Tell me when they're available to pre-order
Topic: [2013-11-21] Alpha Technologies Announces ASIC Miners for Litecoin are Coming - page 5. (Read 21075 times)
November 21, 2013, 12:42:17 PM
BFL is "shipping in two weeks."
November 21, 2013, 12:37:08 PM
The price of LTC relative to BTC has been decreasing steadily for the past 6 months. No reason to think that won't continue since LTC is only trivially different from BTC. You're better off using that money to buy and hold BTC.
1st: you're wrong (price went up in June to early July
2nd: no one cares about past 6 months; they care about 3 months before that when the price multiplied by 5x vs bitcoin:
http://www.cryptocoincharts.info/period-charts.php?period=1-year&resolution=day&pair=ltc-btc&market=btc-e
#burned
November 21, 2013, 12:19:24 PM
The price of LTC relative to BTC has been decreasing steadily for the past 6 months. No reason to think that won't continue since LTC is only trivially different from BTC. You're better off using that money to buy and hold BTC.
November 21, 2013, 12:08:44 PM
Tell me when they're available to pre-order
November 21, 2013, 10:41:16 AM
why is there silver when there is gold? no need for that 
Gold and silver have different and unique industrial uses. The way I see it now, Litecoin and Bitcoin are the same stuff. November 21, 2013, 10:18:30 AM
why is there silver when there is gold? no need for that
That comparison does not work. Though I suppose it explains why Litecoin is valued the way it is.
Availability of Litecoin ASICs basically makes it a Bitcoin clone. What then makes it special among the Bitcoin clones?
The value of a virtual currency comes from people using it (or the expectation of people using it in the future). Bitcoin has a much larger user base, a much larger and therefore secure network, .... Imagine there was a second totally separate internet. Why would people use that?
Gold/Silver/Copper/... are raw materials that were traditionally used as store of value. I suppose that is why people still use them as such. They also look nice.
Here's another thought. Imagine someone set up a Litecoin2 and called it Copper. I'm pretty sure you would think that to be nonsense.
November 21, 2013, 09:32:54 AM
why is there silver when there is gold? no need for that
November 21, 2013, 08:22:27 AM
Why should not be ASIC for litecoins? Everything that run on a computer can run on specialized hardware. It runs on generic hardware, why the hell should it NOT run on specialized one?
That's how people sold Litecoin. They were told that it was only a matter of time until there were ASICs for Litecoin. I suppose there is a market now to make it worthwhile to start development.
With it about to have the same properties as Bitcoin, there does not seem to be much point to it.
November 21, 2013, 08:13:39 AM
Wasn't that the thing that made Litecoin different from Bitcoin?
Why should not be ASIC for litecoins? Everything that run on a computer can run on specialized hardware. It runs on generic hardware, why the hell should it NOT run on specialized one? November 21, 2013, 07:55:00 AM
Wasn't that the thing that made Litecoin different from Bitcoin?
November 21, 2013, 07:39:26 AM
Alpha Technologies Announces ASIC Miners for Litecoin are Coming Soon
Manchester, UK-based Alpha Technologies has announced it will start developing the first purpose-built ASIC mining hardware for litecoin, signing a partnership deal with Indian designer and manufacturer Dexcel Designs.
http://www.coindesk.com/asic-miners-litecoin-soon/
Manchester, UK-based Alpha Technologies has announced it will start developing the first purpose-built ASIC mining hardware for litecoin, signing a partnership deal with Indian designer and manufacturer Dexcel Designs.
http://www.coindesk.com/asic-miners-litecoin-soon/
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