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Author Topic: Litecoin dominates the CPU mining realm  (Read 1362 times)
tacotime (OP)
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October 19, 2011, 04:38:29 PM
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         hash rate
tbx    0.00119                     
fbx    0.00011                     
sc    0.03689 (rapid crash in hash rate over the past few days and hash rate is 6-10x that of CPUs doing scrypt work for ltc/tbx so who knows the actual number of CPUs this represents)               
ltc    0.00407 (increase of 20% over the past few days)

For a while SC2 seemed at the top, but there has been a shift over the last 24-48 hours towards litecoin and a huge loss of hashing power for SC2.  It looks as if from here Litecoin will dominate (which is unsurprising: GPU "proof", tons of pools, open source, and deflationary).

In the same vein, the price of ltc has been moving up while sc2 has been falling.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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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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October 19, 2011, 04:54:21 PM
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It looks like someone was able to mine a lot of LiteCoins at the beginning  Grin
tacotime (OP)
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October 19, 2011, 05:00:25 PM
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It looks like someone was able to mine a lot of LiteCoins at the beginning  Grin
Shhhhhh.

Additionally, here are the USD prices in $2/BTC equivalents (mean of ask+buy):
tbx       0.006000 $      
fbx       0.000700 $         
sc       0.010000 $   
ltc       0.011570 $

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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October 19, 2011, 05:09:41 PM
 #4

http://litecoin.kicks-ass.org/graphs/graphs.html  other has grown considerably

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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October 19, 2011, 05:13:06 PM
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Yours is number 2, thanks for your friendly and efficient pool, I like using it a lot.  Just looking forward to the merged mining.
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October 19, 2011, 05:15:01 PM
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Litecoin is being built up as a community effort. Not just one person holds the keys. There is many people working on making Litecoin that much better.

Mining Both Bitcoin and Litecoin.
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October 19, 2011, 07:07:44 PM
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It looks like someone was able to mine a lot of LiteCoins at the beginning  Grin

Blasphemer!

Seize him! Wink

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
tacotime (OP)
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October 20, 2011, 04:15:35 AM
 #8

12 hour later, sc2 is down another 30%.. Gg sc2

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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