[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 223.

Periodik

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Quote from: unchained on August 18, 2017, 02:08:58 AM

Quote from: hansen.ng on August 17, 2017, 06:22:23 PM

Litecoin is one of the oldest cryptocurrencies out there. The user base is bigger than a lot of other coin out there. This can be seen from the current rank at 6th on coinmarketcap. I think Charlie Lee have something huge planned out for this project. So at current price it is a great buy.

I fully agree. And today we have a Litecoin developer update. Exciting Grin

Maybe let us wait for these new coins heavy correction and old reliable coins like Litecoin will start owning volumes once again.

unchained

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Activity: 361

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Quote from: hansen.ng on August 17, 2017, 06:22:23 PM

Litecoin is one of the oldest cryptocurrencies out there. The user base is bigger than a lot of other coin out there. This can be seen from the current rank at 6th on coinmarketcap. I think Charlie Lee have something huge planned out for this project. So at current price it is a great buy.

I fully agree. And today we have a Litecoin developer update. Exciting Grin

hansen.ng

sr. member

Activity: 632

Merit: 250

Litecoin is one of the oldest cryptocurrencies out there. The user base is bigger than a lot of other coin out there. This can be seen from the current rank at 6th on coinmarketcap. I think Charlie Lee have something huge planned out for this project. So at current price it is a great buy.

wgd

legendary

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Can we say that llitecoin collected on btc-e have returned to the market? Are they still out of range? Roll Eyes

Euro1000

full member

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Falcon Private Bank (Swiss) added Litecoin (beside Bitcoin Cash and Ethereum) to its portfolio:
https://cointelegraph.com/news/after-bitcoin-swiss-bank-becomes-first-to-offer-bitcoin-cash-altcoins

Mr Frog

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Bitcoin is the King

It's BTC time. But LTC will shine again soon. No worry. Litecoin community is huge.

alevlaslo

hero member

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First the bottom of the LTC was 0.006, the next was 0.003, and now it seems that 0.0015

_Ini_

newbie

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Quote from: Mr Frog on August 13, 2017, 03:12:12 PM

Quote from: _Ini_ on August 13, 2017, 12:16:19 PM

Quote from: Thetaj on August 13, 2017, 12:14:25 PM

Quote from: _Ini_ on August 13, 2017, 11:20:31 AM

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

L3+ Antminer ASIC chip
https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm

thx

Mr Frog

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Bitcoin is the King

Quote from: _Ini_ on August 13, 2017, 12:16:19 PM

Quote from: Thetaj on August 13, 2017, 12:14:25 PM

Quote from: _Ini_ on August 13, 2017, 11:20:31 AM

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

L3+ Antminer ASIC chip
https://shop.bitmain.com/antminer_l3_litecoin_asic_scrypt_miner.htm

Thetaj

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Activity: 402

Merit: 116

Quote from: _Ini_ on August 13, 2017, 12:16:19 PM

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

Its ok, we were all noobs once. Do some research in the language you prefer. Litecoin mining is pretty much the same as Bitcoin mining now

jtalk

legendary

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Also I succeeded to raise the number of Litecoins in my basket. It was nice but totally unexpected how people deal with precious coins. Litecoin's rally will start once we see some stability in Bitcoin. Alos so many things like lightening network is coming of which these two will be benefited. My focus is shifted to Litecoin from other tokens in preparation to long run.

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: Thetaj on August 13, 2017, 12:14:25 PM

Quote from: _Ini_ on August 13, 2017, 11:20:31 AM

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

You mean Litecoin is not GPU mined? What do people use to mine Litecoin? CPU, Asics, RAM?

Thetaj

full member

Activity: 402

Merit: 116

Quote from: _Ini_ on August 13, 2017, 11:20:31 AM

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Because they are for different algorithms. If everyone in the world with an ETH mining rig switched over to mine Litecoin right now, the power of all their machines together would not even reach 25% hash power for Scrypt. This is why it is not economically viable to mine Litecoin with GPUs.

