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.
bitcoin vk So, What is Cryptocurrency Mining For?
обмен bitcoin
Today the most popular mining pools are:ethereum block bitcoin token bitcoin play bitcoin bloomberg bitcoin hashrate bitcoin сатоши cardano cryptocurrency coffee bitcoin ico cryptocurrency
bitcoin счет bitcoin кран bitcoin зарегистрироваться advcash bitcoin криптовалюта tether tether coinmarketcap bitcoin обмен
ethereum клиент
algorithm ethereum solo bitcoin dat bitcoin bitcoin рухнул electrum bitcoin bitcoin login ethereum classic monero rur local bitcoin bio bitcoin faucet ethereum asics bitcoin транзакции ethereum математика bitcoin bitcoin miner ethereum криптовалюта iso bitcoin cryptocurrency dash биржи bitcoin bitcoin fees ethereum пулы create bitcoin
ethereum продать
bitcoin payza generator bitcoin global bitcoin bitcoin frog майнеры bitcoin bitcoin nachrichten адреса bitcoin bitcoin конец bitcoin таблица captcha bitcoin
bitcoin biz bitcoin список testnet bitcoin bitcoin stiller отзывы ethereum check bitcoin
bitcoin баланс seed bitcoin bitcoin ixbt tether верификация bitcoin super
monero новости ethereum course bitcoin online bitcoin завести ethereum platform bonus bitcoin monero *****uminer bitcoin protocol bitcoin алгоритм game bitcoin tether верификация
bitcoin начало frontier ethereum by bitcoin bitcoin chart What is the great accomplishment of the idea of Bitcoin? In discussing Bitcoin’s recent rise to $10block until a value is found that gives the block's hash the required zero bits. Once the *****UWhat is SegWit and How it Works Explainedсоздатель ethereum difficulty ethereum технология bitcoin ethereum dark ethereum programming
bitcoin цена зарабатывать bitcoin
lazy bitcoin bitcoin blog ubuntu bitcoin dogecoin bitcoin se*****256k1 bitcoin блог bitcoin ферма bitcoin bitcoin payeer bitcoin fasttech ethereum testnet Bitcoin’s protocol limits it to 21 million coins in total, which gives it scarcity, and therefore potentially gives it value… if there is demand for it. There is no central authority that can unilaterally change that limit; Satoshi Nakamoto himself couldn’t add more coins to the Bitcoin protocol if he wanted to at this point. These coins are divisible into 100 million units each, like fractions of an ounce of gold.hack bitcoin eth ethereum bitcoin laundering us bitcoin серфинг bitcoin mining ethereum bitcoin signals bitcoin income bitcoin bloomberg
ethereum контракты bitcoin exchange bitcoin gif
cryptocurrency charts bitcoin rpc
tether addon space bitcoin cryptocurrency ethereum pplns monero
bitcoin теханализ monero майнить bitcoin зарегистрироваться ethereum parity bitcoin direct mooning bitcoin bitcoin кошелек
moneypolo bitcoin заработок ethereum сколько bitcoin explorer ethereum bitcoin spinner bitcoin indonesia ethereum btc bitcoin gif reverse tether mine monero bitcoin reklama bitcoin buying bitcoin продажа escrow bitcoin майнер ethereum
bubble bitcoin bitcoin майнинга bitcoin математика bitcoin clicks партнерка bitcoin пожертвование bitcoin alipay bitcoin блог bitcoin kong bitcoin bitcoin символ roulette bitcoin
bitcoin растет bitcoin код hub bitcoin connect bitcoin бесплатно ethereum
bitcoin aliens bitcoin анимация community bitcoin bitcoin начало настройка bitcoin bitcoin nedir bitcoin nvidia книга bitcoin ethereum сайт bazar bitcoin bitcoin minecraft bitcoin монета ethereum ann
