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meebs
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March 15, 2013, 12:05:43 AM |
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It is not that awesome, but logical. Thousands of new interests were drawn to Bitcoin by articles, and the very steep price increase, so everyone wants to get in. Who gets in, realizes that waitaminutedude, here is something that might not be as premined as BTC, and the difficulty is not that ramped up, let's give it a try with my 1-10 gpu's, instead of Bitcoin. Hence the network grows, imagine what'll happen if the few terahashes start to mine ltc instead of BTC (which partially started because of it's price increase and the good conversion/electricity rate compared to BTC). The pros already have their batchfile present on the desktop for LTC <--> BTC with everything setup, i am afraid, so...no biggie Good days will come tho those, who mine  or.. "woah dude.. I can make $10/day with btc... or $25 a day with LTC... " easy answer there. |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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420
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March 15, 2013, 01:23:13 AM |
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not much more than 3. difficulty recently changed so its not accurate with the estimate |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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KWH
Legendary
 Offline
Activity: 1904
Merit: 1045
In Collateral I Trust.
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March 15, 2013, 01:30:24 AM |
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It's silly high right now.  |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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tacotime
Legendary
Offline
Activity: 1484
Merit: 1005
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April 08, 2013, 04:29:18 PM |
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Total 9,075,301 kH/s  |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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elvisrene
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April 08, 2013, 05:07:41 PM |
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yes everyone started mining litecoin when they had the jump from 0.52 to 4 now its back at 4 again so i would think more people to mine
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Herbalconfusion
Member
Offline
Activity: 89
Merit: 10
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April 08, 2013, 07:34:32 PM |
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I view it as block chain security  |
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meebs
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April 08, 2013, 09:23:04 PM |
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Total 9,075,301 kH/s that is downright impressive, considering it is almost all cpu/gpu (unless someone developed a FPGA and is keeping it a secret for themselves) |
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CoinHoarder
Legendary
Offline
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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April 08, 2013, 11:23:04 PM |
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LOL  ITT we used to complain about 14 difficulty. Ah... those were the days |
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420
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April 10, 2013, 01:01:41 AM |
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Current Difficulty 234.44933551
Next Difficulty Estimate 283.8552500
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Ilocans
Member
Offline
Activity: 77
Merit: 10
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April 10, 2013, 01:44:55 AM |
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Worst Next Diffculty Estimate: 290.15614504 Soon I won't be able to mine anything  |
Let's color the MOON: YCu1UpCKcZuu9162NeDCtDFU2Vdiz3t23i
Donation Addresses:
Feathercoin: 6jyEsQGrVSySeNV1brb9JH1b1vPmeMYatF
LiteCoin: LgcJgVeFLiiuuhsC5rUw1cUwg15Nutds5X
Bitcoin:14sZqEb5Tu3w9qVUCDHJ38CzJ2CQS9EV7M
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cdog
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April 10, 2013, 03:27:30 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
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420
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April 10, 2013, 03:37:03 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
It will. |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Bogart
Legendary
Offline
Activity: 966
Merit: 1000
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April 10, 2013, 03:58:23 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
It will. I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs. After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000. |
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S." - President F.D. Roosevelt, 1933
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420
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April 10, 2013, 04:16:45 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
It will. I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs. After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000. I meant the price will sustain the skyrocketing difficlty |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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weex
Legendary
Offline
Activity: 1102
Merit: 1014
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April 10, 2013, 04:17:17 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
It will. I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs. After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000. How do you figure? You think there'll be 30gh on Litecoin? |
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420
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April 10, 2013, 04:21:50 AM |
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300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.
It will. I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs. After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000. How do you figure? You think there'll be 30gh on Litecoin? of course |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Herbalconfusion
Member
Offline
Activity: 89
Merit: 10
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April 10, 2013, 04:55:58 AM |
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I think there is a fairly direct relation with difficulty and value. The more mature the currency becomes the more perceived value it has. As people start mining less and less coins per day they will start feeling more comfortable giving litelcoins a more accurate value. Which i believe is more around 8-12 ltc per btc
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420
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April 10, 2013, 05:02:35 AM |
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I think there is a fairly direct relation with difficulty and value. The more mature the currency becomes the more perceived value it has. As people start mining less and less coins per day they will start feeling more comfortable giving litelcoins a more accurate value. Which i believe is more around 8-12 ltc per btc
i think 8 to 12 dollars is more accurate than $20 like u suggested |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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CoinHoarder
Legendary
Offline
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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April 18, 2013, 06:57:52 PM |
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Current difficulty: 364
Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.
It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.
It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.
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tacotime
Legendary
Offline
Activity: 1484
Merit: 1005
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April 18, 2013, 07:05:44 PM |
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Current difficulty: 364
Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.
It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.
It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.
Price will be at $5-10 in a month if this keeps up, I would keep your chin up. There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin. If anything, now is a good time to buy. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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