Quote:
Originally Posted by AJ_NETWORK
if i ever get my jalapeno do you think i could mine litecoin with it?
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You can't, ASICs are specifically designed to mine Bitcoin. Litecoin uses a different encryption.
Bitcoin = SHA-256
Litecoin = Scrypt
Also LTC isn't up, it's down in price just like Bitcoin.
LTC is down from $2.7 to $2.4 today currently as I write this
Money is draining out of Bitcoin as people cash out their positions, MtGox lifted their 2 week freeze on US dollar withdrawals and people are cashing out and the flow of new money is nowhere near enough to keep prices stable so the price continues to fall.
The only thing keeping LTC from dropping below $1 is the continued speculation that Mt Gox will start trading LTC which is never ever going to happen. First it was April, May, June, July, of coarse it'll be this month
Supply & Demand in fully effect
