To all the people wanting to hardfork LTC. You clearly do not understand the reason for LTC so I will explain it.
Litecoin was made to be ASIC resistant BECAUSE: Litecoin will not be affected by ASIC and benefit from ASIC.
Also Because Reasons.
Topic: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork - page 5. (Read 68499 times)
We already have Bitcoin Scrypt. Born dead currency without future.
http://www.youtube.com/watch?v=eBDi0iM2kcU
http://www.youtube.com/watch?v=eBDi0iM2kcU
ASICs = more profits for the manufacturers.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
I fully agree with you, but a hard fork isn't the right way to solve this problem.
ASICs = more profits for the manufacturers.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
+53 bazillion
ASICs = more profits for the manufacturers.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
People keep repeating that blatant lie, out of ignorance I guess, that asics are cheaper and more efficient and thus more profits for the miners.
Well, NO!
You can't buy an asic NOW like you can buy gpus, and with the current pre-order mafia, it makes it impossible for anyone besided the manufacturers and their inner circle to make any money with asics.
That's just fact, I'm done with this, and lost faith on 90% of the human race right now...I can't believe the foolishness/blindness of some.
ASIC wont hurt LTC. Are you sure? You have a few ppl with brains building ASIC's. Of course they are mining it to make profit.
Everyone sees that but most bag holder wont risk anything to change that. They have the $ now and they dont care trading is also profitable.
The devs have a lot of LTC i guess so no interest to change that.
Cant blame them, smart guys.
Sadly i seriously doubt anything will change here. Only a new coin can make the change.
With BTC at hand who need's another high value coin, something like doge could be the future.
Everyone sees that but most bag holder wont risk anything to change that. They have the $ now and they dont care trading is also profitable.
The devs have a lot of LTC i guess so no interest to change that.
Cant blame them, smart guys.
Sadly i seriously doubt anything will change here. Only a new coin can make the change.
With BTC at hand who need's another high value coin, something like doge could be the future.
Terrible idea, IMO. Just as the original dev's said, ASIC's won't hurt Litecoin. Besides, as people said, mining with ASIC's is much better for everyone (less expensive hardware, more profits).
And you want to fork one of the most established altcoins in existence... That is almost impossible, people are already used to Litecoin and using daily for many things, a change will not be welcome, and will cause an unnecessary split in a growing community. We have to change pools, exchanges, merchants... That's a lot of work. And besides, if both forks would co-exist that would be one hell of a confusion.
It's not worth the hassle making a fork for this. More work then benefits. If there's enough interest (and let's just say everyone is VERY interested in Litecoin), ASIC's for another algo's would appear in a heartbeat
And you want to fork one of the most established altcoins in existence... That is almost impossible, people are already used to Litecoin and using daily for many things, a change will not be welcome, and will cause an unnecessary split in a growing community. We have to change pools, exchanges, merchants... That's a lot of work. And besides, if both forks would co-exist that would be one hell of a confusion.
It's not worth the hassle making a fork for this. More work then benefits. If there's enough interest (and let's just say everyone is VERY interested in Litecoin), ASIC's for another algo's would appear in a heartbeat
I'm not supporting this.
Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.
Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.
It's within everybodys discretion to invest in asics or not. Nobody forbid it.
But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.
Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.
Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.
It's within everybodys discretion to invest in asics or not. Nobody forbid it.
But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.
Agreed. You can't just change an algo to support your market position. Create a new coin and let them compete.
Will a hard fork reset the diff starting back at 0?
this is the same team behind some coin fork lately? THE 51% TEAM 
, dont fall into this they already mine tons of their forked version LTC and plan this 51% attack.
if anyone has the right to do algo change, is the dev. heck they not even bother to contact the dev
, dont fall into this they already mine tons of their forked version LTC and plan this 51% attack.if anyone has the right to do algo change, is the dev. heck they not even bother to contact the dev
Again, this is nothing more than a troll thread of folks trying to spread FUD.
As long as im involved with LTC this will never happen.
I'm also having doubts about this thread, considering that it was mentioned by the OP it is a group of folks who are senior members here. It sounds more like a few folks that dont want LTC to succeed and want to confuse people. Either that or they have put little thought into this (or its an April fools joke).
As long as im involved with LTC this will never happen.
I'm also having doubts about this thread, considering that it was mentioned by the OP it is a group of folks who are senior members here. It sounds more like a few folks that dont want LTC to succeed and want to confuse people. Either that or they have put little thought into this (or its an April fools joke).
I'm not supporting this.
Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.
Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.
It's within everybodys discretion to invest in asics or not. Nobody forbid it.
But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.
Although I don't like the future of scrypt asics, but you can't just change the coin.
Once a coin is released with an algo it must stay with this algo. Otherwise people will lose the trust in crypto, because they fear next month a coin could be with a completely different algo which lead to different prices.
Besides that the companys also invested a lot of money & work to produce asics. So it isn't illegal, just the hard work of them. Also the people who buy those asics. They invested a lot of real money, so why shouldn't they get profited from that.
It's within everybodys discretion to invest in asics or not. Nobody forbid it.
But this idea is completely stupid and could ruin not only LTC, but hurt the whole crypto market.
You are probably a troll or you don't know what you are talking about...
Clearly, it will take much much time and effort to make a hard fork with compatible blockchains, the people here are rather lazy, just want easy money, and won't spend time ont that.
And X11 is not a revolutionary algorithm but a mix of several sources adapted (blake, bmw, groestl, jh, keccak, skein etc.)
Clearly, it will take much much time and effort to make a hard fork with compatible blockchains, the people here are rather lazy, just want easy money, and won't spend time ont that.
And X11 is not a revolutionary algorithm but a mix of several sources adapted (blake, bmw, groestl, jh, keccak, skein etc.)
What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.
ASIC will stratify LTC with BTC, separating it from the shit.
WIth ASIC big money is GOING AWAY from cryptos ..ASIC will stratify LTC with BTC, separating it from the shit.
KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."
They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.
they made an investment, and they harvest the result of their investment! where's the problem?! BTC is not a communist project!
This debunks The legend of mighty hashrate that will secure our coin (from sky falling on our heads).
Also, farms like that will invest, rape and harvest not only LTC but any other profitable coin. In communism they will be executed, but no one is going to shoot that guys. They have right to act and others to react "within the law"
Something like this would kill the cryptoworld altogether. No-one would put any many in any coin as it could be done to any coin. Which one would be next Bitcoin, Doge?
What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.
ASIC will stratify LTC with BTC, separating it from the shit.
WIth ASIC big money is GOING AWAY from cryptos ..ASIC will stratify LTC with BTC, separating it from the shit.
KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."
They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.
they made an investment, and they harvest the result of their investment! where's the problem?! BTC is not a communist project!
What a joke! Tech Luddites trying to stop progress... This isn't 2010 anymore, big money is coming into crypto and this project just muddies the water around a highly successful (#2) coin. Go create some crap altcoin if that is your intention.
ASIC will stratify LTC with BTC, separating it from the shit.
WIth ASIC big money is GOING AWAY from cryptos ..ASIC will stratify LTC with BTC, separating it from the shit.
KNCminer bought an old helicopter-hangar in northern Sweden (5.500 m2) to mine Bitcoins with their powerful minings-rigs. "We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."
They have most network and they just mine and dump and have giant profit on expense off the others..and price goes down little by little..every $ you spend buying bitcoin big part off it go in to their pockets.
We don't want LTC to become the next Nokia or Kodak.
If Bitcoin is Usenet, let LTC become Torrents.
If Bitcoin is Usenet, let LTC become Torrents.
fixed it for you
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