What is the difference between SHA-256 and Scrypt? - Quora

How do I mine Dogecoin?

How do I mine Dogecoin?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you!
Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
So, what is Dogecoin mining?
You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you!
So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started.
A (Very) Short History of Dogecoin
In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own.
Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved.
They decided to use a popular meme as their mascot — a Shiba Inu dog.

Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot!
Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome!
Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content.
Dogecoin has the 27th largest market cap of any cryptocurrency.
Note: A market cap (or market capitalization) is the total value of all coins on the market.
So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you?
Next, I want to talk about how mining works…
What is Mining?
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank.
Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks.
Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!).
Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.
Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”!

It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins!
Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered.
So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see…
What is Dogecoin Mining?
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is!
Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section.
Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations.
The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain.
Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
  • Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
  • Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
  • Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
  • Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin…
Mining Comparison
Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them.
Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium!
Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too!
Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars!
However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try?
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin
There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool.
Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally.
Dogecoin Mining: Solo vs Pool
When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin.
If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees.
As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about!
What You Need To Start Mining Dogecoin
Before you start Dogecoin mining, you’ll need a few basics. They are;
  • A PC with either Windows, OS X or Linux operating system.
  • An internet connection
  • A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet.
Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure.
There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core.
Now that you’ve got a wallet, you need some software and hardware.
Dogecoin Mining Hardware
You can mine Dogecoin with;
  • Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
  • A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
  • A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software
Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
  • CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
  • GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
  • Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool.
If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option…
Dogecoin Cloud Mining
Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you.
All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee.
There are pros and cons to Dogecoin cloud mining;
The Pros
  • It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
  • As a beginner, there isn’t a lot of technical stuff to think about.
  • You get a steady supply of new currency every month.
The Cons
  • Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
  • You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
  • Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
  • It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin?
So, Is Dogecoin Mining Profitable?
The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small.
However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin!
But why? Seriously…
Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved.
Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that!
Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
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Blockchain Dictionary for Newbies

Blockchain Glossary: From A-Z
51% Attack
When more than half of the computing power of a cryptocurrency network is controlled by a single entity or group, this entity or group may issue conflicting transactions to harm the network, should they have the malicious intent to do so.
Cryptocurrency addresses are used to send or receive transactions on the network. An address usually presents itself as a string of alphanumeric characters.
Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings.
Bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer.
Blocks are packages of data that carry permanently recorded data on the blockchain network.
A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain.
Block Explorer
Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hash rate and transaction growth.
Block Height
The number of blocks connected on the blockchain.
Block Reward
A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those.
Central Ledger
A ledger maintained by a central agency.
The successful act of hashing a transaction and adding it to the blockchain.
Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other.
Also known as tokens, cryptocurrencies are representations of digital assets.
Cryptographic Hash Function
Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 computational algorithm is an example of a cryptographic hash.
A decentralised application (Dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value.
Decentralised Autonomous Organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules.
Distributed Ledger
Distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. A distributed ledger does not have to have its own currency and may be permissioned and private.
Distributed Network
A type of network where processing power and data are spread over the nodes rather than having a centralised data centre.
This refers to how easily a data block of transaction information can be mined successfully.
Digital Signature
A digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity.
Double Spending
Double spending occurs when a sum of money is spent more than once.
Ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference.
The Ethereum Virtual Machine (EVM) is a Turing complete virtual machine that allows anyone to execute arbitrary EVM Byte Code. Every Ethereum node runs on the EVM to maintain consensus across the blockchain.
Forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network.
Genesis Block
The first or first few blocks of a blockchain.
Hard Fork
A type of fork that renders previously invalid transactions valid, and vice versa. This type of fork requires all nodes and users to upgrade to the latest version of the protocol software.
The act of performing a hash function on the output data. This is used for confirming coin transactions.
Hash Rate
Measurement of performance for the mining rig is expressed in hashes per second.
Hybrid PoS/PoW
A hybrid PoS/PoW allows for both Proof of Stake and Proof of Work as consensus distribution algorithms on the network. In this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners).
Mining is the act of validating blockchain transactions. The necessity of validation warrants an incentive for the miners, usually in the form of coins. In this cryptocurrency boom, mining can be a lucrative business when done properly. By choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income.
Multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction.
A copy of the ledger operated by a participant of the blockchain network.
Oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts.
Peer to Peer
Peer to Peer (P2P) refers to the decentralized interactions between two parties or more in a highly-interconnected network. Participants of a P2P network deal directly with each other through a single mediation point.
Public Address
A public address is the cryptographic hash of a public key. They act as email addresses that can be published anywhere, unlike private keys.
Private Key
A private key is a string of data that allows you to access the tokens in a specific wallet. They act as passwords that are kept hidden from anyone but the owner of the address.
Proof of Stake
A consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. The more you invest in the coin, the more you gain by mining with this protocol.
Proof of Work
A consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. The more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with.
Scrypt is a type of cryptographic algorithm and is used by Litecoin. Compared to SHA256, this is quicker as it does not use up as much processing time.
SHA-256 is a cryptographic algorithm used by cryptocurrencies such as Bitcoin. However, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains.
Smart Contracts
Smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network.
Soft Fork
A soft fork differs from a hard fork in that only previously valid transactions are made invalid. Since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. This type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version.
Solidity is Ethereum’s programming language for developing smart contracts.
A test blockchain used by developers to prevent expending assets on the main chain.
Transaction Block
A collection of transactions gathered into a block that can then be hashed and added to the blockchain.
Transaction Fee
All cryptocurrency transactions involve a small transaction fee. These transaction fees add up to account for the block reward that a miner receives when he successfully processes a block.
Turing Complete
Turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. An example of this is the Ethereum Virtual Machine (EVM).
A file that houses private keys. It usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for.
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Bitcoin vs Litecoin. Learn the differences.

Bitcoin vs Litecoin. Learn the differences.

Writing this predominantly for crypto-newbies. Newbies need to know the difference between bitcoin and litecoin and sometimes we forget how confusing this space can be for new individuals.
Litecoin isn’t that much different from Bitcoin. Matter of fact litecoin is often referred to as the silver to bitcoins gold. Litecoin was created in October, 2011 by Charlie Lee who at the time was working for Google. Charlie has stated that his vision for Litecoin is to be complementary to Bitcoin.

What are the differences?

At a fundamental level, the main difference between bitcoin and litecoin is the mining algorithm used to achieve consensus. Bitcoin uses SHA-256. Litecoin uses Scrypt. SHA-256 being the more complex of the two, however, SHA-256 is susceptible to ASICs (Application-Specific Integrated Circuits) and Scrypt (initially) was able to mitigate the effects of ASICs. An ASIC is hardware designed specifically to mine bitcoin. A miner who has access to ASICs has a competitive advantage over those who do not. For some time, scrypt wasn’t susceptible to ASICs which meant more individuals could participate in the mining processes of Litecoin (as opposed to pool mining or owning a large amount of ASICs) however, this has all changed as there are now ASICs available to mine scrypt currencies.

Differences Continued

Another technical difference between bitcoin and litecoin is the max supply of coins that can be mined. Bitcoin has a max supply of 21 million compared to litecoin’s 84 million. The means litecoin should always be cheaper than bitcoin (this is where the silver to bitcoin’s gold comes from).

Block time

Block time is another technical difference between bitcoin and litecoin. Block time is the average amount of time it takes for block to be mined. Bitcoin has a block time of ~10min compared to litecoin’s ~2.5min. This means litecoin transactions on average will be faster than bitcoin.
So that’s the main differences between litecoin and bitcoin. As you can see, not to much different although the faster transaction times via litecoin is definitely a bonus.
What do you guys think?

Related Links

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Letters from Santa Fe: Análisis detallado de Litecoin (LTC) por Blockchain Whispers

