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Author Topic: [EAM] Attention!! All LTC miners, please switch over to alt coins for now...  (Read 1647 times)
Number6
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May 10, 2013, 12:27:37 AM
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[Beep] This is a EAM (Emergency Action Message) from the Cryptocoin Stabilization Administration [Beep]

It was nice seeing the LTC difficulty go down those few days when everyone was mining alts like crazy, Please, for the sake of the community, switch your miners back to the alts (FTC, CNC, Junk, Royal, etc.) for the next few days so LTC can stabilize again. Myself and your fellow miners thank you in advance for your cooperation. Smiley

We now return you to your regularly scheduled trolling programming. [Beep]

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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GSnak
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May 10, 2013, 12:29:47 AM
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Quote
Network Hash Rate   20,175,993 kH/s
Expected Time per Block   1 min 40 sec
Current Block   349,869
Current Difficulty   469.79810143
Next Difficulty Estimate   630.39471736
Time to Retarget   1 days 01 hours

Yeah we're screwed... until the people with high energy costs start to drop off. Time to repay mining investment was about 3-4 months before the bubble, it'll return to that.
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May 10, 2013, 12:30:29 AM
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Don't mine BitBars! Let the current miners fill their goldbags.

Speculating..
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May 10, 2013, 12:33:24 AM
 #4

I won't.
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May 10, 2013, 12:35:02 AM
 #5

Next difficulty, 629. Not good.

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Donate LTC: LRgbgTa3XNQSEUhnwC6Ye2vjiCV2CNRpib
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May 10, 2013, 12:45:02 AM
 #6

LTC is where the funs at
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May 10, 2013, 12:45:41 AM
 #7

I'm still mining royalcoin

BrewCrewFan
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May 10, 2013, 12:48:41 AM
 #8

All sarcasm aside... now you understand why alt coins are needed? Can you just imagine how much I could mine in the LTC chain with some good old 660Ti's?

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May 10, 2013, 12:50:24 AM
 #9

[Beep] This is a EAM (Emergency Action Message) from the Cryptocoin Stabilization Administration [Beep]

It was nice seeing the LTC difficulty go down those few days when everyone was mining alts like crazy, Please, for the sake of the community, switch your miners back to the alts (FTC, CNC, Junk, Royal, etc.) for the next few days so LTC can stabilize again. Myself and your fellow miners thank you in advance for your cooperation. Smiley

We now return you to your regularly scheduled trolling programming. [Beep]

Guys, LTC IS an alt...

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May 10, 2013, 12:51:33 AM
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I'm still mining royalcoin

Someone who gets it. Thanks Hazard, you are doing the community a great service!!!

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
Number6
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May 10, 2013, 12:53:03 AM
 #11

[Beep] This is a EAM (Emergency Action Message) from the Cryptocoin Stabilization Administration [Beep]

It was nice seeing the LTC difficulty go down those few days when everyone was mining alts like crazy, Please, for the sake of the community, switch your miners back to the alts (FTC, CNC, Junk, Royal, etc.) for the next few days so LTC can stabilize again. Myself and your fellow miners thank you in advance for your cooperation. Smiley

We now return you to your regularly scheduled trolling programming. [Beep]

Guys, LTC IS an alt...

Very Clever!  Yeah, move along now, nothing to see here, LTC is just an alt, please move along now. Smiley

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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May 10, 2013, 12:55:41 AM
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Im still solo mining CHN. It's been 5 days since my last block. I hope I can make my ROI with this coin Sad  Using all old p4 cpu's as well.
Number6
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May 10, 2013, 12:57:37 AM
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Im still solo mining CHN. It's been 5 days since my last block. I hope I can make my ROI with this coin Sad  Using all old p4 cpu's as well.

Godspeed to you mullick. Your selfless deeds shall forever be recorded in the halls of Alergoth!

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
Number6
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May 10, 2013, 12:59:57 AM
 #14

For a change, I'm mining Small Change now!  Cheesy

Now you're talking! To Small Change everyone! Quick, before it's too late!!!!

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
SR20DEN
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May 10, 2013, 01:10:15 AM
 #15

Yes the alt-coins certainly dilute the mining base but do they not also dilute the price of the useful coins? For most of this year I have mined other coins, and have profited nicely from them, but now it seems almost pointless because of the rate at which new ones are being released. If you don't get in on the correct new coin within the first few hours you'll end up not profiting anymore than if you had mined one of the major coins.
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May 10, 2013, 01:13:53 AM
 #16

Good call.  I have switched back to mining JNK.  I like the developer he seems like an honest guy who has not squandered the reserve and is looking out for the best interests of the coin
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May 10, 2013, 01:15:09 AM
 #17

Yes the alt-coins certainly dilute the mining base but do they not also dilute the price of the useful coins? For most of this year I have mined other coins, and have profited nicely from them, but now it seems almost pointless because of the rate at which new ones are being released. If you don't get in on the correct new coin within the first few hours you'll end up not profiting anymore than if you had mined one of the major coins.

I sense within you a great understanding of the force, SR20DEN. With great wisdom, comes great responsibility. Please use it wisely my young Padawan.

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
Number6
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May 10, 2013, 01:16:32 AM
 #18

Good call.  I have switched back to mining JNK.  I like the developer he seems like an honest guy who has not squandered the reserve and is looking out for the best interests of the coin

I have a hunch your uncanny instincts will reward you handsomely fenican! Carry on my good son, carry on!

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
GSnak
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May 10, 2013, 01:18:17 AM
 #19

Number6 is performing a valuable service to the Litecoin mining community.
Number6
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May 10, 2013, 01:22:40 AM
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Number6 is performing a valuable service to the Litecoin mining community.

You humble me with your flattery! But I must be careful to not indulge in undeserved gratitude, for I am only a lost soul attempting to seek enlightenment, and perhaps help a few other lost souls along the way.

BTC:   18jdvLeM6r943eUY4DEC5B9cQZPuDyg4Zn     LTC:   LeBh9akQ3RwxwpUU6pJQ9YGs9PrC1Zc9BK
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