Lettercoin machine
According to the current difficulty calculation, we can dig about 1.012 Laite coins a day. This is the average calculation result in the mine pool. If there is an efficient mine pool or solo, maybe more
litecoin (abbreviated as LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
design purpose
it is based on bitcoin protocol, but it is different from bitcoin in that even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin
related website community
< UL >official website of litecoin
official forum of litecoin
lightcoin China community
transactions
a peer-to-peer network similar to bitcoin handles lightcoin transactions, balances, and issues through a script workload proof scheme (when a sufficiently small hash value is found, the, A block will be created, and the lightcoin will be issued. The process of discovering the hash value and creating the block is called "mining"). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable for "mining" with graphics processor (GPU). FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin
currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million
client
litecain is a free software project released under MIT / X11 license, which allows you to run, modify and the software according to your own needs. You can also release a modified version of the software if you like
the software is released in a completely transparent form, and users can independently verify the binary version and the corresponding source code
mine pool
the lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoins at one time. At present, the computing power of lightcoin is growing rapidly, and the miner can't find the mine through several computers. Therefore, it is necessary to join the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher
at present, the well-known mine pools include BTCC (original bitcoin China) mine pool, waltc.net fish pool (f2pool), wemineltc, coinotron, silverfish, liteguardian, litecoin pool.org, etc. But at present, the highest income is f2pool. Recently, it launched lightcoin theory income + 10% of mine pool subsidy = your actual income, which has attracted the attention of many miners and the instry
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the world's main active countries, the exchange rate of digital currency <
symbol
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lightcoin
LTC
201 1
coblee
is
litecoin / org
~ $3.6 billion
is
script
data block chain
litecoin block chain, compared with its competitor bitcoin, can handle larger transaction volume. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future
as a result, businesses can obtain faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large value procts
According to the domestic bitcoin, lightcoin trading platform bitcoin China and fire coin network quotation: at present, the price of lightcoin is about 58 yuan
recently, e to the FBI auction of bitcoin and the rumor that the Bank of communications will thoroughly investigate the account number of bitcoin trading platform and the impact of bitcoin core developers' outcry for stagnation in the development of bitcoin basic protocol, the prices of bitcoin and lightcoin have dropped. Among them, the price of lightcoin has not been affected by the rising price of bitcoin. The price is moderate and keeps growing slowly. When the price of bitcoin falls, lightcoin still falls
extended data:
design purpose
based on bitcoin protocol, but different from bitcoin, even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units
one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin
recently, the state seems to have issued a document to cancel the bank accounts of major domestic trading platforms. Be careful.
at 11 a.m. yesterday, a reporter from Beijing business daily could still find nearly 300 results when searching for "bitcoin mining machine" on Taobao website. However, at 18 p.m. yesterday, a reporter from Beijing business daily searched again for the keyword with "bitcoin", and the page began to show: according to relevant laws, regulations and policies, it is impossible to display the relevant procts of "bitcoin". However, if you only search for "mining machine", more than 6000 bitcoin mining machine results will appear. Many sellers told Beijing Business Daily that they were not affected by the ban on Taobao
according to the "rules on the prohibition of new virtual currencies such as bitcoin" recently released by Taobao, the sale of Internet virtual currencies such as bitcoin and lightcoin will be banned. At the same time, the mining tutorial of bitcoin and other virtual currencies as well as the software and hardware such as bitcoin mining machine will also be banned. This rule has been implemented since yesterday
in fact, bitcoin mining machine is a machine that proces bitcoin by computing, which is essentially a high-performance computer, so it is called "mining machine". At present, there are many kinds of bitcoin mining machines on the market, and the prices range from several hundred to tens of thousands of yuan. A seller of a bitcoin mining machine on Taobao said that a bitcoin mining machine with a value of more than 10000 yuan can proce about 0.06 bitcoins a day, which is about 300 yuan at the current market price of 5000 yuan
but can the Taobao ban really stop the sale of bitcoin mining machines? A seller of Taobao told the Beijing Business Daily that their Taobao shop mainly exports mining machines to the United States, leaving several in China every day. Even if Taobao doesn't let them sell mining machines, they will still sell them to some old customers and some big customers in China in the future
market participants believe that since the ban on Taobao has not been in effect for a long time, there may be a small number of sellers who are still selling procts related to bitcoin, but this is only a short-term behavior, and bitcoin related procts should be withdrawn from Taobao soon
according to the reporter of Beijing business daily, Taobao's official punishment for shops violating the ban is also relatively severe. Taobao's relevant person in charge told the media that once the seller continues to sell bitcoin or bitcoin mining course, the seller will receive a 12 point dection. If the case is serious, the seller will receive a 48 point dection and close the store directly.
my view of bitcoin is that it is a very risky investment. Some scholars have pointed out that bitcoin is halved every four years, which was originally designed by Nakamoto. Moreover, Nakamoto has also designed the total amount of bitcoin, which has prevented inflation to a certain extent. However, it is precisely because the bitcoin reward of blockchain is halved every four years, so in 2016, after the price of bitcoin plummeted, it quickly recovered and reached its peak. Therefore, it can be said that this design of Nakamoto Tsung actually ensured that the value of bitcoin would not decline too much to a certain extent. Bitcoin has entered a crazy state since 2017. The price of a bitcoin once rose to more than US $20000, which caused many speculators to rush in. Bitcoin, based on blockchain technology, entered an oscillation period of decline at the end of 17. It once dropped to about US $5000 and rose to more than US $10000 after the Spring Festival. It can be seen that every time the price of bitcoin falls, there will always be a lot of money coming in to boost the price rise, and there will always be the shadow of operators behind
why is bitcoin so popular recently! Let's talk about my views:
first, there are a lot of myths about sudden wealth.
for example, the founder of reborn coin has become the richest man in the blockchain. Some people are worth hundreds of millions in a short time relying on bitcoin. In addition, people like baoerye are telling stories everywhere, from beef sellers to Rolls Royce mirage who can buy limited edition, Many people yearn for it
{rrrrrrr}
4. The title of bitcoin blockchain
the blockchain technology behind bitcoin claims to replace all centralized organizations, which is obviously a utopian plot, but utopia is often beautiful, although it can not be realized, but everyone goes for it
I think that bitcoin is actually a data logic in the guise of blockchain, and its existence foundation is very fragile. Once there is a problem, it will lose everything. Therefore, the risk of the currency market is too great, so we must be cautious if we want to enter the currency market