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Author Topic: ASIC will crash litecoin  (Read 13028 times)
Miner99er
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January 22, 2013, 04:20:33 PM
 #41

Please don't move your GPU's to LTC...

More for me.

how many GPU's at your disposal?

Enough to pay all my bills. Smiley

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January 28, 2013, 09:31:32 PM
 #42

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


LTC to BTC is already going downhill fast, even with the 'news' that Avalon shipped. People dumping LTC preemptively?

Does make me wonder who is even buying Litecoins in the first place. Not that I mind, I've sold plenty of Litecoins for Bitcoins, even though I wonder what people do with them Cheesy

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January 28, 2013, 09:38:34 PM
 #43

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


LTC to BTC is already going downhill fast, even with the 'news' that Avalon shipped. People dumping LTC preemptively?

Does make me wonder who is even buying Litecoins in the first place. Not that I mind, I've sold plenty of Litecoins for Bitcoins, even though I wonder what people do with them Cheesy


look at LTC in USD terms.

if you compare gold to bitcoin all the time it looks like gold is losing value but its not

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January 28, 2013, 09:50:21 PM
 #44

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


LTC to BTC is already going downhill fast, even with the 'news' that Avalon shipped. People dumping LTC preemptively?

Does make me wonder who is even buying Litecoins in the first place. Not that I mind, I've sold plenty of Litecoins for Bitcoins, even though I wonder what people do with them Cheesy


http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e

Huh
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January 28, 2013, 09:57:35 PM
 #45

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


LTC to BTC is already going downhill fast, even with the 'news' that Avalon shipped. People dumping LTC preemptively?

Does make me wonder who is even buying Litecoins in the first place. Not that I mind, I've sold plenty of Litecoins for Bitcoins, even though I wonder what people do with them Cheesy


http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e

Huh

less volatile lately; you like?

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January 31, 2013, 06:11:14 AM
 #46

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


not I

i'll be selling all my stuff and getting out entirely. 

and nogleg will be recommissioned for a different purpose!

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
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January 31, 2013, 08:25:08 PM
 #47

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?


not I

i'll be selling all my stuff and getting out entirely. 

and nogleg will be recommissioned for a different purpose!

Do u want to sell you GPU's to me ...lol...serious lol  Huh

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January 31, 2013, 08:28:04 PM
 #48

how do you feel now adam? holding your ground

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February 01, 2013, 09:28:21 PM
 #49

how do you feel now adam? holding your ground

i have a bid for LTC, its low, and gets close to getting filled every once in a while, I'm hoping to see more GPU mine the shit out of LTC and fill my bid.

LittleDigger
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March 12, 2013, 03:31:12 AM
 #50

During the last two weeks :

Network hashrate has increased from 400 to 1,800 Gh
LTC has gone from 0.06 to 0.4 USD
LTC has gone from 0.004 to 0.01 BTC.

These are the facts ladies and gentlemen and you can speculate how you wish about them.

I noticed that for a while LTC stayed relatively constant against BTC and concluded that the rally with BTC was dragging up the value of LTC. LTC was riding the coattails of BTC.

Now I note LTC appears to be rallying independantly of BTC. I suspect that, with all the publicity lately surrounding BTC, miners who have a choice between retiring their rigs or mining LTC choosing the later and investors who wished they had speculated on BTC finding out about LTC, this will continue.

No doubt the LTC economy needs to grow, but this growth would have to be a natural progression resulting from an increased number of people involved in that economy. I believe that is what we are seeing now.

Yes, LTC is underdeveloped compared to BTC, however when one considers it's youth, and that it's progression is eased by increasing interest in, and acceptance of BTC, I would say it's not time to write it off just yet. Wink

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March 12, 2013, 11:32:54 PM
 #51


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March 13, 2013, 12:18:01 AM
 #52

forgot to mention.............

ASIC will crash Litecoin to higher than before the great litecoin rally of 2013  Cool

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BlackBison
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March 13, 2013, 12:19:25 AM
 #53

2TH of btc miners down, 18TH to go  Grin

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March 13, 2013, 12:22:44 AM
 #54

2TH of btc miners down, 18TH to go  Grin

maybe 20% will switch to litecoin Smiley

2TH=2GH litecoin mining power. our network is only 2Ghash everyone remember........ MUAHAHAH!!!

