Topic: Litecoin is officially dead - page 68. (Read 290714 times)

Now you can securely store your dead coins! YASS

The masses shall weep when LTC goes full tard to $150 per coin

Nice!
I really like the design of this Nano Ledger.
Hopefully this announcement brings at least a little attention to Litecoin.
Its definitely a solid product, people are just looking for the new FOTM and act like they forgot about Dre.

Happy 5th birthday to Litecoin!

You can order your limited edition Litecoin branded Ledger Nano S now: https://litecoinassociation.org/store.html

Awesome for a dead coin if I can say so myself!

I couldnt remember what an orb hashed at so i googled it. 330kh/s is the first thing I saw and sounded right. Its also hard to compare Bitcoin mining to Scrypt, Scrypt is "about 1000 times harder" which is why the fastest Scrypt miners are only measured in MH/s while Bitcoin is GH/s (or TH/s now).
Litecoinpool.org is what I use as well. Ive used it almost exclusively since I started Litecoin mining and have had very very few issues with it.

Great chart, and it's nice to have more figures.  I could be wrong, but from personal experience mining at one of the best litecoin pools, litecoinpool.org, I'm getting less than your figure using my Gridseed Orb.   It's mining consistently at 300 kh/s with only a rare hw error.   It wasn't compatible with the Pascalcoin miner so it was down a lot.  It still goes down on occasion.  So, with the downtime, I can't give you an exact figure.  With your figures, it isn't good except with the Titan.  330 MH/S isn't so much in ASIC terms, a used S3 does that.

Newer ASICS? Yes they are more expensive.

It depends on what your endgame is. If you are trying to make money by mining you'll need to buy the more expensive miners (or get free electric). If you just want to play and learn (at a profit LOSS) then gridseed are ok (as are GPUs or even CPUs).

Examples:

an average CPU is probably 40kh/s and uses 100 watts
a 7950 GPU gets about 600KH/s and uses 220 watts
a gridseed gets 330kh/s and uses 8 watts
a KNC titan gets 300MH/s and uses 1300 watts

using the current price of LTC and an electric cost of $0.10 these are what you could expect with each of the above:

CPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00039023 LTC   0.00 USD   0.24 USD   -0.24 USD
7 days   0.00273164 LTC   0.01 USD   1.68 USD   -1.67 USD
30 days   0.01170703 LTC   0.05 USD   7.20 USD   -7.15 USD

GPU:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00585352 LTC   0.02 USD   0.53 USD   -0.51 USD
7 days   0.04097461 LTC   0.16 USD   3.70 USD   -3.54 USD
30 days   0.17560547 LTC   0.68 USD   15.84 USD   -15.16 USD

Gridseed:
                   Expected Rewards             Costs     Net Profit
24 hours   0.00321943 LTC   0.01 USD   0.02 USD   -0.01 USD
7 days   0.02253604 LTC   0.09 USD   0.13 USD   -0.05 USD
30 days   0.09658301 LTC   0.37 USD   0.58 USD   -0.20 USD

KNC Titan
                   Expected Rewards             Costs     Net Profit
24 hours   2.92675781 LTC   11.36 USD   3.12 USD   8.24 USD
7 days   20.48730469 LTC   79.49 USD   21.84 USD   57.65 USD
30 days   87.80273438 LTC   340.67 USD   93.60 USD   247.07 USD

Yes, but they are all over $500, aren't they?

Are Gridseeds better than GPU? Yes, however you will still pay more for electric than you can mine with those unless you have very very cheap (free) power. Gridseeds were the first Scrypt ASIC but since then more efficient machines have come out and replaced them.

Is a rack of Gridseed Orbs better at mining this than GPUs? The GPU rack might cost as much as a higher priced LTC ASIC.

[TUTORIAL] Solo Mining Litecoins Guide--Windows!
https://bitcointalksearch.org/topic/tutorial-solo-mining-litecoins-guide-windows-83371

That is right. If it has more GPU miners, there will be much bigger user community. The price will be higher.

It is not dead. It is just in dormant. Its mining is just controlled by very few miners. If it is GPU mining, it will be much better.

It may not be dead....but it certainly likes 'sideways' price wise lately. Then again I use LTC mining to get BTC so maybe that is its main claim to fame.
That and trading LTC for BTC in the ease of use argument. It certainly is still do'able as a home miner to mine LTC or scrypt to BTC....pretty much impossible
to ROI with a straight BTC home miner these days.

Anyway stuff is not dead if it has some kinda use. The above are 2 examples of why LTC is still chugging along...sideways price or not...(imho I'm a bit biased with

having scrypt miners and all)

yeah, litecoin is dead from a long time . it is a very bad news for me and also for other litecoin holder bitcoiners who are looking to increase price and get some profit .

Its a matter of principal, Litecoin is the only true altcoin all the other ones are merely slap in the face of Bitcoin.

One thing stopping me and lots of the people I know from going all in to Bitcoin is the offensive amount of alts around destroying the very reason for Bitcoin.

Litecoin is not the culprit in this, every other coin is.

in my opinion it is not dead because it is itself a litecoin which is lite and if the price is stable from long time than iy is matter of only demand in altcoin market .
overall i am holding litecoin at yobit since three month.

Thats what i also observe  about this coin, they dont   put too much effort on marketing  or  advertising their coins maybe they are just contended on stabilizing it and  relying for people  to see it that this coin has the potential to last up for  more years.  True, LTC is still on  top 10 altcoin even thoug hthey are many cryto launched  out there.

Although there are so many new coin being launched every day, the developers are not really concerned or trying to put a great effort on marketing their coin and beat other coin, so I believe LTC will easily still be at top 10 for a while.

Litecoins is still in top 10 in coinmarket and i think many investors are still holding a lots of litecoin i think the problem is they are slowing adopting litecoin if more stores are accepting litecoin online it can be more valuable in the future..

Interesting topic.  I am just starting out to get some experience and have been mining LTC with one of my Gridseed Orbs (no fan) and it's been on
about five full days and got .03 LTC with it.  With cheap electricity, what's the harm in leaving it on for a few years?  500 days at .03 LTC equals 15 LTC.
If they go up 10 times to $30 a coin that would be $450 for basically no labor but merely curiosity. 

There are other Scrypt ASICs one can buy, as you probably know. By doing a search on them.  "80,000KHS - 110,000KHs Scrypt Asic PLUG AND PLAY @ ~1000w A2 A2MEGA Door to Door within 3~5 Business Days"....$800. 

It does seems sometimes like some Altcoin companies are owned by a few people who don't have much interest in doing much more than looking fancy with high tech gadgets with their logos printed on it, which is a bad example to set for "success."