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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1294554 times)
Searing
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June 19, 2018, 06:44:02 PM
 #6241

FYI,

still losing 35c  a day on a 500mh 800 watt L3+ scrypt pow miner with LTC. This is 'supposedly' in mass 90% probably of all ASIC's for scrypt-pow and LTC

being used for the network. At my present figures I need $115 LTC to break even and about $135 LTC to get over a buck a day. Thus at 8000mh and $1,290.27

usd a month..mot real keen even at $160 LTC just to pay that to make about 47 bucks a month over

not looking to good when all this stuff gets shut off at the same time....and bitmain takes over the network

anyway comments, better minds then myself?

brad














 

 

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June 19, 2018, 07:07:07 PM
 #6242

Two Reasons Why Litecoin Could Breakout Soon :
Around Christmas time, investors in the majority of cryptocurrencies thought they were being spoiled and would soon be able to splash out on extravagant gifts as the value of the currencies shot up to amazing highs – but over the past few months, we have seen the market correcting itself back down to typical levels.

This month, Litecoin hit new 2018 lows in its value, nosediving to $93 which is the lowest level seen since 8th December 2017. This is a 48% drop from the high we saw in May, when the currency reached $182. Some may say that this has turned the tide in favour of Litecoin’s competitors, but oversold conditions could see the price of this cryptocurrency shoot right back up.

The RSI (Relative Strength Index) is showing Litecoin as being in oversold territory and, only days ago, it was below 30.00 for the first time in over two months. This gives a good idea of when the market for the coin is going to be shooting up, as when the currency is oversold, you typically see an uptrend in the market for the cryptocurrency.

Secondly, the NYDFS has given the green light for ITBIT to list Litecoin on its exchange – a move which will give a regulated exchange market to Litecoin, thus making it a safer buy than it previously was. Further to the coin being safer to trade in this new regulated market, it will also be opened up to new investors who will want to jump on the Litecoin bandwagon.

While many people are selling their Litecoin at a loss due to the nosedive in its value, holding on could be worthwhile, as it’s expected that the value of the currency will pick up fast due to the two reasons given above. Time will tell whether or not Litecoin becomes the next big thing.

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June 19, 2018, 07:34:49 PM
Last edit: June 19, 2018, 07:47:51 PM by mercedes321
 #6243

FYI,

still losing 35c  a day on a 500mh 800 watt L3+ scrypt pow miner with LTC. This is 'supposedly' in mass 90% probably of all ASIC's for scrypt-pow and LTC

being used for the network. At my present figures I need $115 LTC to break even and about $135 LTC to get over a buck a day. Thus at 8000mh and $1,290.27

usd a month..mot real keen even at $160 LTC just to pay that to make about 47 bucks a month over

not looking to good when all this stuff gets shut off at the same time....and bitmain takes over the network

anyway comments, better minds then myself?

brad

acvtually i think ont will do more, so turning ltc into ont, not a bad idea, and also why not turn off machines, and buy some at hashnest, electricity is much much cheaper i guess if u mine with a loss, i am waiting one more leg up in cripto, then ill give 15 or 20% in to L3 machines I will buz 4/5 machines, they cost read this 6.4LTC 1 machine ( back in past i paied 104 LTC for 1), and it gives u 1.5usd per day or 7% per month. But ont or eth will do more in shorter period of time even if LTC goes up, wont go up as much, so i wait one more leg up, then i go into mining, but not as i use to in the past, all in. no no, u never know, evrything is risky these days.
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June 19, 2018, 07:40:09 PM
 #6244

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.

Mining on speculation is really dumb if you do have the opportunity to purchase the coin cheaper elsewhere. You are better off switching to a more profitable coin, sell that coin and buy Litecoin.
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June 20, 2018, 03:19:32 AM
 #6245

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.

Mining on speculation is really dumb if you do have the opportunity to purchase the coin cheaper elsewhere. You are better off switching to a more profitable coin, sell that coin and buy Litecoin.

there is NO better coin...if so it just saves me 5c a day..big whoop...at 8000mh and 90% of all miners that mine pow-scrypt are all in the hole at 35c a day or some

such..because 90% of the pow scrypt miners that still manage to run are Bitmain L3+'s...what do you think is gonna happen when they all shut off? diff drops.they

all turn on ..diff goes up...I've been watching it yo/yo between 35c loss a day to 50c loss a day for last 2 weeks

if they go off...they all go off and again...some relief on the other pow-scrypt coins..but NOT enough to matter ..this includes the algo at prohashing

and god help the pow scrypt world if bitmain mines a say supposed 3x the hash same watts machine all summer before preorders in late fall

pow scrypt could frigging die....

saw it with scrypt N one week 12-15 coins (including vertcoin) than poof...all gone when knc titans did the scrypt N patch

crap can tank and/or the only one left able mine the pow scypt network of any asic coin flavor etc is bitmain

again, difficulty has outstripped the machines available and they are the LATEST machines....if NO price recovery ...all pow scrypt coins could tank big time

just from this network pow-scrypt farce...

