Topic: [ANN][LPC] 1 Million LeproCoins Mined! New On Comkort! - page 21. (Read 51749 times)

now it looks like leproco.in are back on the right chain...   block number and diff are correct...   

Looks like leproco.in is working on a update, so they should be soon back on the wright chain.
Yesterday still some miners were mining for nothing 

51% Attack

    An attacker that controls more than 50% of the network's computing power can, for the time that he is in control, exclude and modify the ordering of transactions. This allows him to:

        Reverse transactions that he sends while he's in control
        Prevent some or all transactions from gaining any confirmations
        Prevent some or all other generators from getting any generations

    The attacker can't:

        Reverse other people's transactions
        Prevent transactions from being sent at all (they'll show as 0/unconfirmed)
        Change the number of coins generated per block
        Create coins out of thin air
        Send coins that never belonged to him

    It's much more difficult to change historical blocks, and it becomes exponentially more difficult the further back you go. As above, changing historical blocks only allows you to exclude and change the ordering of transactions. It's impossible to change blocks created before the last checkpoint.

    Since this attack doesn't permit all that much power over the network, it is expected that no one will attempt it. A profit-seeking person will always gain more by just following the rules, and even someone trying to destroy the system will probably find other attacks more attractive. However, if this attack is successfully executed, it will be difficult or impossible to "untangle" the mess created — any changes the attacker makes might become permanent.

and now calculate with 5 GH/s nethash...    

I´m thinking you´re right.

If we get listed at an exchange at a nethashrate around 1 GH/s... 0,29$... I´ve sad 0,10 - 0,50$ -> ø 0,30$... you see

Atm you´re mining 750 LPC with 1 MH/s ---> this could be something around 225$ if we hit 1 GH/s... I´m recommending to mine LPC like hell 

0,20 - 0,50 $ is under the potential how I allready calculated here:

what is a fair price for LPC?

to answer these question I've calculated on base of the Net hash and the mining results for litecoin.

every day we have 24 * 60 * 4 * 4 =  23040 Coins to share to the nethash, so wie can calculate how many coin a miner with his hash get when the nethash increase

at 1 GH/s nethash I get with 700 KH/s about 16 LPC a day...  with the same hash I can mine 0,179 Litecoins a day, worth 4,72 $ today...   so one LPC must have a value from 0,29 $ to have a similar mining result to litecoins....   

so we get an table for a fair price on base of the nethash

Nethash GH/s	$ per LPC
1	0,29
3	0,88
5	1,47
10	2,93
15	4,40
20	5,87
50	14,66
100	29,33

when we look what nethash a coin get after it hit an exchange, Doge has now over 50 GH/s, EAC is about 5GH/s, so I think we can get min. 5 - 10 GH/s nethash, and so a price from 1 - 3 $ is a fair price for one LPC...

what do you think?

Yah, right.

If we hit an exchange the price should be 0,10 - 0,20 $. Maybe I would sell some off my coins at 0,50 $. We´ll see. Maybe the bigger bagholder should have a agreement not to sell in the first 3 or 6 month and only up to 50% at at least 0,xx $. I´m open for suggestions.

My philosophy is it to hold all my mined coins long term. Some will be worthless, but if only one of them will go the moon like ltc, I´ll f**king rich No risk - no fun!

Oh... now I see that there no BTC, only LTC...    

I don´t like https://freshmarket.co.in/. I don´t think it´s a good think to be on too many small exchanges, because most of them are to small. I prefer the bigger ones and coinmarket.io - it has big trading volumes and only a few coins.

one mor suggestion for an exchange: https://bitcointalksearch.org/topic/m.4919180

support them...  

I support you  leprobrother... But it can go bad also..nobody knows about lepro so the dumpers will dump it for chump change... which can influence it in a very bad way...but it is worth a try, if people DO NOT DUMP with ridiculous low prices it will be ok.