Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 106. (Read 1467291 times)

FYI,

still losing 35c  a day on a 500mh 800 watt L3+ scrypt pow miner with LTC. This is 'supposedly' in mass 90% probably of all ASIC's for scrypt-pow and LTC

being used for the network. At my present figures I need $115 LTC to break even and about $135 LTC to get over a buck a day. Thus at 8000mh and $1,290.27

usd a month..mot real keen even at $160 LTC just to pay that to make about 47 bucks a month over

not looking to good when all this stuff gets shut off at the same time....and bitmain takes over the network

anyway comments, better minds then myself?

brad

And the second, also very interesting summit, which will be held in South San Francisco Conference Center
On this occasion there is also an announcement:
Tickets for the Litecoin Summit conference in San Francisco on September 14 & 15th are now available on https://litecoinsummit.org/

Guys, I have heard that Litepal and Litepay will be introduced few months ago, is there any news about that services? I think that there was any problem right?

I think there are a lot of real crypto-lovers in the LTC community. So I think many people will probably be interested to visit a couple of important places where the summit will take place.
Here's the first one Charlie Lee said:
I'm going to be speaking at the Asia Blockchain Summit in Taipei on 7/2-7/3.
For a 25% discount in ticket prices, use the code below. https://abasummit.co/get-ticket/
See you there!

yes it was get more intrest after gains huge value in the market
right now litecoin price is under 100$ and its ATH price was more then 320$
i thought the lite coin bottom price will be 118$ but i was wrong
according to the market condition litecoin still have good price by my point of view

Litecoin (LTC)  very interesting project

fuuny, and i get back to cloud mining after a decent break, bcs machines are so cheap, and electriciy is 0.07 usd,...the difficulty might go down as well, and the LTC up,... bcs many are shutting down, so i alreadz see more mined blocked at bitman for the L3, ...i had the feeling it had to crash the criopto for this to happen...same at OIL, it crashed to 36 usd or something before thez start to make some cut productions the sauides and the russian,.

I'm still purchasing empty qualifying Litecoin addresses for $8.60 each address (paid in Bitcoin):  https://bitcointalksearch.org/topic/m.12397182

Wow, you're swinging too high, I think. What news will serve such a great growth? I guess it's just your guess, if you had arguments, then it would be a strong forecast. Although, I also expect and believe that very soon the market will start to grow very well.

peoples are liking the Bcash but how a fork coin will be better then orignal.
people just want bitcoin cheap so they figure bcash is better then bitcoin but its not true. butcoin is bitcoin its base digital curreny and no other digital currency can beat it.
and i agree with you if new Equipment comes then older one will have no such value then current value
also they will be expensive obviously and gets more mining speed. less hardware with huge mining speed makes older hardware useless
will see what bitmain do in July 2018

I dont think there needs to be just 1 type of currency, I mean there hundreds of federal currencies all with just one basic use case which is to pay for stuff. Bcash and LTC can both live side by side IMO

the main problem with litecoin is that they are competing for the same space as bitcoin cash....and people seem to like a fork of bitcoin like bitcoin cash better

(go figure)

anyway, that is a big part IMHO of why the price of LTC has not gone over $200 usd

I just can't see the LTC price coming back over say $160 in the next 2 weeks to over come difficulty...

indeed if as I suspect new equipment by bitmain is coming out in July 2018....all current equipment in the world pow-scrypt including LTC will be really, really, hurt

so everyone shuts their stuff off due to difficulty and electric BUT Bitmain for the Summer

hell, I myself would walk to POS coins and sell out my LTC if that happened....would be all over but the singing of woe...

anyway, chump or champ we will be the first to know

Litecoin is one of the old coins in the encrypted money market. I firmly believe that this project can be developed for a long time. This round of falling LTC coins is one of the targets of observation.

no...price is some of this...but mostly it is difficulty outpacing price...thus you can never catch up....that is normal all miners

die and pan out

as far as I can tell this MAY be the first time that the current most recent generation of miners the L3+ or about (imho) 85%
of pow-scrypt miners in the world ALL are shut off due to price. Now as I say this, the ONLY one if these prices that continue

could mine pow-scrypt would be bitmain..not because of electric rates....which I assume are matched by some if not most...the

key here is bitmain probably only pays 20c on the $1 for its previous equipment and the electric...thus IF THEY HAVE NEW

equipment coming ...well they own pow-scrypt for the summer at least (till they release pre-orders in the fall after their data

halls are filled) but again in this case....the last generation of miners are killed off by the price of a coin BEFORE even the