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March 13, 2013, 08:09:04 PM
 #55

What I don't get is why these GPU miners are keeping the LTC instead of selling them for BTC, as OP predicted, and as I would have guessed.

It looks like a few GPU farms have made the switch to LTC, and so now the LTC that would usually go straight on the market is being held, thus limiting the supply.

This is great as long as they hold them, or sell them very slowly, because once they dump them, it's gonna be a looooong way down for the LTC exchange.
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March 13, 2013, 08:13:13 PM
 #56

What I don't get is why these GPU miners are keeping the LTC instead of selling them for BTC, as OP predicted, and as I would have guessed.

It looks like a few GPU farms have made the switch to LTC, and so now the LTC that would usually go straight on the market is being held, thus limiting the supply.

This is great as long as they hold them, or sell them very slowly, because once they dump them, it's gonna be a looooong way down for the LTC exchange.

do you fail to forget the amount of LTC being created stays the same and is adjusted every 2.5 days?

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March 13, 2013, 08:25:43 PM
 #57

What I don't get is why these GPU miners are keeping the LTC instead of selling them for BTC, as OP predicted, and as I would have guessed.

It looks like a few GPU farms have made the switch to LTC, and so now the LTC that would usually go straight on the market is being held, thus limiting the supply.

This is great as long as they hold them, or sell them very slowly, because once they dump them, it's gonna be a looooong way down for the LTC exchange.

do you fail to forget the amount of LTC being created stays the same and is adjusted every 2.5 days?

Are you high? That's exactly how a GPU farm would cause a shortage of LTC, by having a large portion of the network, thus lowering the number of coins going to everyone else...
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March 13, 2013, 08:30:37 PM
 #58

420, I can tell by your pots you have a lot of time invested in Ltc. And that you pray it will be rising to the stars and back.

The simple fact is currently all that is funding this PUSH in Litecoins is the flock of miners rushing to Ltc as they are unable to continue to mine Btc efficiently. As well as several people with large amounts of Btc looking to diversify there assets believing that Ltc is going Bullish. (which it most certainly is) This "rise" is unnatural, and not sparked by demand but simply by speculation with no real market liquidity.

Currently the price is holding at the .70 mark, with several large and rapid drops into the .45-.55 range. Ltc is immensely unsteady and the current vigorous fluctuations show this. There is confidence in Ltc to support the current price. Unfortunately it will not last. I don't even give it till the end of the month before dropping down rapidly to .15-.25

Please feel free to quote me on this at the months end.
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March 13, 2013, 08:34:22 PM
 #59

What I don't get is why these GPU miners are keeping the LTC instead of selling them for BTC, as OP predicted, and as I would have guessed.

It looks like a few GPU farms have made the switch to LTC, and so now the LTC that would usually go straight on the market is being held, thus limiting the supply.

This is great as long as they hold them, or sell them very slowly, because once they dump them, it's gonna be a looooong way down for the LTC exchange.

do you fail to forget the amount of LTC being created stays the same and is adjusted every 2.5 days?

Are you high? That's exactly how a GPU farm would cause a shortage of LTC, by having a large portion of the network, thus lowering the number of coins going to everyone else...

and you're saying it was not happening before in any significance

yoodles you're free to make bets and bet in the betsofbitco.in
http://betsofbitco.in/item?id=1321
http://betsofbitco.in/item?id=1322
http://betsofbitco.in/item?id=1305
http://betsofbitco.in/item?id=1297

a lot of those bets should be ended but you get the idea, make your own

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March 13, 2013, 11:03:57 PM
 #60

420, I can tell by your pots you have a lot of time invested in Ltc. And that you pray it will be rising to the stars and back.

The simple fact is currently all that is funding this PUSH in Litecoins is the flock of miners rushing to Ltc as they are unable to continue to mine Btc efficiently. As well as several people with large amounts of Btc looking to diversify there assets believing that Ltc is going Bullish. (which it most certainly is) This "rise" is unnatural, and not sparked by demand but simply by speculation with no real market liquidity.

Currently the price is holding at the .70 mark, with several large and rapid drops into the .45-.55 range. Ltc is immensely unsteady and the current vigorous fluctuations show this. There is confidence in Ltc to support the current price. Unfortunately it will not last. I don't even give it till the end of the month before dropping down rapidly to .15-.25

Please feel free to quote me on this at the months end.

Quoted. Good luck  Wink
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