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Author Topic: GPU farms moving over to Litecoin  (Read 10116 times)
Sitarow
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October 15, 2012, 10:32:30 PM
 #21

Once ASICs are out, and mining bitcoins as an amateur is no longer an option, I will most definitely be going to litecoin

What happens if BTC Value goes up and the difficulty of the litecoin network goes to the moon?
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October 15, 2012, 10:40:54 PM
 #22

I am stuck in the Bitcoin ecosystem until something better comes along.  I am waiting for GaussCoin


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October 15, 2012, 10:45:37 PM
 #23

Once ASICs are out, and mining bitcoins as an amateur is no longer an option, I will most definitely be going to litecoin

What happens if BTC Value goes up and the difficulty of the litecoin network goes to the moon?
I'll curl up into a ball and cry

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October 16, 2012, 12:56:52 AM
 #24

Once ASICs are out, and mining bitcoins as an amateur is no longer an option, I will most definitely be going to litecoin

What happens if BTC Value goes up and the difficulty of the litecoin network goes to the moon?
and Litecoin price drops to the bottom of the ocean, it is great to be able to mine something, but there is limited use for LTC and eventually people willing to pay Bitcoins for it will dry up...
despite the wishes of the masses I do not see Litecoin being the GPU miners saviour
I really hope to be wrong.... but dont expect to be.

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October 16, 2012, 04:09:22 AM
 #25

if anyone is currently mining litecoin, shouldn't they tell everyone it sucks, it doesn't work, and it doesn't exist and is actually just a myth? Tongue Then less people will mine, lol.
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October 16, 2012, 05:54:45 AM
 #26

if anyone is currently mining litecoin, shouldn't they tell everyone it sucks, it doesn't work, and it doesn't exist and is actually just a myth? Tongue Then less people will mine, lol.
what like people buying asics are?
Tongue

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October 16, 2012, 07:37:17 AM
 #27

Just how crazy is it going to get? Anyone starting early on the Litecoin switch over?
pretty crazy I think
a week ago network hashrate was in the 300Mh/s range, right now 798Mh/s. ppl are definitely moving over
not sure what is causing the high price - cant see it sustainable atm tho. People flooding on to mine and convert straight to BTC will put severe pressure on LTC price.
my 0.0002LTC worth Tongue
I think the price rise is simply due to the increase in interest by people mining or looking at mining LTC. The big increase in interest when GPU miners switch to LTC probably means a big increase in price as more people start to accumulate small amounts of LTC.

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October 24, 2012, 12:55:40 PM
 #28

if anyone is currently mining litecoin, shouldn't they tell everyone it sucks, it doesn't work, and it doesn't exist and is actually just a myth? Tongue Then less people will mine, lol.
what like people buying asics are?
Tongue

So true!

Litecoin does suck!  Waste of time!
ASICs are a fairytale people! 
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October 24, 2012, 12:59:33 PM
 #29

Once ASICs are out, and mining bitcoins as an amateur is no longer an option, I will most definitely be going to litecoin

What happens if BTC Value goes up and the difficulty of the litecoin network goes to the moon?
and Litecoin price drops to the bottom of the ocean, it is great to be able to mine something, but there is limited use for LTC and eventually people willing to pay Bitcoins for it will dry up...
despite the wishes of the masses I do not see Litecoin being the GPU miners saviour
I really hope to be wrong.... but dont expect to be.

Limited use? Bitcoin had limited use upon its creation as well.  All it takes is time, there's already projects being developed for LTC and it will continue to grow.

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November 16, 2012, 03:52:00 PM
 #30

how is the market currently on LTC? is it still on the up rising?
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November 18, 2012, 04:29:52 AM
 #31

how is the market currently on LTC? is it still on the up rising?


....sure!

I'm such a nice guy that I'll sell ya my LTC for the basement bargain price of .007 BTC per litecoin :-D

(but honestly.. they're only worth 0.005 BTC each now..

