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Litecoin Mining South Africa

Bitcoin Mining South Africa - Home | Facebook

Bitcoin Mining South Africa - Home | Facebook

There's been a lot of fears regarding Bitcoins about stuff like SegWit (November), Forks (August 1st), and Bitcoin Unlimited (November). Mostly is due to mislea...ding information, partial information, and rumors. Here, I will cover what they mean, concisely. A "Fork" is a technical word used by developers in open source projects. All it means is a "software update", hence a possible "disruption" like what happens when your PC needs updated from older version to a newer version. There are 2 types of forks.. Hard Fork is mandatory. This requires critical updates and bitcoins, like programs, they NEED to have it in order to run flawlessly. This is GOOD thing for bitcoins long term. Soft Fork, as the name suggest, isn't mandatory and requires lesser update priority. Bitcoins and programs can continue to run, without disruption. Also GOOD for bitcoins long term. SegWit2 (soft fork) and Bitcoin Unlimited (hard fork) are 2 camps divided into what they need to do. Both options have equal number of pros and cons. Mostly has to do with Block sizing, and the fork of BTC and BTU. Depending on where you hold your Bitcoins one out of three things can happen: >All of your Bitcoins will become BTC only >All of your Bitcoin will become BTU only >You will have doubled your coins and get an equal amount of BTC and BTU This MAY cause the price of Bitcoins to drop significantly..at least initially. Overall, Bitcoins will continue to rise. For maximum security, if you have a lot of bitcoins, use TREZOR or Ledger cold storage. For small investors, use Electrum or Exodus, a self hosted wallet in which you have a private key to. Both of these options supports BTC and BTU. Second, get your bitcoins out of Coinbase, Kraken, BitPay, and BlockChain in which Roger Ver is heavily invested into. (Hi Continue reading >>

Bitcoin, Litecoin Or Ethereum, Which Cryptocurrency?

Bitcoin, Litecoin Or Ethereum, Which Cryptocurrency?

Which cryptocurrency should you buy?Bitcoin, Litecoin or Ethereum? Buy ethereum. The original and first virtual currency was the popular bitcoin. Created on 2009, it has become a sought after token, but there are other altcoins that should get some credit too. Litecoin was hot on bitcoins heels in 2011. This cryptocurrency was created by engineer Charles Lee, who was involved in building Coinbase. Litecoin has same code as bitcoin but with a few differences, specifically designed to address limitations of the two forerunners: speed of transactions and mining processes. Litecoin has the same foundation as bitcoin and is built on the same underlying code but with tweaked slightly. Litecoin is mined using the script algorithm, its roots are in mathematical computations that are easier than the ones used by bitcoin. Instead of using expensive mining rigs, you can mine Litecoin with a laptop or desktop computer with a good graphics card. In 2015, Ethereum entered the booming cryptocurrency market, utilising Bitcoins basic blockchain technology and Litecoins pursuit of faster transactions. There were a few tweaks such as, ability to process code known as smart contracts on its virtual peer-peer network, avoiding dedicated servers and mining rig. Soon many investors were keen to buy ethereum. Its easy to buy ethereum, once ether is bought for fiat currency, the funds can be held on the exchange or in your private wallet. Bigger purchases should be kept in wallet, while smaller amounts can be stored on exchange to be used with ease. Just like Litecoin, its foundation is same as the blockchain concept, with blocks and hashes. Ethereum has a unique feature. In 2014 funded through an ICO, it was said that ethereum fancies itself. It is not just a digital currency but also runs sp Continue reading >>

Litecoin Mining Boost

Litecoin Mining Boost

So, a few companies are making them. The most well know are: KnCMiner , Mining ASICs Technologies B.V. (MAT) and Alpha Technologies . Each company is taking pre-orders for its Scrypt miners and each company is promising to deliver the mining equipment this year. Whether this is good for Litecoin or not depends on your political stance. Litecoin was originally designed with Scrypt mining, so as to be resistant to centralisation.This means it would be fairer. There would not be a handful of large centralised companies controlling the mining power. With the rapid increase in value of Litecoin the incentive is there to build these machines. Of course, on the positive side, ASICs mean faster computations which mean a stronger, more robust and more secure Litecoin network. While all these companies are taking pre-ordersconsumers are encouraged to conduct all the necessary checks and due-diligence. Check the scam list on bitcointalk.org. It will be very interesting to see which companies deliver first and what effect it has on both the network and market. Should be an interesting year for Litecoin and Scrypt. Continue reading >>

