(+) Analysis: Ethereum Is on a Run, Bitcoin Surpasses $1600 (+Ripple & Litecoin) This story was shared from this siteBitcoin Bitcoin has surpassed our target of $1500 a few days earlier than I anticipated.While I think it is clear that higher prices, maybe much higher prices, are in store for this asset in the months to come, it is likely a good time to take profits if you are a short-term trader.I will go out on a limb here and suggest that this coin is ripe for a significant correction – soon.There is clearly A LOT of new money coming into cryptocoins of all flavors these days.This cryptocoin bull market is far from over, I suspect.But still, this vertical ascent is unsustainable.More importantly, we have hit a 5th arc, and it was hit exactly, within 8 hours, of a 270 degree (3×90) movement from the low of 8/2/2016.Here is an 8 hour chart: Ripple XRP is on a tear and should be on your radar screen.It has made a new ATH and broke through longer-term resistance to get there.

This coin could triple from here.My long term charts suggest the possibility of .25 by mid-summer.However, I see that there was a smaller setup from the April 4 low I had overlooked.Per that setup, pricetime hit a 5th arc last night while I was sleeping, and corrected sharply.litecoin estimated difficultyIt has recovered somewhat, but has not yet re-tested that arc.asic bitcoin miner south africaI believe it will get through it and move much higher, but I am not omniscient, so we will have to wait and see.litecoin mac minerHere is the 3 hour chart: Litecoin Litecoin has done very nicely in the past couple days.ethereum gemini chart

It hit our target of $25 last night.As in the case of XRP, I tend to think significantly higher prices are in store for this asset,An ASIC is an Application Specific Integrated Circuit.bitcoin ogni oraThey are specially designed pieces of hardware for performing the Litecoin hashing algorithms necessary to mine a specific coin and verify hashed transactions.bitcoin rotterdamThese pieces of hardware are designed and manufactured to perform necessary hashing and nothing else.With the increasing valuation of Bitcoin, in fiat terms, the economic viability of ASICs begun to make sense some time ago.The development of ASICs to do SHA256 became a reality.There were issues along the way with bringing them to market, but ASICs have arrived.With the increasing valuation of any coin the same is true: ASICs become a viable option.It is difficult and some would say impossible to avoid ASIC development in the face of viable economic incentives.ASICs are considered undesirable for a variety of reasons, not the least of which is that they concentrate mining power too heavily and diverge from the original ‘one cpu one vote’ intention of Satoshi.There are two main mining computations for crypto-currencies in use at the moment: Scrypt and SHA.

Scrypt was most popularly implemented in Litecoin in 2011.It was an attempt to resist ASIC development as much as economically possible, through memory hardness.Litecoin has been wildly successful, achieving a market cap of over 1 billion dollars last year, at its peak.It has an emerging chart pattern that mirrors the market price movement of Bitcoin.So, the economic incentives are now there to develop ASICs for Litecoin.This is exactly what one company has done.Mining ASICs Technologies B.V.(MAT) is in development of an ASIC Litecoin SCRYPT miner and FPGA Litecoin SCRYPT miner.They have signed a partnership with German Company Dream Chip Technologies.Dream Chip Technologies is a German engineering company with a strong track record in System on Chip and embedded Software design.The PLATINUM FPGA Litecoin SCRYPT miners will be embodied in two products , the 10 MH/s device and the 30 MH/s device.Shipments are planned to start in August of 2014.Pricing for their mining gear is available on their website.The company is taking pre-orders.

As always, in line with the principles of Caveat Emptor, consumers are encouraged to conduct all the necessary checks and due-diligence..These promise to be high performance and very efficient Litecoin miners.The company will be taking only 35 percent as a deposit payment.There is no full payment for pre-orders needed.These Scrypt Litecoin miners will able to mine Litecoin, and all other Scrypt cryptocurrencies like Dogecoins, Feathercoins and many others.Mining ASICs Technologies B.V.(MAT) is providing its mining and Cryptocurrency expertise while Dream Chip Technologies will handle hardware development, production, and quality assurance.FPGAs and ASICs for Litecoin mining would represent a significant increase in computing
 power backing the Litecoin network.At present, most mining of different
 Scrypt coins takes place on regular graphics cards/GPUs, as did Bitcoin mining before ASICs become popular for mining.Mining ASICs Technologies B.V.(MAT) has begun with an FPGA conceptualization of Litecoin's primary Scrypt hashing algorithm, before designing dedicated ASIC hardware.All specifications at the moment are pre-release and subject to change.

Mining ASICs Technologies B.V.(MAT) has additionally announced the start of development ‘Titanium’: a new-generation of powerful ASIC Bitcoin miners using 28nm chips that will provide at least 6 TH/s of power.Any images currently floating around of the miners are only representative of the device.The actual final product may look different.Full information, details and contact information is available from the companies website.AMD’s Radeon R9 290X graphics card is an excellent, top-of-the-line piece of PC hardware, and is easily one of the best graphics cards you can get your hands on today.In fact, it’s so popular that it’s reportedly sold out here in the US.Why it’s sold out is another matter though.And no, it’s not because hordes of video editors and PC gamers are swiping them off shelves to build multi-GPU systems.While that is likely happening too, that doesn’t appear to be where most of the demand for this card is these days.Instead, the Radeon R9 290X’s current lack of availability has allegedly been driven by the demand of Litecoin miners.