BITCON... WHY its totally FLAWED

[RetardedMonkey]

Just spent about 4 hours trying to set up litecoin mining...

litecoin wallet installed and syncronized.

GUIminer downloaded and started with coinotron.com

20khas via GUI aka 6 LTC per month! What did I do wrong!

Can't even get the litecoin program to mine for me

Which GPU you using?

NVidia GeForce 650m

Didn't do anything wrong mate.

You need higher end hardware to get decent hash rates sadly!

 

[Fykus]

gg litecoins, dropped to 1.60 just then, back to 1.69 now. good lord.

 

[Fykus]

holy sheeet it just jumped about 30 cents

 

[RetardedMonkey]

So much volatility. Was going to sell at 1.98~ but saw a lot of buy orders around 1.92, so held off.

Come home and it's dropped 20 cents lol

 

[Dynoman]

Max said to expect continued volatility its war out there atm.

 

[RetardedMonkey]

I forsee some bouncing off $2 throughout tonight.

 

[Dynoman]

Don't think so Charlie

http://www.ebay.com.au/itm/Litecoin...2276?pt=UK_Coins_World_RL&hash=item3cd062c774

 

[Phiber]

Mmm interesting this eBay listing! Ahah some are smart

 

[RetardedMonkey]

There's no litecoin listings in AUD yet......
Potential market?

 

[Noppy]

Get on it.

 

[Dynoman]

Mmm interesting this eBay listing! Ahah some are smart

They've sold heaps according to the sales history?

 

[Dynoman]

There's no litecoin listings in AUD yet......
Potential market?

How would you differentiate that, just tell the Wallet Author & they configure it?

 

[RetardedMonkey]

How would you differentiate that, just tell the Wallet Author & they configure it?

I don't follow, sorry?

 

[Dynoman]

How would you differentiate that, just tell the Wallet Author & they configure it?

I don't follow, sorry?

Sorry in my Android Bitcoin Wallet most of the currencies are listed whereas in the Litecoin Wallet only USA RUS & BTC Comparison values.

 

[RetardedMonkey]

How would you differentiate that, just tell the Wallet Author & they configure it?

I don't follow, sorry?

Sorry in my Android Bitcoin Wallet most of the currencies are listed whereas in the Litecoin Wallet only USA RUS & BTC Comparison values.

Oh, I'd just set whatever price I want in AUD.

eg: $3.33 per Litecoin.

 

[Dynoman]

I don't follow, sorry?

Sorry in my Android Bitcoin Wallet most of the currencies are listed whereas in the Litecoin Wallet only USA RUS & BTC Comparison values.

Oh, I'd just set whatever price I want in AUD.

eg: $3.33 per Litecoin.

OK I get ya drift now, how quick can you get a trade sorted through Gox?

 

[jawkwind]

What if I sold 1kg of silver and brought an LTC mining rig with 3 x 7950. Is this a good idea? How many LTC would I get a day? Would it cover electricity costs?

 

[RetardedMonkey]

What if I sold 1kg of silver and brought an LTC mining rig with 3 x 7950. Is this a good idea? How many LTC would I get a day? Would it cover electricity costs?

You'd get (approximately), 1800kh/s from those 3.

Which is about 18 LtC per day... in current value... $35~

Each card will use about 250watt

 

[RetardedMonkey]

And we broke through $2.

Up to $2.20 very quickly after punching through the 20,000~ sell orders @ $2.

 

[whinfell]

Now up to US$4 per LTC. Doubled overnight!