Post
Topic
Board Altcoin Discussion
Re: [wts] 24,000chn for 800ltc
by
Peleus
on 02/05/2013, 11:35:37 UTC
Ok this is silly.

Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.

Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.


Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?