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Author Topic: Litecoin network dying ?  (Read 1272 times)
s1gs3gv
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May 31, 2016, 04:09:25 PM
Last edit: May 31, 2016, 04:19:48 PM by s1gs3gv
 #1

Difficulty -16% next change.

https://bitcoinwisdom.com/litecoin/difficulty

Maybe KNC was mining LTC and their Titans got taken off line when they went into receivership ?

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Za1n
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May 31, 2016, 04:26:35 PM
 #2

I wouldn't necessarily call it dying, but with such a high difficulty and relatively low earnings, I can see some borderline miners maybe dropping out for greener pastures. Rest assured that it will only drop so far, as a decreased difficulty will increase revenue for those that remain thus locking in the remaining hash-rate.
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May 31, 2016, 04:34:24 PM
 #3

Looks like a farm shutting down. There's no other explanation to drop two weeks before LTC goes live on GDAX.

KNC Miner perhaps?

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May 31, 2016, 04:45:43 PM
 #4

I think it's the effect of ETH and increase in price of bitcoin. Most of people are moving to eth from other alts. And I have also heard that there is no active dev team of litecoin.

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May 31, 2016, 04:55:16 PM
 #5

Maybe miners moving their gear for cheaper power.  Don't jump to conclusions, it will level out soon.
s1gs3gv
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May 31, 2016, 05:15:00 PM
 #6

Looks like a farm shutting down. There's no other explanation to drop two weeks before LTC goes live on GDAX.

KNC Miner perhaps?

It does indeed. It would not put it past those bastardos at KNC to have been front running LTC even before they shipped customer Titans. It would explain a lot about the last minute shipping, substandard machines etc.
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May 31, 2016, 05:17:07 PM
 #7

I think it's the effect of ETH and increase in price of bitcoin. Most of people are moving to eth from other alts. And I have also heard that there is no active dev team of litecoin.

Its been a while since you could mine LTC profitably with GPUs, as you can with ETH atm.
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May 31, 2016, 07:09:37 PM
 #8

Currently though, the CNY guys favour litecoin over ethereum..that is until ethereum hits a cny exchange..  Grin
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May 31, 2016, 07:23:56 PM
 #9

Currently though, the CNY guys favour litecoin over ethereum..that is until ethereum hits a cny exchange..  Grin

ETH is already on a number of CNY exchanges. That's the point the article is making: Even with ETH on at least four CNY exchanges it is still not as popular as Litecoin.

As far as CNY markets are concerned BTC and LTC are a double act. It's not suprising that ETH would come third.


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May 31, 2016, 07:44:51 PM
 #10

when they gonna Make Litecoin Great Again?
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May 31, 2016, 07:48:01 PM
 #11

Litecoin still has some value, its mistake was that it wanted to be to bitcoin what silver is to gold, not a bad idea at the time, but not ambitious enough.

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May 31, 2016, 08:48:18 PM
 #12

I have some KNC Titans, turned them all off and built up my GPU rigs again. Eth is far more profitable than LTC at the moment. Maybe others did the same?

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May 31, 2016, 08:58:34 PM
Last edit: May 31, 2016, 09:50:37 PM by s1gs3gv
 #13

I have some KNC Titans, turned them all off and built up my GPU rigs again. Eth is far more profitable than LTC at the moment. Maybe others did the same?

I can understand that if you sold your Titans and bought some GPUs but just turning them off doesn't make sense. Titans make money, so do GPUs. Why not mine LTC and ETH, especially as the profitability of mining LTC looks set to improve with a -17% difficulty change in 2 days ?


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June 01, 2016, 01:42:44 AM
 #14

I'm just curious, what hapenned with network Huh  Huh Huh Huh Huh Huh Huh
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June 01, 2016, 02:04:16 AM
 #15

I think it's the miners moving to Ethereum.   It's price looks good and ripe for mining.  Be on the look out for Chinese miners getting on board.  But I wonder how long until Ethereum switches to Casper.

Also is there a site where we can see Ethereum's difficulty and mining pools?

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s1gs3gv
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June 01, 2016, 02:06:45 AM
 #16

I think it's the miners moving to Ethereum. 

All on the same day or two ? Unlikely.

Also is there a site where we can see Ethereum's difficulty and mining pools?

https://etherchain.org
reb0rn21
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June 01, 2016, 02:10:53 AM
 #17

Ethereum is scam all assholes promoting it should first learn what 90% ICO premined volume mean, and only then open their mouths!
and in the meantime they should read more about decentralization and why it is so important!

I think it's the miners moving to Ethereum.   It's price looks good and ripe for mining.  Be on the look out for Chinese miners getting on board.  But I wonder how long until Ethereum switches to Casper.

Also is there a site where we can see Ethereum's difficulty and mining pools?

You DO NOT know the basic of SCAM you mine and you say miners are moving to ETH, get a brain man!
and whats worse you are Legendary user here? FFS

Dual mine Zilliqa pool with any other POW coin: http://rudnik.hopto.org:5000/
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June 01, 2016, 02:38:03 AM
 #18

I think it's the miners moving to Ethereum.

All on the same day or two ? Unlikely.

Also is there a site where we can see Ethereum's difficulty and mining pools?

https://etherchain.org

Yeah I agree.  Within a day or two...  Unlikely.  

The greed in me wishes there were no plans to switch to Casper.  The miners were one of the core groups that manipulated BTC to moon IMHO.  And Ethereum pools are beginning to look like BTC of old:  https://etherchain.org/statistics/miners

Anyone have an idea who the people behind the big Ethereum mining pools are?

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June 01, 2016, 09:03:44 AM
 #19

maybe any asic company is going to sell miners? Is there some new asic miners on the market?

edit: you can see the same diff drop in december last year
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June 01, 2016, 07:18:08 PM
 #20

Litecoin price is going up, maybe miners wants to drop the price to buy more before the bitcoin halving???
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