Resumen Ejecutivo de Litecoin (LTC)
Lanzada el 7 de octubre del 2011, popularmente conocida como la “plata de las criptomonedas”. Litecoin es una criptomoneda con una capitalización actual de mercado de más de $ 2.5 mil millones. Creado por Charlie Lee, Litecoin ha sido de gran utilidad para brindar mejores aplicaciones y avances tecnológicos a Bitcoin. Las actualizaciones importantes como Lightning Network se implementaron por primera vez en la red Litecoin. Esta configuración ha dado lugar a otro apodo popular como “prueba de Bitcoin”. Alcanzó un precio histórico de $ 360.66 el 18 de diciembre del 2017, Litecoin evolucionó como un “fork” de Bitcoin para resolver los principales problemas de software que fueron altamente debatidos. Esto permitió transacciones más rápidas y un período de tiempo reducido por transacción.
¿Que es Litecoin (LTC)?
Litecoin (LTC) es un fork de Bitcoin que rellena todos los defectos de Bitcoin. Litecoin emplea el algoritmo de prueba de trabajo con Scrypt. Scrypt permite el uso de hardware de poco requerimiento para la minería, lo que permite a los fanáticos de las criptomonedas utilizar su propias plataformas sin tener que configurar sistemas de minería que costarían miles de dólares. Litecoin, al igual que Bitcoin es un “activo deflacionario”. Para ponerlo en términos simples, con el tiempo se reduce la cantidad de bienes que se pueden comprar con una cierta cantidad de dinero. Litecoin ha ofrecido un excelente entorno para probar las funciones más nuevas que actualmente vemos en Bitcoin, como Segwit Witness (Segregated Witness) (Segwit) se implementó por primera vez en la red Litecoin. Independientemente del hecho de que la mayoría del código utilizado es similar al de Bitcoin, el equipo realiza un gran esfuerzo para introducir actualizaciones tan valiosas que lo convirtieron en uno de los líderes en esta esfera tecnológica.
Bitcoin (BTC) VS Litecoin (LTC)
Real Madrid – Barcelona, ​​Apple – Samsung, EE. UU. – China, India – Pakistán y muchos otros han vivido siglos de rivalidad por la superioridad. De manera similar, en la esfera de las criptomonedas, desde aproximadamente el 2011 hasta el 2015, Bitcoin y Litecoin fueron archirrivales.
Con el tiempo, esto se ha desvanecido, pero sigue vivo. La razón de esto sería las similitudes entre estas criptomonedas, y también la mejora del Protocolo de Litecoin. La nueva bifurcación de Bitcoin había superado algunos problemas clave que enfrentó Bitcoin. Por ejemplo, el consumo de energía en la minería de Bitcoin, que utiliza el algoritmo SHA-256, el cual consume mucha más potencia que el Scrypt que Charlie Lee ha implementado en Litecoin. Además, Scrypt hace que la minería sea aproximadamente 4x más rápida. Una de las diferencias clave que hacen que Litecoin sea mejor que Bitcoin, es la distribución de fondos para la minería. Charlie Lee era consciente de que la extracción ASIC de Bitcoin solo podía ser factible en una escala mayor. Dando así bitcoins a menos personas. En el caso de Litecoin, las computadoras normales se pueden usar, lo que facilita un acceso al público más amplio a dichos activos.
Bitcoin (BTC) Litecoin (LTC) Creado 3 de enero del 2009 7 de noviembre del 2011 Creado por Satoshi Nakamoto Charlie Lee Tiempo por transacción 10 minutos 2.5 minutos Recompensa por bloque 12.5 25 Límite de suministro 21 millones 84 millones Capitalización USD 63.66 billones 2.5 billones Valor de 1 en USD $ 3,630 $ 41.72 Historia de Litecoin
Los fundadores de Litecoin han sido extremadamente activos durante todo el período de desarrollo, la primera versión de Litecoin se lanzó el 7 de octubre del 2011 y la red se puso en marcha el 13 de octubre del 2011. Desde ese momento, no habido vuelta atrás. El primer intercambio atómico Litecoin / Bitcoin se realizó el 22 de septiembre del 2017 por Charlie Lee. El equipo siempre ha logrado mantenerse en la competencia a pesar de que cientos de proyectos se lanzan cada días.
Su Github se actualiza con frecuencia asegurándose de que todo funciona perfectamente. Ahora, Litecoin es una criptomoneda conocida y ha ganado una inmensa popularidad en la web. Se ha considerado como el líder en la nueva era de las transacciones digitales.
Actualización MimbleWimble
¿Qué es MimbleWimble? “Un nuevo protocolo para mayor privacidad”. https://www.intuitbit.com/mimblewimble-el-nuevo-protocolo-para-mayor-privacidad/
¿qué tiene que ver MimbleWimble con Litecoin?
Litecoin ha decidido colaborar para llevar esta increíble tecnología a su plataforma, lo que significa que pronto se podrá enviar Litecoins con mayor privacidad. Esta actualización se implementará con un soft fork y la ayuda de los cerebros en BEAM.
La mayoría de las monedas que vemos se utilizan generalmente para la transferencia de valor o para la privacidad. Litecoin se podría convertir en el próximo líder de las criptomonedas con una capitalización de mercado como la de Bitcoin. Es probable que Litecoin tenga las probabilidades más altas para recuperar el puesto número 2 en el CMC (Sorry Ripple y Vitalik Buterin).
Litecoin es un pedazo de pastel, Beam ya ha configurado todo en sus sistemas y solo necesita integrarlo en la red de Litecoin. Sinónimo de las criptomonedas, la privacidad se ha convertido en un factor en la mayoría de los proyectos que aparecen todos los días, lamentablemente, solo unos pocos logran mantenerse al día con la difícil tarea de defender su red de los piratas informáticos.
Zcash y Monero son algunos de los que se han mantenido firmes en los momentos más difíciles, lo que los convierte en una de las monedas de privacidad con mayor excitó. El hecho de que Litecoin esté en el Top 10 durante casi todo el tiempo, le da una gran ventaja, que a su vez podría aumentar el precio aún más. También, la posición que Charlie Lee ha ganado en las redes sociales, muestra claramente que puede proporcionar el combustible para la misión lunar. Independientemente del cambio de precio que traiga esta actualización, Litecoin será una de las principales criptomonedas con una red escalable y centrada en la privacidad sin distorsionar su objetivo inicial.
El futuro de Litecoin (LTC)
Si aún no lo has entendido, Litecoin tiene un futuro extremadamente brillante.
¿Quieres saber por qué?
Litecoin patrocinador UFC 232
La fundación Litecoin se convirtió en el socio oficial de una pelea UFC entre Jon Jones y Alexander Gustafsson. Lo hicieron una vez y lo pueden volver a hacer. Una organización que vale $ 7 mil millones está trabajando con Litecoin. Esto podría potencialmente convertirse en una asociación a largo plazo y muy valiosa.
Enviar y recibir Litecoin en Facebook
Sí. Lo leíste bien. Facebook Messenger se puede utilizar para enviar y recibir Litecoin. Esto se puede hacer utilizando Lite.IM, un proyecto que pretende hacer realidad los pagos por SMS. Ahora puedes decir que esto no es una característica oficial. En cualquier caso tiene un gran impacto. Mira la facilidad con la que se pueden hacer las transacciones. También obtenemos una audiencia más amplia de los miles de millones de usuarios en Facebook.
Litecoin se ha convertido en el único objetivo de Charlie Lee.
Dejó su trabajo diario en Coinbase y decidió volver al proyecto que lo llevó al puesto que ocupa actualmente, esto ayuda a crear un mejor código, actualizaciones más limpias y más asociaciones. También podría proporcionar la orientación para llevar el proyecto a otro nivel.
Adoptado por muchas organizaciones.
Bitcoin es demasiado lento para el uso diario. Ahora, obviamente, no querrás esperar 5 horas para tomarte un café. Grandes compañías como eGifter, Benz y Beamer, Ellenet y muchos más se han desplazado hacia Litecoin para los pagos. Esto también se ha visto en cafés y pubs más pequeños.
Allthingsluxury.biz vende joyería por LTC, ¿La inmobiliario es lo tuyo? Re / Max en Londres acepta Litecoin. Overstock.com es una de las compañías de comercio electrónico más grandes que aceptan Litecoin como pago.
UBER cuenta con el respaldo de Charlie Lee y Litecoin
$ 48 mil millones. Eso es lo que vale UBER. ¿Y adivina qué? Se presume que eligieron Litecoin sobre Bitcoin. Pero ¿por qué no utilizar Bitcoin? Lea su declaración oficial.
“No, desafortunadamente, no queremos obstruir la aplicación de usuario y solo admitiremos Litecoin por ahora. Se ha seleccionado porque es compatible con SegWit, tiene transacciones rápidas con tarifas bajas y su equipo de desarrollo muestra integridad. También estamos interesados ​​en aprovechar las próximas funciones que están agregando, como Lightning Network ”. Eso lo dice todo. Litecoin tiene un caso de uso masivo.
Puede tomar algún tiempo, pero Litecoin volverá a la sima. Transacciones más rápidas, una red más segura y más escalable en comparación con otras monedas, Charlie ya ha ganado el juego tecnológico. Las grandes multinacionales como Uber han elegido Litecoin (LTC). Travis Kalanick no da un paso en falso, el sabe que esto vale la pena. UFC pudo elegir cualquiera de las 2,000 criptomonedas, sin embargo, se conformaron con Litecoin. Tiene que haber algo que les haya llamado la atención. Litecoin podría subir hacia su último ATH más rápido que Bitcoin.
Mr. Bunny Chaser Blockchain Whispers Fundamental Analyst
D Man Blockchain Whispers Founder
Artículo original: https://blockchainwhispers.com/litecoin-price/
Letters from Santa Fe.
submitted by intuitbit_es to u/intuitbit_es [link] [comments]

InvestInBlockchain - Cryptocurrencies in the Top 100 With Working Products

Bitcoin (BTC)

Bitcoin is the cryptocurrency that started it all back in 2009, after the global financial crisis and subsequent bailouts of banks left many people disenfranchised with fiat currency and outdated, insecure financial infrastructure.
Today, Bitcoin is being used for peer-to-peer payments across the globe. More than that, though, it is leading the way towards a future in which financial technology is trustless, secure, resilient, and censorship resistant. Without Bitcoin, this list would not exist.

Ethereum (ETH)

The platform that brought smart contracts to the blockchain, spurring a minor revolution in the cryptocurrency ecosystem. Before Ethereum, Bitcoin and its transaction-oriented design was the central focus of most blockchain projects.
After Ethereum, teams saw the value of decentralized apps (dapps) and smart contracts, and shifted their focus to compensate.
Vitalik Buterin’s Ethereum whitepaper was released in late 2013. The project itself was announced January 2014, with a crowdsale the following July. The system officially went live in July 2015.
Since then, hundreds of businesses, individuals, and blockchain projects have adopted Ethereum as their main smart contracts platform.

Ripple (XRP)

Ripple is focused primarily on one thing: fast and cheap international transactions.
Current banking infrastructure has failed to evolve in the 21st century, such that it still takes 3-5 business days on average for an international transfer to be processed. With just 4 second transaction times and at a fraction of the cost of a wire transfer, Ripple’s working product is already impacting the banking sector.
The big knock against Ripple is that its native token, XRP, is completely unnecessary. Indeed, driving adoption of Ripple’s banking solutions is far easier than getting real-world adoption for XRP.
If you’re interested in seeing a discussion about how XRP adoption will occur, you might find this reddit thread worth a read. Meanwhile, all of us will just have to wait and see whether XRP adoption strategies ultimately come to fruition.

Bitcoin Cash (BCH)

Bitcoin Cash was created in 2017 when the first ever hard fork of the Bitcoin blockchain took place. The split was the result of Bitcoin’s 1MB blocks filling up. Transaction speeds were declining, fees were increasing, and it became clear to the community that the current model wasn’t sustainable for scaling.
In a move that still causes cryptocurrency fights to this day, Bitcoin and Bitcoin Cash soon emerged as separate but similar projects. BCH has 8x the block size of BTC, giving it roughly 8x the transaction throughput. Its fees and transaction times are much faster, as predicted.
Learn more about Bitcoin vs Bitcoin Cash.

Stellar (XLM)

The Stellar project and its associated Lumens (XLM) token was forked from the Ripple protocol in 2014. Stellar has come into its own since then, providing a blockchain connection service for fiat transactions between banks, payment systems, and people. Stellar is fast and reliable, and it works with practically no fees for the end-user.
Stellar is a payments system, meaning its job is to move money as efficiently as possible. Partnerships with banks and financial institutions were key in evaluating its status, as was the ability to actually send money using the network.
Several non-profits and commercial entities have agreed to use Stellar as part of their financial infrastructure. Recently, the team partnered with IBM and KlickEx to facilitate cross-border transactions in the South Pacific and announced an affiliate with Keybase to streamline international transactions.
Stellar also has projects being built on its network by major established entities. IBM’s blockchain division is using XLM for their payments infrastructure, for example, and the Veridium startup is working with both organizations to tokenize its carbon credits market.

