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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1322490 times)
Williams_Leo
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August 02, 2019, 09:18:50 AM
 #7621

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
 #7622

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
 #7623

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 03, 2019, 06:20:36 PM
 #7624

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
 #7625

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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August 04, 2019, 10:31:20 AM
 #7626


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
 #7627


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
 #7628


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
 #7629

Today, let us witness the halving of the Litecoin block reward. Smiley Smiley
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August 05, 2019, 07:38:31 AM
 #7630

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
 #7631

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
 #7632



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
 #7633

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
 #7634

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

Yes!
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August 05, 2019, 02:49:27 PM
 #7635

Would this halving bring a surge in price or reduction in miners due to lack of profitability?
With same electricity cost, same difficulty, miners will get less Litecoin from mining. It means their income will only remain as same as before halving if Litecoin price increases two times (compared to its price before halving). It is why lots of investors pay their attention on Litecoin, recent weeks, someone hope that Litecoin will keep doubling increase at the period around halving time (before or after that a little bit).

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August 05, 2019, 02:57:52 PM
 #7636

I'm reminded of the old saw "buy on the hype, sell on the news".
According to coinbase this is the current top holder activity buy/sell percentages... 29/71
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August 06, 2019, 12:19:57 AM
 #7637

Would this halving bring a surge in price or reduction in miners due to lack of profitability?
With same electricity cost, same difficulty, miners will get less Litecoin from mining. It means their income will only remain as same as before halving if Litecoin price increases two times (compared to its price before halving). It is why lots of investors pay their attention on Litecoin, recent weeks, someone hope that Litecoin will keep doubling increase at the period around halving time (before or after that a little bit).

I was told by a buddy that pretty much now, at this difficulty and this price point, you need 4c kWh or under to make any pennies at all.

Also was offered from a legit guy (I'm fairly sure) an Innsolicon T30 2.2th 2,200 watt unit for $900 and $50 shipping to the states.

Unfortunately, he forgot about the NOW 37.6% Tariff to the USA with Import Fees.

IF Trump has his way, he may go back as a pushback to China devaluing currency today, to another 25% rise in tariffs Sept 1st.

IF, so that would mean the tariff and import fees (plus shipping) would likely be something like $1,300 a unit to the USA or about say $950 a unit

for the rest of the NON-USA tariff world and/or the VAT Countries.

IF, these folk in non-VAT or Tariff parts of the world are in FULL FOMO MODE...well sh*t...it very well could be no more mining of any type in the USA

for 2019 and into 2020. (Perhaps, that is already the case, and just missed the memo) Sad

ugly, ugly, ugly


If you add to this my somewhat other 'dubious' fear, in that, my 'guess' that 70% or so of all scrypt-pow miners on LTC network are Bitmain L3's or L3+'s.

(They were pumped out for 3 years). Then that group shuts off due to difficulty, then difficulty adjusts and that group turns back on, rinse/wash/repeat.

We could yo/yo in that pattern for 3-4 months, driving the price down as these guys sell their LTC and such to pay bills on their data halls or whatever, driving

price further down.

again, perhaps, dubious, but where mining goes, so goes price I'm afraid. Could form an LTC price downward spiral vortex indeed.

Brad

(disclaimer: have not mined anything since 2/14/19 on Valentine's day. My data hall rate is 10c kWh and my home rate has spiked in Summer Rates to 17.27c kWh, so

as you can see I'm so far out of any type of scrypt-pow or indeed any flavor of ASIC mining that I need a pair of binoculars to even read the LTC difficulty at this point.)



 
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August 06, 2019, 06:22:52 AM
 #7638

Litecoin price increased quite a lot yday, but i thought the halving would boost it more :O

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
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August 06, 2019, 04:07:48 PM
 #7639

Would this halving bring a surge in price or reduction in miners due to lack of profitability?
With same electricity cost, same difficulty, miners will get less Litecoin from mining. It means their income will only remain as same as before halving if Litecoin price increases two times (compared to its price before halving). It is why lots of investors pay their attention on Litecoin, recent weeks, someone hope that Litecoin will keep doubling increase at the period around halving time (before or after that a little bit).

I was told by a buddy that pretty much now, at this difficulty and this price point, you need 4c kWh or under to make any pennies at all.

Also was offered from a legit guy (I'm fairly sure) an Innsolicon T30 2.2th 2,200 watt unit for $900 and $50 shipping to the states.

Unfortunately, he forgot about the NOW 37.6% Tariff to the USA with Import Fees.

IF Trump has his way, he may go back as a pushback to China devaluing currency today, to another 25% rise in tariffs Sept 1st.

IF, so that would mean the tariff and import fees (plus shipping) would likely be something like $1,300 a unit to the USA or about say $950 a unit

for the rest of the NON-USA tariff world and/or the VAT Countries.

IF, these folk in non-VAT or Tariff parts of the world are in FULL FOMO MODE...well sh*t...it very well could be no more mining of any type in the USA

for 2019 and into 2020. (Perhaps, that is already the case, and just missed the memo) Sad

ugly, ugly, ugly


If you add to this my somewhat other 'dubious' fear, in that, my 'guess' that 70% or so of all scrypt-pow miners on LTC network are Bitmain L3's or L3+'s.

(They were pumped out for 3 years). Then that group shuts off due to difficulty, then difficulty adjusts and that group turns back on, rinse/wash/repeat.

We could yo/yo in that pattern for 3-4 months, driving the price down as these guys sell their LTC and such to pay bills on their data halls or whatever, driving

price further down.

again, perhaps, dubious, but where mining goes, so goes price I'm afraid. Could form an LTC price downward spiral vortex indeed.

Brad

(disclaimer: have not mined anything since 2/14/19 on Valentine's day. My data hall rate is 10c kWh and my home rate has spiked in Summer Rates to 17.27c kWh, so

as you can see I'm so far out of any type of scrypt-pow or indeed any flavor of ASIC mining that I need a pair of binoculars to even read the LTC difficulty at this point.)




use hashnest, no fuss, no worries, no tariffs!
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August 06, 2019, 04:11:58 PM
 #7640

I checked quite similar project a few days ago. That looks better. Will certainly follow it. Thank you guys. Thank you guys.
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