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LTC difficulty is really cranking up

M

mkrohn

2[H]4U
Joined
Apr 30, 2012
Messages
2,345
They seem to be scaling the difficulty about the same rate my hashrate is going up.

I think I'm about to hop over to FTC since that difficulty has actually gone down.
 
mkrohn said:
They seem to be scaling the difficulty about the same rate my hashrate is going up.
Click to expand...

The price in LTC on the exchanges has recently gone up. The economics make it only natural that the amount of mining power on the network should go up accordingly, and the network power is the direct factor that determines the difficulty.

Sadly, that's all part of the gamble. Early adopters are the ones who are truly rewarded, but early adopters must also take risk in the act of early adoption. There's no telling what the future of other, smaller alt coins will be. If you have a lot of mining power, you can move to a smaller alt coin and put away a lot of coins since the difficulty will be low. If the price per coin goes up notably, you'll be sitting on quite the nest egg, but if the price per coin flatlines, you're sitting on wasted opportunity or maybe even less value than what you paid to make the coins. It truly is a bit like the gold rush we read about in the history books...
 
I agree, I have three rigs going @3,100 K/hs total, and currently LTC provides a better ROI on the capital equipment (triple and quad crossfired rigs). Once I make of the capital cost, i'll probably switch over to ftc. Although I think that the difficulty will probably taper off, its still riding the surge of the price increase.
 
god damn, im pulling like 700khash... i should probably just quit lol
 
yeah, it's really sad. I'm seriously considering mining some altcoins for a month or two
 
J Macker said:
yeah, it's really sad. I'm seriously considering mining some altcoins for a month or two
Click to expand...

Why not do middlecoin for a bit?

And FUCK, BTC is going down pretty hard today, over $200 dropped already =(
 
xIronCrossx said:
Why not do middlecoin for a bit?

And FUCK, BTC is going down pretty hard today, over $200 dropped already =(
Click to expand...

middlecoin? isn't it proving to actually return less than just plugging into LTC?

My setup is using cgwatcher + cgremote.

Tomorrow is build day for my custom racking. I'm going 2 systems wide and 4 high with ledges so that I can use 4 box fans to push air over the machines. It is being built basically right next to my breaker box. I'll have 3 circuits run to it. We haven't decided yet if they'll be 15 or 20. I'll get some pictures to post of course too
 
Well in 4.5 days I'm at ~.09 BTC. With LTC I made ~.9LTC, so .03BTC in 1.5 days. So it is pretty even, BUT, while mining at middlecoin I actually lost about 5 hours due to my PC randomly shutting off (Windows update no doubt, fffffffuuuu) so it seems pretty OK.
 
im now pulling 643 average on my 290 :confused: i feel like something is wrong
 
And the Egg has just added about a $50 increase across the board to every useful AMD mining card they sell, overnight.
Not that they actually have anything in stock anyway.
 
Core32 said:
And the Egg has just added about a $50 increase across the board to every useful AMD mining card they sell, overnight.
Not that they actually have anything in stock anyway.
Click to expand...

FuckEgg anyway.
 
Skripka said:
My kH went way down...difficulty is now up to 2.22k, but value is now down to $27.3USD/LTC
Click to expand...
Think long term. Get capital. Mine as much as you can. Keep the hardware as long as you can, then sell hardware, or sell some coins and pay off hardware and keep mining.
 
I've been fairly lucky, the little LTC i cashed out earlier today put me in to the black on the last build. Everything earned from this point out is profit.
 
My 7970 is pushing .22 LTC per day at about 630 KH/s. I have not upped the memory clock on the card yet (through the miner config), just letting it run stock at the moment.

After I get my first coin I will up it to 1830 and see if that does me any good, I would like to push between 700-750 KH/s.

I am hoping, if this works out, I might see if I can find a 7950 to throw in as well or another 7970 and see if I can make it worth my time/money.
 
Skripka said:
Difficulty is going up yet it has lost 30% of its value in 2 days.
Click to expand...