Litecoin (LTC)

Litecoin is a Bitcoin fork that was created in 2011 by Charlie Lee as a cheaper and faster (2.5 minute block time instead of 10) alternative to Bitcoin. This is accomplished predominantly because Litecoin uses a Scrypt hashing algorithm instead of the SHA-256 algorithm used by Bitcoin. It’s common to hear Litecoin called “digital silver” to Bitcoin’s “digital gold,” and in reality Litecoin does not really expand upon the functionality of Bitcoin in a significant way so much as it makes different tradeoffs.
That being said, it does succeed in being cheaper and faster to use than BTC, which has led to it being accepted by hundreds of merchants and thus making Litecoin one of the most widely used cryptocurrencies for digital payments.

Tether (USDT)

Tether is an unusual project. Whereas most cryptocurrencies rise and fall in value, Tether was designed to stay the same, fixed at a 1:1 ratio with the U.S. dollar.
This allows users to store, send, and receive digital currencies across platforms without incurring significant losses due to value fluctuations.
The Tether stable coin sounds straightforward, but the project isn’t without controversy. USDT is supposedly backed by real USD sitting in a bank account. But in which account? Who controls it? And is Tether being used to manipulate the value of Bitcoin? It’s all part of the Tether controversy.

Monero (XMR)

Released in 2014 as a fork of Bytecoin, Monero has since made a name for itself as the most popular privacy coin on the market.
Most cryptocurrencies offer little in the form of anonymity. Monero was built for privacy from the ground-up, featuring stealth addresses, ring signatures, and complete coin fungibility. All of this adds up to a near-perfect cloak of anonymity, allowing Monero users to conduct transactions without exposing their identity.
Monero has had steady growth over the years thanks to a dedicated team of developers and an active community. The project continues to evolve with new privacy features and improved transaction security.


NEO was founded in 2014 as one of the earliest smart contract platforms, giving it a wide breadth of possible functionality. The platform’s strongest use case is digitizing traditional assets so that they can be easily tracked and exchanged on the blockchain.
NEO is also well-known as the “Chinese Ethereum,” and the fact that it is a Chinese-based project does seem to make Chinese dapp developers somewhat more likely to build on top of it than other platforms.
In fact, NEO has already supported dozens of ICOs and remains one of the predominant platforms for supporting smart contracts and dapps.

Binance Coin (BNB)

Binance Coin is an exchange token used to reduce trading fees on the Binance platform.
Users can opt to pay exchange, listing, and withdrawal fees using BNB and enjoy as much as a 50% discount on all charges. This turns out to be a powerful incentive for purchasing and holding BNB, as what trader doesn’t enjoy saving money on transactions?
Binance Coin is an ERC-20 token that runs on the Ethereum blockchain. Its purpose is extremely limited, but because such a vast number of Binance users transact with it every day, it qualifies as a working and active product.

Zcash (ZEC)

Zcash is another immensely popular privacy coin that often cracks the top 20 cryptocurrencies. It uses the tagline “internet money” and promises to fully protect the privacy of transactions with zero-knowledge cryptography.
Zcash provides anonymity by shielding transactions on the blockchain, preventing anyone from seeing the sender, recipient, or value of each transaction. The technology is so effective the Ethereum team is investigating it to enable anonymous transactions on their network.
Zcash has grown in leaps and bounds in 2018. The dev team published a roadmap through the year 2020, which includes a major features upgrade in the October 2018 Sapling release. Coinbase is also considering listing Zcash, which is a huge boost for any cryptocurrency.

Qtum (QTUM)

Qtum is a smart contracts platform similar to Ethereum, only with a stronger focus on value transfers and decentralized apps. It’s meant to be something of a hybrid between Bitcoin and Ethereum, allowing businesses to build smart contracts on the platform or just focus on cryptocurrency transactions.
Qtum launched in March 2017, and dashed straight to the top. The initial offering sold over $10 million in tokens after just 90 minutes. The project differentiated itself by providing a rare Proof-of-Stake smart contracts platform designed to compensate for some of Ethereum’s shortcomings, including lack of compatibility for mobile devices.
Qtum released its mainnet in September 2017, opening the doors to a fully functional smart contract and dapps platform. Several projects already have an established presence on the network. One of the more exciting ones is Space Chain, which aims to create an open-source satellite network anyone can use for data transmission, storage, and development.

0x Protocol (ZRX)

0x Protocol has one of the most important working products in the entire Ethereum ecosystem. It is a permissionless, open-source protocol that facilitates trustless exchanges of Ethereum tokens through relayers and dapps that build on top of the protocol.
Not only has 0x been providing this functionality for over a year now, but they’ve been working to expand the protocol functionality significantly since that initial launch. In 0x protocol 2.0 and beyond, it will be possible to trade tokens built on standards besides ERC-20, including non-fungible ERC-721 tokens.
In a market full of scams and vaporware, 0x’s valuable contributions to the Ethereum ecosystem have made it one of the best performing cryptocurrencies of 2018.

Bytecoin (BCN)

Bytecoin is another popular privacy-focused cryptocurrency with a strong community and user base. Transactions on the Bytecoin blockchain are instantaneous, untraceable, unlinkabe, and resistant to blockchain analysis.
Bytecoin has been around for a long time now, with contributions to the project beginning in 2012. However, that hasn’t stopped the project’s developers from continuously improving the product.
The recently updated Bytecoin roadmap has a hard fork for a consensus update scheduled for August 31, as well as numerous initiatives for community growth constantly in the works.

Decred (DCR)

Founded in 2015 by former Bitcoin developers, Decred’s most important working product is its solution to Bitcoin’s biggest problem. No, not scalability… blockchain governance.
You see, early Bitcoiners have been debating block size limitations and the efficacy of other scalability solutions like the Lightning Network for years, even though the problem of scalability really only became discussed in the mainstream in 2017.
With its community-based governance model and strong adherence to the core ethos of decentralization, Decred is built to evolve and improve rapidly. That means that it’s equipped to handle not only the scalability problem today, but other big problems that might arise down the line.
When you have poor governance, it is an arduous process making any upgrades to a project, no matter how necessary they may seem to the majority of coin holders. Decred’s best-in-class and still improving governance model give it an intriguing case to be a leader in digital payments for a long time to come.

BitShares (BTS)

BitShares aims to improve worldwide access to financial services via blockchain. The tagline “assist the unbanked” summarizes the project nicely. In practice, this translates to BitShares operating as a decentralized exchange, one that was built from the ground-up to avoid scalability issues and keep transaction fees low.
BitShares was launched in 2014 by Dan Larimer, who would then go on to take a lead development role in both EOS and Steem.
The current state of the project offers decentralized asset exchange, price-stable cryptocurrencies, recurring and scheduled payments, user-issued assets, and more, all available through a decentralized system powered by delegated PoS consensus.

Steem (STEEM)

Steem is the cryptocurrency that powers Steemit, a decentralized social media platform that incentivizes user participation through micropayments. Think of it like Reddit, only instead of just upvoting or downvoting posts, users can actually reward creators for their effort.
Steem is a functional cryptocurrency used exclusively on the Steemit platform. That gives it something of a limited use, but seeing as how Steemit is live and boasts a few hundred thousand users, it’s hard to argue it isn’t a working product. Some people may even be earning money using Steemit.

Siacoin (SIA)

Siacoin is one of the leaders in decentralized cloud storage, a more secure and affordable alternative to centralized cloud storage solutions like Amazon S3, Google Drive, iCloud, Dropbox, and others.
Sia 1.0 was launched in June 2016, and has achieved considerable adoption since then. With the $200 billion cloud storage market widely seen as one of the spaces most ripe for blockchain disruption, Sia has gotten off to a nice start by offering a functional decentralized cloud storage platform for over 2 years.

Augur (REP)

Augur is one of the most recently launched products on this list. The platform mainnet went live in early July 2018, bringing to fruition almost 4 years of post-ICO work.
Augur is a decentralized prediction market that uses game theory to generate crowd-sourced insights. Essentially, thousands of people working together have shown the remarkable ability to forecast outcomes.
With Augur, users can put REP tokens as bets on these predictions, essentially creating a form of “useful social gambling.”
Augur’s release was a long time coming. The project started as far back as 2014, nearly a year before the ICO. The creators cite the complexity of Augur’s smart contracts as the chief cause of the lengthy development time.
Regardless of its past, Augur is now a live product with a bright future. Over 300 predictions have already been made, with the largest winning payout hitting $20,000. Betting volume even exceeded $1 million within the first weeks of launch.

Basic Attention Token (BAT)

Basic Attention Token was one of the easiest projects to include on this list. That’s because its working product, Brave Browser, has more than 3 million active usersbetween its mobile and desktop platforms, making it one of the most widely-used working products in the blockchain space.
Not only is Brave Browser functional, it’s the only browser on the market that has built-in ad-blocking and tracker blocking, making the browsing experience both cleaner and faster than what you get with other popular browsers like Chrome and Firefox.
The future remains uncertain for the BAT token itself, as its adoption depends heavily on whether or not advertisers buy-in to the Brave model, as well as how willing Brave users are to be shown relevant ads and to pass along the BAT they earn to content publishers.
Given Brave’s success in just a short time since being launched, though, the future does appear promising for BAT.

Nano (XRB)

Nano (formerly RaiBlocks) is all about scalability. The coin has nearly instant transactions with a completely fee-less structure. The platform accomplishes this by creating a unique blockchain for every account, preventing bloat and allowing for practically infinite scalability.
Nano’s motto of “do one thing and do it well” has gotten them a long way. The team doesn’t have to deal with scaling or slowdown issues thanks to the underlying structure of the project, allowing its roadmap to focus on wallet updates and outreach. This is one cryptocurrency that’s essentially feature complete, and it has been for some time.

Golem (GNT)

Golem has set out to be the Airbnb of computing resources. Have you ever needed extra GPU power to finish up a render? How about processing scientific data similar to the [email protected] project?
Even if you don’t have those needs, a lot of groups do. Golem aims to provide easy access to those resources, all of which are rentable for a small cryptocurrency fee.
Golem hit the mainnet launch button in April 2018, and was met with a fair amount of fanfare. One of the main goals for the feature-incomplete launch was to push the product out so real users could put it to work.
The team was interested in strengthening their interactions with end users to help guide the future of the platform. The team has several major milestones planned for the coming months, so the mainnet release is only just the beginning.

