All time highest litecoin mining difficulty?

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Quote from: perhan007 on April 18, 2013, 04:04:34 PM

The litecoin hashrate dropped hard from 14 gH to almost 9. Is it because many miner changed to feathercoin?

Those are the guys that mine purely for profit.. they switched to a more profitable coin because Litecoin difficulty is too high right now.

Quote from: hak8or on April 18, 2013, 03:55:41 PM

Just curious about general opinion here. Who would think buying a new 7950/7970 or even a couple of them for mining in general, not limited to litecoin, would be a worthy endeavour? Too risky? Not worth it by now? Totally go for it?

I suggest investing in LTC the currency. I bet you double your money in a month. To make that kind of profit with a mining rig, it might take a long time.

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Quote from: tacotime on April 18, 2013, 02:55:18 PM

Additionally, much of the new LTC network is from new miners, not old ones. I've known people setting up operations in the hundreds of MH/s.

How do people cool that much Mh... they must live in the north poll. Cheesy

By my calculations, that is about 43,988 watts of computers.

That would require a 141,203 BTU, 12 Ton A/C... that's just nuts considering most homes only have 2.5 Ton A/Cs....

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Quote from: hak8or on April 18, 2013, 03:55:41 PM

Just curious about general opinion here. Who would think buying a new 7950/7970 or even a couple of them for mining in general, not limited to litecoin, would be a worthy endeavour? Too risky? Not worth it by now? Totally go for it?

If you are in purely for profit, I wouldn't expect to reach ROI anytime soon with the way the difficulty is rising. If you believe in LTC and are in for the long haul, then yes I think it is worth it. Either way I don't think buying GPUs is that risky since you can always sell them and make a good % back.

perhan007

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The litecoin hashrate dropped hard from 14 gH to almost 9. Is it because many miner changed to feathercoin?

hak8or

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Just curious about general opinion here. Who would think buying a new 7950/7970 or even a couple of them for mining in general, not limited to litecoin, would be a worthy endeavour? Too risky? Not worth it by now? Totally go for it?

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Quote from: glendall on April 18, 2013, 03:08:31 PM

I can't believe how fast the difficulty has been going up for LTC over the last month. Certainly a debbie-downer. And don't see the rate going down, nor the price of LTC going up anytime soon. ( I hope TT is correct though..)

At this rate I'm gonna to have to start mining Devcoins in a couple of weeks

!

I kind of agree with you. I see price only rising slightly or staying stable short term.

When/if Gox happens, we might go on a bit of a bull run. But, they haven't said anything about that for a while, I hope they are still planning on doing it. Also, that will just set us up for another bubble.

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I can't believe how fast the difficulty has been going up for LTC over the last month. Certainly a debbie-downer. And don't see the rate going down, nor the price of LTC going up anytime soon. ( I hope TT is correct though..)

At this rate I'm gonna to have to start mining Devcoins in a couple of weeks

!

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Quote from: Delarock on April 18, 2013, 03:04:46 PM

Correct me if I'm wrong, but I'm almost positive I saw a 13 GH network hash rate this morning, with a next difficulty estimate in the 400's. (It's in the chart at litecoinpool.org if you don't believe me)

Was that an error? Where'd 4 GH come from and disappear to?

They are the purely for profit miners.

Difficulty went up along with profitability going down, so they are now mining something else that is more profitable.

I wish they'd just stay away in the first place..

Difficulty might go down instead of up next time it changes.

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Correct me if I'm wrong, but I'm almost positive I saw a 13 GH network hash rate this morning, with a next difficulty estimate in the 400's. (It's in the chart at litecoinpool.org if you don't believe me)

Was that an error? Where'd 4 GH come from and disappear to?

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Quote from: bitcool on April 18, 2013, 02:51:10 PM

Quote from: tacotime on April 18, 2013, 02:05:44 PM

There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

How did you get the 30-40 GH/s number?

The BTC network was about 20 TH/s before the introduction of ASICs... but with the introduction of ASICs a disproportionate amount of new hash power came online as the price of BTC went through the roof.

http://bitcoin.sipa.be/

On the low end, there is 10 GH/s left to migrate, on the high end 30-40 GH/s I would say.

Additionally, much of the new LTC network is from new miners, not old ones. I've known people setting up operations in the hundreds of MH/s.

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Quote from: tacotime on April 18, 2013, 02:05:44 PM

There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

How did you get the 30-40 GH/s number?

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Quote from: tacotime on April 18, 2013, 02:05:44 PM

Quote from: CoinHoarder on April 18, 2013, 01:57:52 PM

Current difficulty: 364

Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.

It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.

It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.

Price will be at $5-10 in a month if this keeps up, I would keep your chin up. There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

If anything, now is a good time to buy.

I hope you're right.

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Quote from: tacotime on April 18, 2013, 02:05:44 PM

Price will be at $5-10 in a month if this keeps up, I would keep your chin up. There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

If anything, now is a good time to buy.

I wish there was an easy way to convert PPUSD to LTC Embarrassed

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Quote from: CoinHoarder on April 18, 2013, 01:57:52 PM

Current difficulty: 364

Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.

It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.

It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.

Price will be at $5-10 in a month if this keeps up, I would keep your chin up. There's still about 30-40 GH/s of miners left to migrate to Litecoin from bitcoin.

If anything, now is a good time to buy.

CoinHoarder

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Current difficulty: 364

Sigh.. it seems this last wave of Bitcoin mania brought a lot of new GPU miners to Litecoin.

It petty much killed profitability of it... hope you guys weren't planning on breaking even anytime soon.

It's good for the strength of the network, but sucks for miners looking to pay off or buy new equipment.

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Quote from: Herbalconfusion on April 09, 2013, 11:55:58 PM

I think there is a fairly direct relation with difficulty and value. The more mature the currency becomes the more perceived value it has. As people start mining less and less coins per day they will start feeling more comfortable giving litelcoins a more accurate value. Which i believe is more around 8-12 ltc per btc

i think 8 to 12 dollars is more accurate than $20 like u suggested

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I think there is a fairly direct relation with difficulty and value. The more mature the currency becomes the more perceived value it has. As people start mining less and less coins per day they will start feeling more comfortable giving litelcoins a more accurate value. Which i believe is more around 8-12 ltc per btc

420

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Quote from: weex on April 09, 2013, 11:17:17 PM

Quote from: Bogart on April 09, 2013, 10:58:23 PM

Quote from: 420 on April 09, 2013, 10:37:03 PM

Quote from: cdog on April 09, 2013, 10:27:30 PM

300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.

It will.

I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs.

After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000.

How do you figure? You think there'll be 30gh on Litecoin?

of course

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Quote from: Bogart on April 09, 2013, 10:58:23 PM

Quote from: 420 on April 09, 2013, 10:37:03 PM

Quote from: cdog on April 09, 2013, 10:27:30 PM

300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.

It will.

I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs.

After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000.

How do you figure? You think there'll be 30gh on Litecoin?

420

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Quote from: Bogart on April 09, 2013, 10:58:23 PM

Quote from: 420 on April 09, 2013, 10:37:03 PM

Quote from: cdog on April 09, 2013, 10:27:30 PM

300 wow I hope it stabilizes around there, this climb is insane. LTC is up a ton but the price cant sustain the skyrocketing difficulty forever.

It will.

I don't think so. I think it'll keep right on climbing as more GPU farmers get pushed out of sha256 land by ASICs.

After Avalon batch 2 has all shipped, I imagine Litecoin difficulty will be north of 1000.

I meant the price will sustain the skyrocketing difficlty

Topic: All time highest litecoin mining difficulty? (Read 18693 times)