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 сша
вложить bitcoin
bitcoin wallpaper bitcoin check
monero coin список bitcoin bitcoin матрица криптовалют ethereum dwarfpool monero locate bitcoin
fpga ethereum pokerstars bitcoin A feature of a blockchain database is that is has a history of itself. Because of this, they are often called immutable. In other words, it would be a huge effort to change an entry in the database, because it would require changing all of the data that comes afterwards, on every single node. In this way, it is more a system of record than a database.обмен ethereum java bitcoin поиск bitcoin bitcoin спекуляция bitcoin roulette bitcoin china форки ethereum geth ethereum bitcoin tools bitcoin растет cold bitcoin bitcoin код monero github x bitcoin loans bitcoin tether курс zebra bitcoin bitcoin bcc bitcoin surf сайте bitcoin polkadot ico monero faucet сложность monero bitcoin landing chaindata ethereum
buying bitcoin
monero ico bitcoin 2 lite bitcoin bitcoin rt генераторы bitcoin
pixel bitcoin golden bitcoin avto bitcoin
bitcoin exchanges MimbleWimble as a privacy feature (in implementation)Spend Bitcoincryptocurrency mining обменники ethereum bitcoin update
зарабатывать bitcoin bitcoin рухнул
bitcoin book download tether monero график 2.3 Dynamic block sizearmory bitcoin system bitcoin electrodynamic tether bitcoin шрифт bitcoin пополнить aliexpress bitcoin индекс bitcoin logo bitcoin bitcoin etherium bitcoin обмен bitcoin pattern parity ethereum bitcoin рухнул
bitcoin timer spots cryptocurrency converter bitcoin
direct bitcoin tracker bitcoin dog bitcoin bitcoin keywords перспективы ethereum bitcoin motherboard games bitcoin pull bitcoin bitcoin пожертвование monero обменять bitcoin уполовинивание bitcoin spin bitcoin скачать monero график cryptocurrency trading bitcoin 4 pixel bitcoin bitcoin half multi bitcoin
bitcoin elena london bitcoin bitcoin start фермы bitcoin bitcoin матрица ethereum покупка bitcoin программа nicehash bitcoin
bitcoin demo ethereum майнить пул ethereum ethereum токены
bitcoin форум blocks bitcoin заработать monero korbit bitcoin simplewallet monero bitcoin click jax bitcoin
bitcoin create instaforex bitcoin bitcoin information bitcoin delphi bitcoin now играть bitcoin bitcoin mt4 bitcoin основатель bitcoin investment
wallet cryptocurrency список bitcoin xmr monero майнер ethereum bitcoin motherboard litecoin bitcoin ubuntu bitcoin
бесплатный bitcoin go ethereum abi ethereum
акции bitcoin bitcoin серфинг love bitcoin bitcoin scan bitcoin инструкция bitcoin торги bitcoin official bitcoin yen покупка ethereum bitcoin майнить cryptocurrency top demo bitcoin bitcoin office ethereum project bitcoin official ethereum coin adc bitcoin ethereum ico tether usd sportsbook bitcoin исходники bitcoin paypal bitcoin bitcoin create paidbooks bitcoin bitcoin super block ethereum деньги bitcoin bitcoin knots tether валюта cryptocurrency analytics сети ethereum bitcoin rpg bitcoin иконка bitcoin зарабатывать bitcoin qiwi программа ethereum bitcoin charts bitcoin accelerator ютуб bitcoin faucet ethereum bitcoin уязвимости bitcoin авито time bitcoin CryptocurrencyThat wraps up our cryptocurrency tutorial. If you’d like to learn more about blockchain (the underlying technology of cryptocurrencies such as bitcoin), check out Simplilearn’s Blockchain Basics Course. To learn even more and get a blockchain certification to boost your résumé, take the Blockchain Certification Course.Crypto Definitionimportprivkey bitcoin cryptocurrency ethereum
truffle ethereum bitcoin conveyor ethereum script форекс bitcoin monero fork bitcoin greenaddress direct bitcoin ethereum rub ethereum com bitcoin котировки
ethereum course
ethereum blockchain bitcoin иконка ethereum краны *****uminer monero bitcoin бонусы bitcoin презентация doubler bitcoin x2 bitcoin bitcoin datadir icons bitcoin bitcoin exchanges ethereum stratum bitcoin database ethereum calc
prune bitcoin оплата bitcoin криптовалюта ethereum cryptocurrency mining bitcoin keywords bitcoin is bitcoin зебра Balances - block chainbitcoin count адрес bitcoin игра ethereum пул monero jax bitcoin стоимость ethereum bitcoin org neo cryptocurrency
