[ANN][LTCU] LiteCoinUltra |5% PREMINE ONLY|COINMARKETCAP|CRYPTOPIA| JOIN NOW!

[jravago]

Anyone mined from the Miningpool and got coin ?

Going to stop mining this now as a waste of cycles.

Again.. please check the difficilty and check the pool (and yourself) hashrates.
Last block found more than 24h ago now.
Need more hash to hit a block.

Is definitively cheaper to buy than to mine LCTU.
Regards!

The dev is right. Its like mining bitcoin solo with Antminer S9. It will take a while to find blocks.

[fl32biz]

I'm starting a campaign on twitter (I'm https://twitter.com/FLucante)

[Samthehero]

A few blocks found a few min ago.

[Mindin]

Anyone mined from the Miningpool and got coin ?

Going to stop mining this now as a waste of cycles.

Again.. please check the difficilty and check the pool (and yourself) hashrates.
Last block found more than 24h ago now.
Need more hash to hit a block.

Is definitively cheaper to buy than to mine LCTU.
Regards!

Bitcoin I believe also was cheaper to buy than to mine at it's early stages, and look at it now. These dips are just a huge buying opportunity. Buy cheap now and watch it rise over the coming weekend.

[anarchyx914]

One of the problem with low block reward and low value POW Coins is that the mining dies off, and the block chain stalls (look at EQT, OTX -- both completely POW coins whos blockchains stalled for weeks).

The solution is switching to a rewarding Pow/Pos hybrid model and/or masternode setup (your current model rewards pos blocks at 0.00000001 LTCU -- hardly an incentive for holding and staking your coins). This solution would likely require a blockchain swap as its difficult to just fork in a masternode setup.

This block-chain is eventually going to grind to a complete halt and be very difficult to foster mining support for if the price does not go up.

[bek77]

why this coin goes down?

[bgm]

One of the problem with low block reward and low value POW Coins is that the mining dies off, and the block chain stalls (look at EQT, OTX -- both completely POW coins whos blockchains stalled for weeks).

The solution is switching to a rewarding Pow/Pos hybrid model and/or masternode setup (your current model rewards pos blocks at 0.00000001 LTCU -- hardly an incentive for holding and staking your coins). This solution would likely require a blockchain swap as its difficult to just fork in a masternode setup.

This block-chain is eventually going to grind to a complete halt and be very difficult to foster mining support for if the price does not go up.

POS doesn't officially start until block 200,000. At that point the reward will be 10 percent. So that is where the incentive would be. Yes we do stake now but it is just dust till 200k

[cool4y]

it's scam, the one of the hundreds useless coins. Congrats to those who bought at 6-7k sats, now it's 1k and going to zero. The dev took his profit and now will run away

[darkly spectre]

It's dead dave. the only way to save this coin is if somebody else takes over since its obvious the dev knows jackshit.

[anarchyx914]

One of the problem with low block reward and low value POW Coins is that the mining dies off, and the block chain stalls (look at EQT, OTX -- both completely POW coins whos blockchains stalled for weeks).

The solution is switching to a rewarding Pow/Pos hybrid model and/or masternode setup (your current model rewards pos blocks at 0.00000001 LTCU -- hardly an incentive for holding and staking your coins). This solution would likely require a blockchain swap as its difficult to just fork in a masternode setup.

This block-chain is eventually going to grind to a complete halt and be very difficult to foster mining support for if the price does not go up.

POS doesn't officially start until block 200,000. At that point the reward will be 10 percent. So that is where the incentive would be. Yes we do stake now but it is just dust till 200k

Correct. I realize this. When you do the math, that is 138 days assuming a block is found every minute.. Right now there are sometimes 2 blocks found an hour, other times we go 3-5 hours without a block. Could be years until you reach block 200,000 and the question is will POW Sustain years when there are much more profitable coins to mine right now that are scrypt based.

[darkly spectre]

One of the problem with low block reward and low value POW Coins is that the mining dies off, and the block chain stalls (look at EQT, OTX -- both completely POW coins whos blockchains stalled for weeks).

The solution is switching to a rewarding Pow/Pos hybrid model and/or masternode setup (your current model rewards pos blocks at 0.00000001 LTCU -- hardly an incentive for holding and staking your coins). This solution would likely require a blockchain swap as its difficult to just fork in a masternode setup.

This block-chain is eventually going to grind to a complete halt and be very difficult to foster mining support for if the price does not go up.

