Altcoin strikes!!!

As LTC still continues to drop its difficulty, other altcoins are increasing their values/difficulty. Decease of LTC difficult and hashrate seem to be caused by altcoin value.

Litecoin Difficulty: 3,130
Estimated Next Difficulty: 2,508 (-19.87%)
Adjust time: After 642 Blocks, About 1.4 days
Hashrate(?): 70,138 MH/s

Dogecoin already out? No, it’s still holding near it’s highest value at the moment. Some people claim that dogecoin was 3 times more profitable compare to LTC during last week.

I don’t know why but I don’t feel like jumping between coins.

Stability? or resting?

Litecoin Difficulty: 3,130
Estimated Next Difficulty: 2,651 (-15.29%)
Adjust time: After 1095 Blocks, About 2.2 days
Hashrate(?): 75,067 MH/s

Quite of ride through out this week for LTC and other cryptocurrencies. As we are expecting more difficulty drop, it seems to me that people are returning back to LTC. I spotted trade volume and price decreasing on dogecoin and other coins.

Litecoin difficulty on rollercoaster~~~~

Litecoin Difficulty: 3,130
Estimated Next Difficulty: 2,618 (-16.36%)
Adjust time: After 1918 Blocks, About 4.0 days
Hashrate(?): 74,441 MH/s

So. This is it! More dropping coming in!
I actually spotted close to 70,000 MH last night. Seems like we are going more drop. Due to price? Well. Let’s see what is the real cause.

Hashing movement syndrome

Litecoin Difficulty: 3,998
Estimated Next Difficulty: 3,215 (-19.59%)
Adjust time: After 344 Blocks, About 19.4 hours
Hashrate(?): 73,372 MH/s

As hashrate of LTC continues to drop, difficult is expecting further drop. I am seeing movements of other cryptocurrencies increasing. As I mentioned before, dogecoin, lottocoin and even worldcoin is gaining hashrate by minutes. Just dogecoin itself, it has increased 3x in last a few days. Lottocoin also tripled.

LTC difficulty historical drop!

Litecoin Difficulty: 3,998
Estimated Next Difficulty: 3,322 (-16.90%)
Adjust time: After 471 Blocks, About 1.0 days
Hashrate(?): 79,117 MH/s

Haven’t seen that huge drop before.
Seems like yesterday’s incidence and other currency value increase has been driving this dramatic drop. Last night, I saw Hashrate at over 80GH. It dropped below 80GH! Seems like people are moving to Lotto coin and dogecoin. Lotto coin actually had 200%+ value increase yesterday.

By the way, some of give-me-coins members got their coin back. This is directly from my friend who got his coin showed up on his account. He hasn’t tried to transfer yet.

Payback of coins (22/01/2014)
We WILL be recrediting each and every account that was affected. Payouts will be disabled untill we have had a chance to investigate further and fix the issue at hand. This may take some time so please keep checking the forum for more info. Please also note it will take sme time for balances to update back to they were as we are doing this manually.

Um.. I was wrong. They are getting things back together. Good. Let’s see how this pool’s reputation goes. Still… admin has typos. =p

Give-me-coins got robbed!!!

Withdrawals (22/01/2014)
We have just been notifyed that LTC addresses are now blank on accounts and all coins have been withdrawn out of some pool accounts. We are currently investigating this issue and are trackign what has happened. Once this is done we will rectify the situation. We please ask that you send us any info that you may have to aid is in the investigation. Payments have been suspended until we can clarafy.

I just noticed LTC difficulty will drop about 13%, which hasn’t happened since last year Sep. No significant change of price or anything much at all but… just found out that give-me-coins got robbed! Wow… this is going to be problem with all LTC pools now. To be honest, give-me-coins pool is gone in my opinion. They will be lucky if they don’t get sued for all the lost LTCs. Hope they come up with solutions. Whoever did it, genius. -_-d
Not that they did good thing but it’s something admirable for doing something very complicated.

I guess the pool owner must had his/her hands shaking when the notice was typed. There are bunch of typos on the notification.

Litecoin Difficulty: 3,998
Estimated Next Difficulty: 3,456 (-13.57%)
Adjust time: After 636 Blocks, About 1.3 days

Earlier today when I was trading BTC to LTC, a few hours later LTC/BTC ratio actually dropped much lower. 0.02800!!! Price of LTC didn’t move much yet BTC increased a bit. I didn’t care much about it but this incident might cause future value of the LTC.

On top of the dogecoin and such other cryptocurrencies have increased their value. More than 100x!!!

Of course, it’s definitely bubble. I wouldn’t be surprised if some rich BTC holder used part of BTC asset to play around this. Probably this is another reason why LTC difficulty will drop. Yet… real possible reason is still the issue with give-me-coins pool. There suppose to be transaction records but this incident has no transaction record left. Hum… this is going to drive the price of LTC further down. Security issue rises again.

Interesting part is that… give-me-coins also has BTC pool. How come that wasn’t touched? Only LTC? hum….

Prediction?

From my personal point of view, LTC difficulty will drop a bit at lease for now. LTC difficulty has been increasing dramatically during last week hitting near 4000. However, the price of coin hasn’t been changed much recently. I think ideal range of difficulty would be somewhere near low 3000s. Will it get there? um… well. my fingers are crossed.

LTC Difficulty update

12/29/2013 @ 12:14

You ready?!

Litecoin Difficulty: 2,849
Estimated Next Difficulty: 3,146 (+10.42%)
Adjust time: After 185 Blocks, About 7.0 hours

Sheesh… 10+% increase in next 7 hours. Mine now!!! -_-;;

LTC difficulty update

12/27/2013 @ 22:19

Litecoin Difficulty: 2,849
Estimated Next Difficulty: 3,161 (+10.96%)
Adjust time: After 1182 Blocks, About 1.8 days

It seems to me that recovery of LTC price is making people to come back for LTC mining.
Will see in 2 days.

LTC difficulty might rise

Updated 12/26/2013 @ 10:34

Litecoin Difficulty: 2,919
Estimated Next Difficulty: 2,894 (-0.87%)
Adjust time: After 117 Blocks, About 4.8 hours

As price of LTC recover, seems like miners are returning back to LTC from other coins.