As someone who has been in the LTC mining game for a while, heres the scoop.
When huge price jumps like this occur, everyone tries to mine.
Then shortly thereafter, usually there is a big price correction, and a huge difficulty increase.
So consider whether you like mining with $15-25/LTC and a difficulty of 3500-5000, thats likely the outlook for Early 2014.
Who knows, but the price jumps in LTC were on low volume, and likely the result of big players manipulating the market, so beware.
When huge price jumps like this occur, everyone tries to mine.
Then shortly thereafter, usually there is a big price correction, and a huge difficulty increase.
So consider whether you like mining with $15-25/LTC and a difficulty of 3500-5000, thats likely the outlook for Early 2014.
Who knows, but the price jumps in LTC were on low volume, and likely the result of big players manipulating the market, so beware.
Hey,
Thanks for the advice, appreciate it.
I was mining back in april when the difficulty was around 300 and gave up after a month or so. What a massive mistake that was.