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 *****Us 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 *****U, a GPU and an ASIC, you will see that the costs of *****U 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 *****U 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 *****uminer. GPU mining is considerably harder to set up, and not much more efficient than *****U 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.
Ledger Wallet ReviewBasically, these efforts are treating digital assets as a bearer instrument, which is a wide and dexterous application.bitcoin dynamics Latest Coinbase Coupon Found:monero node sell ethereum reverse tether daily bitcoin bitcoin aliexpress bitcoin bear icons bitcoin bitcoin sha256 ферма bitcoin ethereum обвал bitcoin asic claim bitcoin bitcoin обменники scrypt bitcoin
bitcoin atm
bitcoin заработок
platinum bitcoin краны ethereum bitcoin обзор bitcoin iq калькулятор bitcoin the ethereum elysium bitcoin bitcoin co bitcoin poker magic bitcoin ethereum падение акции bitcoin bitcoin maps bitcoin обменник film bitcoin mastercard bitcoin
importprivkey bitcoin difficulty monero майнеры bitcoin nxt cryptocurrency bitcoin вектор bitcoin обзор bitcoin seed If you already have a *****U, then it only takes a few minutes to start mining! Just install the software, join a mining pool, and you’re ready to go.As of May 2020, 1 bitcoin equals $8741.81 dollars, and 1 ether equals $190.00.ethereum serpent wikileaks bitcoin monero *****uminer теханализ bitcoin bitcointalk ethereum bitcoin check bitcoin de bitcoin мошенничество matteo monero bitcoin fund покер bitcoin auction bitcoin bitcoin nvidia usa bitcoin Instead, the ledger is broken up into blocks: discrete transaction logs that contain 10 minutes worth of bitcoin activity apiece. Every block includes a reference to the block that came before it, and you can follow the links backward from the most recent block to the very first block, when bitcoin creator Satoshi Nakamoto conjured the first bitcoins into existence.love bitcoin APPLY(S,TX) -> S' or ERRORBitcoin was the first popular cryptocurrency. No one knows who created it — most cryptocurrencies are designed for maximum anonymity — but bitcoins first appeared in 2009 from a developer reportedly named Satoshi Nakamoto. He has since disappeared and left behind a bitcoin fortune.reddit bitcoin bitcoin заработок If, however, you've decided that you'd like to take an alternative route of investing in cryptocurrencies, you could simply purchase some on platforms such as Coinbase and Binance.What is Bitcoin Mining?bitcoin accepted bitcoin all cryptocurrency tech казино bitcoin
bitcoin multiply bitcoin mac json bitcoin пулы ethereum pay bitcoin бесплатные bitcoin
bitcoin reward bitcoin journal ethereum russia super bitcoin faucet bitcoin minergate bitcoin ethereum ротаторы supernova ethereum ethereum это boom bitcoin bitcoin приложение easy bitcoin
ethereum настройка system bitcoin
According to the payment platform, mainstream use of cryptocurrencies has largely been 'hindered by their limited utility as an instrument of exchange due to volatility, cost and speed to transact.' multiply bitcoin conference bitcoin bitcoin today ethereum сбербанк solo bitcoin кости bitcoin bitcoin xl bitcoin шахта торговать bitcoin bitcoin usd криптовалюты bitcoin bitcoin автоматический rate bitcoin надежность bitcoin обзор bitcoin bitcoin описание ethereum википедия wikileaks bitcoin master bitcoin bitcoin форк investment bitcoin bitcoin com ethereum zcash hyip bitcoin foto bitcoin
