Is it Time For the Litecoin (LTC) to be Revived

6 Jul


It he last week or so the price of the Litecoin (LTC) has been growing with a good pace, essentially doubling from its previous long term level and today it has even passed the $5 USD mark. The exchange rate of Bitcoin has also been rising amidst the trouble in Greece and the general uncertainty in Europe, but not as much as the Litecoin. So could this be a signal it is time for the LTC to rise up and start catching up its lost positions? Interestingly enough with the increase in price of the LTC the interest in mining for Litecoins is also increasing, but there are no up to date ASIC miners or even cloud mining services left to offer Litecoin mining. That is not the case for people that have older Scrypt ASIC miners lying around and collecting dust as with the current price of LTC there is a reason enough to dust them off and start mining with them again.

On the other hand the timing of SFARDS Technology’s SF100 Dual-Miner that is expected to be available for order sometime this month could not be better. This miner is capable of providing a hashrate of 47 MHS with a power consumption of just 180W as per the information released from the manufacturer in single LTC mining mode. So the only thing remaining unknown is when it will be released and where you will be able to buy the miner from and for how much as the price is one of the key moments here. Unfortunately since the decline in home mining and end user’s interest in mining hardware there are not much stores selling ASIC miners, so it could be hard for people to get their hands on the Dual-Miner from SFARDS.

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2 Responses to Is it Time For the Litecoin (LTC) to be Revived


July 7th, 2015 at 01:52

What the hell is driving this? I can see that the price is rising. Is it a pump or actually based on something fundamental?


July 7th, 2015 at 13:10

I think the markets are preparing for the reward halving later in august

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