Litecoin is the sleeping giant

[Searing]

I hear all the bitmain L3's sold out yesterday in the world (or at least china sites) is that so I made my killing on those so fat and happy on my bet that
it shall hold over $6 ltc bet)

still stunned I am ($8.60 ltc as I speak)

later

[European Central Bank]

@ Mr ltcbtc whatever. dude, you're shit.

and shitty at predictions too. guess your amazing psychological manipulation didn't work so good.

[crypticj]

I hear all the bitmain L3's sold out yesterday in the world (or at least china sites) is that so I made my killing on those so fat and happy on my bet that
it shall hold over $6 ltc bet)

still stunned I am ($8.60 ltc as I speak)

later

Searing they didn't sell out they stopped selling them.. to mine them and they will show up on ebay with 50% premium from same chinese hardware sellers.

[Searing]

I hear all the bitmain L3's sold out yesterday in the world (or at least china sites) is that so I made my killing on those so fat and happy on my bet that
it shall hold over $6 ltc bet)

still stunned I am ($8.60 ltc as I speak)

later

Searing they didn't sell out they stopped selling them.. to mine them and they will show up on ebay with 50% premium from same chinese hardware sellers.

I stand corrected. Damn happy I got under the wire thru maxumark deals and hosting

[a29654]

Do you expect ltc to hit $100(?) and stay at price or just a pump asdash?

[European Central Bank]

Do you expect ltc to hit $100(?) and stay at price or just a pump asdash?

i'd expect it to do great in the long term. it'll be able to do so much more than bitcoin with segwit. in short term it's the normal pumpathon.

[iamnotback]

LTC miners please make sure you've read this and signal SegWit so the price will continue to rise:

https://bitcointalk.org/index.php?topic=1663070.msg18459085#msg18459085

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/

[a29654]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

[crypticj]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

[a29654]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

Eh, free electricity.

Yeah I'll probably go to gpu mining

[iamnotback]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jihan Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

I bet Jihan Wu has commandeered all his applicable resources to mining LTC and dumping it on exchanges to try to defeat the SegWit activation:

https://bitcoinwisdom.com/litecoin/difficulty

The LTC miners I had linked to say that he pulled all the supply of A3s off the market so he could mine with them.

Smart money hopefully continues to eat up all the LTC he dumps and hopefully the supply of A4s available is sufficient to overtake Jihan's A3 manufacturing rate.

It is interesting to compare March 11 to today:

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170311190046/https://www.litecoinpool.org/pools

The largest percentage gainer of significance which not signaling SegWit is Antpool which is run by Bitmain, i.e. Jihan Wu. So that is probably clearly Bitmain using their A3s as a weapon instead of selling them into the free market.

LTC1BTC is the other antagonist with significant gains in hashrate.

So those are two main enemies that have to be defeated.

Note Litecoinpool which has nearly doubled their hashrate and they signal SegWit.

The fight is on!

[crypticj]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jilian Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

I bet Julian Wu has commandeered all his applicable resources to mining LTC and dumping it on exchanges to try to defeat the SegWit activation:

https://bitcoinwisdom.com/litecoin/difficulty

The LTC miners I had linked to say that he pulled all the supply of A3s off the market so he could mine with them.

Smart money hopefully continues to eat up all the LTC he dumps and hopefully the supply of A4s available is sufficient to overtake Julian's A3 manufacturing rate.

It is interesting to compare March 11 to today:

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170311190046/https://www.litecoinpool.org/pools

The largest percentage gainer of significance which not signaling SegWit is Antpool which is run by Bitmain, i.e. Jilian Wu. So that is probably clearly Bitmain using their A3s as a weapon instead of selling them into the free market.

LTC1BTC is the other antagonist with significant gains in hashrate.

So those are two main enemies that have to be defeated.

Note Litecoinpool which has nearly doubled their hashrate and they signal SegWit.

The fight is on!

Yes if difficulty rises 25% but prices goes up to $30 (which is a possibility with momentum and segwit activation) You will breakeven in 57 days so yes A4 or L3 are better investments.  Assuming Price goes to $30 but bare in mind if you have to wait a whole 1 month for your Asics to arrive thats a loss of mining time and almost work 75 Litecoins mined or $750 @ $10 per Litecoin.

If you were to buy $2000 worth of litecoins @ $9 so approx 222 LTC coins @$30 per lite coin you are looking at $6660 or profit of $4660 it will take you a lot longer to recoup that with mining almost 250 days with difficulty rising. so maybe just maybe buying Litecoin is better option than getting a A4.

As always you can hedge your bet buy $1000 worth of Lite coins and order A4 for $899 which mines at 136mh/s from eastshore

[Searing]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

I'd get more scrypt miners...but they are complete unicorn ghosts now...a friend has been looking all day...etc etc..the 'legit' places china/world etc all say SOLD OUT

ltc is your only shot now it seems....I mean folk are dusting off the A2's and Innsilicon 250mh and Alcheminer 250mh miners that use 2x the power of a KNC Titan

yet they are too making more then a KNC Titan at $4.15 usd 2 weeks ago!

....damn...and I almost sold my knc titan lot 2 or 3 months ago for 1k each (300mh version)

[a29654]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jilian Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

I bet Julian Wu has commandeered all his applicable resources to mining LTC and dumping it on exchanges to try to defeat the SegWit activation:

https://bitcoinwisdom.com/litecoin/difficulty

The LTC miners I had linked to say that he pulled all the supply of A3s off the market so he could mine with them.

