Lightcoin BTC mining
Publish: 2021-04-09 20:11:02
1. Litecoin (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< What's the difference between lightcoin and bitcoin:
1. Transaction:
it's easier to use, larger in volume and greater in appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< mining:
special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.
1. Transaction:
it's easier to use, larger in volume and greater in appreciation potential. The block confirmation time is shorter, which is four times faster than bitcoin. For example, pizza owners are more willing to accept LTC payment to save transaction time< mining:
special algorithm creates the unique charm of LTC, which is also the key to stand out from Shanzhai coins. Scrypt algorithm uses sha256 as its subroutine, and scrypt itself needs a lot of memory, each hash is used as the input seed, and then needs a lot of memory to store another seed pseudo-random sequence, Generate pseudo-random points of sequence and output hash value. The key is that scrypt algorithm needs a lot of memory while sha256 algorithm does not. So in this era when BTC mining of graphics card is coming to an end, LTC mining is about to usher in a golden period of development. Because of the high cost of memory, any ASIC or FPGA has no advantage over graphics card mining. LTC has advantages, at least in the foreseeable future
3. The biggest threat of bitcoin is 51% attack:
some shanzhais are killed by 51% attack. To be honest, LTC is a worry for the development of LTC and BTC, of course. However, the specific problems they face are different: BTC can avoid 51% attack through technology upgrading (such as end block reconstruction, careful node upgrading, and calculation difficulty), However, there is no way to evade LTC technology. However, e to the scattered computing power of graphics card mining and the increasing difficulty, this problem needs to be paid attention to, but don't worry too much. With the use of ASIC in BTC, the risk of 51% attack is increasing. I hope BTC development team can solve this problem as soon as possible.
2. If it's an indivial, it's not recommended to dig by himself. Now it's all done by the team. It's better to pledge mining at the platform purchase point. You can learn about celletf platform.
3. It's hard to say. Anyway, lightcoin mining is basically no longer profitable, so is bitcoin. Some time ago, e to the sharp drop in the price of lightcoin, Zeus lightcoin cloud mining project has stopped mining. The mining of Laite coin is still so, and the mining of indivial investors is even more difficult. There are different opinions about the cost of bitcoin mining, some say 1500, some say 500. This has something to do with the performance and electricity price of the mining machine.
4. Lightcoin is a kind of network virtual currency based on PTP technology, which is second only to bitcoin in the global circulation market value. Inspired by bitcoin, the creation and transfer of lightcoin is based on an open source encryption protocol, which is not managed by any central authority
each litecain is divided into 100000000 smaller units, defined by eight decimal places. Lightcoin needs to be generated by "miner mining". Mining is done by hashing through computer graphics card. If the value of "mine explosion" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of Leyte coin is growing rapidly. The miners can't find the mine through several computers, so they need to join the mine pool. The mine pool gathers all the computing power of everyone, so the probability of finding the mine is greater
e to the popularity of bitcoin and lightcoin, many units, institutions or indivials proce money by imitating their principles in an endless stream. In order to regulate the operation of digital currencies such as lightcoin, the relevant departments of the state specially authorize and support the development of a series of training courses on digital assets and business value-added points, so that students can analyze objectively and invest rationally.
each litecain is divided into 100000000 smaller units, defined by eight decimal places. Lightcoin needs to be generated by "miner mining". Mining is done by hashing through computer graphics card. If the value of "mine explosion" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of Leyte coin is growing rapidly. The miners can't find the mine through several computers, so they need to join the mine pool. The mine pool gathers all the computing power of everyone, so the probability of finding the mine is greater
e to the popularity of bitcoin and lightcoin, many units, institutions or indivials proce money by imitating their principles in an endless stream. In order to regulate the operation of digital currencies such as lightcoin, the relevant departments of the state specially authorize and support the development of a series of training courses on digital assets and business value-added points, so that students can analyze objectively and invest rationally.