Litecoin Miners - Bitmart

Litecoin Miners - Bitmart

Miner linking to Pool account and wallet (Please provide wallet details at checkout) Physical Inspection & Testing to ensure you get a 100% working miner. caption id=attachment_11221 align=aligncenter width=645 Bitmart Product Satisfaction Guarantee/caption Be the First to Know. Sign up for newsletter today Bitmart.co.za the leading Bitcoin Mining Hardware supplier in South Africa since 2015. Copyright 2017 Bitmart. All Rights Reserved - Website by Casson Media Due To Chinese New Year in February, Delivery Delivery Dates of imported goods are affected, please double check batch dates. Dismiss Continue reading >>

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Bitcoin & Cryptocurrency Mining Contracts | Genesis Mining

Its hard to review anything when not possible to use it yet due to purchasing with a credit card, but once I am able to use it I will update my review Been sold out of contracts for a while now and Im exited to have finally copped one before theyre gone. So happy for the wonderful opportunity to buy another Ether Contract. I love it - Thank You While we think that Ethereum may turn to POS in the coming future, we have a fantastic future to mine it at a profit with Genesis Mining. If it DOES go to POS instead of mining, then we can move to a variety of alt coins that are nearly as profitable and every bit as much fun. Give Genesis Mining a go and see why it is better than buying coins directly. I think that my purchase was a good thing. And this thing will bring me a lot of benefit. I expect to have a good return for this investiment. Finally the mining contracts are back. It's harder and harder to find mining contract and the Genesis Mining ones are the last decent ones around. Most of them will never payback. I'm using Genesis for 1 year right now and satisfied. Zcash cash priceis riseing, so this pachage is quite profitable, better than buing your own mining sistem at home. Even if PoS starts, there are alternatives.Because I heard that the reputation is good, I have decided mining for the first time as GenesisMining.I am looking forward to April when mining starts. I have bought the etherium and bit coin for the last two years.I am very excited and am very pleased to see the benefits.I have been informing others a lot and invested a lot of people.If I have a chance, I would like to invest and recommend more. I have ETH contract with Genesis for 2 years and one with same Hash rate with a competitor but 1 year contract. Genesis has consistently paid out more than the Continue reading >>

Litecoin Mining Ads | Gumtree Classifieds South Africa

Litecoin Mining Ads | Gumtree Classifieds South Africa

Bitmain L3+ Litecoin Antminer - Hardware Mining Antminer L3 Plusa.) Hash Rate 504MH/s. A variation of +/- 5% is expected. b.) Power Consumption 800W +10% (at the wall, 93% efficiency, 25C ambient temperature) c.) Power Efficiency 1.6J/MH +10% (at the wall, 93% efficiency, 25C ambient temperature) d.) DC Voltage Input 11.60 ~ 13.00V e.) Chip Type BM1485 Chip quantity per unit 288 chips on four hashing boards, 72 chips on one hashing board Dime ... Published in: Other Electronics , Gordon's Bay Package includes:2pc Gridseed Blade 5.2M-6M/s LTC miners4pc Usb Data Line for Blades4pc power line1pc Power 240 watt Published in: Other Electronics , Port Elizabeth Brand new Bitcoin antminer S9 and Litecoin L3+ mining machines. Arrived and still in box, with power supply unit and kettle cord.R45k each HashGains Litecoin Cloud Mining - To Make Money! Mining requires time and considerable effort for a miner to enjoy profits. Litecoin mining is the process of verifying the transactions in between two users without any intervention of the third party, be it government or financial authority. Currently, Litecoin can be mined through various methods, such as mining at your home, join a mining pool, and cloud mining.Considering various aspects Cloud ... Published in: Tax & Financial Services , Deneysville Antminer L3+. most powerfull litecoin miner currently available including power supply. Can be used to mine on nicehash then you get paid in BTC.Have it now for about 5 months and it still runs perfectly without any errors. Published in: Other Electronics , Northern Pretoria Litecoin Scrypter PRO 900MH/s Rack Mount Miner BrandMinersLabHashing Speed900MH/sHashing AlgorithmScryptPower Consumption830 WattsChip20nm HPP (High Performance Process)Data InterfaceUSB 2.0, Ethernet 100 MbpsWarr Continue reading >>

