Litecoin wallet майнинг

Litecoin | NewsBTC

Litecoin — The Twisted, and Better Version of Bitcoin

Bitcoin was nothing short of a fantasy when it was launched. A decentralized cryptocurrency, untouched by finance monarchists, made for people by people — a truly democratic option to exchange money throughout the world, cheaply and speedily. Its creation certainly brought an intellectual change inside the banking sector. And now, we see how Bitcoin is being watched by some of the biggest corporate players for being a futuristic nexus in the global payment bazaar.

But even with all the kettledrums, Bitcoin has few setbacks of its own. For instance: the innovative digital currency takes around 10 minutes to confirm/generate a block. Also, miners would be able to mint only 21 million units of Bitcoin by the end of its time. Even though the drawbacks are handful, but there they are, ensuring no perfection in this seemingly perfect digital currency.

It clearly explains how Litecoin, another cryptocurrency that was launched three years after Bitcoin, was created out of the necessity to address such drawbacks. The brainchild of an ex-Googler Charles Lee, Litecoin was invented by twisting the Bitcoin’s open source code, the result of which made it a better real-time settlement currency than its predecessor — literally.

Litecoin vs Bitcoin

Just like Bitcoin, Litecoin is a decentralized peer-to-peer cryptocurrency, operated and controlled by none. Due to its number of user-centric benefits over Bitcoin, Litecoin soon became the second most traded cryptocurrency — a place which it holds even today. People also call it a “silver” to the gold Bitcoin, a factor that ensures it smooth adoption among merchants and users till this date.

As users have noted, the transaction confirmation time taken in case of Litecoin is four times faster than that of Bitcoin. Also, miners seem to prefer minting Litecoin due to its relatively less block generation time, i.e. 2.5 minutes which, in case of Bitcoin, is around 10 minutes.

Finally, litecoin uses S-Crypt algorithm: a rigid sequential memory function that was first perceived by Colin Percival. This function is said to have a significant advantage over the Bitcoin’s SHA256 algorithm, especially in regards to speedy and cost-effective mining techniques. An individual miner therefore could opt to mine Litecoin over Bitcoin, as it simply saves him money and time. [We will explain it further in a separate Litecoin mining section as follows]

Bitcoin Litecoin
Total Coin Limit 21 Million 84 Million
Average Block Confirmation Time 10 Minutes 2.5 Minutes
Algorithm SHA256 S-Crypt
Block Reward Halves every 210,000 blocks Halves every 840,000 blocks

How to Mine Litecoin?

Generally, mining a S-crypt based cryptocurrency like Litecoin is no different than mining a SHA256 cryptocurrency Bitcoin. However, Bitcoin mining has become quite expensive in past few months, especially after the arrival of ASIC machines that ensures to solve blocks quickly, in addition to saving electricity consumption as well. But at the same time, ASICs come very costly, which ends up adding burden on miners’ initial investments.

At that point of time, Scrypt mining comes as a best alternative for miners as it can be done even by using a CPU or GPU machine. There are dedicated ASICs available for Scrypt coins as well, but their use have notably dropped because of poor performance issues. Scrypt however remains to a memory eating method, but its cryptocurrencies could still be mined by using a home PC with a powerful graphic card. Laptops with integrated graphic cards are not a good option to mine Litecoin, literally.

Setting Up a Litecoin Wallet

Before you actually start to mine Litecoins, there is one very important tool you must have to store them safely — a wallet. This wallet not only will store miners’ hard-earned money but will also prove to be useful in transferring Litecoin from one place to another. Downloading a Litecoin wallet is as simple as downloading a normal windows/MAC application. There are many independent and open-source Litecoin wallet software available in the market. They are:

  1. Litecoin QT (Available for Windows, Mac OS X, Android, Blackberry and GNU/Linux)
  2. Electrum Litecoin

Note: Sometimes, these wallets take ages to install on your personal computer for they have to download the entire blockchain before becoming usable to the clients. Please keep some patience when you download them.

Which Hardware to go for?

If you are not as rich as Tony Stark, there is a least chance of you using a specific mining hardware to mine Litecoin. Therefore, you will likely be relying on CPU, or CPU+GPU. We will though recommend you to try out some expensive GPU machines, as they tend to have a far better calculation solving features than the CPU machines. The more the processing power, the faster the mining is.

You could also choose to build rigs for yourself — a slightly complex thing to do. You can learn it from watching this video.

Don’t Be a Loner. Join a Mining Pool.

There are two method to mine Litecoin, or any other coin out there: Solo or Pool. As it sounds, Solo Mining restricts you in your own den, where the losses and the profits belong to you only. If you are a beginner with only a few bucks left in the pocket, going solo is definitely not the best idea as it will put all the financial pressure on you, and you only.