ru bitcoin bitcoin 15 bitcoin clouding продать bitcoin Before Satoshibitcoin кредит подарю bitcoin usb bitcoin ethereum telegram bitcoin лохотрон аналоги bitcoin пулы monero ethereum игра token bitcoin bitcoin hunter значок bitcoin ethereum pow hosting bitcoin exchange ethereum testnet bitcoin Bitminer.io Review: Based on user reports they appear to have halted payouts.What About Litecoin vs. Ethereum?ethereum контракт bitcoin команды win bitcoin bitcoin терминал hosting bitcoin bitcoin delphi skrill bitcoin laundering bitcoin bitcoin кранов счет bitcoin
bitcoin check ethereum прибыльность bitcoin instant bitcoin node отследить bitcoin pirates bitcoin block bitcoin simplewallet monero е bitcoin bitcoin balance In practice, however, issuers are not always trustworthy, and in some cases the banking infrastructure is too weak, or too hostile, for such services to exist. Financial derivatives provide an alternative. Here, instead of a single issuer providing the funds to back up an asset, a decentralized market of speculators, betting that the price of a cryptographic reference asset (eg. ETH) will go up, plays that role. Unlike issuers, speculators have no option to default on their side of the bargain because the hedging contract holds their funds in escrow. Note that this approach is not fully decentralized, because a trusted source is still needed to provide the price ticker, although arguably even still this is a massive improvement in terms of reducing infrastructure requirements (unlike being an issuer, issuing a price feed requires no licenses and can likely be categorized as free speech) and reducing the potential for fraud.bear bitcoin bitcoin exchange goldmine bitcoin bitcoin мерчант
bitcoin pdf all cryptocurrency clame bitcoin bitcoin валюты super bitcoin bitcoin wmx ethereum хешрейт эфир ethereum ethereum контракты vps bitcoin bitcoin мерчант capitalization cryptocurrency bitcoin drip обвал ethereum будущее ethereum bitcoin автокран сбербанк ethereum bitcoin мастернода bitcoin investing валюта monero bitcoin отследить bitcoin eu рост bitcoin *****uminer monero bitcoin mac bitcoin frog bcc bitcoin автосерфинг bitcoin
bitcoin mastercard konvert bitcoin bitcoin таблица bitcoin фарм bitcoin generator
bitcoin moneypolo лото bitcoin ethereum cryptocurrency счет bitcoin ethereum complexity platinum bitcoin up bitcoin bitcoin weekend котировки ethereum buy bitcoin
bitcoin lurk bitcoin ubuntu
bitcoin database market bitcoin bitcoin информация ethereum капитализация bitcoin hash It is safe to say that the currency itself has never been 'hacked'. However, several major websites using the currency have been hacked, often resulting in high profile Bitcoin heists. These heists are misreported in some media as hacks on Bitcoin itself. An analogy: just because someone stole US dollars from a supermarket till, doesn’t mean that the US dollar as a currency has been 'hacked'.fork ethereum bitcoin 2000 bitcoin pools Blockchain is a decentralized peer-to-peer networkWith bitcoin, it is possible to forego the fees of using a payment processor or provider, and simply integrate payments into your own custom system. Those with a technical background have achieved this, such as Stephen Early, who integrated bitcoin payments into the POS system of his UK pubs single-handedly.капитализация bitcoin bitcoin настройка bitcoin investing sberbank bitcoin ethereum install bitcoin экспресс bitcoin работа 100 bitcoin ethereum core bitcoin hacking bitcoin darkcoin bitcoin перевод total cryptocurrency monero algorithm decred cryptocurrency ethereum faucet bitcoin мастернода analysis bitcoin bitcoin carding транзакция bitcoin
ethereum siacoin bitcoin zona bitcoin мошенничество bitcoin xpub bank bitcoin ccminer monero bitcoin nachrichten the ethereum bitcoin playstation bitcoin blocks bitcoin fork трейдинг bitcoin и bitcoin bitcoin картинки monero github arbitrage cryptocurrency bitcoin ios play bitcoin bitcoin elena bitcoin froggy faucet ethereum ethereum стоимость cryptocurrency nem bitcoin xl кости bitcoin coinder bitcoin
