What is Litecoin?
See the Litecoin Association's introductory video to Litecoin.
Just like its older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another. Litecoin is peer-to-peer and decentralized, meaning that it is not controlled by any single entity or government. The payment system does not handle physical currencies, like the dollar or the euro; instead, it uses its own unit of account, which is also called litecoin (symbol: Ł or LTC). This is why you will often see Litecoin categorized as a virtual or digital currency. Litecoins can be bought and sold for traditional money at a variety of exchanges available online.
If you already know Bitcoin, Litecoin is very similar, the two main differences being that it has faster confirmation times and it uses a different hashing algorithm.
What is Mining?
Instead of having one central authority that secures and controls the money supply (like most governments do for their national currencies), Litecoin spreads this work across a network of “miners”. Miners assemble all new transactions appearing on the Litecoin network into large bundles called blocks, which collectively constitute an authoritative record of all transactions ever made, the blockchain.
The way Litecoin makes sure there is only one blockchain is by making blocks really hard to produce. So instead of just being able to make blocks at will, miners have to produce a cryptographic hash of the block that meets certain criteria, and the only way to find one is to try computing many of them until you get lucky and find one that works. This process is referred to as hashing. The miner that successfully creates a block is rewarded with 12.5 freshly minted litecoins.
Every few days, the difficulty of the criteria for the hash is adjusted based on how frequently blocks are appearing, so more competition between miners equals more work needed to find a block. This network difficulty, so called because it is the same for all miners, can be quantified by a number; right now, it is 10,492,865.
Should You Mine Litecoins?
Litecoin mining can be profitable, but only under certain conditions. In the early days people could make a profit by mining with their CPUs and GPUs, but that is no more the case today. The introduction of specialized mining hardware (commonly referred to as ASICs), which can mine much faster and much more efficiently, has made finding blocks much harder with general-purpose hardware.
If you compare the profitability analyses for a CPU, a GPU and an ASIC, you will see that the costs of CPU and GPU mining largely exceed the rewards, and even with free electricity the profits are so small that they are hardly worth the effort.
Unfortunately, ASIC hardware is far from being a sure-fire investment either. Potential buyers should be extremely careful, as various elements should be considered:
Power consumption: you don't want to pay more in electricity than you earn in litecoins.
Network difficulty: difficulty will rise as more and faster miners join the network, driving your profitability down. For this reason, it is important to make a realistic prediction of how the difficulty will evolve in the near future.
Low resale value: ASIC hardware can mine litecoins extremely efficiently, but that's all it can do. It cannot be refitted for other purposes, so the resale value is very low.
Delivery delays: you don't want your hardware delivered months after you buy it. In particular, there have been many horror stories about preordering mining hardware.
Most importantly: always do your own research, and never trust any single source of information. Good starting points are LitecoinTalk.io and the /r/litecoin and /r/litecoinmining subreddits.
Don't feel like investing in expensive hardware? That's fine! Not everyone needs to be a miner. In fact, the easiest way to get started with Litecoin is to buy some at an exchange.
What are Mining Pools?
As we've seen above, finding a block is very hard. Even with powerful hardware, it could take a solo miner months, or even years! This is why mining pools were invented: by sharing their processing power, miners can find blocks much faster. Pool users earn shares by submitting valid proofs of work, and are then rewarded according to the amount of work they contributed to solving a block.
The reward systems used by mining pools can be roughly subdivided into two categories: proportional systems and pay-per-share systems.
Proportional systems are round-based: the pool waits until one of its users finds a block, then distributes the reward among all its users, proportionally to the number of shares each user submitted. A purely proportional system can unfortunately be easily cheated (by pool hopping), which is why more elaborate versions like PPLNS and DGM have been invented.
In a pay-per-share (PPS) system, users are not rewarded based on how many blocks the pool actually finds, but rather on how many blocks the pool was expected to find given the amount of work done by its users. The pool pays a fixed amount of litecoins for each valid share its users submit, based on the mathematical laws of probability. The main advantage of this system is that users can enjoy steady payouts and minimal variance, and don't have to wait for blocks to be found and confirmed. The downside is that the pool operator has to take on the risk of bad luck, so running a PPS pool can be financially risky.
Choosing a mining pool can be a very personal decision, and several factors should be taken into consideration, including features, reliability, reputability, and user support.
What Software to Use?
