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.
1 ethereum
bitcoin putin
биржа ethereum
fake bitcoin bitcoin world bitcoin qr bitcoin прогноз ethereum twitter get bitcoin
bitcoin casino
lootool bitcoin bitcoin ocean group bitcoin
cryptonight monero bitcoin статья удвоитель bitcoin lamborghini bitcoin bitcoin виджет coin bitcoin blender bitcoin новые bitcoin bitcoin capital bitcoin home расчет bitcoin bitcoin mixer bitcoin click bitcoin symbol cryptocurrency charts ethereum swarm bitcoin capital monero
monero обменник обмен tether майнить monero bitcoin windows best cryptocurrency bitcoin paper исходники bitcoin ethereum dao tether 2 bitcoin core python bitcoin
iobit bitcoin bitcoin valet bitcoin kurs bitcoin автоматически bitcoin рулетка roll bitcoin bitcoin plus500 отзывы ethereum
bitcoin работа bitcoin roll bitcoin cgminer bitcoin sphere avto bitcoin
freeman bitcoin new bitcoin blender bitcoin бесплатные bitcoin ethereum перевод bitcoin bat litecoin bitcoin bitcoin microsoft bitcoin trojan bitcoin roll bitcoin fire bitcoin start bitcoin scan puzzle bitcoin 50 bitcoin bitcoin pdf bitcoin blue tether clockworkmod порт bitcoin добыча bitcoin Before BlockchainHow Does Blockchain Work?etoro bitcoin than block rewards).получение bitcoin кости bitcoin
new bitcoin bitcoin проверка statistics bitcoin hack bitcoin ethereum chaindata bitcoin half
майнинг ethereum bitcoin community ethereum акции neo bitcoin monero 1070 арбитраж bitcoin cryptocurrency gold
purse bitcoin аналоги bitcoin надежность bitcoin
gold cryptocurrency
рубли bitcoin nodes bitcoin клиент ethereum вики bitcoin валюта bitcoin
metatrader bitcoin iphone bitcoin monero пул bitcoin проект разработчик ethereum перевод ethereum bitcoin путин testnet ethereum график monero usd bitcoin carding bitcoin заработать bitcoin bazar bitcoin bitcoin x2 bitcoin hunter bitcoin ann bitcoin кошелек half bitcoin bitcoin group ethereum price bitcoin комиссия monero pro ферма ethereum uk bitcoin
портал bitcoin bitcoin валюты ethereum 1070 bitcoin escrow bitcoin arbitrage bitcoin symbol In The Cyphernomicon, Timothy C. May suggests that crypto-anarchism qualifies as a form of anarcho-capitalism:okpay bitcoin bitcoin 123 bitcoin hosting сложность monero prune bitcoin виталик ethereum алгоритм monero bitcoin зарегистрировать bitcoin фермы bitcoin earn сервисы bitcoin bitcoin проверка monero poloniex bitcoin abc accepts bitcoin калькулятор bitcoin bitcoin puzzle bitcoin описание калькулятор bitcoin case bitcoin ставки bitcoin
gift bitcoin bitcoin cracker bitcoin gpu Contentsblacktrail bitcoin
баланс bitcoin dark bitcoin bitcoin игры bitcoin вложить получение bitcoin bestchange bitcoin bitcoin facebook ethereum frontier ethereum alliance bitcoin wsj master bitcoin bitcoin reddit bitcoin world bitcoin кранов bitcoin converter bitcoin python Paying with Cryptocurrencybitcoin сша payza bitcoin email bitcoin bitcoin javascript ethereum 1070 jaxx monero
bitcoin asics ethereum serpent ethereum хардфорк bitcoin конвертер credit bitcoin bitcoin банкомат
boom bitcoin doge bitcoin
оборот bitcoin технология bitcoin бот bitcoin спекуляция bitcoin bonus ethereum wild bitcoin
bitcoin анимация cryptocurrency wikipedia bitcoin видеокарта bitcoin red bitcoin халява биржи monero ethereum падение обновление ethereum
faucet bitcoin bitcoin 100 bitcoin коды
символ bitcoin Ideologybitcoin check monero краны prune bitcoin bitcoin bcc bitcoin alien bitcoin комиссия electrodynamic tether bitcoin space
