Mining Topic - Our Suggestion

Litecoin was forked from Bitcoin, the cryptocurrency that started it all. It was designed as a kind of digital cash, and Litecoin came along a couple of years later as a lighter version (hence the name) in the sense that it would handle transactions more quickly and charge you less for the privilege.  In comparison, Ethereum looks totally different. It can be used to make payments but that wasn’t necessarily the intention when it was proposed. Ethereum began what’s known as the “Blockchain 2.0” era, where blockchain technology wouldn’t just be used for payments but could be leveraged to handle other tasks too.  &...   Read more

Bitcoin Cash (BCH) and Litecoin (LTC) are two respected cryptocurrencies that arose as competitors to Bitcoin (BTC). Litecoin came along two years after Bitcoin in 2011, and it’s been one of the top cryptos ever since. Litecoin also uses a proof of work mechanism to verify transactions, but its approach is a little different from Bitcoin’s and it’s notably faster at verifying them. Bitcoin was a pioneer, but it doesn’t scale well. Bitcoin Cash was created in order to address the problems it has coping with large numbers of transactions. Bitcoin Cash can fit more transac...   Read more

Litecoin vs Bitcoin... It’s been over 10 years now since some unknown group or individual (no one quite knows) going by the name of “Satoshi Nakamoto” created the digital currency Bitcoin (BTC). Something that started as a curiosity ballooned within just a couple of years into a global phenomenon. Bitcoin didn’t just dominate headlines and capture the imaginations of investors all over the world, it also inspired a whole raft of imitators too.  Charlie Lee used to be an engineer at Google, but he saw the potential of creating a fork of Bitcoin which he named Litecoin (LTC). Although it was based on Bitcoin it posse...   Read more

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

Cloud mining has become a common term in online cryptocurrency communities, and anyone with even a passing interest is sure to have encountered it at one time or another. In fact, some may even say cloud mining appears to have consumed the cryptocurrency world, with more and more users delving into it every single day. As a result, it’s getting harder to mine some types of cryptocurrencies, though Litecoin (LTC) remains a fantastic option for miners. And that’s why we’re going to explore Litecoin cloud mining in detail in this extensive guide: by the time you read the final words, you’ll be in a better position to try L...   Read more

Litecoin has become one of the biggest cryptocurrencies on the market since it was launched way back in 2011. It’s established itself as a terrific alternative to Bitcoin and other leading cryptocurrencies, climbing to within the top five based on market capitalization. More than $4 billion in LTC coins are in circulation, with more than 20 percent of the full supply still available to users. While Litecoin may lack the jaw-dropping prices of Bitcoin and the other top cryptos, it still holds a massive degree of interest, with seasoned crypto traders recognizing it as a viable replacement for Bitcoin. Sadly, countless miners feel they hav...   Read more

Charlie Lee is recognized as both the founder and creator of Litecoin. He was a graduate of the prestigious Massachusetts Institute of Technology (MIT) before becoming a computer scientist, with invaluable experience of working at one of the biggest software brands in the world: Google. He created Litecoin in 2011, probably with no idea how big it would become down the line. He also joined Coinbase in 2013, taking over as the crypto exchange’s Director of Engineering. In this role, Lee set his own work on Litecoin’s development to one side. He has since said that he felt his primary goal had to be helping people di...   Read more

You’ve heard of Bitcoin. But how about Litecoin? Litecoin is an open-source software, originally launched under the MIT/X11 licence and imposes limited re-use restrictions. This peer to peer cryptocurrency is considered to share similarities with Bitcoin, as it is a digital currency and offers a way to make payments digitally online. Furthermore, cutting-edge encryption technology is utilized to regulate Litecoin unit generation, and to ensure transactions or transfers are processed securely. While Bitcoin is the more famous of the two cryptocurrencies, Litecoin has still been on the market for some time — actually dating back to 2...   Read more