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Crypt_Current
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November 21, 2012, 05:13:18 AM
 #32

how is the market currently on LTC? is it still on the up rising?

https://btc-e.com/exchange/ltc_btc

I've been mining BTC with between 800MH - 2GH for about a year now.  When my two Jalepenos arrive, I'll move that GPU hashing power to LTC.

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November 21, 2012, 04:32:09 PM
 #33

The "Network Performance & Difficulty Chart" shows a steady decrease in miners.  Even hitting below 400 earlier today.

http://www.litecoinpool.org/charts
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November 21, 2012, 08:08:15 PM
 #34

It's not about opinion, it's about facts, check the top-right corner:
http://coinotron.com/coinotron/AccountServlet?action=home

The lowest I saw was 1.2 times the profit you can make with BTC. Usually, it's around 1.4 to 1.5 times more profitable.
a time ago there was at coinotron.com the possibility to switch automatic to the coin which is most profitable - is this disabled now?
I don't find it anymore...
TIA


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November 22, 2012, 04:03:33 AM
 #35

It's not about opinion, it's about facts, check the top-right corner:
http://coinotron.com/coinotron/AccountServlet?action=home

The lowest I saw was 1.2 times the profit you can make with BTC. Usually, it's around 1.4 to 1.5 times more profitable.
a time ago there was at coinotron.com the possibility to switch automatic to the coin which is most profitable - is this disabled now?
I don't find it anymore...
TIA

I'm not sure how beneficial that would be. At least for a 7xxx series GPU, the overclock and even clock speed settings are completely different.

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November 25, 2012, 09:05:42 PM
 #36

It's not about opinion, it's about facts, check the top-right corner:
http://coinotron.com/coinotron/AccountServlet?action=home

The lowest I saw was 1.2 times the profit you can make with BTC. Usually, it's around 1.4 to 1.5 times more profitable.
a time ago there was at coinotron.com the possibility to switch automatic to the coin which is most profitable - is this disabled now?
I don't find it anymore...
TIA

I'm not sure how beneficial that would be. At least for a 7xxx series GPU, the overclock and even clock speed settings are completely different.

yup. would only work with coins that have the same hashing algorithm. then if coinotron was a big enough part of the hasing power it could produce a circle of coins always switching place for who's most profitable or worse get stuck on one gaining value and the others failing

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December 11, 2012, 02:05:29 AM
 #37

me too am considering moving to ltc. but i thought ltc was more for cpu?
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December 11, 2012, 02:11:50 AM
 #38

me too am considering moving to ltc. but i thought ltc was more for cpu?

NO! its now way better to use GPU's:
http://wiki.litecoin.net/index.php/Mining_hardware_comparison

PM me your GPU's and setup I'll tell you how much profit you can make, also your power costs

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December 12, 2012, 02:34:05 AM
 #39

Limited use? Bitcoin had limited use upon its creation as well.  All it takes is time, there's already projects being developed for LTC and it will continue to grow.

"Hope springs eternal."

Bitcoin isn't even mainstream yet. Litecoin doesn't stand a chance.

Litecoin is the latest worthless alt-coin Pump & Dump being chased by the miners for a few extra bucks. It will fail just like the other two dozen "alt-coin" blockchains before it.

You show me one of these "projects" in the works for Litecoin, and I'll show you a dozen for Bitcoin. If you show me 2 projects for Litecoin, I'll show you 2 dozen. And so forth.

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December 12, 2012, 03:02:10 AM
 #40

Limited use? Bitcoin had limited use upon its creation as well.  All it takes is time, there's already projects being developed for LTC and it will continue to grow.

"Hope springs eternal."

Bitcoin isn't even mainstream yet. Litecoin doesn't stand a chance.

Litecoin is the latest worthless alt-coin Pump & Dump being chased by the miners for a few extra bucks. It will fail just like the other two dozen "alt-coin" blockchains before it.

You show me one of these "projects" in the works for Litecoin, and I'll show you a dozen for Bitcoin. If you show me 2 projects for Litecoin, I'll show you 2 dozen. And so forth.



Don't know why your here if you can so clearly predict the future you should be rich by now...
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