Posts Tagged ‘Litecoin price’

Litecoin (LTC) Difficulty Back to Where it Was

11, Sep 2015

litecoin-difficulty-chart

After the recent Litecoin (LTC) block reward halving we’ve seen some drop in the total network hashrate and thus difficulty as well as a direct result from the new lower rewards as a result of mining. The exchange rate of Litecoin did not change much, but with the lower difficulty things were looking like they would balance – smaller reward, but easier to mine. Interestingly enough a few days after the block reward halving the difficulty of LTC has started rising again and has already reached back the level where it was before the halving and it seems that it will continue to rise. This development rises some questions as to what is happening, so that the difficulty is rising and the exchange rate remains the same while the block reward is half of what it was previously. The only reasonable answer would be that somebody is bringing online new generation of more efficient Scrypt ASIC miners, otherwise with old generation hardware a lot of people would be mining LTC at a loss. There are not that many options available, probably SFARDS is stacking up their new SF100 miners for own use in a data center or maybe Innosilicon is ready with their next generation of Scrypt ASIC chips and are doing the same…

Bitcoin Price Below $300 USD and Litecoin Under $3.5 USD

5, Oct 2014

current-crypto-prices

The last two days we are seeing another serious drop of the price for both BTC and LTC and there is a lot of speculation going on for the reason why and what is causing this and looking at the prices of other crypto currencies you can see the same trend as well, most are going down in price. The big question however is if this is just a temporary dump caused by big whales that just want to drive the prices low so that they can buy cheaper coins and then cause the price to spike back to their previous levels. Miners are also having a hard time in deciding if they should keep mining with prices like that, especially if they are selling the mined coins immediately trying to get a faster ROI on their ASIC or GPU purchases. Investments in new mining hardware or cloud mining hashrate with the current prices are also considered very risky, so people are holding on. People that have pre-ordered mining hardware and are still waiting for it to arrive such as ASIC miners from KnCMiner or Alpha Technology and others are not happy at all. So the best thing you can do now is probably not to panic and just wait for things to calm down and see what happens, or is it…

Litecoin Network Difficulty Still Rising Seriously

9, Jul 2014

litecoin-network-difficulty-on-the-rise

With the shipment of more and more Scrypt ASIC miners the network difficulty is still on the rise and the percentage it increases at each difficulty readjustment is increasing as well. At the same time the price of the Litecoin remains under $8 USD with the most likely reason being that there are more sell orders and buy orders due to new miners willing to get as fast as possible ROI of their ASIC mining hardware. As a result these people mine LTC and sell it immediately and thus the exchange rate is going down and people start panicking about the future of Litecoin. This also makes more and more people rethink their plans for purchasing, especially on pre-order, new Scrypt ASIC miners.

What you can do to actually get better profit mining LTC and at the same time help in bringing the exchange rate up and not down is to mine in multipools such as LTC Rabbit and Coin King and others where you mine the most profitable Scrypt coin and can get payments in Litecoins. This helps LTC in a way that you are usually getting slightly higher profit than directly mining for Litecoins and the miner altcoins are sold for BTC and the earnings in BTC are used for purchasing LTC. This creates more buy support for the Litecoin, though it might not be as good for other alternative Scrypt crypto currencies such as DOGE that is suffering quite a lot because of this mining method used by multipools. Do note however that mining in a multipool does not always mean you will be getting better profit as often the pool might be mining directly for LTC if there is no more profitable alternative crypto currency.


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