ASIC will crash litecoin | Bitcointalksearch.org

nickhiggins123

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Quote from: Sir Alpha_goy on August 04, 2015, 08:19:23 PM

Quote from: nutildah on August 04, 2015, 07:02:37 PM

I guess ASICs are good for coins.... It means there is enough interest in them to generate hardware specifically to mine them. What other coins have ASIC hardware specifically made for that coin and that coin only?

Your power to resurrect dead threads is noteworthy.

Wink

Is this a second resurrection on the same thread?

Sir Alpha_goy

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.

nutildah

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I guess ASICs are good for coins.... It means there is enough interest in them to generate hardware specifically to mine them. What other coins have ASIC hardware specifically made for that coin and that coin only?

Spoetnik

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FUD Philanthropist™

you can't compare BTC though..

and i think the OP is wrong ..i figured Scrypt-Asics would strengthen Litecoin (and maybe a couple of the other big ones) and slaughter other crappy scrypt clones
that is precisely what has happened..

and..

i was argue with about that all along every across the web non stop.

i was right and i told you so Wink

BitCoinNutJob

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Same thing happened when BTC asics came out, we have a small dip and then the network is stronger for the increased computing power and the price went up shortly after.

Brunic

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Quote from: wtfvanity on November 08, 2013, 10:52:17 AM

Quote from: adamstgBit on January 18, 2013, 12:33:45 AM

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?

Just following up here, have ASIC's come out yet for BTC?

Hahaha, nice necro. There is some good stuff in that thread Grin

CoinHoarder

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Ah... i apologize. I suffered from a temporary lapse in reading comprehension. I understand now. And you are certainly correct. Anyone that thought bitcoin ASICs would kill Litecoin is um... (redacted). I was positive Litecoin would become popular as a new alternative for GPU mining and thus become more popular and valuable. That's part of the reason I was buying up used mining equipment around the bitcoin reward halving last year.

wtfvanity

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WTF???

Quote from: CoinHoarder on November 08, 2013, 12:20:45 PM

Quote from: wtfvanity on November 08, 2013, 10:52:17 AM

Quote from: adamstgBit on January 18, 2013, 12:33:45 AM

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?

Just following up here, have ASIC's come out yet for BTC?

Is this a joke or have you been living under a rock? Visit the custom hardware subforum...

ASICs for Litecoin will not come for at least 1-2 years IMO. The price of LTC needs to support the cost of development.

Did you read the post? It's saying, that when ASIC's come out (Which they hadn't really in Q1 this year) that everyone would rush to litecoin with their GPU's and crash litecoin.

I'm asking, sarcastically of course, did litecoin die because ASIC's came out for BTC?

CoinHoarder

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Quote from: wtfvanity on November 08, 2013, 10:52:17 AM

Quote from: adamstgBit on January 18, 2013, 12:33:45 AM

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?

Just following up here, have ASIC's come out yet for BTC?

Is this a joke or have you been living under a rock? Visit the custom hardware subforum...

ASICs for Litecoin will not come for at least 1-2 years IMO. The price of LTC needs to support the cost of development.

Scott J

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Quote from: wtfvanity on November 08, 2013, 10:52:17 AM

Quote from: adamstgBit on January 18, 2013, 12:33:45 AM

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?

Just following up here, have ASIC's come out yet for BTC?

Not quite, 2 weeks or so...

digitalindustry

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Quote from: 420 on January 18, 2013, 12:43:03 AM

20% likely....

m'yah......wats up doc

+1

hopefully KnC will see the light .

wtfvanity

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WTF???

Quote from: adamstgBit on January 18, 2013, 12:33:45 AM

when ASIC comes out,

everyone mining with a graphics card is going to switch to litecoin, but will not be as optimistic on litecoin and will sell the litecoins as they come in.
this will crash the litecoins and will present the best buying opportunity their ever was?

Just following up here, have ASIC's come out yet for BTC?

YipYip

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Quote from: smoothie on April 28, 2013, 05:06:23 AM

Amazing how OP and many other naysayers proven wrong about LTC adoption.

Now go suck a cock and feel sorry for yourself and your lost opportunity to have bought litecoins 2 months ago at $0.07 and now they are worth $4 a piece.

LOL ROFL LAWL HAHA Tongue

++ "GO SUCK A COCK" Golden Cheesy

...

Schrankwand

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Quote from: Operatr on April 26, 2013, 01:49:54 AM

Quote from: solex on April 25, 2013, 11:25:47 PM

Quote from: CoinHoarder on April 25, 2013, 08:26:53 PM

Quote from: Quix on April 25, 2013, 05:57:19 PM

No one is seriously invested in it.

Wrong.

Litecoin's market cap = $68,152,758 usd

I know of people that hold 100,000+ coins

I can't find any decent stats on LTC. Is there a site like blockchain.info, but for LTC?

http://cryptochart.com/

http://bitcoindashboard.com/litecoins.php

http://ltc.block-explorer.com/charts

Here's a few good ones.

We have to look at the entire picture. I predict Litecoin doing what Bitcoin did but faster as Bitcoin has already blazed ahead of it, which should foster quicker adoption.

