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Litecoin Mining In 2017

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make a Comeback in 2017 - Crypto Hustle 4 Reasons Why Litecoin Could Make a Comeback in 2017 Litecoin used to be a top player in the crypto space, branded as the silver to bitcoins gold. During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin. In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak. The price of LTC hit an all time high of around $50 on some exchanges. The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply. Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since. Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend. That said, its USD value has remained somewhat stable and consolidating within a tight range. Although litecoin hasnt been a very good market to trade for most of 2016, its possible that this rock is a sleeping giant ready to rise from its slumber. Here are four reasons why litecoin may hit a bullish trend reversal in 2017. Recently the Peoples Bank of China cracked down on major crypto exchanges. The result being that they stopped all margin trading and have eliminated the zero fees model. This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit. The only way to make profit on the spot markets is to buy low and sell high. Traders can no longer short by selling coins they dont have. If they want to be a participant in the crypto markets they need to own some coins. The larger bitcoin bull trend is still intact but likely due for several Continue reading >>

#1 Best Litecoin Mining Hardware Asics For Scrypt 2017 / 2018 (comparison)

#1 Best Litecoin Mining Hardware Asics For Scrypt 2017 / 2018 (comparison)

Jordan Tuwiner Last updated July 13, 2017 Litecoin hovered around $3 for a long time . Recently, it has surged to $45+ and with that price rise has come renewed interesting in Litecoin and Litecoin mining hardware. This article will cover the best Litecoin mining hardware that is available on the market. Before we jump in, know that you can use a Litecoin mining calculator to try and estimate your possibility of making a profit. You can put in hash rate and estimated electricity costs to try to guess your earnings and profit. The best Litecoin mining hardware on the market right now is probably the Antminer L3+ . It mines at 504 MH/s. The only issue is it does not ship until August or September 2017. Bitmain has always been a trusted Bitcoin mining hardware manufacturer. Lately, however, the company has come under heat for adding a backdoor to their hardware . No malicious intent by Bitmain has been proven, but this is still a risk to be aware of if you buy the hardware. There is a 180-day warranty in case your miner breaks or stops working for some reason. Also note that for this miner or for any other hardware, youll likely need a fan and some other mining equipment so the miner does not overheat. The miner consumes 1.6 Joules per Megahash (MH/s). You can buy the Antminer L3+ directly from Bitmain , or on eBay or Amazon. Litecoin is one of the most liquid cryptocurrencies. After Bitcoin, it is probably the most widely accepted and recognized. Despite this, there are other Scrypt currencies that may be more profitable to mine than Litecoin. This simply means that in USD terms some other Scrypt coin may be more profitable to mine than Litecoin at a given time. This constantly changes, though, since the altcoin markets are very volatile. You can mine a different scrypt Continue reading >>

What Is Litecoin And Why Is Ltc Price Going Up?

What Is Litecoin And Why Is Ltc Price Going Up?

What Is Litecoin And Why Is LTC Price Going Up? {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe Litecoin, an altcoin of the better known cryptocurrency Bitcoin, has soared to the record high of $290.99, a YTD increase of more than 4,000%, as listed on CoinMarketCap . Many are asking why the price of digital currencies has and is rising, whether Litecoins recent price increase is because of Bitcoin and if this bubble will burst. Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or altcoin has emerged to allow investors to diversify their digital currency package, according to Investopedia . Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoins 10 minutes. While this matters little to traders, miners who use hardware to run Bitcoins network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting, Investopedia explained. As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a Continue reading >>

Beginner's Guide | Litecoinpool.org

Beginner's Guide | Litecoinpool.org

So you've heard about Litecoin mining and you want to find out more. This page is for you. 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: or ).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. 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 producea 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 25 freshly minted litecoins. Every f Continue reading >>