What Is Litecoin And How Does It Work?

What Is Litecoin And How Does It Work?

By Greg McFarlane | Updated December 12, 2017 10:36 AM EST There are 180 internationally recognized currencies in circulation, ranging from the Samoan tala to the Burmese kyat. Just like with regular currency, there are multiple cryptocurrencies too. Because it was the first, bitcoin gets all the publicity, but it competes against dozens of aspiring alternativesone of which is litecoin . Measured by market capitalization (or the amount of currency on the market), litecoin is the third largest cryptocurrency after bitcoin and XRP. Litecoin, like its contemporaries, functions in one sense as an online payment system. Like PayPal or a banks online network, users can use it to transfer currency to one another. Only instead of using U.S. dollars, it conducts transactions in units of litecoin. That is where litecoins similarity to most traditional currency and payment systems ends.(Related The 5 Most Important Virtual Currencies Other ThanBitcoin ) Like all cryptocurrencies, litecoin is not issued by a government, which historically has been the only entity that society trusts to issue money. Instead being regulated by a Federal Reserve and coming off a press at the Bureau of Engraving and Printing, litecoins are created by the elaborate procedure called mining , which consists of processing a list of litecoin transactions. Unlike traditional currencies, the supply of litecoins is fixed. There will ultimately be only 84 million litecoins in circulation and not one more. Every 2.5 minutes (as opposed to 10 minutes for bitcoin), the litecoin network generates a what is called a block a ledger entry of recent litecoin transactions throughout the world. And here is where litecoins inherent value derives. The block is verified by mining software and made visible to any miner who Continue reading >>

Bitcoin Mining Vs Litecoin Mining

Bitcoin Mining Vs Litecoin Mining

by Kateryna Iesypenko | Sep 12, 2014 | Analytics When analysing the development of Bitcoin and Litecoin mining, it is crucial to examine the interest in the mining process over time. According to the graph taken from Google Trends, timespan October 2013 to September 2014, we can observe a significant peak in December 2013 January 2014 in the fairly stable interest rate of cryptocurrency mining. This peak was caused by Bitcoins acceptance by several major mainstream companies (i.e. Overstock ), major investment in Bitcoin startups (i.e. Coinbase ), increasing coverage of Bitcoin-related news (Wall Street analysts) that cause the increase of Bitcoin price $1,200 per Bitcoin. In addition, we can see quite evident correlation between the interest in Bitcoin mining and Litecoin mining, which remains constantly proportional. When it comes to regional interest for Bitcoin mining and Litecoin mining, the geographical similarities are definitely present. Bitcoin mining is more heavily searched in US, Canada, UK, Norway, Sweden, Netherlands, Australia, New Zealand, Poland, South Africa, whereas Litecoin mining is more common in Canada, US, Sweden, Australia, Russia. In general, Bitcoin mining shows signs of higher popularity around the world. Mining as an industry and Bitcoin as a currency prevail in the search topics. In terms of queries, the interest and the necessity of making calculations significantly dominate, giving bitcoin mining calculator, mining calculator, and bitcoin calculator leading positions. Continue reading >>

