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Author Topic: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork  (Read 67881 times)
quovadiz
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March 31, 2014, 03:28:11 PM
 #221

Why buy asics if mining with them isn't profitable unless you're the manufacturer smart ass?

I won't bother posting anymore, people in here need to get an MRI scan.

Perfectly agree with you... but lot of people have big problems... and will go on to think that asics means more hashpower for less energy, more coins with less fatigue... what to do? let them to think what they want... to spend their money and to realise after 2 months their hashpower is already shit and they didn't pay back the investment yet... not last they could use their asics as hi-tech ornament...

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quovadiz
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March 31, 2014, 03:43:49 PM
 #222

Why buy asics if mining with them isn't profitable unless you're the manufacturer smart ass?

I won't bother posting anymore, people in here need to get an MRI scan.

This. The only people who make any real money off ASICs are the manufacturers of them. By the time they sell them on to the public they're practically worthless.

"ASICs put power in the hands of the little guy!" LOL, there's one born every minute.

That $400 S1 Antminer will never pay for itself. Neither will the Titan when KnC have finished mining with it and flog it on to you suckers. For people in the money game it's amazing how many of you can't do simple math.

Ahahahah! EXACTLY!!!

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March 31, 2014, 04:06:47 PM
 #223

Added a link to the statement of a Litecoin developer to the OP.

https://litecointalk.org/index.php?topic=18166.0

Meep meep
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March 31, 2014, 04:40:56 PM
 #224

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.

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March 31, 2014, 05:04:47 PM
 #225

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.

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March 31, 2014, 05:35:02 PM
 #226

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.

QFT!

People are just ignorant or brain dead...
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March 31, 2014, 05:38:31 PM
 #227

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.

QFT!

People are just ignorant or brain dead...

Exactly.

Litecoin suffers form "the law of the handicap of a head start".

Same thing killed Nokia. It made the management of Nokia afraid to make changes to their business model and products (like their OS Symbian).

We don't want LTC to become the next Nokia or Kodak.
If Bitcoin is Napster, let LTC become Torrents.

Meep meep
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March 31, 2014, 05:44:51 PM
 #228

We don't want LTC to become the next Nokia or Kodak.
If Bitcoin is Usenet, let LTC become Torrents.

fixed it for you Wink

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March 31, 2014, 05:47:49 PM
 #229

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.
+1

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March 31, 2014, 05:50:24 PM
 #230

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.

they made ​​an investment, and they harvest the result of their investment! where's the problem?! BTC is not a communist project!
manfred
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March 31, 2014, 05:57:35 PM
 #231

Something like this would kill the cryptoworld altogether. No-one would put any many in any coin as it could be done to any coin. Which one would be next Bitcoin, Doge?
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March 31, 2014, 05:58:37 PM
 #232

What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.

ASIC will stratify LTC with BTC, separating it from the shit.


WIth ASIC big money is GOING AWAY from cryptos ..

KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."


They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.

they made ​​an investment, and they harvest the result of their investment! where's the problem?! BTC is not a communist project!

This debunks The legend of mighty hashrate that will secure our coin (from sky falling on our heads).
Also, farms like that will invest, rape and harvest not only LTC but any other profitable coin. In communism they will be executed, but no one is going to shoot that guys. They have right to act and others to react "within the law" Wink
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March 31, 2014, 06:47:10 PM
 #233

You are probably a troll or you don't know what you are talking about...

Clearly, it will take much much time and effort to make a hard fork with compatible blockchains, the people here are rather lazy, just want easy money, and won't spend time ont that.

And X11 is not a revolutionary algorithm but a mix of several sources adapted (blake, bmw, groestl, jh, keccak, skein etc.)
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March 31, 2014, 06:49:00 PM
 #234

I'm not supporting this.

Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.

Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.

It's within everybodys discretion to invest in asics or not. Nobody forbid it.

But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.
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March 31, 2014, 06:58:32 PM
 #235

Again, this is nothing more than a troll thread of folks trying to spread FUD.


As long as im involved with LTC this will never happen.



I'm also having doubts about this thread, considering that it was mentioned by the OP it is a group of folks who are senior members here. It sounds more like a few folks that dont want LTC to succeed and want to confuse people. Either that or they have put little thought into this (or its an April fools joke).

Follow me on twitter https://twitter.com/TheRealMage for Litecoin and Litecoin Association news!
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March 31, 2014, 07:06:41 PM
 #236

this is the same team behind some coin fork lately? THE 51% TEAM  Cheesy, dont fall into this they already mine tons of their forked version LTC and plan this 51% attack.
if anyone has the right to do algo change, is the dev. heck they not even bother to contact the dev

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March 31, 2014, 07:22:04 PM
 #237

Will a hard fork reset the diff starting back at 0?



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March 31, 2014, 07:28:28 PM
 #238

http://www.cryptocoinsnews.com/2014/03/31/litecoin-hardfork-im-gesprach/

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March 31, 2014, 07:42:40 PM
 #239

I'm not supporting this.

Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.

Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.

It's within everybodys discretion to invest in asics or not. Nobody forbid it.

But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.

Agreed. You can't just change an algo to support your market position. Create a new coin and let them compete.
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March 31, 2014, 07:42:49 PM
 #240


+1!

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