Conversely, pool mining will make you join a group of Litecoin miners where you will be require to contribute power from your end. Here, the chances of you all solving a single block will be greater. At the same time, the returns will be distributed among each and every associated miner, therefore reducing your income.

Litecoin Mining Software

After going through every basic step discussed above, all you will need in the end is a software to start mining Litecoin. The widely accessible ones available in the market are: CPUMINER and CGMINER. You can also use both the software in parallel to boost your block solving power.

Trade or Hold

The Litecoin you earn at the end of the day could either be held or sold in the trading market, at a good price. The Litecoin price however is seeing a very sharp decline since last year, and hints to move in parallel with Bitcoin price action now a day. It is therefore very important that you watch the fundamentals and technical aspects of Litecoin price before deciding to sell it in the market. Hold it only if you are a true believer. You can find many Litecoin exchanges on internet to sell your Litecoins.


Disclaimer: The above article is for educational purposes only. doesn’t endorse any of the products mentioned, nor hold any responsibility of losses incurred due to their services. Litecoin mining is prone to occasional losses and undertaking this business is an individual’s own choice. won’t be hold responsible for any losses incurred after reading this article.

Litecoin Project · GitHub

Litecoin Project · GitHub
  • C++ 2,787 15,958 MIT Updated Feb 3, 2018
  • Project website

    JavaScript 1 7 Updated Feb 3, 2018
  • HTML 30 67 Updated Feb 2, 2018
  • A bitcoin blockchain API for web wallets

    JavaScript 5 592 Updated Jan 31, 2018
  • Interface to the litecoin P2P network for litecore

    JavaScript 5 123 Updated Jan 9, 2018
  • Extensible full node using the Litecore build of Litecoin

    JavaScript 17 321 Updated Jan 6, 2018
  • Trusted Build Process signatures

    2 37 Updated Dec 29, 2017
  • A client library to connect to Bitcoin Core RPC in JavaScript.

    JavaScript 4 99 Updated Dec 16, 2017
  • A pure and powerful JavaScript Litecoin library

    JavaScript 26 439 Updated Nov 26, 2017
  • A bitcoin blockchain web browser user interface

    JavaScript 6 657 Updated Nov 18, 2017
  • Litecoin Message Verification and Signing for Litecore

    JavaScript 3 97 Updated Nov 16, 2017
  • Fork of Litecoin core for use with Litecore

    C++ 39 70 MIT Updated Nov 14, 2017
  • A helper to add tasks to gulp

    JavaScript 2 73 Updated Nov 13, 2017
  • A full stack for litecoin and blockchain-based applications

    Shell 34 800 MIT Updated Oct 5, 2017
  • Litecoin detached release signatures

  • JavaScript Client-Side Litecoin Wallet Generator

    HTML 61 900 Updated Sep 12, 2017
  • JavaScript 1 2 MIT Updated Aug 8, 2017
  • Updated Jul 31, 2017

  • A simple website that converts between old and new p2sh addresses

    HTML 11 9 Updated Jul 2, 2017
  • CopayLite is a secure litecoin wallet platform for both desktop and mobile devices.

    JavaScript 2 858 Updated May 26, 2017
  • A client library for litecore-wallet-service

    JavaScript 2 187 Updated May 26, 2017
  • A multisig, HD wallet service. Used by Copay.

    JavaScript 4 330 Updated May 24, 2017
  • Blockchain APIs for litecore

    JavaScript 2 44 Updated May 16, 2017
  • BIP39 Mnemonics implemented for Litecore

    JavaScript 118 Updated Apr 12, 2017
  • HTML 2 Updated Apr 8, 2017
  • Payment Protocol (BIP70) for Litecore

    JavaScript 1 75 Updated Mar 15, 2017
  • Authenticate with web services utilizing the same strategy as Litecoin.

    JavaScript 1 85 Updated Mar 11, 2017
  • p2pool mining network public node scanner

    JavaScript 24 56 MIT Updated Jan 26, 2016
  • Litecoin port of a popular desktop Bitcoin wallet. Uses hierarchical deterministic (HD) private key generation over Simplified Payment Verification (SPV) mode.

    Java 2 100 MIT Updated Mar 19, 2015
  • You can't perform that action at this time. You signed in with another tab or window. Reload to refresh your session. You signed out in another tab or window. Reload to refresh your session.

    Litecoin - 10 MH/s - 1 Year Hashflare Litecoin Cloud Mining Contract

    Litecoin - 10 MH/s - 1 Year Hashflare Litecoin Cloud Mining Contract |

    CryptoCompare needs javascript enabled in order to work.

    Follow these instructions to activate and enable JavaScript in Chrome.


    1. To the right of the address bar, click the icon with 3 stacked horizontal lines.
    2. From the drop-down menu, select Settings.
    3. At the bottom of the page, click the Show advanced settings… link.
    4. Under the Privacy section, click the Content settings… button.
    5. Under the JavaScript heading, select the Allow all sites to run JavaScript radio button.
    6. Finally, refresh your browser.