If it was, everyone would be doing it, including me, but it isn't.

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: Thetaj on August 13, 2017, 10:20:37 AM

Quote from: _Ini_ on August 13, 2017, 10:08:24 AM

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back

. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?

Let me correct that for you. Ethereum's hashing power is a little bit lower than Litecoin's. The reason for that is that Litecoin uses Scrypt algorithm, which isn't the same as ETH (which uses Keccak or SHA3 and the POW is Ethash). To put things into a little perspective: Litecoin's Scrypt algorithm is about 1000X more difficult to do (more memory intensive) than SHA256D; the Bitcoin POW. So basically 1TH of Bitcoin mining will only translate to about 1Ghz of Litecoin mining within the same chip power.

If you would like to test it out yourself, I suggest you take your Ethereum Mining rig and try to get it to mine some Litecoins. You will understand my point very quickly since your GPUs will literally be mining dust if you try to mine Litecoin with it.

I suspect the reason why no one has answered you is because this is actually pretty common knowledge and they have far better things to do than me

thx I've not done so much research on Litecoin so far, because I was not interested. But why you compare GPU mined coins with ASIC mined coins and not Litecoin with Ethereum. You compare Bitcoin THz with Litecoin GHz why not compare Ethereum THz with Litecoin?

Thetaj

full member

Activity: 402

Merit: 116

Quote from: _Ini_ on August 13, 2017, 10:08:24 AM

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back

. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?

Let me correct that for you. Ethereum's hashing power is a little bit lower than Litecoin's. The reason for that is that Litecoin uses Scrypt algorithm, which isn't the same as ETH (which uses Keccak or SHA3 and the POW is Ethash). To put things into a little perspective: Litecoin's Scrypt algorithm is about 1000X more difficult to do (more memory intensive) than SHA256D; the Bitcoin POW. So basically 1TH of Bitcoin mining will only translate to about 1Ghz of Litecoin mining within the same chip power.

If you would like to test it out yourself, I suggest you take your Ethereum Mining rig and try to get it to mine some Litecoins. You will understand my point very quickly since your GPUs will literally be mining dust if you try to mine Litecoin with it.

I suspect the reason why no one has answered you is because this is actually pretty common knowledge and they have far better things to do than me

_Ini_

newbie

Activity: 51

Merit: 0

I recently saw that the hashing power of Ethereum is way larger then the hashing power of Litecoin. As far as I know both are GPU mined. Correct me if I'm wrong, then I take everything back

. So my statement:

Just one mining-pool of Ethereum can easily destroy Litecoin. So why does Litecoin have any value associated with it at the moment?

Belogvardeec

legendary

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Thank you, very kind of you

Could you next time squeeze below 0.0112?

Belogvardeec

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Go < 0.012 Cool

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: NrX on August 05, 2017, 07:44:26 AM

Quote from: MUG1WARA on August 04, 2017, 09:52:51 PM

I agree. Litecoin is getting stronger for now. The time will come to be even better Cool

Exactly this is my thinking too. People are too busy with other markets to make quick bucks and are not paying attention how LTC is being accumulated and then suddenly it will start running without letting big margin for day traders with other markets. We may expect easy 40% to 50% increase in short term.

I'm hoping it will, I have a lot of regrets not holding litecoin had hundreds of litecoin in the past now I only have 50 litecoin left now I'm a believer and will never sell it again, now that's gaining ground.

huanglui

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Activity: 529

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Quote from: seasonw on August 12, 2017, 03:08:16 AM

Quote from: AgatioX on August 12, 2017, 01:51:04 AM

Guys whats comission is OK for litecoin to transfer?
Whatever i choose it says within 25 blocks.Does it matter ?

Do you mean transaction fee?

will LTC hits 30$ ? and what's the reason?

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 223. (Read 1467278 times)