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Author Topic: Litecoin is officially dead  (Read 290681 times)
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October 02, 2016, 02:47:36 AM
 #1841

Its a matter of principal, Litecoin is the only true altcoin all the other ones are merely slap in the face of Bitcoin.

One thing stopping me and lots of the people I know from going all in to Bitcoin is the offensive amount of alts around destroying the very reason for Bitcoin.

Litecoin is not the culprit in this, every other coin is.
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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October 02, 2016, 02:59:02 AM
 #1842

yeah, litecoin is dead from a long time . it is a very bad news for me and also for other litecoin holder bitcoiners who are looking to increase price and get some profit .

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October 02, 2016, 04:48:02 AM
 #1843


It may not be dead....but it certainly likes 'sideways' price wise lately. Then again I use LTC mining to get BTC so maybe that is its main claim to fame.
That and trading LTC for BTC in the ease of use argument. It certainly is still do'able as a home miner to mine LTC or scrypt to BTC....pretty much impossible
to ROI with a straight BTC home miner these days.

Anyway stuff is not dead if it has some kinda use. The above are 2 examples of why LTC is still chugging along...sideways price or not...(imho I'm a bit biased with

having scrypt miners and all)


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October 04, 2016, 08:32:55 AM
 #1844

yeah, litecoin is dead from a long time . it is a very bad news for me and also for other litecoin holder bitcoiners who are looking to increase price and get some profit .

It is not dead. It is just in dormant. Its mining is just controlled by very few miners. If it is GPU mining, it will be much better.
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October 13, 2016, 04:28:47 PM
 #1845

yeah, litecoin is dead from a long time . it is a very bad news for me and also for other litecoin holder bitcoiners who are looking to increase price and get some profit .

It is not dead. It is just in dormant. Its mining is just controlled by very few miners. If it is GPU mining, it will be much better.

That is right. If it has more GPU miners, there will be much bigger user community. The price will be higher.

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October 13, 2016, 04:47:58 PM
 #1846

[TUTORIAL] Solo Mining Litecoins Guide--Windows!
https://bitcointalk.org/index.php?topic=83371.0


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October 13, 2016, 04:54:24 PM
 #1847

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

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October 13, 2016, 05:59:44 PM
 #1848

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

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October 13, 2016, 06:00:37 PM
 #1849

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

Yes, but they are all over $500, aren't they?


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October 13, 2016, 07:21:57 PM
 #1850

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

Yes, but they are all over $500, aren't they?

Newer ASICS? Yes they are more expensive.

It depends on what your endgame is. If you are trying to make money by mining you'll need to buy the more expensive miners (or get free electric). If you just want to play and learn (at a profit LOSS) then gridseed are ok (as are GPUs or even CPUs).

Examples:

an average CPU is probably 40kh/s and uses 100 watts
a 7950 GPU gets about 600KH/s and uses 220 watts
a gridseed gets 330kh/s and uses 8 watts
a KNC titan gets 300MH/s and uses 1300 watts

using the current price of LTC and an electric cost of $0.10 these are what you could expect with each of the above:

CPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00039023 LTC   0.00 USD   0.24 USD   -0.24 USD
7 days   0.00273164 LTC   0.01 USD   1.68 USD   -1.67 USD
30 days   0.01170703 LTC   0.05 USD   7.20 USD   -7.15 USD

GPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00585352 LTC   0.02 USD   0.53 USD   -0.51 USD
7 days   0.04097461 LTC   0.16 USD   3.70 USD   -3.54 USD
30 days   0.17560547 LTC   0.68 USD   15.84 USD   -15.16 USD

Gridseed:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00321943 LTC   0.01 USD   0.02 USD   -0.01 USD
7 days   0.02253604 LTC   0.09 USD   0.13 USD   -0.05 USD
30 days   0.09658301 LTC   0.37 USD   0.58 USD   -0.20 USD

KNC Titan
                   Expected Rewards             Costs     Net Profit
24 hours   2.92675781 LTC   11.36 USD   3.12 USD   8.24 USD
7 days   20.48730469 LTC   79.49 USD   21.84 USD   57.65 USD
30 days   87.80273438 LTC   340.67 USD   93.60 USD   247.07 USD

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October 13, 2016, 07:37:26 PM
 #1851

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

Yes, but they are all over $500, aren't they?

