Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 120. (Read 1467291 times)

LTC related in how I"m moving some dubious alts I have too much of back into LTC mining as a hedge for a few months ...till hopefully we see some recovery

My dubious 'hedge' on 12 Bitmain L3+'s the last couple weeks ....to ride the hopefully 'temp' sideways price of LTC and BTC the next few months...again,...

you probably have to be an LTC Miner for this to work and already have mining equipment that ROI enough to make it worthwhile the next few months as this temp solution

sometimes 'floating" in place and treading water is a good thing....if the alternative is sinking...(ie my LTC mining biz)

(IF LTC pumps, I'm golden...IF LTC dumps...I'm Tulips...the above is IF LTC goes sideways...I have a way to ride that wave...at least for a couple months)

Anyway, sucky price, stupid high difficulty, etc, etc, my only income is mining as of now (or selling dubious alts the next 3 years in piecemeal to live on)

thus this 'hedge' will NOT work for most folk with LTC ...but what I'm doing

https://bitcointalksearch.org/topic/m.34480264

Anyway, a convoluted way to survive mining LTC till the price stabilizes at least till the self-employed solo401k is filled up (and converted back to LTC)

(I used dubious alts to get the L3+'s above...figure if it goes to crap ...better off 'washing' the dubious alts I have too much of into LTC in the above manner)

Anyway, you probably can only do this if you are mining ..must show a self-employment income stream...so MAYBE trading LTC would work also for this.

Anyway, how I'm trying to keep the 'boat afloat' and also mine ...till things get better (or my last hope on the life raft before the 'shark' grabs me)

Perhaps above is delusional...but I always figured I'd go 1 or 2 miners too far, before it all went Kaput...so, just went for it...(hey, its only money) (sob!)

later

brad

Once Upon a time I got Litecoin at only 4 USD....I missed that price...Its one of the best crypto currency in the world....

I have good feelings for Litecoin I think it will be one of the best value coins in the future and makes holders of LTC rich.

This is one of the Best cryto Currency in the world.....

Litecoin Core v0.15.1 released!
https://blog.litecoin.org/litecoin-core-v0-15-1-release-d2a400cb78bc
updates are coming and looks like lite coin will again start rise soon
all i have to say that all the crypto market is down including BTC
but current situation is looks like crypto will start gaining more market cap soon
lite coin 114$ now market cap over 6 billion.
if lite goes under 100$ i will buy some more lite coins and hodl

ltc price was not able to gain momentum above $123 and declined against the $$.
the pair is currently trading near a crucial support at $114, which holds a lot of importance.

Welcome to Litecoin Extreme [LCE]. Join US,
Youtube Channel:https://www.youtube.com/watch?v=PTuaeUvUakQ&list=PLZKIyzYAUnKIPRC4ZdcYpcP_i9h7CI79N

  Yes, probably all correct to say about it. Perhaps very soon we will still see the denouement and learn expectations of results. Here it is just left quite a bit, wait a turn and hope for overall growth. Since the start and growth of this coin with the overall growth.

Mining is more like gambling rather than business, sometimes win and sometimes lose. but whatever you win or lose, the banker always win. That banker is bitmain for sure.

I hope that future the price of a coin will be in space.

I wouldn't say this is the perfect time to buy LTC. There may be further corrections. a $50 LTC is perfectly possible in this market.

That being said, it's much better to buy now than it was in December

This is big thing which create confusion for newcomers who mixed up these coins with ETH based tokens. This coin has totally approach and the vision for future development only mining is way to generate some coins and on other side tokens are generated through smart contracts and based on ETH platform.

https://blockgeeks.com/guides/litecoin/
https://www.investopedia.com/news/what-erc20-and-what-does-it-mean-ethereum/

Now a good time to buy Litecoin in, in my opinion. All coins are in correction mode. We'll be able to zoom upwards throughout 2018 much easier.

I suggest you read up on Bitcoin, Litecoin and cryptocurrencies in general.

These are true decentralized crypto coins that are mined and can be used for payments. Not to be confused with ERC20 tokens that may or may not have an actual use-case in place.

no clue ...but mining currently sucks the big one...not sure if BTC was to hit $4k and LTC prices were to follow, as usual, anyone could make any $$$ worth keeping up an L3+

this, as usual, is from www.litecoinpool.org/calc litecoinpool calculator (which includes its 1% bonus over as a free LTC pool)

So at 12c kWh and 300mh and 1,250 watts, a KNC Miner at $114 LTC gets:

KNC Titan 300mh = -$1.18 loss per day!

24 hours   0.02118514 LTC   2.42 USD   3.60 USD   -1.18 USD
7 days   0.14829597 LTC   16.91 USD   25.20 USD   -8.29 USD
30 days   0.63555416 LTC   72.45 USD   108.00 USD   -35.55 USD

So at 12 kWh and 250mh and 400 watts, a Bitmain L3 at $114 LTC gets:

L3 = $0.86 per day!

24 hours   0.01765428 LTC   2.01 USD   1.15 USD   0.86 USD
7 days   0.12357998 LTC   14.09 USD   8.06 USD   6.02 USD
30 days   0.52962847 LTC   60.38 USD   34.56 USD   25.82 USD

So at 12c kWh and 500mh and 800 watts, a Bitmain L3+ at $114 LTC gets:

L3+ = $1.72 USD per day!

24 hours   0.03530856 LTC   4.03 USD   2.30 USD   1.72 USD
7 days   0.24715995 LTC   28.18 USD   16.13 USD   12.05 USD
30 days   1.05925693 LTC   120.76 USD   69.12 USD   51.64 USD


This is the 'perfect storm' of Bitmain as a monopoly of 'many flavored' ASIC's (scrypt-pow above) and their method of equipment dump (toasters) with the
overall amount of miners (again of any flavor) above again...scrypt-pow (LTC) and still stuff flowing out....with the low price....BTC leading the way...FUD
and $1.5 Billion dollars of mt. gox BTC ready to dump, as soon as the trustee panics (driving BTC down and crushing alts) I'm not sure how it could look
much worse for LTC at this point in time.

We could be done mining practically anything ....over say 5c kWh electric of ANY POW COIN by say July 2018.

So the price, either breaks up soon, to overcome all the equipment and difficulty...or the MAJORITY of scrypt-pow miners left mining in the world will be L3+'s

PERHAPS, after April 17th in the USA and taxes are filed...we could see SOME price stability....but not looking to hot right now on any crypto front. That is

on 'slim' hope on what seems to be happening above.



ugly, ugly, ugly

brad

 Litecoin is a best company crypto currency market
 
First signs of a change in trend will be when the digital currency breaks out and sustains above the downtrend line 1.

Agreed with you LTC is time tested coin this has been proved this is legit investment with huge space. I also think this is still undervalued coin and new investors still has more high chance to take benefit from this project as it growing very healthy and soon it will be more valuable in next bull run.

Presently numerous as of now transparently talk about change of a coin to POS.

What's more, here and in addition in any ordinary group of supposition scatter as usual.

Somebody for and somebody against.

All in all I think positive flow of the cost is normal.

Yet, what number of it will enthusiasm to cost a coin this year?

Charlie Lee predicts the bottom of the price by April 17, then the growth. Binds this to the payment of tax liabilities in the United States. This, I think, will sway not only Litecoin but also other cryptocurrencies. We are waiting for the end of the month and keep holding.

Perhaps it is worth having such coin in the portfolio. The old project which is really checked by time and a coin with everything it is known and happy is very popular in community. I consider all this that reliable investment.