    1. Select Chrome from the Apple/System bar at the top of the screen.
    2. Select Preferences... from the drop-down menu.
    3. In the left-hand column, select Settings from the list.
    4. At the bottom of the page, click the Show advanced settings… link.
    5. Under the Privacy section, click the Content settings… button.
    6. Under the JavaScript heading, select the Allow all sites to run JavaScript radio button.
    7. Finally, refresh your browser.

    You have already reviewed {{pageInfo.geth2Text()}}. Thank you for sharing with the rest of the community!

    Have you had a good or a bad experience?

    • was withdrawing your Bitcoin or cash from {{pageInfo.geth2Text()}} easy
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • was the {{pageInfo.geth2Text()}} website easy use
    • was trading liquid and safe on {{pageInfo.geth2Text()}}

    Have you had a good or a bad experience?

    • was the {{pageInfo.geth2Text()}} equipment delivered on time
    • were the support staff timely and helpful
    • were the setup intructions easy and clear for {{pageInfo.geth2Text()}}
    • did {{pageInfo.geth2Text()}} work as expected

    Have you had a good or a bad experience?

    • did the equipment/contract work as expected
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • was the {{pageInfo.geth2Text()}} website easy use
    • was the {{pageInfo.geth2Text()}} ordering and checkout process easy

    Have you had a good or a bad experience?

    • did you get your expected return from the {{pageInfo.geth2Text()}}
    • were the support staff timely and helpful
    • was the website easy to use
    • was the {{pageInfo.geth2Text()}} description clear and straight forward

    Have you had a good or a bad experience?

    • was {{pageInfo.geth2Text()}} easy to use
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • did you have issues with the {{pageInfo.geth2Text()}} security
    • did the {{pageInfo.geth2Text()}} website/app have all the features you needed

    Have you had a good or a bad experience?

    • was {{pageInfo.geth2Text()}} easy to use
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • did you have issues with the {{pageInfo.geth2Text()}} in ATMs or at POS
    • did the {{pageInfo.geth2Text()}} card website/app have all the features you needed

    Have you had a good or a bad experience?

    • was {{pageInfo.geth2Text()}} easy to use
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • was {{pageInfo.geth2Text()}} ever down for you
    • did {{pageInfo.geth2Text()}} ever pay you less than expected
    • did the {{pageInfo.geth2Text()}} website/app have all the features you needed

    Have you had a good or a bad experience?

    • did {{pageInfo.geth2Text()}} treat your fairly
    • did {{pageInfo.geth2Text()}} ever pay you less than expected
    • was {{pageInfo.geth2Text()}} easy to use
    • were the {{pageInfo.geth2Text()}} support staff timely and helpful
    • was {{pageInfo.geth2Text()}} ever down for you
    • did the {{pageInfo.geth2Text()}} website/app have all the features you needed

    Loading most recent reviews Loading more reviews

    The Hashcoins Scrypt cloud mining is a decent way to outsource your mining to the cloud - with a daily fee of $0.005 / 1MH/s and 24/7 technical support via the HashFlare portal. The hash rate can be bought in increments of 1 MH/s at a cost of $7.50. This example uses 10 MH/s. 

    100% Scrypt algorithm miner.

    Automatic payout in BTC.

    24/7 technical support.

    CryptoCompare needs a newer browser in order to work.Please use one of the browsers below:

    What is Litecoin? Litecoin vs Bitcoin, Which Wins?

    Litecoin is a cryptocurrency just like Bitcoin. It can be sent globally around the world almost instantly, for very low fees.

    History of Litecoin

    Litecoin was actually one of the first forks of Bitcoin. Its creator, Charlie Lee, was a former Google employee and created Litecoin when he got into cryptocurrency.

    Why does Litecoin have value?

    Litecoin has value for many of the reasons Bitcoin has value. The main reason Bitcoin has value is because it’s very useful and scarce. Litecoin is the same. Only 84 million LTC will ever exist, which creates the scarcity. Litecoin is also very useful because it can be sent anywhere in the world instantly for very low fees.

    Litecoin Mining

    Litecoin mining is much, much different than it used to be. At the time of writing, Litecoin is about $32. In its early days, Litecoin was very easy to mine because it was cheap and there was no competition.

    How to Buy Litecoin

    Litecoin is one of the most popular cryptocurrencies, so it’s actually gotten pretty easy to buy compared to many of the other small altcoins.

    Coinbase is the easiest way to buy bitcoins in the USA, Europe, UK, Australia, and Canada. You can buy with either a credit card or bank account.

    If you live in South America, Africa or Asia then the easiest way is to buy bitcoins then convert using Changelly.

