The founder of Leyte coin talks about the consequences

1. Lightcoin, foreign name is litecoin, referred to as LTC. In fact, this is another kind of virtual digital currency after the emergence of bitcoin. Lightcoin is a kind of "peer-to-peer" internet currency, which can help users pay to anyone in the world

in technology, lightcoin has almost the same implementation principle as bitcoin. It is based on an open source encryption protocol in the process of creation and transfer. Like bitcoin, lightcoin is also not managed by the central authorities

as we all know, bitcoin is proced through mining machine. The Leyte coin is also proced by "mining". In the whole mining process of Leyte coin, the computer graphics card will carry out the relevant hash operation. When our "miner" calculates the "burst value", you can get 50 Leyte coins. However, with the continuous growth of the computing power of Wright coin, it is not possible to use a few "mining machines" to dig Wright coin. Therefore, it can only be added to the "ore pool", so that all the calculation power can be collected, and the "ore burst value" can be calculated more easily

the expected total number of online currencies for lightcoin is 84 million, which is four times the amount of online currencies issued by bitcoin. We can use Leyte currency to exchange legal currency and bitcoin. In general, it is through online trading platform. Since the transaction of Leyte coin is irreversible, the revocable transaction cannot be carried out, because it will bring the risk of refund.

2. (1) Download the wallet software, install it, and close the wallet software after synchronizing data
(2) click system "start", "run", enter% appdata% in it, and then click OK (WIN XP and win7 systems both operate in this way), or press "win" key and "R" key at the same time to open the running interface
(3) after confirming the second step, open a file manager and display the interface as shown in the figure below. Find the folder named after the currency, litecoin. The data corresponding to the wallet software are all in this folder. Double click to open this folder
(4) configure the. Conf file
at the beginning, enter Notepad to confirm and open Notepad software, Input the following contents in it: ( the following code directly)
rpcuser = Test
rpcpassword = Test
rpcport = 11095
daemon = 1
server = 1
Gen = 0
testnet = 0
Listen = 0
maxconnections = 100
rpcallowip = 10.255.16. *

rpcuser, rpcpassword and rpcport can be modified or not, Rpcallowip needs to be modified according to your own situation. If your miner and wallet software are on the same machine, delete the line rpcallowip
after the file is modified, save it to the previous litecain directory with the file name of litecain.conf, or save it to the desktop, and then it
take the mining software cgminer as an example, modify the IP address of the pools part in the cgminer.conf file
URL part to the IP address of the machine where your wallet is located. Port 11095 is the port configured in litecain.conf just now. User and pass are the same, just keep consistent with the above configuration file< In addition, it is suggested to modify the values of the other two parameters as follows:
& quot; queue" : & quot; 0",< br />" scan-time" : & quot; 1",
after setting, run cgminer to start mining....

3. Lightcoin is a kind of digital virtual currency, which is similar to but different from bitcoin. These virtual digital currencies are calculated by mathematical algorithm program to get a series of numbers and letters. In order to understand the market of Leyte currency, we need to go to the professional Leyte currency trading platform for detailed and further understanding. At present, the domestic Leyte currency trading platform is more professional and formal

http://tieba..com/safecheck/index?url=x+Z5mMbGPAsY/M/Q/ +0F9cuoglZ0mWgPSsR2lbVfu3pr+xI3k4IPor+8Mx4Aubb13aBkT/9itqayQJ2Pah4egTNMg==

4. Bitcoin mine pool is a team mining server. Bitcoin generates a block every 10 minutes, and there will be tens of millions of people competing. In the end, only one person owns the block, and no one else receives anything. You may have to dig for five years to get a block
team mining means that once anyone in the team gets a block, the currency in the block will be distributed to everyone according to their performance, so that everyone can get bitcoin quickly. The same is true of the distance from the Leyte mine

if you have large-scale computing power, you can build your own mine pool. If you don't have it, you are advised to give up.

5. At present, the total network computing power of lightcoin is about 400g. It is impossible for any miner to achieve this calculation power. At present, the calculation power of the world's best lightcoin miner is less than 1G. It is estimated that such a high computational power is sky high

when Leyte coin was born, its founder claimed that Leyte coin was not suitable for AISC. Now, Leyte coin has fallen sharply, which has nothing to do with mining machinery manufacturers

I guess it's bitcoin miner. Miner with 400g computing power is very common. The mainstream Avalon 3 single-mode group 290g on the market, the price is only about 1800. The price of ant s3440g is 2550 yuan.

6. This is more than the founder selling his Leyte coins, which certainly has an impact on others.

8. Virtual currency was born in Europe, America and Japan, grew up in Europe, America and Japan, and broke out in China. It is China that has pushed bitcoin and other virtual currencies to a historical high, and it is also China that has brought bitcoin and other virtual currencies into new places and into the long-term winter. The over hype of bitcoin and other virtual currencies in China is not concive to the long-term development of bitcoin and other virtual currencies on the one hand, but also accelerates the spread of bitcoin and other virtual currencies on the other hand. At present, more than 60% of bitcoin computing power is in China, and more than 60% of transactions are in RMB. China occupies a leading position in bitcoin and other virtual currency markets. Most virtual currencies also have Chinese figures. For example, Li Qiwei, the founder of lightcoin, is a Chinese American. The Yuan Bao coin, Fuyuan coin and Zhaocai coin made in China are also authentic. Zeng Hongji's bitstock is also the project of Li Xiaolai. But it is worth noting that most of the research on virtual currency is not in China, and bitcoin related financing also occurs in European and American countries. European and American countries pay more attention to infrastructure construction and R & D, focusing on the future rather than immediate interests.