Mining algorithms Topic - Our Suggestion

What is the Litecoin Mining Algorithm?

Crypto mining machines utilize different algorithms to mine coins. As you may or may not know, Bitcoin uses the SHA256 algorithm for mining, while Litecoin relies on the scrypt algorithm for proof of work instead. Scrypt is a sequential memory hard function, and it demands greater memory asymptotically than Bitcoin does. The SHA256 algorithm isn’t memory hard or leak proof. As the Litecoin mining algorithm is scrypt rather than the SHA256 algorithm, those mining devices which comprise ASIC (application-specific integrated circuits) can be tough to put together. Sometimes, they m...   Read more