any chamce litecoin comeback to 55CNY /LTC ?
55 CNY= $ 8.60
Topic: Litecoin is officially dead - page 95. (Read 290714 times)
55 CNY= $ 8.60
It seems to me that Litecoin is being mined at about the same pace after halving as it was before. I bet ole Mr. Lee manages to get litecoin on Coinbase within the next twelve months. That'll move the price.
I don't think we will see much of a decline in the network hash-rate as most of the miners already have sunk cost in their equipment and the amount of network hash is around the same as it was when litecoin was around the $1.50 mark. So even taking the halving into consideration, at $3.00 miners are making the same profit as they were before at $1.50. Also, as pointed out by others, a declining price might cut into profitability by they might not actually go into the negative until it goes a lot lower.
For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.
I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.
For instance, say at $3.00 a miner is making a hypothetical $100/day profit after electricity it could drop to $2.00 and they might still be making $50/day. Profit is profit.
I also think that some miners will mine at a slight loss for awhile as well, since history has shown that oftentimes when the price gets down to unprofitable levels, it soon shoots back up. So if you have a big operation going, it might be better to let it run a month or two at a "on paper" loss, say LTC drops to $1.00, but then it bounces back to $2.50 or so again. Profit is determined when they sell their litecoins, not necessarily what the price is on the day you mine it.
Litecoin is such a coin that I would never spend. I'll just hold them until Bitcoin's price skyrocket
you not the only one a frind of mine said he will sell his ltc then price goes to 100$ cuz he didnt sell when it was above 40 so he wont dout now.
Litecoin is such a coin that I would never spend. I'll just hold them until Bitcoin's price skyrocket and so as Litecoin's This is a coin that I'll keep stored in a paper wallet for future generations 
time to BUMP !! for litecoin
Why? There's no significant move both upwards or downwards. It's still at the same price after block halving.
It actually went down, before the halvening but im sure it will go up in the next month or so otherwise rip litecoins
time to BUMP !! for litecoin
Why? There's no significant move both upwards or downwards. It's still at the same price after block halving.
time to BUMP !! for litecoin
I don't believe miners are 100% aware of the block reward halving yet...we should definitely see a drop in the hash rate. Basically, every Scrypt miner except Titans and A2 Terminators are now unprofitable (and A2s are just barely profitable). Neither of those are being actively produced any more, and I don't know of any new Scrypt miners coming out [EDIT: except Sfards, but that's a "hybrid" with a pretty low Scrypt hashrate]. KNC Titans had a profit factor of >10 just recently at $0.1/KWh; now they are about 4.
I think we will see a drop in LTC network hash rate over the next few days of probably 30% or so as older miners are shut down, probably permanently. I don't know yet if the drop in supply of LTC being sold is enough to significantly raise prices; that's hard to say without knowing what percentage of miners dump their coins on a daily basis, what the total volume of LTC is across exchanges, etc. I will say that block reward halving is certainly a positive influence on price, but that may or may not be trivial.
In any case, it's bad news for miners at the moment, but things may look slightly better in a week or so...time will tell.
That being said, bitcoin miners have been hurt a bit by the price drop as well, even Antminer S5s are only about a 1.8 profit factor at $0.1/KWh.
As to the OP, Litecoin is clearly not dead, but it's pretty stagnant. Without more adoption, it will eventually die like all of the alts...
I think we will see a drop in LTC network hash rate over the next few days of probably 30% or so as older miners are shut down, probably permanently. I don't know yet if the drop in supply of LTC being sold is enough to significantly raise prices; that's hard to say without knowing what percentage of miners dump their coins on a daily basis, what the total volume of LTC is across exchanges, etc. I will say that block reward halving is certainly a positive influence on price, but that may or may not be trivial.
In any case, it's bad news for miners at the moment, but things may look slightly better in a week or so...time will tell.
That being said, bitcoin miners have been hurt a bit by the price drop as well, even Antminer S5s are only about a 1.8 profit factor at $0.1/KWh.
