[ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio

[AndronicusBass]

so the other (original) shitcoinCASH is being removed from exchanges due to low liquidity.
nice to know.

is this one worth mining yet

Hi, rgsnedds. Good to see you still around.

I guess that not yet, if you cannot hold for a while.

not worth mining (tm)

You're the OG LCC Troller, still around because you're intrigued.   C'mon you know you want to. one of us...one of us...one of us...one of us...
Like it or not, you are part of the LCC Community anyway. Always good to hear from you

yup. i'm only here to keep your thread alive. because your devs are doing such a shite job trying to keep your coin alive.

So you're with the dev's right now watching them work? A lot of news happening just now in discord in the general channel, come and see.  

sorry, i'm a bit busy working with a coin which has new tech, you know.. stuff that hasn't just been picked from other coins...
i'm currently mining a coin which gives me 3x the profit of anything else (3x equihash profit), why would i be interested in LCC - a clonecoin that's struggling to keep it's price up?

https://coinmarketcap.com/currencies/litecoin-cash/

0.17$ now. you backed the wrong horse.

Yes, you must be very busy indeed, don't let me keep you  

Mining profits now, doesn't mean a thing if you don't rely on it as a sole income. It's akin to saying that you stopped mining bitcoin back in the day because you found a coin that was giving you better returns in mining at the time, and it's happened to people.

Also, you haven't even seen the white paper for LCC yet which is imminent, so how would you know that it is just another clone coin? A clone is an exact copy so the mining algorithm, difficulty adjustment and supply should all be the samebut they're not. This can only mean one thing, your logic is (to the tune of Crystal Waters - 100% Pure Love) one-hun-dred-per-cent...in-cor-rekt.   Now show me some love 

There are many maxim's that successful people adhere to, however one notable maxim is 'taking the short term loss for the long term gain'

If you look at the updated time-line on https://litecoinca.sh, a lot will occur in the next 4-5 months and I'm sure you are aware, if you are an OG HODLer, that there is something called 'market cycles'

Answer me this, were you a naysayer of Bitcoin Cash? Someone else also said LCC was fake and was backing a real fake. The track record doesn't look too good now does it?  

[1714816661]

1714816661

[1714816661]

1714816661

[1714816661]

1714816661

[1714816661]

1714816661

[rgsnedds]

yeah, you do talk utter shite sometimes.

[AndronicusBass]

yeah, you do talk utter shite sometimes.

Thanks 

[pthrmsor]

Why isn't there market cap in the coinmarket cap?

[LitecoinCashOfficial]

Why isn't there market cap in the coinmarket cap?

Coinmarketcap evaluates the amount of claimed coins and decided to wait for a while until they update the coins in circulation.

[bitcoinlitcoinbtcltc]

Why isn't there market cap in the coinmarket cap?

Coinmarketcap evaluates the amount of claimed coins and decided to wait for a while until they update the coins in circulation.

Looks like wont be ever mate ur coin is dying even here nobody gives a fook.

[masternode]

I love that LCC is back to SHA256 algorithm that allows older ASICS to mine and Dark Gravity Wave that adjusts difficulty at every block to help reduce network preference for large scale miners or farms from dominating the chain. A major flaw with other coins that will help cause their demise is constantly evolving generations of ASICs, network difficulty gets worse and hardware to mine becomes more expensive to acquire and operate to the stage where the everyday person can't afford them but only large businesses and corporations with the adequate funding so it slowly regresses from Satoshi’s vision of peer-to-peer structure and back into a centralized structure where only the richest can mine.
Increasing difficulty trends is killing Peer-to-peer cryptocurrency, LCC is the cure, LCC is a crypto for everyone, Crypto never sleeps.
 

But doesn't returning to SHA256 also mean that it is prone to very strong centralization over time?

How so?

Aren't there huge ASIC farms that are able to mine SHA256 and they could take over control for LCC very quickly?

[rgsnedds]

I love that LCC is back to SHA256 algorithm that allows older ASICS to mine and Dark Gravity Wave that adjusts difficulty at every block to help reduce network preference for large scale miners or farms from dominating the chain. A major flaw with other coins that will help cause their demise is constantly evolving generations of ASICs, network difficulty gets worse and hardware to mine becomes more expensive to acquire and operate to the stage where the everyday person can't afford them but only large businesses and corporations with the adequate funding so it slowly regresses from Satoshi’s vision of peer-to-peer structure and back into a centralized structure where only the richest can mine.
Increasing difficulty trends is killing Peer-to-peer cryptocurrency, LCC is the cure, LCC is a crypto for everyone, Crypto never sleeps.
 

But doesn't returning to SHA256 also mean that it is prone to very strong centralization over time?

How so?

Aren't there huge ASIC farms that are able to mine SHA256 and they could take over control for LCC very quickly?

if i were to buy enough PSU's my garage would take over LCC.
just saying.

[Mousem40]

I love that LCC is back to SHA256 algorithm that allows older ASICS to mine and Dark Gravity Wave that adjusts difficulty at every block to help reduce network preference for large scale miners or farms from dominating the chain. A major flaw with other coins that will help cause their demise is constantly evolving generations of ASICs, network difficulty gets worse and hardware to mine becomes more expensive to acquire and operate to the stage where the everyday person can't afford them but only large businesses and corporations with the adequate funding so it slowly regresses from Satoshi’s vision of peer-to-peer structure and back into a centralized structure where only the richest can mine.
Increasing difficulty trends is killing Peer-to-peer cryptocurrency, LCC is the cure, LCC is a crypto for everyone, Crypto never sleeps.
 

