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RE: [Litecoin] Day #20 | Mining results
We're mining with an Antminer L3 (41 LTC - $1759.72)
Yes, this coin is very cheap to mine at the moment. Our maintenance fee is really low, so it's a really profitable coin to mine. Litecoin already hit $50 this year and maybe not this year but next year it will go to the moon, but that's my opinion.
back to your other question "Who owns all those early coins?" I really don't know.
I only know that litecoin was only 3/4 dollars beginning this year and last year. I think a lot of people bought a lot of litecoin when it was cheap back then.
Thanks for the upvote!
Cheers
I've read here and there that on Reddit and other online sources that the Chinese own like 40% of the LTC currently. I'm not sure if that equates to them being buyers, but if 40% is the number, that is a good chunk of LTC. Also, that 40% I don't think is backed by any legitimate source, but a couple banks in China do show high volumes of trading going on.
That may very well be true. China has a very big influence. Not only in the crypto market but also in the world economy. In China you have some very big mining farms. I saw some vids on Youtube and they are huge. I wouldn't be suprised if the mining farms, like the banks, hold a big share.
I really appreciate your support mate! :)
cool maybe I should consider than one, if I start doing mining. or convince my friend to convert over.