Topic: Litecoin is the sleeping giant - page 12. (Read 36261 times)

I agree with you on that 100% bunch of Sobs trying to constraint block size to maximize transaction fees.

Also nice job on the Litecoin Chart!!!

No Bitmain is trying to maintain a monopoly on gouging fees on Bitcoin. That is why they are trying to block any SegWit on Litecoin. Thus they will preannounce far in advance right now to try to make miners afraid to act.

Jihan Wu and BU are a diversionary tactic. What they really want is small blocks forever on Bitcoin and no scaling competition for Bitcoin.

Bitcoin can't move higher until this scaling shit is resolved. Jihan Wu is blocking the progress of our entire ecosystem. Please kick his ass by activating SegWit.

If you have reasonably priced electricity, I would jump on that immediately but please don't do it if it will not signal SegWit. You'll suppress the price if SegWit doesn't get activated. Apparently L3 are very difficult to find right now.

But it depends, read below...


Look at the chart I made and my detailed reasoning and decide for yourself.

Personally I think if SegWit gets activated, then LTC will break $50 and probably hit $100. But it will be a very volatile rise, so I was using $30 as a conservative estimate of average price over the rest of the year.

But I really think it will be higher than that.

But nothing in life is guaranteed. Yet I think it is very difficult for you to lose money on that L3 in any case, although I can't compute precisely whether it is better to buy LTC or that L3. It depends on many factors such as the cost of your electricity, price assumptions, hashrate rise assumptions, etc..

I believe the supply ASICs is very constrained given the level of price rise we are possibly going to see. So owning a miner is a very leveraged position that can pay off big if some assumptions come true. But it can also end up a lower ROI than buying LTC. It is impossible to say for sure which is the better bet.

In either case, don't sell your LTC too cheap! (unless you believe SegWit activation will fail)

offcourse bitmain is going to release more miners they dont' care about miners only thing they care about is making money by selling there overpriced hardware. @ $2000 a pop

More discussion here.

How soon can they ramp up production?

What about their competitors?

Of course Bitmain is going to spread rumors to try to make miners apprehensive and cause them to not act.

I think miners need to look at the facts and ignore BS propaganda and tactics.

There's also the high probability that a bitmain may release another miner

Long story but the L3 would start mining tomorrow.



 How long would ltc maintain that level ($30)

How long would it take. People have been saying ltc will pump since November

I'd get more scrypt miners...but they are complete unicorn ghosts now...a friend has been looking all day...etc etc..the 'legit' places china/world etc all say SOLD OUT

ltc is your only shot now it seems....I mean folk are dusting off the A2's and Innsilicon 250mh and Alcheminer 250mh miners that use 2x the power of a KNC Titan

yet they are too making more then a KNC Titan at $4.15 usd 2 weeks ago!

....damn...and I almost sold my knc titan lot 2 or 3 months ago for 1k each (300mh version)

Yes if difficulty rises 25% but prices goes up to $30 (which is a possibility with momentum and segwit activation) You will breakeven in 57 days so yes A4 or L3 are better investments.  Assuming Price goes to $30 but bare in mind if you have to wait a whole 1 month for your Asics to arrive thats a loss of mining time and almost work 75 Litecoins mined or $750 @ $10 per Litecoin.

If you were to buy $2000 worth of litecoins @ $9 so approx 222 LTC coins @$30 per lite coin you are looking at $6660 or profit of $4660 it will take you a lot longer to recoup that with mining almost 250 days with difficulty rising. so maybe just maybe buying Litecoin is better option than getting a A4.

As always you can hedge your bet buy $1000 worth of Lite coins and order A4 for $899 which mines at 136mh/s from eastshore

That calculator is apparently assuming that the supply of ASICs is not constrained, but apparently it is constrained, so the difficulty will not rise commensurately with the price. The demand should rise faster than the manufacturing supply can keep up with, if you miners are calculating correctly.

Thus buying A4s should be highly profitable. Can you re-run your calculation with a presumption that difficulty doesn't rise more than 25% and prices rises to $30 then tell us what is a better ROI buying LTC or buying an A4?

It would be much better to buy A4s and help push Litecoin to Scrypt activation, otherwise BU's Jihan Wu may end up crashing this endeavor.

I suspect no more A3s will come to market any time soon.

Eh, free electricity.

Yeah I'll probably go to gpu mining

Buy LTC directly, right now you can buy ASIC and expect ROI in 6 months... however that doesn't account for all the ASICS coming online and rise in difficulty level In my basic calculation with a simple 6% rise in difficulty you would never recover your money and start to lose against the cost of electricity by Day 190 where you will lose money.

Now keep in mind in the above calculation it doesn't account for rise in LTC prices or any other variable, or ASIC getting down or not working where you have to send it back for service etc.

Just my 2 cents.

I used following calculator https://bitcoinwisdom.com/litecoin/calculator

What would be the best move?

To buy script miners

Or

Use the money to buy ltc ?

LTC miners please make sure you've read this and signal SegWit so the price will continue to rise:

https://bitcointalksearch.org/topic/m.18459085

https://www.reddit.com/r/litecoin/comments/631ffe/pools_that_block_litecoin_development/

i'd expect it to do great in the long term. it'll be able to do so much more than bitcoin with segwit. in short term it's the normal pumpathon.

Do you expect ltc to hit $100(?) and stay at price or just a pump asdash?

I stand corrected. Damn happy I got under the wire thru maxumark deals and hosting

Searing they didn't sell out they stopped selling them.. to mine them and they will show up on ebay with 50% premium from same chinese hardware sellers.

@ Mr ltcbtc whatever. dude, you're shit.

and shitty at predictions too. guess your amazing psychological manipulation didn't work so good.