ethereum продать bitcoin анимация bitcoin primedice cardano cryptocurrency монет bitcoin monero ann прогноз ethereum testnet bitcoin bitcoin kurs On 1 August 2017, Bitcoin Cash was created as result of a hard fork. Bitcoin Cash has a larger block size limit and had an identical blockchain at the time of fork. On 24 October 2017 another hard fork, Bitcoin Gold, was created. Bitcoin Gold changes the proof-of-work algorithm used in mining, as the developers felt that mining had become too specialized.ethereum crane
халява bitcoin code bitcoin bitcoin analysis перевести bitcoin bitcoin tx ethereum видеокарты alpari bitcoin bitcoin проблемы ru bitcoin
eth ethereum bitcoin bitcoin trading
bitcoin миллионеры bitcoin artikel bitcoin satoshi dag ethereum weekend bitcoin bitcoin biz bitmakler ethereum ethereum доллар цена ethereum bitcoin central bitcoin 2017 bitcoin форекс bitcoin airbit bitcoin луна обменник ethereum
заработать monero ethereum contract
bitcoin удвоитель bitcoin значок bitcoin bloomberg tails bitcoin
blender bitcoin теханализ bitcoin bitcoin magazin bitcoin eth nem cryptocurrency cryptocurrency news покер bitcoin bitcoin background bitcoin бумажник bitcoin com fpga bitcoin machines bitcoin bitcoin цена stake bitcoin bitcoin future
segwit bitcoin bitcoin chart dash cryptocurrency ethereum акции
bitcoin explorer txid ethereum bitcoin краны использование bitcoin micro bitcoin wikipedia ethereum life bitcoin space bitcoin win bitcoin боты bitcoin bitcoin golden bitcoin farm abi ethereum ethereum node bitcoin исходники bitcoin fortune tether обменник bitcoin future mercado bitcoin bitcoin usd san bitcoin car bitcoin bitcoin payeer mine ethereum iso bitcoin mining bitcoin бизнес bitcoin ethereum ротаторы ava bitcoin майн ethereum bitcoin суть 777 bitcoin создатель ethereum in bitcoin all bitcoin cryptocurrency exchanges short bitcoin куплю ethereum bitcoin steam bitcoin blockstream email bitcoin
bitcoin торрент bitcoin зарегистрироваться сатоши bitcoin trade cryptocurrency
вики bitcoin 6000 bitcoin site bitcoin bitcoin pdf ethereum calc bitcoin 10000 nodes bitcoin ethereum russia ethereum transactions bitcoin luxury полевые bitcoin bitcoin мерчант cryptonator ethereum bitcoin брокеры bitcoin vpn bitcoin online bitcoin mining bitcoin прогноз bitcoin song bitcoin количество gek monero site bitcoin ethereum перевод bitcoin work курс tether mac bitcoin bitcoin goldmine ethereum логотип bitcoin блок ethereum code bitcoin protocol adc bitcoin bitcoin продать programming bitcoin bitcoin frog
monero форум rates bitcoin 1080 ethereum
взлом bitcoin ethereum txid
hack bitcoin биржа monero
ethereum капитализация avto bitcoin ethereum btc bitcoin роботы jax bitcoin bitcoin краны bitcoin регистрации bitcoin опционы биржи ethereum
abc bitcoin raspberry bitcoin magic bitcoin цена ethereum bitcoin торрент
asic ethereum сети ethereum блок bitcoin bitcoin robot bitcoin land акции bitcoin bitcoin etf sun bitcoin
autobot bitcoin bitcoin получение
credit bitcoin шрифт bitcoin pps bitcoin ethereum claymore bitcoin surf bitcoin coin nicehash bitcoin казино ethereum bitcoin demo cryptocurrency ico bitcoin bow bitcoin xpub bitcoin aliexpress security bitcoin мониторинг bitcoin bitcoin purse bitcoin asic
форумы bitcoin sha256 bitcoin qr bitcoin bitcoin brokers bot bitcoin bitcoin монета mini bitcoin get bitcoin обменник monero bitcoin xapo bitcoin настройка bitcoin надежность ico ethereum bitcoin block настройка ethereum криптовалюта tether компиляция bitcoin prune bitcoin
forbes bitcoin bitcoin machines
bitcoin etherium bitcoin unlimited ethereum метрополис ферма ethereum bitcoin multibit monero gpu dwarfpool monero json bitcoin
bitfenix bitcoin algorithm bitcoin exmo bitcoin iobit bitcoin ethereum проект bitcoin cms bitcoin cgminer cryptocurrency magazine cryptocurrency charts bitcoin sportsbook bitcoin вложить bitcoin 999 polkadot ico bubble bitcoin bitcoin nvidia bitcoin bloomberg bloomberg bitcoin 0 bitcoin bitcoin проверка rx580 monero bitcoin forum ethereum кошельки разработчик ethereum валюта monero ann ethereum курс monero
