Just a 'few' (groan) small problems with LTC bouncing back with the price and difficulty action
ie...IF the top end machines available are doing 90% of the LTC mining say now, and they are ALL L3+'s then
I can't see a lot of progress with current price and difficulty bomb
it is not like the old days of various types of equip ..some more efficient than others....it... is now a clone army
so IF difficulty goes down ...then
yep…and everyone turns there machines back…if the majority of L3+'s are the only things LEFT mining LTC…then it goes to reason that anytime difficulty drops…the
majority will turn their machines back on in that all are the same speed and advantage rinse/wash/repeat with current difficulty vs price ....a conundrum!
only electricity will be the determining factor…that will eventually determine this ..with bitmain being the end centralized result maybe
thus the whole network will yo/yo or if the difficulty gets too high that only Bitmain (their own low cost per unit and low electric)
will be able to mine pow-scrypt coins and LTC and all else will be turned on ...that will be beyond ugly...
so are people really going to support a coin that bitmain can only mine say over the summer (or worse have a new machine doing so at better eff and running difficulty
really up) before the usual 4 - 5 months ‘pre-order’ of the same is in anyone’s hands?
sh*t LTC and Charlie Lee might have to make it a POS coin…if the only one able to mine LTC is going to be bitmain over the summer and/or worse as I mentioned above
This is what you can make with the latest L3+ today at 500mh and 800 watts at ave USA price of 12c kwh at the current price for LTC of $117
this is from
www.litecoinpool.org/calc (this is free LTC pool and pays 101% the calc includes the 101%)
|24 hours|0.02509517 LTC|2.94 USD|2.30 USD|0.63 USD|
|7 days|0.17566618 LTC|20.55 USD|16.13 USD|4.42 USD|
|30 days|0.75285505 LTC|88.08 USD|69.12 USD|18.96 USD|
And Bitmain has the L3+ at $490 USD for making 63c a day on above calculations
yeah, IMHO, they have to have a NEW miner they are gonna pop out this Summer and run for 4 months
nothing else makes any sense…so I’d wait on getting ANY ASIC miner of ANY flavor or protocol…
also if you are into BTC the 7nm (vs Bitmain 14nm) has just come out…they claim to want to kill
Bitmain …I wish them luck
https://www.coindesk.com/1999-gmo-reveals-details-of-its-new-7nm-bitcoin-miner/likely, they eventually will have scrypt-pow…i.f the price justifies it that is...a guy can hope!
later
brad