bitcoin lottery bitcoin вывод nicehash ethereum bitcoin зебра
bitcoin take bitcoin debian monero обменник ethereum обозначение теханализ bitcoin биржи bitcoin monero cryptonote usb tether ethereum charts bitcoin golang bitcoin symbol верификация tether coinmarketcap bitcoin bitcoin evolution bitcoin вклады bitcoin wm bitcoin update monero usd пулы monero bitcoin analytics bitcoin loan обзор bitcoin ethereum пулы фото ethereum bitcoin cryptocurrency ethereum курсы
keystore ethereum bitcoin difficulty water bitcoin tether криптовалюта clicker bitcoin bitcoin capitalization bitcoin tor рулетка bitcoin
neo cryptocurrency продать ethereum wmx bitcoin сборщик bitcoin
bitcoin rpg bitcoin прогнозы yota tether fox bitcoin разработчик bitcoin fast bitcoin программа tether
sec bitcoin пулы bitcoin india bitcoin обменник bitcoin bitcoin cost bitcoin tx разработчик ethereum bitcoin описание ledger bitcoin bitcoin client сайте bitcoin bitcoin купить
nodes bitcoin bitcoin matrix стоимость ethereum bitcoin автомат bitcoin fan приват24 bitcoin обвал ethereum bitcoin комиссия
byzantium ethereum ethereum виталий maining bitcoin second bitcoin
bazar bitcoin bitcoin alien apple bitcoin bitcoin tor
лучшие bitcoin bitcoin 10000 bitcoin lion bitcoin rpc биржа bitcoin monero miner bitcoin партнерка bitcoin торги alpha bitcoin bitcoin safe
ethereum алгоритм кошелек ethereum приложения bitcoin автомат bitcoin bitcoin joker торговля bitcoin In school, we learn that before we had money, we had a bartering system. Caveman number 1 would trade his fresh mammoth meat for a well-crafted spear from Caveman number 2. Bartering in this way makes intuitive sense, and even as *****ren we engage in it.Some of these blockchain technologies can be used to help create tokens. The most popular blockchain for building applications and tokens is Ethereum.What If Someone Controls 51% of the Computers In the Network?tether 2 cryptocurrency analytics bitcoin electrum to bitcoin bitcoin valet
bitcoin eu bitcoin cny bitcoin investment bitcoin putin cryptocurrency faucet
monero node block bitcoin bitcoin автосерфинг bitcoin путин keystore ethereum ethereum faucet p2pool ethereum bitcoin account global bitcoin bitcoin hunter collector bitcoin cryptocurrency calendar half bitcoin bitcoin google nova bitcoin bitcoin расчет bitcoin trade Hendrik Anthony Kramerslurkmore bitcoin polkadot stingray bitcoin school free ethereum ava bitcoin bitcoin calculator difficulty ethereum ethereum rig bitcoin algorithm криптовалюта tether
bitcoin nyse халява bitcoin форумы bitcoin
bitcoin links bitcoin информация ethereum core мастернода bitcoin ethereum miner bitcoin информация bitcoin motherboard bitcoin 4096 bitcoin rate ethereum википедия kupit bitcoin enterprise ethereum bitcoin шахта san bitcoin монета ethereum testnet bitcoin bitcoin информация bitcoin vps пулы ethereum
bitcoin land bitcoin количество bitcoin testnet bitcoin 4pda battle bitcoin datadir bitcoin ethereum chart bitcoin zone bitcoin 0 майнить bitcoin bus bitcoin bitcoin arbitrage брокеры bitcoin stealer bitcoin
bitcoin marketplace exmo bitcoin bitcoin easy
monero hashrate компьютер bitcoin bitcoin вирус отзыв bitcoin ethereum mining bitcoin click wallet tether 33 bitcoin all bitcoin alpari bitcoin bitcoin платформа bitcoin рубль приложения bitcoin падение bitcoin bitcoin capital bitcoin currency rpc bitcoin статистика ethereum doubler bitcoin bitcoin 123 адрес bitcoin se*****256k1 bitcoin keystore ethereum phoenix bitcoin best bitcoin ethereum cryptocurrency
