Post
Topic
Board Speculation (Altcoins)
Re: LTC round 2 begins?
by
BitcoinHodler
on 11/04/2017, 10:31:47 UTC
Since when are you trading btw ?
Thought you never cared about buying/selling coins.
the pump and dump and seeing all the profit missed out on can drive any man or woman to do all sorts of crazy things Wink

Quote
I still don't get why Litecoin hashpower differs from bitcoin ? I mean all those big bitcoin miners could basically do whatever they want with litecoin, couln't they?
they can but it is all about the profit. when you get bitcoin block reward you are getting $15,250 to $17,000 money which is about 70% profit after the costs. and that reward also has a lot of potential of going up in USD value as we have been seeing for the past years.

but with litecoin you only get the reward * ~$4 which is a lot less. so it is not worth dedicating your hash power to it that much.