But doesn't returning to SHA256 also mean that it is prone to very strong centralization over time?

How so?

Aren't there huge ASIC farms that are able to mine SHA256 and they could take over control for LCC very quickly?

if i were to buy enough PSU's my garage would take over LCC.
just saying.

You can't do much of anything by using PSU's. Just saying

[rgsnedds]

I love that LCC is back to SHA256 algorithm that allows older ASICS to mine and Dark Gravity Wave that adjusts difficulty at every block to help reduce network preference for large scale miners or farms from dominating the chain. A major flaw with other coins that will help cause their demise is constantly evolving generations of ASICs, network difficulty gets worse and hardware to mine becomes more expensive to acquire and operate to the stage where the everyday person can't afford them but only large businesses and corporations with the adequate funding so it slowly regresses from Satoshi’s vision of peer-to-peer structure and back into a centralized structure where only the richest can mine.
Increasing difficulty trends is killing Peer-to-peer cryptocurrency, LCC is the cure, LCC is a crypto for everyone, Crypto never sleeps.
 

But doesn't returning to SHA256 also mean that it is prone to very strong centralization over time?

How so?

Aren't there huge ASIC farms that are able to mine SHA256 and they could take over control for LCC very quickly?

if i were to buy enough PSU's my garage would take over LCC.
just saying.

You can't do much of anything by using PSU's. Just saying

my garage is a giant ASIC.

[doggcabconsper]

Good evening. What will happens to the tokens that werent sold on the ICO (in case there’re any)?

[Xandan]

This was failed fork of Litecoin seeing the used distribution formula can be easy to understand. Its current price are not even near that of 1/10 ratio keeping as base value. In next couple of days seeing the decrease can be said 1:100 will be easy so this is one of the reasons which make it failed even in early stages.

[hush]

Good evening. What will happens to the tokens that werent sold on the ICO (in case there’re any)?

Congratulation you got the jackpot now we a winner who could get all unsold tokens.
But unfortunately this is not ERC20 token that is why you miss the big chance. Please understand about this coin this is fork of LTC and there is no ICO.

[rgsnedds]

Good evening. What will happens to the tokens that werent sold on the ICO (in case there’re any)?

Congratulation you got the jackpot now we a winner who could get all unsold tokens.
But unfortunately this is not ERC20 token that is why you miss the big chance. Please understand about this coin this is fork of LTC and there is no ICO.

unlike an ICO where coins are distributed to the community, the entire premine of this coin was kept by the coin-makers.
such scam. wow. moon. when lambo?

[Totscha]

Good evening. What will happens to the tokens that werent sold on the ICO (in case there’re any)?

Congratulation you got the jackpot now we a winner who could get all unsold tokens.
But unfortunately this is not ERC20 token that is why you miss the big chance. Please understand about this coin this is fork of LTC and there is no ICO.

unlike an ICO where coins are distributed to the community, the entire premine of this coin was kept by the coin-makers.
such scam. wow. moon. when lambo?

While I don't like the premine of LCC as scammy as it is, most ICOs are much much worse.

They don't distribute coins to the community, they SELL them. 

[rgsnedds]

Good evening. What will happens to the tokens that werent sold on the ICO (in case there’re any)?

Congratulation you got the jackpot now we a winner who could get all unsold tokens.
But unfortunately this is not ERC20 token that is why you miss the big chance. Please understand about this coin this is fork of LTC and there is no ICO.

unlike an ICO where coins are distributed to the community, the entire premine of this coin was kept by the coin-makers.
such scam. wow. moon. when lambo?

While I don't like the premine of LCC as scammy as it is, most ICOs are much much worse.

They don't distribute coins to the community, they SELL them. 

well yes, i was using the term 'distribute' loosely.

[bitChipper]

This was failed fork of Litecoin seeing the used distribution formula can be easy to understand. Its current price are not even near that of 1/10 ratio keeping as base value. In next couple of days seeing the decrease can be said 1:100 will be easy so this is one of the reasons which make it failed even in early stages.

These ratios don't really keep, especially when most holders of the pre forked coin don't have any intention of holding...maybe with BTC it's different but for coins like ETH or LTC it's different. I wouldn't expect LCC to hold any kind of ratio to LTC, it will trade independently.

Wouldn't call this dead either, 15btc volume on mercatox and price going sideways.

Anyone have any good information about old bitmain asics performance? Would a couple s5's even be worth running on this?

[Dj77]

This was failed fork of Litecoin seeing the used distribution formula can be easy to understand. Its current price are not even near that of 1/10 ratio keeping as base value. In next couple of days seeing the decrease can be said 1:100 will be easy so this is one of the reasons which make it failed even in early stages.

Don't spread FUD

These ratios don't really keep, especially when most holders of the pre forked coin don't have any intention of holding...maybe with BTC it's different but for coins like ETH or LTC it's different. I wouldn't expect LCC to hold any kind of ratio to LTC, it will trade independently.

Wouldn't call this dead either, 15btc volume on mercatox and price going sideways.

Anyone have any good information about old bitmain asics performance? Would a couple s5's even be worth running on this?

Don't spread FUD!

[Mousem40]

36.9PH - a new low?

[fortunecrypto]

I know it too early, but I am wondering will they reach the same height, like litecoin reach I remember Litecoin was traded at $5 that was what I remember I will be worrying too much if I sell now and it reaches that level, so I prefer to keep my litecoincash for now.