Topic: DUMP SCRYPT, SCRYPT-N COINS (litecoin, doge etc...) BEFORE IT'S TOO LATE!! - page 2. (Read 7303 times)

That was sarcasm, but looking at these --

http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-usd&market=bitfinex
http://www.ltc-charts.com/period-charts.php?period=ytd&resolution=day&pair=ltc-btc&market=btc-e
https://www.cryptocoincharts.info/v2/pair/ltc/usd/crypto-trade/ytd

One may like to bet on 0.1

What I just totally do not understand: why are the dogecoin devs not doing anything with new features in dogecoin. Like making it a POS coin or whatever? I see other coins moving from POW to POS or creating some functionallity that atracts people to the coin.

I've no idea of the economy... oh my...



And SUDDENLY litecoin reaches $50.... wow an economist predicting the prices to reach off charts in 12 months.

litecoin is a sleeping volcano

Price drop that too at such a high difficulty. I think its due asic manufacturers mining and dumping the coins who don't even care about LTC , and why will they when they already have stacked large amount of money in pre-orders while they are mining the shit out of miners.

The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners. Mining litecoin with a CPU or video card is approximately 1000 times slower than mining bitcoin with the same CPU or video card.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.

LOL yes 2-3x lower again as in previous months? Haha good one:D

You will be surprise if it jumped 2-3x.

why do u people even discuss Litecoin?

such utterly useless coin without any feature whatsoever that has constantly dropped in value... ouch...

why do u people even discuss Litecoin?

such utterly useless coin without any feature whatsoever that has constantly dropped in value... ouch...

All the coins are under threat, even bitcoin.

Scrypt coins are numerous, and most will die.

As far as litecoin goes, it is entrenched as the second coin. I don't see why it won't just do as bitcoin has done after Asics, and get absurdly high difficulty levels.

There are too many interests in it for it to just whither away.

The question is what coin will arrive to knock bitcoin (and litecoin) from their perches?

Clue: Whatever it is, it has not happened yet.

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

Limit this mostly to CPU, so only full blown computers can compute it, and one doesn't have to buy special purpose hardware. The hardware will be useless otherwise and after all coins have been mined (unless the incentive to mine is still up and maintained in some way like unlimited coins or high transaction fee), the miner will actually throw it away or sell it to someone else (who may be a cracker who's accumulating firepower for bad mining). This is partially true for GPU hardware, but they have a gaming purpose apart from computational purpose, and probably the miners will themselves use it in gaming. So all in all, prefer 1) CPU only, 2) CPU & GPU, 3) Special purpose hardware.
      
      With new hardware, mining efficiency will increase; the new miners of the new hardware will start accepting transactions of lower transaction fees making the old hardware redundant cause they take more electricity. They will be sold cheap cause of this reason (lower profit margins or even losses).

      For an attacker, electricity cost is not of a concern, cause the attack time will be limited; he's going to earn money by making false transactions in blocks he mined.
      
      Yes -- the old hardware is old generation, but that doesn't mean it'll be slower.
      
      New hardware will not focus on higher hash rate, but power consumed per hash rate, thus, hash rate of new hardware may not increase exponentially making the network more vulnerable to attacks with older hardware.
      
      I'm not sure about the architecture of ASIC miners to comment on that. It's not an ARM processor which can be made faster by simply by increasing the clock speed. Modern AMD and Intel processors are not 4xPentium/athlon 64 @6GHZ. So an improvement in architecture does not necessarily mean faster speeds, it may have been done to reduce electricity consumption by half. Look at mobile processors for instance; they are more efficient than their Desktop (per Whetstone and dhrystone score) counterpart but slower.

      We just may have a similar trend for ASIC miners. Same consumption in electricity@little less hashing power.
      
      This's still worst for small alternative cryptocurrency using the same hashing algorithm. They're easy to exploit cause of low difficulty.

I agree, the days of the Scrypt crapcoins are coming to an end. Only a complete fool would be investing in mining equipment of any kind at this point.

Even Litecoin isn't going anywhere, which is not surprising as it offers absolutely nothing over Bitcoin!

Oh poor OP with literally no idea how crypto economy works.
But i have to admit that it was amusing to read.
Quote my words for future. Litecoin will hit 50 $ within a year or in worst case 2 years.