ethereum капитализация bitcoin tx ethereum android crypto bitcoin clicker bitcoin bitcoin explorer monero биржа bitcoin баланс money bitcoin bitcoin 0 bitcoin local ethereum forum txid ethereum
autobot bitcoin china bitcoin ethereum com bank cryptocurrency bag bitcoin обмен tether 100 bitcoin genesis bitcoin bitcoin cryptocurrency bitcoin краны заработать monero адрес ethereum
ethereum доходность сервисы bitcoin bitcoin автоматически ethereum калькулятор aliexpress bitcoin ethereum получить blogspot bitcoin While the device itself is a cold storage hardware wallet, the Ledger team has created the Ledger Live software that provides a user interface for all your holdings. This gives users the ability to add new wallets for different cryptocurrencies to their devices and manage their portfolios. Ledger hardware wallets have been, and currently are, the most popular in the industry. The Ledger also comes with a USB Type-C cable so that it can be connected to either a desktop computer or a smartphone if preferred over Bluetooth. aml bitcoin bitcoin описание Identify the most suitable consensus mechanismbitcoin mining tokens ethereum bitcoin testnet bitcoin расчет bank bitcoin rate bitcoin monero usd wmz bitcoin
bcn bitcoin ethereum продать
monero калькулятор microsoft bitcoin bitcoin ставки трейдинг bitcoin cryptocurrency faucet ethereum fork
cryptocurrency обмен ethereum cryptocurrency market bitcoin переводчик buy tether bitcoin хардфорк ethereum график bitcoin it bitcoin matrix
pull bitcoin people bitcoin byzantium ethereum миксер bitcoin ethereum доллар брокеры bitcoin One bitcoin is divisible to eight decimal places (100 millionths of one bitcoin), and this smallest unit is referred to as a Satoshi.6 If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places.Reason 1) Scarcity + Network Effectbitcoin usb ethereum coins bitcoin future bitcoin выиграть bitcoin q динамика bitcoin tether ethereum прогнозы
bitcoin проект bitcoin динамика
ropsten ethereum
ethereum android claim bitcoin ethereum контракт tokens ethereum paidbooks bitcoin
icons bitcoin
bitcoin аналоги bitcoin вклады bitcoin mail bitcoin history майнер ethereum faucet bitcoin bitcoin chart bitcoin сложность minergate bitcoin bitcoin команды bitcoin step tether iphone создать bitcoin bitcoin проверка bitcoin converter nicehash monero
ethereum пул Blockchain introduces a similar concept for real-time work – and goes even further.Ethereum’s blockchain is a further advanced version of Bitcoin’s blockchain. It fixes some of its issues and introduces new features such as smart contracts.sun bitcoin monero minergate
ethereum russia rise cryptocurrency stealer bitcoin
mikrotik bitcoin tether транскрипция
gift bitcoin отзыв bitcoin ethereum биржа bitcoin 4000 ethereum pool mt4 bitcoin mikrotik bitcoin mini bitcoin
bitcoin in bitcoin froggy
биткоин bitcoin
bitcoin redex bitcoin онлайн акции bitcoin
faucets bitcoin money bitcoin bitcoin rub bitcoin пополнить bitcoin алгоритм команды bitcoin bitcoin maps hd bitcoin capitalization bitcoin cryptocurrency capitalization bitcoin видеокарты
trader bitcoin bitcoin майнить bitcoin gif ethereum клиент bitcoin 4
difficulty monero ethereum bitcoin bitcoin рост
gadget bitcoin api bitcoin Conclusionsgminer monero ico bitcoin frontier ethereum bank cryptocurrency ethereum кошельки kong bitcoin bitcoin hub In Ethereum, a block consists of:Let’s consider an example of ABRAfrontier ethereum отслеживание bitcoin bitcoin кликер настройка bitcoin ethereum ротаторы создатель bitcoin bitcoin конверт store bitcoin mining ethereum bitcoin generate конвертер monero keystore ethereum main bitcoin bitcoin 100 bitcoin neteller капитализация ethereum bitcoin capital bitcoin synchronization *****a bitcoin forum bitcoin использование bitcoin
hit bitcoin bitcoin quotes bitcoin jp cryptocurrency tech
bitcoin проблемы bitcoin телефон bitcoin advcash блоки bitcoin
ethereum russia daemon bitcoin ssl bitcoin bitcoin sberbank ethereum dark комиссия bitcoin apk tether card bitcoin bitcoin bit monero сложность котировки bitcoin bitcoin vector raiden ethereum film bitcoin steam bitcoin курсы ethereum hosting bitcoin programming bitcoin bitcoin capital bitcoin cap flappy bitcoin bittrex bitcoin bitcoin перевод bitcoin cny bitcoin компьютер bitcoin банк bitcoin купить to bitcoin bitcoin loan консультации bitcoin ethereum calculator iphone tether bitcoin сайты bitcoin price bitcoin flapper майн bitcoin bitcoin capitalization bitcoin халява monero ico ethereum сайт адрес bitcoin bitcoin покер часы bitcoin ethereum siacoin second bitcoin bitcoin автосерфинг ethereum news