3-4 month supposed new equipment hits the world? I mean really? Not gonna have a lot of faith in such a coin...remember

you will need near $200 LTC to overcome difficulty IMHO, to fight the glut of machines and/or the threat of them falling off

the pow-srypt wagon with difficulty...vs price....if it does get that bad and only Bitmain can mine pow scrypt for the summer

or longer...i just don't see a lot of faith in any pow-scrypt coins and LTC if it is just gonna be like BCH and bitmain is making bank

again, price rises usually are due to belief in a coin's future...but at 85% of the equip made in pow-scrypt it is all linked to

the bitmain monopoly....with the difficulty rise intertwined with the price dump of pow-scrypt coin prices and LTC ..again looks

dim in my view. (better minds than mine...chime in here) but how I see it so far...

you are probably right. you have two options really (well, three)

1. power down and wait for prices to rise
2. keep mining on speculation
(3). it's cheaper to just buy the coin.

i think you are going into negitive because lite coin price is down
and if you continuously mine lite coin at current mining speed but not sell then now and wait for the bullish move starts
then you could get good profit from it
my best guess if you want real profit then you should hold your earning from miners atleast one year
maybe in Dec 2018 litecoin price will rise higher

yeah, back to my (hopefully wrong) theme on the Bitmain L3+ units

currently, I am at NEGATIVE -$0.21 USD per day! and

NEGATIVE -$6.29 USD a month, with my data hall electric and rent.

24 hours   0.02316153 LTC   2.48 USD   2.69 USD   -0.21 USD
7 days   0.16213072 LTC   17.35 USD   18.82 USD   -1.47 USD
30 days   0.69484592 LTC   74.35 USD   80.64 USD   -6.29 USD

So, in order for me to say break even NOW at 0.00 USD a month after electric.

Swapping electric for LTC direct on www.litecoinpool.org/calc I would need:

a price of LTC at the current difficulty of:  $116.05 per LTC!

24 hours   0.02316153 LTC   2.69 USD   2.69 USD   -0.00 USD
7 days   0.16213072 LTC   18.82 USD   18.82 USD   -0.00 USD
30 days   0.69484592 LTC   80.64 USD   80.64 USD   -0.00 USD

That is not looking too dang likely

IF I wanted to get say $1 a day at current difficulty, OVER electric costs,

which in the past was pretty modest for a Bitmain L3+ scrypt-pow miner,

I would need below $159.05 to make $29.88 per Bitmain L3+ per month, after electric...
 
24 hours   0.02316153 LTC   3.68 USD      2.69 USD        1.00 USD
7 days   0.16213072 LTC   25.79 USD     18.82 USD        6.97 USD
30 days   0.69484592 LTC   110.52 USD 80.64 USD         29.88 USD

Again, I just hope I'm wrong, but I don't think I can see things flipping in our favor this

fast, even if there is NO supposed new Bitmain product at the 1.5gh and 800-watt unit...

the above calcs, don't even work with existing Bitmain L3+'s in the world (85% of all pow scrypt miners still

up, IMHO) ...so unless brighter minds than me, can 'beat me up' on this (please, I wish to be dead wrong)

it all still looks like most if not all my (and perhaps most) Bitmain L3+'s will be shut down by July 4th, 2018.

Searing

Makes perfect sense to me, we shut down 10 L3+'s about a week ago
I've still got 30 A4+ in the box, never made it to power up, and another 25 D3's got stuck with
And i'm not a person that can afford a low 6 figure mistake, credit eating me alive
* that's my whine story can someone call me a whambulance ........

Well, starting to look like I'm out of pow-scrypt mining...I am very suspicious of https://bitcoinwisdom.com/litecoin/difficulty that was on the last

3 day go around at 8.26% rise. Now with the LTC price drop and other pow-scrypt alt dumps it is down to $105 LTC. But again, you could not make anything

but under 50c ....on a Bitmain L3+ (supposed top of the current generation in mass production anyway of scrypt-pow miners). Now I see the difficulty increase with

8.4hrs to go is +1.04% yet...that, of course, is dumping due to the price.