Mine Cryptocurrency At A Fraction Of The Cost

Mine Cryptocurrency At A Fraction Of The Cost

Mine cryptocurrency at a fraction of the cost As Bitcoins value soared over the past few weeks so did most other crypto currencies. Bitcoin enjoyed an increase in price of 63% during the last month and trade volumes almost ten folded on our local exchanges. Another coin that is making serious waves is Litecoin at the moment. With over 162% growth in the last month after the announcement of the Segwit implementation. Bitmart has released the latest Litecoin Miners for order now from their site. Like Bitcoin, Litecoin also make use of ASIC (Application Specific Integrated Circuitry) Miners to mine the coin. Since Litecoins difficulty is still low the machines generate large amounts of Litecoin which in turn can then be sold on the local exchanges such as Altcointrader for ZAR and cashed out into your bank account. Litecoin currently at time of publish trades on Altcoin Trader at R475 stands at a trade volume of 437 Litecoin. The Litecoin Miner is typically used to generate Litecoin. When the Bitcoin dips a little, you can sell the Litecoin for Bitcoin on the exchange. After that, you can either move the Bitcoin into a VISA Debit card like the one on Spectro coin and spend the Bitcoin directly from the card or choose to sell the Bitcoin on Luno or Altcointrader for Rands, after which you can move it to your bank account. Ethereum also showed promise and spiked from as low as 47USD to over 100USD in the last month and is currently sitting at 90.20USD at time of publish with a growth of over 85% in the last month. Bitmart sells a host of GPU Mining Rigs that can be used to mine Ethereum and with the backing of Microsoft as well as some large banks developing smart contracts on the Ethereum Blockchain it shows loads of promise for the future and is an Altcoin to be kept a cl Continue reading >>

Litecoin Trading - How To Buy Litecoin? (tips) Avatrade

Litecoin Trading - How To Buy Litecoin? (tips) Avatrade

An open source internet currency that allows for instant, near zero cost peer-to-peer payments across the world. The Litecoin blockchain is capable of handling higher transaction volumes unlike its forefather the Bitcoin. This would be fairly due to its a more frequent block generation where the network supports more transaction without a need to modify any future software. As a result, merchants gain faster payment confirmations. Electronic mining of Litecoins currently allocates miners 50 new Litecoins per block, of which this amount is halved every 4 years or approximately every 840,000 blocks. The network for the Litecoin is set to produce 84 million Litecoins which sums up to 4 times the amount of bitcoin units. The distribution of Litecoins is done by wallet encryption, that secures the safety of the coins as well as allows you to view your transactions. Why CFDs make sense for Trading Litecoin: As CFDs allow you to speculate on the price of Litecoin future market movements, without physically owning the coin. Traders whether buying or selling are able to agree to pay on the difference on the price even if it rises or falls. In addition, they can to tap into the benefits and risks without actually owning the coin and benefit from: Security You dont have to worry about your Litecoins being stolen. CFDs are a derivative product . Your potential profits are based on the movement of the Litecoin price but no Litecoins are bought or sold in your name. Simplicity Buying cryptocurrencies directly can be complicated. With AvaTrade CFD trading its as easy as selecting Litecoin from a menu and clicking to sell or buy. Its so simple you can do it on your mobile or tablet too. Get leverage of up to 10:1 As a financial derivative you can trade CFDs on leverage , meaning you c Continue reading >>