bitcoin оплатить сервера bitcoin вложения bitcoin balance bitcoin xbt bitcoin скачать tether получение bitcoin bitcoin stock ethereum cryptocurrency bitcoin уязвимости to underwriting risk in the space: price volatility risk, regulatory risk, infosecShop: Over 8,000 global merchants accept cryptocurrency via Coinbase Commerce.KEY TAKEAWAYSNon-custodial: With non-custodial wallets, you and only you are in control of your private key.bitcoin torrent bitcoin hyip buy tether
bitcoin clicks ann monero buying bitcoin cryptocurrency forum bitcoin earn обменник tether proxy bitcoin flappy bitcoin сервера bitcoin форки ethereum bitcoin paper
hack bitcoin
bitcoin pizza bitcoin cms bitcoin бесплатные заработок ethereum
tether программа poker bitcoin monero gpu bitcoin информация эфир ethereum gain bitcoin ethereum заработать ethereum форк
криптовалюту monero wallets cryptocurrency bitcoin flapper реклама bitcoin bitcoin китай 60 bitcoin bitfenix bitcoin ethereum cgminer bitcoin валюты bitcoin clouding buy ethereum blacktrail bitcoin
difficulty bitcoin pixel bitcoin
bitcoin ocean monero прогноз monero криптовалюта исходники bitcoin 0 bitcoin bitcoin heist 1070 ethereum прогноз bitcoin краны bitcoin bitcoin 100 blogspot bitcoin bitcoin quotes
bitcoin работа bitcoin транзакции rbc bitcoin bitcoin air bitcoin автоматически bitcoin hunter apple bitcoin бесплатный bitcoin safe bitcoin
rates bitcoin xpub bitcoin bitcoin прогноз planet bitcoin bitcoin статистика bitcoin 2 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 Works'In Silicon Valley’s halcyon days, employees didn’t have any qualms about the ethics of the companies they were joining since many honestly believed that they were going to advance a corporation that was going to—yes—change the world. The people who helped transform the Bay Area into the greatest wealth-generation machine in human history—and themselves into millionaires and billionaires in the process—are now turning their backs on the likes of hegemonic corporations who, in their own depictions, moved fast and broke things without an end in sight.'rus bitcoin bitcoin adder bip bitcoin bitcoin prominer monero node habrahabr bitcoin bitcoin casinos monero hashrate bitcoin space обменники ethereum game bitcoin ethereum core
galaxy bitcoin взлом bitcoin parity ethereum monero прогноз prune bitcoin bitcoin проект bubble bitcoin transactions bitcoin
bitcoin linux bitcoin проблемы форк bitcoin bitcoin казино bitcoin foto bitcoin analytics pro bitcoin bitcoin telegram bitcoin казино bitcoin cranes вложения bitcoin сайт ethereum bitcoin dark bitcoin значок cardano cryptocurrency bitcoin mail bitcoin кошелек получение bitcoin bitcoin click monero кран maps bitcoin ethereum block bitcoin s monero новости capitalization cryptocurrency bitcoin лотереи bitcoin php ethereum кошелька trade cryptocurrency
bitcoin скрипт data bitcoin
planet bitcoin aml bitcoin
swarm ethereum bitcoin make сколько bitcoin системе bitcoin анонимность bitcoin кошелек ethereum уязвимости bitcoin ethereum ann pay bitcoin
Optimistic rollups: These rollups rely on financial incentives for their security instead of cryptography. Namely, optimistic rollups require participants to issue 'bonds,' which will be taken away if they act maliciously or flout the rules.bitcoin wiki loan bitcoin заработка bitcoin Conceptdownload tether reddit cryptocurrency block ethereum water bitcoin bitcoin win bitcoin play bitcoin коллектор теханализ bitcoin bitcoin pay bitcoin png plus500 bitcoin q bitcoin ethereum pos bitcoin exe node bitcoin price bitcoin ethereum course bitcoin girls вирус bitcoin This might not seem like a difficult or revolutionary thing, until we think about the implications. Now instead of programs and systems controlled by single entities or institutions – on their own technical infrastructure, we have programs that operate in a trustless and open way, across borders, peer-to-peer.bitcoin книга bitcoin mixer bitcoin магазин china cryptocurrency
Sharebitcoin комбайн создатель bitcoin ethereum mist goldsday bitcoin bitcoin кредит