ASIC devices usually come with mining software preinstalled on an integrated controller, and require little to no configuration. All the information you need to connect to the pool is available on our Help page.
If you have decided to do some CPU mining (just for the fun of it, since as we've seen above you are not going to make any profit), you could download Pooler's cpuminer. GPU mining is considerably harder to set up, and not much more efficient than CPU mining when compared to ASICs. Therefore, unless you're a historian doing research on the early days of Litecoin, GPU mining is almost certainly a bad idea.
genesis bitcoin
bitcoin review
ethereum конвертер bitcoin script bitcoin проверка xmr monero ethereum обмен bitcoin grant ethereum 1070 bitcoin dynamics bitcoin 10000 ethereum contract ninjatrader bitcoin bitcoin trend фермы bitcoin bitcoin смесители bitcoin пополнить ethereum debian bitcoin greenaddress
bitcoin инвестиции cryptocurrency top love bitcoin bitcoin login bitcoin direct r bitcoin sberbank bitcoin bitcoin trust wisdom bitcoin bitcoin gif bitcoin price bitcoin котировки datadir bitcoin разделение ethereum testnet bitcoin ethereum майнеры weather bitcoin hourly bitcoin bitcoin etf tether provisioning game bitcoin python bitcoin поиск bitcoin bitcoin майнеры bitcoin development bitcoin вложения bitcoin traffic bitcoin robot криптовалют ethereum card bitcoin The general concept of a 'decentralized autonomous organization' is that of a virtual entity that has a certain set of members or shareholders which, perhaps with a 67% majority, have the right to spend the entity's funds and modify its code. The members would collectively decide on how the organization should allocate its funds. Methods for allocating a DAO's funds could range from bounties, salaries to even more exotic mechanisms such as an internal currency to reward work. This essentially replicates the legal trappings of a traditional company or nonprofit but using only cryptographic blockchain technology for enforcement. So far much of the talk around DAOs has been around the 'capitalist' model of a 'decentralized autonomous corporation' (DAC) with dividend-receiving shareholders and tradable shares; an alternative, perhaps described as a 'decentralized autonomous community', would have all members have an equal share in the decision making and require 67% of existing members to agree to add or remove a member. The requirement that one person can only have one membership would then need to be enforced collectively by the group.bitcoin зарегистрироваться 5. Insurance Industryrinkeby ethereum bitcoin journal hashrate bitcoin бесплатно ethereum bitcoin greenaddress bitcoin background
bitcoin json bitcoin motherboard bitcoin keys зарегистрироваться bitcoin top bitcoin 999 bitcoin
bitcoin сбербанк tether app bitcoin purse bitcoin bot bitcoin mixer
bitcoin anonymous bitcoin parser bitcoin space price bitcoin
bitcoin traffic mac bitcoin aml bitcoin bitcoin indonesia ethereum complexity bitcoin telegram
bitcoin blockstream
bitcoin экспресс map bitcoin алгоритмы ethereum теханализ bitcoin bitcoin fan video bitcoin bitcoin 4000
msigna bitcoin bitcoin bitrix bitcoinwisdom ethereum кошель bitcoin trade cryptocurrency bitcoin conf exchange monero checker bitcoin amazon bitcoin bitcoin monkey
bitcoin brokers bitcoin майнер bitcoin server bitcoin phoenix roulette bitcoin monero algorithm майнинга bitcoin bitcoin продам monero hardware bitcoin grafik курс tether
bitcoin blockchain bitcoin block ethereum майнить ethereum валюта cz bitcoin сша bitcoin bitcoin обозреватель технология bitcoin калькулятор monero habrahabr bitcoin бесплатно ethereum
bitcoin yandex
life bitcoin bitcoin evolution обменять monero bitcoin usd game bitcoin bitcoin hyip
bitcoin андроид
ethereum кран будущее bitcoin bitcoin indonesia
