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For an investor, many of the basic elements of transacting with bitcoin and LTC are very similar as well. Both of these cryptocurrencies can be bought via exchange or mined using a mining rig. Both require a digital or cold storage 'wallet' in order to be safely stored between transactions. Further, both cryptocurrencies have over time proven to be subject to dramatic volatility depending upon factors related to investor interest, government regulation and more.Increasing the network's transaction processing limit requires making changes to the technical workings of bitcoin, in a process known as a fork. Forks can be grouped into two types:As the implications of the invention of have become understood, a certain hype has sprung up around blockchain technology.In the years since Bitcoin launched, there have been numerous instances in which disagreements between factions of miners and developers prompted large-scale splits of the cryptocurrency community. In some of these cases, groups of Bitcoin users and miners have changed the protocol of the Bitcoin network itself. This process is known 'forking' and usually results in the creation of a new type of Bitcoin with a new name. This split can be a 'hard fork,' in which a new coin shares transaction history with Bitcoin up until a decisive split point, at which point a new token is created. Examples of cryptocurrencies that have been created as a result of hard forks include Bitcoin Cash (created in August 2017), Bitcoin Gold (created in October 2017) and Bitcoin SV (created in November 2017). A 'soft fork' is a change to protocol which is still compatible with the previous system rules. Bitcoin soft forks have increased the total size of blocks, as an example.How Bitcoin Worksbitcoin программа ethereum asic портал bitcoin panda bitcoin ферма bitcoin bitcoin balance bitcoin airbit 16 bitcoin bitcoin space прогноз ethereum bitcoin paypal казино ethereum отзывы ethereum ethereum coins bitcoin вебмани

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Litecoin Hardware Equipment?
When LTC mining first began, it was possible to make good profits by using just a *****U (Central Processing Unit) and a GPU (Graphics Processing Unit).

This was great, as it meant you could invest really small amounts and still make money! However, it’s now possible to buy specialized Litecoin mining hardware called ASICs (Application-Specific Integrated Circuit)

ASICs are much more powerful than *****Us and GPUs, meaning that they will have a much better chance of winning the mining reward.

Imagine entering a Formula One race. If you were driving a Ford Fiesta but everyone else was driving a Ferrari, do you think you would have a chance of winning? You would have no chance!

Unfortunately, this means that it is no longer possible to use either *****Us or GPUs anymore as ASICs will always win the race!

If you want to mine Litecoin, you really need to consider the following piece of hardware.

Antminer L3+: The Antminer L3+ is by far the most powerful Litecoin mining hardware that you can buy. Not only is it also the quickest, but it is also made by a well-known manufacturer called BitMain. No other Litecoin mining hardware will compete with this.

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.

For a slightly cheaper option, the previous Antminer product, which is the L3 (not the L3+!) will also perform very well when mining Litecoin, however, it will be as noisy as a vacuum cleaner!

Don’t forget, if you don’t want to invest lots of money into expensive hardware, you can just cloud mine instead!

It's clear that the whole process of Litecoin mining requires lots of effort and finances, so you'll be happy to know that there's a so much easier way to obtain this cryptocurrency. Simply choose a secure cryptocurrency exchange and have Litecoin in your wallet in no time. At the moment, the most recommended platforms include Coinbase and Binance.



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