Litecoin Cash Fork (is Sha-256) and old ASIC revival, questioning if worth it?

[Searing]

Anyone have any idea if drag'ing out the Swedish ASIC KNCminer 550gh sha-256  Jupiter is worth doing to mine Litecoin Cash on Feb 19th launch?

it will fork then, but will fork to sha-256...so unclear with change of protocol if difficulty will start from the floor again?

no idea or guess on this is even worth it...but than again after GARLICOIN last week...all things are possible (till they fork again)

let me know what folk think...worse that happens I break even on firing the old knc jupiters up for heat this winter and nostalgia for a few days/weeks for fun

and funny (likely worthless) litecoin cash FORK money


thoughts?

brad

pile in here...this may not make any sense, but looking for an excuse to put them back up and heat the basement, (if this all comes to naught)

also, any other equipment of a  Sha-256 nature, planning on piling on this? or just too silly?

[BenRickert]

Anyone have any idea if drag'ing out the Swedish ASIC KNCminer 550gh sha-256  Jupiter is worth doing to mine Litecoin Cash on Feb 19th launch?

it will fork then, but will fork to sha-256...so unclear with change of protocol if difficulty will start from the floor again?

no idea or guess on this is even worth it...but than again after GARLICOIN last week...all things are possible (till they fork again)

let me know what folk think...worse that happens I break even on firing the old knc jupiters up for heat this winter and nostalgia for a few days/weeks for fun

and funny (likely worthless) litecoin cash FORK money


thoughts?

brad

pile in here...this may not make any sense, but looking for an excuse to put them back up and heat the basement, (if this all comes to naught)

also, any other equipment of a  Sha-256 nature, planning on piling on this? or just too silly?

....and where can we mine it?

[BenRickert]

I pointed an S9 at it today. We’ll see how it goes...

[Searing]

Someone pointed a T9 at LCC and got like 2 LCC in 24 hours...so NOPE ...them KNC 550gh ASIC sha-256 miners from 2013 and at 750 watts ..sure are not worth putting up...

if something changes let me know...but not looking worth it ...(or much better with a T9) ...so less work for me....I have 440 LTC I will now ponder my naval and my 4,400 LCC hoard

(soon to be worth in total...$23.22 usd...if I am any judge of coin)

brad

[BenRickert]

Someone pointed a T9 at LCC and got like 2 LCC in 24 hours...so NOPE ...them KNC 550gh ASIC sha-256 miners from 2013 and at 750 watts ..sure are not worth putting up...

if something changes let me know...but not looking worth it ...(or much better with a T9) ...so less work for me....I have 440 LTC I will now ponder my naval and my 4,400 LCC hoard

(soon to be worth in total...$23.22 usd...if I am any judge of coin)

brad

24 Hours with an S9 pointed to LCC. Earned 8 LCC at $5.25. It's definitely worth it. Problem is the only exchange listing it now is YoBit. I don't trust them with anything. So I'll hold the coins until some more trustworthy exchange pick it up.

[ASIC Miners]

Someone pointed a T9 at LCC and got like 2 LCC in 24 hours...so NOPE ...them KNC 550gh ASIC sha-256 miners from 2013 and at 750 watts ..sure are not worth putting up...

if something changes let me know...but not looking worth it ...(or much better with a T9) ...so less work for me....I have 440 LTC I will now ponder my naval and my 4,400 LCC hoard

(soon to be worth in total...$23.22 usd...if I am any judge of coin)

brad

24 Hours with an S9 pointed to LCC. Earned 8 LCC at $5.25. It's definitely worth it. Problem is the only exchange listing it now is YoBit. I don't trust them with anything. So I'll hold the coins until some more trustworthy exchange pick it up.

But that's the thing, will exchanges even trust LCC since it has nothing to do with original LTC?

[BenRickert]

Someone pointed a T9 at LCC and got like 2 LCC in 24 hours...so NOPE ...them KNC 550gh ASIC sha-256 miners from 2013 and at 750 watts ..sure are not worth putting up...

if something changes let me know...but not looking worth it ...(or much better with a T9) ...so less work for me....I have 440 LTC I will now ponder my naval and my 4,400 LCC hoard

(soon to be worth in total...$23.22 usd...if I am any judge of coin)

brad

24 Hours with an S9 pointed to LCC. Earned 8 LCC at $5.25. It's definitely worth it. Problem is the only exchange listing it now is YoBit. I don't trust them with anything. So I'll hold the coins until some more trustworthy exchange pick it up.