Pundi X (NPXS)

Pundi X has been shooting up the market cap rankings so far in Q3 2018, and they also happen to have a working product that just recently became available to retailers.
The primary Pundi X product is a point-of-sale (POS) device that enables quick and easy mobile transactions for both fiat and cryptocurrencies. 500 POS devices are already being used by retailers in Asia, and there are thousands more scheduled to be distributed in the coming months.
In addition, Pundi X also offers XPASS cards, cryptocurrency credit cards that can work in place of mobile apps for making digital payments.
What makes the Pundi X project noteworthy is that it enables consumers to pay retailers in cryptocurrencies like BTC and ETH, and it immediately converts the payments into local fiat currencies so that retailers don’t need to worry about price volatility of the cryptocurrencies.
This makes it significantly easier for people to use cryptocurrencies in their daily lives, making Pundi X an exciting project for blockchain enthusiasts who are looking for signs of future mass adoption.

Waves (WAVES)

Waves was the first ever blockchain platform that made it possible for anybody — regardless of their programming experience — to create blockchain tokens. Additionally, Waves has a decentralized exchange where tokens can be traded and exchanged with fiat currencies.
Since the project’s first releases in 2016, Waves has gone on to make their DEX accessible from mobile phones and expanded its functionality significantly, while also building several strategic partnerships to help grow the Waves community and user base.
Ultimately, though, the Waves Client is the project’s most important working product, as it is what allows tokens to be issued, stored, sent, and exchanged among users.

KuCoin Shares (KCS)

Similar to Binance Coin, KuCoin Shares is an exchange token that can be used to pay reduced fees on cryptocurrency trades. KCS has the added bonus of paying dividends to long-term hodlers, as well, paying out a 5% ROI for most users.
The nature of KuCoin Shares is one of the reasons the KuCoin exchange has gotten so much attention since it appeared on the scene. The tokens themselves are limited in scope, of course, but the sheer number of people using them for trades and buying them for passive income is enormous.

Wanchain (WAN)

Wanchain aims to build new and improved financial infrastructure to seamlessly connect the digital economy through blockchain interoperability. The use cases for Wanchain’s network are vast, and they include decentralized financial services, supply chain logistics, medical data sharing and security, digital ID management, and more.
With the recently released Wanchain 2.0, it is now possible to transfer Ether cross-chain using Wanchain’s Ethereum Mapping Token, WETH.
Ethereum interoperability is just the start, though, and it’s expected that cross-chain support for Bitcoin and a couple of ERC-20 tokens will follow before the end of 2018.

Komodo (KMD)

Komodo is a fork of Zcash that uses the same zk-snark cryptography to hide information about transaction participants and amounts being sent. Functional privacy coins aren’t unique (there are a handful on this list) but Komodo does have some unique features.
For one, Komodo was the first ever decentralized initial coin offering. Moreover, Komodo helps other developers to build their own customizable blockchain solutions, from building and securing independent blockchains and launching decentralized ICOs, to integrating projects into the cryptocurrency ecosystem.
KMD would already qualify as a working product for its anonymity features on digital payments, but add the end-to-end blockchain building solution and it’s clear that Komodo is making meaningful contributions to the cryptocurrency ecosystem.

Ardor (ARDR)

Ardor is a scalable blockchain platform that allows businesses to create their own child chains and tokens with relative ease. This helps keep blockchain bloat to a minimum and provides multiple transactional tokens without sacrificing core chain transactions. It’s also a remarkably energy efficient platform that uses Proof-of-Stake to power consensus.
Ardor launched its mainnet on January 1, 2018 after a full year in testnet status. Its core features are largely in place, with the roadmap set to improve things like scalability and snapshotting.
The Blockchain-as-a-Service-platform hosts a few projects of its own, including the Ignis ICO, which was the first child chain on the mainnet.

Huobi Token (HT)

Huobi is a digital asset exchange platform founded back in 2013, now offering well over 250 different trading pairs. The Huobi Token, meanwhile, is an ERC-20 token that is used on the exchange for discounts on trading fees of up to 50%.
In addition, 20% of the income generated on the Huboi Pro trading platform is used to buy back HT on the open market.
Unlike most buyback programs, the main purpose of Huobi’s program isn’t to reduce the circulating supply of HT. Rather, the HT that is bought back goes into a Huobi Investor Protection Fund, which is used to compensate Huobi users if they lose coins or tokens on the platform, as well as to ensure market stability and protect investor interests.

ZenCash (ZEN)

ZenCash is yet another privacy coin with a working product in the Top 100, originally launched in the first half of 2017.
What makes ZenCash unique is that it’s the first blockchain with Transport Layer Security (TLS) integration for node encryption, making communication on the ZenCash network both private and highly secure.
Some other interesting parts of the ZenCash product include Tor nodes and built-in chat messaging services. In the future, the ZenCash team will deliver a DAO Treasury Protocol-level Voting System as well as a scalability solution to handle greater transaction volume.


PIVX is another privacy coin that focuses on keeping users and their associated transactions hidden under a cloak of secrecy. The project also tries to keep transactions as fast and fee-less as possible, something not all privacy platforms can boast about.
PIVX launched in January 2016. The coin is currently spendable and delivers the privacy features it promises, though it’s not yet a widely accepted currency by merchants.
Future plans for PIVX include governance functions to engage the community, wallet voting, and its own zPIV decentralized exchange.

Kyber Network (KNC)

Kyber Network launched their mainnet in Q1 2018, enabling instantaneous and secure inter-token settlements through a Decentralized Liquidity Network.
It’s currently possible to swap ERC-20 tokens on the network with just a few mouse clicks, giving it some basic functionality that is already being used to improve liquidity for Ethereum tokens.
In the future, however, Kyber Network will expand its functionality significantly in an effort to seamlessly connect dapps, DEXes, protocols, payment systems, token teams, investors, fund managers, and digital wallets.

Bancor (BNT)

Bancor is a liquidity provider that enables users to exchange tokens without the need for a third-party to be involved in financing the transaction.
Gaining liquidity is incredibly important for young cryptocurrency projects, as a lack of liquidity makes it risky for investors to buy a considerable amount of a given coin or token, knowing that it might be exceedingly difficult to sell should they wish to.
Bancor’s technology makes it possible to convert one token to another, so that investors can be confident that they won’t be stuck involuntarily holding a cryptocurrency that they want to sell. This functionality makes the Bancor Liquidity Network one of the most promising working products on this list, and one that has already achieved a good deal of adoption.

Loom Network (LOOM)

Loom Network is still less than a year old, having been founded in October 2017. However, they have accomplished a lot in that short time span, including having launched numerous tools to help software developers learn how to build blockchain solutions.
The most important of these tools — and Loom’s biggest working product — is the Loom software development kit (SDK).
However, Loom Network is far more than just a simple blockchain coding academy. It is also a production-ready scalability solution for Ethereum, as the Loom developer toolkit helps programmers to build highly scalable dapps which connect to the Ethereum blockchain through special side chains called DappChains.
The project may still be in its infancy, but Loom Network is already contributing more utility to the cryptocurrency ecosystem than the vast majority of other cryptocurrency projects.

Polymath (POLY)

Polymath wants to be the world’s go-to resource for security tokens on the blockchain. What Ethereum did for tokens, Polymath will do for securities.
The advantages of this are enormous, but the Polymath team likes to point to 24/7 market access, the elimination of middlemen, and trading access for 2 billion unbanked people around the world as the chief benefits of their efforts.
The Polymath platform launched in October 2017, and has since released a new security token every week, attracting investors and traders alike. It’s not as exciting of a project as some other blockchain tech, but it’s delivering on its promises with a working product.

Bibox Token (BIX)

Bibox is a encrypted digital asset exchange whose primary differentiator from other crypto exchanges is that it integrates AI technology.
The purpose of the AI is to help Bibox’s traders, which it does by providing quantitative computation and analysis of trading activity, personalized risk allocation strategy, speech recognition, and objective analysis of the various coins and tokens listed on the exchange.
The Bibox exchange first launched back in November 2017. It has operation centers in the US, Canada, mainland China, Hong Kong, Japan, and Estonia. BIX token holders receive 20% of the exchange profits, and also get discounts on trading fees, similar to Binance.
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FeatherCoin: “The Comeback Kid?”

Disclaimer: This is in no way financial advice. I own FTC and I plan on holding some for the long term. I’m just sharing my thoughts and opinions on my interpretation of what I’ve read on slack, the feathercoin forum and the internet. Pease comment and share your thoughts as well.
My initial reason for getting involve was the interest I had in ASIC resistance coins, at first VTC and now FTC. We could all see what’s going on with the institutionalization of bitcoin and all the forks but that’s a whole other story. Most people don’t realize that Feathercoin is one of the oldest coins and it was a top 10 coin back in the early days. Originating from a “LTC github fork”, not a fork from the blockchain which is a totally different scenario. Back in the early days, It had a big following and the community was enormous. The founder was very active but as the community grew, cracks began to unfold. One user in particular manipulated the community and wanted to push forward with some crazy ideas. The ideas were contrary to the vision of the founder who was trying to stay as close to satoshi’s whitepaper as possible, FTC is still the closest out of all coins to satoshi’s vision. If I understand the infighting correctly, the community was swayed by influential members who were more interested in the price of the coin vs the developers who where more interested in the stability and security of the code. Needless to say, with all the attacks and trolling, the team kind of went underground and it’s currently the main reason why some of the developers still want to remain private. This also caused the founder of Feathercoin to move on to other projects. I give a lot of respect to the developers/community members who hung on and continued to support the project throughout the dark times but there is “lite” at the end of the tunnel. The founder was recently released from a contract and he has come back home to assume his rightful place in the feathercoin community. He is well known and respected in the crypto world and his return will mark a turning point, in my opinion, for FTC. FeatherCoin developers prefer to communicate via the FeatherCoin forum as opposed to slack but I think they realize the value a slack channel can have in terms of growing the overall community. Progress is definitely being made in the background but keep in mind that developers don’t commit to github every day or even every week. Hopefully, this will change as the community grows and maybe some of the diehard developers will come out of the shadows.
Why buy? 1- An ANTI-asic coin with Gpu and Cpu mining. 2- Mining that is faster than LTC or BTC with the lowest transaction fees. 3- A NeoScrypt mining Algo that is more secure than Scrypt or SHA-256 4- The current goal for FTC is to move to 0.11 and eventually later to 0.13 code based on Bitcoin. The idea is to activate SegWit and CSV at the same time. If you want to educate yourself read this: https://github.com/bitcoin/bips/blob/mastebip-0112.mediawiki 5- After the upgrades, the team will explore the lighting network. 6- IOS development in progress. The team is actively look for an IOS developer to assist. 7-Older coins are more reliable.
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Buratino Blockchain Solutions: we have found new solutions to old problems

