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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1318204 times)
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July 31, 2019, 06:01:40 PM
 #7621



https://www.coindesk.com/litecoin-is-halving-soon-whats-happening-and-what-you-should-know?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value.
Litecoin price over the last 30 days via CoinDesk data.

In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power.
The mining reward is currently set at 25 litecoins ($2,500) per block and will drop to 12.5 litecoins ($1,200) per block on Aug. 5.

With that transition, the protocol will be adding significantly fewer litecoins to the market after Aug. 5.

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July 31, 2019, 06:50:12 PM
 #7622



https://www.coindesk.com/litecoin-is-halving-soon-whats-happening-and-what-you-should-know?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners who today ensure transaction processing on the world’s fourth-largest blockchain by total value.
Litecoin price over the last 30 days via CoinDesk data.

In approximately five days, litecoin will undergo a scheduled reward halving – a process aimed at preserving cryptocurrency’s purchasing power.
The mining reward is currently set at 25 litecoins ($2,500) per block and will drop to 12.5 litecoins ($1,200) per block on Aug. 5.

With that transition, the protocol will be adding significantly fewer litecoins to the market after Aug. 5.



It is gonna be interesting in the ancient Chinese Curse of Interesting: May you live in interesting times!

So, again, (see previous posts on this thread), IMHO, I think about 75% of all LTC Scrypt-pow miners are Bitmain L3's or L3+'s.

Thus they are underwater at these prices. As of now, that is $96.65 LTC at say 10c kWh. https://coinmarketcap.com/currencies/litecoin/

So as far as Bitmain units in relationship to LTC difficulty mining we could see a lot of stuff dump, and then if the price was to recover a lot of Yo-yo'ing

of mass amounts of difficulty being turned off and on in an attempt to beat difficulty when down with the prices and driving difficulty up when all these

SAME low hanging fruit and these units try to get back on at a profit ..then off .then on...could be in for interesting times.

Of course, If LTC prices stay under say $150, then the network will go down in difficulty I mean way, way down.

But still would be modest to downright embarrassing on what you would be making and dubious ROI on even the $3,000 USD at  2.2gh 2100 watts Innsolicon A6+ which

I list here https://www.innosilicon.com/html/a6+-miner/index.html

Here is profit as of this moment for one of these, again, before HALVING in like 4-5 days for LTC.

Currently making at 10c kWh $1.36 per day!

According to the ASIC Miner Value Page here: https://www.asicminervalue.com/miners/innosilicon/a6-ltcmaster-1.

Assuming all is the same more or less price wise etc on the LTC

halving that would be, again after halving 68c a day!

Damn, that is downright embarrassing. Of course, some $$$ would be made if my view of the Bitmain L3 and L3+

making up the vast majority of LTC miners. But again, even after all that shook out, this could be disastrous for Litecoin as a viable coin at a viable price.

Anyway, I won't get into what this might do to price or HODL or anything else.

Just saying from the mining point of view, IMHO, this looks pretty dire. I mean to me, really, really dire!

Some PR from the Litecoin Foundation on Mimblewimble and/or halving and/or other efforts/or other progress/or something would be helpful.

But alas, deafening silence. Sad

Anyway, my 'suspected' fears and rant on this.

Hope I'm dead wrong!

Brad

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July 31, 2019, 07:00:18 PM
 #7623

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.
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July 31, 2019, 08:03:27 PM
 #7624

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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July 31, 2019, 08:04:48 PM
 #7625

The silver of crypto. Will always be a fan
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August 01, 2019, 02:41:43 AM
 #7626

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
 #7627

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.
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August 01, 2019, 05:27:23 PM
 #7628

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.
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August 02, 2019, 07:38:40 AM
 #7629

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
 #7630

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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August 02, 2019, 01:40:26 PM
 #7631

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
 #7632

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


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August 02, 2019, 07:19:25 PM
 #7633

With a few days left to halving, I don't think the price will move significantly until then. Although everything is possible in this market as some 2x appreciation for example.


Something like this was before Ethereum upgrade, and even most people was waiting some pump and green market sign, it wasn`t so big
I`m expecting the same here

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August 03, 2019, 06:20:36 PM
 #7634

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
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August 04, 2019, 01:28:36 AM
 #7635

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


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IFCSHARE
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August 04, 2019, 10:31:20 AM
 #7636


LTC will be halved in the immediate block, how the mining ecology develops, and look forward to the following performance Smiley
lonesomestranger
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August 04, 2019, 06:44:54 PM
 #7637


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/

lonesomestranger
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August 04, 2019, 06:48:34 PM
 #7638


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

IFCSHARE
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August 05, 2019, 04:49:49 AM
 #7639

Today, let us witness the halving of the Litecoin block reward. Smiley Smiley
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August 05, 2019, 07:38:31 AM
 #7640

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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