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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1466124 times)
Searing
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July 31, 2019, 08:03:27 PM
 #7581

Sry, i don’t get your Point. Profit from mining will be reduced but it’s still profitable?
Even Bitcoin (and a lot of altcoins) has this “problem” in the past, they keep mining in hope one day the return of investment will be positive.

the overload will be too much IMHO if Bitmain L3's and L3+ units go off the network at these prices.

The question is IF everything that mines even at above $150 price of LTC, can't justify the price vs electric..who is gonna mine?

Never saw it this likely to lose 3/4 of hashing ON TOP OF the price vs difficulty as it is now.

Just saying a variety of factors that are gonna make things worse in the short term

Also, in the PAST new Scrypt-pow miners at better efficiency usually was an option around these kinda events, I don't see any investment in such at this

time to mitigate the above either.

Anyway, 3 or more effects combining to make this very 'interesting' on how all this will play out mining/cost of coin/and LTC in general

again, hope I don't know what the F*ck I'm talking about, but looks 'sharp-edged' at every angle I can see in the short term at least for LTC price and adoption

with above drama.

Brad

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DavethaMan
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July 31, 2019, 08:04:48 PM
 #7582

The silver of crypto. Will always be a fan
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August 01, 2019, 02:41:43 AM
 #7583

Among top altcoins, Litecoin is one of the best performers last three days. When most of top altcoins fell due to sudden rises of Bitcoin, which brought it to above $10,000, Litecoin has still well maintained its price in the LTC/BTC pair. Personally, I am impressed with it. Maybe this performance is not most of Litecoin holders waited for, because it has still been too low compare to its recent peak, and investors' expected rises due to halving; but it is good enough if we compare with other top altcoins.

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August 01, 2019, 09:05:04 AM
 #7584

Hello Litecoin Community!

With only few days left until the anticipated halving, I am ready to release the new Ltc video project.

https://www.youtube.com/watch?v=9u2kfXWJAS8

If you enjoyed watching, please like it and share with your friends. 

Tipbox - ltc1quqdyrjdt8m86xtd5fvklp28ndjxfcqpy73w0ut

Your donations will help with the development of this channel.
boopy265420
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August 01, 2019, 05:27:23 PM
 #7585

All focus in on upcoming halving event to see once a cut in production happens what happens afterwards. In current market situation apparently we have seen rise already and now in remaining days will most probably pass without major move. I personally expect a rally in post halving era because market reacts in contrary direction than sentiments. It was all fun and excitement which has pause and will resume sooner just hold on.
dreamax25
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August 02, 2019, 07:38:40 AM
 #7586

Litecoin could see a bullish push above the $100 level, could this lead to a bullish trend? Learn more in this short TA:

https://coincodex.com/article/4325/litecoin-price-analysis-ltc-leads-bullish-push-as-bulls-attempt-a-move-above-100/
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August 02, 2019, 09:18:50 AM
 #7587

Among top altcoins, Litecoin is one of the best performers last three days. When most of top altcoins fell due to sudden rises of Bitcoin, which brought it to above $10,000, Litecoin has still well maintained its price in the LTC/BTC pair. Personally, I am impressed with it. Maybe this performance is not most of Litecoin holders waited for, because it has still been too low compare to its recent peak, and investors' expected rises due to halving; but it is good enough if we compare with other top altcoins.
Although litecoin is trying to maintain its value but that does not mean that in the next time, it can still be maintained like that, sometimes it is now very stable but in new stages, it may fall as it once did. The small ray of hope is probably the upcoming event of litecoin, this Litecoin Halving event can make litecoin that miners mined will become less, this means that litecoin will become rarer and may increase sharply, but if there is no positivity through that event, it will be a signal for us to abandon litecoin

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lobat999
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August 02, 2019, 01:40:26 PM
 #7588

Current price on CMC - https://coinmarketcap.com/currencies/litecoin/ was a little bit late for rebound as compared with today's performers but I'm very positive it will rebound soon in a matter of days which coincide to its scheduled halving.  So i guess "history will once again repeat itself "Smiley
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August 02, 2019, 07:05:21 PM
 #7589

Litecoin could see a bullish push above the $100 level, could this lead to a bullish trend? Learn more in this short TA:

https://coincodex.com/article/4325/litecoin-price-analysis-ltc-leads-bullish-push-as-bulls-attempt-a-move-above-100/

Mr. Obvious here:

LTC crypto miners are mostly all underwater at anything below $100 LTC.