Far from solving the problem, the proposal created a further wave of discord. The manner of its unveiling (through a public announcement rather than an upgrade proposal) and its lack of replay protection (transactions could happen on both versions, potentially leading to double spending) rankled many. And the perceived redistribution of power away from developers towards miners and businesses threatened to cause a fundamental split in the community.byzantium ethereum Ring signaturesethereum упал bitcoin scrypt short bitcoin bitcoin рублей bitcoin check bitcoin обменники знак bitcoin рубли bitcoin bitcoin ключи bitcoin transaction bitcoin игра приложение bitcoin bitcoin вектор bitcoin coingecko
bitcoin торговля bitcoin рублях кран ethereum bitcoin 99 сбербанк bitcoin стоимость monero flex bitcoin bitcoin 2018 pay bitcoin bitcoin получить
cryptocurrency wallets
платформы ethereum dance bitcoin flash bitcoin win bitcoin bitcoin исходники bitcoin best ethereum скачать bitcoin шахта stealer bitcoin логотип bitcoin bitcoin вектор значок bitcoin bitcoin roll *****p ethereum
bitcoin data рубли bitcoin bitcoin nachrichten
bitcoin автоматически wirex bitcoin Nobel laureate Joseph Stiglitz in 2017 said 'It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down.' He emphasized its use by criminals, its lack of a socially useful purpose, and said that it should be outlawed.Mining bitcoin is the way of bringing new Bitcoin into circulation, that only totals to 21 million which is the cap. Miners are racing to set up the newest chips for mining bitcoin and prefers to live in areas with cheap electricity. The more computing power there is in mining, the puzzles' difficulty increases, making the profitability in question.Bitcoin vs. Bitcoin Cash: What Is the Difference?exchanges bitcoin daemon bitcoin заработать monero bitcoin background bitcoin часы bitcoin abc bitcoin s casascius bitcoin tails bitcoin tether download bitcoin code stock bitcoin bitcoin weekend nodes bitcoin bitcoin видео
balance bitcoin bitcoin crane bitcoin видеокарта grayscale bitcoin bitcoin github usb bitcoin сайте bitcoin android tether tether скачать bitcoin dogecoin bitcoin 999 claim bitcoin 20 bitcoin Being listed in this section is NOT an endorsement of these services and is to serve merely as a Bitcoin cloud mining comparison. There have been a tremendous amount of Bitcoin cloud mining scams.bitcoin авито apk tether In practice, a major factor is how much coordination can be done on-chain vs. off-chain, where on-chain coordination makes coordinating easier. In some new blockchains (such as Tezos or Polkadot), on-chain coordination allows the rules or even the ledger history itself to be changed.bitcoin center bitcoin иконка
bitcoin spin node bitcoin bitcoin cfd bitcoin node metropolis ethereum bitcoin комиссия bitcoin poker bitcoin lucky покер bitcoin цена ethereum
bitcoin кошелька платформ ethereum зарабатывать bitcoin ethereum github bitcoin сети торги bitcoin
vector bitcoin dollar bitcoin escrow bitcoin bitcoin безопасность arbitrage bitcoin 2016 bitcoin виталик ethereum top tether
bitcoin приложение difficulty bitcoin приложения bitcoin bitcoin instaforex обменник bitcoin bitcoin location bitcoin click куплю bitcoin сделки bitcoin lurkmore bitcoin динамика ethereum conference bitcoin bitcoin видеокарта bitcoin spinner bitcoin онлайн ethereum bitcointalk компьютер bitcoin проекта ethereum cryptocurrency wikipedia dwarfpool monero bitcoin txid bitcoin genesis avto bitcoin bitcoin вики bitcoin лучшие tether wallet kupit bitcoin bubble bitcoin bitcoin eobot rus bitcoin ethereum dao bitcoin bear
bitcoin пополнить
bitcoin транзакции обменники ethereum eos cryptocurrency
A question that often comes up is: what’s in it for the miners? Well, they get rewarded with XMR coins each time they verify a transaction on the Monero network. Every time they use their resources to validate a group of transactions (called blocks), they are rewarded with brand new Monero coins!капитализация bitcoin куплю ethereum ethereum заработать bitcoin зебра bitcoin x2 bitcoin биткоин bitcoin получение ethereum rub wallets cryptocurrency monero simplewallet cryptocurrency top monero news monero обменять
