LTC > BTC | Bitcointalksearch.org

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: zoinky on April 01, 2013, 07:44:40 PM

Quote from: mccorvic on April 01, 2013, 07:40:50 PM

QE:USD :: LTC:BTC

Anyone who plays with LTC is only devaluing crypto. Everyone thought the FBI and CIA would try to bring down BTC, turns out the biggest threat were some script kiddie emo kids.

Judging by BTC-e chat, I'd agree with you. But I guess this is how free markets work.

lol, the people of btc-e chat are so dumb you can't even troll them. Someone earlier said that the EU announced it was switching from the Euro to LTC and the chat went crazy asking for sources and speculating on the prices. I don't think they'd figured it out by the time I gave up.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: mccorvic on April 01, 2013, 07:40:50 PM

QE:USD :: LTC:BTC

Anyone who plays with LTC is only devaluing crypto. Everyone thought the FBI and CIA would try to bring down BTC, turns out the biggest threat were some script kiddie emo kids.

Judging by BTC-e chat, I'd agree with you. But I guess this is how free markets work.

mccorvic

hero member

Activity: 518

Merit: 500

QE:USD :: LTC:BTC

Anyone who plays with LTC is only devaluing crypto. Everyone thought the FBI and CIA would try to bring down BTC, turns out the biggest threat were some script kiddie emo kids.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Quote from: chriswilmer on April 01, 2013, 06:28:33 PM

I think I see your point... maybe? I recognize that this is a bad thing, for someone, but why is it bad for litecoin users?

And here i didnt take into account that bots may have GPU.

I only want to show, that Scrypt usage is designed to get less pain from GPU, but it brings more pain from botnet in comparing to bitcoin.

LTC is 10x vulnurable to botnet mining by design rather than Bitcoin.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Math adjustments.

ntel Core i5 750 30 khash
11561 khash/sec = 109.9 LTC
1 LTC = $0.018

11561 khash = 109.9 LTC/day
30 khash = x LTC/day

x=30*109.9/11561= 0.28 LTC/day = $0,005 /day

Hmm.... Did I miss three decimals somewhere?

1000 installs costs $8 on dark market (mix countries). Brings $0.5 a day.

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: lucif on April 01, 2013, 06:18:29 PM

Throwing away business idea.

1000 malware installs costs somewhat below $100 on dark market.

Its a botnet of 1000 hosts for $100.

LTC Scrypt is designed to pessimise GPU calcs with CPU calcs. So CPU mining is easier.

1 Intel Core i5 bot will bring $5 a day.

1000 bots will bring $5000 a day.

So
1. Buy botnet for $100
2. Buy bulletproof server for $300
3. Install ltc mining pool there
4. Infect botnet with ltc miner
5. Get $5000 a day.

I don't have time for this shit so I throw it away. LTC is shit.

I think I see your point... maybe? I recognize that this is a bad thing, for someone, but why is it bad for litecoin users?

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Quote from: lucif on April 01, 2013, 06:18:29 PM

Throwing away business idea.

1000 malware installs costs somewhat below $100 on dark market.

Its a botnet of 1000 hosts for $100.

LTC Scrypt is designed to pessimise GPU calcs with CPU calcs. So CPU mining is easier.

1 Intel Core i5 bot will bring $5 a day.

1000 bots will bring $5000 a day.

So
1. Buy botnet for $100
2. Buy bulletproof server for $300
3. Install ltc mining pool there
4. Infect botnet with ltc miner
5. Get $5000 a day.

I don't have time for this shit so I throw it away. LTC is shit.

Until the botnet operator sees what you plan to do and does it for himself.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Throwing away business idea.

1000 malware installs costs somewhat below $100 on dark market.

Its a botnet of 1000 hosts for $100.

LTC Scrypt is designed to pessimise GPU calcs with CPU calcs. So CPU mining is easier.

1 Intel Core i5 bot will bring $5 a day.

1000 bots will bring $5000 a day.

So
1. Buy botnet for $100
2. Buy bulletproof server for $300
3. Install ltc mining pool there
4. Infect botnet with ltc miner
5. Get $5000 a day.

I don't have time for this shit so I throw it away. LTC is shit.

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: Nick on April 01, 2013, 05:51:44 PM

Quote from: steelboy on April 01, 2013, 05:50:52 PM

Quote from: Nick on April 01, 2013, 05:49:01 PM

MtGox also seems to consider adding litecoins soon.

I hope it crashes and becomes irrelevant before they go through with it.

Nothing against alternative cryptocurrencies, but they should offer significant differences to Bitcoin.

Where's that info from?

https://data.mtgox.com/api/2/LTCUSD/money/ticker

Gibberish to me mate.

Nick

jr. member

Activity: 57

Merit: 1

Quote from: steelboy on April 01, 2013, 05:50:52 PM

Quote from: Nick on April 01, 2013, 05:49:01 PM

MtGox also seems to consider adding litecoins soon.

I hope it crashes and becomes irrelevant before they go through with it.

Nothing against alternative cryptocurrencies, but they should offer significant differences to Bitcoin.

Where's that info from?

https://data.mtgox.com/api/2/LTCUSD/money/ticker

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: Nick on April 01, 2013, 05:49:01 PM

MtGox also seems to consider adding litecoins soon.

I hope it crashes and becomes irrelevant before they go through with it.

Nothing against alternative cryptocurrencies, but they should offer significant differences to Bitcoin.

Where's that info from?

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: Nick on April 01, 2013, 05:49:01 PM

but they should offer significant differences to Bitcoin.

like facebook did offer over myspace ?

humanitee

hero member

Activity: 1302

Merit: 502

First ya pump, then ya dump.

Nick

jr. member

Activity: 57

Merit: 1

MtGox also seems to consider adding litecoins soon.

I hope it crashes and becomes irrelevant before they go through with it.

Nothing against alternative cryptocurrencies, but they should offer significant differences to Bitcoin.

steelboy

hero member

Activity: 756

Merit: 1000

I dipped into the LTC market last night at .8 Pretty pleased with 100% return in 24 hours.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

if you did not notice LTC is also on bubble mode and went from 0.8 up at 1.6 now is BTC turn to go from 100 to 200 in one day to keep up whit LTC

Topic: LTC > BTC (Read 1602 times)