Yeah just did a rant on this in the area of LTC difficulty going up…not the angle they wanted on my rant but what the heck.
So I presently am all out of LTC. I mine my LTC and move it via shapeshift.io to BTC. Moved
the majority of stash at 0.00506 ltc to btc.
The present ratio is 0.00473 ltc to btc and price of $3.59 as I type this.
Also saw this about a new proprietary card/device (data hall purchase only in house) and giant LTC mainly
data hall going up in China.
(trying to find the link to this will edit if/when I find it or post in the thread if you saved this as well)
It could get even more interesting hash rate rise wise indeed. More and more miners. NO real price change or
worse a declining ratio of LTC to BTC as BTC rises…this all could dump to $2 imho with all the pressure
to mine and sell with no increase in adoption or talk about LTC.
We will see. That is my strategy so far. Had a buddy just yesterday dump out all his LTC at I think it was
$3.69 per LTC …he had like 8K of LTC …long term holder…he finally had enough of all eggs in the LTC
basket…all to BTC…
whatever what I’m telling folk now I’m doing in all honestness … a 300 mh Titan at 11c a kwh at 1200 watts
(using gen tarkin 3rd party firmware energy eff mods) This using the free calculator for LTC at www.litecoinpool.org/calc
gets the following
24 hours 2.14127930 LTC 7.69 USD 3.17 USD 4.52 USD
7 days 14.98895508 LTC 53.81 USD 22.18 USD 31.63 USD
30 days 64.23837891 LTC 230.62 USD 95.04 USD 135.58 USD
The calc for the A4’s are much worse in that on bitcointalk thread they are not working well at all. Thus would
probably with up/downs of boards and issues only get about 100 a month in profit vs above.
Anyway interesting times, but hardly the kinda situation you want to be pouring a lot of equipment …which
at the present time (A4’s) only seem to able to run LTC (less badly) then other alts and multipools…
Lastly IF BTC was to hit $1,000 bucks, at the current LTC ratio that would be
at above 0.00473 would be at the current BTC price of $1000 usd only be $4.73 usd LTC …a big if on
such a BTC price rise on if that ratio would even hold…but there you have it.
As to the A4 big data hall folks they have no choice but to get the data hall out. As to the 2nd
proposed supposed equip/data hall above…not sure what they are thinking (1c elec?) add the A4’s
at 1800 plus shipping (if they would work) and really wondering why anyone would buy the consumer
product at this time indeed.