again, hope I'm wrong ...but not looking like it ...again if someone has 1/2 the elec rate of me on an L3+ and is losing 25c a day vs my 50c a day...they

too will shut off ...and if diff dumps all will turn machines on again and 3 days later same diff with the difficulty ..back to your loss depending on your elec costs

but you always lose at the present prices...I need 115 ltc with a month on 8000mh just to break even on electric big whoop

again, not looking good ...too many of the same miners ...too little cost for pow-scrypt coins...no way out I can see but a crash


(again, not to be harsh..beat me up, smarter minds than me...but everyone has the same toaster and I am assuming all will go off at the same time if this

becomes unsustainable....you can mine a month or so at a loss ..but eventually, you just shut it off...with all the same equipment...we could yo/yo quite a

bit and be bled dry in smaller bits...but eventually folk will tire of chasing this car and scrypt-pow as a  network method will suffer

again beat me up ..hope I'm dead wrong..all my miners wish you well in beating me up

brad
















 

 

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June 20, 2018, 05:37:49 AM
 #6246

Litecoin is spreading fast, i think it’ll be one of the biggest cryptos to get used in online transactions, not for regular groceries and stuff but mostly for bigger spendings

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June 20, 2018, 02:43:37 PM
 #6247

Well hopefully this UK futures news can possibly bring some better sentiment and give LTC more credibility

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June 20, 2018, 02:46:17 PM
 #6248

actually its tempting me to buy 5K hash of L3 for a price of 63LTC total, and with electricity of 0.07 usd per day, maintance vs profit at hashnest is 57%, ill make 100 usd per week, and i am prety sure, LTC will rebound, difficult to be i dont know less or more, probably more, and prices of machines i also dont know probably less. But i think ONT will do much more then LTC + mining or ETH. So iw illl wait  7.2K BTC then 25% max back to L3.
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June 20, 2018, 05:47:48 PM
 #6249

I like this project in that Litecoin is the result of some of us who have teamed up in IRC to create a real alternative currency like bitcoin. We wanted to make a silver coin for Bitcoin's gold. Various alternative currencies came and went.

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June 24, 2018, 07:26:27 PM
 #6250

Hi guys, would you buy more ltc currently? The price is very appealing but I'm concerned about the absence of new projects for ltc.
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June 25, 2018, 11:03:21 AM
 #6251

yes, buy them more its good entry point, also for other coins, dont save the cash, buy and hodl hodl,
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June 25, 2018, 11:09:55 AM
 #6252

I will also agree on the $100 to come very quickly as soon as market's see reverse trend. It is still early to define the mood of market movers but overall we can consider this floor as safe buying. Total market capitalization has reached at bottom apparently. If downtrend continues this was not last longer as markets need to build confidence and for that rebounding becomes necessary.

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June 25, 2018, 11:15:59 AM
 #6253

the price is going down along with other alt coins.. Is it good option to buy litecoin now and hold it to get the benefits in future?
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June 25, 2018, 12:45:06 PM
 #6254

the price is going down along with other alt coins.. Is it good option to buy litecoin now and hold it to get the benefits in future?

LTC is one of the most stable coins out there. Fast transactions, reliable team. 80$ is a steal, better fill up the bag.
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June 25, 2018, 12:53:11 PM
 #6255

Current situation is very panic because all what happening without any big reason I think so price will be more higher after this phase. Crypto are here to stay and will remain for forever soon it will become more useful.
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June 25, 2018, 01:05:56 PM
 #6256

Current situation is very panic because all what happening without any big reason I think so price will be more higher after this phase. Crypto are here to stay and will remain for forever soon it will become more useful.
if we notice, it is true that there is much event which is happening lately, such as the market continues to fall and stocks continue to decline. it is of course that situation makes many people feel disadvantaged .in fact, there are some people trapped in panic sale because they afraid to losing their chance in alternative coin like litecoin. but if they are be patient a little longer they would not miss this chance. 
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June 25, 2018, 01:22:44 PM
 #6257

I think litecoin has a lot of potential. It is perfect for long-term investments. I hope at the end of 2018 it will cost $ 500. Who has any thoughts on this?

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June 25, 2018, 01:25:14 PM
 #6258

I think litecoin will recover and grow at 300$ in three months. Don't sell it for so low money. I think is better hold at least 2 months and see the trends.
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June 25, 2018, 01:26:57 PM
 #6259

I think litecoin has a lot of potential. It is perfect for long-term investments. I hope at the end of 2018 it will cost $ 500. Who has any thoughts on this?

At the moment it is hard to predict what is going to happen current movement is really strange than it looking hard to see $500 for per coin by end of current year. Even anything can happen into this cryptoworld if BTC will get succeed to make comeback and will finish above 20k than we could see this.



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June 25, 2018, 01:29:55 PM
 #6260

Current situation is very panic because all what happening without any big reason I think so price will be more higher after this phase. Crypto are here to stay and will remain for forever soon it will become more useful.

Saying without any big reason is a little bit negligent of reality. The big reason could be that it's not 100% clear what role blockchain will play in our daily lives, and that is indeed a huge reason.

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