Litecoin Beats Bitcoin's Price In 2018: But What Is It? | Fortune

Litecoin Beats Bitcoin's Price In 2018: But What Is It? | Fortune

With digital currency Bitcoin taking the spotlight in 2017, its hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin . The fourth largest digital currency by market capitalization has gone positively vertical this year, with Litecoin prices breaching $320 for the first time Tuesday. Since the start of 2017, Litecoin has risen 7,291% against bitcoins 1,731%. So why the rise? There doesnt seem to be a single eventthough the recent surge in interest surrounding cryptocurrencies may have pushed some investors into becoming more adventurous. Some investors may also think the price of bitcoin is overdoneand are seeking other investment opportunities. Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin forked off the Bitcoin ledger in late 2011. It was intended to be the silver to Bitcoins gold: a faster, more lightweight version of the Satoshi Nakamoto-created cryptocurrency. Instead of the approximately 10 minutes it takes for a Bitcoin transaction, a Litecoin transaction only takes 2.5 minutes. While making transactions four times faster, Litecoins creator also Charlie Lee quadrupled the maximum number of coins that can be mined. While bitcoin has a total of 21 million, Litecoin totals 84 million. And the total market value of Litecoin is currently lower: $18 billion to Bitcoins $291 billion. It is the fourth largest cryptocurrency market behind Bitcoin, Ethereum, and Bitcoin cash. The higher number of Litecoins, meanwhile, could make it psychologically more attractive to buy small-ticket items using the cryptocurrency. The vision is always I Continue reading >>

#1 Best Litecoin Mining Hardware Asic 2017

#1 Best Litecoin Mining Hardware Asic 2017

Litecoin is faster than Bitcoin , and focuses on smaller transactions. There will only ever be 84 million Litecoins mined. Some may disagree, but many draw the comparison that Litecoin is to Bitcoin as silver is to gold. One of the key differences between Litecoin and Bitcoin is the 2.5 minute time to generate a block, opposed to Bitcoins 10 minute block time . For miners, Litecoins different mining algorithm also plays a big part. Litecoin uses script, whereas Bitcoin uses the SHA-256 algorithm. Script relies heavily on lots of high-speed Ram, and is often referred to as the memory hard problem. While Litecoin mining is profitable, it may not be the best idea for those simply looking to acquire currency. If you just want cryptocurrency, it is probably a better idea to buy it. Mining hardware is very expensive, and unless you are mining on a large scale, its hard to turn a profit. For those looking to acquire cryptocurrency, buying Bitcoin is a better investment. Buy $100+ of Bitcoin and get $10 of Bitcoin free. Just click the button below! If you are interested in mining Litecoin, the best Litecoin mining hardware ASIC is probably the Antminer L3+ This miner is the fastest Litecoin mining ASIC on the market today. It can mine at a speed of 504 MH/s with a max power consumption of 800 W. As we have seen with other popular cryptocurrencies such as Ethereum , Monero , Dash , Zcash , and Bitcoin , mining profitability is always directly related with these factors. This Antminer is very similar to the Antminer S9 series. However, it is a bit taller than the S9 and has four hashing boards instead of three. Each hashing board requires two PCI-E power connections and one forward controller. That makes nine power connections total. While mining Litecoin may be profitable, Dash Continue reading >>

Best Method To Mine Virtualcurrency In 2017: Bitcoin, Zcash, Litecoin, Ethereum

Best Method To Mine Virtualcurrency In 2017: Bitcoin, Zcash, Litecoin, Ethereum

Best method to mine virtualcurrency in 2017: bitcoin, zcash, litecoin, ethereum When buying mining hardware became profitless for normal people, it started to appear a lot of websites that sold infinite mining contracts or for a period of time.If you do the proper math on those contracts, you will find that you will lose money and the best option is just to buy bitcoin (even if the price raises).So those "mining contracts" are in most of the cases a scam, even if they own the mining hardware. Today after several research we found a great idea, which is called nicehash . This website is not a mining contract, it actually connects the miner and the people that needs hash power.They provide a platform where buyers of hash can place a bid for certain amount of hashing power. Several people is doing SOLO mining while buying a lot of hash power to increase the chance of obtain the block solution. Nicehash can be very lucrative when you need a lot of hash power in short period of time and it can cost little money. We were doing some test from both sides, buying and selling hash power and the site is real. We also made several houndred dollars buying hashing power for certain moments where mining is the right thing to do. Here is the result of our mining rigs with 4 gpus, two rx 470 and two hd7950: Continue reading >>

