Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 109. (Read 1467291 times)

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It doesnt look too well. Liquidity on the market has dried out and its still slowly drifting lower day by day.

Its interesting that after all those years, there is still no decent competition in ASICs manufacturing. I used to think other companies will see the huge market potential and jump into developing their own asics. But no, so far the monopoly is getting stronger :/

Good news !!!

Litecoin is added to Blocknet / BlockDX (Decentralized exchange & communication protocol between many different blockchains). You can trade and build dapps for your favorite coin.      

(Full launch with Litewallet and beautiful gui is July 1st)  https://bitcointalksearch.org/topic/annblocknet-truly-decentralized-exchange-token-ecosystem-infrastructure-829576

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 nothing new.. LTC is dead since satoshi lee did his trick

NO...IMHO that is...Bitmain is the main mnfg of about 90% or more ASIC's of any flavor..not just LTC and pow-scrypt....sha-256 and blake2b, etc

Thus no scarcity will be involved...just them taking over as a monopoly say of pow-scrypt...in that they probably have a better pow-scrypt miner in the works

and while they may not LIKE these LTC and pow-scrypt prices...they probably only pay at max 20% of the value of the equip and cheap electric

with them just supplying themselves for their own data halls...(small consumer miners are out) all the pow-scrypt profits would go to them or others as

big...


Thus, this comes to mind, how 'excited' will anyone be ...wanting to trade and promote LTC for example...if stuff in mining for pow-scrypt becomes this

centralized....add to the pre-order model where Bitmain mines for 4 months driving LTC difficulty up...(last time they did this 30%) then letting the

consumer get these same machines 5 months afterward.....again, with the pre-order $$$ benefits too boot, before shipping 4 months later

It will at that time be so obvious IMHO, that the price of LTC will dump...and people will stop playing the game...thus less value in LTC means less price

if folk, see this and see it 'played' in this manner by Bitmain or others...

so LTC will still be mined, but by centralized big boys like Bitmain who will make the chip/promote the chip and algo/and then mine the chip themselves

for the most part....so again, IMHO, without the 'consumer type hobby miner' 20 or fewer machines.....why would anyone promote this algo of pow-scrypt

or LTC etc? Folk again, IMHO, will move on to POS coins or Masternodes...and/or other algo's and coins...should they see my above 'dubious' claims

come to be.

On a good note, perhaps the dump of L3+'s has slowed.....less than 1% rise in difficulty last go around, however, I'm still unsure if Bitmain does not have

the 'supposed' 1.5gh miner in the works...(see above scenario) ....that in my view would be the sign to dump my hoard of LTC into something else entirely

Something has to 'break' to make consumer type mining (of the stuff that is out in the world NOW) worth mining and getting excited about..that means

price improvement....but not sure if that will to be...hope I'm dead wrong ..but I've been into mining coin since 2013...it is looking ugly indeed....

Can we believe that the Litecoin mining period is over? According to recent posts in this topic is a strong indication that yes. In particular mining is not my area and I am only an art sympathizer, but in my opinion after the definitive termination of Litecoin mining we may come across a large increase in value due to scant and demand.

All I now is it is not gonna bode well...if consumer mining dies for LTC...currently the top Bitmain unit an L3+ is making 51c  a day for me...

I find it likely that IF this consumer mining pukes and than Bitmain jumps in for the summer with a new unit (the will mine) then offer in the late

fall....the price is really gonna take a hit....for LTC in that folk are gonna just say 'fu*k* this and do masternodes or go to pos coins...


you show that much 'centralization' and everyone is gonna walk and again...LTC and other scrypt-pow will suffer

It is not like all the consumer miners are going to run out on a pre-order for fall after watching Bitmain mine for 3-4 months alone with say

new equipment ...THEN offer crumbs...I just don't see it...and this will be reflected in a dump in price for all pow-scrypt coins IMHO, a big fall indeed...

the small consumer miners of any pow-scrypt or other ASIC OR GPU mineable coin are the 'cheerleaders' for that coin..you take away the 'cheerleaders'

and the only thing left, is centralized Bitmain ...mining and offering 4 month pre-orders...yeah..that is not gonna end well

monopolies always eat their young and blow up their own environment...seems this is the path...

anyway, my view for what it is worth...

brad

Hence why any coin under .10c got massive spikes in volume last winter, newbs dont look at bitcoin price only usd price, dont understand that % gain is all that matters.

https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=Litecoin+%28LTC%29&SortBy=0
What about news for ltc? Only for september? What happening with ltc guys???