The market of the mining equipment continues to develop strenuously contrary to adverse conditions on the crypto exchanges. Technologies are constantly improving, increasing growth of mining profitability at the reduction of energy consumption and partly compensating negative dynamics of cryptocurrencies rates. However, it automatically increases the complexity of production of new digital coins that form request for creation of more powerful equipment.
Industry is constantly changing and miners need to be able to understand modern trends of the branch. Let’s discuss market tendencies, new technology solutions capability to affect the efficiency of this business, and how exactly our team is ready to help miners.
Mining market today Lets begin with the general review of the market, with emphasis on forecasts of the authoritative research companies. Analysts of the American consulting company Coherent Market Insights are convinced: in the medium term (5–10 years) mining will be profitable. Demand for the new equipment will remain high even during the crypto -markets depression.
According to the last forecast of the company, by 2025 mining industry will exceed the capitalization level of $16,3 billion. The indicator of cumulative average annual growth rate (CAGR), according to experts, will grow by 18,68% from 2017 to 2025.
At the time of posting, the greatest share of computing capacities has been concentrated in Asia. Experts from other large consulting company Technavio consider that the Pacific Rim will take 51% of the general growth of the industry in 2018–2022. Then the share of the Pacific Rim will be reduced below 50% level.
The cause is a hard governmental line of China in relation to crypto industry. It makes miners migrate to other countries of North and South America and Eastern Europe.
According to the Technavio, 33% of the market is now in the New World, but the share of the USA will grow, forcing out China. Coherent Market Insights experts are solidary with colleagues, and also give the future world leadership to North America.
Improvement of production technologies of cryptocurrencies and increase in productivity of the hardware remains a key tendency of the current market. Along with it large producers of microelectronics, such as Samsung and United Microelectronics Corporation are entering the market as suppliers of hi-tech accessories.
The large manufacturing companies (Bitmain Technologies, BitFury, Advanced Micro Devices, etc.) actively develop ASIC systems with bigger energy efficiency and the increased hashrate coefficients. It is important for providing the more effective mining. However alternation of generations in available lines of the equipment happens slowly that opens opportunities for new players, such as our company.
According to the Coinshares company, hashrate of the only one Bitcoin network grows by 300% annually, the efficiency of chips increases by 80%, and their cost falls on average on 50%. So the profitability of digital coins production grows even in conditions of crypto rate instability with the introduction of new technologies in ASIC-mining . 74% of the mining market is the share of ASIC of all configurations in 2017. It is expected that they will continue to dominate.
The process of improvement of the hardware leads to the growth of volumes of the mined coins. But the more is mined, the quicker the algorithm of generation of new blocks in the network complicates. As a result — miners need capacities to grow.
Escalating levels of complexity become nearly the main factor of mining equipment market growth in the medium term. For example, analysts of Technavio predict the increase in growth rates for 2018 by 9,04%.
Increase in productivity as natural selection To be a successful miner means always to work proactively. Anyone who first manages to use more productive mining systems also remains in a prize or at least in the market.
The Forbes.ru magazine describes how the market of a mining is affected by the generation of more productive machines. All of us remember the last year's agiotage around the first ASIC systems for Dash cryptocurrency. Before it was mined only on video cards and brought the monthly income of $1-1,5 thousand from one farm. New miner (DM11G from iBeLink, Antminer D3 from Bitmain and DR-100 from Pinidea) promised income from $5 thousand from each installation.
Those who the first have managed to connect ASIC to Dash network succeeded the most. Their monthly income has made about $6 thousand, but it was not for a long time. The rapid growth of the number of ASIC devices in the network has provoked the same fast increase in complexity of calculations.
Therefore the payback period of one ASIC system has increased from 3-4 to 12 months. As a result, by the end of 2017, the profitability of Dash mining has decreased almost by 3 times (in comparison with September of the same year). In completion to everything, the Dash rate has fallen off in spring 2018.
Production of cryptocurrency is favorable only to those who quickly reacts to the production of the new hardware. Only being guided by new generation equipment or modernizing old ones it is possible not to lose.
Recent leaders VS perspective beginners BitFury and Bitmain remain recognized leaders in the global market in summer 2018. BitFury generally specializes in providing mining decisions under specific projects. Bitmain, on the contrary, is guided by production and sale of the ready-made mining systems.
Today the market is rather highly consolidated and more than a half of all computing capacities belongs to largest companies. Nevertheless, Coherent Market Insights analysts consider that in the near future deconsolidation of branch due to the appearance of new players is expected.
This segment is also interesting to us. With the support of the community on ICO, we will be able to impose market competition to the acting leaders. Just because present devices have a number of problems which are still not solved by anyone except for us.
Support of the only one cryptocurrency, the impossibility of the partial modification, high noise level, high costs of cooling and a lot of things still. Everything remains unresolved.
We plan to put on the market the multi-mining system of the new generation Papa Carlo. The equipment surpasses competitors in all key indicators: energy efficiency, productivity, customizability, the number of coins, etc.
With our development, it will be not just ASIC anymore, but the first real multi-miner, allowing to get fifteen digital currencies on the most popular algorithms SHA-256 and SCRYPT.
It is difficult to overestimate the potential of such a product. Papa Carlo is capable to take the worthy place in the market of the CIS and the whole world. It is enough to compare our technological product to the acting leader of sales - Antminer s9, to estimate all range of advantages of Papa Carlo.
Compare several key indicators of Papa Carlo and Antminer s9:
hashrate of Papa Carlo – 26 Th/s, Antminer s9 – 13,5 Th/s; Papa Carlo processors – 10 nanometers, Antminer s9 – 16 nanometers; the number of Papa Carlo chips – 210, Antminer s9 – 189; energy efficiency of Papa Carlo – 0,065 J/Gh, Antminer s9 – 0,1 J/Gh; Papa Carlo noise level – 35-45 dB, Antminer s9 – 75-80 dB. Conclusion Papa Carlo is a high-performance equipment which can compete with leaders of the market. Our Buratino Blockchain Solutions company provides its development and service.
The issue of own token will allow attracting the capital for scaling of business and distribution our multi-miner. Everyone who wishes to receive exclusive privileges from the producer at a stage of the closed sales can join our tokensale.
submitted by BuratinoBlockChainSo to u/BuratinoBlockChainSo [link] [comments]

How to Get The Most Profitable Cryptocurrencies to Mine and More in Google Sheets

Original Medium post found here: https://medium.com/spreadstreet/how-to-get-the-most-profitable-cryptocurrencies-to-mine-and-more-in-google-sheets-7b2ad2ebbdcd
One of the most challenging aspects of cryptocurrency mining is finding the most profitable coins to mine.
A few services exist, but nothing beats what the creators of WhatToMine.com have done in a few short months.
The big benefit of the data offered by WhatToMine is a ranking of cryptocurrencies by mining profitability.
The =SS() function, available in Google Sheets as part of the Spreadstreet Google Sheets Add-in, allows the user to pull in two seperate endpoints from the WhatToMine API:
  1. Stats — Used to compare the profitability of all GPU based cryptocurrencies
  2. ASIC — Used to compare the profitability of all ASIC coins

How to install

1. Go to the “Add-ons” menu, and click on “Get add-ons”.

Get Add-ons Menu

2. On the Add-ons panel, search for “Spreadstreet”, click on “+ FREE” to install it.

Click on +Free to install

3. Choose under which account you want to install the Add-on.

Choose Gmail Account

4. Spreadstreet needs to connect to an external API, click on “Allow”.

Click "Allow" when prompted
Note on security: All add-ins within the store go through a review. This is a wonderful security measure, especially in the Crypto industry, which is rife with scams and hacks.

5. Make sure the add-on is activated in your sheet:

  1. Go to Add-on > Spreadstreet > Help
  2. Click on View in store , then click on Manage and check Use in this document:
Click "Use in this document"
Tadaa You are now able to use the =SS() function to pull in all sorts of amazing data within the cryptocurrency space.
Example =SS() usage

How to use for GPU-Mineable Coins

How does WhatToMine calculate profitability for GPU-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable GPU coins
Call the function =SS(“get-stats-whattomine”, true) to return various stats from GPU-minable cryptocurrencies.
Example usage using the GUI:
Open the Add-in

Click “Add” to view the list of available APIs

Click on the “WhatToMine” icon

Click “Stats”

Click “Insert”

Click “Run”. This will paste values into the currently selected Cell, and save that in the main GUI for future retrieval

Example usage using the =SS() Formula:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

How to use for ASIC-Mineable Coins

How does WhatToMine calculate profitability for ASIC-mineable cryptocurrencies?
What is the calculation missing?
Get most profitable ASIC coins
Call the function =SS(“get-asic-whattomine”, true) to return various stats from ASIC-minable cryptocurrencies.
Example usage:

=QUERY(A:W,”select A, T where T is not null order by T desc”) returns the most profitable GPU-minable cryptocurrencies.

Common issues and how to fix:

  1. Do not keep your sheet open at all time. This will prevent the rates from refreshing. The rates will auto-refresh each time you re-open your sheet.
  2. The add-on may not work right away on other old spreadsheets. You need to do this to activate Spreadstreet: Open the old sheet, click the menu Add-ons / Spreadstreet / Help / View in store, and then click Manage and in the dropdown menu click Use in this document .