But moreso, Bitcoin will soon go beyond the reach of mere mortals and weekend traders. Mining is about to go insane with ASIC for BTC, also involving a large upfront investment to get a piece of. 2nd generation coiners have kinda missed the boat at this point unless you can jump right in with either high per Bitcoin cost or high investment in mining gear. But, there is Litecoin, a far cheaper alternative investment, and with ASIC driving GPUs and FPGAs out of Bitcoin, they will find a new home mining alternate currencies. As Bitcoin moves out of reach for average investors, attention will turn to Litecoin.

Essentially Litecoin is about where Bitcoin was 2 years ago. Bitcoin made a name for cryptocurrencies ahead of it, I think the progression of the markets will go through phases as accessibility shifts. We may see the other altcoins start gaining traction as well someday. Who knows, but it will be damn interesting to see what happens now.

One of the main arguments I found all over again was that "there should be only one Cryptocurrency."

And I always felt like I was hearing "Well, who needs a Euro or Yen if we have a damn Dollar, come on!" Cheesy

solex

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Quote from: Operatr on April 26, 2013, 01:49:54 AM

Quote from: solex on April 25, 2013, 11:25:47 PM

Quote from: CoinHoarder on April 25, 2013, 08:26:53 PM

Quote from: Quix on April 25, 2013, 05:57:19 PM

No one is seriously invested in it.

Wrong.

Litecoin's market cap = $68,152,758 usd

I know of people that hold 100,000+ coins

I can't find any decent stats on LTC. Is there a site like blockchain.info, but for LTC?

http://cryptochart.com/

http://bitcoindashboard.com/litecoins.php

http://ltc.block-explorer.com/charts

Here's a few good ones.

We have to look at the entire picture. I predict Litecoin doing what Bitcoin did but faster as Bitcoin has already blazed ahead of it, which should foster quicker adoption.

But moreso, Bitcoin will soon go beyond the reach of mere mortals and weekend traders. Mining is about to go insane with ASIC for BTC, also involving a large upfront investment to get a piece of. 2nd generation coiners have kinda missed the boat at this point unless you can jump right in with either high per Bitcoin cost or high investment in mining gear. But, there is Litecoin, a far cheaper alternative investment, and with ASIC driving GPUs and FPGAs out of Bitcoin, they will find a new home mining alternate currencies. As Bitcoin moves out of reach for average investors, attention will turn to Litecoin.

Essentially Litecoin is about where Bitcoin was 2 years ago. Bitcoin made a name for cryptocurrencies ahead of it, I think the progression of the markets will go through phases as accessibility shifts. We may see the other altcoins start gaining traction as well someday. Who knows, but it will be damn interesting to see what happens now.

Thanks for all the info, very interesting!

smoothie

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Amazing how OP and many other naysayers proven wrong about LTC adoption.

Now go suck a cock and feel sorry for yourself and your lost opportunity to have bought litecoins 2 months ago at $0.07 and now they are worth $4 a piece.

LOL ROFL LAWL HAHA Tongue

Operatr

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Quote from: solex on April 25, 2013, 11:25:47 PM

Quote from: CoinHoarder on April 25, 2013, 08:26:53 PM

Quote from: Quix on April 25, 2013, 05:57:19 PM

No one is seriously invested in it.

Wrong.

Litecoin's market cap = $68,152,758 usd

I know of people that hold 100,000+ coins

I can't find any decent stats on LTC. Is there a site like blockchain.info, but for LTC?

http://cryptochart.com/

http://bitcoindashboard.com/litecoins.php

http://ltc.block-explorer.com/charts

Here's a few good ones.

We have to look at the entire picture. I predict Litecoin doing what Bitcoin did but faster as Bitcoin has already blazed ahead of it, which should foster quicker adoption.

But moreso, Bitcoin will soon go beyond the reach of mere mortals and weekend traders. Mining is about to go insane with ASIC for BTC, also involving a large upfront investment to get a piece of. 2nd generation coiners have kinda missed the boat at this point unless you can jump right in with either high per Bitcoin cost or high investment in mining gear. But, there is Litecoin, a far cheaper alternative investment, and with ASIC driving GPUs and FPGAs out of Bitcoin, they will find a new home mining alternate currencies. As Bitcoin moves out of reach for average investors, attention will turn to Litecoin.

Essentially Litecoin is about where Bitcoin was 2 years ago. Bitcoin made a name for cryptocurrencies ahead of it, I think the progression of the markets will go through phases as accessibility shifts. We may see the other altcoins start gaining traction as well someday. Who knows, but it will be damn interesting to see what happens now.

solex

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100 satoshis -> ISO code

Quote from: CoinHoarder on April 25, 2013, 08:26:53 PM

Quote from: Quix on April 25, 2013, 05:57:19 PM

No one is seriously invested in it.

Wrong.

Litecoin's market cap = $68,152,758 usd

I know of people that hold 100,000+ coins

I can't find any decent stats on LTC. Is there a site like blockchain.info, but for LTC?

CoinHoarder

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Merit: 1026

In Cryptocoins I Trust

Quote from: Quix on April 25, 2013, 05:57:19 PM

No one is seriously invested in it.

Wrong.

Litecoin's market cap = $68,152,758 usd

I know of people that hold 100,000+ coins

Quix

full member

Activity: 174

Merit: 100

Litecoin is likely to die out just like every other alt-coin. No one is seriously invested in it. They only do it to convert to BTC and that makes it likely to collapse at any second.

Topic: ASIC will crash litecoin (Read 13399 times)