bitcoin value кран bitcoin ethereum telegram live bitcoin local bitcoin bitcoin instant bitcoin инвестиции
bitcoin fields
bitcoin информация bitcoin заработок battle bitcoin bitcoin 2x bitcoin wmx cryptocurrency market credit bitcoin bitcoin planet monero обменять testnet bitcoin short bitcoin monero pools bitcoin казино difficulty bitcoin cc bitcoin bitcoin kazanma bitcoin evolution bitcoin crash bitcoin алгоритм создать bitcoin reverse tether
bitcoin криптовалюта Journalists, economists, investors, and the central bank of Estonia have voiced concerns that bitcoin is a Ponzi scheme. In April 2013, Eric Posner, a law professor at the University of Chicago, stated that 'a real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion.' A July 2014 report by the World Bank concluded that bitcoin was not a deliberate Ponzi scheme.:7 In June 2014, the Swiss Federal Council:21 examined the concerns that bitcoin might be a pyramid scheme; it concluded that, 'Since in the case of bitcoin the typical promises of profits are lacking, it cannot be assumed that bitcoin is a pyramid scheme.'bitcoin кости Regulation: cryptocurrencies are currently unregulated by governments and central banks. There are questions about how this could change in this next few years, and what impact this could have on value.майнинг tether bitcoin lurkmore ethereum получить bitcoin перевести bitcoin buying бесплатный bitcoin
обмен monero инструкция bitcoin обмен ethereum chaindata ethereum A third reason is to build and participate in counter economics, which includes development of viable alternatives to banking systems, and development of alternative financial systems which provide the user with options for greater privacy or anonymity. Services like Silk Road and Black Market Reloaded made it possible to trade goods and services with little interference from the law. These are examples of centralized, and thus vulnerable, marketplaces, or tools. Similarly, web wallets employed by some Bitcoin users are also centralized and vulnerable. Decentralized and distributed marketplaces and currency exchanges are more difficult to target by law enforcement agencies and may provide more security to its end-users. An example of a decentralized and distributed marketplace in development is OpenBazaar or Particl.bitcoin зарабатывать
bitcoin etherium bitcoin обсуждение bitcoin maker Block 0 to Block 4,369,999: 5 EtherBut from an early age, we understand that money is good. We want it. We’re happy when we have it, and sad when we don’t. We learn that to obtain money, we must work for it, and as we leave *****hood we go to school for many years, and work very hard, so that we may be paid in dollars.bitcoin вход
all cryptocurrency magic bitcoin trader bitcoin bitcoin dat ethereum frontier dark bitcoin bitcoin cache bitcoin автосерфинг продам ethereum doubler bitcoin
bitcoin desk
abi ethereum исходники bitcoin
bonus bitcoin bitcoin okpay верификация tether bitcoin видео bitcoin валюты free bitcoin bitcoin eu бумажник bitcoin майнинг tether rx580 monero bitcoin microsoft курс ethereum flappy bitcoin bitcoin sphere LINKEDINThat’s your blockchain explained in simple words. So, now when someone asks you 'what is blockchain?', you have two strong answers to choose from.bitcoin поиск The typical process to deploy a contract accounts on the Ethereum blockchain works as follow:monero js fields bitcoin bitcoin fake
ethereum логотип
bitcoin grafik bitcoin перевод space bitcoin bitcoin cny bitcoin сервисы bitcoin mmgp ethereum forum bitcoin monkey bitcoin cnbc bitcoin usb gold cryptocurrency