Download the add-in: https://spreadstreet.io/tools/google-sheets-add-in
Help: https://spreadstreet.io/docs
First time install and login: https://www.youtube.com/watch?v=aLjtPR4T2bg
WhatToMine Stats endpoint help: https://spreadstreet.io/knowledge-base/whattomine-api-get-stats-endpoint/


Is Genesis Mining Worth it? A Genesis Mining Profitability Calculator You’ll Actually Use
How to Create an Ethereum Mining Calculator from Start to Finish
10 Statistical Price Predictions for 10 Cryptocurrencies
Bitcoin Madness: How to Simulate Bitcoin Prices in Google Sheets
submitted by 1kexperimentdotcom to gpumining [link] [comments]

Correlations between BTC and LTC

As a newbie, I'm currently only investing in Bitcoin and Ethereum. I understand that both of these Cryptos have entirely different use cases and meet different needs. Though I've been trading contentedly on Gemini, I've checked out GDAX recently and found it to my liking. So I wonder: if the only reason to start trading on GDAX is to get my hands on some Litecoin, how different is LTC from BTC and does this investment actually count as a "diversification?"
Fundamental differences between BTC and LTC Please correct me if I'm wrong.
If my thinking is right, then Litecoin is just a low value "altcoin," and investing in it would provide no diversification to my portfolio.
submitted by hxcheyo to BitcoinBeginners [link] [comments]

established bitcoin miners switching to litecoin danger?

Hi, i read that litecoin has way less hash power than bitcoin. very understandable. i thought since the hash algos are different (sha 256 vs scrypt) the hardware couldn't cross over very much. ie. a bitcoin mining facility couldn't hop onto the litecoin network and really f*** with it. can anybody lead me to some sources? i'm not wondering for personal mining. im wondering about 51% attacks if an established bitcoin mining entity changed to litecoin.
cheers & hodl
submitted by TheTrillionthApe to CryptoCurrency [link] [comments]

established bitcoin miners switching to litecoin danger?

Hi, i read that litecoin has way less hash power than bitcoin. very understandable. i thought since the hash algos are different (sha 256 vs scrypt) the hardware couldn't cross over very much. ie. a bitcoin mining facility couldn't hop onto the litecoin network and really f*** with it. can anybody lead me to some sources? i'm not wondering for personal mining. im wondering about 51% attacks if an established bitcoin mining entity changed to litecoin.
cheers & hodl
submitted by TheTrillionthApe to litecoinmining [link] [comments]

Educational : Litecoin cash vs Bitcoin cash

Litecoin Cash vs. Bitcoin Cash Litecoin is on the verge of a major split. Litecoin Cash, expected to “fork” from the original project on Sunday, has caused a stir in the cryptocurrency community as insiders fear confusion around the new token. In many ways, the split bears similarities to that of the Bitcoin Cash split that occurred in August 2017, but there are some key differences between the two projects’ goals.
Litecoin Cash is a “hard fork,” which means the project is breaking away from the cryptocurrency and making some big changes in the existing code. The split will occur at block 1371111, currently estimated for Sunday evening. When it happens, anyone holding Litecoin will receive 10 Litecoin Cash tokens for every Litecoin token in their wallet.
It’s a process all too familiar with the BitCoin Cash team, which split away and has now become the world’s fourth-largest cryptocurrency. The token enjoyed an impressive surge in value on Friday, jumping 11.3 percent over the 24-hour period to reach a value of $1,510.22 per token and a market cap of $25.6 billion. This was in part due to news about BitPay adoption and SBI Group mining.
Why Fork? Cryptocurrencies like Bitcoin depend on consensus for change. Miners run software to interact with the token blockchain. If these miners are running differing versions of software, and the changes made in those versions aren’t backwards compatible with older versions, it means ending out in a situation where miners are creating blocks for two entirely different chains. The agreement is key, but if a change can’t really agreement, some members of the community can decide to push ahead with a fork anyway.
The big incentive to avoid a hard fork is that a new cryptocurrency will have a different marketplace valuation, so a fork requires belief in the new system to rally the price of the new tokens and make mining worth the while.
What’s the Difference? The two tokens have different goals in mind. Bitcoin Cash was about increasing the size of the original Bitcoin’s block from one megabyte to eight, which means more data processed at once and a potential increase in transaction speed. Bitcoin receives criticism for only processing around seven transactions per second globally, as opposed to the 50,000 or so with a regular credit card.
Litecoin Cash is less about transaction speed. The original Litecoin was already meant to be a speed-focused complement to Bitcoin, with the block time needed to validate transactions reduced 75 percent to two-and-a-half minutes. It has been described its its creator, Charlie Lee, as “the silver to Bitcoin’s gold.”
Instead, Litecoin Cash’s main goal is to repurpose older mining equipment designed to create cryptocurrency tokens using the SHA-256 algorithm. One of the big changes Litecoin made from Bitcoin is switching to another system called Scrypt, making older machines obsolete. The team also claims transactions will be 90 percent cheaper than Litecoin.
Why Are They Both Called “Cash,” Then? The Litecoin Cash team points the finger at a growing trend in the cryptocurrency community, one sparked by Bitcoin Cash:
We’re using the Litecoin Cash name simply because it has become customary in recent months for a coin which forks a blockchain to prefix its name with the name of the coin being forked. This practice has become a widely understood convention. We’re not associated or affiliated with Charlie Lee or any of the Litecoin team in any way; we are big fans though.
This reasoning has not gone down well in the community, with some fearing that Litecoin Cash might become confused with its original token. This is not unrealistic: online retailer Overstock mixed up Bitcoin and Bitcoin Cash in January, allowing customers to pay with either token at the same numeric token amount. This meant buys paid only around 15 percent of the actual price for products.
“It confuses people into thinking litecoin is splitting,” Charlie Lee, the founder of Litecoin, told CoinDesk on Friday. “The litecoin community has no interest in splitting. It’s just some people trying to make a quick buck. And calling it litecoin gives them some legitimacy.”
Keep in touch for more crypto News and don't forget to follow us on our twitter. Search for us on twitter. @CryptzSignals​ I Would like to share this with you. Here You Can Download This Application from PlayStorehttps://play.google.com/store/apps/details?id=com.cryptosignals
submitted by debas145 to Crypto_Currency_News [link] [comments]

[Fundamentals] BTC vs LTC

As a newbie, I'm currently only investing in Bitcoin and Ethereum. I understand that both of these Cryptos have entirely different use cases and meet different needs. Though I've been trading contentedly on Gemini, I've checked out GDAX recently and found it to my liking. GDAX offers LTC trading in addition to BTC and ETH which is something Gemini cannot do. So I wonder: if I were to start buying only LTC on GDAX, how different is LTC from BTC and does this investment actually count as a "diversification?"
Fundamental differences between BTC and LTC Please correct me if I'm wrong.
If my thinking is right, then Litecoin is just a low value "altcoin," and investing in it would provide no diversification to my portfolio.
EDIT: Added context
submitted by hxcheyo to CryptoMarkets [link] [comments]

Why Litecoin Is Equally Good Or Better Than Bitcoin

Why Litecoin Is Equally Good Or Better Than Bitcoin
Certified Research Analyst, Growth, long-term horizon, Cryptocurrency Enthusiast (85 followers) Summary
Both Bitcoin and Litecoin are deflationary.
Litecoin payment confirmations are faster.
Litecoin is more adaptive to technical up-scaling.
Both coins can compliment each other.
Comparing two stocks to find out the relatively better value buy is quite easy for a traditional research analyst who deals with equity market. The number of parameters available for comparison is wide and time tested, starting from a simple quarterly result's net profit to complex ones like debt equity ratio, PE, trailing EPS etc. Stocks are categorized by its market capitalization and industry to make the study more focused. But when comes to crypto world, we don't have any time tested parameters to filer out the naked ones from others which are promising and disruptive in nature. So an investor who decided to invest in crypto currencies have to overcome this black-hole by using some simple traditional techniques which requires normal IQ level only. Let us first discuss about the similarities between these two coins and then step in to future outlook of Litecoin. litecoin 1. Both Bitcoin and Litecoin are deflationary
These crux behind the deflationary nature is simple defined by the demand supply logic in basic economics. The supply of both these coins will be tapered in coming years and at the same time demand will be increasing if something catastrophic is not happening in crypto space. Bitcoin will have 21 million coins in its entire life span and Litecoin will have 84 million, which is exactly 4 times that of Bitcoin. Considering the fact that in early days, people gave little importance on secure storage, millions worth coins were lost which cannot be recovered by any chance. This is the reason why both of these coins are considered deflationary in nature. The current supply of Bitcoin is nearly 16.4 million whereas Litecoin has 51.85 million coins in circulation.
"When I released Litecoin there were a lot of other cryptocurrencies that were pre-mined by founders wanted to be super rich. I preannounced Litecoin on Bitcointalk, so people could mine it from the get go. It was more widely distributed from the start than Bitcoin." Charlee Lee, Litecoin founder 
  1. Litecoin payment confirmations are faster
The block generation time of Bitcoin is 10 minutes and Litecoin is 2.5 minutes. In simple terms, it means that transactions are confirmed 4 times faster in Litecoin. The downside of smaller block generation time is, it is easy for reversal of transaction compared to a larger block. Since the value of Bitcoin is high, Litecoin's future lies in using it for small transactions as the transaction fees associated is negligible compared to Bitcoin's transactions.
Litecoin has a large economy and our technology works on Litecoin with almost no changes. We like ethereum too, but ethereum is too different from bitcoin for us to easily switch. Litecoin has the best combination of economic size and technical similarity to bitcoin. On Litecoin, transaction fees are only a few cents. This means users can comfortably load only $1 onto our network while still paying negligible fees. This is a radically lower barrier to entry compared to $100 for bitcoin. Litecoin is one hundred times better for our application today than bitcoin. Ryan X. Charles, Yours 
  1. Both coins are based on "Proof of Work" concept The coin rewarding functionality of both Bitcoin and Litecoin are based on the concept of proof of work, though their algorithms differ. Bitcoin is using SHA-256 and Litecoin is using scrypt algorithm. SHA-256 is a complex algorithm and data block processing with SHA-256 possess slower—transaction turnaround times with less room for error. Successful mining of coins using SHA-256 requires hash rates at the giga hashes per second range or higher which means miners need high performing ASIC chips. Scrypt is simpler and it is is much easier to run on GPUs, and tends to use up less energy than using SHA-256.
Future Outlook for Litecoin
Litecoin is more adaptive to technical up-scaling If we compare the history and road-map of Bitcoin and Litecoin, it is evident that the later has been well ahead in adapting new improvement plans. Segwit is already activated in Litecoin without any political doldrums. The founder Charlee Lee has joined back at Litecoin foundation after his stint in coinbase. The team behind Litecoin is now working on Lightning network and adding smart contracts. Once implemented successfully, these two projects can change the future of Litecoin.
Lightning Network I believe Litecoin will be the first crypto to implement lightning network which would increase the scalability of transactions. Ind is one of the implementations which is in the final stages and expected to complete in next 6 months. Once lightning network is implemented, the number of transactions per second can grow to millions.
Smart Contracts The future road-map of Litecoin shows its interest in anonymous smart contracts. Smart crypt vault is one of the items on the roadmap Charlie Lee is excited about. The technology combines MAST (Merkelized abstract syntax trees) and covenants – script combinations that restrict how coins are spent. The team is expecting a positive outcome in this month on this as per Charlie's tweet.
Conclusion Charlee Lee introduced Litecoin as "silver crypto currency" when Bitcoin took the name of "Crypto gold". If we understand the fundamental logic behind both the coins, we don't need rocket science knowledge or high IQ to understand the fact that Litecoin is heavily undervalued. The ideal price of Litecoin is ultimately pegged with 1/4th of Bitcoin price. This is by the simple calculation of supply of coins, 21 million vs 84 million. According to google keyword search, Litecoin is still not in limelight like Bitcoin or Ethereum. This can change in near future and both the coins can compliment each other on a long run.
"Litecoin versus Bitcoin is like Facebook versus Google Plus," says Lee. "It would be hard for Plus to overtake Facebook. But if something catastrophic happens to Bitcoin, I could see Litecoin positioned to overtake it." Charlee Lee, Litecoin founder 
I am not sure how much Bitcoin is overvalued or undervalued. But I am sure that Litecoin is undervalued when compared with Bitcoin. One final question to my readers, If Visa and Mastercard can co-exit and supplement each other, why not Bitcoin and Litecoin??
“Price Is What You Pay, Value Is What You Get”~Warren Buffett 
The only factor that differentiate Bitcoin with Litecoin is its popularity. But the catch up rally is awaiting and it is not so far.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article..
submitted by manfred2766 to litecoin [link] [comments]

