Posts Tagged ‘LTC’

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.

Make Sure to Update Your Litecoin Wallet to The Latest v0.8.7.4-beta

4, Jan 2015

litecoin-0-8-7-4-beta

There haven’t been a lot of good news for Litecoin (LTC) lately with ASIC manufacturers cancelling the development of new mining hardware and the exchange rate going down, hitting even below $2 USD briefly today. But LTC is still one of the most popular alternative crypto coins and will most likely continue to be, even though some people think it is doomed. The situation with Bitcoin is not that great lately either, especially with the exchange rate also down like is the case with Litecoin, but we expect things to slowly start recovering in 2015. There is a change for Litecoin that is going to come in a few days – permanent lock of the v2 block type at block 710000 – something that should happen around 9th of January and you need to make sure that you have the latest wallet installed. The Litecoin v0.8.7.4-beta has been available for a few months, but still a lot of people might not have updated to that version and you need to make sure you are using it to avoid having issues with the LTC in a few days. Don’t wait for the last day if you still haven’t updated, although it is more important that pool operators update their wallets if they have not done so yet. Later this year we are also going to see the first blow reward halving for Litecoin that is expected to happen at block 840000 that should be reached at around August-September time.

– To download the latest Litecoin wallet v0.8.7.4-beta software for your OS…

DOGE After a Few Days of Merged Mining

15, Sep 2014

doge-network-hashrate-difficulty

After the announcement of the Dogecoin and Litecoin merged mining a few days ago we’ve seen some interesting development. The DOGE network hashrate and thus the difficulty has literally skyrocketed as most of the hashrate from the LTC network has been added to the DOGE as people moved to pools with merged mining support. Most of the people mining DOGE directly have also moved to merged mining as with the serious increase of Dogecoin difficulty it became pointless to directly mine for it instead of mining in a pool with support for AuxPow. In fact the AuxPow support for DOGE means that you can merge mine it not only with Litecoin, but with other Scrypt crypto currencies as well, but the main focus of course is merged mining with LTC as there the network hashrate is the highest.

litecoin-current-difficulty-hashrate

With the spike of difficulty it was expected that the price of the DOGE should rise and some people used that to speculate and do a pump up to about 90 Satoshi and then dumped bringing down the price to about 50 Satoshi. Now however the price has kind of stabilized already at a level of about 70 Satoshi, so we can say that there is a significant increase of the price meaning there is still serious interest in DOGE and the merged mining has actually done more to revive it than to kill it as some pessimists claimed. Still we are about to see what will happen on the long term, but now things seem to be stabilizing after the initial peak of interest. The effect from the merged mining that we are seeing already on the LTC side is that the difficulty has started to increase rapidly, or at least that was observed with the last difficulty adjustment. The Litecoin network difficulty has increased with almost 17% due to the spike of interest and people mining for DOGE and other Scrypt crypto currencies moving to direct LC mining with merged mining support for DOGE. This huge spike in difficulty however should most likely be a single event and we are probably going to see things moving at a slower pace in the next few days.

– For more information about the current status of the Dogecoin network hashrate and difficulty…


top