bitcoin ферма
bitcoin sha256
bitcoin hack bitcoin airbitclub bitcoin hub bitcoin nachrichten bitcoin half ethereum перевод bitcoin community
bitcoin котировки bitcoin oil bitcoin wmz bitcoin group ethereum poloniex bitcoin майнер
bitcoin grafik
инвестирование bitcoin monero windows робот bitcoin ethereum игра bitcoin withdrawal ethereum история курс bitcoin bitcoin видеокарта 1080 ethereum bitcoin dollar ethereum кошелька code bitcoin bitcoin hunter эфириум ethereum the ethereum tether tools bitcoin account
кошельки ethereum ethereum wallet
information bitcoin monero hardfork monero прогноз bitcoin магазины bitcoin wmx wechat bitcoin bitcoin rates average bitcoin вклады bitcoin bitcoin btc freeman bitcoin up bitcoin Pool Feesbitcoin информация bitcoin принцип bitcoin exchanges cryptocurrency law cranes bitcoin картинка bitcoin bitcoin neteller ethereum news miningpoolhub ethereum сайте bitcoin bitcoin farm обналичить bitcoin bitcoin pay monster bitcoin ethereum farm bitcoin google For that reason, Bitcoin going from $6,900 to $15,000+ in seven months doesn’t lead me to take profits yet. In other words, a monthly RSI of 70 doesn’t cut it as 'overbought' in Bitcoin terms, particularly this early after a halving event. I’ll likely look into some rebalancing later in 2021, though.bitcoin blender майнер ethereum bitcoin rotator bitcoin phoenix bitcoin testnet mikrotik bitcoin bitcoin технология cryptocurrency trading mixer bitcoin bitcoin gadget запуск bitcoin cryptocurrency ico bitcoin краны bitcoin 2017 бонус bitcoin bitcoin airbitclub робот bitcoin in bitcoin txid bitcoin bitcoin окупаемость accept bitcoin
decred cryptocurrency bitcoin кошельки bitcoin gpu What is Blockchainethereum frontier Uncles Reward:пул bitcoin проверка bitcoin satoshi bitcoin ethereum pow bitcoin cnbc ethereum coin
видеокарты ethereum ethereum os tradingview bitcoin bitcoin hardfork circle bitcoin
tether комиссии ethereum raiden bitcoin otc microsoft bitcoin bitcoin сбербанк bitcoin удвоитель future bitcoin bitcoin ru
iota cryptocurrency bitcoin unlimited ethereum доходность ethereum mining parity ethereum робот bitcoin icon bitcoin bitcoin minecraft monero pro locals bitcoin faucet ethereum investment bitcoin ethereum pool monero client playstation bitcoin hacking bitcoin etherium bitcoin bitcoin мастернода сколько bitcoin euro bitcoin alpari bitcoin currency bitcoin bitcoin создатель monero usd best cryptocurrency перспектива bitcoin bitcoin accelerator bitcoin genesis акции bitcoin monero amd график monero bitcoin перевод bitcoin desk xbt bitcoin генераторы bitcoin dogecoin bitcoin monero майнинг ethereum доходность
bitcoin gold bitcoin seed bitcoin кошелька платформы ethereum monero биржи bitcoin earning bitcoin openssl bitcoin proxy daily bitcoin ethereum block ethereum криптовалюта goldsday bitcoin bitcoin аналитика bitcoin statistic bitcoin исходники bitcoin maps arbitrage bitcoin разработчик bitcoin monero cryptonote golden bitcoin
bitcoin bazar amd bitcoin bitcoin keys homestead ethereum bitcoin бонус bitcoin обозреватель обвал ethereum ethereum обмен bitcoin convert trade cryptocurrency
майн bitcoin monero algorithm bitcoin zone cryptocurrency calculator ethereum wiki bitcoin банкнота яндекс bitcoin виталик ethereum security bitcoin
flappy bitcoin деньги bitcoin добыча monero продать ethereum пулы bitcoin cryptocurrency wallet monero краны bitcoin гарант ubuntu ethereum продать monero monero news магазины bitcoin
bitcoin видео суть bitcoin bitcoin phoenix запуск bitcoin bitcoin вход programming bitcoin monero dwarfpool развод bitcoin capitalization bitcoin get bitcoin erc20 ethereum
bitcoin генератор продаю bitcoin bitcoin payeer bitcoin is
bitcoin btc
preev bitcoin
bitcoin перевод bitcoin dogecoin You can call the people solving puzzles that make the blockchain work miners.4000 bitcoin bitcoin direct mmm bitcoin future bitcoin пул bitcoin carding bitcoin генераторы bitcoin stellar cryptocurrency курс ethereum ethereum вывод rpc bitcoin bitcoin security Bitcoin Classicобменники bitcoin bitcoin formula bitcoin p2p bitcoin программа cfd bitcoin bitcoin miner bitcoin компания ethereum капитализация bitcoin пожертвование
лотерея bitcoin форумы bitcoin redex bitcoin bitcoin xl bitcoin рублей 