Fucking Litecoin's stealing our thunder
Here's a thought, I think there is a significant difference between bitcoin and litecoin miners. (random crazy thoughts courtesy of searing from when he said he was making around 500 litecoin per month with his titans. But he's not selling any... while I was only making around 3 btc per month burning about 5000 watts with my Neptunes)
I bought the same deal he did, when originally offered by knc, but I stuck with the Neptune (bitcoin miner) plus the bonus one instead of taking the option of receiving a titan (script miner) like searing did.
Setting aside the decisions of the past, one thing did strike me. Most bitcoin miners sell most of what they mine. I don't think there's any way to keep a large mining operation running if you don't.
Most litecoin miners - or at least a significant portion - are like searing I suspect. The market for scrypt Asics was much smaller than the bitcoin ones and the scrypt miners seem to have less electrical overhead and seem to be more hobbyists who are hoarding rather than selling...
It's just a thought, but there is definitely a different dynamic between bitcoin and litecoin miners. If the distribution of litecoin mining hardware remains more decentralized as the total scrypt hashrate continues to rise, one could even imagine a point where litecoin becomes even more secure against attacks from centralized effects than bitcoin.
I don't know what will happen (nobody does) but if you were to follow this theory to it's conclusion, litecoin should reach at bare minimum a 1/4 valuation to bitcoin, and could conceivably reach parity or surpass bitcoin. (This scenario would require several devs to abandon bitcoin and move to litecoin... doubtful, but not impossible)
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