BTC on the move: +$7 USD

[OldChap]

If you have coins still it may pay you to look at the market http://bitcoincharts.com/markets/

Currently in the order of $17

[Zloyd]

Any idea whats making the price go up ? Am sitting on a few coins , this price is gonna come handy as im in a bit of a financial crunch personally :P

[OldChap]

No Idea at all. I don't really follow mining any more. I just happened to see this by chance

[BeepBeep2]

Any idea whats making the price go up ? Am sitting on a few coins , this price is gonna come handy as im in a bit of a financial crunch personally :P

Difficulty, confidence, ASIC miners will be out in a few months and I wouldn't be surprised if the price climbs close to $25-30 again.

[BeepBeep2]

Bitcoin is on the move, $46, omg.

[Alex-Ro]

Crap,i sold like 10 in octomber for 14$ a piece to a local guy....And to make a coin these days is a pain in the *** with videocards...

[Panther_Seraphi]

Coins are still going up now nudging 80 dollars a coin

Just sold 2.6 for 140 pounds sterling

[slaveondope]

99 problems but a bitcoin ain't one.
http://bitcoinity.org/markets

[desnudopenguino]

This is nuts. I've been watching and pooping my pants for the past few months. Also, litecoin has gone up about 30x over the same time period. Get yo crpyto and make it count fellas!

[slaveondope]

$140 a day later. How those nuts feeling?

[tool_462]

I'm kicking myself every morning for selling 1,000+ and "getting out" back in the mid to high $20's a couple summers ago.


To think that a few 5830's made me that much money and would've made me over $100,000 in such a short amount of time is stupid.

[ggdh]

I had about 100 BTC. Sold it for 5$ when the price was dropping. I had no chance to buy it back... So yesterday I bought back 3 BTC (3!) and exchanged them to LTC. Over the night I tripled the value.
But it is still 800-900$ instead of 15k $

[BeepBeep2]

I'm kicking myself every morning for selling 1,000+ and "getting out" back in the mid to high $20's a couple summers ago.


To think that a few 5830's made me that much money and would've made me over $100,000 in such a short amount of time is stupid.

I think a lot of us are kicking ourselves...

LTC is extremely profitable ATM and I think it will continue to be on GPUs for a while as long as it doesn't flop, got 2x 5770, 2x 6870 and 2x 6970 to go on LTC later this week.

It the price stays where it is, looking at $600-1.5K/month, if it balloons in the future further, $2-3K/month...

But ~1500-1600w power draw is pretty bad...

I'm looking to expand to about ~3000w/4000 khash for LTC then let it run wild...

[tool_462]

I think a lot of us are kicking ourselves...

LTC is extremely profitable ATM and I think it will continue to be on GPUs for a while as long as it doesn't flop, got 2x 5770, 2x 6870 and 2x 6970 to go on LTC later this week.

It the price stays where it is, looking at $600-1.5K/month, if it balloons in the future further, $2-3K/month...

But ~1500-1600w power draw is pretty bad...

I'm looking to expand to about ~3000w/4000 khash for LTC then let it run wild...

I've had free electricity for the past 3 years too. Had a decent farm but my original 5830 did 95% of my coin gains back when you could get 20 coins/day with a single crappy card. For a few nights I even mined LTC on my Galaxy Nexus, just for the fun :p

[GeorgeStorm]

How do LTC compare/relate to BTC?

I currently have 10BTC in the bitclockers pool which I can't get due to some dodgy admins.... (by the sounds of it)

But not sure I really want to invest anything into mining again in case the market collapses again :/

[BeepBeep2]

HD 6870 worth 300-350 khash for LTC...
HD 6970 worth about 500...
HD 5770 worth about 200-220...

Overclocked of course...

@4.2 USD/LTC, at current difficulty it equates to $1200 a month profit for the six cards since I have 2 each assuming I can get 2000-2200 khash/s out of them.

The price has been floating between 2 and 4 USD the last week, dropped for a few days because someone dumped like 60000 LTC all at once at BTC-e.

I imagine that price and difficulty will go up the next few months as ASICs continue to saturate the bitcoin market, I'm hoping to $10-20 or so...

[desnudopenguino]

And with that the bubble burst.

GeorgeStorm, keep trying to withdraw. I randomly got a payout a week or so ago. Request payout a few times a day at random times and it will eventually get to you.

BeepBeep2, you are pulling 300 ltc a month with that hardware? I should switch over. I'm getting about the equivalent in mhash mining bitcoins, but you can convert ltc to btc at that rate and do much better (~50ltc = 1 btc, so 6 btc a month vs about 3 btc through mining)

Edit: My mind must be broken. I read 2000-2200 as 1000-12000 khash. That works out a little closer to what is really happening, but still profiting from ltc over btc is nice, and ltc can really only go up right now. Can you PM me with the miner you are using and your settings? I am only pulling 60k with my 5770.

[Ivanlabrie]

Mining ltc and then converting to btc is much better...doing so currently on my brand new 6950 1gb

[BeepBeep2]

And with that the bubble burst.

GeorgeStorm, keep trying to withdraw. I randomly got a payout a week or so ago. Request payout a few times a day at random times and it will eventually get to you.

BeepBeep2, you are pulling 300 ltc a month with that hardware? I should switch over. I'm getting about the equivalent in mhash mining bitcoins, but you can convert ltc to btc at that rate and do much better (~50ltc = 1 btc, so 6 btc a month vs about 3 btc through mining)

Edit: My mind must be broken. I read 2000-2200 as 1000-12000 khash. That works out a little closer to what is really happening, but still profiting from ltc over btc is nice, and ltc can really only go up right now. Can you PM me with the miner you are using and your settings? I am only pulling 60k with my 5770.

Currently LTC is gaining a little bit on BTC through this crash...
It was about .022 a few days ago, now .027...

By the end of this week I will have:
3x 6970 (2x 6970 + 6950) hopefully 1.5 MHash/s
2x 6870 580 KHash/s
1x 5770 210 KHash/s

My HD 5770 pulls about 210 Khash/s with Reaper v13 beta 4...the 6870s both only do about ~290 each with ~5% stales.

I'm thinking about dumping the 6870s on fleabay and upgrading those to 6950s for another $100 or so...
So then I'd have 1.5 GHash/s + ~ 1.2 GHash/s for the second rig optimistically if I could unlock the 6950s.

[desnudopenguino]

I've been solely cpu mining until recently, but I can't get any of my cards to get a good hash rate. They are all about 2-4 times slower than advertised). Do you have any ideas what could be the issue? The cards (other than the 5770) are in my sig.

[tool_462]

I've been solely cpu mining until recently, but I can't get any of my cards to get a good hash rate. They are all about 2-4 times slower than advertised). Do you have any ideas what could be the issue? The cards (other than the 5770) are in my sig.

What OS, graphics drivers, SDK version and miner are you using?

[BeepBeep2]

I'm on 13.1 with whatever SDK comes with it...

Used GUIMiner-scrypt to create the profiles.

[desnudopenguino]

Ok. I started a thread to stop hijacking this one LTC Thread