ethereum форум bitcoin проблемы cubits bitcoin bitcoin usa bitcointalk monero And while the market value of Bitcoin is significantly higher than that of any form of digital currency on the market right now, it is closely followed by Ethereum, which hopes to take over one day.шрифт bitcoin collector bitcoin bitcoin word masternode bitcoin
mikrotik bitcoin bitcoin qiwi bitcoin get fast bitcoin рулетка bitcoin конференция bitcoin bitcoin китай tether 4pda обменник bitcoin daemon monero bitcoin mining майнить ethereum
lootool bitcoin cubits bitcoin таблица bitcoin nova bitcoin bistler bitcoin bitcoin matrix bitcoin spin 3d bitcoin кредиты bitcoin bitcoin alpari bitcoin lucky форки bitcoin
серфинг bitcoin credit bitcoin sha256 bitcoin bitcoin смесители bitcoin golden код bitcoin bitcoin china bitcoin fortune check bitcoin 1060 monero компьютер bitcoin сборщик bitcoin credit bitcoin bitcoin dance надежность bitcoin
bitcoin обои bitcoin golden bitcoin investing bitcoin synchronization bitcoin зарабатывать autobot bitcoin bitcoin bitrix калькулятор bitcoin bitcoin сервисы bitcoin деньги
course bitcoin bitcoin проблемы
bitcoin рейтинг FACEBOOKSmart contracts are tools that can automatically execute transactions if certain conditions are met without requiring the help of an intermediary company or entity. They are often associated with Ethereum, a blockchain that was designed to accommodate smart contracts, but the idea isn’t restricted to any particular platform or network.ethereum заработать bitcoin bitcointalk сборщик bitcoin bitcoin сложность виджет bitcoin bitcoin weekly bitcoin alien ethereum casper bitcoin форекс миксер bitcoin
c bitcoin ethereum проекты bitcoin trust bitcoin traffic биржи monero
While cryptocurrencies are digital currencies that are managed through advanced encryption techniques, many governments have taken a cautious approach toward them, fearing their lack of central control and the effects they could have on financial security. Regulators in several countries have warned against cryptocurrency and some have taken concrete regulatory measures to dissuade users. Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to virtual-currency companies. Gareth Murphy, a senior central banking officer has stated 'widespread use would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy'. He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy. While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen. One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.bitcoin миксер майнер ethereum bitcoin froggy bitcoin crash bitcoin mixer bitcoin prosto
primedice bitcoin iso bitcoin bitcoin virus bitcoin evolution зарабатывать ethereum bitcoin twitter cryptocurrency mining форк ethereum tether clockworkmod bitcoin weekly bitcoin info цена ethereum bitcoin space новый bitcoin SPV in Bitcoinmonero minergate ico ethereum
подтверждение bitcoin bitcoin tm london bitcoin fasterclick bitcoin elysium bitcoin monero биржи monero pro japan bitcoin
курса ethereum майнер monero bitcoin explorer
форк ethereum bitcoin 3 bitcoin fpga agario bitcoin
hacking bitcoin pull bitcoin bitcoin xpub
trezor ethereum bitcoin хардфорк xpub bitcoin анимация bitcoin bitcoin work bitcoin даром wild bitcoin bitcoin space
billionaire bitcoin
new cryptocurrency bitcoin mainer testnet ethereum bitcoin 50 bitcoin компьютер робот bitcoin bitcoin биржи bitcoin elena
gadget bitcoin bitcoin script bitcoin prominer legal bitcoin neteller bitcoin matteo monero
bitcoin asic bitcoin ether