bitcoin auction 100 bitcoin инвестирование bitcoin bitcoin курсы
bitcoin приложение ethereum windows dwarfpool monero incentive to act maliciously.bitcoin key windows bitcoin bitcoin казахстан bitcoin значок ethereum алгоритм видеокарты ethereum bitcoin base iso bitcoin пицца bitcoin bitcoin symbol in bitcoin monero кран bitcoin community bitcoin проверить
bitcoin ставки protocol bitcoin bitcoin london playstation bitcoin ethereum получить polkadot stingray bitcoin book терминал bitcoin bitcoin loto bitcoin spinner Tweetbitcoin keys bitcoin nachrichten captcha bitcoin time bitcoin
майнер ethereum bitcoin reddit bitcoin зарегистрироваться перспективы ethereum ethereum регистрация bitcoin etherium bitcoin сети bitcoin masters laundering bitcoin fox bitcoin gambling bitcoin the machines, and, similar to 16th century maritime trade, upon successfulbitcoin super bitcoin зарабатывать bitcoin cnbc ethereum ann bitcoin location программа bitcoin эфир bitcoin
moon bitcoin search bitcoin bitcoin nvidia bitcoin презентация обзор bitcoin
cubits bitcoin ethereum client bitcoin gadget purchase bitcoin
dance bitcoin bitcoin win падение bitcoin отзыв bitcoin As a second income, cryptocoin mining is not a reliable way to make substantial money for most people. The profit from mining cryptocoins only becomes significant when someone is willing to invest $3000 to $5000 in up-front hardware costs, at which time you could potentially earn $50 per day or more.bitcoin в bitcoin кошелек
The amount of calculations that a hardware box can make per second is known as the cash rate. The Antminer L3+ has a hash rate of 504MH/s, which will always solve the mining puzzle quicker than any other hardware on the market.node bitcoin ethereum виталий moon ethereum bitcoin satoshi
connect bitcoin bitcoin комиссия скачать bitcoin film bitcoin cryptonator ethereum bitcoin parser bear bitcoin bitcoin биржи платформу ethereum wordpress bitcoin описание bitcoin tails bitcoin fun bitcoin miningpoolhub ethereum casper ethereum bitcoin bux bitcoin покупка bitcoin fan кошелек ethereum биржи ethereum the ethereum micro bitcoin
иконка bitcoin
delphi bitcoin
bitcoin testnet bitcoin calculator bitcoin математика bitcoin cfd
добыча ethereum bitcoin добыча конвектор bitcoin bitcoin today flash bitcoin lurkmore bitcoin email bitcoin bitcoin подтверждение
bitcoin biz ethereum 4pda coin bitcoin moneybox bitcoin ethereum explorer monero майнеры supernova ethereum roboforex bitcoin
bitcoin price вывод monero pps bitcoin
bitcoin converter казино ethereum bitcoin options
bitcoin conf проект bitcoin bitcoin machine форумы bitcoin bitcoin конвертер bitcoin казино bitcoin алгоритм ethereum habrahabr tracker bitcoin bitcoin значок visa bitcoin github ethereum доходность ethereum андроид bitcoin shot bitcoin bitcoin софт bitcoin people dance bitcoin people bitcoin token bitcoin шифрование bitcoin bitcoin акции бесплатно ethereum nubits cryptocurrency
double bitcoin цена ethereum time bitcoin майнер monero eos cryptocurrency ethereum пул bitcoin space bitcoin jp
monero difficulty шахты bitcoin dorks bitcoin сложность bitcoin wiki ethereum bitcoin ann ethereum сложность difficulty ethereum
bitcoin cryptocurrency bitcoin instaforex bitcoin paypal
exchange bitcoin clockworkmod tether token bitcoin обмен tether bitcoin прогноз alipay bitcoin bitcoin cryptocurrency bitcoin billionaire 777 bitcoin bitcoin shops
bitcoin mmgp takara bitcoin bitcoin account
bitcoin блок
bitcoin видеокарты oil bitcoin arbitrage bitcoin
bitcoin investing иконка bitcoin ubuntu bitcoin майнинга bitcoin bitcoin fork ethereum упал bitcoin заработка
