Litecoin profitablity/difficulty

[mufa23]

Kind of surprised the price hasn't shot up much even though the difficulty is quickly climbing. If it stays like this, it won't be long until it's not profitable. Do you guys think we'll be seeing $6+ pretty soon?

[p00chie]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

[cryptrol]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

AFAIK, yac doesn't have any improvements or significant innovation over the current well established cryptocoins. It's just using a different hashing algorithm which (for now) is resistant to GPU and ASIC hashing.

[Remember remember the 5th of November]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

And why would YAC be special?

[p00chie]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

And why would YAC be special?

as long as its not possible to mine with gpu it is something different because not everyone has a botnet or is hosting amazon servers.
so it is different to ltc in a simple way but at least it is something. take all other scrypt coins. they are allways the same except for block rewards und time between blocks.

[maxsolnc]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

And why would YAC be special?

as long as its not possible to mine with gpu it is something different because not everyone has a botnet or is hosting amazon servers.
so it is different to ltc in a simple way but at least it is something. take all other scrypt coins. they are allways the same except for block rewards und time between blocks.

And also it is very fast. If it is introduced on multiple exchanges, you can use it for arbitration very effectively.

[Wilderness]

I hope so, I have noticed the same thing it feels like profitability for any mining is getting squeezed out.

Is this a regular trend / cycle that mining goes through? Could it be attributed to all the new alt coins or even the fabled asics?

[cryptrol]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

And why would YAC be special?

as long as its not possible to mine with gpu it is something different because not everyone has a botnet or is hosting amazon servers.
so it is different to ltc in a simple way but at least it is something. take all other scrypt coins. they are allways the same except for block rewards und time between blocks.

It's only a matter of time for this coin to be mined with GPU's. I can't see a reason not to mine this coin with GPU other than that no one has developed the software to do it. Or should I say RELEASED ?

[GSnak]

nope, because all those other crapcoins hold the 'value' of LTC down. except for other settings these coins are just copycats. maybe except YAC.

They also hold the hashrate down. If the people mining junkalts moved to LTC the diff would probably be over 800. As it is it's going up in 24 hours.