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Litecoin Difficulty Prediction

Starting To Mine Litecoins With Antminer L3+ From September 2017. Questions!

Starting To Mine Litecoins With Antminer L3+ From September 2017. Questions!

Starting to mine Litecoins with Antminer L3+ from September 2017. Questions! Starting to mine Litecoins with Antminer L3+ from September/October 2017. Questions about profitability predictions from the day one, possible ROI and lifespan of L3+ mining. I'm new here and new on cryptocurrency overall, so I apologize if I cannot be clear enough with my first post or if my perception of what I'm writing is totally wrong. I want to make my first investment on bitcoins/altcoins mining, but before I do that, I would like to get some suggestions and clarifications from you guys whether it's worth it or not, or whether my calculations are a simple newbie mistakes. It took me like two weeks of reading almost every day in order to understand the business of mining in general. First thing I've noticed was that I'm too late for this shit. I know! But better late than never. Anyways! In a meantime I got some knowledge about network difficulty, hashrates, electricity cost, etc, in order to calculate the profit and have in mind on what to look for and where. During this time of research, Antminer S9 was the first hardware that caught my eye, but then I got somehow disappointed from mining bitcoins after I saw the estimate profit and the ROI timespan. Then I've found the Antminer L3+ as the most profitable miner compared to the other mining hardware. To be honest, I was surprised when I saw the possible earnings of almost 1 LTC per day ($35+ at current rate) with one Antminer L3+, making ROI for 45 days estimated. Too promising! After all researches and calculations I did during this period, I made up my mind to invest in Antminer L3+, but then there was one thing at the end that made me think twice and also write this post. Shipping on 16-20 September (consider here shipping delay, plu Continue reading >>

Litecoin Difficulty Forecast And Mining Reward Calculation : Litecoin

Litecoin Difficulty Forecast And Mining Reward Calculation : Litecoin

Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service. After the first ad, providers are welcome to use reddit's advertising platform to continue to promote the service. No "I just [bought|sold] Litecoin" posts. When submitting a link to something with which you are affiliated, you must point it out in the title or body of your submission. All submissions related to your affiliation will be blacklisted if found to be spamming. Continue reading >>

Litecoin Difficulty And Hashrate Chart - Bitcoinwisdom

Litecoin Difficulty And Hashrate Chart - Bitcoinwisdom

Average block generation time of 1008 blocks. If grey line less than blue line, The generation time is decreasing. The more grey line is lower than blue line, the faster generation time is decreasing. After 2016 blocks generated, Litecoin will adjust difficulty to estimated difficulty in order to keep the block generation time at 150 seconds. Continue reading >>

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make a Comeback in 2017 - Crypto Hustle 4 Reasons Why Litecoin Could Make a Comeback in 2017 Litecoin used to be a top player in the crypto space, branded as the silver to bitcoins gold. During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin. In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak. The price of LTC hit an all time high of around $50 on some exchanges. The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply. Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since. Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend. That said, its USD value has remained somewhat stable and consolidating within a tight range. Although litecoin hasnt been a very good market to trade for most of 2016, its possible that this rock is a sleeping giant ready to rise from its slumber. Here are four reasons why litecoin may hit a bullish trend reversal in 2017. Recently the Peoples Bank of China cracked down on major crypto exchanges. The result being that they stopped all margin trading and have eliminated the zero fees model. This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit. The only way to make profit on the spot markets is to buy low and sell high. Traders can no longer short by selling coins they dont have. If they want to be a participant in the crypto markets they need to own some coins. The larger bitcoin bull trend is still intact but likely due for several Continue reading >>