    Litecoin Wallets

    The number of Litecoin wallets are actually somewhat limited. Bitcoin is still the only cryptocurrency that people really use on a daily basis. So, the demand is not strong for many Litecoin wallets so not many exist.

    Probably the best, most feature packed Litecoin wallet is Electrum LTC. It is a fork of the popular Bitcoin wallet Electrum. It is open-source software and can be used on Mac, PC, or Desktop.

    If you want secure storage of your LTC, we recommend using a hardware wallet like the Ledger Nano S or the TREZOR.

    Those devices both support litecoins and store the coins offline, and away from hackers or malware. Both devices are also compatible with Electrum LTC, so you can use that Electrum LTC wallet to communicate with your hardware wallet.

    Hardware wallets will probably be the best option for you if you serious about long term, secure storage of your litecoins.

    Litecoin vs Bitcoin

    The only benefit Litecoin really has over Bitcoin is that it has more features. Bitcoin miners were blocking a very beneficial upgrade for the system purely to benefit financially. The Litecoin miners also tried to block this update but eventually caved.

    The update is called Segwit, and it basically doubles the capacity of any network it is activated on. Right now, Litecoin has Segwit activated and Bitcoin does not.

    Litecoin already had 4x the transaction capacity of Bitcoin, and with Segwit activated it now has 8x more capacity than Bitcoin and potentially more. Of course, not many people use Litecoin at all so this is theoretical. Bitcoin is the only crypto that today has any real usage.

    Litecoin is also slightly faster than Bitcoin since blocks are created on average every 2.5 minutes, whereas for Bitcoin the blocks are every 10 minutes. This simply means that you get a lower amount of security faster with Litecoin.

    Litecoin vs Bitcoin. These two cryptocurrencies are often compared, and for good reason.


    Bitcoin is by far the easiest cryptocurrency to buy. Every crypto exchange supports Bitcoin. Most support Litecoin, but not all. Coinbase, the world’s largest Bitcoin broker, recently added Litecoin which made it very easy for Americans, Europeans, Australians, and Canadians to buy LTC with a credit card or bank account.

    The main problem for LTC, however, is that it is very hard to buy Litecoin with cash. LocalBitcoins, BitQuick, and Wall of Coins are the biggest cash to Bitcoin exchanges and none support Litecoin.

    Winner: Bitcoin


    The Bitcoin price is obviously higher than Litecoin, and so is its market cap. It may seem like Litecoin has more room for growth, but that is unlikely to happen unless Litecoin is able to take use-cases from BTC.

    Winner: Bitcoin


    The average Bitcoin confirmation takes 10 minutes, while Litecoin confirmations take on average 2.5 minutes. While this makes Litecoin seem faster, you’d still need 4 Litecoin confirmations to reach the same level of security as Bitcoin.

    With Litecoin’s activation of Segwit, it does have Lightning Network while Bitcoin does not. This means Litecoin supports instant transactions, and Bitcoin doesn’t.

    It’s a close call, but Bitcoin is likely to get these features eventually.

    Winner: Tie


    Bitcoin’s network hash rate is far bigger than Litecoin. Bitcoin mining also seems to be more decentralized than Litecoin. This is not really a close competition.

    Litecoin’s hash rate will grow if its price rises, but for now Bitcoin simply has a much more serious mining industry behind it.

    Winner: Bitcoin


    BitPay, the leader in helping merchants accept Bitcoin, does not have Litecoin support. This could change if BitPay added support for Litecoin, but for now Bitcoin is the clear winner here.

    Winner: Bitcoin


    Litecoin has a solid group of developers, but not nearly as many as Bitcoin. Also, much of Litecoin’s code is simply just ported over from Bitcoin.

    Litecoin has good code, but most crypto developers focus on Bitcoin.

    Winner: Bitcoin


    This is where it really shows that not many people are using Litecoin. There are very few wallets available for Litecoin compared to how many are available for Bitcoin.

    Luckily for Litecoin, most hardware wallets like TREZOR and Ledger support LTC. However, there are not as many iOS and Android wallets available for Litecoin.

    Winner: Bitcoin


    Bitcoin is available on more markets and is considered the reserve currency of crypto. It is the most stable crypto.

    Litecoin is probably the second most stable cryptocurrency, but it still does not even come close to matching Bitcoin’s stability.

    The Bitcoin markets are also very deep compared to Litecoin, and larger trades can be made that don’t move the market as much as they would move the BTC market.

    OTC markets also exist for BTC, so large buys and sells. While these markets may exist for LTC, they are not as popular.

    Also, purely by market cap, Bitcoin is much bigger which means it can handle a much larger amount of trade than Litecoin.

    Winner: Bitcoin


    Both Bitcoin and Litecoin have the same privacy features, which aren’t anything special.

    Running a full node with either coin will be the most private user. Transactions on these coins are public, so anyone can see outputs and inputs.

    Winner: Tie

    Смотрите также