Where I am with my data hall units including elec and rent (for anyone that cares)

A 500mh 800 watt L3+ at current $105 LTC makes:

NEGATIVE or -$0.25 per day! Or a loss for an L3+ of -$7.62 a month after electric.

24 hours   0.02318045 LTC   2.43 USD   2.69 USD   -0.25 USD
7 days   0.16226314 LTC   17.04 USD   18.82 USD   -1.78 USD
30 days   0.69541348 LTC   73.02 USD   80.64 USD   -7.62 USD


With my 8000mh at 12,800 watts that gives me below:

NEGATIVE or -$4.06 per day! Or a loss for an L3+ of -$121.95 a month after electric.

24 hours   0.37088719 LTC   38.94 USD   43.01 USD   -4.06 USD
7 days   2.59621031 LTC   272.60 USD   301.06 USD   -28.45 USD
30 days   11.12661562 LTC   1168.29 USD   1290.24 USD   -121.95 USD

Now, here is the catch....if 85% of all scrypt-pow miners still more or less able to run out in the world are losing their ass on above....the L3+ and say Bitmain

does come out with their supposed 1.5gh 800 watt unit....we are beyond doomed (thus my bitcoinwisdom difficulty above concerns)

IF Bitmain DOES NOT come out with the supposed 1.5gh 800 watt unit.....the majority of folk that can't get equipment for themselves at Bitmain's

(probably) 20% cost for equipment and also Bitmain's electric costs to boot..and still...can't get the L3+ to fly in this environment.....well

...Bitmain will simply mine what L3+ units they have up now...due to their reduced equipment costs in data hall and electric costs and pick up the slack.

and everyone else will dump off the network.

So if that dire prediction is true due to price vs difficulty...what is the pow-scrypt prices of all those coins

going to do ...including LTC .... if the only folk making 'bank' on the coins are Bitmain as the last man standing? And you are sitting on sidelines with your

now OFF L3+ miners? Are we really gonna go 'yea' 'rah' LTC and pow-scrypt and watch Bitmain cleanup and mine, because the last man standing?

How enthused are people going to be about LTC and pow scrypt...at these depressed prices, will folk be however Bitmain ends up

either with new equipment or just watching the L3+'s that are not at Bitmain's advantages for price and elec in data halls, fade from existence?

So Bitmain mines all summer, drives up difficulty and then they announce everyone can start over an get scrypt-pow miners, to replace all the L3+'s

taken off the world/board/game with their new units, as a 'start over from scratch' plan? Again, at the usual, Bitmain mines over the summer

driving up the difficulty and pre-order equipment 4 months later? Not to mention Bitmain's usual version of kicking them out like 'toasters' in mass?

hell, I'm not gonna play that

So hang on boys and girls LTC and all of scrypt-pow coins could really, really, dump hard and bad, if something does not change and the L3+ can't

manage to keep up with difficulty for whatever reason, bitmain new equipment or just running their old stuff, pow-scrypt coins and LTC could go

back down to under $50 on such a senario....again IF....current generation of L3+ miners are not worth running and the only option is to buy equip

of a dubious pre-order method, from Bitmain, watching it mine the blocks for LTC say all summer, and then not get any supposed new equipment

in the fall....again, not gonna play that tune...

As it looks now, I'll be out of all mining, by the end of the month, and with the equiv of 16 L3+ units, I can't make it, that is pretty dire, IMHO.

So they will be shut off and I'm out of any hardware mining before I go thru last years 'merry go round' of games from Bitmain again.

Anyway, my take on the pitfalls of what could happen, too much concentration in the L3+ as the mainstay miner and too damn many of them...

with Bitmain's own current data halls, and/or supposed next-generation miners going into said data halls this summer...and the 85% of Bitmain

units L3+'s out there in the world, maybe, going doorstop....this could kill pow-scrypt as dead as, how KNC killed scrypt-N in 2014! poof!

But again, as of now, my plan is all L3+'s will be OFF on July 4th 2018....that is my KILL DATE.

It could be a very interesting (in a tragic opera kinda way) July 2018!

Sorry for the rant, and hope I'm wrong about this, but, it is NOT looking in any way/shape or form good...

anyway, better minds than me, rip my viewpoint up...again, would love to be wrong...I just don't see how to get out of this hole

(sigh, it was a good run from 2013...but this may be all she wrote for me....out of hardware)

Searing

Old market, waiting for you at a price of $ 500