[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 325.

SgtSpike

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Quote from: smoothie on July 03, 2012, 03:19:26 AM

Quote from: SgtSpike on July 02, 2012, 05:54:57 PM

Quote from: crazy_rabbit on June 29, 2012, 03:25:07 PM

Quote from: SgtSpike on June 28, 2012, 07:49:07 PM

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

Still not worth it. If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason. Instead, it would be much smarter to put that $9 into the coins themselves. Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC.

Mining at a loss makes no sense. Buy instead of mine at that point.

Yes you have the right idea. Some mine for the novelty of mining despite the loss.

Early bitcoin miners mined at a loss too. It was for the novelty and look at them now with their stashes of BTC Grin

Early bitcoin miners who were mining at a loss also could have had even larger stashes of BTC if they had bought instead of mined.

I can understand it from the novelty or hobby perspective, but from any other perspective, especially financial, it just doesn't make sense.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: SgtSpike on July 02, 2012, 05:54:57 PM

Quote from: crazy_rabbit on June 29, 2012, 03:25:07 PM

Quote from: SgtSpike on June 28, 2012, 07:49:07 PM

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

Still not worth it. If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason. Instead, it would be much smarter to put that $9 into the coins themselves. Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC.

Mining at a loss makes no sense. Buy instead of mine at that point.

Yes you have the right idea. Some mine for the novelty of mining despite the loss.

Early bitcoin miners mined at a loss too. It was for the novelty and look at them now with their stashes of BTC Grin

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: crazy_rabbit on June 29, 2012, 03:25:07 PM

Quote from: SgtSpike on June 28, 2012, 07:49:07 PM

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

Still not worth it. If I was going to pay $9/month in electricity to mine $2.44 worth of LTC, then I just lost $6.56 for no good reason. Instead, it would be much smarter to put that $9 into the coins themselves. Then, at the end of the month, I have $9 worth of LTC, instead of $2.44 worth of LTC.

Mining at a loss makes no sense. Buy instead of mine at that point.

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

Litecoin Pirate Passthrough if anyone is interested: https://bitcointalksearch.org/topic/ltcppt-litecoin-pirate-pass-through-closed-91240

makomk

hero member

Activity: 686

Merit: 564

Quote from: coblee on June 29, 2012, 02:43:17 PM

Quote from: interlagos on June 29, 2012, 02:32:42 PM

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.

Yes, it does. I will look into it.

For now you should be able to just soft-disable it by changing the "true" to "false" on line 498 of init.cpp:

if (GetBoolArg("-bip16", false))

smoothie

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Quote from: molecular on June 30, 2012, 06:17:19 AM

Quote from: smoothie on June 30, 2012, 05:55:30 AM

Quote from: mystery2048 on June 30, 2012, 05:33:17 AM

I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD

I suspected that for the first half of 2012. Didn't materialize to the extent I imagined...

Well my suspicion has a reason. It's election season and the markets will be moving more based on those events. Volatility will pick up in the second half of 2012

molecular

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Activity: 2772

Merit: 1019

Quote from: smoothie on June 30, 2012, 05:55:30 AM

Quote from: mystery2048 on June 30, 2012, 05:33:17 AM

I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD

I suspected that for the first half of 2012. Didn't materialize to the extent I imagined...

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: mystery2048 on June 30, 2012, 05:33:17 AM

I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD

mystery2048

member

Activity: 70

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I think the price of litecoins in due for a large rally...

btcash

hero member

Activity: 968

Merit: 515

Price has doubled in the last week. Litecoin is starting to get the attention of investors.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: crazy_rabbit on June 29, 2012, 03:25:07 PM

Quote from: SgtSpike on June 28, 2012, 07:49:07 PM

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

Yeah don't sell because maybe we might want to buy all your coins lol Grin

crazy_rabbit

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Activity: 1204

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: SgtSpike on June 28, 2012, 07:49:07 PM

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: interlagos on June 29, 2012, 02:32:42 PM

Quote from: coblee on June 29, 2012, 01:22:31 PM

There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.

Yes, it does. I will look into it.

interlagos

hero member

Activity: 496

Merit: 500

Quote from: coblee on June 29, 2012, 01:22:31 PM

There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Thanks. All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s. And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month. Not worth it!

But thanks for the response. Wink

PinkBatman

sr. member

Activity: 267

Merit: 250

Quote from: smoothie on June 28, 2012, 06:55:21 PM

Has this been updated recently?

All of my hardware is up-to-date on the list (3gpus, 6cpus), I think they should all be pretty close still.

smoothie

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Activity: 2492

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LEALANA Bitcoin Grim Reaper

Quote from: PinkBatman on June 28, 2012, 04:37:23 PM

Quote from: jjiimm_64 on June 28, 2012, 04:27:23 PM

Anyone know the best cpuminer out there?

Here you go

Edit:

Also here are the hardware stats

Has this been updated recently?

PinkBatman

sr. member

Activity: 267

Merit: 250

Quote from: jjiimm_64 on June 28, 2012, 04:27:23 PM

Anyone know the best cpuminer out there?

Here you go

Edit:

Also here are the hardware stats

jjiimm_64

legendary

Activity: 1876

Merit: 1000

Quote from: SgtSpike on June 28, 2012, 04:03:27 PM

Is it worth it to CPU mine Litecoins right now? Does the revenue outpace the cost of electricity?

I am wondering the same thing, I have not mined litecoins since Nov,2011. I am sure the mining software has been upgraded too. Anyone know the best cpuminer out there?

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 325. (Read 1467253 times)