[wts] 25,000chn for 700ltc

[mill0601]

As the title states

[Petr1fied]

Your price is way over the odds. The going rate is approximately 50-100 CHN --> 1 LTC right now depending on who's buying so a more realistic price is 240-480 LTC.

[Peleus]

Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

[237]

Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

Did you ever hear of the term "speculation"? Because that's going on with the new altcoins. People see how Feathercoin went up
and are hoping to see the same with CNC. So the price rises. simple as that.

Edit: I just sold 1k CNC for 20 LTC. so what he asks isn't that far off.

[mill0601]

Hmm but its not silly someone payed $1000 for an asic and then sell it for 50,000 very interesting logic

[perhan007]

Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

People are just gettin insane and they only see the $$$

Look, I was thinking the same and I mined 45.000 Feathercoins in the first few days with 12 mHash/s and I sold them a few days ago for about 1400 LTC. For me, it was a great deal as i cound never have mined as many LTC during such a periode but the price of the Feathercoins more than doubbled since than...

Some guys hope that this could repeat with this chinese-coin and are willing to pay much more than its worth now...

[hughperman]

Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

Someone might. And that's why the thread exists. Someone might think that they are buying a chance of selling for more "real" (valuable) money later, as happened with feathercoin when it took off like a rocket. There's no intrinsic value to these coins as there is nowhere (that I'm aware of) that provides the opportunity to buy goods with them. These people are selling hope and that's all. The early-adopter boom phase is being pushed and pushed, and if enough people are seen to be selling (new)coin for an amount of (old)coin, then a value is created, pushed by speculation, and will shoot up and then die a quick death.

Now that I'm done explaining things to people who know them already, back to my day. Which was made happier by making 1.5 BTC from a day's worth of mining feathercoin a week ago.

[mill0601]

difficulty just went up a lot get them while there cheap

[mill0601]

bump for lower price

[digitalindustry]

I think you are going to have to break that turd up a bit with a wire coat hanger...



Don't take that comment as negative from me - I'm a full supporter of all and any Cyrpto's if the market supports them and if they aren't full of Malware to spread Bots.

* I'm also not implying that CHN is effectively that, I'm saying the market will decide these things.


you will probably have to break up the units more for the market to accept it.

[TheSwede75]

Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

You aren't seriously using mining time as a value argument for a new coin right? Everyone knows it's just speculation.

[TheSwede75]

Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?

People are just gettin insane and they only see the $$$

Look, I was thinking the same and I mined 45.000 Feathercoins in the first few days with 12 mHash/s and I sold them a few days ago for about 1400 LTC. For me, it was a great deal as i cound never have mined as many LTC during such a periode but the price of the Feathercoins more than doubbled since than...

Some guys hope that this could repeat with this chinese-coin and are willing to pay much more than its worth now...

And if you would have sold 45k FTC now on BTC-E.com You would have made BTC292 !! Yeah, people are nuts.