I'm converting half of my LTC that I mine to BTC (direct exchange) and keeping the other half. I figure BTC will rise overall in the next year (will rollercoaster for sure), but I'm also hedging on LTC doing OK too. This way all of my eggs aren't in one basket. Either way 100% of my mining equipment is paid off, and I sold off enough NMC at $13 each to pay for power for the next years mining, so even if BTC/LTC totally deflates to nothing I'm still even on the deal cash wise (and up some hardware!).

Mining with: 1xR9 280, 1x6970, 2x5830, 4x5770.

Pulling roughly 2400 K/Hash, total combined system power usage runs 990-1000watts. (every card is heavily undervolted, really brings down the power and heat production). 2.4 watts/K/Hash isn't bad at all.
 
I'm just gonna do Stablecoin (https://bitcointalk.org/index.php?topic=349198.0) for a while and hoard. The developer seems to be trying pretty hard to get it known across the world, and looks like he has connections in China.

Right now investing in one alt coin could either reap insane profits or just a waste of mining power. So much risk at the chance of so much reward...ahhh :p
 
my r290 gets 820kh at 942/1250mem with these settings: -I 20 -g 1 --thread-concurrency 28456 -v 1 -w 512

anyrate, i switched away from LTC to BBQ. I just started mining this past week, i want to diversify my coins. i want a 1000 of each! you know i had 300 bitcoins , i sold them on average for $6 as i mined them. This time around, im going ultra horde mode. Im not selling unless i can pay off a student loan this time.
 
Yeah I'm only selling to cover expenses, and maybe a tiny bit extra but not much.
 
ShadowSoldier89 said:
I decided to see what my gaming rig would do litecoin mining, and I feel like im getting far to low rates for triple 6970s

anyone have a clue why?

http://imgur.com/Xelv0wj
Click to expand...

I'm gonna guess your Intensity level is low. You should be getting 480 out of a mildly tweaked 6970 at I 18.

You need to fix whatever setting is giving you the HW count. *it should always be 0 basically*
 
Veeb0rg said:
I'm gonna guess your Intensity level is low. You should be getting 480 out of a mildly tweaked 6970 at I 18.

You need to fix whatever setting is giving you the HW count. *it should always be 0 basically*
Click to expand...
any clue what that might be?
 
Core32 said:
Did you do step 3. of this guide:
https://litecointalk.org/index.php/topic,7722.0.html
Click to expand...

Why is this version of CCC so much better than the later ones, 13.4 for example?

xIronCrossx said:
I'm just gonna do Stablecoin (https://bitcointalk.org/index.php?topic=349198.0) for a while and hoard. The developer seems to be trying pretty hard to get it known across the world, and looks like he has connections in China.

Right now investing in one alt coin could either reap insane profits or just a waste of mining power. So much risk at the chance of so much reward...ahhh :p
Click to expand...

I'm kind of new to the AltCoin ordeal and noticed there are dozens of different currencies out there. Why did you pick Stablecoin vs Cinnamoncoin, Feathercoin,
Novacoin, BBQcoin, and others?
 
Clockworks said:
Why is this version of CCC so much better than the later ones, 13.4 for example?



I'm kind of new to the AltCoin ordeal and noticed there are dozens of different currencies out there. Why did you pick Stablecoin vs Cinnamoncoin, Feathercoin,
Novacoin, BBQcoin, and others?
Click to expand...

I'm having good results with 13.9 and bfgminer. I believe cgminer officially ended GPU support recently, but I never got cgminer to run right on my sig rig anyway.

There are lots of other digital fiat currencies...problem being most don't have that much interest, and to gain value you need more interest.
 
Clockworks said:
I'm kind of new to the AltCoin ordeal and noticed there are dozens of different currencies out there. Why did you pick Stablecoin vs Cinnamoncoin, Feathercoin,
Novacoin, BBQcoin, and others?
Click to expand...