Bitcoin Mining In 2017: How To Remain Profitable In Challenging Environment

Bitcoin Mining In 2017: How To Remain Profitable In Challenging Environment

Bitcoin Mining in 2017: How to Remain Profitable in Challenging Environment As technology improves and more efficient Bitcoin mining equipment developed, competition skyrockets. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. In the early days of Bitcoin, mining was performed by individual computers running the Bitcoin nodes as they compete to solve algorithmic problems while confirming transactions on the Bitcoin Blockchain. The fastest computer to solve a particular problem is rewarded with a specific amount of Bitcoin, and that is how new coins are introduced into the ecosystem, hence the term Bitcoin Mining. As time passed, Bitcoin halving factors in, technology improves and more efficient mining equipment developed. This gave rise to increased mining difficulty as the rate of competition skyrocketed. Instead of having millions of individual computers independently mining Bitcoins across the globe as is assumed to have been the original intention of Bitcoins creator, Satoshi Nakamoto, what is obtainable nowadays is the installation of massive mining farms. A Bitcoin mining farm is usually comprised of a huge number of processors, known as mining pools. These pools are interconnected to compete as a single unit in the transaction processing competition on the Bitcoin Blockchain. This, in essence, automatically makes it extremely difficult for small independent miners to carry out mining profitably. One major factor that determines the viability of Bitcoin mining is the return on investment (ROI). Jure Pirc sees Bitcoin mining in 2017 as a very challenging adventure. He notes that every person or company that decides to invest in Bitcoin mining must understand that the current ROI time for the most efficien Continue reading >>

Is Litecoin Worth Mining?

Is Litecoin Worth Mining?

Quote from: dejames on February 09, 2017, 12:36:19 AM What is the value of Litecoin nowadays and is it worth mining? What are the other types of cryptocurrencies worth mining? I would invite you to read up those forums and do a little research, all the infos are here, give it some time BTC - 1B1RBYkzxiTmrbnFe2vj8EaNPSYftW8186 for tips There are already a lot of virtual currencies generally more than litecoin You can start a virtual currency issue from where it becomes bitcoin If it were me, I would choose the virtual currency instead of the dollar litecoin zcoin I don't think you understand that you need ASIC now to mine Litecoin. You cannot mine it with GPU or CPU (technically you can but...) but whatever it's not profitable to mine in any case. If you support litecoin cause (yeah lol...) just invest in them instead sure it worth, it's profitable as hell these days, just grab some cheap old xeons, and you are ready to go, point to litecoin pool and you're done, but i would preffer to mine bitcoins with this gear, you know much profit though... Litecoin isn't worth mining OP. Use this site to see the most profitable coin: Though do some research on the coin first, because a lot of times the #1 is a shitcoin. Quote from: botmanside on February 09, 2017, 05:53:48 PM sure it worth, it's profitable as hell these days, just grab some cheap old xeons, and you are ready to go, point to litecoin pool and you're done, but i would preffer to mine bitcoins with this gear, you know much profit though... Not only what you said is completely false, you'd also prefer to mine Bitcoins? With some cheap old xeons? There'd be absolutely 0 profit from that. Did you just wake up from 2009? Continue reading >>