As to the OP, Litecoin is clearly not dead, but it's pretty stagnant. Without more adoption, it will eventually die like all of the alts...
I've got two Titan(s) (2nd one at a good price in march so I've ROI'd even at this price) cost to mine 1 LTC at 13c kwh as of NOW is 1.08 usd at 650.1mh combined rate
you can figure out your own pain from the halving using this calculator from
www.litecoinpool.org
here is there calculator
https://www.litecoinpool.org/calc
run your own or other's figures
My profit after electric at the 13c kwh rate and 2.94 usd per LTC now is the following
total profit 637.68 USD
elec costs at 2500 watts (2 cubes with a dead die each less elec fyi) 234.00 USD
403.68 USD PROFIT over price of electricity at the above price
A single user Titan (assuming they got the full 350mh over clocked out of it with NO dead dies (a big IF imho) say is 325 mh so half the values above or 201.84
not bad for the best single scrypt miner you can get but 201.84 and 117.00 for electric still is somewhat dismal since the halving imho (in that the price of ltc has dropped say 1/4)
sooooo...again as I said before (and others) anything under 110mh (with the 110 mh unit making 20 bucks a month at my elec rates) is a LOSS
SO AT THE VERY LEAST for ME with supposedly the best scrypt/power miner available (if not the price in the past) 30% dump in difficulty quoted above would be
a godsend....so 30% more is a big deal ...but if (again imho) LTC at least does not climb back to above 4 bucks (either with btc's help or without) we who mine LTC yet
(so sad my last home miners).....are gonna be in a world of hurt imho.....(just because I'd be the last man standing with 2 titan(s) does not mean I want to be alone
completely don't ya know)
So some equip (some day) has to fill this void or it will all just wind down like a rubber band imho
(again my view WELCOME anyone who can assure me LTC will kinda sorta keep its 0.01 ratio to BTC in the far future in speculation and LTC being
silver to bitconi's gold jump in here...would like to be proved wrong ......buw without some of my concerns being addressed above...not good)
(the ways of crypto are mysterious to me and it seems to be getting worse the longer I am in this fun house)
On the other hand your idea that LTC difficulty will go down 30% does brighten my 'evil titan miner heart"
I don't believe miners are 100% aware of the block reward halving yet...we should definitely see a drop in the hash rate. Basically, every Scrypt miner except Titans and A2 Terminators are now unprofitable (and A2s are just barely profitable). Neither of those are being actively produced any more, and I don't know of any new Scrypt miners coming out [EDIT: except Sfards, but that's a "hybrid" with a pretty low Scrypt hashrate]. KNC Titans had a profit factor of >10 just recently at $0.1/KWh; now they are about 4.
I think we will see a drop in LTC network hash rate over the next few days of probably 30% or so as older miners are shut down, probably permanently. I don't know yet if the drop in supply of LTC being sold is enough to significantly raise prices; that's hard to say without knowing what percentage of miners dump their coins on a daily basis, what the total volume of LTC is across exchanges, etc. I will say that block reward halving is certainly a positive influence on price, but that may or may not be trivial.
In any case, it's bad news for miners at the moment, but things may look slightly better in a week or so...time will tell.
That being said, bitcoin miners have been hurt a bit by the price drop as well, even Antminer S5s are only about a 1.8 profit factor at $0.1/KWh.
As to the OP, Litecoin is clearly not dead, but it's pretty stagnant. Without more adoption, it will eventually die like all of the alts...
I think we will see a drop in LTC network hash rate over the next few days of probably 30% or so as older miners are shut down, probably permanently. I don't know yet if the drop in supply of LTC being sold is enough to significantly raise prices; that's hard to say without knowing what percentage of miners dump their coins on a daily basis, what the total volume of LTC is across exchanges, etc. I will say that block reward halving is certainly a positive influence on price, but that may or may not be trivial.
In any case, it's bad news for miners at the moment, but things may look slightly better in a week or so...time will tell.
That being said, bitcoin miners have been hurt a bit by the price drop as well, even Antminer S5s are only about a 1.8 profit factor at $0.1/KWh.