Litecoin Difficulty - Crypto Mining Blog

Litecoin Difficulty - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies Litecoin (LTC) Hashrate Analysis Post Halving Charlie Lee, the creator of of the popular alternative crypto currency Litecoin, has posted on Reddit a short and interesting analysis on why a few weeks after the first block reward halving the difficulty and price of LTC has returned to the level it was prior to the event. Below you can find his post quoted: After the halving one would expect that either the price will go up or the hashrate must drop. This is because mining is designed with a Nash equilibrium of miner profit reaching 0 over time. So if miners are running at near 0 profit, and suddenly their revenue gets cut in half, miners would need to turn off their machines unless they are willing to mine at a loss. The halving happened, and the price stayed the same. The hashrate dropped a little but then climbed back up pretty quickly to the previous level. Thats really unexpected, but I think I have an explanation. I talked to some Chineses miners at Scaling Bitcoin and learned something interesting. Most miners have found electricity for free or close to 0 cost. Chinese hydro power plants are sometimes generating too much electricity. That electricity goes to waste if its unused. So these plants have either sold the electricity for near 0-cost or they have partnered with miners to give them free electricity for a revenue share. So this makes total sense now. If the electricity is free or close to 0 cost, then theres no reason for miners to shut down their machines. They make half as much, but still profitable. These miners have also been asking around at the conference to try to buy old outdated Bitcoin/Litecoin ASICs. With 0-cost electricity, they can keep those machines running and stil Continue reading >>

Future Prediction Of Ltc Diff?

Future Prediction Of Ltc Diff?

Hey guys so what are your thoughts on LTC difficulty in the upcoming months, I mean how much do you think it will rise in diff per month as it is on <150.000 now how about in 2 months? 300000+ by the end of July/August. Always hard to predict because some older ASICs might be retired, unless price continues upwards. My (slightly pessimistic) expectation is that itll be between 250,000 and 300,000 by the end of July, beginning of August. Im pretty sure the April batch of L3+'s has already been factored in, possibly the May batch, but I doubt the June batch has, and then theres July. Look at the graph, assuming 30,000 difficulty per batch, theres another 90,000 difficulty rise coming over the 3 months, so taking the next diff of 150k, that gives a 240k level. As I said, slightly pessimistic, it could be as low as 220k, but my gut feeling is that itll be higher rather than lower Boa Tarde - creio que ao decorrer e com a valorizao da moeda LTC - CREIO EU, que aumentara consideravelmente a dificuldade - como nas outras moedas digitais - tenho um amigo que me apresentou algumas moedas no ano de 20012 e custavam tao pouco que poderamos comprar varias - ai verifiquei hoje estao custando mais que 100 x mais. Continue reading >>

Litecoin Difficulty And Hashrate Chart - Ltcwisdom.net

Litecoin Difficulty And Hashrate Chart - Ltcwisdom.net

This graph needs a bit more explanation. The block times are indicative of how the hashingrate is changing over time, with the proviso that the time it takes to obtain any given block varies from block to block even if the hash-rate stays the same. To counter this variation we average the last 504, and the last 1008 block times, and seewhat the difference is between them - this is what is being plotted. The grey line is the time it took to find a block, averagedover the last 504 blocks. The blue line is the time it took to find a block, averagedover the last 1008 blocks. When the grey line is lower than the blue line, the block-generation-time is decreasingwhich means the hashing power is increasing over time. The further the grey line is below the blue line, the faster the block-generation time is decreasing. After 2016 blocks, Litecoin will adjust the difficulty (the red line) to the value of theestimated difficulty (the purple line). Worth noting that there's a small scaling issueI have yet to resolve on this where the two aren't *quite* meeting. I'll fix it soon. The above graph shows the distribution in hash-rate for the time-period for which wehave sampled data. Continue reading >>

