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Author Topic: why LTC/BTC jumps recently ?  (Read 1845 times)
CryptoJunky
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March 06, 2013, 11:01:46 PM
 #21

Litecoin is a less hostile environment for newcomers to the crypto currency market. You can still earn coins with a CPU and can do very well with a GPU. It is currently more profitable to mine than any other coin, even propped up Novacoin. While litecoin hasn't been immune to trouble, it does have a pretty good group involved in it and more infrastructure than other alternates.

For someone new to Bitcoin, Litecoin is an easy way to get involved in mining without having to buy dedicated hardware. Bitcoin mining is no longer new user friendly.

FuzzyBear
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March 06, 2013, 11:11:00 PM
 #22

I still believe in PPC :p

You sound like it is your religion.

Noway I just think that in the majority of places on the earth the principles of PPC are much more useful than those of Jesus

in PPC you trust  Cheesy
I honestly read it as that johnwhitestar ...

hehe I like that smoothie Cheesy

***** Earn DEV at http://devtome.com *****
mr_random
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March 06, 2013, 11:12:40 PM
 #23

Litecoin is a less hostile environment for newcomers to the crypto currency market. You can still earn coins with a CPU and can do very well with a GPU. It is currently more profitable to mine than any other coin, even propped up Novacoin. While litecoin hasn't been immune to trouble, it does have a pretty good group involved in it and more infrastructure than other alternates.

For someone new to Bitcoin, Litecoin is an easy way to get involved in mining without having to buy dedicated hardware. Bitcoin mining is no longer new user friendly.

Agreed and just to add my thoughts to this, I think spectators and analysts sometimes underestimate the powerful effect miners have on the economy. If miners move more and more to litecoin the impact will have a massive long term 'trickle up' effect with the added bonus of not affecting bitcoin since btc's infrastructure is so solid and growing exponentially now.

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Sunny King
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March 06, 2013, 11:37:48 PM
 #24

Agreed and just to add my thoughts to this, I think spectators and analysts sometimes underestimate the powerful effect miners have on the economy. If miners move more and more to litecoin the impact will have a massive long term 'trickle up' effect with the added bonus of not affecting bitcoin since btc's infrastructure is so solid and growing exponentially now.

By this logic I guess there would be new altcoins created by switching the hash function to be more cpu friendly and there is always a good chance that it would succeed as well just because it's more new-user-minable?

Maybe you are right but I doubt it.
bitgold
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March 07, 2013, 03:23:38 PM
 #25

Another 200GH added by just one delivery:

http://mineforeman.com/2013/03/04/more-avalon-asic-miners-delivered/?goback=%2Egde_3721050_member_219276618

BTC GPU miners are facing the difficult choices: switching to LTC, or switching off.
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