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Author Topic: Litecoin Drops In Mining Profitability  (Read 2489 times)
Tittiez
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August 03, 2012, 07:41:55 PM
 #1

BTC: 450MH/s = 0.222BTC/day

LTC: .45MH/s = 43.391LTC/day = ~0.220BTC/day at last price

Speculators what are you thinking? The price will continue to drop? It will shoot up and you will make a lot? Just curious is all.
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August 03, 2012, 07:56:12 PM
 #2

BTC: 450MH/s = 0.222BTC/day

LTC: .45MH/s = 43.391LTC/day = ~0.220BTC/day at last price

Speculators what are you thinking? The price will continue to drop? It will shoot up and you will make a lot? Just curious is all.

It is even less than that the best I can get out of most of my machines is ~90% in Kh/s as compared to what it will do in Mh's mining BTC. Then you leave out the 5-15% I have measured for extra power used by mining LTC depending on the cards in the machine. In short most of the claims as to profitability are over estimated caused in part by the bad math so common around here..
ElectricMucus
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August 03, 2012, 07:58:50 PM
 #3

It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go.
Just wait till BTC stabilizes and LTC will go back up.


You can say that Litecoin prices are inversely proportional to Bitcoin volatility.
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August 03, 2012, 10:26:48 PM
 #4

It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go.
Just wait till BTC stabilizes and LTC will go back up.


You can say that Litecoin prices are inversely proportional to Bitcoin volatility.
+1. Many LTC hoarders are cashing out via BTC.
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August 04, 2012, 05:11:32 AM
 #5

There are 800~900K constantly on the sell side @ btc-e, about 10% of total coins mined.
Bigpiggy01
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August 04, 2012, 06:27:07 AM
 #6

It's everytime that BTC ramps up people wanna hop on selling their LTC for BTC. That brings in the panic sellers and down we go.
Just wait till BTC stabilizes and LTC will go back up.


You can say that Litecoin prices are inversely proportional to Bitcoin volatility.

Damn I never thought I'd find myself saying this but I agree  Grin

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burnside
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August 04, 2012, 07:38:56 AM
 #7

Enjoy the cheap LTC while it lasts.
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August 04, 2012, 08:20:40 AM
 #8

Enjoy the cheap LTC while it lasts.
VelvetLeaf
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August 04, 2012, 08:36:12 AM
 #9

Enjoy the cheap LTC while it lasts.

+1 well said burnside

BTC : 1GN81dxzxyFPQsyAtdocXr5S9Mcg4wcfFG
LTC : LgmYvXsYXc4xdjsMKXJWqtagxVvioK6iaw
FC : 6dpSnKMtttUUYzaRu1EB7Lu18PBRVHU3V7
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