Archive for the ‘General Info’ Category

litecoing-network-difficulty-latest

The last week or so you have probably seen the Litecoin difficulty increasing significantly, but now it should get back to a more normal level getting down a bit, though the steady and slow growth may still continue. The reason for the rapid growth in the last week was most likely the CexIO Doubled Rewards for Litecoin Mining promotion that has attracted a lot of attention. This has lead to many users switching from various alternative crypto currencies to LTC mining, but now that this promotion is over they are getting back to other more profitable coins and pool with automatic profit switching instead of directly mining Litecoin. Another thing that has probably lead to increase in the difficulty and Litecoin popularity (the spike in LTC price as well) in the last few days was the announcements of for LTC trading in two of the biggest crypto currency exchanges in China. And then there is of course the Gridseed with their BTC/LTC mining ASIC devices that are selling really fast and adding more and more hashrate to LTC and other Scrypt crypto currencies.

In the long term we should be seeing the price of LTC getting higher and the coin getting more independent from Bitcoin as it will also become harder to mine due to the increase in difficulty. Later this year we are expecting other companies that are making Scrypt ASIC devices to also start shipping more powerful hardware such as the 5 MHS and 25 MHS Alpha Technologies ASIC miners as well as the just recently announced 100 MHS Titan ASIC from KnCMiner. Other companies might as well release products and Gridseed will most likely as well offer a more powerful mining solution combining more than 5 chips in a single device. This all will inevitably lead LTC on the same way that BTC has gone already, taking away the coin from the many users mining with GPUs and moving the generation of larger amounts of Litecoins to the serious miners that can invest in a lot of ASIC mining hardware. All of this will bring forward other alternative cryptos that are not based on the Scrypt algorithm as ASIC devices designed for it will be able to mine all Scrypt coins, so coins with other algorithms may get more popular. GPU miners will probably move to coins using Scrypt-Adaptive-Nfactor, SHA-3 Keccak, Scrypt-Jane and other of the many algorithms.

haasonline-beginer-trade-bot

A new version of the Haasonline Automated Trading Bot software was released along with an update for the trading platform for existing users. The new Beginner Trade Bot is a bit more limited compared to the Simple and Advanced versions of the trading software, but also comes at a much affordable price, making it ideal for people that want to try it out first without having to invest a lot in the software for the more expensive licenses. And the good news is that you can upgrade at a later time to the other two versions by paying for the difference, so if you like the results and need more features you can upgrade, if not you would not have paid up to 0.9 BTC to see that this software is not for you. The price for a license for the Beginner Trade Bot is 0.25 BTC and you can get 5% discount if you add the coupon code “5off” (without the quotes) on checkout. Note that the promo code for the discount can also be used for the other two versions of the software, not only for the Beginner license.

The update to the software that existing users have received brought some new features and improvements, but due to changes in how user settings are stored in the new version after upgrading the trade bot configuration and the exchange API keys will be lost and yo will need to set them again and that can be a bit of a bother, especially if you have configured a lot of bots already with different settings. On the other hand there are some useful improvements in the new version along with new indicators, better options for selecting the trading amount that the bot can operate with and more advanced check if the set orders have executed or not. With the older version we had a few cases when an order is sent to an exchange such as Cryptsy and not getting executed for a while without getting removed due to a timeout, so hopefully the new update will fix these problems. We are currently testing the automated trading bot on LTC/BTC trading to see how good it will perform in the current market situation with the Litecoin prices going up and so far we are seeing good results getting some profit from our automated trades.

For more information about the Haasonline Automated Trading Bot for crypto currencies…

heavycoin-hvc-price-chart

Now, more than a day since the release of a GPU miner for AMD graphics for mining the previously announced as CPU only crypto Heavycoin (HVC) is available, surprisingly the price of the crypto is still at high levels. The release of GPU miner already made the mining of the coin with CPU pointless, and the coin is already not so easily mineable with GPUs with the network hashrate already pretty high. Mining HVC with AMD GPUs however may be worthwhile for some more time if you have some AMD Radeon cards to spare if the exchange rate does not start to drop. We still haven’t gotten a release of a HVC miner for Nvidia that uses CUDA, but the author of CudaMiner is working on such software. The interest in Heavycoin is still quite high and you should not be dismissing it so easily.

For more information about the Heavycoin (HVC) HEFTY1 based cryptocoin…


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