Introducing the UltraCoin Cryptocurrency Composite Index
Um! Maybe I am right on the choice of cryptocurrency: litecoin. According to the graph, litecoin has much potential income over bitcoin. Yes, volatility is higher too and so was the bitcoin. Future looks “brighter” than before. =]
Is it just me? Why do I feel that today’s discussion is more like educational session?
I thought they suppose already know the basics or even more thorough knowledge about cryptocurrency ahead and make questions. Not gain knowledge on the chair and make questions… -_-;;
My input is simple.
It’s inevitable. Whether there will be more regulation or not, cryptocyurrency will continue for now. I have no idea how bankers will see this (probably not as happy as we are) but so far direction seems like going to “good” side for us miners. Yay for the day!
Just one thing… I think Charles Lee should have been more firm with statements and tone of voice. He did well with statements but it would have been better if he was more assertive. =]
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.
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: 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.
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.
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
Well, I am currently running in coinotron.org.
I did hear about rabbit pool before but never tried yet. 3.5% referral sounds quite good. They just announced that the pool fee has been reduced from 3.8% to 2.0%. hum! Will see how it may go.
Update: 1/29/2014
As of today, I am switching back to coinotron.com. Due to the server instability, I can’t stand the fact that I am losing time/money on the server. Bye bye rabbit!
Well, I just finished #2 a few days ago.
Actually, it was running since couple weeks ago. It just wasn’t in presentable condition to post up since I didn’t have enough PCIE cables to complete. Build almost exactly the same as #1 but I made a few changes for better cooling. Still running bit hotter than I anticipated but I think it’s inevitable for XFX models.
I did purchase GPUs for #3 but I have decided not to do. With current price of LTC and difficulty, I don’t think it’s worth it. Will see how it goes in next a few weeks and decide #3 will happen or not.
Cooling experiment will begin in early Feb or mid Feb. Stay tuned. All the necessary items are purchased. I just don’t have time to do it at the moment. =p
Happy mining!
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Sol 