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pekv2
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July 07, 2012, 06:48:59 PM
 #21

This is crazy. If difficulty holds as is atleast for 7 days, I will be able to mine 2068.60145616 LTC in 7 days and exchange it at the moments exchange rate for nearly 10 BTC! 10 BTC in 7 days! Madness. It doubled up over night because it was 5 btc for me and now it's ten btc. Normally, I'd make some where around 3 btc in a week mining bitcoins.
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pekv2
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July 07, 2012, 10:33:37 PM
 #22

This is crazy. If difficulty holds as is atleast for 7 days, I will be able to mine 2068.60145616 LTC in 7 days and exchange it at the moments exchange rate for nearly 10 BTC! 10 BTC in 7 days! Madness. It doubled up over night because it was 5 btc for me and now it's ten btc. Normally, I'd make some where around 3 btc in a week mining bitcoins.

Difficulty raised already.
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July 08, 2012, 05:11:58 PM
 #23

This is crazy. If difficulty holds as is atleast for 7 days, I will be able to mine 2068.60145616 LTC in 7 days and exchange it at the moments exchange rate for nearly 10 BTC! 10 BTC in 7 days! Madness. It doubled up over night because it was 5 btc for me and now it's ten btc. Normally, I'd make some where around 3 btc in a week mining bitcoins.

Difficulty is getting jacked up.  It looks like the LTC community sort of starting buying into itself as soon as ASIC's promise shown up.  People are expecting to mine LTC, and since they are investing money into it developers are going to pick up LTC, and it will quickly integrate into everything that Bitcoin already has.  Bitcoin paved a path, LTC just needs to walk down it.  The early LTC miners might make a killing, but as of now it could all just collapse.  We're making a lot on ltc vs. btw mining now, but in 2 weeks time it will average (probably sooner).  Until ASICs consume BTC, I could see a back and forth with GPU miners.  If no progress is done with the actual public use of LTC though, we're all just sitting on wooden nickels.
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July 12, 2012, 10:55:35 AM
 #24

The problem with both currencies is that you can't trust any significant amount of coins to anyone. See Bitcoinica clusterfuck. I'm guessing come November and the block reward halving Gpu mining might be the only legal thing left to do with GPUs to earn any money at all. Except if you want to "mine" Diablo III gold or rare items.

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