To all the Litecoin haters, trolls and twats

[matthewh3]

Litecoin will have its day.  Unfortunately just not today.

LTC had it's day, and it was almost literally a day.  RIP LTC.

No, the market is much healthier now.  Mining is no longer 100% more profitable than bitcoin, the price is stabilizing and the network hash rate isn't going crazy but it is going up.  The most important thing is that the number of buy orders is still 1.4k BTC, almost as high as it was last week.  People are taking LTC more seriously now and want a bigger chunk of it if the price falls.  I expect the price will climb over the next 3 months slowly.

I agree the price is still up more than $0.01 from before the rally and in litecoin terms that's a lot.

[cbeast]

Ccorrect me if I'm wrong, heh. Scrypt is slow. It is way slower than BItcoin. It is also power intensive. It costs much more electricity than Bitcoin just to generate a hash. Are these facts correct?

[throwaway]

Yes. And the difficulty is appropriately lower.

[maxcarjuzaa]

Does anyone knows if the following is true? (due to more complex hash algorithm in LTC)

BTGPU= Bitcoin hash power on the best ATI card valued in $X
LTGPU=Litecoin hash poher on the best ATI card valued in $X (Same investment as BTC)

BTASIC=Bitcoin hash power on ASIC valued in $X (same investments as in ATI cards)
LTASCI=Bitcoin hash power on ASIC valued in $X (same investments as in ATI cards)|

(BTGPU/BTASIC)>(LTGPU/ASIC)

I read that an ASIC to mine LTC would cost much more than BTC's ASIC. How much more? Why is that?


Thank you!

[layyen]

I read that an ASIC to mine LTC would cost much more than BTC's ASIC. How much more? Why is that?

yeah, it cost much, because of LTC mining need high speed memory, BTC mining not... the hardware costs will be higher ? how much ? if it needs about 1G DDR3 ram, then it can cost about 10USD per memory more, and some memory controller is needes, may be about 25USD more in HW ? and some more time spent with writting code...

[pekv2]

No rally this weekend. Well, so far there isn't.

[Zoiner]

The naysayers still have yet to present any real arguments against Litecoin other than "Bitcoin is just as good and works."

I hear the client is trash. Haven't seen it first hand.

Any used cars for sale?

[finkleshnorts]

The naysayers still have yet to present any real arguments against Litecoin other than "Bitcoin is just as good and works."

I hear the client is trash. Haven't seen it first hand.

Any used cars for sale?

I don't follow.

[tacotime]

I read that an ASIC to mine LTC would cost much more than BTC's ASIC. How much more? Why is that?

yeah, it cost much, because of LTC mining need high speed memory, BTC mining not... the hardware costs will be higher ? how much ? if it needs about 1G DDR3 ram, then it can cost about 10USD per memory more, and some memory controller is needes, may be about 25USD more in HW ? and some more time spent with writting code...

Well, quad channel DDR3 is maybe 68GB/s, and is about 1/4th the bandwidth of a 79xx series GPU...  A quad channel DDR3 controller would probably run about $30.  Let's say that it's an ASIC similar to the BFL labs one that does 800MH/s and could do 100KH/s if the RAM speed were not limited, but is limited by RAM speed/bandwidth to 1/4th that, so 250KH/s.  Now, quad channel RAM fully loaded (4x1GB DDR3 modules) with 4 sticks will probably run about 70W at 1.5v (given 6W per 0.25V from Tom's Hardware DDR3 1.25V vs 1.5V efficiency guide).  That's 70W + 80W = 150W, even without the additional wattage for a memory controller.  Corsair quotes 1.5V memory as using 11W per stick loaded, so where ever you get the number from, it's still not negligible.

250KH/s for 150W, while an undervolted 7970, without even optimized software, gets about 500KH/s at 125W neglecting the additional 100W or so for motherboard/RAM/etc.  Although there are a lot of assumptions here, it seems pretty clear that as long as LTC mining is bandwidth limited ASIC devices will be expensive compared to GPUs in both cost to buy and operate.

[uuidman]

The naysayers still have yet to present any real arguments against Litecoin other than "Bitcoin is just as good and works."

I hear the client is trash. Haven't seen it first hand.

Any used cars for sale?

I don't follow.

See https://bitcointalk.org/index.php?topic=3485.0
Its in the https://en.bitcoin.it/wiki/History
But really not that special, as I dont know if the car was sold for btc, so LTC make your move, make history. 

[The Koolio]

ill sell my audi s3 nagaro blue with chrome mirrors and fully kitted with a 4k sound system for offers. Its 2002 plate, very nice, very quick and handles like a beast

[smoothie]

ill sell my audi s3 nagaro blue with chrome mirrors and fully kitted with a 4k sound system for offers. Its 2002 plate, very nice, very quick and handles like a beast

Accepting LTC offers?

 

[Bitcoin Oz]

Is smoothie going on a litecoin roadtrip 

[smoothie]

Is smoothie going on a litecoin roadtrip 

I will if I can come visit you in your country.

 

[The Koolio]

OF COURSE BUT HAVE TO BE GOOD LOL!

ill sell my audi s3 nagaro blue with chrome mirrors and fully kitted with a 4k sound system for offers. Its 2002 plate, very nice, very quick and handles like a beast

Accepting LTC offers?

 

[Herbalconfusion]

Just like to say thanks to the OP. People like you paved the way.

[cdog]

Lol @ old 2012 posts with people mining 8 ltc/day on a old P4 system in their mom's basement

[smoothie]

Litecoin will have its day.  Unfortunately just not today.

+1

Needed to bump this. 

[mullick]

I just read the entire thread, Way to go OP. I think you should add yourself to the list as well The chart on the first page was extremely inspirational

Seriously this makes me wish I could go back in time, Quit my 60 hour a week job I was stuck in, and get on my computer

<<< Notice the gem

[El Dude]

Bump