POS doesn't officially start until block 200,000. At that point the reward will be 10 percent. So that is where the incentive would be. Yes we do stake now but it is just dust till 200k

Correct. I realize this. When you do the math, that is 138 days assuming a block is found every minute.. Right now there are sometimes 2 blocks found an hour, other times we go 3-5 hours without a block. Could be years until you reach block 200,000 and the question is will POW Sustain years when there are much more profitable coins to mine right now that are scrypt based.

yeah no way in hell that block 200.000 is ever going to be reached at this rate. I wouldn't be surprised if we will go days without a block being solved.

[fl32biz]

Dev ? please update your website

[darkly spectre]

it's scam, the one of the hundreds useless coins. Congrats to those who bought at 6-7k sats, now it's 1k and going to zero. The dev took his profit and now will run away

Not really. looking at the top owners there is one account with EXACTLY 500.000 coins. so that should technically be the dev

[jravago]

it's scam, the one of the hundreds useless coins. Congrats to those who bought at 6-7k sats, now it's 1k and going to zero. The dev took his profit and now will run away

Not really. looking at the top owners there is one account with EXACTLY 500.000 coins. so that should technically be the dev

The first top 2 was the pre-mine and had at least 3.5m LTCU and now only half of each top 2 address. so they unload at least 4m coins.

[fl32biz]

what is the future of this coin?

[cobra2014]

it's scam, the one of the hundreds useless coins. Congrats to those who bought at 6-7k sats, now it's 1k and going to zero. The dev took his profit and now will run away

Not really. looking at the top owners there is one account with EXACTLY 500.000 coins. so that should technically be the dev

The first top 2 was the pre-mine and had at least 3.5m LTCU and now only half of each top 2 address. so they unload at least 4m coins.

Dev has been very transparent with the spendings.  What was sold was used to get it listed on other exchanges like yobit and other work to build a solid coin.  This is definitely no scam and great support, issues are resolved quickly.  Due to the big action on this coin, the value temporarily jumped up, causing the hash rate to sky rocket.  Too many people sold their coins way too cheaply, but that's a good sign as it is getting distributed to a larger audience.  The difficulty in mining hasn't fully stabilized and is in the process of coming down to a reasonable level where blocks are targeted to be solved every 5 minutes.  I think difficulty re-target should be much lower so it recovers quickly and is more dynamic.  Those multi pools out there will send a ton of hash rate very quickly once difficulty is low and becomes profitable to mine, but in doing so, difficultly jumps up and the multipool leaves, leaving it to only the much slower dedicated miners to solve the huge difficulty and wait for it to come down to a level where it can be solved easily, rinse and repeat..  This is like most coins anyway so we'll have to deal with it, it doesn't make this coin a scam, it's a technical issue, not a political one.

[kamarul.jutawan]

need better pool. i dont like those pools listed, always get less than what we should

[TheMiningPool.mine]

Hi guys

Dev is here.
Just busy working on some way to make this grow!

Working on online wallet and android wallet now and with some markteing strategies too

I know LTCU is not death. You will see soon!

[cola-jere]

One of the problem with low block reward and low value POW Coins is that the mining dies off, and the block chain stalls (look at EQT, OTX -- both completely POW coins whos blockchains stalled for weeks).

The solution is switching to a rewarding Pow/Pos hybrid model and/or masternode setup (your current model rewards pos blocks at 0.00000001 LTCU -- hardly an incentive for holding and staking your coins). This solution would likely require a blockchain swap as its difficult to just fork in a masternode setup.

This block-chain is eventually going to grind to a complete halt and be very difficult to foster mining support for if the price does not go up.

POS doesn't officially start until block 200,000. At that point the reward will be 10 percent. So that is where the incentive would be. Yes we do stake now but it is just dust till 200k

Correct. I realize this. When you do the math, that is 138 days assuming a block is found every minute.. Right now there are sometimes 2 blocks found an hour, other times we go 3-5 hours without a block. Could be years until you reach block 200,000 and the question is will POW Sustain years when there are much more profitable coins to mine right now that are scrypt based.

yeah no way in hell that block 200.000 is ever going to be reached at this rate. I wouldn't be surprised if we will go days without a block being solved.

I agree with the comments above. I would have wanted to continue staking with the airdropped coins but the reward is too low. If the blockchain swap is possible to immediately start hybrid PoW/PoS + Masternode then this coin will go a long way.

I hope there will be "incentive" for the first 100 LTCU who were part of the first airdrop that HODLed and believed in the project if this will be swapped to support Masternode. (1 Masternode if the coins not touched or did not sell)


Good to know that OP/Dev is active as well.

[bek77]

how does the price continue to go down?