litecoin as an investment

How to start investing?Read this quick guide to learn how to start investing with Global Investment Management.1.Open Your Account Online Open a free Perfect Money Account by filling out an Application Form online.Setting up a Bitcoin wallet.There are a few ways to set up a wallet.One way is to install the Bitcoin client on your PC.The client will automatically create a wallet address that you can accept payments to or send payments from.Fund your Perfect Money account You can fund your Perfect Money account by Bank Wire, Visa, Mastercard, Direct Deposit, Western Union, Cash Deposit and other payment methods.Please check Exchange Services for more information.Buy Bitcoin Please check Bitcoin Exchange Services  for a list of exchangers.Fund Your Investment Account Make a deposit into our account To do this go to the invest page and make a deposit into our Perfect Money account or Bitcoin address.Your fixed interest will be paid according to your Investment Plan in US Dollars, Euros, or Gold.
You will receive your profits daily directly into your Perfect Money account or Bitcoin address.After you receive your profit into your Perfect Money account or Bitcoin address you can transfer it back into your bank account.To do this you will need to use the services provided by exchangers mentioned in Step2.Ethereum is now the second largest cryptocurrency after bitcoin in terms of market cap.It dislodged Litecoin from its previous position to take up the top spot among altcoins.As the demand for Ether, the cryptocurrency used by Ethereum protocol increases, there are a lot of questions about its future and comparison with other digital currencies floating around.If we have to compare Ethereum with Litecoin, one can find few similarities and enough differences.What makes this discussion even more important is the recent news about Litecoin being added alongside bitcoin and ether on Shapeshift.Earlier last week, the Erik Voorhees led crypto-crypto exchange recovering from the hacking attempts made this announcement about the inclusion of new cryptocurrency into the platform.
Litecoin is an alternate to bitcoin created by Charles Lee, the brother of Bobby Lee, the founder of BTCC.Litecoin was created as a fork of the Bitcoin-QT client.Litecoin was created with the intention of improving certain flaws of bitcoin by decreasing the block generation time, increasing the maximum number of cryptocoin that can be mined and more.bitcoin escrow serviceThe digital currency also used a different variant of hashing algorithm called Scrypt, which is a proof of work protocol.bitcoin api jsonEven though the use of Scrypt was to prevent the use of FPGA and ASIC miners for mining Litecoin, it failed as it is now quite possible to mine Litecoin with dedicated equipment.fed chicago bitcoinWhile Litecoin was created as an alternative for Bitcoin, Ethereum protocol was created as a blockchain-based applications protocol.bitcoin equal dollar
Blockchain-based applications are smart contracts programmed over the blockchain, these smart contracts can be executed automatically once the preprogrammed conditions for its execution are satisfied.Ethereum uses Ether as a crypto token for value exchange on the platform.bitcoin white paper explainedIn addition, the Ethereum protocol currently running on Ethash proof of work protocol will soon be migrating to proof of stake system called Casper.ethereum deutschlandOnce Proof of Stake algorithm is initiated, it will be virtually impossible to use dedicated hardware to accelerate mining.withdraw bitcoin to visaIt is very important in this case as Ethereum uses the processing power to run decentralized applications on the network and not just for the discovery of new blocks so that the miners a get their rewards, sooner than later.a2 bitcoin
The market capitalization of Ethereum is bound to grow compared to that of Litecoin for various reasons.Litecoin is an alternative peer to peer payment protocol whereas Ethereum is a smart contracts platform which has more applications in the real world than just executing payments.bitcoin setup walletAs the adoption of Ethereum protocol for various blockchain applications involving banking and fintech sectors increase, the value and market capitalization are bound to increase as well.Bitcoin still leads the way as a digital currency for peer-to-peer transactions and fund transfers.Ethereum and Ripple are second and third in line when it comes to market capitalization.Litecoin is currently in the fourth place and as of now, it may continue to maintain the position for some more time before getting an opportunity to climb the ranks.A year ago January, I about buying a second-hand Gridseed Infinity ASIC miner, and using it to mine Litecoin.
Since I booted it up in January 2016 it has faithfully mined 1.463 litecoins, which today are worth about $16, a little over half my original investment.As mining rigs go today, it’s not especially quick, but it requires next to no maintenance.When the power goes out, as it does occasionally here, it boots itself up and gets right back to work.No muss, no fuss.I figure the $30 I spent on it was one of my better investments.A lot has changed in the dynamic world of cryptocurrencies since January 2016.Bitcoin is once again above $1,000.Litecoin, which had been sleepily hanging around the $4 mark, suddenly popped above $10 a few months ago.Several other new “coins” have become major players, too.Some of these are relatively easy to mine on a computer, unlike Bitcoin, which requires specialized equipment and a whole lotta electricity.It’s not profitable to mine Bitcoin on a desktop computer, and ASIC rigs are way out of my price range.So, last fall, I started mining one of the altcoins — Zcash — on a hand-me-down desktop computer.
On an investment of about $220, I’ve recouped almost half that since I booted it up in October.Not bad for a barebones rig.My personal requirement was keeping my initial capital outlay as small as possible.So I asked around for an unused desktop computer I could either borrow indefinitely or just acquire.Then I shopped online for a midrange graphics card, settling on a second-hand Radeon R9 390 card with 2 GB RAM for about $190.My adopted desktop had only 1 GB of RAM, so I invested another $30 for 4 GB RAM.Rather than hassle with upgrading from Windows XP to a newer version, I installed Ubuntu Linux as the default in a dual-boot machine.Zcash is one of the cryptocurrencies promising complete anonymity, if you want it, which Bitcoin and Litecoin do not offer.So, there’s been a lot of interest in Zcash, and the other “stealth” coins — Dash, PIVX and Monero, for example — and consequently their values are relatively high.That makes it more profitable to mine them.My rig mines 0.01 Zcash a day (about 60-70 cents/day at today’s values).
Not really much to brag about.With a more substantial GPU (or two or three or … six!), I could pump out way more.But remember, as with the Litecoin rig, I was trying to spend as little money as possible.Besides all this home-based stuff, I’ve delved back into cloud mining again, too.Three years ago, I tried mining Bitcoin at cex.io.That ended when cex.io quit its mining operations to become mostly an exchange.Last year, though, I bought some hashpower at Hashnest, the cloud mining arm of Bitmain, a Chinese firm that is one of the world’s leading Bitcoin mining rig manufacturers, which also runs huge Bitcoin mining installations.Given my budget, the result is a few cents a day, but it kind of feels like free money, even though the ROI is probably years in the future., a Hong Kong outfit offering two-year contracts for several altcoins, and lifetime contracts for Bitcoin and Litecoin.Prices begin at $30, so I started mining Dash there.Again, the returns are quite small now, because I was just testing the waters.
But it’s possible to see ROI within a year, no matter how much money your drop on a contract.You’re just betting that coin values will hold steady or increase.If the bottom falls out of the crypto markets, your investments will go along with it.I’m pretty confident cryptocurrencies are there to stay, so I’ve upped my Dash contract, and added small contracts for Bitcoin, Litecoin and Monero besides.Whether I go the same route as some folks who have bought so much hashpower that they get $50 back each day remains to be seen.Cloud mining is useful for people like me who don’t want to hassle with buying expensive gear, which has to be maintained.Genesis Mining does all the heavy lifting, and in the three months I’ve been with them, there have been no problems.If you want to give genesis-mining a try, you can get 3% off your contract price is you use my promo code o4PV5G.Plus, I get a little extra hashpower added to my Bitcoin mining.Or you can leave me a tip using PayPal or Bitcoin.