";s:4:"text";s:2479:" What is Litecoin? Method 2: How to mine Litecoin using a mining pool. Why Mine Litecoin? By choosing Scrypt, Lee allowed litecoin to be mined on CPUs, but that didn't last long either. A Beginner's Guide to Litecoin Mining. You can either assemble a mining rig on your own, or you can buy a specially-made crypto … Litecoin, or the silver coin, is the most popular hard fork of Bitcoin. Just like its older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another.
Now you have to get your hardware. Install any necessary software. See the Litecoin Association's introductory video to Litecoin. How to Mine Litecoin and other Altcoins Cryptocurrency Although it is now too late to start mining bittoin without expensive ASIC processor for a long time, many alternative digital currencies are still suited for mining on their home PCs. Lee claims Litecoin as “silver to Bitcoin's gold" and the utility up to some level, in fact, justifies it as well. Select the hardware you’ll use to mine LTC, such as an ASIC miner or a GPU mining rig. This coin is based on the Scrypt algorithm, which is more memory intensive, thus allowing Litecoin mining with cheaper hardware. Soon GPUs were being used to mine litecoin as well. In 2011 Charlie Lee, then a Google Software Engineer developed Litecoin as a cloning effort of Bitcoin for better scaling prospects. So you've heard about Litecoin mining and you want to find out more. The best choice for mining would be the Litecoin core wallet, which was created and it is still supported by the Litecoin development team. Even after eight years, it is standing tall compared to efforts by others who too tried the same. Before starting anything, you first need to download and install a wallet in which you will store your Litecoin. Choose your mining hardware. Create a Litecoin wallet. In this article, we’ll explain how to mine Litecoin with maximum profit. Litecoin is a cryptocurrency like Bitcoin, though it uses some fundamentally different algorithms to process, called "Scrypt".Initially this made it easier for people with home computers to mine, but dedicated mining machines called ASICs can now process Scrypt coins like Litecoin, making it difficult to get in without a large investment.