Best Litecoin Mining Hardware Asics For 2017 Litecoin Miner Comparison

Best Litecoin Mining Hardware Asics For 2017 Litecoin Miner Comparison

2017 has been a great year for Litecoin. It started the year around $3-4 per coin and has moved up and over the $50 mark in recent months. As a result, Litecoin mining has been quite profitable for anyone lucky enough to be mining Litecoin. In this article, we will look at what is currently the best Litecoin mining hardware ASIC. Unlike Ethereum, which you can mine on a DIY mining rig , Litecoin is mined using custom computer hardware specifically designed to mine Litecoin as well as other cryptocurrencies that use the scrypthashing algorithm . Currently, the best Litecoin mining hardware ASIC is the Antminer L3+ . It is designed and built by a trusted Bitcoin hardware manufacturer called Bitmain and is the fastest Litecoin miner on the market. The unit mines at 504Mh/s while consuming a moderate 800W of power or about 1.6 watts per mega hash. You can purchase the Antminer L3+ on Amazon or eBay . If you decide to purchase one or more of these units, you will need a power supply to provide power to the unit. I recommend the reasonably priced AntMiner APW3++ power supply .Pointing a box fan at the Litecoin miner for supplemental cooling is always a good idea as well. ASIC miners are also fairly loud (similar to avacuum cleaner noise) and producesa fair amount of heat as a byproduct of mining. Keep this in mind when you consider where to place your Litecoin miner in your home or office. For an idea of just how loud the Antminer L3+ is, check out the video below. Just be sure to turn your headphones or speakers down before clicking play. How much will the Antminer L3+ produce in Litecoin? You can use this Litecoin mining calculator , to check the current profitability. The current time to ROI as of the date this article was written, is a little over 100 days. When calculat Continue reading >>

Build An Ethereum Mining Rig

Build An Ethereum Mining Rig

Radeon R9 290x 28 MH/s using 280 watts As I mentioned above, you can choose to build your mining rig with a nice custom built case or you can save money and use a plastic storage crate or milk crate . Both work equally as well except one wont look nearly as good. But if you want something cool and professional looking, you can buy mining cases such as this one . The standard power supply in a desktop computer can be anywhere from 300W-500W. But when your mining and you are powering up to 6/7 GPUs, you want to make sure you have enough power. 1200W+ is what youre looking for and you want to make sure that it is Gold or better certified for efficiency. Also, modular power supplies allow you toconfigure your cables individually which helps greatly when building out your rig. Single 4GB DDR3 1600Mhz RAM is all you need. Nothing more. In order to mount the GPUs within the crate or case, youll need riser PCI cables to extend the PCI-e connection from the motherboard. Get as many PCI Express 1X to 16X Powered RiserCables as you can to match up with the number of GPUs you have. There are many different variants, like this one or this or this . Get a basic 60GB SSD or 120GB SSD drive for installing the OS and running your mining software. Youll need a basic Monitor and Mouse/ Keyboard combo to configure all the software and mining settings. Also, dont forget about a Kill A Watt usage monitor. Youll need at least one box fan per rig to make sure the GPUs do not overheat. If youre into Linux, Eth OS is a 64-bit Linux OS that mines Ethereum, Zcash, Monero, and other GPU-minable coins. If youre a windows guy, here is Windows 10 . If youre going to be using Windows, youll need mining software. Take a look at this Ethereum Mining on a Windows PC guide. Build an Ethereum Mining RigSte Continue reading >>

Gpu Mining: Back In Style?

Gpu Mining: Back In Style?

March 15, 2017 CryptoBadger 36 Comments Yes, its been awhile since Ive posted. =) The GPU mining craze all butdied three years ago with the rise of ASIC hardwarefor scrypt (litecoin) miners. But if the last few weeks are any indication, it looks like we may be in for a major resurgence in popularity. Bitcoin is currently trading at over $1200a roughly 400% increase in the past year. Equallyinteresting is the performanceof a couple alternative cryptocurrencies. Ethereum is at ~$32 (up 300% in the last year), with a market cap of $3 billionabout 15% of Bitcoin! Dash is at $100 (+250% over the last year, with much of that gain in the past week). Dash is based on the X11 algorithm, which means ASIC hardware dominates itsmining sceneand getting your hands on an X11-capable ASIC miner is currently fairly difficult, as theyre mostly sold out everywhere. But Ethereum is exclusivelyminable with modern consumer-grade video cards, and its currently quite profitable to do so. Read on for some back of the napkin numbers regarding Ethereum GPU mining profitability, and some current hardware suggestions. The easiest way to determine if GPU mining is going to be profitable for you is to use a calculator. For this purpose, Coinwarz is extremely popular,though I prefer the clean simplicity of this calculator . Open either link, and you can see that Ive pre-filled values of 150 MH/s, 750 watts, and $0.10/kWh for hashing speed, power consumption, and electricity price respectively. As of the time that this article was published, you could reasonably expect nearly $300/month profit, given these assumptions. Why these assumptions, you ask?Allow me to explain. My preliminary research leads me to believe that the two top options for GPU mining are AMDs Radeon RX 470 and Radeon RX 480 video ca Continue reading >>

A Closer Look At Litecoin Mining: Is It Worth Doing?

