Litecoin Price Today in US Dollars The Kitco Litecoin price Index provides the latest Litecoin price in US Dollars using an average from the world's leading exchanges.LTCUSD charts and quotes by Litecoin in Various Currencies Market Quotes by Litecoin vs Other Cryptocurrencies Market Quotes by Litecoin Basics WHAT IS LITECOIN?Litecoin is a decentralized digital currency, with all transactions recorded on the public blockchain.It is an open source software project, similar to Bitcoin, often said to be the ‘silver’ to Bitcoin’s ‘gold’.WHEN WAS LITECOIN CREATED?Litecoin was created in October 2011 by former Google engineer, Charles Lee.It was mainly created in order to improve upon Bitcoin, to which it differs slightly.WHAT IS THE DIFFERENCE BETWEEN LITECOIN AND BITCOIN?In comparison to Bitcoin’s 21 million coin limit, Litecoin has a coin limit of 84 million.Also, they refer to different algorithms, as Litecoin uses Scrypt while Bitcoin uses SHA-256.

The main difference, however, involves the processing block time.The mean block time for Bitcoin is 10 minutes, while for Litecoin it is 2.5 minutes.HOW DO I BUY LITECOIN?Like Bitcoin, you can buy Litecoins for fiat on a number of exchanges.You are also able to exchange bitcoins for Litecoins.WHERE CAN I STORE MY LITECOIN?As opposed to Bitcoin, the choice of Litecoin wallets is limited and could be problematic.For longer-term storage, it is suggested to setup a Litecoin paper wallet.bitcoin chart difficultyThe term ‘altcoins’ is short for alternative coins.samsung s5 bitcoinGiven that Bitcoin was the first cryptocurrency to surface in the market, the other digital currencies that emerged are referred to as altcoins.bitcoin ticker mac

A blockchain is a digital ledger recording cryptocurrency transactions, maintaining records referred to as ‘blocks’ in a linear, chronological order.WHY USE A BLOCKCHAIN?Using a blockchain ensures security and manages digital relationships as part of a system of record.WHAT IS DISTRIBUTED LEDGER?A distributed ledger is a database, digitally recording transaction information using cryptography, making it secure and unforgeable.WHAT IS THE DIFFERENCE BETWEEN A BLOCKCHAIN AND A DATABASE?bitcoin ignitionThere are several differences between a blockchain and a database, including the level of control.litecoin gpu mining 2017Blockchains are under a decentralized control, whereas a centralized database creates a dependent relationship between users and administrators.coyno bitcoin

Users tend to prefer confidentiality, which is better achieved through a centralized database.Performance also differs, as a centralized database is able to compute information faster than blockchains.Bitcoin Sign up or log in to customize your list._ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 2 down vote favorite 1 I'm getting around 4 shares a minute (mining at 100Mh/s but I don't mind that much because the number of shares is what actually matters, right?)ethereum next forkand since LTC/USD is 2 and it pays 50 LTC for every block reward, it should pay 100USD for every 713 shares (diff as I type) so I should be getting like $100 every 3 hours (which is pretty good indication my math is wrong) and that's because diff is just so low!bitcointalk new users

When I do this math for BTC it works just right.Aren't the mechanisms supposed to be very similar?litecoin mining-profitability hashpower shares up vote 3 down vote It should pay 100USD for every 713 shares (diff as I type).That refers to shares of a certain difficulty: diff 1 Litecoin shares or diff 65,536 shares according to some mining clients (notably CGMiner).Each found share has its difficulty.If the share's difficulty is equal to or higher than the worker's difficulty, it gets submitted by the worker and accepted by the pool.ethereum miner macAt 713 difficulty, it will take on average 713 * 65,536 = 46,727,168 diff 1 shares to find a block.Likewise, it would take 713 * 65,536 / D diff D shares.Note that, if you submit a diff 256 share at 128 worker difficulty, you get paid for a diff 128 share.So, assuming your worker difficulty is constant (LTC pools tend to use variable difficulty), your expected payout would be numbers of shares * worker difficulty * 50 / difficulty LTC, where both worker difficulty and difficulty should use the same metric (just use the values the mining client reports).

For Bitcoin mining, a diff 1 share (lowest possible worker difficulty) is found for every 232 hashes that are calculated.Since Litecoin's scrypt algorithm is about 1000 times slower than SHA256, mining Litecoins would have a very high variance if the same metric of worker difficulty was being used.Therefore, pools and mining clients implemented shares with worker difficulty lower than 1, e.g., diff 2-10.In order to avoid dealing with fractional difficulties (I assume), mining clients labelled diff 2-16 shares diff 1 shares, so actual diff 1 Litecoin shares become diff 65,536 shares.Litecoin difficulty is very low!Since computing hashes is 1,000 times slower for Litecoin mining, a difficulty of 713 for Litecoin mining is more or less equivalent to a difficulty of 713,000 for Bitcoin mining.up vote 0 down vote Scrypt algorith is much harder: if you get 100Mh/s for Bitcoin, you will get about 100Kh/s for Litecoin — about 0.1 LTC per day.Your Answer Sign up or log in Sign up using Google Sign up using Email and Password Post as a guest Name Email discard By posting your answer, you agree to the privacy policy and terms of service.