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This is an optional 32-byte value that can be used for storing information on the blockchain. This field is commonly used by mining pools to 'tag' blocks that are mined by their pool.client bitcoin bitcoin пул bitcoin landing legal bitcoin cryptocurrency bitcoin отзыв bitcoin bitcoin иконка майнер ethereum bitcoin вконтакте Litecoin's price at the time of writing is just under $180, down precipitously from a high of $420 in December, but orders of magnitude above the sub-$4 levels it traded at 12 months ago. According to BitInfoCharts, average transaction fees in dollar terms are much lower ($0.25) than those for bitcoin ($11.30). With a new block mined every 2.5 minutes – four times faster than bitcoin – litecoin transactions require much less time to gain confirmations. Litecoin can hardly claim to have scaled the way that centralized payment systems like Visa have, but Lee's claim to have created the 'silver to Bitcoin's gold' has some merit to it.make bitcoin coin bitcoin cryptonight monero часы bitcoin p2pool ethereum bitcoin froggy

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In short: Buy the equipment that is powerful enough and join a mining pool. Our guide goes into more detail.работа bitcoin

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Cryptocurrencyfun bitcoin Cryptocurrency mining is not for everyone. Unless you live in China, your electricity is probably too expensive for you to turn a profit. CRYPTO

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Litecoin Mining Software Needed?
As I mentioned earlier, if you are serious about Litecoin mining, the most viable piece of hardware for making a good profit is the Antminer L3 or L3+.

One of the great things about it is that it’s so easy to set up. When the product arrives, it comes with an installation file. You then have the option to either mine solo or join a mining pool. Here are a few helpful tips to get you started.

Visit the BitMain (Antminer manufacturer) website and create an account.
On the main hardware controller, press the IP Reporter button for 5 seconds (until you hear it beep).
Mining litecoin with antminer
This will then display your IP address on your screen. Enter it into the BitMain website.
IP Reported confirmation
That’s it! Now, all you need to do is enter the Litecoin wallet address that you want your mined coins sent to!
If you want to join a mining pool, follow the below instructions.

In your BitMain account, click on the Miner Configuration. Then click on General Settings.
Now you need to enter the URL of your mining pool, your worker ID and also your password.
General settings for AntMiner
When it comes to mining software, you can also take a look at these options:

ccgmining.com
hashflare.io
minergate.com
nicehash.com
Now that you know how to set up your Litecoin mining hardware, let’s consider some of the risks.
Is Mining a Good Option For You?
Before you go and buy hardware, it is really important to consider whether you are going to make any money. There would be no point spending lots of money on equipment and electricity if you are making a loss!

Electricity
Remember how I told you earlier that you need to use your computing power to mine, and that the more you use, the more Litecoin rewards you will get? Well, this requires LOTS of electricity!

Believe me, once you start mining, you will soon notice how expensive your energy bills become!

The cost of electricity is different depending on where you live. For example, lots of miners are located in China because energy is so cheap. However, in places like the USA, electricity is really expensive.

You need to consider how much extra electricity you are going to use, and whether you are mining enough coins to make it worthwhile.

By visiting this link here, you can enter details of your equipment, electricity costs and any mining fees, to calculate how much money you can make (or lose).

litecoin mining

The difficulty of Each Block
You might remember how I told you that mining is similar to solving a really difficult puzzle. In fact, the puzzle is so difficult that no human could solve it!

Well, over time, the difficulty of each puzzle gets harder and harder. When this does happen, it will make it more difficult for your computer to get the mining reward and your profits will go down.

Reselling Your Hardware

If you bought a car, after a few years you might want to sell it to help pay for a new one, right? Sure, you will get less than what you originally paid, but you will still get something! This is called the re-sell value.

The Litecoin hardware that you buy can only be used to mine cryptocurrency. When the difficulty of each puzzle becomes too difficult, your hardware might have no value.

When people started mining Litecoin in 2011, it was possible to buy GPUs to help do this. However, as GPUs are not powerful enough anymore, they can no longer be used!



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