But that's the thing, will exchanges even trust LCC since it has nothing to do with original LTC?

I don't think they are as concerned with the "trust" as they are with the volume. Once, "if" and "when" the LCC volume justifies it, they will list it. It's denominated in BTC so the transactions it can create through converting can become lucrative. It's very early on. Time will tell. For me my other S9's are earning around $12.00 p/d and the LCC S9 is at about $50.00. I think it's worth a try. Right now the daily trading volume is well above what most people seemed to expect. Keep ya posted. If anyone has anything good to say about YoBit, I'd love to hear it. Because so far all I've heard is that they are thieves and scammers.

[MarkAz]

I threw some of my BTC into LTC for the fork - why not, let's see what happens... The consensus is that it's a scam, but all they really were able to do is pre-allocate a bunch of LCC in their 'genesis' block - but that's worth nothing unless the coin gains some traction.  I think the idea of having an alternative coin that uses SHA256 and based off of LTC is interesting, and if they actually do some dev, then it might be helpful - when TX fees got super high, I used LTC to move funds around as it was much easier to quickly move in and out of things.

I will say this, their premise that this somehow gives new life to old SHA256 hardware is kind of a joke - assuming this does get traction and becomes more profitable, the mainstream miners will point their new rigs at it.  Your old S5 isn't going to somehow do better on this than on BTC - it will just amount to a larger percentage of the total hashrate, but on a coin with a radically lower valuation.

Right now it's all a bit of pipe dreams though - they've done the fork, the network is 'alive', and now we'll just see how many miners point their rigs over to it and support it. 

[BenRickert]

Current=174 PH/s. Not too shabby for a "scam". Unfortunately, you have to sync the whole LTC block chain to activate your wallet. 5 years of block chain history. Takes a while....

[Searing]

Current=174 PH/s. Not too shabby for a "scam". Unfortunately, you have to sync the whole LTC block chain to activate your wallet. 5 years of block chain history. Takes a while....

From what I was told an S9 does not really do well with LCC yet for output...thus and old knc neptune or 550gh Jupiter (at 10c kwh) probably does not cut it as well


just saying what I've been told.....so much for the 'revival' of OLD ASIC machines for making LCC

oh well, back to doorstops for the knc 550gh jupiters....

[MarkAz]

From what I was told an S9 does not really do well with LCC yet for output...thus and old knc neptune or 550gh Jupiter (at 10c kwh) probably does not cut it as well


just saying what I've been told.....so much for the 'revival' of OLD ASIC machines for making LCC

oh well, back to doorstops for the knc 550gh jupiters....

Don't forget that they've got that slow start in effect for the first couple weeks, so really there's no telling what it will be like until after then...  That's why at the moment it's probably not worth mining it.

[BenRickert]

I made 15 LCC in last 24 hours with 1 S9. LCC is $5.00 USD. Yeah....you're right...."not worth it" at all!! LMAO!!

[Searing]

I made 15 LCC in last 24 hours with 1 S9. LCC is $5.00 USD. Yeah....you're right...."not worth it" at all!! LMAO!!

well I'll have to tell my buddy he had an S9 and only made 4 LCC...or I suppose the difficulty has gotten easier or rewards etc maybe?

still my 550gh KNC Jupiter MIGHT under your senario be worth tossing up as a space heater...so unsure yet

not a big deal..got 440 LTC at the fork...that is 4,400 LCC...so yeah, sure, I hope LCC has 'legs'

I'll let it ride..but I ASSUME that when the other exchanges chime in the price will drop on such fluidness?

[BenRickert]

I made 15 LCC in last 24 hours with 1 S9. LCC is $5.00 USD. Yeah....you're right...."not worth it" at all!! LMAO!!

well I'll have to tell my buddy he had an S9 and only made 4 LCC...or I suppose the difficulty has gotten easier or rewards etc maybe?

still my 550gh KNC Jupiter MIGHT under your senario be worth tossing up as a space heater...so unsure yet

not a big deal..got 440 LTC at the fork...that is 4,400 LCC...so yeah, sure, I hope LCC has 'legs'

I'll let it ride..but I ASSUME that when the other exchanges chime in the price will drop on such fluidness?

Here's the catch. Yobit qoutes LCC around $7.00 today BUT they aren't giving wallet addresses to transfer in to trade. (temporarily disabled) RIIIGHT!Then I found this other exchange that lists it and they are trading it around $1.00!!! LMAO. So even though I am supposedly mining 13 LCC per day per S9, it's like kissing your sister. I CAN'T sell them. So I'll accumulate some and unplug until IF and WHEN legitimate exchanges pick it up. Right now, I admit it doesn't look too promising.