[uncensored-r/Bitcoin] mining litecoin with bitcoin hardware?

The following post by TheTrillionthApe is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7m395h
The original post's content was as follows:
Hi, i read that litecoin has way less hash power than bitcoin. very understandable. i thought since the hash algos are different (sha 256 vs scrypt) the hardware couldn't cross over very much. ie. a bitcoin mining facility couldn't hop onto the litecoin network and really f*** with it. can anybody lead me to some sources?
cheers & hodl
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12 Reasons to Invest in Primecoin

‎1- Primecoin‬ is the First non Hash-Cash PoW Crypto-Currency.
2- Naturally Scarce
3- Very fast confirmations - 1min/block
4- Elastic supply
5- Primecoin is sustainable
6- Primecoin is currently the “fairest” coin to mine
7- Primecoin can introduce new participants to the new digital economy
8- Proof-of-work cryptos will gradually transition toward energy-multiuse, ie providing both security & technological computing values. And Primecoin is the pioneer in this realm.
9- Primecoin has anti-centralization features
10- Primecoin captures the Wasted Energy of Bitcoin's Algorithm - The mining is actually useful
11- Primecoin has direct by-products
12- Primecoin has been developed by Sunny King, one of the most talented crypto-technologists of the rank of Satoshi Nakamoto
submitted by crypto_coiner to primecoin [link] [comments]

Just getting started, have a miner up and running...

Hey, Everyone.
This is a long post introducing myself and what I am up to. If you want to skip over my story, I have a question below about Litecoin pools.
My brother contacted me to talk because I'm an IT Pro, and he asked if I had looked into BTC mining. I told him I had heard of bitcoins, but didn't really ever look into it. Well... this weekend I took a trip down the rabbit hole and here I am with my first miner doing about 660Khash/s with a couple other CPU miners trickling on as well.
I've spent many hours learning about this from reading, trying miners, learning about the coming ASIC and how bitcoin and litecoin differ (sha-256 vs scrypt), so I feel like I'm starting to get my head around all of this. It became immediately obvious that mining BTC with a couple 7850's was a complete waste of time and effort. When I heard about litecoins, and realized they are still very new, I thought, what the hell, let's do it. I have a bunch of hardware laying around, so I might as well try it.
I don't know if I will ever make any money off of this, but I can tell you that I have had a friggin' blast Frankensteining a miner rig together. My miner is a 1st gen Core i7 (920) sitting on an ASUS P6T Delux mobo, and I went out and grabbed what I could at Best Buy for AMD cards, which are a couple XFX R7850 OC Edition units. They are garbage with awful cooling, but they were cheap, and local.
I'm running Ubuntu server 12.10 with Openbox and Roxterm for the interface. I got the idea from looking over some instructions for setting up a headless hashing machine over at hashcat.net. It's currently running cgminer, but I'm going to put a CPU miner on it today, since the i7 is idling at 0-.1% usage while mining on the GPUs.
The fun? Well, I'm a geek and this all reminds me of the mid 1990's when me and my gaming friends were buying Celeron chips and overclocking them for gaming, and putting the very first (VooDoo) 3D cards in our machines. Back then if you were tweaking on your hardware, shit was crashing all the time. Building a gaming rig now is easy, unless you are case modding and doing extreme overclocking.
I've made this Ubuntu server crash a few times, and overheated the video cards to shut down while I was tweaking all the settings.. I love that shit. Means I'm pushing it to the max for what I have available, just like the OG gaming days.
Can anyone point me toward a good, stable litecoin pool? I originally set up with Coinotron, but they have been down more than up over the last few days. I set up an account with Pool-X.eu, but their website is so slow I can't tolerate it. Right now I'm using Burnside's but I'm getting a lot of stales there (30%).
Is everyone having the same issues since litecoins aren't really mainstream yet, or am I just signing up with the wrong pools?
Looking forward to chatting with all of you, and thanks in advance for any advice you can offer.
submitted by Oceas to litecoin [link] [comments]

What Is Litecoin & Differences Between Litecoin And Bitcoin

What is Litecoin?
Litecoin (LTC) is the second largest crypto currency only smaller than Bitcoin. Litecoin is the biggest of the so called altcoins and is similar to but with some distinct differences to Bitcoin (BTC). Litecoin was created by Charlie Lee, a former Google employee who goes by the screen name coblee, and was launched on October 7th 2011.
LTC is similar to BTC in that it uses a proof of work blockchain, difficulty adjusts every 2016 blocks, and rewards half about every 4 years.
LTC is different to BTC in that the LTC network aims to process blocks every 2.5 minutes compared to BTCs 10 minutes. This allows for faster confirmation times. LTC aims to produce 84 Million LTCs which is roughly 4 times as many coins as BTC will eventually produce. LTC uses an algorithm called Scrypt, and BTC uses SHA-256. Scrypt is roughly 1000 times slower than SHA256 which is why you see LTC mining speeds quoted in KH/s (Thousand hashes per second) vs BTCs MH/s (Million hashes per second).
LTC was originally designed so that it could be easily mined on CPUs and be resistant to mining on GPUs. With ASICs (Application Specific Integrated Circuits) having taken over the BTC mining world, a common misconception is that Scrypt is ASIC proof. Scrypt is only ASIC resistant just as it was deigned to be GPU resistant. What this all means is that eventually LTC will be able to be mined with ASICs but the increase in speed is not going to be anywhere near what it was with BTC and SHA-256. This fact means that GPU mining will not be wiped out as it was with BTC.
LTC uses addresses very similar to BTC addresses. They are a mix of 33 numbers and letters but always start with a L.
LTC is often described LTC as silver to BTCs gold. While some BTC enthusiasts dislike LTC and say it takes something away from BTC, alot of people disagree. LTC being a smaller and younger coin has the ability to change things and test new ideas. BTC has a much larger user base and larger team of developers so it can be harder to come to a consensus on changes with BTC. Litecoin devs have recently been helping develop both LTC and BTC by contributing bug fixes to the BTC-qt devs for inclusion in the Bitcoin-qt client.
LTCs native client is the Litecoin-qt application which is very similar to the Bitcoin-qt client. Litecoin-qt is available for Linux, Windows and Mac at the official Litecoin website. If you would like to see a guide on how to setup a Litecoin-qt wallet please see How To Create A Litecoin Wallet.
Alot of the same things that exist for BTC exist for LTC. Such as:
Litecoin Block Explorer
Another Block Explorer
Litecoin Wiki
Litecoin Gambling
Litecoin Dice
Litecoin Mining Calculator
There are many exchanges that support trading LTC for other crypto currencies as well as USD. Some (but not all) exchanges are listed below.
OKCoin for China
I do not endorse any of these exchanges. I am only listing them for information purposes only. As with anything in the crypto world please do your own research before doing any type of transaction.
Some links to the LTC community are:
LTC Forums
LTC Google+
And of course the LTC subreddit
A very popular chart website for LTC (and other coins).
submitted by Edwardlots to litecoinforbeginners [link] [comments]

