50 LTC: Current block. 'state of the art' litecoin mining rigs come in the form of custom PCs fitted with. What is the Difference Between Litecoin and Bitcoin? Litecoin is a cryptocurrency that enables instant payments to anyone in the world and that can be efficiently mined with consumer-grade hardware.

A discussion about the scrypt-based, open source, P2P digital currency released by on Our Website Visit the offical litecoin website at The litecoin wiki page Contribute and learn more here litecoin.info Official Twitter Click here to visit our Litecoin Project (Blog) Keep up to date with the What is Litecoin? Watch a quick to learn more Wallets • - Use to sync quickly • • • • Buy Litecoin • - MXN • - GBP • - BTC, USD • - BTC, USD • - BTC, USD, EUR • - BTC, USD, EUR • - USD, EUR • - USD, GBP, EUR • - CAD • • • - INR Litecoin Websites • • • • Litecoin's Road Map • • • • • Litecoin Wiki Under Construction Litecoin Merchandise • A percentage goes to the Litecoin Foundation! • All proceeds go to the dev's!

Community Resources • • • • • • • • • A cheaper alternative to support the LTC network. • • • Accepting Litecoin as a Merchant • • • • • • • Related subreddits • • • • • • • • • • • • • • RULES • No shilling or FUD spreading • Do not abuse new users • Report and downvote scams instead of just responding to them • Mining-related posts: • Off-topic crypto discussion: • ANYTHING PRICE RELATED that isn't a news article: • No short-URL links • No referral links and no begging posts • Do not post methods to accept crypto/money/etc unless someone explicitly asks you. • Have a complaint? • Merchants are welcome to advertise new services, or the acceptance of Litecoin on their service.

After the first ad, providers are welcome to use to continue to promote the service. • No 'I just [bought sold] Litecoin' posts. • When submitting a link to something with which you are affiliated, you must point it out in the title or body of your submission. All submissions related to your affiliation will be blacklisted if found to be spamming. Going through thread after thread I am consistently seeing a common misconception. The proper way to look at mining rig ROI rates is brought up in various places, but it is clearly being ignored en mass (i.e.

The nooblets out there swarming in on our society). Calculators like these below are simple calculations based on the current difficulty. These provide a number of outputs revenue rates over different time scales. Hr, Day, Month.year. Which makes them very very misleading.

Let's walk through a couple scenarios and asses the current situation of the network, what difficulty rate increases are 'possible' and how hardware availability has an effect. Example Scenario If I were to pick up a Radeon 280x and get it hasing at ~700Kh (let's assume free electricity for the examples). One of these calculators would output the following: 0.36 LTC / Day 10.75 LTC / Month 130.88 LTC / Year Often times you see someone buying some new mining equip saying - oh s*&^ I can drop $300 on a new card and earn 10.75 LTC in a month. Leading to the assumption the hardware will pay itself off in just 1 month's time. However - reality quickly hits once you look at the network difficulty increases.

The Litecoin network normalizes the difficulty every 2016 blocks such that the next 2016 blocks will have an estimated solution time of 3.5 days. Thus the difficulty will increase or decrease based on the network hashrate roughly ever 3.4-3.6 days (you should all know this - if you don't - read up ). Past difficulty increases have been between -14.82% and 20% with the last two increases being >13% - the largest 7 day increase in difficulty ever (source: - bottom of the page). With the recent increase in LTC/USD and LTC/BTC prices - GPUs have been flying off the shelves and it is a generally accepted assumption that we will see a large network hashrate increase in the near future. If we see similar ~10% difficulty increases every 3.5 days - we will be at a difficulty of 4600 in 1 month and 312000 in 2 months. The propagation of a 700Kh miner output is shown in the table here from my own calculator. Mining alt coins is actually one of the reasons I decided to set up a mining rig rather than just buying litecoins outright. How Much Cryptonex CNX Can You Mine Per Day.

It gives me variability along with the ability to build up a small cache of the newer cryptos, in the chance one of them ends up exploding in value. It's the same reason I recently purchased a small ASIC miner. While I have no hope of making any money back on bitcoins, I think I could use it to build up a nice portfolio of some of the other up and coming sha-256 coins. Yeah I'll probably look into them closer along with all the other second tier alt coins. The only issue I had with WorldCoin was that the only new thing they had to offer over other scrypt-based currency was faster transaction time. Something that hasn't really been a huge concern for most cryptocurrency consumers, as far as I can tell. Currently I'm more interested in the ones that have contingency plans meant to prevent a 51% attack, or ones that use their computing power to solve mathematical issues rather than just solving the next block.

But I'm keeping an open mind and intend to watch them all closely in the coming months • • • • •. This is my biggest fear about bitcoin. The concentration of the mining market in a relatively small number of large machines makes it more and more susceptible to toppling by a government agency. All the US or richer EU nations would need to do is spend a few hundred million buying up a whole bunch of high power ASIC chips, and maybe manufacturing a few on their own, after which they could easily do a 51% attack on the network and kill all stability in its value.

I could totally see a government doing this if they felt sufficiently threatened by bitcoin. This is one of the reasons I'm trying to diversify with Litecoin. But of course I'm still concerned it could be susceptible to the same attack should those scrypt ASICs they keep talking about come into existence. I've been looking into the proof-of-stake mint workarounds proposed by peercoin and other similar alt-coins, but I'm afraid I don't know enough about these other systems to determine whether they would really be reliable or any less susceptible to attacks in the long run.

But once it gains serious value I'm sure someone will figure out a way to create specialized ASIC-like hardware to dominate that market as well. That's kind of why I'm optimistic about Sunny's earlier project, Peercoin, and its proof-of-stake system. Proof of stake is the only system that I'm aware of (assuming I understand it correctly) that doesn't rely on something that can be worked around with specialized hardware in the future. But in the meantime, I agree Primecoin has serious potential, and am mining them on this computer as I type this. Plus it gives me a warm fuzzy feeling that the proof-of-work calculations are being used to advance science.