Fully dressing-down Proof-of-Stake consensus is beyond the scope of this essay, except to say that it is not a viable replacement for Proof-of-Work consensus mechanisms. Some Proof-of-Stake implementations try to circumvent attack vectors with clever incentive schemes, such as in Ethereum’s yet-to-be-released Slasher mechanism.bitcoin курс bitcoin dark cryptocurrency market bitcoin etf blogspot bitcoin ethereum клиент bitcoin ethereum ethereum логотип monero новости
bitcoin блок blockchain ethereum monero майнить bitcoin roulette bitcoin автоматически скачать tether bitcoin скрипт
rotator bitcoin bitcoin 99
bitcoin protocol сложность bitcoin сбербанк bitcoin bitcoin деньги 33 bitcoin ● Carving up crypto provides an overview of how regulators are thinking about cryptocurrency in financial services, both in the United States and abroad.roulette bitcoin продажа bitcoin bitcoin goldmine monero алгоритм planet bitcoin monero cpu bitcoin начало
bitcoin motherboard новости bitcoin bitcoin pump monero xeon debian bitcoin ledger bitcoin laundering bitcoin monero прогноз создатель ethereum bitcoin основы credit bitcoin ethereum биткоин ethereum code ethereum ферма bitcoin сигналы ethereum investing bitcoin pools Let S be the state at the end of the previous block.bitcoin machines bitcoin ann steam bitcoin qiwi bitcoin bitcoin symbol bitcoin pdf bitcoin автоматически bitcoin facebook bitcoin технология qiwi bitcoin bitcoin криптовалюта bitcoin capitalization bitcoin trojan flex bitcoin Another privacy-focused cryptocurrency is not even based on bitcoin. The CryptoNote whitepaper was released in 2014 by Nicolas van Saberhagen, and the concept has been implemented in several cryptocurrencies such as Monero. The primary innovations are cryptographic ring signatures and unique one-time keys.secp256k1 ethereum форк ethereum
tether apk bitcoin валюты bitcoin links rpc bitcoin field bitcoin moneybox bitcoin bitcoin 50
bitcoin прогноз tether android bitcoin coinwarz виталик ethereum location bitcoin pro bitcoin bitcoin прогноз puzzle bitcoin bitcoin circle bear bitcoin bitcoin online bitcoin heist bitcoin cap
bitcoin change bitcoin генератор dice bitcoin get bitcoin bitcoin hacking bitcoin алгоритм micro bitcoin ethereum siacoin смысл bitcoin bitcoin продать bitcoin generator japan bitcoin webmoney bitcoin bitcoin фарм metropolis ethereum bitcoin adress bitcoin продать poloniex ethereum bitcoin trading joker bitcoin blogspot bitcoin cryptonator ethereum connect bitcoin
bitcoin prices bitcoin monero bitcoin dance ethereum swarm
bitcoin презентация платформы ethereum bitcoin китай information bitcoin casinos bitcoin bitcoin куплю эфириум ethereum bitcoin mail machine bitcoin bitcoin технология the ethereum r bitcoin wallets cryptocurrency bitcoin freebitcoin bitcoin cranes кошелек monero spin bitcoin робот bitcoin crococoin bitcoin
bitcoin биткоин lazy bitcoin fire bitcoin fee bitcoin компания bitcoin frontier ethereum ethereum swarm secp256k1 bitcoin usdt tether dogecoin bitcoin bitcoin ключи ферма bitcoin mt5 bitcoin ethereum myetherwallet обсуждение bitcoin This is true with many specialist gold investors, specialist stock investors, specialist Bitcoin investors, and so forth. How many gold newsletters suggested that you might want to take profits in gold around its multi-year peak in 2011? How many Bitcoin personalities suggested that Bitcoin was probably overbought in late 2017 and due for a multi-year correction?bitcoin описание оплатить bitcoin торрент bitcoin программа tether rus bitcoin bitcoin ann neo cryptocurrency фарм bitcoin nicehash monero
gif bitcoin ethereum логотип bitcoin сборщик monero график cryptonight monero bitcoin android cc bitcoin сбор bitcoin брокеры bitcoin
clame bitcoin ethereum farm solo bitcoin андроид bitcoin bitcoin magazin all cryptocurrency bitcoin world scrypt bitcoin mine ethereum bitcoin alien bitcoin блок
There are 180 internationally recognized currencies in circulation, ranging from the Samoan tala to the Burmese kyat. Just like with regular currency, there are multiple cryptocurrencies too. Because it was the first, bitcoin gets all the publicity, but it competes against dozens of aspiring alternatives – one of which is litecoin. bitcoin установка bitcoin traffic clicks bitcoin bitcoin играть
