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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1464918 times)
technerd
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January 25, 2018, 01:45:20 AM
 #5341

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

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Whoever mines the block which ends up containing your transaction will get its fee.
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JetSet11
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January 25, 2018, 02:30:05 AM
 #5342

After some thinking, I think that Charles Lee decided to sell his coins due to conflicts with LTC and his ownership of Coinbase. Due to regulations and legal concerns, he most likely had to choose one over the other. I suppose that he chose Coinbase over LTC as a long term project.

He may still believe in LTC, but perhaps this was how he would get the most value out of both projects. I still think that LTC is a great coin, and I'm coming back around to the idea that it has a good future.

Tak2020
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January 25, 2018, 09:20:27 AM
 #5343

After some thinking, I think that Charles Lee decided to sell his coins due to conflicts with LTC and his ownership of Coinbase. Due to regulations and legal concerns, he most likely had to choose one over the other. I suppose that he chose Coinbase over LTC as a long term project.

He may still believe in LTC, but perhaps this was how he would get the most value out of both projects. I still think that LTC is a great coin, and I'm coming back around to the idea that it has a good future.
No he just made millions in real money by selling you monopoly money on top of the market .  "Investors " dreaming about $300 price but soon you will ask yourself "why didn't sold for $180"
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January 25, 2018, 09:32:47 AM
 #5344

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

No. Buying mining contracts (cloud mining) was never profitable. It has the same price/difficulty risks as mining with your own hardware. Plus you cannot sell the hardware if you want to get out.
saif.shaikha
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January 25, 2018, 09:35:35 AM
 #5345

Is there any scope for Litecoin left now, given that its creator has dumped all his holdings. The reasons for selling do not matter as much as the confidence lost in LTC because of this action. I was very hopeful of the Lightening Network proposal which would have boosted value of LTC significantly. LTC had good future but now all seems to have been lost, will the it bounce back in 2018 or die a slow death?

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January 25, 2018, 09:49:16 AM
 #5346

Is there any scope for Litecoin left now, given that its creator has dumped all his holdings. The reasons for selling do not matter as much as the confidence lost in LTC because of this action. I was very hopeful of the Lightening Network proposal which would have boosted value of LTC significantly. LTC had good future but now all seems to have been lost, will the it bounce back in 2018 or die a slow death?
Check ( zoom in) December 2013 -2014 chart to answer your question
emmawill
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January 25, 2018, 10:06:35 AM
 #5347

Great!!!
It is a new improvement, better than other currencies.
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January 25, 2018, 01:18:20 PM
 #5348

BTC was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town.
Litecoin followed in 2011.
Created by Charles Lee, an engineer who later helped build Coinbase, the leading cryptocurrency exchange, Litecoin is based on the same code as Bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process.  
Litecoin offers its own advantages. Its creator is a known and active entity in the cryptocurrency community.
It has a capacity for faster transactions -- a potential advantage in and of itself, which also provides for a different set of use cases than Bitcoin. And it still offers the potential for profitable mining, unlike Bitcoin.
fapnnap
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January 25, 2018, 02:10:56 PM
 #5349

the price has gone down alot bleh
Spaniarder
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January 25, 2018, 02:31:51 PM
 #5350

BTC was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town.
Litecoin followed in 2011.
Created by Charles Lee, an engineer who later helped build Coinbase, the leading cryptocurrency exchange, Litecoin is based on the same code as Bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process.  
Litecoin offers its own advantages. Its creator is a known and active entity in the cryptocurrency community.
It has a capacity for faster transactions -- a potential advantage in and of itself, which also provides for a different set of use cases than Bitcoin. And it still offers the potential for profitable mining, unlike Bitcoin.
Yeah LTC is more than undervalued and I hold it not only  for sentimental reasons. But what rank did he get from Weiss ratings?
technerd
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January 25, 2018, 02:34:38 PM
 #5351

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

No. Buying mining contracts (cloud mining) was never profitable. It has the same price/difficulty risks as mining with your own hardware. Plus you cannot sell the hardware if you want to get out.

I see. Thanks. So, it seems the best way/only way to get LTC now is by buying. Is that right?

Totscha
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January 25, 2018, 03:36:01 PM
 #5352

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

No. Buying mining contracts (cloud mining) was never profitable. It has the same price/difficulty risks as mining with your own hardware. Plus you cannot sell the hardware if you want to get out.

I see. Thanks. So, it seems the best way/only way to get LTC now is by buying. Is that right?

If mining with your own hardware is not an option, buying is the only way to get them, yes.
Ruubs
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January 25, 2018, 04:16:53 PM
 #5353

hope this will push up the price a bit...

https://blog.zebpay.com/introducing-litecoin-on-zebpay-83beb41e291f
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January 25, 2018, 04:41:31 PM
 #5354

LTC is surging very high in Koinex exchange in India since 6 P.M.. but I have not seen the same surge in any other exchanges so far, guys any idea?
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BITCOIN===>THE DISRUPTIVE CYBERCURRENCY


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January 25, 2018, 04:58:09 PM
 #5355

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

No. Buying mining contracts (cloud mining) was never profitable. It has the same price/difficulty risks as mining with your own hardware. Plus you cannot sell the hardware if you want to get out.

i imagined cloud mining back in 2013 ~ running it on university computers Wink TEKcoin code is forked from LTC and you could in theory mine with cloud servers becuase low diff ~also via staking mechanism and make alot of coins :-D hope this helps ===>

https://yobit.net/en/trade/TEK/BTC

I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! Wink weee™
Bitman78
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January 25, 2018, 05:32:47 PM
 #5356

I am a strong believer in litecoin and it will rise significantly there will be new news coming in the next few days or so don't say I haven't warned you all don't sell Hodl for now and you will reap awards
Krezz2017
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January 25, 2018, 05:43:35 PM
 #5357

I am a strong believer in litecoin and it will rise significantly there will be new news coming in the next few days or so don't say I haven't warned you all don't sell Hodl for now and you will reap awards
And where such awareness? Or is it just blind faith on anything not grounded? For example, I bought it for the purpose of selling more expensive, and it fell even lower, therefore, there is a certain doubt in your words.

OneFear
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January 25, 2018, 05:45:27 PM
 #5358

the price has gone down alot bleh

Compared to the BTC price it was pretty steady if you look in the statistics. It's just the BTC price was pretty high, and when it went down other altcoins will fall too (btc amount will be stable) just the worth of it in $/€ will fall.

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January 25, 2018, 05:49:27 PM
 #5359

https://bitcointalk.org/index.php?topic=1559630.msg28914327#msg28914327

lonesomestranger
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January 25, 2018, 08:17:58 PM
 #5360

I don't have the hardware resources to do mining anymore.  Would anyone know if there's still a way to mine for LTC given this constraint. For example, is there any reputable site allowing us to join and mine?

As you probably know, the best mining pool for Litecoin is https://www.litecoinpool.org/ . However, GPU mining it is not proffitable anymore and you cannot compete with ASIC miners, but you may give it a shot on Nicehas or Prohashing. Here are the links: https://www.nicehash.com/ and https://prohashing.com/ ! If you have enough money you can invest in an ASIC Antminer L3, is about $3800 on Amazon, or you can invest directly in LTC, by buying it! It's up to you Smiley

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