A Closer Look At Litecoin Mining: Is It Worth Doing?

A closer look at Litecoin mining: Is it worth doing? The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isnt content to just turn those mining rigs off not when theres an alternative currency available for which ASIC miners dont exist. That alternative is Litecoin and theres reason to think that buyers have emptied the shelves of AMDs Radeon hardware to build mining platforms. First off, theres the fact that over in the US at least you cant find a high-end Radeon in stock at the moment. Newegg and Amazon.com are both out of stock, while over at Amazon.com, the lowly AMD Sempron 145 a single-core, 2.8GHz chip with a $30 (18) price tag is the fifth most popular CPU. Further proof of this trend is the Litecoin network hash rate, as shown here: Clearly Litecoin miners are coming online, and theyre coming online en masse. Many of these are undoubtedly Bitcoin miners switching over now that GPUs are no longer cost effective, but some of these systems are probably driven by new miners. Litecoin, like Bitcoin, is a cryptocurrency, but its based on scrypt, not SHA-256. Scrypt is a different cryptographic algorithm thats purposefully designed to be difficult to parallelise. While that hasnt stopped it from moving to the GPU, it requires far more memory than Bitcoin mining several gigabytes worth, as opposed to several dozen megabytes. Litecoin confirms transactions faster (every 2.5 minutes, rather than every 10 minutes for Bitcoin) and it contains more Continue reading >>

Litecoin For Beginners: Everything You Need To Know

Litecoin For Beginners: Everything You Need To Know

Litecoin for beginners: everything you need to know Among the many alternative cryptocurrencies, or altcoins , that exist today, few have been around for as long and done as well as Litecoin. Created by former Google employee and Director of Engineering at Coinbase Charlie Lee, Litecoin was among the earliest forks of the Bitcoin Core client when it was launched in October 2011. The creators of this blockchain -based altcoin define it as a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. Since Litecoin is based on Bitcoins open source codebase it shares several features with the latter. Hence, many have been under the misconception that it is a mere clone that has no value of its own to offer. But thats not entirely true. Litecoin v Bitcoin. Whats the difference? The launch of Bitcoin as an open source software gave developers the opportunity to fork the original codebase and add whatever features they wanted; thereby creating a new cryptocurrency. And thats precisely what Charlie Lee did. Even before it was three-years-old, Bitcoin was being bogged down by a few pestering problems. Among them, the mostconstant were the long transaction times and the mining of bitcoins being skewed in the favour of mining conglomerates. Recognising the market potential of a cryptocurrency that solves these problems, Charlie Lee came up with Litecoin. The first problem Litecoin addressed was transaction time. While the Bitcoin network processes a block every 10 minutes, Litecoin does it every 2.5 minutes. This four-fold increase in block generation results in quicker transactions and enables the network to handle higher transaction volumes while scaling. Litecoin also has a maximum supply of 84 million tokens (four times that of Bitcoi Continue reading >>

How To Mine Litecoin And Other Altcoins

How To Mine Litecoin And Other Altcoins

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins , many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, well take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment. For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt. Row of Gridseed litecoin miners set up. Copyright: Arina P Habich Scrypt tends to be the more memory intensive of the two however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with yet. Perhaps surprisingly, its still possible to use just your computers CPU to mine some of the digital currencies. This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend. Before you start mining, you will need a wallet to keep your hard-earned coins in (see our guide to storing bitcoin ). A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit . The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while t Continue reading >>

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