Quote from: WaterTower on July 14, 2018, 06:52:36 PM

Quote from: Searing on July 13, 2018, 06:37:08 PM

Hey Pooler,

I sold my 8,000mh of Bitmain L3's and L3+ scrypt-pow miners, so I'm off the pool. Thanks for the run. Back in the day I think I got as high as 25 on all time list and was 2 on the

daily list for a while....I made 12,700 some LTC on your pool and should have kept them ALL.....(sigh) like 99.99998% or so of LTC holders, before April 2017 when LTC was $4.15 usd

and below...I swap'd for BTC or spent it....alas...

anyway, with Bitmain controlling about 51% of the pools for BTC and 90% of scrypt-pow miners that are still mining.. and soon will be at 51% for a lot of scrypt-pow coins like LTC, I doubt I

will be back to scrypt-pow and LTC.

Bitmain has a method where they will mine the summer, IMHO, with NEW EQUIPMENT, supposedly, at 3x the speed now and the same power, more or less and as a 4 month or so pre-order

thus the game is they will further run the difficulty up 30% or more over the summer before you could even get their units..if this is the case (again IMHO)

Thus with 90% of LTC miners and scrypt-pow now being Bitmain L3 and L3+ units...IF they all have to shut off...I really, really doubt I'm gonna play Bitmain's game

and start from scratch with new units as a pre-order in the fall.

Thus a lot of folk on your pool may move on unless some competitor comes in and stifles Bitmain...but alas it is looking a lot like 2014 when small fry BTC miners went the

way of the dodo

anyway, what I see coming down the pike this summer..so I took the $$$ and ran like heck!

anyway, hopefully, I'm wrong..but my logic on what I see as MORE than a bit of 'centralization' on Bitmain's part of scrypt-pow and LTC at least for the next 6 months

anyway, thanks for the pool...if it ever makes sense to come back ..I will simply fire up my account and start it up again

brad

I started mining with some moonlanders (totally not profitable with a high initial cost, but they were fun), but recently moved up to a Innosilicon A4+ and am pretty happy so far. Do you know for sure that there is a new machine coming out from Bitmain? Innosilicon seems to have the edge with hashrate efficiency for the time being, so its odd to see that Bitmain still is so dominant in the LTC space with their L3+. The difficulty seems to be pretty even lately, so what makes you think that Bitmain is up to their old tricks (and boy do they have a terrible reputation at that...). With the prices where they are, I assumed that the market is just saturated with machines and there isn't a huge incentive to come out with new hardware unless the price goes up a bit. Would love to hear more about your thoughts on it whole thing.

Pooler, how is the state of litecoinpool in terms of financial stability? I am hoping that it is making a nice profit to help keep the lights on and you interested in continuing its development!

My assumption is that Bitmain has a new unit out...now if they we're smart they would NOT release it IMHO, and just mine like heck at these prices with their advantage of not only

cheap electric but also the fact the equipment likely ONLY cost them 20c on the $1 at most, on top of that! Thus with everyone else (90% of all scrypt-pow (LTC) miners that are

still profitable to run at say 8c or less kWh electric) they can also take advantage of the difficlulty drop ...so if I was them I'd skip this generation of miners and pound it...going

full evil and all)

BUT, they made so many other asic miners of many flavors, I doubt they don't have something on the shelf ready to go

again, the danger is IF they release the 'supposed' 3x miner at the same watts say...they will be the only one mining pow-scrypt....all the L3+'s or 90% of miners still hanging on

would shut off...also in that case (wanted or not) Bitmain would probably over the summer fill their data halls with such and then say pre-orders in the fall...the pow-scrypt

miners would then WATCH as Bitmain raised difficulty 30% of more over the summer while they filled their data hall with new equipment and pre-order stuff in the fall...thus

the L3+ would NEVER catch up ..thus if you want to mine scrypt-pow YOU'D HAVE TO START ALL OVER AS A PRE-ORDER WITH BITMAIN EQUIPMENT end of fall...

so if they were smart they would hold off on such a product...unless they really do want 51% of scrypt-pow and LTC and other crypto's which would be damn easy to do

IF they blew out the L3+ till end of fall, before you could get a equiv unit.

But monopolies always eat their young and go too far..thus it is possible the above is true and would ramp out with new equipment as above

just saying...for what I got in price for my miners and the advantages i had with equip/tax and other tricks..it was a no brainer, so I punted

evil is as evil does...I still think they are dumb enough to think they can own the scrypt-pow and LTC networks for the summer, blow out all the old products like the L3+

due to difficulty and expect the 'sheep' to line up and re-build scrypt-pow miners again from them as pre-orders in the fall....again with no other mnfg's owning 90% of market

rinse/wash/repeat

I don't think people are that dumb and will walk..but we will see....

brad