Newer ASICS? Yes they are more expensive.

It depends on what your endgame is. If you are trying to make money by mining you'll need to buy the more expensive miners (or get free electric). If you just want to play and learn (at a profit LOSS) then gridseed are ok (as are GPUs or even CPUs).

Examples:

an average CPU is probably 40kh/s and uses 100 watts
a 7950 GPU gets about 600KH/s and uses 220 watts
a gridseed gets 330kh/s and uses 8 watts
a KNC titan gets 300MH/s and uses 1300 watts

using the current price of LTC and an electric cost of $0.10 these are what you could expect with each of the above:

CPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00039023 LTC   0.00 USD   0.24 USD   -0.24 USD
7 days   0.00273164 LTC   0.01 USD   1.68 USD   -1.67 USD
30 days   0.01170703 LTC   0.05 USD   7.20 USD   -7.15 USD

GPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00585352 LTC   0.02 USD   0.53 USD   -0.51 USD
7 days   0.04097461 LTC   0.16 USD   3.70 USD   -3.54 USD
30 days   0.17560547 LTC   0.68 USD   15.84 USD   -15.16 USD

Gridseed:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00321943 LTC   0.01 USD   0.02 USD   -0.01 USD
7 days   0.02253604 LTC   0.09 USD   0.13 USD   -0.05 USD
30 days   0.09658301 LTC   0.37 USD   0.58 USD   -0.20 USD

KNC Titan
                   Expected Rewards             Costs     Net Profit
24 hours   2.92675781 LTC   11.36 USD   3.12 USD   8.24 USD
7 days   20.48730469 LTC   79.49 USD   21.84 USD   57.65 USD
30 days   87.80273438 LTC   340.67 USD   93.60 USD   247.07 USD


Great chart, and it's nice to have more figures.  I could be wrong, but from personal experience mining at one of the best litecoin pools, litecoinpool.org, I'm getting less than your figure using my Gridseed Orb.   It's mining consistently at 300 kh/s with only a rare hw error.   It wasn't compatible with the Pascalcoin miner so it was down a lot.  It still goes down on occasion.  So, with the downtime, I can't give you an exact figure.  With your figures, it isn't good except with the Titan.  330 MH/S isn't so much in ASIC terms, a used S3 does that.

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October 13, 2016, 07:44:13 PM
 #1852

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

Yes, but they are all over $500, aren't they?

Newer ASICS? Yes they are more expensive.

It depends on what your endgame is. If you are trying to make money by mining you'll need to buy the more expensive miners (or get free electric). If you just want to play and learn (at a profit LOSS) then gridseed are ok (as are GPUs or even CPUs).

Examples:

an average CPU is probably 40kh/s and uses 100 watts
a 7950 GPU gets about 600KH/s and uses 220 watts
a gridseed gets 330kh/s and uses 8 watts
a KNC titan gets 300MH/s and uses 1300 watts

using the current price of LTC and an electric cost of $0.10 these are what you could expect with each of the above:

CPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00039023 LTC   0.00 USD   0.24 USD   -0.24 USD
7 days   0.00273164 LTC   0.01 USD   1.68 USD   -1.67 USD
30 days   0.01170703 LTC   0.05 USD   7.20 USD   -7.15 USD

GPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00585352 LTC   0.02 USD   0.53 USD   -0.51 USD
7 days   0.04097461 LTC   0.16 USD   3.70 USD   -3.54 USD
30 days   0.17560547 LTC   0.68 USD   15.84 USD   -15.16 USD