Bitcoin Mining Hardware | Bitcoin Mining Hardware Suppliers In Africa

Bitcoin Mining Hardware | Bitcoin Mining Hardware Suppliers In Africa

Invest in a passive income today, we supply the most efficient hardware available on the market! With over 6000 Deliveries since 2015 stickwith the established Bitmart for all your Crypto Currency Hardware all in one place, tried and tested by the experts! Official Resellers & Distributors of KeepKey, Ledger, Canaan Avalon , Trezor, BitVault and Obelisk. Bitcoin is n Krypto Geld Eenheid. Dit is n digitale stoor van waarde. Dit maak gebruik van n kriptiese enkripsie tegniek om transaksies the encrypt.Daar is nie n enige Sentrale Bank of politike reguleerders betrokke nie. Bitcoin is dus nie onderworpe of blootgestel aan Sentrale Beheer nie derhalwe maak dit die betaaleenheid veilig en baie min vatbaar vir korrupte manilulasie. Bitcoin Mining, as its called, is a process where transactions that take place in Bitcoin, which gets added to the Bitcoin public Ledger by means of a 3-factor verification (each transaction is verified by 3 independent Bitcoin Miners). You earn the transaction feesthat accompany the transactions you verify as well as a portion of the block reward issued in relation to your contribution to complete the block, once the transactions are written into the block (the public ledger.) Bitcoin and other Crypto Currencies enable anyone the freedom to easily invest speculate and trade in these digital commodities from the comfort of your cell phone or Personal Computer. You can convert Bitcoin and other Crypto Currencies to Fiat Currency easily through a number of exchanges. Contact Bitmart today for a quote on Crypto Currency Mining Hardware to help you secure a passive income. Bitcoin is accepted in almost every country in the world You can trade your Bitcoin for USD, ZAR, EUR, YEN & more. Takealot.com, bidorbuy.co.za, superbalist.com, IBM, Microsoft, Vir Continue reading >>

How Not To Make Money With Bitcoin As A South African - Imod

How Not To Make Money With Bitcoin As A South African - Imod

HOW NOT TO MAKE MONEY WITH BITCOIN AS A SOUTH AFRICAN Let me warn you, this is going to be a bit of a rant and if youre not in the mood for one rather scroll down a little to where I want to offer some tips. Whilst the rest of the world made an absolute killing on Bitcoin yesterday thanks to China , most of us South Africans sat and watched with envy. See, China went ahead and does what China often does .. moaned about something Internet related. This time it was about Bitcoin and guess what happened? The price of Bitcoin plunged from $1200 odd down to around $560 over night. Of course, the price drop was caused through the fear of the general public, but those who do a bit of trading on any form of stock market will know that this is often a really good time to quickly snap up stock and thats exactly what we should have been doing. Ive learnt a fair bit about trading and one thing I try to do is predict what the general uninformed public will do and try to trade in and around them to my benefit. Anyway, China isnt the be all and end all, what they say isnt the last word and with the US releasing various statements about Bitcoin being a major player for eCommerce (amongst plenty of other things) is was blindingly obvious that the price would rise again as the dust settled. So, based on the reading Ive done and my understanding of Bitcoin and various market places I figured the price would move up from $560 to around half way between $560 and $1200 fairly quickly. When a stock is so volatile and large corporations are publishing all sorts of speculative information, the price is going to rise and fall a few times in the case of Bitcoin, because its unregulated, theres more chance of this rather than a stock which could do a huge drop and not recover so quickly. Being fa Continue reading >>

Litecoin Ads | Gumtree Classifieds South Africa

Litecoin Ads | Gumtree Classifieds South Africa

I have 4 x Alcoa aluminum truck rims for sale. They fit the 315 tires. (Not the 385)Still in very good condition.R7000 for all 4. Contact Deon on 082 870 8713Bitcoin, Bitcoin Cash, Litecoin, Dash, Ethereum, or Ripple also excepted. Published in: Heavy Trucks & Buses , Bellville Bitmain L3+ Litecoin Antminer - Hardware Mining Antminer L3 Plusa.) Hash Rate 504MH/s. A variation of +/- 5% is expected. b.) Power Consumption 800W +10% (at the wall, 93% efficiency, 25C ambient temperature) c.) Power Efficiency 1.6J/MH +10% (at the wall, 93% efficiency, 25C ambient temperature) d.) DC Voltage Input 11.60 ~ 13.00V e.) Chip Type BM1485 Chip quantity per unit 288 chips on four hashing boards, 72 chips on one hashing board Dime ... Published in: Other Electronics , Gordon's Bay Sour fig plants for sale. R15 each. Fish Hoek. 021 782 9299 Only 4 left!Collect in Fish Hoek avenues in the afternoon between 5 and 6.Grows well in sandy soil, in full sun and lots of wind - with very little water. This is the perfect plant for our dry conditions at the moment. It covers the ground and keeps sand from blowing into your house.Flowers spring to summer. We are not a shop or a nursery. We sell what we happen to have. For expert advice - or ... Published in: Garden Decorations & Plants , Fish Hoek Package includes:2pc Gridseed Blade 5.2M-6M/s LTC miners4pc Usb Data Line for Blades4pc power line1pc Power 240 watt Published in: Other Electronics , Port Elizabeth Brand new Bitcoin antminer S9 and Litecoin L3+ mining machines. Arrived and still in box, with power supply unit and kettle cord.R45k each HashGains Litecoin Cloud Mining - To Make Money! Mining requires time and considerable effort for a miner to enjoy profits. Litecoin mining is the process of verifying the transactions in between two us Continue reading >>

