Why LTC? | Bitcointalksearch.org

jones31

newbie

Activity: 28

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Quote from: proinside on December 12, 2013, 05:18:46 AM

First: LTC is like Silver for Bitcoins Gold.
Second: LTC uses scrypt, where currently is no asic arms race going. So even as a beginner you can mine them pretty good compared to BTC
Third: You can't predict the future. LTCs stock is going up and down like crazy some days. However, it's still the second biggest crypto available right now. And nobody knows when google comes around and says that sha256 is worthless, rendering BTC completly useless.

So its interesting to mine ltc currently and trade them in for other cryptos like btc or qrk or xpm

1) Gold has it;s use , silver has it's use. Bitcoin has it's use , What the hell can you do with litecoin? Trading them against bitcoins , lols
2) Because everybody can mine LTC , is that a better coin? , Lol again. Asics will come fro scrypt too , just wait a few months
3) I think you really don't know what SHA256 is , nor what scrypt is.

superresistant

legendary

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Merit: 1131

Quote from: Bitcoin Is A Great Idea on December 12, 2013, 06:28:01 AM

When are they planned to be released?

Most of them 1st quarter of 2014.

EDIT : wrong estimate sorry, it will be 2 and 3rd quarter of 2014

hamzattin

newbie

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because the fluctuations in the price can offer better profit opportunities. people want to earn too many but in bitcoin market it is very hard such a big spread...

Bitcoin Is A Great Idea

member

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It is! :)

Quote from: superresistant on December 12, 2013, 06:06:45 AM

Quote from: Elkuurbitcoins on December 12, 2013, 05:55:46 AM

Quote from: superresistant on December 12, 2013, 05:47:16 AM

Don't you see. If companies are investing millions to produce new hardware dedicated to mine Litecoin that mean that Litecoin is worth something.
Get some before the jump.

So who is exactly investing millions in hardware dedicated to Litecoin?

I don't have the names in mind. Look for Litecoin FPGA and Litecoin ASIC.

When are they planned to be released?

greenlion

hero member

Activity: 667

Merit: 500

Scrypt is not memory intensive inherently, that's a complete fallacy.

It's just that the most straightforward reference implementation depends on storing bit strings in memory instead of producing them on the fly.

It's entirely possible that computational speed can completely overcome the benefit of large amounts of memory with the right algorithmic design. Obviously there is a tradeoff between memory useage vs. number of operations, but what in computer science isn't like that?

superresistant

legendary

Activity: 2156

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Quote from: Elkuurbitcoins on December 12, 2013, 05:55:46 AM

Quote from: superresistant on December 12, 2013, 05:47:16 AM

Don't you see. If companies are investing millions to produce new hardware dedicated to mine Litecoin that mean that Litecoin is worth something.
Get some before the jump.

So who is exactly investing millions in hardware dedicated to Litecoin?

I don't have the names in mind. Look for Litecoin FPGA and Litecoin ASIC.

Kenshin

sr. member

Activity: 280

Merit: 250

Quote from: PenAndPaper on December 12, 2013, 02:06:10 AM

So far the scrypt asics are only rumors. There isn't any real reason to "use" litecoins over bitcoins but people are thinking of litecoins as a solid crypto coin anyway and they bet that it will grow well alongside bitcoin Tongue

Yeah, if you look at the chart of the price of BTC and LTC. The graph looks almost identical. When BTC goes up LTC goes up. Also there is a rumour BTC China will be adding LTC soon.

Actually out of all the Alt-coins, LTC is the most widely accepted.

Elkuurbitcoins

newbie

Activity: 49

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Quote from: superresistant on December 12, 2013, 05:47:16 AM

Don't you see. If companies are investing millions to produce new hardware dedicated to mine Litecoin that mean that Litecoin is worth something.
Get some before the jump.

So who is exactly investing millions in hardware dedicated to Litecoin?

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: traiz on December 12, 2013, 01:48:42 AM

Newbie question, but why would anyone want use an alt-coin like LTC?
While its supposed to be anti-ASIC due to scrypt; aren't there ASICs coming out for it?
So how would it be any better than bitcoin? Wouldn't an altcoin that prevents mining with anything other than a CPU be better?

Don't you see. If companies are investing millions to produce new hardware dedicated to mine Litecoin that mean that Litecoin is worth something.
Get some before the jump.

proinside

newbie

Activity: 23

Merit: 0

First: LTC is like Silver for Bitcoins Gold.
Second: LTC uses scrypt, where currently is no asic arms race going. So even as a beginner you can mine them pretty good compared to BTC
Third: You can't predict the future. LTCs stock is going up and down like crazy some days. However, it's still the second biggest crypto available right now. And nobody knows when google comes around and says that sha256 is worthless, rendering BTC completly useless.

So its interesting to mine ltc currently and trade them in for other cryptos like btc or qrk or xpm

omega33

sr. member

Activity: 398

Merit: 250

LTC is best coin out of all the alt coins.
It is good to buy some LTCs now as it will appreciate faster than btc.

yasein

newbie

Activity: 11

Merit: 0

Quote from: bitcoindigi on December 12, 2013, 02:09:45 AM

ProtoShares is much better in my opinion. check it!

I agree, I mined 5 PTS and bought some, waiting for the new coins comming out, so I can get a share of them Grin

zolace

sr. member

Activity: 364

Merit: 250

Kinda Consider LTC the Silver next to bitcoin being gold

-04

arkintunde

newbie

Activity: 32

Merit: 0

IMO, Litecoin will continue to gain popularity and remain popular simply because it was second to the punch. I don't know the history of launch dates, but it would seem natural to me that the coins released at a date with the closest approximation of that to Bitcoin, even if the coin is technically identical for the most part, will gain popularity simply because Bitcoin gains popularity.

titulng

sr. member

Activity: 484

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HubrisOne

It's "shanzhai" in chinese.

Essex343

full member

Activity: 196

Merit: 100

just for a quick buck. too risky for long term.

shirenlihei

full member

Activity: 159

Merit: 100

Maybe the cost of an ASICS for LTC is more expansive than that of a video card because of the high-speed memory. But once the producer choose lower-speed memory for compromise and can control the cost, the ASICS for LTC should will come out.

urumchi

newbie

Activity: 22

Merit: 0

ProtoShares is a scam. Not even a coin.

DrG

legendary

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Merit: 1035

Quote from: bitcoindigi on December 12, 2013, 02:09:45 AM

ProtoShares is much better in my opinion. check it!

What a convincing arguement Roll Eyes

There are no ASICS known to be released for LTC. Somebody may be planning it, but even at $40 somebody must really want to corner the market to shell out that much $ that may be better spent on BTC.

bitcoindigi

full member

Activity: 238

Merit: 100

ProtoShares is much better in my opinion. check it!

Topic: Why LTC? (Read 1102 times)