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Totscha
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January 25, 2018, 09:32:47 AM |
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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. |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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saif.shaikha
Member
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Activity: 106
Merit: 10
"The Best ICO with Best ROI:: Cube"
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January 25, 2018, 09:35:35 AM |
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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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Tak2020
Newbie
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Activity: 65
Merit: 0
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January 25, 2018, 09:49:16 AM |
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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 |
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emmawill
Newbie
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Activity: 28
Merit: 0
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January 25, 2018, 10:06:35 AM |
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Great!!!
It is a new improvement, better than other currencies.
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moli1
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January 25, 2018, 01:18:20 PM |
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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.
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fapnnap
Jr. Member
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Activity: 349
Merit: 2
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January 25, 2018, 02:10:56 PM |
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the price has gone down alot bleh
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Spaniarder
Member
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Activity: 128
Merit: 13
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January 25, 2018, 02:31:51 PM |
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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? |
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technerd
Member
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Activity: 84
Merit: 11
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January 25, 2018, 02:34:38 PM |
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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? |
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Totscha
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January 25, 2018, 03:36:01 PM |
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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. |
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Ruubs
Newbie
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Activity: 10
Merit: 0
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January 25, 2018, 04:16:53 PM |
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aceat64
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January 25, 2018, 04:41:31 PM |
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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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OWZ1337
Member
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Activity: 140
Merit: 17
BITCOIN===>THE DISRUPTIVE CYBERCURRENCY
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January 25, 2018, 04:58:09 PM |
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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  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! weee™ |
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Bitman78
Newbie
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Activity: 7
Merit: 0
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January 25, 2018, 05:32:47 PM |
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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
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Krezz2017
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January 25, 2018, 05:43:35 PM |
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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. |
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OneFear
Member
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Activity: 94
Merit: 10
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January 25, 2018, 05:45:27 PM |
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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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alevlaslo
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January 25, 2018, 05:49:27 PM |
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Sale the first NFT of the first foto
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lonesomestranger
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January 25, 2018, 08:17:58 PM |
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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  |
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Bitman78
Newbie
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Activity: 7
Merit: 0
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January 25, 2018, 08:58:26 PM |
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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. Re visit this post in 5 days if its below 145 where its at now I'll give you some free coins from my ICO when it happens that's how much info I know you will see anyway |
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denysrodman
Member
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Activity: 224
Merit: 11
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January 25, 2018, 11:11:21 PM |
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Litecoin is priced good right now, and the news of a Lightning Network (LN) with LTC being interoperable with the BTC Lightning Network, could solve a lot of problems for the Bitcoin and Litecoin teams together. I look for the price to increase dramatically once both lightning networks are up and running.
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fapnnap
Jr. Member
Offline
Activity: 349
Merit: 2
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January 26, 2018, 03:59:58 AM |
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why did the founder of ltc dump his shares and does that not look bad on the company?
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