Litecoin Price Analysis - Retest Of All Time Highs On The Horizon

Litecoin Price Analysis - Retest Of All Time Highs On The Horizon

Litecoin Price Analysis - Retest of all time highs on the horizon Josh Olszewicz , 22 Nov 2017 - Litecoin , Opinion , Price Analysis Litecoin ( LTC ) has remained stable throughout the recent Bitcoin bull run. The cryptocurrency is now seventh by market cap , at US$3.77 billion, with US$230 million in trading volume over the past 24 hours. LTC has risen 111% since the lows in mid September and is up 1488% this year. LTC is a Bitcoin clone created in 2011, with four times the total coin supply, and block times of 2.5 minutes allowing for quicker transaction confirmations. Compared to coins above LTC in market cap, LTC consistently has more transactions per day, which suggests it is undervalued based on utility alone. Hashrate and difficulty have continued to increase throughout the year, suggesting sustained interest from miners even though other coins are more profitable. The Litecoin block reward is due to decrease from 25 to 12.5 coins around August 2019. The Litecoin Rich List , suggests that most addresses hold less than 100 LTC, with very few addresses holding a majority of the coins. This suggests some degree of centralization of holdings, but also suggests a majority of users are minimally holding LTC. As these addresses shift towards more users buying and holding more coins, prices should theoretically increase. Its also possible that many users see LTC more of a coin to spend and less of a coin with store of value potential. This is admittedly not the best metric because a user can store 100 coins in 100 wallets or 1 addresses with no easy way of differentiating between the two. The largest addresses also tend to represent exchange cold storage. LTC trading volume has been led by the US Dollar (USD) and Bitcoin (BTC) pairs on GDAX and Poloniex respectively. GD Continue reading >>

Expected Bitcoin Difficulty In 2018

Expected Bitcoin Difficulty In 2018

There are lots of videos and articles on what Bitcoin difficulty is, and lots of charts on how it's changed over the past couple of years. But this isn't really helpful if you're thinking about investing in cloud mining, or maybe even buying your own mining rig. This guide has our thoughts on what will effect Bitcoin difficulty over 2018. We posted a guide on Genesis Mining profitability for September 2017, and in this we assumed that each time Bitcoin mining difficulty doubles - the value of it also doubles. This guide explains why. So let's start by looking at how Bitcoin difficulty has changed every 4 months for the past 3 years: *Values taken from: Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e.g. it doubles at the same rate every 4 months. But the figures for the past 3 years don't do that. In 2015 it took around 11 months for the difficulty to double, in early 2016 around 6 months, in late 2016 around 8 months - and then in 2017 between 5-6 months. What we're suggesting is that the rate the Bitcoin difficulty is increasing is not fixed. Right now, in September 2017, Bitcoin is very popular, with thousands of new investors and miners every day. So a sudden increase in difficulty would seem to make sense - as there are lots more transactions being sent, and lots more people mining it. The drop in difficulty in August 2017 is a good identifier for this, where because lots of miners moved over to Bitcoin Cash (as it was more profitable at the time), transactions were taking longer to process - and so the difficulty was decreased. If you were a miner running a large setup, and Bitcoin mining were to no longer be profitable, then you'd likely start mining something else that was. This would decrease the difficulty for eve Continue reading >>

Litecoin Difficulty Chart

Litecoin Difficulty Chart

Bitcoin > Litecoin Data > Litecoin Difficulty Chart A chart showing litecoin difficulty changes over time. How many people do you think own bitcoin? I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

What's About To Happen To The Dash Network - The Miners' Union

What's About To Happen To The Dash Network - The Miners' Union

by Rob 5 comments Insights , News Antminer , antminer d3 , antpool , Bitmain , D3 , dash , dash hash , dash hash rate , dash mining The Dash Network is about to experience a serious increase in hash rate which should have a very interesting effect on the Dash mining community. A large jump in hash rate will occur within the next few days increasing the hash rate due to the introduction of a Bitmain mining ASIC, the Antminer D3, to the network. We estimate a 150% jump in hash rate an addition of ~60 TH/s in a 2 week span resulting in a new network hash rate of roughly 100 TH/s. Whats so special about these new miners? In the early days of Bitcoin, people mined with spare CPU resources. Similar to [email protected] , early adopters would donate their spare laptop power to cryptocurrency networks. Once the capitalistic nature of cryptocurrency mining became more apparent and pronounced, those profit-seeking creative types realized you could mine significantly more efficiently using GPUs. In many cryptocurrency networks, such as Ethereum or Monero, GPU mining still is the predominate form of mining. Then the engineers got involved. New miners were designed on FPGAs field programmable gate arrays which are essentially testbeds for trying out specialized hardware design. FPGA performance dominated GPU performance, and led to the creation of the single-purpose, truly specialized chip known as an ASIC Application Specific Integrated Circuits. Ive always liked to think of an ASIC as a computer algorithm etched directly into silicon. It can only do one thing, but it does it as fast as the electrons can move through the circuit. This arms race eventually led to the super-small, super-efficient miners we use today, which are orders of magnitude faster and cheaper to run than their GPU for Continue reading >>

