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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1258980 times)
vitocorp
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August 09, 2017, 08:34:56 PM
 #3861

The price of litecoin continues to hover near all-time highs, even as the technical advances that sparked its revival are being added to other platforms.

Just a day after miners on the bitcoin protocol effectively agreed to upgrade their software to support a code change called Segregated Witness (SegWit), litecoin is trading at roughly $48, according to data from CoinMarketCap. The relative stability is notable given litecoin's price boomed on the news it would adopt the change, one originally designed to redefine and increase capacity on bitcoin.

https://www.coindesk.com/litecoin-prices-hold-steady-near-50-bitcoin-locks-segwit/

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patriziobtc
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August 10, 2017, 09:55:12 PM
 #3862

Litcoin should be at 500 $ but for some reason still at 45 $ , hope for next year we will see some good movement,

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August 10, 2017, 11:20:38 PM
 #3863

Litcoin should be at 500 $ but for some reason still at 45 $ , hope for next year we will see some good movement,
I can sense that bull market is coming. Litecoin will be pumped anytime soon now. Just have to be patience and help spread the word about litecoin on your social medias.





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August 11, 2017, 11:09:20 AM
 #3864






jaidison won big at LuckyGames dice today. 12 LTC



there's $500 right there. congrats jaid

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August 11, 2017, 10:15:12 PM
 #3865

litecoin at 0.0129 how could be possible? lost almost 8 btc........ Cry

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August 12, 2017, 06:51:04 AM
 #3866

Guys whats comission is OK for litecoin to transfer?
Whatever i choose it says within 25 blocks.Does it matter ?

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August 12, 2017, 08:08:16 AM
 #3867

Guys whats comission is OK for litecoin to transfer?
Whatever i choose it says within 25 blocks.Does it matter ?

Do you mean transaction fee?



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huanglui
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August 12, 2017, 12:06:37 PM
 #3868

Guys whats comission is OK for litecoin to transfer?
Whatever i choose it says within 25 blocks.Does it matter ?

Do you mean transaction fee?



will LTC hits 30$ ?  and what's the reason?
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August 12, 2017, 01:32:28 PM
 #3869

I agree. Litecoin is getting stronger for now. The time will come to be even better Cool

Exactly this is my thinking too. People are too busy with other markets to make quick bucks and are not paying attention how LTC is being accumulated and then suddenly it will start running without letting big margin for day traders with other markets. We may expect easy 40% to 50% increase in short term.

I'm hoping it will, I have a lot of regrets not holding litecoin had hundreds of litecoin in the past now I only have 50 litecoin left now I'm a believer and will never sell it again, now that's gaining ground.

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August 12, 2017, 03:12:16 PM
 #3870

Go < 0.012 Cool

Не променяйте океан на лужи.
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August 12, 2017, 04:59:12 PM
 #3871

Thank you, very kind of you Smiley
Сould you next time squeeze below 0.0112?

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August 13, 2017, 03:08:24 PM
 #3872

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back Smiley. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?
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August 13, 2017, 03:20:37 PM
 #3873

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back Smiley. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?

Let me correct that for you. Ethereum's hashing power is a little bit lower than Litecoin's. The reason for that is that Litecoin uses Scrypt algorithm, which isn't the same as ETH (which uses Keccak or SHA3 and the POW is Ethash). To put things into a little perspective: Litecoin's Scrypt algorithm is about 1000X more difficult to do (more memory intensive) than SHA256D; the Bitcoin POW. So basically 1TH of Bitcoin mining will only translate to about 1Ghz of Litecoin mining within the same chip power.

If you would like to test it out yourself, I suggest you take your Ethereum Mining rig and try to get it to mine some Litecoins. You will understand my point very quickly since your GPUs will literally be mining dust if you try to mine Litecoin with it.

I suspect the reason why no one has answered you is because this is actually pretty common knowledge and they have far better things to do than me
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August 13, 2017, 04:20:31 PM
 #3874

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back Smiley. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?

Let me correct that for you. Ethereum's hashing power is a little bit lower than Litecoin's. The reason for that is that Litecoin uses Scrypt algorithm, which isn't the same as ETH (which uses Keccak or SHA3 and the POW is Ethash). To put things into a little perspective: Litecoin's Scrypt algorithm is about 1000X more difficult to do (more memory intensive) than SHA256D; the Bitcoin POW. So basically 1TH of Bitcoin mining will only translate to about 1Ghz of Litecoin mining within the same chip power.

If you would like to test it out yourself, I suggest you take your Ethereum Mining rig and try to get it to mine some Litecoins. You will understand my point very quickly since your GPUs will literally be mining dust if you try to mine Litecoin with it.

I suspect the reason why no one has answered you is because this is actually pretty common knowledge and they have far better things to do than me

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?
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August 13, 2017, 05:14:25 PM
 #3875



thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.
_Ini_
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August 13, 2017, 05:16:19 PM
 #3876



thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?
jtalk
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August 13, 2017, 05:20:33 PM
 #3877

Also I succeeded to raise the number of Litecoins in my basket. It was nice but totally unexpected how people deal with precious coins. Litecoin's rally will start once we see some stability in Bitcoin. Alos so many things like lightening network is coming of which these two will be benefited. My focus is shifted to Litecoin from other tokens in preparation to long run.

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Thetaj
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August 13, 2017, 05:38:29 PM
 #3878




You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

Its ok, we were all noobs once. Do some research in the language you prefer. Litecoin mining is pretty much the same as Bitcoin mining now
Mr Frog
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August 13, 2017, 08:12:12 PM
 #3879



thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

L3+ Antminer ASIC chip
https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm

I did not post this message, The Russians did it !
_Ini_
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August 14, 2017, 12:16:02 AM
 #3880



thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

L3+ Antminer ASIC chip
https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm

thx
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