Can we believe that the Litecoin mining period is over? According to recent posts in this topic is a strong indication that yes. In particular mining is not my area and I am only an art sympathizer, but in my opinion after the definitive termination of Litecoin mining we may come across a large increase in value due to scant and demand.
NO...IMHO that is...Bitmain is the main mnfg of about 90% or more ASIC's of any flavor..not just LTC and pow-scrypt....sha-256 and blake2b, etc
Thus no scarcity will be involved...just them taking over as a monopoly say of pow-scrypt...in that they probably have a better pow-scrypt miner in the works
and while they may not LIKE these LTC and pow-scrypt prices...they probably only pay at max 20% of the value of the equip and cheap electric
with them just supplying themselves for their own data halls...(small consumer miners are out) all the pow-scrypt profits would go to them or others as
big...
Thus, this comes to mind, how 'excited' will anyone be ...wanting to trade and promote LTC for example...if stuff in mining for pow-scrypt becomes this
centralized....add to the pre-order model where Bitmain mines for 4 months driving LTC difficulty up...(last time they did this 30%) then letting the
consumer get these same machines 5 months afterward.....again, with the pre-order $$$ benefits too boot, before shipping 4 months later
It will at that time be so obvious IMHO, that the price of LTC will dump...and people will stop playing the game...thus less value in LTC means less price
if folk, see this and see it 'played' in this manner by Bitmain or others...
so LTC will still be mined, but by centralized big boys like Bitmain who will make the chip/promote the chip and algo/and then mine the chip themselves
for the most part....so again, IMHO, without the 'consumer type hobby miner' 20 or fewer machines.....why would anyone promote this algo of pow-scrypt
or LTC etc? Folk again, IMHO, will move on to POS coins or Masternodes...and/or other algo's and coins...should they see my above 'dubious' claims
come to be.
On a good note, perhaps the dump of L3+'s has slowed.....less than 1% rise in difficulty last go around, however, I'm still unsure if Bitmain does not have
the 'supposed' 1.5gh miner in the works...(see above scenario) ....that in my view would be the sign to dump my hoard of LTC into something else entirely
Something has to 'break' to make consumer type mining (of the stuff that is out in the world NOW) worth mining and getting excited about..that means
price improvement....but not sure if that will to be...hope I'm dead wrong ..but I've been into mining coin since 2013...it is looking ugly indeed....