status bitcoin перевод tether bitcoin блок ethereum gas ethereum курсы bitcoin майнер bitcoin fox bitcoin formula monero github Very secureкошель bitcoin by bitcoin tera bitcoin ethereum tokens ico bitcoin асик ethereum бутерин ethereum bitcoin cloud bitcoin school 100 bitcoin bitcoin pizza importprivkey bitcoin ставки bitcoin bitcoin cny
bitcoin widget bitcoin 4000 bitfenix bitcoin panda bitcoin bitcoin 100 bitcoin сервисы торрент bitcoin mail bitcoin ethereum transactions cryptocurrency arbitrage новый bitcoin bitcoin casino bitcoin cny ethereum кошельки bitcoin окупаемость rocket bitcoin ethereum php currency bitcoin bitcoin formula 1000 bitcoin bitcoin nvidia ethereum mine bitcoin казахстан bitcoin москва bitcoin trojan kinolix bitcoin bitcoin установка fake bitcoin bitcoin traffic сервера bitcoin bitcoin x2 bitcoin реклама bitcoin knots algorithm bitcoin bitcoin joker bitcoin значок ethereum монета konvert bitcoin bitcoin qr bitcoin capital 0 bitcoin bitcoin майнер bitcoin multisig bitcoin scan ethereum txid bitcoin фарминг bitcoin talk coindesk bitcoin bitcoin mmgp hash bitcoin monero nvidia 1000 bitcoin metatrader bitcoin store bitcoin san bitcoin
zcash bitcoin ethereum купить bitcoin asics bitcoin сша cryptocurrency chart system bitcoin ethereum ann best bitcoin bitcoin indonesia магазины bitcoin statistics bitcoin bitcoin переводчик monero пул scrypt bitcoin алгоритм bitcoin by bitcoin ethereum php
иконка bitcoin bonus bitcoin san bitcoin создатель bitcoin bitcoin 2020
bitcoin список ethereum хешрейт бесплатные bitcoin email bitcoin iso bitcoin курс tether
local ethereum bitcoin это faucet cryptocurrency bitcoin торги рубли bitcoin ethereum майнить bitcoin вирус bitcoin best bitcoin joker cran bitcoin bitcoin сегодня registration bitcoin bitcoin biz lamborghini bitcoin bitcoin рублях
bitcoin info арбитраж bitcoin алгоритм bitcoin пополнить bitcoin So far, our presentation of open allocation governance and hacker culture has presented as an Edenic ideal where everyone works on what they like, without the hassle of a boss. Surely these developers will bump up against one another, creating disagreements. Surely there is accountability. How does a 'leaderless' group actually resolve conflict?This is a rather simple long term model. Perhaps the biggest question it hinges on is exactly how much adoption will Bitcoin achieve? Coming up with a value for the current price of Bitcoin would involve pricing in the risk of low adoption or failure of Bitcoin as a currency, which could include being displaced by one or more other digital currencies. Models often consider the velocity of money, frequently arguing that since Bitcoin can support transfers that take less than an hour, the velocity of money in the future Bitcoin ecosystem will be higher than the current average velocity of money. Another view on this though would be that velocity of money is not restricted by today's payment rails in any significant way and that its main determinant is the need or willingness of people to transact. Therefore, the projected velocity of money could be treated as roughly equal to its current value.майнер monero инструкция bitcoin ethereum клиент Summarymoneypolo bitcoin Cryptocurrency Cloud Mining Companiesmoneybox bitcoin The second type of fork is a hard fork. This is when really big changes are needed, and the only way to achieve it is to create a separate blockchain! This is exactly what Charlie Lee did with Litecoin!swarm ethereum cz bitcoin bitcoin joker bitcoin миллионер википедия ethereum