I don't know to be honest, it just looked interesting to me. It seems to have some interesting system to keep anonymity which is important to a lot of people, especially China, so it could really take off because of that. Plus, the developer and the community seem to be actively trying to improve/promote it. Honestly though, I think it's all a bit of a gamble and you can come out lucky or empty handed.
 
Question for the mining folk's here:

Without any red team cards, is it even worth trying to get into mining of any kind? I've got 4 machines in the house, all Intel/nV setups, mainly older C2Q/C2D machines with 285/260 cards barring my sig rig.

I've been thinking about getting into mining since I don't really have the capital necessary to make any gains on trading worth while right now. Just not sure my hardware is really worth it at this time, or which coins would be best suited to my setup until I could buy some higher end AMD cards to get into some of the more mainstream coin mining. For me electricity isn't a concern as I've got solar and live in AZ, so power is plentiful for the majority of the year.
 
Jeremy C said:
Question for the mining folk's here:

Without any red team cards, is it even worth trying to get into mining of any kind? I've got 4 machines in the house, all Intel/nV setups, mainly older C2Q/C2D machines with 285/260 cards barring my sig rig.
Click to expand...

Well, if your electricity is completely free, the decision to mine with Geforce cards is a balance between what little return you could get versus the wear & tear on your hardware.

I've had about 33% of my cards fail within 6 months, most of them fan failures. Mining is very hard on the hardware and it will result in reduced lifespan.
 
Yeah, having the card fans on 24/7 takes a toll on them. I clean the cards every +/- 3 months, pop off the fan and grease them (reference models). Seems to help a lot.
 
Yakk said:
Yeah, having the card fans on 24/7 takes a toll on them. I clean the cards every +/- 3 months, pop off the fan and grease them (reference models). Seems to help a lot.
Click to expand...

I couldn't stand LTCing with air coolers on GPUs....waterblocks for the win.
 
It makes me wish that I had started doing this 6 months ago. I started looking at mining early this year, but the difficulty of bitcoins made me give up after a few hours and I didn't start looking into other coins until this last week.

Anyway, even at these difficulties it is still profitable (assuming LTC prices stay about where they are now) for me to mine. Even though I'm only getting around 700 khash/s with my two 7850s it should stay profitable for a while.
 
J Macker said:
I've had about 33% of my cards fail within 6 months, most of them fan failures. Mining is very hard on the hardware and it will result in reduced lifespan.
Click to expand...

I've had 0 of my cards fail. Never had to replace a fan either. It all depends on how hard you push them.

I have my 5770's running at stock clocks on 1.000V. Default voltage is 1.200V. They don't even hit 70C at 60% fan.
I have my 5830's running just slightly below stock clocks but at 1.050V compated to 1.163V stock. These stay at 68C at 60% fan.
I have my 6950 running at 700/900 at 1.031V Versus the stock 1.100V. Gets a little warmer at ~72C @ 68% fan.

Reducing the voltage is much easier on the card and especially easier on the VRM, signifigantly lowers power consumption (so also easier on your PSU), and reduces heat production (which reduces wear on the fans). Purely anecdotal, but I tend to see lots more fans fail from people running fans at 80%+ constantly instead of a more reasonable setting.

Personally for longevity sake I think you are better off staying close to stock and undervolting as much as is stable and then running with that.
 
buttons said:
my r290 gets 820kh at 942/1250mem with these settings: -I 20 -g 1 --thread-concurrency 28456 -v 1 -w 512

anyrate, i switched away from LTC to BBQ. I just started mining this past week, i want to diversify my coins. i want a 1000 of each! you know i had 300 bitcoins , i sold them on average for $6 as i mined them. This time around, im going ultra horde mode. Im not selling unless i can pay off a student loan this time.
Click to expand...

now getting 788 average, and i threw a rig with a single 7870 in it and now pulling a total of ~1145, im thinking about trying to buy another 7870 off my cousin to try to pull 1600khash.
Oh jesus, my mining addiction is starting.

hmm Mining really fucks with my World of warcraft bot program lol. Using both @ the same time = moneyyyy
 
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