Smart money hopefully continues to eat up all the LTC he dumps and hopefully the supply of A4s available is sufficient to overtake Julian's A3 manufacturing rate.

It is interesting to compare March 11 to today:

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170311190046/https://www.litecoinpool.org/pools

The largest percentage gainer of significance which not signaling SegWit is Antpool which is run by Bitmain, i.e. Jilian Wu. So that is probably clearly Bitmain using their A3s as a weapon instead of selling them into the free market.

LTC1BTC is the other antagonist with significant gains in hashrate.

So those are two main enemies that have to be defeated.

Note Litecoinpool which has nearly doubled their hashrate and they signal SegWit.

The fight is on!

Yes if difficulty rises 25% but prices goes up to $30 (which is a possibility with momentum and segwit activation) You will breakeven in 57 days so yes A4 or L3 are better investments.  Assuming Price goes to $30 but bare in mind if you have to wait a whole 1 month for your Asics to arrive thats a loss of mining time and almost work 75 Litecoins mined or $750 @ $10 per Litecoin.

If you were to buy $2000 worth of litecoins @ $9 so approx 222 LTC coins @$30 per lite coin you are looking at $6660 or profit of $4660 it will take you a lot longer to recoup that with mining almost 250 days with difficulty rising. so maybe just maybe buying Litecoin is better option than getting a A4.

As always you can hedge your bet buy $1000 worth of Lite coins and order A4 for $899 which mines at 136mh/s from eastshore

Long story but the L3 would start mining tomorrow.



 How long would ltc maintain that level ($30)

How long would it take. People have been saying ltc will pump since November

[a29654]

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jilian Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

I bet Julian Wu has commandeered all his applicable resources to mining LTC and dumping it on exchanges to try to defeat the SegWit activation:

https://bitcoinwisdom.com/litecoin/difficulty

The LTC miners I had linked to say that he pulled all the supply of A3s off the market so he could mine with them.

Smart money hopefully continues to eat up all the LTC he dumps and hopefully the supply of A4s available is sufficient to overtake Julian's A3 manufacturing rate.

It is interesting to compare March 11 to today:

https://web.archive.org/web/20170405041023/https://www.litecoinpool.org/pools

https://web.archive.org/web/20170311190046/https://www.litecoinpool.org/pools

The largest percentage gainer of significance which not signaling SegWit is Antpool which is run by Bitmain, i.e. Jilian Wu. So that is probably clearly Bitmain using their A3s as a weapon instead of selling them into the free market.

LTC1BTC is the other antagonist with significant gains in hashrate.

So those are two main enemies that have to be defeated.

Note Litecoinpool which has nearly doubled their hashrate and they signal SegWit.

The fight is on!

There's also the high probability that a bitmain may release another miner

[iamnotback]

There's also the high probability that a bitmain may release another miner

How soon can they ramp up production?

What about their competitors?

Of course Bitmain is going to spread rumors to try to make miners apprehensive and cause them to not act.

I think miners need to look at the facts and ignore BS propaganda and tactics.

[iamnotback]

More discussion here.

[crypticj]

offcourse bitmain is going to release more miners they dont' care about miners only thing they care about is making money by selling there overpriced hardware. @ $2000 a pop

[iamnotback]

Long story but the L3 would start mining tomorrow.

If you have reasonably priced electricity, I would jump on that immediately but please don't do it if it will not signal SegWit. You'll suppress the price if SegWit doesn't get activated. Apparently L3 are very difficult to find right now.

But it depends, read below...

How long would ltc maintain that level ($30)

How long would it take. People have been saying ltc will pump since November

Look at the chart I made and my detailed reasoning and decide for yourself.

Personally I think if SegWit gets activated, then LTC will break $50 and probably hit $100. But it will be a very volatile rise, so I was using $30 as a conservative estimate of average price over the rest of the year.

But I really think it will be higher than that.

But nothing in life is guaranteed. Yet I think it is very difficult for you to lose money on that L3 in any case, although I can't compute precisely whether it is better to buy LTC or that L3. It depends on many factors such as the cost of your electricity, price assumptions, hashrate rise assumptions, etc..

I believe the supply ASICs is very constrained given the level of price rise we are possibly going to see. So owning a miner is a very leveraged position that can pay off big if some assumptions come true. But it can also end up a lower ROI than buying LTC. It is impossible to say for sure which is the better bet.

In either case, don't sell your LTC too cheap! (unless you believe SegWit activation will fail)

[iamnotback]

offcourse bitmain is going to release more miners they dont' care about miners only thing they care about is making money by selling there overpriced hardware. @ $2000 a pop

No Bitmain is trying to maintain a monopoly on gouging fees on Bitcoin. That is why they are trying to block any SegWit on Litecoin. Thus they will preannounce far in advance right now to try to make miners afraid to act.

Jihan Wu and BU are a diversionary tactic. What they really want is small blocks forever on Bitcoin and no scaling competition for Bitcoin.

Bitcoin can't move higher until this scaling shit is resolved. Jihan Wu is blocking the progress of our entire ecosystem. Please kick his ass by activating SegWit.