Litecoin reaches 10 Gigahashes (10 Terahashes in Bitcoin terms) ?

aspect

newbie

Activity: 57

Merit: 0

Quote from: cdog on April 15, 2013, 02:20:26 AM

Yeah, at this point Im mining based on the future price cause as it is now with current difficulty and price, its frankly a marginal operation considering that it takes a fair amount of time and effort keeping several rigs hashing 24/7. Im a believer that LTC can be a longterm contender, but right now it makes a lot more sense to buy coins than build new rigs to mine them at these prices.

One of the best ways to improve it's value is to contribute to the project or offer services that accept it.

How about adding LTC support to seals with clubs?

Craftyman

member

Activity: 75

Merit: 10

Quote from: cdog on April 15, 2013, 02:20:26 AM

Yeah, at this point Im mining based on the future price cause as it is now with current difficulty and price, its frankly a marginal operation considering that it takes a fair amount of time and effort keeping several rigs hashing 24/7. Im a believer that LTC can be a longterm contender, but right now it makes a lot more sense to buy coins than build new rigs to mine them at these prices.

Same here, I'm almost mining at a loss based completely on speculation that LTC is horrendously undervalued.

cdog

hero member

Activity: 1036

Merit: 500

Yeah, at this point Im mining based on the future price cause as it is now with current difficulty and price, its frankly a marginal operation considering that it takes a fair amount of time and effort keeping several rigs hashing 24/7. Im a believer that LTC can be a longterm contender, but right now it makes a lot more sense to buy coins than build new rigs to mine them at these prices.

peacefulmind

full member

Activity: 196

Merit: 100

The rise in difficulty is just crazy. Shocked

tacotime

legendary

Activity: 1484

Merit: 1005

No, that's correct, 10 GH/s is about 10 TH/s BTC in GPU terms. The migration of miners to the Litecoin network has been steady as ASICs are introduced.

aspect

newbie

Activity: 57

Merit: 0

Hello Everyone,

Can someone please validate my observations:

Litecoin hash rate passed ~10 Gigahashes (was at 11 earlier today), it floats around 9.5-10.5 now.
http://www.litecoinpool.org/stats

In Bitcoin terms one could say that this is ~10 Terahashes (since Scrypt is about 1000 times slower then SHA for hash generation).

Current Bitcoin network speed is 61 Terahashes.
http://bitcoinwatch.com

This means that Litecoin network hash rate is ~1/6th of the Bitcoin network hash rate?

How much would that be in PetaFLOPs given that Litecoin is Scrypt based?

Are my numbers correct or am I lacking sleep?

Topic: Litecoin reaches 10 Gigahashes (10 Terahashes in Bitcoin terms) ? (Read 2194 times)