Gridseed:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00321943 LTC   0.01 USD   0.02 USD   -0.01 USD
7 days   0.02253604 LTC   0.09 USD   0.13 USD   -0.05 USD
30 days   0.09658301 LTC   0.37 USD   0.58 USD   -0.20 USD

KNC Titan
                   Expected Rewards             Costs     Net Profit
24 hours   2.92675781 LTC   11.36 USD   3.12 USD   8.24 USD
7 days   20.48730469 LTC   79.49 USD   21.84 USD   57.65 USD
30 days   87.80273438 LTC   340.67 USD   93.60 USD   247.07 USD


Great chart, and it's nice to have more figures.  I could be wrong, but from personal experience mining at one of the best litecoin pools, litecoinpool.org, I'm getting less than your figure using my Gridseed Orb.   It's mining consistently at 300 kh/s with only a rare hw error.   It wasn't compatible with the Pascalcoin miner so it was down a lot.  It still goes down on occasion.  So, with the downtime, I can't give you an exact figure.  With your figures, it isn't good except with the Titan.  330 MH/S isn't so much in ASIC terms, a used S3 does that.


I couldnt remember what an orb hashed at so i googled it. 330kh/s is the first thing I saw and sounded right. Its also hard to compare Bitcoin mining to Scrypt, Scrypt is "about 1000 times harder" which is why the fastest Scrypt miners are only measured in MH/s while Bitcoin is GH/s (or TH/s now).
Litecoinpool.org is what I use as well. Ive used it almost exclusively since I started Litecoin mining and have had very very few issues with it.

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October 13, 2016, 10:43:18 PM
 #1853

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself! Cheesy

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October 13, 2016, 11:06:58 PM
 #1854

Nice!
I really like the design of this Nano Ledger.
Hopefully this announcement brings at least a little attention to Litecoin.
Its definitely a solid product, people are just looking for the new FOTM and act like they forgot about Dre.

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October 14, 2016, 01:08:46 AM
 #1855

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself! Cheesy

Now you can securely store your dead coins! YASS

The masses shall weep when LTC goes full tard to $150 per coin
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October 14, 2016, 02:27:01 AM
 #1856

From mar 23, 2014

The Gridseed 19.2 MHS Scrypt ASIC Miner is Not Real… Yet
http://cryptomining-blog.com/tag/sha-256-and-scrypt-usb-asic/

What happened to that?

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October 14, 2016, 02:37:51 AM
 #1857

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself! Cheesy

Now you can securely store your dead coins! YASS

The masses shall weep when LTC goes full tard to $150 per coin

Why not 1500?
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October 14, 2016, 02:53:56 AM
 #1858

Litecoin will be fine unless Satoshi v2 aka the Gulden dev leads 1.6.0 update is as good as they it's going to be.
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October 14, 2016, 03:47:50 AM
 #1859

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself! Cheesy

Now you can securely store your dead coins! YASS

The masses shall weep when LTC goes full tard to $150 per coin

Why not 1500?

1500? to  impossible to consider even on $150 price mark too which we could all see that ltc is almost  dying. And for sure  who  hold  of lots of  ltc would suffer big  loss indeed but who knows  it  would revive and  do make a hard  pump. Its no too late i guess.

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paramind22
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October 14, 2016, 03:52:26 AM
 #1860

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself! Cheesy

Now you can securely store your dead coins! YASS

The masses shall weep when LTC goes full tard to $150 per coin

Why not 1500?

1500? to  impossible to consider even on $150 price mark too which we could all see that ltc is almost  dying. And for sure  who  hold  of lots of  ltc would suffer big  loss indeed but who knows  it  would revive and  do make a hard  pump. Its no too late i guess.

I think the only way to save a dying coin, is for bag holders to dispurse to people who have things they want to sell for that coin.  Then, there is a wider interest in keeping the coin alive.

I hardly think LTC falls into the dying mode, but it does seem like there isn't much incentive to create with it.


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