5. Litecoin is a kind of network currency based on "peer-to-peer" technology, which can help users pay to anyone in the world immediately
at present, lightcoin is the second virtual currency after bitcoin in global circulation market value. The legends of bitcoin, Wright silver, infinite copper and pennies aluminum (Internet) are popular in the circle
the popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency. At present, hundreds of digital currencies are issued all over the world
litecoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of litecoin is based on an open source encryption protocol and is not managed by any central authority. Litecoin aims to improve bitcoin. Compared with bitcoin, litecoin has three significant differences. First, the liteoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the output of litecoin network is expected to be 84 million litecoin, which is four times the amount of currency issued by bitcoin network. Thirdly, in its workload proof algorithm, litecoin uses the scrypt encryption algorithm first proposed by Colin Percival, which makes it easier to mine litecoin on ordinary computers than bitcoin. Each litecain is divided into 100000000 smaller units, defined by eight decimal places
lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine explosion" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of lightcoin is growing rapidly, and miner can't dig 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 ore pools abroad include wemineltc, coinotron, etc
at present, lightcoin is the second virtual currency after bitcoin in global circulation market value. The legends of bitcoin, Wright silver, infinite copper and pennies aluminum (Internet) are popular in the circle
the popular digital currencies in 2013 include bitcoin, Leyte coin, zeta coin, pennies (Internet), invisible gold bar, red coin, pole coin, barbecue coin and prime currency. At present, hundreds of digital currencies are issued all over the world
litecoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of litecoin is based on an open source encryption protocol and is not managed by any central authority. Litecoin aims to improve bitcoin. Compared with bitcoin, litecoin has three significant differences. First, the liteoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the output of litecoin network is expected to be 84 million litecoin, which is four times the amount of currency issued by bitcoin network. Thirdly, in its workload proof algorithm, litecoin uses the scrypt encryption algorithm first proposed by Colin Percival, which makes it easier to mine litecoin on ordinary computers than bitcoin. Each litecain is divided into 100000000 smaller units, defined by eight decimal places
lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine explosion" is calculated, the system will reward 50 lightcoin at one time. At present, the computing power of lightcoin is growing rapidly, and miner can't dig 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 ore pools abroad include wemineltc, coinotron, etc
6. All virtual digital cryptocurrencies, like bitcoin, have consensus algorithms, but not all consensus algorithms are realized by mining. Lightcoin was obtained by mining. The security of the algorithm is still very high, but the security of the storage is related to the storage mode. The security of the cold wallet is the highest, followed by the hot wallet. The security of the platform, the exchange and the like wallet is general, and the difference is very big.
7. Compared with bitcoin mining, lightcoin mining is relatively easy. Because the difficulty of mining is relatively low. But at present, lightcoin mining has graally entered the era of ASIC miner competition. The computing power is constantly rising, and the computing power of large mines is approaching 51%. If you want to carry out lightcoin mining, you must buy professional ASIC lightcoin miner. However, the price of lightcoin miner is generally too high, and there will be more ASIC lightcoin miner with high computing power in the future, Computing power is not constantly pushing up. This is the same as the era of bitcoin ASIC miner last year. Last year, Avalon miner was born, which completely subverted the bitcoin mining instry. With the help of roast cat, the computing power suddenly increased, and the graphics card mining completely went out of people's sight. Although there are many bitcoin ASIC mining machines, Avalon mining machine has always been unique and constantly launched its own new procts.
8. Negative or positive. It's too early to draw a conclusion. Take bitcoin as an example. The generation of bitcoin depends on mining constructed by special algorithms. In other words, it is difficult to supply money on a large scale. With the development of Internet in the future, virtual currency such as bitcoin will be useful, provided that this kind of development is expected by today's people. Real money can be obtained by doing something valuable to the society, which is completely different from the generation and acquisition of virtual money. Other similar virtual currencies in China are almost all pyramid schemes with virtual concept and financial packaging.
9. The two algorithms are different. I can't tell you the specific algorithm. If you dig for fun, I suggest you dig for Wright's coin.
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