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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466173 times)
TVTVI
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June 05, 2018, 04:41:01 PM
 #6181

For Litecoin's future, I think Charlie Lee's decision to leave Litecoin is more decentralized than a major challenge for the development Litecoin is facing. But it is absolutely necessary to compete with Bitcoin
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Searing
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June 05, 2018, 05:10:19 PM
 #6182

Just a 'few' (groan) small problems with LTC bouncing back with the price and difficulty action



ie...IF the top end machines available are doing 90% of the LTC mining say now, and they are ALL L3+'s then

I can't see a lot of progress with current price and difficulty bomb


it is not like the old days of various types of equip ..some more efficient than others....it... is now a clone army

so IF difficulty goes down ...then

yep…and everyone turns there machines back…if the majority of L3+'s are the only things LEFT mining LTC…then it goes to reason that anytime difficulty drops…the

majority will turn their machines back on in that all are the same speed and advantage rinse/wash/repeat with current difficulty vs price ....a conundrum!

only electricity will be the determining factor…that will eventually determine this ..with bitmain being the end centralized result maybe

thus the whole network will yo/yo or if the difficulty gets too high that only Bitmain (their own low cost per unit and low electric)

will be able to mine pow-scrypt coins and LTC and all else will be turned on ...that will be beyond ugly...

so are people really going to support a coin that bitmain can only mine say over the summer (or worse have a new machine doing so at better eff and running difficulty

really up) before the usual 4 - 5 months ‘pre-order’ of the same is in anyone’s hands?

sh*t LTC and Charlie Lee might have to make it a POS coin…if the only one able to mine LTC is going to be bitmain over the summer and/or worse as I mentioned above

This is what you can make with the latest L3+ today at 500mh and 800 watts at ave USA price of 12c kwh at the current price for LTC of $117

this is from www.litecoinpool.org/calc (this is free LTC pool and pays 101% the calc includes the 101%)

|24 hours|0.02509517 LTC|2.94 USD|2.30 USD|0.63 USD|
|7 days|0.17566618 LTC|20.55 USD|16.13 USD|4.42 USD|
|30 days|0.75285505 LTC|88.08 USD|69.12 USD|18.96 USD|

And Bitmain has the L3+ at $490 USD for making 63c a day on above calculations

yeah, IMHO, they have to have a NEW miner they are gonna pop out this Summer and run for 4 months

nothing else makes any sense…so I’d wait on getting ANY ASIC miner of ANY flavor or protocol…

also if you are into BTC the 7nm (vs Bitmain 14nm) has just come out…they claim to want to kill

Bitmain …I wish them luck

https://www.coindesk.com/1999-gmo-reveals-details-of-its-new-7nm-bitcoin-miner/

likely, they eventually will have scrypt-pow…i.f the price justifies it that is...a guy can hope!

later

brad

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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June 05, 2018, 11:26:50 PM
 #6183

For Litecoin's future, I think Charlie Lee's decision to leave Litecoin is more decentralized than a major challenge for the development Litecoin is facing. But it is absolutely necessary to compete with Bitcoin

OP (Charlie Lee) announced his dump of his LTC developers fund ~ can you say golden parachute? :\ hmmm

AFTER MORE THAN FOUR YEARS ===>

 " You are blocked from following @SatoshiLite and viewing @SatoshiLite's Tweets. "


 Roll Eyes

meh

I am not a Financial Analyst, Investment Broker, Financial Adviser, Crypto-Guru or any sort of professional that would be deemed trustworthy! Wink weee™
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June 06, 2018, 07:28:11 AM
 #6184

For Litecoin's future, I think Charlie Lee's decision to leave Litecoin is more decentralized than a major challenge for the development Litecoin is facing. But it is absolutely necessary to compete with Bitcoin

OP (Charlie Lee) announced his dump of his LTC developers fund ~ can you say golden parachute? :\ hmmm

AFTER MORE THAN FOUR YEARS ===>

 " You are blocked from following @SatoshiLite and viewing @SatoshiLite's Tweets. "


 Roll Eyes

meh

He blocked trolls that nagged him about selling at ATH, true...
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June 06, 2018, 11:01:48 PM
 #6185

To reflect, can we agree that Litecoin's price has stabilized? Can this be considered good? In my opinion, yes, in the previous years we find their prices in high flexibility generating many losses and this is normal to gain the confidence of the investors. Let's wait a little more time.
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June 07, 2018, 03:50:58 AM
 #6186

I was wondering with ASICboost being made open source now for BTC Sha-256 miners...is that something that can eventually be adopted by LTC and/or scrypt-pow miners? Huh
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June 09, 2018, 09:16:36 AM
 #6187

Any news on the LTC debit card? Will it ever happen?