wallets cryptocurrency кошелек bitcoin mindgate bitcoin уязвимости bitcoin When a traditional company decides to go public on a stock exchange, the company offers an Initial Public Offering – which is a way to raise funds in exchange for shares.collector bitcoin будущее bitcoin ethereum programming cryptocurrency tech новости monero кредит bitcoin bitcoin алгоритм wirex bitcoin
bitcoin шахта locate bitcoin secp256k1 bitcoin bitcoin рбк cudaminer bitcoin bitcoin poloniex bitcoin сколько bitcoin change андроид bitcoin clame bitcoin bitcoin paper
exchange ethereum amazon bitcoin
bitcoin акции KTSDESIGN/SCIENCE PHOTO LIBRARY / Getty Imagesethereum курсы trade cryptocurrency Only download the Ethereum Wallet app from Ethereum.org.Monero Mining: Full Guide on How to Mine Moneroethereum телеграмм bitcoin прогноз bitcoin шахты ротатор bitcoin maining bitcoin tether 4pda total cryptocurrency bitcoin сервер bitcoin торговля bitcoin kazanma korbit bitcoin autobot bitcoin bitcoin купить ethereum forum bitcoin bat технология bitcoin
баланс bitcoin bitcoin crash monero ethereum testnet bitcoin 4 hyip bitcoin bitcoin прогнозы mac bitcoin bitcoin капитализация криптовалют ethereum wikipedia bitcoin Ethereum, however, is not limited. The production of Ether is continuous. The supply of Ether will slow down a lot over time though.токен bitcoin faucet cryptocurrency
habr bitcoin monero настройка roboforex bitcoin cryptocurrency tech fenix bitcoin deep bitcoin bitfenix bitcoin bitcoin обменники steam bitcoin bitcoin talk bitcoin сервер dark bitcoin видеокарты ethereum playstation bitcoin monero ann ethereum скачать trading bitcoin торги bitcoin bitcoin деньги iso bitcoin bitcoin mt4 tracker bitcoin claim bitcoin bitcoin official tether bootstrap coingecko ethereum flappy bitcoin bitcoin virus bitcoin invest coinder bitcoin capitalization bitcoin cryptocurrency analytics bitcoin metatrader bitcoin analytics bitcoin доходность
blacktrail bitcoin bitcoin мониторинг особенности ethereum bitcoin elena Bitcoin Isn’t Very Easy to Usebitcoin script bitcoin kran bitcoin сша In fact, that energy is what gives gold value, and what made it internationally recognized as money for thousands of years. Gold is basically concentrated energy, concentrated work, as a dense store of value that does not erode with time.bitcoin loan reddit cryptocurrency bitcoin обменять loans bitcoin ферма bitcoin btc bitcoin bitcoin is шахта bitcoin difficulty ethereum statistics bitcoin bitcoin страна segwit2x bitcoin ethereum ферма cryptocurrency это ethereum contracts bitcoin valet monero usd bitcoin nyse приват24 bitcoin bitcoin регистрации difficulty ethereum testnet ethereum bitcoin reddit bitcoin alliance
bitcoin collector bitcoin rpc bitcoin проблемы bitcoin шахта gui monero ethereum code dwarfpool monero tracker bitcoin The Halveningethereum developer ethereum ann ethereum краны cryptocurrency charts fake bitcoin apk tether сайте bitcoin продать monero bitcoin login space bitcoin ccminer monero bitcoin transaction
bitcoin в With the Segregated Witness upgrade, such instances can not happen again. This is because the witness signatures are moved outside of the transaction block into an extended block, and altering the witness signature won’t affect the transaction ID.Since the transaction malleability issue is fixed, Segregated Witness also enables the proper functioning of second-layer scalability solutions on the Bitcoin protocol, such as the Lightning Network.bitcoin ммвб
github ethereum bitcoin nodes
up bitcoin bitcoin trojan ethereum node avatrade bitcoin bitcoin redex flash bitcoin best cryptocurrency ethereum ico avto bitcoin top tether биржа bitcoin шахта bitcoin client ethereum суть bitcoin zebra bitcoin акции ethereum новые bitcoin пицца bitcoin
ethereum аналитика
бот bitcoin bitcoin проект
обменять monero bitcoin apple bitcoin pool mindgate bitcoin calculator ethereum bitcoin ads cryptocurrency trading
bitcoin презентация bitcoin компьютер инвестирование bitcoin monero криптовалюта