[Searing]

I made 15 LCC in last 24 hours with 1 S9. LCC is $5.00 USD. Yeah....you're right...."not worth it" at all!! LMAO!!

well I'll have to tell my buddy he had an S9 and only made 4 LCC...or I suppose the difficulty has gotten easier or rewards etc maybe?

still my 550gh KNC Jupiter MIGHT under your senario be worth tossing up as a space heater...so unsure yet

not a big deal..got 440 LTC at the fork...that is 4,400 LCC...so yeah, sure, I hope LCC has 'legs'

I'll let it ride..but I ASSUME that when the other exchanges chime in the price will drop on such fluidness?

Here's the catch. Yobit qoutes LCC around $7.00 today BUT they aren't giving wallet addresses to transfer in to trade. (temporarily disabled) RIIIGHT!Then I found this other exchange that lists it and they are trading it around $1.00!!! LMAO. So even though I am supposedly mining 13 LCC per day per S9, it's like kissing your sister. I CAN'T sell them. So I'll accumulate some and unplug until IF and WHEN legitimate exchanges pick it up. Right now, I admit it doesn't look too promising.

Ah...I see.... a tangled web, as they say...

IF LCC would have stuck to the same amount of coins in existence as LTC and still offered say coins to fork at a 10x or 5x per LTC...they would be in better shape...IMHO, but

10x the coins of LTC in lifetime..210,000,000 LCC coins total, well everyone (or at least me) it is kinda just: Meh! (er shrug?)

So, I shall sit on my 4,400 LCC 'supposed hoard' like my BCH/BCD/BCG and the rest of god knows other 'forked' coins I have ...attached like barnacles to my various many flavored 

blockchains and not sell any.....best to just let it ride IMHO (esp since on bitcoin talk I told everyone BCH would dump to 12c at launch) so, chump or champ on above ...letting them

ride...will do the same with LCC and any other 'forked' coins, that fall out of the sky in the future...you never know...crypto is 'odd', don't ya know...

[BenRickert]

I made 15 LCC in last 24 hours with 1 S9. LCC is $5.00 USD. Yeah....you're right...."not worth it" at all!! LMAO!!

well I'll have to tell my buddy he had an S9 and only made 4 LCC...or I suppose the difficulty has gotten easier or rewards etc maybe?

still my 550gh KNC Jupiter MIGHT under your senario be worth tossing up as a space heater...so unsure yet

not a big deal..got 440 LTC at the fork...that is 4,400 LCC...so yeah, sure, I hope LCC has 'legs'

I'll let it ride..but I ASSUME that when the other exchanges chime in the price will drop on such fluidness?

Here's the catch. Yobit qoutes LCC around $7.00 today BUT they aren't giving wallet addresses to transfer in to trade. (temporarily disabled) RIIIGHT!Then I found this other exchange that lists it and they are trading it around $1.00!!! LMAO. So even though I am supposedly mining 13 LCC per day per S9, it's like kissing your sister. I CAN'T sell them. So I'll accumulate some and unplug until IF and WHEN legitimate exchanges pick it up. Right now, I admit it doesn't look too promising.

Ah...I see.... a tangled web, as they say...

IF LCC would have stuck to the same amount of coins in existence as LTC and still offered say coins to fork at a 10x or 5x per LTC...they would be in better shape...IMHO, but

10x the coins of LTC in lifetime..210,000,000 LCC coins total, well everyone (or at least me) it is kinda just: Meh! (er shrug?)

So, I shall sit on my 4,400 LCC 'supposed hoard' like my BCH/BCD/BCG and the rest of god knows other 'forked' coins I have ...attached like barnacles to my various many flavored 

blockchains and not sell any.....best to just let it ride IMHO (esp since on bitcoin talk I told everyone BCH would dump to 12c at launch) so, chump or champ on above ...letting them

ride...will do the same with LCC and any other 'forked' coins, that fall out of the sky in the future...you never know...crypto is 'odd', don't ya know...

HAHA! Well said my friend. I pulled my hashing off the LCC. The pool was very good, but frankly, the whole thing has a very sketchy feel to it. Exchanges that show massive trading volume, but oddly they don't let you transfer LCC in and out??? What the Hell are those cats trading?? Yobit is sketchy as F%&K!! Anyway, I'll keep an open mind and an open eye. But for now, not wasting time and energy on it.

[QuintLeo]

This coin makes ZERO sense, why would they move BACKWARDS on algorithm?