So according to this https://www.litecoinblockhalf.com/ in 2 days and 16 hours the LTC halving will occur.

Thus those underwater now (IMHO, 80% of LTC miners vs electricity) at $100 bucks will be 2x the trouble after LTC halving.

thus $100 LTC you mine now, after halving, will be the equivalent of mining LTC NOW at the $50 buck price for LTC.

Ugly, Ugly, Ugly.

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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August 03, 2019, 06:20:36 PM
 #7590

9 Days Till Litecoin Halving - What is This And Why Should You Care? : https://www.publish0x.com/cryptotips/9-days-till-litecoin-halving-what-and-why-should-you-care-xyywpd
Searing
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August 04, 2019, 01:28:36 AM
 #7591

9 Days Till Litecoin Halving - What is This And Why Should You Care? : https://www.publish0x.com/cryptotips/9-days-till-litecoin-halving-what-and-why-should-you-care-xyywpd

The article above 9 days.

Actually, as of this moment, it is below:

https://www.litecoinblockhalf.com/ 1 day 8 hours 24 minutes and 31 seconds as I type this

FYI

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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August 04, 2019, 10:31:20 AM
 #7592


LTC will be halved in the immediate block, how the mining ecology develops, and look forward to the following performance Smiley
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August 04, 2019, 06:44:54 PM
 #7593


Litecoin Foundation Establishes Wallet for Confidential Transactions & Other Tech Developments

''While much of our efforts over the past several months have been focused on the critical area of mass adoption through collaboration and partnerships that drive awareness on a global scale, we are also committed to ensuring that the technology that underpins Litecoin continues to evolve and make Litecoin even stronger than it is today. ''

Read more: https://litecoin-foundation.org/litecoin-foundation-establishes-wallet-for-confidential-transactions-other-tech-developments/

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August 04, 2019, 06:48:34 PM
 #7594


BTSE Launches Litecoin Futures Trading

''After launching Litecoin spot trading on BTSE.com on the 29th of July, we are excited to announce that starting today, you will be able to trade LTC futures as well! There are plenty of reasons to be excited about Litecoin, and they range from the August 5th mining reward halving to the upcoming addition of Confidential Transactions through Mimblewimble and extension blocks. ''

Check it out: https://www.blog.btse.com/post/btse-launches-litecoin-futures-trading

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August 05, 2019, 04:49:49 AM
 #7595

Today, let us witness the halving of the Litecoin block reward. Smiley Smiley
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August 05, 2019, 07:38:31 AM
 #7596

Litecoin got ranked as #1 coin to watch for this week due to the upcoming halving.

https://coincodex.com/article/4377/top-3-coins-to-watch-august-5-august-11/
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August 05, 2019, 08:57:50 AM
 #7597

LTC is ready to explode there are so many bullish sentiments which could turn the whole really interesting and it will touch to new ATH very soon. Current progress is looking very healthy and it moving into positive direction from my point of view there is still time to invest in it.
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August 05, 2019, 11:44:00 AM
 #7598



https://www.coindesk.com/litecoin-just-halved-its-crypto-rewards-for-miners?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

Litecoin (LTC), currently the fourth-largest cryptocurrency by market capitalization, has just reduced its block reward for miners by half.

The litecoin blockchain reached the trigger block height of 1,680,000 at 10:16 UTC on Monday, according to the litecoin explorer from mining pool operator BTC.com.

The event marks a major threshold for miners, as the litecoin network is designed to reduce its mining rewards by half every 840,000 blocks (roughly every four years).

For this “halving,” the mining reward for every block has been reduced from the previous 25 LTC to 12.5 LTC.

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August 05, 2019, 11:58:31 AM
 #7599

Would this halving bring a surge in price or reduction in miners due to lack of profitability?
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August 05, 2019, 01:20:09 PM
 #7600

Would this halving bring a surge in price or reduction in miners due to lack of profitability?

Yes!
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