I know of at least one: https://wirexapp.com/litecoin-comes-wirex

It happened just over a month ago.

Not sure if it's in any way relevant to the future of Litecoin. It's just another way to sell Litecoins and spend the money. Smiley

In a lite of Bitcoint - Litecoin, I strongly believe it still a great project with the huge network.
I wish those upcoming news from team might lift the MBC price up at the end of 2018. We should keep calm and stay tuned Smiley

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June 10, 2018, 09:42:52 AM
 #6188

Market was fully ready to use those updates but this didn't stop the rally. There is still cool stuff in Satoshi Lites's basket to be used later to make the magic.
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June 10, 2018, 09:49:01 AM
 #6189

Hello, team! in right mind plan
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June 10, 2018, 09:53:08 AM
 #6190

With such long-term downward price chart like this:
https://coinmarketcap.com/currencies/litecoin/
I believe it is right time to start accumulating more Litecoin.
I think this review can be given now about almost any coin on the market. Many coins are now very much lost in price after the last strong growth. I think all the same LTC today is interesting mainly to people who are already old-timers. Although the community always needs new blood.
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June 10, 2018, 10:09:48 AM
 #6191

With such long-term downward price chart like this:
https://coinmarketcap.com/currencies/litecoin/
I believe it is right time to start accumulating more Litecoin.
I think this review can be given now about almost any coin on the market. Many coins are now very much lost in price after the last strong growth. I think all the same LTC today is interesting mainly to people who are already old-timers. Although the community always needs new blood.
yes many coins have already lost their price value
some f them recovered and some of them not
but about lite coin bottom price of lite coin is 113$ as coinmarketcap price chart showing
checkout price of lite coin never falls from the 113$ after february 2018
i think lite coin bottom price found and its stable there
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June 10, 2018, 10:17:02 AM
 #6192

With such long-term downward price chart like this:
https://coinmarketcap.com/currencies/litecoin/
I believe it is right time to start accumulating more Litecoin.
I think this review can be given now about almost any coin on the market. Many coins are now very much lost in price after the last strong growth. I think all the same LTC today is interesting mainly to people who are already old-timers. Although the community always needs new blood.

Well, yes, but the predictions seem very negative about Bitcoin, Litecoin and other altcoins. I don't know if the cryptocurrencies will get the fresh air or not, the media did maximum job. Now it's about people.
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June 10, 2018, 10:27:41 AM
 #6193

~
but about lite coin bottom price of lite coin is 113$ as coinmarketcap price chart showing
checkout price of lite coin never falls from the 113$ after february 2018
i think lite coin bottom price found and its stable there
Yes!
Litecoin has likely found its bottom, and will recover from its current price range.
Sooner or later this year, Litecoin might hit $200 when Charlie Lee get actions.
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June 10, 2018, 10:57:12 AM
 #6194

Old market, waiting for you at a price of $ 500
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June 10, 2018, 07:41:29 PM
Merited by FractalUniverse (1)
 #6195



Well, starting to look like I'm out of pow-scrypt mining...I am very suspicious of https://bitcoinwisdom.com/litecoin/difficulty that was on the last

3 day go around at 8.26% rise. Now with the LTC price drop and other pow-scrypt alt dumps it is down to $105 LTC. But again, you could not make anything

but under 50c ....on a Bitmain L3+ (supposed top of the current generation in mass production anyway of scrypt-pow miners). Now I see the difficulty increase with

8.4hrs to go is +1.04% yet...that, of course, is dumping due to the price.

Where I am with my data hall units including elec and rent (for anyone that cares)

A 500mh 800 watt L3+ at current $105 LTC makes:

NEGATIVE or -$0.25 per day! Or a loss for an L3+ of -$7.62 a month after electric.

