A rise in litecoin price could be a rational response to expected ASIC deployment (though the effect seems too big?).
Investments in assets yielding litecoin and bitcion generate an incentive for complementary investments in litecoin and bitcoin applications. If ASICS make GPUs useless for producing bitcoin, then incentives for GPU owners to develop litecoin applications will be strengthened (i.e. efforts at bitcoin development will be diverted to litecoin). Essentially GPU owners will want to rescue their equipment from obsolescence.
Improvements in litecoin applications would increase demand for litecoin, positively affecting price.
Note that this only affects currencies that this should only affect currencies that can be mined with GPUs, but not with ASICs.
[Note: This is not investment advice. The price rise seems larger than could be justified to me.]
Topic: Litecoin price is blowing up! - page 6. (Read 9594 times)
Thats because I am not trolling! I am a legitimate Data Processing business, and virtual estates are data.
-MarkM-
-MarkM-
Sinking my life savings into BBQcoin is about to pay off big time!
Thats the spirit! Could I interest you in a virtual retirement estate?
Say, in 3-D even? Or possibly an economy edition in 2-D? Or for the frugal, how about a nice text-mode one?
-MarkM-
LOL Mark you're not very good at trolling.
Sinking my life savings into BBQcoin is about to pay off big time!
Thats the spirit! Could I interest you in a virtual retirement estate?
Say, in 3-D even? Or possibly an economy edition in 2-D? Or for the frugal, how about a nice text-mode one?
-MarkM-
Man, I guess the days of me solo-mining eight blocks in a single day with my couple GPU's is long over 
Far from it! Fire up BBScoin and you should make many more blocks than that in a day, if you are one of the Early Re-adopters!
-MarkM-
Next Difficulty Estimate 20.77367823 
Network Hash Rate 588,455 kH/s
High: 0.00869 BTC
Good for the ones that have quite a few mined already, but jumping in when next dif. kicks in, lol.
Network Hash Rate 588,455 kH/s
High: 0.00869 BTC
Good for the ones that have quite a few mined already, but jumping in when next dif. kicks in, lol.
Man, I guess the days of me solo-mining eight blocks in a single day with my couple GPU's is long over
(Pick up BBQcoin while you still can, as once litecoin is overpopulated what other ASIC-resistant chains are there to expand into? Liquidcoin? It has really really bad orphan rates. Tenebrix maybe? Code is way ancient, and isn't it too one of those too fast to be practical chains?)
Sinking my life savings into BBQcoin is about to pay off big time!
Next Difficulty Estimate 20.77367823
Network Hash Rate 588,455 kH/s
High: 0.00869 BTC
Good for the ones that have quite a few mined already, but jumping in when next dif. kicks in, lol.
Network Hash Rate 588,455 kH/s
High: 0.00869 BTC
Good for the ones that have quite a few mined already, but jumping in when next dif. kicks in, lol.
Hrm... maybe there is hope for my gpu farm yet.
yep, as ASIC hit I expect all the chains that the ASICs don't do the correct hashing for and all the chains that the tunne;-vision "only bitcoin for me" crowd ignore will be moved to by GPU farms, though for the latter once the ASIC folk do get full merged mining set up mining all the chains they can the GPUs that stuck with bitcoin in order to pick up all the merge-able chains while they still could will end up eventually moving to the chains the ASICs are no good for.
(Pick up BBQcoin while you still can, as once litecoin is overpopulated what other ASIC-resistant chains are there to expand into? Liquidcoin? It has really really bad orphan rates. Tenebrix maybe? Code is way ancient, and isn't it too one of those too fast to be practical chains?)
-MarkM-
Hrm... maybe there is hope for my gpu farm yet.
Last Price: 0.0078 BTC
Volume: 3882.17 BTC / 512300 LTC
that is insane volume for ltc
Volume: 3882.17 BTC / 512300 LTC
that is insane volume for ltc
$32? You would part with them that cheap?
Just because bitcoin is obscenely undervalued you have to copy them in that too, throwing away your litecoins for a pittance?
-MarkM-
Just because bitcoin is obscenely undervalued you have to copy them in that too, throwing away your litecoins for a pittance?
-MarkM-
Dont know if anyone noticed , but estimated difficulty increase is 40%.
15 minutes ago there was A MASSIVE DUMP on btc-e for litecoin, but in half an hour, price started to liftoff again.
lol, this sure was an insane day for traders
15 minutes ago there was A MASSIVE DUMP on btc-e for litecoin, but in half an hour, price started to liftoff again.
lol, this sure was an insane day for traders
Let's buy LTC -> it will go up -> we will be millionaires.
+1
Soon to be 11c / LTC
Oops. 9c/LTC...
We will all be rich for mere seconds!
We want litecoin to be just like bitcoin. Everyone was millionaires when bitcoin hit $32 last year.
Let's buy LTC -> it will go up -> we will be millionaires.
+1
Soon to be 11c / LTC
Oops. 9c/LTC...
We will all be rich for mere seconds!
Let's buy LTC -> it will go up -> we will be millionaires.
+1
Soon to be 11c / LTC
Oops. 9c/LTC...
Let's buy LTC -> it will go up -> we will be millionaires.
+1
Soon to be 11c / LTC
Let's buy LTC -> it will go up -> we will be millionaires.
9.2 cents US now on BTC-e.
https://btc-e.com/exchange/ltc_usd
0.000768 BTC.
https://btc-e.com/exchange/ltc_btc
It was at 3.6 cents around 4 weeks ago. Impressive, really impressive! It took value even with BTC going down a little.
https://btc-e.com/exchange/ltc_usd
0.000768 BTC.
https://btc-e.com/exchange/ltc_btc
It was at 3.6 cents around 4 weeks ago. Impressive, really impressive! It took value even with BTC going down a little.
Impressive indeed... I might need to dust off the LTC wallet.
Impressive indeed...we might need to start protecting our LTC wallets!
start?
9.2 cents US now on BTC-e.
https://btc-e.com/exchange/ltc_usd
0.000768 BTC.
https://btc-e.com/exchange/ltc_btc
It was at 3.6 cents around 4 weeks ago. Impressive, really impressive! It took value even with BTC going down a little.
https://btc-e.com/exchange/ltc_usd
0.000768 BTC.
https://btc-e.com/exchange/ltc_btc
It was at 3.6 cents around 4 weeks ago. Impressive, really impressive! It took value even with BTC going down a little.
Impressive indeed... I might need to dust off the LTC wallet.
Impressive indeed...we might need to start protecting our LTC wallets!
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