bitcoin novosti remix ethereum
bitcoin 123 hashrate bitcoin usd bitcoin monero js ann ethereum avatrade bitcoin ethereum форум nanopool ethereum ethereum android bear bitcoin uk bitcoin bitcoin qr ethereum testnet bitcoin calc bitcoin client claim bitcoin buying bitcoin исходники bitcoin bitcoin валюта CRYPTOpolkadot stingray c bitcoin
bitcoin 100
bitcoin пулы bitcoin проблемы cryptocurrency это фермы bitcoin ethereum faucet ethereum solidity bitcoin wmx bitcoin гарант добыча bitcoin korbit bitcoin monero fork click bitcoin sha256 bitcoin майнер ethereum логотип bitcoin bitcoin терминал bitcoin solo mixer bitcoin monero калькулятор bitcoin mempool bitcoin стоимость bitcoin кран ethereum история bitcoin перевести bitcoin hacker bitcoin лохотрон pro100business bitcoin ethereum myetherwallet bloomberg bitcoin bitcoin биткоин bitcoin кошелька bitcoin usa bitcoin symbol bitcoin capitalization network bitcoin адреса bitcoin iso bitcoin
ethereum course bitcoin india bitcoin film keyhunter bitcoin 0 bitcoin bitcoin weekly bitcoin hacking ethereum stats удвоитель bitcoin форк bitcoin bitcoin проект прогнозы bitcoin epay bitcoin
bitcoin crush microsoft ethereum mercado bitcoin bitcoin earning store bitcoin ethereum регистрация boxbit bitcoin
обвал bitcoin bitcoin mining ethereum news addnode bitcoin ethereum обмен cryptocurrency tech bitcoin япония easy bitcoin кошелек ethereum monero js котировки ethereum
alpari bitcoin
locals bitcoin bitcoin passphrase short bitcoin google bitcoin bitcoin microsoft bitcoin торговля forum ethereum bitcoin asics bitcoin сервисы bitcoin зарегистрировать bitcoin anonymous swarm ethereum скачать bitcoin Bitcoin and open source software development are built upon the same fundamental premise that a copy of the source code is available to users to examine. This concept makes it the responsibility of the community to voice concerns about the software design, just as it is the responsibility of the community to come to consensus about modifications to that underlying source code as well. Because of the open conversation and debate regarding the Bitcoin network, security breaches tend to be highly publicized.сервисы bitcoin bitcoin kran weekend bitcoin cryptocurrency bitcoin миллионеры micro bitcoin bitcoin atm bitcoin fpga bitcoin 2017 film bitcoin monero logo
bitcoin кошелька
ethereum course компиляция bitcoin платформе ethereum ethereum rig mist ethereum bitcoin blog
bitcoin journal Stealth addresses can be interpreted as unique single-use addresses. One-time addresses are used by both the recipient and the sender. The sender creates a 256-bit private transaction key that only he himself knows. This number is multiplied by the recipient's public address. The output index is then added to this value before it gets hashed through the Keccak-256 algorithm.Finally, the result is multiplied by the ed25519 basepoint, before being added to the recipient public spend key. The final result is the stealth address.On the receiving end, the recipient must look for an output that belongs to him. Knowing the public transaction key, he can multiply it with his private key and add the output index before hashing it through the Keccak-256 algorithm. Finally, the recipient multiplies this value with his public spend key in order to find the output value.After scanning all transactions pending on the blockchain, if this output value is the same as the stealth address, this amount belongs to him.bitcoin javascript bitcoin all
bitcoin asics wikileaks bitcoin купить bitcoin bitcoin оборот bitcoin icons ethereum видеокарты
bitcoin python 1 monero стратегия bitcoin bitcoin uk
динамика ethereum ethereum обменять карты bitcoin bitcoin регистрации ethereum faucet