24 hours   0.02318045 LTC   2.43 USD   2.69 USD   -0.25 USD
7 days   0.16226314 LTC   17.04 USD   18.82 USD   -1.78 USD
30 days   0.69541348 LTC   73.02 USD   80.64 USD   -7.62 USD


With my 8000mh at 12,800 watts that gives me below:

NEGATIVE or -$4.06 per day! Or a loss for an L3+ of -$121.95 a month after electric.

24 hours   0.37088719 LTC   38.94 USD   43.01 USD   -4.06 USD
7 days   2.59621031 LTC   272.60 USD   301.06 USD   -28.45 USD
30 days   11.12661562 LTC   1168.29 USD   1290.24 USD   -121.95 USD

Now, here is the catch....if 85% of all scrypt-pow miners still more or less able to run out in the world are losing their ass on above....the L3+ and say Bitmain

does come out with their supposed 1.5gh 800 watt unit....we are beyond doomed (thus my bitcoinwisdom difficulty above concerns)

IF Bitmain DOES NOT come out with the supposed 1.5gh 800 watt unit.....the majority of folk that can't get equipment for themselves at Bitmain's

(probably) 20% cost for equipment and also Bitmain's electric costs to boot..and still...can't get the L3+ to fly in this environment.....well

...Bitmain will simply mine what L3+ units they have up now...due to their reduced equipment costs in data hall and electric costs and pick up the slack.

and everyone else will dump off the network.

So if that dire prediction is true due to price vs difficulty...what is the pow-scrypt prices of all those coins

going to do ...including LTC .... if the only folk making 'bank' on the coins are Bitmain as the last man standing? And you are sitting on sidelines with your

now OFF L3+ miners? Are we really gonna go 'yea' 'rah' LTC and pow-scrypt and watch Bitmain cleanup and mine, because the last man standing?

How enthused are people going to be about LTC and pow scrypt...at these depressed prices, will folk be however Bitmain ends up

either with new equipment or just watching the L3+'s that are not at Bitmain's advantages for price and elec in data halls, fade from existence?

So Bitmain mines all summer, drives up difficulty and then they announce everyone can start over an get scrypt-pow miners, to replace all the L3+'s

taken off the world/board/game with their new units, as a 'start over from scratch' plan? Again, at the usual, Bitmain mines over the summer

driving up the difficulty and pre-order equipment 4 months later? Not to mention Bitmain's usual version of kicking them out like 'toasters' in mass?

hell, I'm not gonna play that

So hang on boys and girls LTC and all of scrypt-pow coins could really, really, dump hard and bad, if something does not change and the L3+ can't

manage to keep up with difficulty for whatever reason, bitmain new equipment or just running their old stuff, pow-scrypt coins and LTC could go

back down to under $50 on such a senario....again IF....current generation of L3+ miners are not worth running and the only option is to buy equip

of a dubious pre-order method, from Bitmain, watching it mine the blocks for LTC say all summer, and then not get any supposed new equipment

in the fall....again, not gonna play that tune...

As it looks now, I'll be out of all mining, by the end of the month, and with the equiv of 16 L3+ units, I can't make it, that is pretty dire, IMHO.

So they will be shut off and I'm out of any hardware mining before I go thru last years 'merry go round' of games from Bitmain again.

Anyway, my take on the pitfalls of what could happen, too much concentration in the L3+ as the mainstay miner and too damn many of them...

with Bitmain's own current data halls, and/or supposed next-generation miners going into said data halls this summer...and the 85% of Bitmain

units L3+'s out there in the world, maybe, going doorstop....this could kill pow-scrypt as dead as, how KNC killed scrypt-N in 2014! poof!

But again, as of now, my plan is all L3+'s will be OFF on July 4th 2018....that is my KILL DATE.

It could be a very interesting (in a tragic opera kinda way) July 2018!

Sorry for the rant, and hope I'm wrong about this, but, it is NOT looking in any way/shape or form good...

anyway, better minds than me, rip my viewpoint up...again, would love to be wrong...I just don't see how to get out of this hole Sad

(sigh, it was a good run from 2013...but this may be all she wrote for me....out of hardware)

Searing






Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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June 11, 2018, 05:10:48 AM
 #6196

Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........
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June 12, 2018, 03:12:17 AM
 #6197

Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........


yeah, back to my (hopefully wrong) theme on the Bitmain L3+ units

currently, I am at NEGATIVE -$0.21 USD per day! and

NEGATIVE -$6.29 USD a month, with my data hall electric and rent.