Eobot.com FAQ

FAQ https://www.eobot.com/new.aspx?referid=94984
General Questions What is a Bitcoin? Good question; see www.bitcoin.org for more information.
What are your options to withdraw? We currently only allow withdrawals in BTC/LTC/BC/NMC/DOGE/XRP/DRK/RDD/BTS/CURE/PPC/NXT/SYS.
Why can't I deposit or withdraw "real currency", aka fiat (USD/EUJPY/GBP/CNY/RUB/etc.)? Due to international law, we do not allow you to deposit or withdraw fiat currencies. In the USA, there are MSB and FinCen regulations; in Europe, certain countries have banned cryptocurrencies, and in China, the banks aren't allowed to transfer cryptocurrencies. The laws may change in the future.
Why does my "Total Cryptocurrency Value" go down? This is because that display is tied to the exchange rates on other websites. Also see this user generated YouTube video for more information: https://www.youtube.com/watch?v=GucqlMuIXMg
Are their any fees to join or monthly fees? No fees.
Do you speak Spanish/Russian/Chinese? No, only English, but Google Translator works well.
What are the maximums/minimums for withdrawing? There are no maximums. The minimums are small, see the withdraw page for details.
Where can I see the terms and conditions? Please click here for terms and conditions.
Where can I see the privacy policy? Please click here for privacy policy.
Are you hiring? We are always looking for quality talent. If you would like to contribute, then please send your cover letter and resume to [email protected].
Do you have a bug bounty program? Yes, we pay for bugs, so contact us for details or visit us at CrowdCurity.com and submit bugs there!
Do you perform off-chain transactions? No we do not. All cryptocurrencies are sent, usually including miner fees, and can be seen on the blockchain for that respective cryptocurrency. This helps secure the network, makes our transactions transparent, provides an easier way to debug and track down coins, and reduces the chance for fraud. An off-chain transaction would be like what Coinbase could do if both users are Coinbase users and they change coins from one email to another, mark it in the database, and Bitcoin is never actually sent from one wallet to another.
Why does my balance reset after refreshing the page or changing cryptocurrencies? The server updates every 60 seconds and the balances you see updating in real-time are performed with Javascript. If you change pages quickly, or choose a new cryptocurrency, then it will look like it is resetting. However nothign is lost, as whatever cryptocurrency it is set at when the server updates will get the past 60 seconds of mining results.
Help! My account was hacked and withdraws are being made? Eobot is a secure site and has never been compromised. If your account was hacked, then you should change your password, turn on 2FA, and turn on email notifications. There are many unscrupulous Bitcoin sites, and most likely, you used the same password on another site. Never re-use passwords!
Do you have any wallpapers? Yes, you can download wallpaper1 or wallpaper2. Feel free to send us your own creations.
What does Eobot stand for? We have heard everything, let us know your favorite, including: Earn Online Bot, Earn Online Bitcoins Online Tool, Earn Online By Our Tech.
Is this legal? We cannot provide legal advice; make sure cryptocurrencies are legal in your jurisdiction before continuing to use Eobot.
Cloud Mining Questions What are the Cloud Mining fees? For electricity and maintenance, we currently charge a fee of 65% for SHA-256 and 65% for Scrypt. These values will change as difficulty increases, exchange rates change, and newer ASICs come online. These fees are better than our competitors, for instance CEX.IO charges $0.105 per GHS, which is a 81% fee! While GAW charges a 96% fee at current prices!
How long are the Cloud Mining rentals and contracts? Prior to October 11 2014, GHS/KHS contracts had no expiration. Old contracts are not affected. New contracts and rentals, mined or purchased after October 11 2014, are now limited in term for 5 years going forward. See your History tab for expiration dates.
Can I sell my Cloud Mining? No, you cannot sell the cloud shares at this time. This is because we own the hardware and do not want to be stuck if everyone decides to sell at once.
Can I buy Cloud Mining with credit card/USD? Yes, but please keep in mind you cannot sell or convert the Cloud Mining.
Can I buy Cloud Mining with cryptocurrency? Yes, deposit the cryptocurrency and then convert it to your choice of Cloud Mining.
What are the maximums/minimums when making a credit card purchase to buy Cloud Mining? The minimum is 1.0 GHS and 10.0 KHS and there is no maximum at this time.
Can I buy a Cloud Mining that mines in Scrypt? You can use the Cloud Mining SHA-256 hashing power to mine other currencies by automatically converting them as you mine, but the earnings will still be tied to SHA-256/Bitcoin difficulty, not Scrypt/Litecoin difficulty.
What is the difference between Cloud Mining SHA-256 and Cloud Mining Scrypt? One is tied to the difficulty in mining SHA-256 cryptocurrency (Bitcoin) and the other is tied to the difficulty in mining Scrypt cryptocurrency (Litecoin). This means that if history is any indication of the future, then the Cloud Mining Scrypt won't decrease as fast as the Cloud Mining SHA-256.
What does 1 instance of Cloud Mining SHA-256 and Cloud Mining Scrypt equal? 1 of Cloud SHA-256 equates to 1.0 GHS of SHA-256 mining power, while 1 of Cloud Scrypt equates to 1 KHS of Scrypt mining power.
Can I change the pool that my Cloud mines on? No, you cannot; this may change in the future.
What hardware is behind the Cloud Mining? The hardware varies from custom ASICs to GPUs. The ASICs are behind the SHA-256 and the GPUs are behind the Scrypt.
Can I RDP (remote desktop) into my Cloud Mining? No, you cannot at this time; we will run the servers for you.
What is the Cloud Mining Pre-Order? These are the same as the other Cloud Mining, but they will start mining on a later date. For instance, a Cloud Mining Pre-Order October 2014 will start mining on October 1, 2014.
Software/Miner Questions Why is it stuck on "initializing...please wait 5 minutes"? We recently changed our Scrypt pool, so this messge will show and the stats and speed won't show under your account. See pool info page for more info.
Why does it show as a trojan/virus? This is a false-positive that many of the popular antivirus programs report. For now you can ignore it, or try another free antivirus, like Microsoft Security Essentials. Hackers use something similar programs to make money off of people's computers, so that is why it shows up as a virus.
Why does Chrome block the download as malicious? This is another false-positive. Simply, go to your Chrome settings, scroll to the bottom and click on "Show Advanced Settings". Go to the Privacy section and uncheck "Enable phishing and malware protection". You will only do this temporarily. Then proceed to download our software. Then return to your privacy settings and recheck Enable Phishing to further protect you.
Do you have a Mac or Linux version? Yes, see the Pool Info under the Account page.
How do I use cgminer? See this English PDF tutorial for cgminer, or Spanish version, created by one of our members, for a simple walk-through.
How can I increase the speed? Important to increase speed: The default cgminer settings do not include hardware specific flags, which you may find here in the Litecoin Mining Hardware Comparison. Failing to use the proper flags can result in performance decreases in excess of 50%.
What do the intensity settings relate to? This is the same as cgminer flag --intensity. Low is 11, normal is none, high is 15, very high is 17, extreme is 19.
Can I use one account for multiple computers on same IP address? Yes, it will add your speed/rates together, you can use as many computers as you want.
Can I connect to the pool manually, through cgminer or bfgminer? Yes, see the Pool Info under the Account page.
Do you use Bitcoin and Litecoin? Yes, we are the easiest miner to use with BTC and LTC and convert on the backend automatically.
What do you use on the backend? We use cgminer, bfgminer, pooler's CPU miner, and a variety of pools.
Can I mine any cryptocurrency? Yes, regardless if you use SHA-256 or Scrypt (BTC vs LTC mode), you can earn and mine any cryptocurrency.
Can I use an ASIC? Yes, simply choose the option and run as GPU mode. Devices that work with bfgminer will work, for instance USB Block Eruptors or Butterfly Labs ASICs. You can also contact us for pool information for other ASICs.
What is the best graphics card/computer to buy? Either use a high end ATI Radeon card, or buy one of the USB Block Eruptor devices on Ebay/Amazon or a similar online store.
What drivers do I need for USB mode? http://www.silabs.com/products/mcu/Pages/USBtoUARTBridgeVCPDrivers.aspx
Why doesn't GPU mode work? You may need to download the OpenCL drivers; get them from here: http://developer.nvidia.com/opencl
Where can I get the .NET framework? Try Windows Update, or use Microsoft Web Platform Installer.
Can I use a proxy server? Yes, edit intensity.txt and put the details in there, for example, add "--proxy=http://mycompany-http-proxy:8080"
Where can I download the software? Download from link here
Can I use custom flags/change intensity? Yes, you can put in whatever custom flags/parameters/arguments you want. Edit the "resources/intensity.txt" file. Put in whatever you want, like for GPU mode: "--intensity 12 --shaders 1024" or for CPU mode (number of threads): "-t 32"
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Hashflare Decreases Sha-256 and Scrypt Prices Once Again! Is It Now Profitable? HASHFLARE SCRYPT MINING - SOLD OUT! FIND OUT WHY World's First Scrypt ASIC Miner - DualMiner Unboxing + Setup 2017 HashFlare Scrypt Vs SHA 256 Retirada PT BR The Purpose of the SCRYPT Mining Algo for Litecoin

Bitcoin ASCI Miners SHA-256. The dawn of cryptocurrency began with Bitcoin, and in its wake came SHA-256 integrated for Bitcoin mining. SHA stands for Secure Hashing Algorithm and is a part of the SHA-2 family of hashing algorithms. SHA-2 is the predecessor of SHA-1 which is now considered insecure and obsolete. Whereas bitcoin uses SHA-256, other coins may use the likes of X11, Keccak, or Scrypt-N. All of these algorithms have their own benefits and requirements to keep mining competitive. Below are some of the different mining algorithms to be found today, and how they compare to one another. 3. Scrypt Whereas bitcoin uses SHA-256, other coins may use the likes of X11, Keccak, or Scrypt-N. All of these algorithms have their own benefits and requirements to keep mining competitive. Whilst Bitcoin uses SHA256 as the underlying crypto function Scrypt can be a second choice on systems where Argon2 is not available, but keep in mind that it has the same issues with respect Scrypt and SHA 256 are the two predominant encryption algorithms used in current crypto-currencies to verify the blockchain (chain of transactions). Veryifying the chain of transactions is a critical element of crypto-currencies as it prevents double spending, and so retains its value. SHA 256 was the original system used by Bitcoin and stands for secure hash…

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Hashflare Decreases Sha-256 and Scrypt Prices Once Again! Is It Now Profitable?

1) link to the site for Free NXT ( http://goo.gl/sxG3cA) get free NXT (minimums 6 NXT) 2) After go to site Eobot and buy Cloud SHA-256 or Cloud Scrypt on Eobot ( http ... Charlie goes on to The Blockchainers and talks about why he chose the Scrypt mining algo as opposed to Bitcoin's SHA-256 as well as the revisionist history of ASIC resistance. You can find the ... HASHRA Gridseed ASIC Scrypt Litecoin & SHA Bitcoin Miner overclocked testing at over 3.5 MH/S - Duration: ... SHA-256 vs Scrypt - Duration: 7:01. GamersGoneTech 17,430 views. 7:01. Antminer S1 ... 🔴 Steve Wozniak interview: Blockchain technology, AI, Crypto, Bitcoin BTC Halving 2020 Wozniak Foundation US 14,009 watching Live now DIY Bitcoin Mining: Hardware (part1) - Duration: 7:45. Tristan's Bitcoin 398 views. 14:12. Handcrafted S1 • E1 How To Butcher An Entire Cow: ... Hashflare SCRYPT VS SHA-256 CLOUD MINING - Duration: 15:09. GenicsTheCrypto 1,765 views.

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