Topic: Litecoin is the sleeping giant - page 26. (Read 36261 times)

only the chinese ? that would be quite enough.

I hope it is much sooner a lot of newly launch coins are now a threat to it's position they only had the chinese to back them up ,but for how long

While it's hard to read through Searing's posts (I've got mad love for you, because if nothing, your consistent!), I'll try to simplify:

I've liquidated the majority of my Titans for LTC/BTC and gold. I just share a six cube monster right now @ 530-550MH/s. It gets me around 80LTC / month for $160 in electricity. So $384 (@ $4.80) for $160.

ETH, DASH, XMR cannot off such reliable returns without gambling on the ebb and flow of day trading. Also, LTC is the natural trading partner with BTC. The aforementioned coins are inversed to BTC's rises and falls. So if you believe in the BTC, you should believe in the LTC.

 

 

I'm as confused as you about Litecoin and I'm making (today anyway)


Litecoin Mining Calculator (can be used by anyone you don't have to be part of www.litecoinpool.org to use this.


www.litecoinpool.org/calc


Hash rate:   1000 mh

Network Difficulty:   44270.49177962

Power usage:  4100 W    Energy cost:  14c USD/kWh

   
Profitability Analysis

                      Expected                Rewards          Elec Costs            Net Profit
24 hours     11.70043945 LTC            56.05 USD         13.78 USD             42.27 USD
7 days        81.90307617 LTC        392.32 USD           96.43 USD           295.88 USD
30 days     351.01318359 LTC       1681.35 USD      413.28 USD         1268.07 USD


Again just to establish my bona fides......I also have no clue on what LTC is doing most days.

My ASSUMPTION is that being a 'speculative coin' imho in the way it follows BTC at say around a 0.008 ltc to btc ratio
there is something about POW mining and LTC 'speculation' in relation to BTC that makes if very attractive and damn
hard to kill (or figure out). In other words...boring and predictable and stable is good in this wild crypto universe.

So using the Gold and Silver analogy....why even trade Silver etc if you can do the same with Gold. I think that applies
here. The folk who like to speculate and hold cryptocurrency find the 'boring' and somewhat 'predictable' aspects of
LTC quite 'calming' imho....no DEV drama.....it is about as consistent a coin as you can see IF my assumption is right
and it keeps its value and status as a speculator instrument with traders etc

and of course the FOUNDER is known....there is NO DEV drama.....ho hum..what you see is what you get more or less

Add to that (again imho) that most POW coins seem to be doing quite well for value and speculation. Such POW (proof
of work with miners) coins as BTC/LTC/ETH/DASH/etc etc

This also adds to the stability I mention above and gives folk trading and holding LTC some comfort. You could be
correct it could be a 'false comfort' (this is true of all crypto it could all go tulips) but with LTC we do have some
history to base this on.

Thus imho a successful coin should be 'tradeable' 'stable' 'pow based' (with new miner equip which now LTC has again with 14nm units coming out)

This may change with POS coin (proof of stake) where you BUY up front and don't mine....but so far...again imho...
POW coins seem to be the most successful with ehtereum being the latest example. (What this means when ETH
goes POS coin I've no clue)

Anyway LTC may NOT be a sleeping giant ..it may simply plug along 0.008 to 0.01 LTC to BTC for the foreseeable future
but it seems to have found a niche in being somewhat predictable in this crypto shifting landscape.

I've been pondering this since Nov 2014 when I got the orig Titan and the others. I only have mined LTC and only on
litecoinpool (see above link) and its a lot like churning butter...if you are consistent ..it seems to work just dandy.

I myself move LTC to BTC when it gets to above my 1000 LTC hoard. But again it may not be the Silver to Bitcoins
Gold....but it seems to have the usefulness and utility of Copper say. You don't really think about copper much but
it has its place.


Anyway 2 Satoshi's worth from someone who is doing quite well mining the stuff. An now with the new equipment
14nm A4's Dominator's coming out here this July/August I figure that LTC will do even better. No more talk of it
being a dead POW coin because no NEW POW equipment etc.

Indeed this should be a BOON to all scypt based POW coins imho...Especially LTC if as folk have said BTC hits and sits around
650 usd at 0.008 LTC to BTC that is 5.20 usd LTC. Well hell at that price you will see even more scrypt miners
being made 6 months down the line and let the rodeo begin again with difficulty rise on POW scrypt coins.

Anyway my take on this for what it is worth.

Sorry to interrupt your Shrilling, but a Point of Clarification ,   

ZEIT can Survive & Prosper with or without China and is not controlled by a single country like BTC, LTC, & Doge.
And unlike BTC , ZEIT is perfect for micro transactions and faster than LTC or Doge.

 

robelneo Chinese are behind ALL CRYPTO WORLD, not only Litecoin, without chinese bitcoin is dead, litecoin is dead and all other coins are dead.

Why BTC and LTC have a great future? exactly because Chinese guys loves BTC and LTC, not ethereum, monero, lisk and other trashcoins

You can create the best coin (better than bitcoin), but china needs to love this coin, or this coin is dead.

Sorry for all LTC haters if it hurts, chinese controls all cryptoworld, end of the history, accept or cry...  

i agree. litecoin has always been a good altcoin among all these new coins that come and go. it could stay up and relevant for a very long time unlike so many other alts that are created today and disappear in a couple of months. and that shows promise.

hahahahahahahah, pre-mined scam bubblEthereum??? there are only 1 crypto (bitcoin), and only 1 altcoin called Litecoin, the rest are pure shit scamcoins, continue crying

It's been 4 years but he scenario hasn't change also love Litecoin but with so many new coins coming with better features litecoin cannot keep up it's just lucky the Chinese love it and they rally behind it..

  Its pretty easy to see who is holding what on this forum. I am very surprised Litecoin is still so active. Good community so I give them that.

Because Bitcoin ran out of block space?

LOL. Litecoin is dead.

Just hope so... I have some lLTC stashed and I'm hopping to see it reach good prices so that I can sell them and make some nice profit!

Like it or not Bitcoin is heading down the route of high fee, low volume, small block, off-chain scaling settlement layer, litecoin on the other hand is shooting for low fee, high volume, adaptive block, on-chain scaling payment system.

Even if Bitcoin and litecoin were identical the two are heading down completely seperate distinct paths, also Bitcoin core has pretty much laid to rest and hammered the coffin shut for good on the idea of "one coin (one dev team) to rule them all"

A note on price - the majority simply will not consider investing one single cent on litecoin at $5.00, but will be eager buyers at $30-50.

Tell us in three sentences what the advantage of Litecoin over other alts like Ethereum, Maid, DASH, Monero,... etc. is?

I do not see any advantage except the Chinese like Litecoin. Therefore, I do not agree with your statement that Litecoin is a sleeping giant at all

The movement is just beginning....

Because it performs it's purpose better than Bitcoin. It also offers a softer entrance into crypto for someone who wants to mine at a better profit than BTC and not spend $600 a coin. Also, there's no real ltc drama or shills, just folks that obtain it and know it works and is secure. Why are there not a billion LTC threads? Because it sells itself.

the same reason we need all of the other altcoins!

and in case of litecoin here, it is one of the oldest altcoins which could hold its marketcap in the top 10 coins forever and never went down.

on top of that Chinese love this coins and are always pumping it.

What am I looking at?

the chinese love their litecoin, it wouldn't go away anytime soon
real volume here, https://www.worldcoinindex.com/