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Poll
Question: Please finish the sentence. When the difficulty goes up to 42+ I...
Keep mining LTC - 36 (52.9%)
Mine another alt currency - 10 (14.7%)
Mine bitcoin - 14 (20.6%)
Turn off my rigs and sell my equipment (or downsize) - 2 (2.9%)
Turn my rigs off and turn them back on when difficulty readjusts - 6 (8.8%)
Total Voters: 68

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Author Topic: [Poll] People who mine LTC please vote !!  (Read 1072 times)
CoinHoarder (OP)
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December 14, 2012, 08:28:22 PM
Last edit: December 14, 2012, 08:42:48 PM by CoinHoarder
 #1

We are about 8 hours (burnside estimate) to 13 hours (litecoinpool estimate) away from a difficulty readjustment.

Will we see another large jump in the network hash rate yet again?

How long do you think this trend will continue?
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December 14, 2012, 08:40:54 PM
 #2

My opinion on the matter is that we will see this trend continue for quite a while.

I know that with the smallish farm that I have (9 rigs with 3-4 cards ea.)... I operate at a loss when difficulty reaches 42+ because of the cost of electricity and air conditioning (its been a hot winter). There is absolutely no point in even running the damn things at such high difficulty for me. I don't really want to give up GPU mining all together, so I fall into the "Turn my rigs off and turn them back on when difficulty readjusts" category.
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December 14, 2012, 10:03:02 PM
 #3

Ill mine what ever on LTC diff is due to drop down any day or change so will see if goes up or down.

LTC will be a good investment long run if you can stick it out. Maybe set a few miners to solo and some pool. I was lucky to actually get my first 50 LTC from solo mining in 8 hours total luck since then not been so lucky but going to solo it out and see what the advantage is for my current set up and calculate if better in pool or not and wait for new hardware to arrive and more to buy

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420
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December 15, 2012, 12:49:21 AM
 #4

this poll is biased toward litecoin enthusiasts

Ill mine what ever on LTC diff is due to drop down any day or change so will see if goes up or down.

LTC will be a good investment long run if you can stick it out. Maybe set a few miners to solo and some pool. I was lucky to actually get my first 50 LTC from solo mining in 8 hours total luck since then not been so lucky but going to solo it out and see what the advantage is for my current set up and calculate if better in pool or not and wait for new hardware to arrive and more to buy

that's always luck smarty pants. that's all. The question is, do you feel lucky punk?

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December 15, 2012, 12:47:07 PM
 #5

Correct me if I am wrong but the hash rate calculation is not a exact science. It's more like a estimate based on some variables. Those wild fluctuations can, and probably are, corrections in calculations.
Never the less, keep on mining Wink

While reading what I wrote, use the most friendliest and relaxing voice in your head.
BTW, Things in BTC bubble universes are getting ugly....
meebs
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December 15, 2012, 01:37:27 PM
 #6

We are about 8 hours (burnside estimate) to 13 hours (litecoinpool estimate) away from a difficulty readjustment.

Will we see another large jump in the network hash rate yet again?

How long do you think this trend will continue?


Of course network hash rate is going to jump way up when LTC mining gives someone $8.50 a day vs $5 a day for BTC.....

I'd say this thread will continue until asics come out... at which time mining is REALLY going to go wonky in a way in which makes the halving look like a joke. THat is when the "find an alt coin or shut down" will be the ONLY choice verses continue mining BTC at just a little lower income rate.


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December 15, 2012, 02:00:31 PM
 #7

i'll continue to mine on my CPU Tongue don't get much these days for it.. but better than nothing Smiley and more than i'll get in 3 months time  mining on same equipment imo

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December 16, 2012, 02:09:09 AM
 #8

It looks like a trend of everyone jumping on 1 cycle and then off 1 cycle
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December 16, 2012, 02:26:17 AM
 #9

It looks like a trend of everyone jumping on 1 cycle and then off 1 cycle

How will this end??.....

and you mean HALF of everyone

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December 16, 2012, 12:13:07 PM
 #10

Correct me if I am wrong but the hash rate calculation is not a exact science. It's more like a estimate based on some variables. Those wild fluctuations can, and probably are, corrections in calculations.
Never the less, keep on mining Wink

Its too consistent to be mere fluctuations in calculations. There is definitely a clear on-off trend for miners every time difficulty readjusts.
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December 16, 2012, 01:54:03 PM
 #11

It looks like a trend of everyone jumping on 1 cycle and then off 1 cycle

How will this end??.....

and you mean HALF of everyone

Making reasons to mine, hold, spend & buy Litecoin. Until then it's just gonna get action on 1 exchange.
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December 17, 2012, 04:37:45 AM
 #12

this poll is biased toward litecoin enthusiasts

Ill mine what ever on LTC diff is due to drop down any day or change so will see if goes up or down.

LTC will be a good investment long run if you can stick it out. Maybe set a few miners to solo and some pool. I was lucky to actually get my first 50 LTC from solo mining in 8 hours total luck since then not been so lucky but going to solo it out and see what the advantage is for my current set up and calculate if better in pool or not and wait for new hardware to arrive and more to buy

that's always luck smarty pants. that's all. The question is, do you feel lucky punk?

yup very lucky punk lol. soloed in last 6 days found 4 blocks of 50ltc on 1 gpu at 300kh/s So am lucky and thinking to continue at this rate if luck up by this much. Just need more hardware and thats on its way so will setup number of solo and number of pool.

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