Litecoin is also on the voting poll as default to be listed on Dx.exchange powered by Nasdaq. I think everyone should vote who wants to see LTC stronger and valuable much more than now. I think community can do this https://www.facebook.com/dx.exchange/app/126231547426086/?app_data=%7B%7D . This is the link I found somewhere to share with people here to do small effort.

Why there are some people promoting their own projects here? Because this is one of the most followed threads in this forum?

Here is a good troll by Satoshi Lite few hours ago https://twitter.com/SatoshiLite/status/998418013979226112. At first I though he really is serious and then I realized he's got no Litecoins anymore. Just kidding though.

yes no doubt that litecoin is very old and stable crypto right now in the market
and its transaction price is really cheap
newbies are buying that because its cheap transaction cost cheap and easy to move from one wallet to another
always newbies prefer cheap crypto currencies. because they won't spent a lot and can't take high risks

This market of LTC as far as I understood works in its ways. There are periods when steady increase in its price keeps going on and then similar when there is no visible surge in its price. Satoshi Lite is active and doing his best for this baby so all will be better again. Just need supportive market and LTC will be flying like before.

Not only that, because is well established currency, one of the oldest projects, it's stable and has cheap transaction costs.

i m not a technical guy but wouldn t ltc be fucked it they keep on this path since bitmain will not change their tactics any time soon

the change should come from ltc as i can imagine they see this too that most of their coins are getting mined by one or two company s

if this keeps up problably most people will move away from ltc imo therefore tanking the price

it could happen that script mining will become absolete or the coins that have scriptmining will devalue a lot

As an aside on Litecoin Mining....with .....supposedly, the latest available and cheapest prices ..current generation machine for offered for consumers by

Bitmain...an L3+ at 500mh and 800 watts...at $135 LTC.well at my current rent/hosting rate...I am currently at 54c a day per L3+ (there is a community supported

overclock on another thread I have heard that is safe...so maybe I could add 10% hash..and make 61c per day...have not got to it yet)

So 54c a day at $135 LTC, this is NOT looking good... the difficulty is still outstripping price by more than a 'bit' IMHO.

At the current difficulty today, I would need, $155 LTC to make over a buck at $1.01 USD....per day...

So again, mostly for those that don't mine or are unaware on this thread, the danger is that even IF the price of LTC went back to $200 bucks...if the

difficulty continues to outstrip what the consumer version miner that Bitmain makes the L3+ as an example..then it will 'complete' centralization

in that, only the mnfg (Bitmain)..that gets these units at 'likely' 20% at cost at worst...with 'supposed' cheap electric....could mine..the rest of us

consumer sized folk buying the consumer versions at the Bitmain prices...would be beyond 'screwed' ....to say that pow-scrypt

mining (LTC) would be centralized would be an epic understatement...which I can't see the price of LTC, reflecting well,

if only Bitmain sized operations suddenly can mine at a profit (meager for them it may be as well)....due to their large economy of scale...
 
We need a breakout in price for LTC (scrypt-pow mining) and BTC (sha-256) as well...or again, IMHO the price will reflect the elephants in the room

and the obviousness of 'complete and utter' centralization of these coins and price will reflect this badly in price (again, IMHO) and it may be rinse/wash

and repeat on a price spiral down...further...

shudder

edit: Just to clarify I have 22 Bitmain Units up in a data hall....so my idea of me being small and it not working out (all but 6 have ROI'd) should have

some meaning from where I'm coming from on all this.....

Yes, this should be one of the most primitive coins. I believe there will be a peak coming again in the future.

I think a lot of newbies buy litecoin because its easy to buy on coinbase

LTC very well holds the level of 0.016. I think that you can expect a good growth from LTC, when the situation with bitcoin is stabilized and it will stop falling. Recently, light has proved worthy of many crypto-currencies.
Hope, we will see new highs this year)