As to the OP, Litecoin is clearly not dead, but it's pretty stagnant. Without more adoption, it will eventually die like all of the alts...
Nah not really, the price was 1$ and people still mined there, the price is 3$ now so it could go down for a little even after the halvening, probably will, it always happens, before the halvening and a few days after the price goes down because everyone thinks will go up.
I'm mining with Titan(s) at 13c kwh my break even price is 1.08 usd or so in elec costs to mine.
Yeah I take your point. Right now using the below calculator if you have say anything under 110mh it is ugly ugly for pow/scrpt mining LTC
using this calc from www.litecoinpool.org
https://www.litecoinpool.org/calc
so using 110mh at (guessing) 900 watts at 13c kwh you make like 20 bucks a month unless you need a space heater this winter anything under 110mh
at least in my part of the world is not really gonna pay at these about 2.88 usd prices for LTC
and NO ONE is gonna make a scrypt/pow miner at 2-3 bucks a coin ...just an't gonna happen
what this means I've no clue just stuff I ponder scratch my head about...I suspect however with my imprefect reasoing it does NOT BODE WELL for LTC and all
of pow/scrypt coins....just saying
Nah not really, the price was 1$ and people still mined there, the price is 3$ now so it could go down for a little even after the halvening, probably will, it always happens, before the halvening and a few days after the price goes down because everyone thinks will go up.
Bullshit, did you really calculate if it would be profitable at this price? I doubt it, does the blockchain really lose on security when difficulty drops? Because im not expert but i doubt it.
I'm not hating on LTC, if the price rises then companies will build new miners because their will be more demand for them. And the SFARDS miner might drop in price enough everyone will buy one and even if they buy it for Bitcoin they're still going to mine LTC since they can mine them both at the same time. Just as things stand now lets just say I'm glad I'm not still mining LTC
Nah not really, the price was 1$ and people still mined there, the price is 3$ now so it could go down for a little even after the halvening, probably will, it always happens, before the halvening and a few days after the price goes down because everyone thinks will go up.
Bullshit, did you really calculate if it would be profitable at this price? I doubt it, does the blockchain really lose on security when difficulty drops? Because im not expert but i doubt it.
Nah not really, the price was 1$ and people still mined there, the price is 3$ now so it could go down for a little even after the halvening, probably will, it always happens, before the halvening and a few days after the price goes down because everyone thinks will go up.
Block halving has negative effects on the price instead of moving upwards.
Litecoin will go below 0.01 again.
Litecoin will go below 0.01 again.
My prediction is the same if ltc stay above 0.01 it will be good but seem like its not gonna happen
Nah not really, the price was 1$ and people still mined there, the price is 3$ now so it could go down for a little even after the halvening, probably will, it always happens, before the halvening and a few days after the price goes down because everyone thinks will go up.
Its not anymore about predictions my friend .. now as the havilng event is going to happen in a couple of days ,ther has to be a increase in price or else no ROI in mining and no one will mine unless the price inreases again because of no mining ..
Price will remain the same. Mining will decrease by half (
greener Litecoins!) ... and the earth will keep spinning around the sun - one revolution per year.like other people say Hard pump will come after hard dump
say cheers to Litecoin Holder
Block halving has negative effects on the price instead of moving upwards.
Litecoin will go below 0.01 again.
Litecoin will go below 0.01 again.
My prediction is the same if ltc stay above 0.01 it will be good but seem like its not gonna happen
Block halving has negative effects on the price instead of moving upwards.
Litecoin will go below 0.01 again.
Litecoin will go below 0.01 again.
My prediction is the same if ltc stay above 0.01 it will be good but seem like its not gonna happen
Block halving has negative effects on the price instead of moving upwards.
Litecoin will go below 0.01 again.
Litecoin will go below 0.01 again.
The halving has bad effects even before it happens and a little bit afterwards but with time the price will increase but maybe not as dramatically as people think or expect, say maybe going to 5$ which would still be ok, for me at least.
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