24 hours   0.02316153 LTC   2.48 USD   2.69 USD   -0.21 USD
7 days   0.16213072 LTC   17.35 USD   18.82 USD   -1.47 USD
30 days   0.69484592 LTC   74.35 USD   80.64 USD   -6.29 USD

So, in order for me to say break even NOW at 0.00 USD a month after electric.

Swapping electric for LTC direct on www.litecoinpool.org/calc I would need:

a price of LTC at the current difficulty of:  $116.05 per LTC!

24 hours   0.02316153 LTC   2.69 USD   2.69 USD   -0.00 USD
7 days   0.16213072 LTC   18.82 USD   18.82 USD   -0.00 USD
30 days   0.69484592 LTC   80.64 USD   80.64 USD   -0.00 USD

That is not looking too dang likely Sad

IF I wanted to get say $1 a day at current difficulty, OVER electric costs,

which in the past was pretty modest for a Bitmain L3+ scrypt-pow miner,

I would need below $159.05 to make $29.88 per Bitmain L3+ per month, after electric...
 
24 hours   0.02316153 LTC   3.68 USD      2.69 USD        1.00 USD
7 days   0.16213072 LTC   25.79 USD     18.82 USD        6.97 USD
30 days   0.69484592 LTC   110.52 USD 80.64 USD         29.88 USD

Again, I just hope I'm wrong, but I don't think I can see things flipping in our favor this

fast, even if there is NO supposed new Bitmain product at the 1.5gh and 800-watt unit...

the above calcs, don't even work with existing Bitmain L3+'s in the world (85% of all pow scrypt miners still

up, IMHO) ...so unless brighter minds than me, can 'beat me up' on this (please, I wish to be dead wrong)

it all still looks like most if not all my (and perhaps most) Bitmain L3+'s will be shut down by July 4th, 2018.

Searing











Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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June 12, 2018, 08:16:46 AM
 #6198

Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........


yeah, back to my (hopefully wrong) theme on the Bitmain L3+ units

currently, I am at NEGATIVE -$0.21 USD per day! and

NEGATIVE -$6.29 USD a month, with my data hall electric and rent.

24 hours   0.02316153 LTC   2.48 USD   2.69 USD   -0.21 USD
7 days   0.16213072 LTC   17.35 USD   18.82 USD   -1.47 USD
30 days   0.69484592 LTC   74.35 USD   80.64 USD   -6.29 USD

So, in order for me to say break even NOW at 0.00 USD a month after electric.

Swapping electric for LTC direct on www.litecoinpool.org/calc I would need:

a price of LTC at the current difficulty of:  $116.05 per LTC!

24 hours   0.02316153 LTC   2.69 USD   2.69 USD   -0.00 USD
7 days   0.16213072 LTC   18.82 USD   18.82 USD   -0.00 USD
30 days   0.69484592 LTC   80.64 USD   80.64 USD   -0.00 USD

That is not looking too dang likely Sad

IF I wanted to get say $1 a day at current difficulty, OVER electric costs,

which in the past was pretty modest for a Bitmain L3+ scrypt-pow miner,

I would need below $159.05 to make $29.88 per Bitmain L3+ per month, after electric...
 
24 hours   0.02316153 LTC   3.68 USD      2.69 USD        1.00 USD
7 days   0.16213072 LTC   25.79 USD     18.82 USD        6.97 USD
30 days   0.69484592 LTC   110.52 USD 80.64 USD         29.88 USD

Again, I just hope I'm wrong, but I don't think I can see things flipping in our favor this

fast, even if there is NO supposed new Bitmain product at the 1.5gh and 800-watt unit...

the above calcs, don't even work with existing Bitmain L3+'s in the world (85% of all pow scrypt miners still

up, IMHO) ...so unless brighter minds than me, can 'beat me up' on this (please, I wish to be dead wrong)

it all still looks like most if not all my (and perhaps most) Bitmain L3+'s will be shut down by July 4th, 2018.

