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Author Topic: Random LTC statistics  (Read 1082 times)
smoothie
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July 01, 2012, 06:55:53 AM
 #1

I find it hard to believe that each person (on average) has only invest $151 of their time,electricity, or finances on LTC with the hardware that exists, the mining software that exists (reaper etc.), and the sites that have come up (mostly pools for the time being).

Now coupling all of this with the fact that ASICS will drive GPU and FPGA miners elsewhere once ASICS hit the bitcoin market. The price of BTC will increase which in turn will also doubly increase the price of LTC.

Then again...I could be wrong  Grin Cheesy Wink Smiley

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    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
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                   ²²²                 
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July 01, 2012, 04:22:58 PM
 #2

More services that will be exclusive for ltc or ltc + btc will increase the ltc value even more. Also expect more miners to change from btc to ltc (like me) because it's more profitable (some cases).
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July 01, 2012, 06:46:15 PM
 #3

Well done Smoothie,

most likely your pockets are as full as mine. I have bought +800k Litecoins over the last 6 months.
I can see that you are trying to increase Litecoin value, yes, we can pump more money in it, or perhaps its time to start offering services.
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July 02, 2012, 06:25:53 PM
 #4

162,792 total LTC blocks = 8,139,600 LTC

Current Bid price at BTC-E.com - 0.001389BTC/LTC

8,139,600 LTC = 11,305.9044 BTC = $75,636.50

Litecoinpool.org has about 153 users mining currently at 21.5MH/s

Total Hash Rate of LTC network is about 58.3MH/s

I'd say there are roughly 375 unique miners of LTC at least.

Not every person who owns LTC is mining LTC from what I can confirm on chats etc.

So the user base of people holding LTC is at least 500 people.

Now take the entire market cap of $75,636 / 500 people = $151 per person.

I find it hard to believe that each person (on average) has only invest $151 of their time,electricity, or finances on LTC with the hardware that exists, the mining software that exists (reaper etc.), and the sites that have come up (mostly pools for the time being).

Now coupling all of this with the fact that ASICS will drive GPU and FPGA miners elsewhere once ASICS hit the bitcoin market. The price of BTC will increase which in turn will also doubly increase the price of LTC.

Then again...I could be wrong  Grin Cheesy Wink Smiley

Genius mate !

Price of USD increase so that will also make price of BTC increase too !

You don't have a clue ... when BTC price rises ALL altchain prices FALL.
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July 02, 2012, 06:56:34 PM
 #5

Wait a second. What's to stop me mining with my gpu and 90%ing your network?
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July 02, 2012, 07:02:49 PM
 #6

162,792 total LTC blocks = 8,139,600 LTC

Current Bid price at BTC-E.com - 0.001389BTC/LTC

8,139,600 LTC = 11,305.9044 BTC = $75,636.50

Litecoinpool.org has about 153 users mining currently at 21.5MH/s

Total Hash Rate of LTC network is about 58.3MH/s

I'd say there are roughly 375 unique miners of LTC at least.

Not every person who owns LTC is mining LTC from what I can confirm on chats etc.

So the user base of people holding LTC is at least 500 people.

Now take the entire market cap of $75,636 / 500 people = $151 per person.

I find it hard to believe that each person (on average) has only invest $151 of their time,electricity, or finances on LTC with the hardware that exists, the mining software that exists (reaper etc.), and the sites that have come up (mostly pools for the time being).

Now coupling all of this with the fact that ASICS will drive GPU and FPGA miners elsewhere once ASICS hit the bitcoin market. The price of BTC will increase which in turn will also doubly increase the price of LTC.

Then again...I could be wrong  Grin Cheesy Wink Smiley

Genius mate !

Price of USD increase so that will also make price of BTC increase too !

You don't have a clue ... when BTC price rises ALL altchain prices FALL.

Yeah bro. You don't have a clue. Perhaps you should look at the NMC price when BTC rose to $30+

Dont post if you don't have a clue what you are talking about. Just like "shortbus" you fail so hard LOL

Ad hominem attacks FTW.

To think someone accused me of being you once ...

Over many months of trading, I have seens that altchains drop in BTC value when BTC goes up against USD.

I was not talking about NMC ( not a real altchain ), "bro".

Was talking about SLC, LTC, IXC, IOC, RUC etc.
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July 03, 2012, 07:20:44 PM
 #7

So Bulanula, the price went up in LTC/BTC when BTC/USD price went down....

Shows how much you don't know about what you claim to know.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
bulanula
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July 03, 2012, 10:51:53 PM
 #8

So Bulanula, the price went up in LTC/BTC when BTC/USD price went down....

Shows how much you don't know about what you claim to know.


Stop trolling for once dood.

LTC / BTC price went up because somebody has a ton of LTC and needs to pump up the price before they dump and make a killing.

Too bad the SEC can't get involved in this obvious pump and dump.
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July 03, 2012, 11:17:38 PM
 #9

Pukanula, you talk like a woman. You have nothing to say but you keep coming up with all sorts of stories.
No one is interested. Keep for your information for yourself, cause its useless to others.
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July 03, 2012, 11:24:56 PM
 #10

Litecoin performs a valuable service of providing redundancy in case something happens to bitcoin - like terahashes of ASIC miners for instance Smiley

smoothie
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July 04, 2012, 12:03:29 AM
 #11

So Bulanula, the price went up in LTC/BTC when BTC/USD price went down....

Shows how much you don't know about what you claim to know.


Stop trolling for once dood.

LTC / BTC price went up because somebody has a ton of LTC and needs to pump up the price before they dump and make a killing.

Too bad the SEC can't get involved in this obvious pump and dump.

Okay so you are a troll, a scammer, a woman, and also clueless?  Grin Grin Grin Grin Grin

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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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