Guide: Build Your Own Litecoin Mining Rig

Guide: Build Your Own Litecoin Mining Rig

Guide: Build your own Litecoin Mining Rig Want to get into mining digital currency (bitcoins, litecoins, and/or other altcoins), but have no idea how to go about it? This guide will take a complete beginner through the various steps involved in building your own power-efficient ~1900 kH/sec litecoin mining computer. Guide: Build your own Litecoin Mining Rig 4/06/2017: This guide is nearlyfouryears old.While the Windows and Linux setup portions are still somewhat useful in a general sense, please dont attempt to buy any of the hardware recommended in part 1itsquite obsolete!If youre looking for information about modern GPU mining, please click here for my updated 2017 guide on Ethereum mining . Click the image or heading in each section to jump to that piece of the guide. Learn what components give you the best bang-for-the-buck when it comes to litecoin mining. See what youll need to pack multiple GPUs into a single computer for maximum efficiency. Then, follow a step-by-step guide on how to assemble everything into a plastic milk crate to facilitate airflow and cooling. Follow a detailed set of instructions that will have you up and running with Linux on your litecoin mining rig in about an hour. The guide is tailored to the complete Linux beginner and includes every single command that youll need to inputno guesswork or incomplete steps! If Windows is more to your liking, weve got a guide for you, too. Covers a complete installation from start to finish: BIOS settings, drivers, mining software, auto-startup, remote admin, and more. For more advanced users, undervolting your GPUs (to save power) is also included as an optional step in the guide. After youve got your litecoin mining rig running, check out the optimization guide for tips on getting the best performance Continue reading >>

How To Trade Litecoin

How To Trade Litecoin

Cryptocurrency has come a long way since Bitcoin burst on to the scene all the way back in 2009. Today there aremany different cryptocurrencies to choose from, all with their own specific designs and niches. Litecoin was designed to be the silver to Bitcoin s gold. Its one of the most popular cryptocurrencies available. So what makes Litecoin different than Bitcoin and is it worth trading litecoin? Lets start at the beginning by answering the question, what is Litecoin? Litecoin was the brainchild of a former Google employee Charlie Lee. The cryptocurrency went live on October 13th 2013 and incorporated some of Bitcoins code. There was no pre-mine and the launch was intended to be as fair to the community as possible. In 2013 Litecoin experienced fairly explosive growth and achieved a market cap of $1 billion. In 2017 Litecoin adopted SegWit and was the first cryptocurrency to make a transfer using the Lightning Network . Litecoin (LTC) is a decentralized, open-source payment network, or cryptocurrency. It allows you receive, store, and send money to other people. Its one of the three largest cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETC). Litecoin was designed to improve on many of the perceived failings of Bitcoin and to be the silver to Bitcoins gold. To this end Litecoin has a cap of 84 million tokens, this is in comparison to the 21 million cap used by Bitcoin. It also has a block generation time of 2.5 minutes compared to Bitcoins 10. The aim was to make Litecoin easier to obtain and trade than Bitcoin. Litecoin was also created with an aim to reduce the centralization of mining. The cryptocurrency was designed to use a code called Scrypt. This was designed to be more CPU friendly to encourage more users to mine and prevent ASIC miners dominatin Continue reading >>

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