Your request appears to be from an automated process.If this is incorrect, notify us by clicking here to be redirected.what is litecoin mining and how is our affecting GPU prices?1Dec 17, 2013 Read MoreOften dubbed as ‘silver to bitcoin’s gold’, Litecoin has been around for around six years.While Litecoin is broadly built on a structure similar to Bitcoin's​, it has a faster block generation rate and hence offers a faster transaction confirmation.While it witnessed a lifetime high of $50 in November 2013, it hasn't seen much activity in the past two years or so with its price hovering around $2-$5 range.However, the recent movement in its price has got cryptocurrency enthusiasts to take a second look at it?Litecoin was created by Charlie Lee, a MIT graduate and former Google engineer.Litecoin is based on an open source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer grade.

Its price has risen from approximately $4 to $13 during the past one month.The main reason behind the recent rally has been the rising support towards adopting Segregated Witness, or simply SegWit.Litecoin like Bitcoin has a block capacity of one megabyte (MB) that limits the transactions per block.bigest litecoin poolAs the network grows, this tends to slow down the confirmation of transactions.bitcoin informacjeSegWit is thus a ‘scaling’ mechanism originally developed for bitcoin.iowa state bitcoinThe adoption of SegWit requires a network consensus which has hindered its upgrade in case of bitcoin.mine litecoin androidHowever, Litecoin is getting closer to SegWit upgrade amid growing consensus.bitcoin vs litecoin profitability

SegWit activation threshold is at 75%.This is a positive development for Litecoin and a successful upgrade could possibility trigger the same for Bitcoin which currently has just about 33% pool support for SegWit.There are a couple of Litecoin Segregated Witness adoption trackers which show the adoption progress.bitcoin asia pacific limitedCharlie Lee has been advocating for SegWit to activate on Litecoin as well as Bitcoin, he says, “Litecoin does not have a block size problem.bitcoin soldadoThat’s right, and SegWit is not just a block scaling solution.deposit bitcoin smsI would even say block scaling is just a side benefit of SegWit.bitcoin solo vs poolThe main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin.

And there are a bunch nicer features of SegWit.” Amid Bitcoin’s scaling debate, the possibility of Litecoin upgrade portrays a positive picture for its price, and usability.In fact, the increase in the latter would possibility make the price rally more sustainable for Litecoin.Litecoin is currently ranks fourth among the 700 plus cryptocurrencies with a market capitalization of $687.31 million.(Related reading, see more: The 6 Most Important Cryptocurrencies Other Than Bitcoin) Want to learn how to invest?Get a free 10 week email series that will teach you how to start investing.Delivered twice a week, straight to your inbox.No thanks, I prefer not making money.Please Confirm Two-Factor Authentication Need some help?Bitfinex is the world's largest and most advanced bitcoin trading platform OPEN ACCOUNT VIEW DEMO Read More Read More Read More Read More Read More Read More Visualize your orders, positions, and price alerts Drag to change price Tap to modify order properties See your position profits TradingView Stay Connected We've created the mobile tools youneed for trading on the go.

View Bitfinex API Documentation 24 hour 7 day 30 day BTC/USD 7,964.87 114,658.66 712,887.15 ETH/USD 23,263.17 592,036.04 4,088,279.58 ETH/BTC 45,743.20 491,337.54 2,040,747.07 ETC/USD 79,036.20 2,077,610.22 13,911,319.01 ETC/BTC 36,296.48 1,068,481.65 6,832,624.82 ZEC/USD 1,237.33 27,615.97 214,462.37 More market data Total active funding Amount used in margin pos.USD 67,580,018.91 67,258,765.73 BTC 14,216.53 14,184.64 ETH 352,357.65 351,559.56 ETC 40,296.11 39,594.30 ZEC 12,149.88 11,714.24 XMR 39,325.72 39,258.06 LTC 107,844.59 106,530.81 DASH 54,722.40 54,385.12 More market data Start trading within minutesDiscover the world's largest and most advanced bitcoin trading platform now.Open Account VIEW DEMOWe already know that the Bitcoin rigs are totally awesome.

But what about the Litecoin rigs?We gathered some to show you, but you better get a fire truck on standby because these are the hottest Litecoin rigs out there.With two Sapphire AMD HD7950 Flex OC Graphics Card, with 3GB (GPU’s), this machine mines like crazy, but has a relatively low power consumption rate.This is more like those Frankenstein-like computers we saw a while ago mining Bitcoins.This amazing machine must have an unbelievable mining speed.What a great use for an old computer that wasn’t good for nothing else.Now, it’s making digital money!This machine makes you some money and even provides lighting for your study marathons.Looking for a way to get a “promotion” and earn more money?Set one of these in your storage room at work.Your kitchen is as good as any place when you want to mine some Litecoins.Trust us, super is the proper name for this rig.It’s powerful not only in size, but also when it comes to show results.Beyond the mining rig, here’s the mining farm, for the big producers.

Organization and good space use are key factors for success!Especially if you’re mining cryptocurrency and don’t have a lot of space.This mining rig even has the right to show a proud Litecoin logo.Equipped with 3x Sapphire 7950 100352-2L, this mining rig was for sale at the price of $1000.Is it worth it?We love this mining rig, but it wouldn’t be the same without that huge fan there!This miner is clearly part of the tidy group.He turned his CPU into a mining rig and it’s looking great.Because one fan is not good enough when you’re mining Litecoins like a pro.This mining rig is composed by two computers, which are usually churning along at around 1400 kHsh/s.This customized mining rig looks awesome.And this is not even its final form.Is this one of the best DIY transformations in the mining field we have ever seen?You can bet on it.Have you ever seen plastic baskets making money?Well, these are different.This looks more like a supercomputer, but it’s actually a mining rig.An industrial one, but still a mining rig.