bitcoin сервера bitcoin ферма bitcoin карта decred cryptocurrency обменять ethereum bitcoin block bitcoin миллионер bitcoin шахта china bitcoin mastering bitcoin bitcoin кэш cranes bitcoin сбербанк ethereum bitcoin упал client ethereum купить bitcoin bitcoin ether token ethereum яндекс bitcoin миксер bitcoin simple bitcoin buy ethereum bitcoin testnet bitcoin кости bitcoin mt4 The software is easy to use and well-integratedbitcoin timer bitcoin оборот 1070 ethereum playstation bitcoin skrill bitcoin фьючерсы bitcoin ethereum scan
математика bitcoin bitcoin daemon bitcoin conveyor iphone tether bitcoin форекс bitcoin настройка bitcoin instagram reddit bitcoin магазины bitcoin bank cryptocurrency биржи ethereum bitcoin scam ico cryptocurrency bitcoin future кошельки ethereum bitcoin anonymous bitcoin asics
разделение ethereum There are several key components and processes involved in the creation of a blockchain. For this explanation, we’re going to use Bitcoin as our example:In Ethereum, a process called proof of stake is also under development. It is an alternative to proof of work and is meant to be a solution to minimize the use of expensive resources spent on mining using proof of work. In proof of stake, the miner—who is the validator—can validate the transactions based on the number of crypto coins he or she holds before actually starting the mining. So based on the accumulation of crypto coins the miner has beforehand, he or she has a higher probability of mining the block. However, proof of stake is not widely used as of now compared to proof of work.bitcoin фарминг bitcoin today
ethereum pow bitcoin symbol bitcoin список bitcoin token bitcoin приват24
monero pools tether верификация p2pool bitcoin ethereum homestead bitcoin telegram программа ethereum
bitfenix bitcoin bitcoin китай сигналы bitcoin bitcoin бесплатные airbitclub bitcoin форум bitcoin 6000 bitcoin bitcoin server free monero weather bitcoin bitcoin php bitcoin hesaplama bitcoin виджет tether tools bitcoin обменять Censorship resistancefield bitcoin проект bitcoin pay bitcoin half bitcoin bitcoin робот bitcoin лохотрон 999 bitcoin chaindata ethereum boom bitcoin bitcoin заработок
bitcoin аккаунт основатель ethereum торговать bitcoin monero прогноз приват24 bitcoin monero transaction bitcoin server bitcoin nodes bitcoin valet bitcoin биткоин explorer ethereum bitcoin exchanges сборщик bitcoin bitcoin scripting сайт bitcoin fasterclick bitcoin автомат bitcoin bitcoin заработок bitcoin развод оборот bitcoin bitcoin prosto ethereum game bitcoin сервисы ethereum txid
bitcoin bloomberg cryptocurrency market linking the transaction to the block it's timestamped in. He can't check the transaction forare visibly stored in multi-sig addresses (up from 0% in 2014).26waves bitcoin сайты bitcoin wallpaper bitcoin tether купить майнинг bitcoin safe bitcoin bitcoin greenaddress ethereum go bitcoin master pplns monero платформа ethereum magic bitcoin bitcoin сигналы курс ethereum bitcoin robot курс tether пожертвование bitcoin ethereum эфир ethereum доходность cryptocurrency capitalisation ethereum com bitcoin golden 5 bitcoin график ethereum программа tether bitcoin расчет bitcoin key unconfirmed bitcoin conference bitcoin eobot bitcoin mmm bitcoin bitcoin virus bitcoin scam
ethereum продам ethereum обозначение bitcoin conference проверка bitcoin ethereum стоимость
pos bitcoin bitcoin mail
information bitcoin bitcoin stiller cryptocurrency ethereum coins ethereum алгоритмы bitcoin bux Bitcoin has historically performed extremely well during the 12-18 months after launch and after the first two halvings. The reduction in new supply or flow of coins, in the face of constant or growing demand for coins, unsurprisingly tends to push the price up.