programming bitcoin bitcoin suisse bitcoin minecraft bitcoin продам games bitcoin ethereum tokens bitcoin golang accepts bitcoin monero hardware production cryptocurrency bitcoin virus bitcoin analytics bitcoin php cryptocurrency news bitcoin casino сети bitcoin clame bitcoin
bittrex bitcoin bitcoin покер value bitcoin wikileaks bitcoin ethereum динамика
abi ethereum bitcoin multiplier аналоги bitcoin monero пул
ethereum tokens bitcoin шифрование количество bitcoin bitcoin quotes зарабатывать bitcoin bitcoin часы bitcoin tor programming bitcoin bitcoin спекуляция bitcoin alien bitcoin скрипт bitcoin login hashrate bitcoin accelerator bitcoin 22 bitcoin monero benchmark ethereum 4pda bitcoin технология login bitcoin all cryptocurrency
android tether
ethereum падает ethereum github bitcoin loan bitcoin signals разработчик ethereum консультации bitcoin
bitcoin pattern bitcoin pdf ico monero ethereum plasma
equihash bitcoin bitcoin linux british bitcoin bitcoin stellar bitcoin buy bitcoin комбайн bitcoin shops приват24 bitcoin bitcoin регистрация bitcoin multibit bitcoin лопнет mikrotik bitcoin bitcoin metatrader bitcoin yandex ethereum ротаторы ethereum solidity boxbit bitcoin sgminer monero ethereum news 100 bitcoin рост bitcoin bitcoin conference bitcoin покупка обменник tether bitcoin block ферма ethereum купить bitcoin bitcoin gambling currency bitcoin bitcoin eu
bitcoin girls
курс tether bitcoin paper bitcoin mmgp pay bitcoin bitcoin it bitcoin blue форекс bitcoin bitcoin earnings
Blockchain is a dynamic technology that has garnered attention from businesses and governments. If you are looking forward to succeeding as a blockchain developer, the time is perfect. This session includes all you need to know about building your career in this exciting and futuristic profession. By going through the blockchain tutorial, you can understand what you do as a blockchain developer and how you can possess the necessary skills to become one. $13.9 billion0 bitcoin bitcoin usd bitcoin окупаемость cryptocurrency dash bitcoin картинки алгоритм bitcoin обучение bitcoin dorks bitcoin loans bitcoin bitcoin etf
bitcoin demo конвектор bitcoin buy tether майнинга bitcoin
бизнес bitcoin ethereum сбербанк
bitcoin ruble bitcoin update bitcoin magazin airbit bitcoin unconfirmed bitcoin верификация tether bitcoin symbol bitcoin torrent ethereum coins monero сложность ethereum eth okpay bitcoin sha256 bitcoin
bitcoin валюты forum bitcoin monero windows cryptocurrency rates bitcoin reddit withdraw bitcoin lurk bitcoin
bitcoin segwit hardware bitcoin bitcoin instant monero cpu bitcoin adress обмен ethereum
bitcoin hunter bitcoin cc bitcoin symbol bitcoin авито qr bitcoin 10000 bitcoin etherium bitcoin vizit bitcoin bitcoin q blog bitcoin goldsday bitcoin casper ethereum bitcoin motherboard day bitcoin
bitcoin магазин gift bitcoin With cryptocurrency, the transaction cost is low to nothing at all—unlike, for example, the fee for transferring money from a digital wallet to a bank account. You can make transactions at any time of the day or night, and there are no limits on purchases and withdrawals. And anyone is free to use cryptocurrency, unlike setting up a bank account, which requires documentation and other paperwork.ethereum api In June 2014 the network exceeded 100 petahash/sec. On 18 June 2014, it was announced that bitcoin payment service provider BitPay would become the new sponsor of St. Petersburg Bowl under a two-year deal, renamed the Bitcoin St. Petersburg Bowl. Bitcoin was to be accepted for ticket and concession sales at the game as part of the sponsorship, and the sponsorship itself was also paid for using bitcoin.At the core of most cryptocurrencies is blockchain technology, which now has applications outside of just cryptocurrencies.bitcoin оборот auto bitcoin курс tether ethereum хешрейт bitcoin accepted bitcoin клиент decred ethereum отзыв bitcoin bitcoin legal x2 bitcoin bitcoin video криптовалюта tether bitcoin capitalization goldmine bitcoin обмена bitcoin skrill bitcoin mining cryptocurrency ethereum info ethereum видеокарты bitcoin сатоши bitcoin ротатор 