Searing
i think you are going into negitive because lite coin price is down
and if you continuously mine lite coin at current mining speed but not sell then now and wait for the bullish move starts
then you could get good profit from it
my best guess if you want real profit then you should hold your earning from miners atleast one year
maybe in Dec 2018 litecoin price will rise higher
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June 12, 2018, 08:17:20 AM
 #6199

you are probably right. you have two options really (well, three)

1. power down and wait for prices to rise
2. keep mining on speculation
(3). it's cheaper to just buy the coin.
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June 12, 2018, 10:09:37 AM
 #6200

Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........


yeah, back to my (hopefully wrong) theme on the Bitmain L3+ units

currently, I am at NEGATIVE -$0.21 USD per day! and

NEGATIVE -$6.29 USD a month, with my data hall electric and rent.

24 hours   0.02316153 LTC   2.48 USD   2.69 USD   -0.21 USD
7 days   0.16213072 LTC   17.35 USD   18.82 USD   -1.47 USD
30 days   0.69484592 LTC   74.35 USD   80.64 USD   -6.29 USD

So, in order for me to say break even NOW at 0.00 USD a month after electric.

Swapping electric for LTC direct on www.litecoinpool.org/calc I would need:

a price of LTC at the current difficulty of:  $116.05 per LTC!

24 hours   0.02316153 LTC   2.69 USD   2.69 USD   -0.00 USD
7 days   0.16213072 LTC   18.82 USD   18.82 USD   -0.00 USD
30 days   0.69484592 LTC   80.64 USD   80.64 USD   -0.00 USD

That is not looking too dang likely Sad

IF I wanted to get say $1 a day at current difficulty, OVER electric costs,

which in the past was pretty modest for a Bitmain L3+ scrypt-pow miner,

I would need below $159.05 to make $29.88 per Bitmain L3+ per month, after electric...
 
24 hours   0.02316153 LTC   3.68 USD      2.69 USD        1.00 USD
7 days   0.16213072 LTC   25.79 USD     18.82 USD        6.97 USD
30 days   0.69484592 LTC   110.52 USD 80.64 USD         29.88 USD

Again, I just hope I'm wrong, but I don't think I can see things flipping in our favor this

fast, even if there is NO supposed new Bitmain product at the 1.5gh and 800-watt unit...

the above calcs, don't even work with existing Bitmain L3+'s in the world (85% of all pow scrypt miners still

up, IMHO) ...so unless brighter minds than me, can 'beat me up' on this (please, I wish to be dead wrong)

it all still looks like most if not all my (and perhaps most) Bitmain L3+'s will be shut down by July 4th, 2018.

Searing
i think you are going into negitive because lite coin price is down
and if you continuously mine lite coin at current mining speed but not sell then now and wait for the bullish move starts
then you could get good profit from it
my best guess if you want real profit then you should hold your earning from miners atleast one year
maybe in Dec 2018 litecoin price will rise higher


no...price is some of this...but mostly it is difficulty outpacing price...thus you can never catch up....that is normal all miners

die and pan out

as far as I can tell this MAY be the first time that the current most recent generation of miners the L3+ or about (imho) 85%
of pow-scrypt miners in the world ALL are shut off due to price. Now as I say this, the ONLY one if these prices that continue

could mine pow-scrypt would be bitmain..not because of electric rates....which I assume are matched by some if not most...the

key here is bitmain probably only pays 20c on the $1 for its previous equipment and the electric...thus IF THEY HAVE NEW

equipment coming ...well they own pow-scrypt for the summer at least (till they release pre-orders in the fall after their data

halls are filled) but again in this case....the last generation of miners are killed off by the price of a coin BEFORE even the

3-4 month supposed new equipment hits the world? I mean really? Not gonna have a lot of faith in such a coin...remember

you will need near $200 LTC to overcome difficulty IMHO, to fight the glut of machines and/or the threat of them falling off

the pow-srypt wagon with difficulty...vs price....if it does get that bad and only Bitmain can mine pow scrypt for the summer

or longer...i just don't see a lot of faith in any pow-scrypt coins and LTC if it is just gonna be like BCH and bitmain is making bank

again, price rises usually are due to belief in a coin's future...but at 85% of the equip made in pow-scrypt it is all linked to

the bitmain monopoly....with the difficulty rise intertwined with the price dump of pow-scrypt coin prices and LTC ..again looks

dim in my view. (better minds than mine...chime in here) but how I see it so far...

Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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