Litecoin Difficulty Historical Chart

Litecoin Difficulty Historical Chart

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Litecoin Mining Calculator

Litecoin Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

How Is Difficulty Calculated?

How Is Difficulty Calculated?

Can anyone explain me in the plain English how difficulty is calculated. I have a very approximate understanding that it is calculated based on the amount of hash power in all the bitcoin community over a specific period of time. But this is very vague. Also I understand it can change very rapidly. Can it only increase? Is there any formula how to calculate it or predict it? Thanks for a detailed answer, Meni Rosenfeld. Just to make sure I got everything right. I am summing up all the time, it took to generate the last 2016 blocks. And then apply the formula. I think follow up questions are better as comments to the answer. Basically yes, but no summing is actually needed - you can just take the timestamps of the last block and of the one 2016 blocks before, and subtract. Meni Rosenfeld Dec 19 '12 at 14:18 The Bitcoin difficulty started at 1 (and can never go below that). Then for every 2016 blocks that are found, the timestamps of the blocks are compared to find out how much time it took to find 2016 blocks, call it T. We want 2016 blocks to take 2 weeks, so if T is different, we multiply the difficulty by (2 weeks / T) - this way, if the hashrate continues the way it was, it will now take 2 weeks to find 2016 blocks. For example, if it took only 10 days it means difficulty is too low and thus will be increased by 40%. The difficulty can increase or decrease depending on whether it took less or more than 2 weeks to find 2016 blocks. Generally, the difficulty will decrease after the network hashrate drops. If the correction factor is greater than 4 (or less than 1/4), then 4 or 1/4 are used instead, to prevent the change to be too abrupt. There is a bug in the implementation, due to which the calculation is based on the time to find the last 2015 blocks rather than 201 Continue reading >>

Does Litecoin Have A Bigger Price Prediction Than Bitcoin

Does Litecoin Have A Bigger Price Prediction Than Bitcoin

Does Litecoin Have a Bigger Price Prediction than Bitcoin Does Litecoin Have a Bigger Price Prediction than Bitcoin In October 2017, the lesser known second Apple Inc computer industries co-founder Steve Wozniak shocked the traditional financial markets by stating that he believes Bitcoin and other cryptocurrencies will eventually be superior in value to precious metals such as gold and even the US dollar. What is more, when people like Steve Wozniak stand up and say something positive about cryptocurrencies, people listen. There is only one problem. When leading tech experts speak out about cryptocurrencies, they usually always talk about Bitcoin. Did you know, however, that Bitcoin has a potentially more market robust equivalent? Litecoin & Why the First Ever Bitcoin Fork is Worth a Second Look Cryptocurrency investors rarely stumble across Litecoin price prediction forecasts as often as they do Bitcoin and other altcoin forecasts. What many people forget, however, is that Litecoin itself is actually an opensource fork of Bitcoin which first went live in 2011, prior to the cryptocurrencies big sister becoming as well known as it is today. Different from the more recent Bitcoin forks, Litecoin was created specifically to offer 4 x as many individual cryptocurrency tokens as Bitcoin. What is more, Litecoin is designed to be mined more easily and transacted with greater rapidity. In fact, even today, Litecoin transactions take just 2.5 minutes to be confirmed on the Litecoin blockchain, as opposed to the 10 minutes which it takes Bitcoin transactions to be confirmed. The Current Litecoin Price & Possible Future Growth Forecasts At the time of writing, Litecoin is priced at $60, down from a previous September high of $93. As recently experienced by Dash Coin, however, fr Continue reading >>

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