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bitcoins

Bowling4Bikes said:
well, two weeks ago ltc had dropped about $100. two weeks later it gained ~$120. If this is considered market stabilization, I don't know if I have the stomach for it.
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Yes, it's not the stabilization you see in other markets. This market is definitely different and not easy to stomach. The short history of cryptocurrencies shows what some "might" call trends.

A good read on the big ups and downs for Bitcoin
https://cointelegraph.com/news/a-dazzling-history-of-bitcoins-ups-and-downs
 
Has anyone claimed their litecoin cash tokens yet? On Yobit they are worth $6 and I would like to claim mine and possibly cash them in. If you have claimed them and your ltc is on a nano s, a write up would be awesome for those of us wanting to claim them. I know some of you may think lcc is a scam but Im looking for someone who successfully claimed them to chime in.
ETC is going to split next month as well.
 
Litecoin cash is a fork of litecoin that happened on Sunday. It is a fork and in no way associated with Charlie Lee or the litecoin foundation. You get it at a 10 to 1 ratio so 1 ltc and you get 10 lcc. No different from any other fork really. You probably cant access the tokens because you dont hold the private keys the exchange does. The ones you hold in a private wallet you can claim using the private key to those. I may wait a few weeks to see if others have success with claiming theirs before I attempt. That being said there are a few exchanges trading them already. If you hold a significant amount of ltc, the fork can yield quite a bit cash if you sell. 10 lcc amounts to $60 per ltc.
 
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panthera said:
Litecoin cash is a fork of litecoin that happened on Sunday. It is a fork and in no way associated with Charlie Lee or the litecoin foundation. You get it at a 10 to 1 ratio so 1 ltc and you get 10 lcc. No different from any other fork really. You probably cant access the tokens because you dont hold the private keys the exchange does. The ones you hold in a private wallet you can claim using the private key to those. I may wait a few weeks to see if others have success with claiming theirs before I attempt. That being said there are a few exchanges trading them already. If you hold a significant amount of ltc, the fork can yield quite a bit cash if you sell. 10 lcc amounts to $60 per ltc.
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So if my ltc were sitting in coinbase, they get my lcc?

Dammit!:thumbdown

Edit: looking around it seems they'll keep everyone's lcc. Pretty nice score for them. Sucks for ppl not paying attention like me.
 
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CABilly said:
So if my ltc were sitting in coinbase, they get my lcc?

Dammit!:thumbdown
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Yeah. The thing is, if you hold your coins on the exchanges then they have the private key. If they chose not to host the coin, you are shit out of luck. They claim to do it to protect their customers from scam forks but as far as Im concerned you are due your forks and should be granted them to do with as you please. If you held btc on coinbase then you were not given your bitcoin diamond or bitcoin gold forks. Regardless of how coinbase feels about these forks the fact remains that there is a market for them and we should receive them. Bitcoin gold is worth $120 and Diamond is worth $16. That could be considerable if you have more than a few btc.
 
https://arstechnica.com/information...ipse-flaw-that-could-be-exploited-by-any-kid/

Developers of Ethereum, the world's No. 2 digital currency by market capitalization, have closed a serious security hole that allowed virtually anyone with an Internet connection to manipulate individual users' access to the publicly accessible ledger.

So-called eclipse attacks work by preventing a cryptocurrency user from connecting to honest peers. Attacker-controlled peers then feed the target a manipulated version of the blockchain the entire currency community relies on to reconcile transactions and enforce contractual obligations. Eclipse attacks can be used to trick targets into paying for a good or service more than once and to co-opt the target's computing power to manipulate algorithms that establish crucial user consensus. Because Ethereum supports "smart contracts" that automatically execute transactions when certain conditions in the blockchain are present, Ethereum eclipse attacks can also be used to interfere with those self-enforcing agreements.
 
Just got an email from Halong Mining saying my April order of 5 new Dragonmint miners is on schedule to be delivered next month. These will come standard with asic boost technology. Slush pool is now compatible with asic boost.:party
 
Can you only mine BTC with them? I'm interested to see em, post a pic when you get them running.
 
E.HONDA said:
Can you only mine BTC with them? I'm interested to see em, post a pic when you get them running.
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I think the most surprising part about the ASIC miners is how loud they are. Well that, and the incoming visit from the DEA when they think you are running a grow house.
 
I read today that the cost of mining was extremely high now, in the thousands of dollars. Is that true?
 
afm199 said:
I read today that the cost of mining was extremely high now, in the thousands of dollars. Is that true?
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It depends on what they mine with. I could tell though that the profit is cut in half within last 3 months due to lower coin value and higher difficulties.
 
There are miners that are getting cease and desist orders, and a cloud miner was told to stop operating in South Carolina.

The governments will find ways to flex their muscles to get what they want.

You can see the drop in price across the board is reflective.

I just bought more LTC to lower my average cost, but I am moving the coins into a wallet and will stop looking for a month or so.
 
If you bought in November, you are still in the green. December was a crazy fomo driven run up.
The dragonmints that are coming next month and are supposed to mine 1.09 btc a year. They will cost about $130 a month in power. At today's price of btc it will be profitable. If you hold long term you will make more when you use or sell. Also I plan to use the heat to heat my house in the winter to offset the cost. I'm almost complete with the set up.
 
^ so if I understand then, the amount of power used is proportional to the amount of btc mined...independent of btc cost at any time?
 
Bowling4Bikes said:
thanks

by 'harder', meaning it takes more power to generate the same btc? is that due to the overall supply being created?
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yea, some magical algorithm decides when its gonna get harder

then watch one day that magical algorithm just says bye bye all bitcoin belong to meow

and you will just sit there refreshing your digital wallet going :wow
 
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