Litecoin Difficulty jump

[BenRickert]

.....and yet I am completing purchases and transactions with LTC with ease. I'm not sure where this "coin fandom" comes from or why people think there is only going to be one Crypto currency. I assure you, there will be many. All with different Niches to fill. Until they are ferretted out and identified, we all can benefit by supporting their eco systems through mining and rewards. It's not likely an accident that LTC is the highest mining profitability of all coins currently. Apparently there are a large number of participants that see a unique utility in it. After all, it is the one that has successfully engaged Segwit. BTC, not so much. I have no doubt it will, but truth is, LTC already did. Without any issues.

Well let's say, litecoin is still trading, getting pumped and dumped like any other coin, so is pretty much alive. I would never invest on LTC but that is me, and as long bitcoin is around, ltc will stay very much alive and with believers. The problem will be if bitcoin dies if it will ever die then ltc and all old coins will die too. I still think as technology advances, the market need new coins to cope with them, sha256 will likely be cracked if it wasn't yet, so is a matter of time. if bitcoin is to survive, it will have to change its algorithm, the question is, is even possible for bitcoin to change it? See that is the problem.

Too much money invested by the asic company and mining farms that control bitcoin to allow an algo change.

Someone briefly mentioned an algo change a while back in core devs I believe and it wasn't even a serious comment mind you.  Some big money guy that runs asic mining company or something started foaming at the mouth like a rabid dog that needed to be put down.  He started screaming at everyone, tweeting like a pissed off Trump and threatening people with lawsuits.[/font][/font]

That's awesome! LOL!!

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[Ayers]

Yeah the ltc miners are very lucky, cause once it settles it never jumps again. Now for eth is different, it jumps every day and forever as long as stays pow hehe

that because they planned to activate pos at some point, and there is a difficulty boom now, which rise regardless of the hashrate, litecoin is dominant by asic, it's normal that the diff jump very high, and with the new l3 and l3+ it rise even faster, but no complain i don't like litecoin and i don't own any, i just ignore it altogether

[QuintLeo]

Yeah the ltc miners are very lucky, cause once it settles it never jumps again. Now for eth is different, it jumps every day and forever as long as stays pow hehe

that because they planned to activate pos at some point, and there is a difficulty boom now, which rise regardless of the hashrate, litecoin is dominant by asic, it's normal that the diff jump very high, and with the new l3 and l3+ it rise even faster, but no complain i don't like litecoin and i don't own any, i just ignore it altogether

 Scrypt (Litecoin) only sees significant difficulty jumps the last few months when Bitmain starts shipping a new batch of the L3+

 Innosilicon is still selling the A4 (and they just had to order chips for a new batch) but they're still WAY high on the pricing for the performance so I suspect their A4 sales are a LOT lower.


 The reason difficulty was FLAT for ballpark a year was that NOBODY was making new Scrypt miners at all for a long time - Innosilicon had closed out it's last stock of A2 chips and had a long gestation period on the A4, and Bitmain apparently wasn't interested 'till Litecoin price started climbing noticeably due to the Segwit adoption threshold getting very close for a while.

 Litecoin price is proving quite a bit more resiliant than most altcoins have been the last 2 weeks - it's even gained a little vs Bitcoin over that period. If it SAYS in the $40+ range, it might end up being the most profitable coin to mine pretty soon now, despite L3+ deployment in bulk batches.