It's the displacement of ex-Bitcoin miners. The hash power in the large Bitcoin pools [http://www.btcguild.com/index.php?page=pool_stats] has more than doubled in less than five weeks due to the delivery of ASICs, so there are a lot of GPU miners bumped down to LTC that see it as a no-lose proposition since the hardware costs are already sunk.RetardedMonkey said:
BITCON... WHY its totally FLAWED
- Thread starter 1for1
- Start date
Yeah I am tempted to buy some outright at moment. Price gone up from USD$0.54 to USD$0.66 since I been mining....
Hard to find a place to buy
Actually, BTC-E looks easy enough?
Hard to find a place to buy
Actually, BTC-E looks easy enough?
1for1
Well-Known Member
RetardedMonkey said:Yeah I am tempted to buy some outright at moment. Price gone up from USD$0.54 to USD$0.66 since I been mining....
Hard to find a place to buy
Actually, BTC-E looks easy enough?
Thanks ill check that place out.. i just registered with https://vircurex.com/ but its not looking that promising right now.. if anyone has as little as 20? for starters.. also anyone know where to buy them in volume? Especially locally within australia?
1for1
Okay, BTC-e is hard. I can't find an easy way to deposit funds.
And Vircurex isn't any easier.
RM - try Omnicoins - it looks like they are based in Australia: https://www.omnicoins.com/
Edit - they only take cash deposits through banks, so you won't be able to buy anything until Tuesday Also be aware of the commission rate: 6-8%
Edit - they only take cash deposits through banks, so you won't be able to buy anything until Tuesday
Also be aware of the commission rate: 6-8%
Cheers whinfell, although it looks like you need to send an order to them for their over inflated prices, and then deposit the money into one of their bank accounts within 4 hours.... no transfer/credit card etc, bah
With Mt.Gox, is everyone saying they're in queue for their account to become active, or for verification?
Yeah I'll do the verification now I guess. Seems legit enough.
And trying to get money into or out of Bitcoins seems difficult in itself!
And trying to get money into or out of Bitcoins seems difficult in itself!
Dynoman
Active Member
At this point I'm thinking Bitcoin will stabilise around the $100 mark. Then everyone will start heading for Litecoin. I don't believe a 15-1 ratio is out of the question given the original idea by the development team stating that Litecoin is intended to be a Silver to Gold crypto equivalent. It would be ironic to see Litecoin at around $7 in a few months. Once this gets big we will no doubt see the manipulators come to play, until then enjoying the ride.
I have been trying to get some money into btc-e this morning but it is nearly impossible. Think I will have to buy bit coins on gox then send them to btc-e then convert them to litecoin.
Just want to give my stack of them a good start whilst they are less than a dollar as I can't see the price staying there for long with Atlantis up and running now.
Have about 30 coins now from mining which will continue to grow the stack.
Just want to give my stack of them a good start whilst they are less than a dollar as I can't see the price staying there for long with Atlantis up and running now.
Have about 30 coins now from mining which will continue to grow the stack.
So you guys are buying BTC through MtGox then transferring to BTC-E for Litecoin?
Might have to do this also. The price is slowly climbing... LTC/USD 0.69543999 now.
(which means I've got $20~ worth of Litecoins from mining now!)
Might have to do this also. The price is slowly climbing... LTC/USD 0.69543999 now.
(which means I've got $20~ worth of Litecoins from mining now!)
Bah, don't like the idea of scanning and uploading full colour images of passports/drivers licences to get verified on this MtGox website.
