Litecoins are exploding!

[MikeRoth]

I did some calcs and figured that the OC 7770 that I just bought tonight will pay for itself within about a month. That's if LTC stays at its current value. May even be worth mining some BTC at its current value.

I don't think your calculation is going to be very accurate. The LTC mining difficulty is skyrocketing already. When I started on Monday the difficulty was 100 and I could do 3 LTC/day, It's currently 150 and I'm down to only 1.6 LTC/day now. The next difficulty is estimated to be ~250.

I don't know when the difficulty changes but it's jumping by 50% each time,

[rowan]

"Latest News

"Litecoin pools continue to suffer some DDoS, Ozcoin included, we are doing what we can"

[Dirty F]

yup. I think many pools were under heavy attack yesterday, dunno if it's related though.

So far i only made money off the crash...but it's risky

[AllAboutCams]

So far i only made money off the crash...but it's risky

Tell me about it i just lost half my coins

[MikeRoth]

be careful with keeping all your coins in one spot too. Would suck if btc-e deletes their page and runs off with all your coins. Happened to me with an online wallet service similar to instawallet,

[Dirty F]

Yeah well this litecoin thing is just like a little extra. It shit hits the fan it won't be a big deal for me.

[MikeRoth]

Since I'm mining and get free electricity it's pure profit for me. Doesn't mean it wont suck to lose it, I plan to spend it on buying traffic.

[Dirty F]

Since I'm mining and get free electricity it's pure profit for me. Doesn't mean it wont suck to lose it, I plan to spend it on buying traffic.

True. But i highly doubt BTC-E will dissapear just like that.

[Webmaster Advertising]

Since I'm mining and get free electricity it's pure profit for me.

In mom and dads basement still like most on GFY?

[MikeRoth]

In mom and dads basement still like most on GFY?

lol, no, Apartments in Washington DC have electricity included in rent since we pay $1,400 for a 300 square foot studio. That's why I'm on GFY, cause I'm broke from paying rent.

[Webmaster Advertising]

lol, no, Apartments in Washington DC have electricity included in rent since we pay $1,400 for a 300 square foot studio. That's why I'm on GFY, cause I'm broke from paying rent.

Oh wow, I didn't know that, that's pretty sweet.

We're paying around $1200 month for rent (3 bedroom) and utilities run to around an additional $800.

Would love for our electric to be included, that's usually $400-500 a month right there lol

[MikeRoth]

All my utilities are included, It's nice not having to worry about using too much water, or too much electricity, or trying to save money by not running the A/C.

[AllAboutCams]

fuck i just lost 40 LTC

[BlackCrayon]

Oh wow, I didn't know that, that's pretty sweet.

We're paying around $1200 month for rent (3 bedroom) and utilities run to around an additional $800.

Would love for our electric to be included, that's usually $400-500 a month right there lol

wow, thats crazy expensive for electricity. do you heat with electricity? In my 4 bedroom townhome it only costs 150-170 every two months for electricity.

[Webmaster Advertising]

wow, thats crazy expensive for electricity. do you heat with electricity? In my 4 bedroom townhome it only costs 150-170 every two months for electricity.

Yeah everything is electric here, we looked at gas but its just to cost prohibitive where we live.

We in the market for a house right now and gas is one of the things we're looking for with whatever property we end up buying but there are very few options in nice neighborhoods that have gas available.

That electric basically keeps the house at a comfortable 68-72 temp wise, means we have hot water whenever we want it, also runs 3 laptops and 2 desktops 24/7 plus randomly 2 Xboxes, 2 hd tvs... Etc... I actually don't think we've ever had an electric bill under $300.

[Markul]

fuck i just lost 40 LTC

How/why?

[MikeRoth]

Find the LTC trading channel, sell near high, rebuy near low, profit. Yesterday was $4.20 to $4.

[AllAboutCams]

How/why?

because im a fucking idiot i sold low then it went up so i thought id buy then it went down again
i did the same thing last week and doubled my coins

[CrocMint]

http://btc-e.com

Is it a good idea to buy anything from a site on domain registered with fake address and phone in Moscow?

[MikeRoth]

looks like ozcoin getting DDOSed today, ugh

[AllAboutCams]

im offering a 10LTC reward to increase my 7970 to 6-700H

A lot of people have been telling me different setting but none have come close still at 530 per card.

[dyna mo]

Is it a good idea to buy anything from a site on domain registered with fake address and phone in Moscow?

is any of this a good idea? no one knows atm!

[Serge Litehead]

Is it a good idea to buy anything from a site on domain registered with fake address and phone in Moscow?

at the very least don't store your stash there as you'd in a bank.

[rowan]

I don't think your calculation is going to be very accurate. The LTC mining difficulty is skyrocketing already. When I started on Monday the difficulty was 100 and I could do 3 LTC/day, It's currently 150 and I'm down to only 1.6 LTC/day now. The next difficulty is estimated to be ~250.

I don't know when the difficulty changes but it's jumping by 50% each time,

Yeah, every man and his dog seems to be changing over to LTC. I looked at it myself because I read an article that said mtgox was "considering" adding LTC to their platform... but I can't seem to find much to corroborate that.

The last time I bought a GPU specifically for mining I pretty much broke even, at the time: covered the costs of electricity plus the loss reselling the card second hand. But I hadn't yet converted the BTC, so I lost interest, then rediscovered them when the price started going up. Even though I sold out too early, I did realise a tidy profit. I'm hoping similar happens with LTC.

[hdkiller]

I built my litecoin farm with 48 gpu.

Here are some pictures:

http://imgur.com/a/Y0BSm

[Lukke]

hdkiller: Wow, very impressive! I have litecoin rig just from 12 cards... I should buy more as I see. :D

[seeandsee]

and you make how much?

[PornDiscounts-V]

Price is going down as more are now flooding the market. Expect a bumpy ride.

[k0nr4d]

I'm done iwth these virtual currencies personally. I invested some $1000, made around an $80 profit but in all the time it took to get the money into mtgox, then "validate my iban" (1 week), and wire my money back to me (4 weeks) it's just not worth the time...

[Feng-PD]

I'm done iwth these virtual currencies personally. I invested some $1000, made around an $80 profit but in all the time it took to get the money into mtgox, then "validate my iban" (1 week), and wire my money back to me (4 weeks) it's just not worth the time...

Stick to MB konrad :P

[hdkiller]

and you make how much?

42-50 LTC each day, so it's around $120-$150 per day

[Hornydog4cooter]

Selling 1000 PXC for 17 LTC if anyone is interested....