tether 4pda система bitcoin deep bitcoin uk bitcoin neo cryptocurrency fire bitcoin bitcoin калькулятор bitcoin ферма краны monero live bitcoin bitcoin cny сколько bitcoin bitcoin мошенничество ethereum telegram продать bitcoin исходники bitcoin bitcoin программирование удвоитель bitcoin ethereum web3 api bitcoin bitcoin easy buy ethereum платформ ethereum bitcoin maining bitcoin analysis майнить bitcoin It provides a platform to build smart-contract apps (known as dApps);bitcoin journal bitcoin forum
сбербанк bitcoin bitcoin qiwi кошелек ethereum nodes bitcoin mine bitcoin ru bitcoin bitcoin instaforex
bitcoin ledger кошелька bitcoin bitcoin dollar bitcoin grafik cryptocurrency index cold bitcoin preev bitcoin bitmakler ethereum bitcoin список logo ethereum cryptocurrency exchanges faucet bitcoin bubble bitcoin bitcoin mac cryptocurrency forum bitcoin qiwi monero xmr bitcoin клиент монет bitcoin прогнозы bitcoin bitcoin jp bitcoin airbit cubits bitcoin bitcoin air bitcoin funding api bitcoin ethereum валюта The world has never seen this before, and there is now a certain inevitability that markets around the world will gradually gravitate toward this superior money. Money is a good like all others, in that it competes for the attention of those using it.bitcoin 5 bitcoin исходники пул monero расшифровка bitcoin FACEBOOKIn Bitcoin these non-mainchain blocks are called orphans or orphaned blocks and they do not form part of the main chain in any way and are never referenced again by any subsequent blocks.A good way to think of smart contracts is to imagine purchasing a house. Usually, this process requires third parties, such as a lawyer and a broker. With a smart contract, the ownership of the house is sent automatically, once a condition is met.monero fr bitcoin fees
bitcoin заработок
jax bitcoin kupit bitcoin monero difficulty And there’s a bit more too: A miner who references an uncle also gets about 0.15 ETH per uncle (maximum 2 uncles).bitcoin clouding At the core of most cryptocurrencies is blockchain technology, which now has applications outside of just cryptocurrencies.my ethereum mikrotik bitcoin алгоритм monero кредиты bitcoin ethereum кран bitcoin pools статистика ethereum all cryptocurrency bitcoin song bitcoin лохотрон wild bitcoin платформы ethereum bitcoin blocks ninjatrader bitcoin bitcoin окупаемость bitcoin ico
bitcoin global bitcoin миллионеры bitcoin сигналы *****U/GPU Bitcoin MiningElectricity CostLet’s think about what we’ve learned in this blockchain explained guide and highlight some of the most important features of the blockchain to remember:tether download продать monero bitcoin trader tether chvrches
ethereum создатель transactions bitcoin криптовалюта tether
se*****256k1 bitcoin bitcoin андроид red bitcoin autobot bitcoin bitcoin iq bitcoin фарм bitcoin free bitcoin переводчик криптовалют ethereum
bitcoin экспресс проекта ethereum bitcoin акции эпоха ethereum ethereum game платформу ethereum usb tether bitcoin farm cryptocurrency converter bitcoin instant платформа bitcoin фото bitcoin
ethereum client
мавроди bitcoin баланс bitcoin bitcoin seed card bitcoin книга bitcoin конвертер bitcoin bitcoin сложность pay bitcoin майнер bitcoin monero rur bitcoin golden перспектива bitcoin
Three examples of popular decentralized cryptocurrency exchanges are BitShares, Altcoin Exhange, and Ethfinex.bitcoin обмена loan bitcoin bitcoin wallpaper Because there’s no centralized regulating authority to manage or control exchanges, it means that the computers that mine that specific type of cryptocurrency are all responsible for keeping the ledger current. And updates to the blockchain are frequent. For example, Buybitcoinworldwide.com estimates that the Bitcoin blockchain gains a new block every 10 minutes through the mining process. bitcoin moneypolo PoS (Proof of Stake) 