Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 113. (Read 1467291 times)

@searing you must be happy again atm hope you ll get some profit lately you ve been crying a lot       

Thanks for your sharing. I still mine this coin and i hope the prise will raise quickly soon

For everyone on this thread. Understanding WHY we badly need a pump from LTC pow-scrypt
mining point of view. Indeed, IMHO, $200 LTC at this point in time, will barely keep the boat
afloat...anyway, an aside on why LTC really, really, needs to pump from miner viewpoint..not just
making $$$..IMHO, the scrypt-pow network is going to drag price down, if this keeps trending as is....


This is for ONE L3+ 500mh at 800w (data hall situated) and current $162.50 LTC

The unit makes $1.90 USD AFTER electric costs...PER DAY!

24 hours   0.02821928 LTC   4.59 USD   2.69 USD   1.90 USD
7 days   0.19753499 LTC   32.11 USD   18.82 USD   13.29 USD
30 days   0.84657854 LTC   137.61 USD   80.64 USD   56.97 USD


the above is the price in LTC per day for a Bitmain L3+ unit (newest pow-scrypt) out there...

just a reminder that when LTC is not keeping up with folk getting new miners (even if it is Bitmain monopoly ones) that never

bodes well for LTC price in the future....so when folk say, that we need $200 buck price as soon as possible ..it is not hyperbole

if price vs difficulty on pow-scrypt does NOT keep up ..then you will have a stagnant coin here soon, price wise that is...

my take on this since mining LTC from Nov 8th, 2014...It also does not help that BCH is stealing out 'low fee transaction' thunder

..undeservedly IMHO, but there you are...So anyway, keep this in mind when folk are saying LTC has to PUMP...from a pow-scrypt

mining point of view..it has to happen soon or difficulty will outstrip mining and LTC will suffer (IMHO) ... just a cautious aside on all

this 'pump' mania...the price (again IMHO) is getting too damn low to justify mining LTC if this trendline on price vs difficulty continues

anyway, chime in, how I have seen stuff like this go since mining LTC from Nov 8th 2014.....my take on LTC due to its scrypt-pow miner nature...

brad

Yep. I bought some more when it dropped $120. Easy $1,000 by end of year.

lite coin community is very large with strong hands 
peoples are not willing to sell their lite coins at all
i think soon lite coin price will again start climbing and community of litecoin will see its price again at above 300$

Litecoin's rally is always so violent that the long line can continue to hold.

Is better to buy than to mine LTC nowadays.

I do agree with you that POW brings the coin more value in that when people buy equipment they are more "locked in" to their investment in the equipment and they can't just move coins to the market and sell them like POS coins, also the cost of the electricity used does give more merit as to why the coins are created. POW in my opinion does give more credence to the argument that these crypto coins are just not created out of thin air.

But can we honestly say that POW is sustainable for the future?

Most of the new projects in crypto are built on DPOS, do they know something we dont?

I can't help but think that POS is the future, maybe in the distant future though.


This, for sure.

One of the main reasons why I hold is the exuberant amount of on-ramps for LTC, almost anyone in the world has a chance to get some. Just look at the pairs it has lited on CMC.

LTC
400 pairs

XMR
~130 pairs

EOS
130 pairs

ADA
Only about 30 pairs

All info comes from CMC so could be a bit arbitrary.

By the way, this news today is exactly one year ...

https://techcrunch.com/2017/05/03/coinbase-adds-support-for-litecoin/

Coinbase has just rolled out full support for Litecoin, its third cryptocurrency.

Users will be able to buy, sell, send and store Litecoin from Coinbase’s  website or mobile apps, using easy payment methods like a credit/debit card or PayPal.



And the latest news: Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO

https://coinmarketcap.com/currencies/litecoin/

https://www.youtube.com/watch?v=o0eyNMXl4eY

Well, I hit a 'snag' with Coinbase's swift card that supposedly acts as a DEBIT card, and such...no fees for a bit of time also..my state MINNESOTA ..is not on the list yet....(likely,
has little to do with Minnesota and more to do we don't have all that many people)

so hard to move LTC when such a debit card is NOT allowed by the 'powers that be' in your state...

(From what I understand as another example, Hawaii does NOT allow coinbase and more than a few others)

anyway, here is the coinbase link to see if such a card is allowed in your state yet

https://support.coinbase.com/customer/en/portal/articles/2228646-the-shift-card

FML, just counted..one of only 7 states where is not allowed...so much for my 'population arguement' above.....

The main thing that has Litecoin is absolute liquidity in the crypto world: ATMs, exchanges and other services - LTC is already present everywhere. So this coin doesn't need to prove its potential with help hype.

Which pool is the best for mining?  Currently, I'm using Litecoinpool.org.

Sounds like a network problem. Check cabling, reset switches/routers, do some traceroutes to US IP addresses (BTC pools e.g.) and pings as well (to check for packet loss). This kind of results says that something's wrong.

The problem is that all the positive news for Litecoin came while the market was taking a serious dive and the positive news from LTC alone couldn't change the entire cryptomarket.  So now that all the positive news for this coin has already come and gone, no one wants to buy it because there doesn't appear to be anything positive in the works anymore. We can all likely recall Charlie's checklist of things to come. More and more got marked off the list and it did nothing for the coin, because the whole market was tanking. If we would have seen the same news last week we would have likely been sitting a lot further up the chart than we are now.

Litecoin is now listed on CryptoChartIndex , Now you can get all information regarding LTC on CryptoChartIndex!

Litecoin mentioned in regards to litecoin forks (snapshot in this case): https://medium.com/@stevensteiner/freebitcoins-com-7e3a197fe0f2

I join this opinion.

It's POW's algorithm made the market as it is. Without a presence of prime cost in a form of electricity costs and an acquisition of equipment would not have formed such a high cost of the coin. And the fact that people continue to mine the coin despite a high costs, suggests that the price of the coin will go up again.

We can easily verify this by comparing POW-coins and POS-coins. All POS-coins are cheap. Compare a  price dynamics. When the market goes down, it's POS-coins fall most quickly, because people don't spend money on electricity, do not pay back their initial investments, but simply hold balances and a node. In fact, the value of the bottom of such coins is the average price at which they got to most of holders, adjusted for the panic of individual individuals and greed of others.

I agree with the argument that the rest of the cryptomarket has grown thanks to POW-coins because they do have value formed by costs. And therefore I invest in POW-coins.

What would you suggest? is an algorithm change to anything to other than POS feasible?

Sounds to me like the only problem right now is the price.....why do people continue to mine even if they already ROI on a coin they are paying more in electric than actually mining ya know?

As a holder it's getting pretty depressing watching the price go nowhere, as coins like Tron are at our heels in market cap