Posts Tagged ‘Litecoin (LTC)’

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…

Litecoin is Still on the Rise, Testing $8 USD

9, Jul 2015

litecoin-price-on-the-rise

The exchange price of Litecoin (LTC) is still on the rise with the alternative crypto currency already testing the $8 USD target and this has caused a lot of speculation about the reasons behind this recent rise. Some people say it could be due to the recent high load on the Bitcoin blockchain and transactions processing slow due to a lot of unconfirmed ones in the backlog. Other say the reason could be just another pump and dump scheme by a big player with a lot of coins. Another plausible possibility is due to the upcoming fist halving of the LTC reward at the end of August, or the unfavorable situation in Greece at the moment or that on the issues with the China stock markets and the list goes on and on…

Regardless of the reason behind the jump in the exchange rate it is already causing increased demand for Scrypt ASIC miners and services offering Scrypt cloud mining, however nowadays these are scarce and had to find. The best thing you can probably get at the moment is an Innosilicon A2 Scrypt ASIC miner at a discounted price if you manage to find yourself a good deal for a SilverFish Scrypt Blade miner. With Bitmain Tech and ZeusMiner canceling their Scrypt ASIC projects last year (maybe they can restart them if the trend continues) and KnCMiner stopping to sell their Titan Scrypt ASICs and any other ASIC miners to end users there is just one new interesting option coming up. The new SFARDS SF100 Dual-Miner ASICs that are supposed to be available later this month, though SFARDS is still keeping silent about their pricing and expected availability is said to be July.

In the end it is good that we are finally seeing some movement surrounding LTC along with some other Scrypt crypto currencies as nothing much has been happening around Litecoin in the last few months, so the recent price jump and revived interest is definitely a good thing for people that are into altcoins. Especially now that Bitcoin mining is moving away from home miners and more and more towards large mining farms, whereas Scrypt mining is still at a phase where it is still focused mostly in the hands of small mining operations. So we are keeping a close eye on the development around Litecoin and so should you…

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

6, Jul 2015

ltc-price-on-the-rise

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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