Jiang Zhuoer, founder of LTC1BTC, a Litecoin pool that currently controls around 12% of the network, told CCN in an interview that his pool won’t upgrade to softfork segwit, nor will any primary Litecoin pool, adding that he has contacted them., which in combination control around 18% of the network.F2Pool has the vast majority of the hashrate, currently standing at 46%.As such, their decision, either to upgrade or otherwise, might be conclusive.We have reached out for comments, but have not received a response in time for publishing., a Litecoin pool that currently controls around 8% of the network’s hashrate, told CCN that they are currently on holiday and need to discuss the matter with the pool’s tech team as well as miners.“It needs a period of time.” – he says.It is not, therefore clear, whether Litecoin will upgrade to Segwit, which appears to be very similar to bitcoin’s segwit that has stalled in adoption.The only difference seems to be a 75% threshold level, rather than 95%, but the rest seems identical.

It includes an increase of transaction capacity by 70% “if all wallets switch to using segwit,” according to the segwit client release statement and further implements the 1:4 ratio, which some have suggested gives signature heavy transactions a 75% discount as well as other features, such as fixing transaction malleability.The upgrade is desirable for the implementation of the Lightning Network, but it has been a controversial proposal in bitcoin for numerous reasons, including suggestions that it makes further on-chain transaction capacity increases more difficult.However, in Litecoin’s subreddit page the upgrade appears popular, with price considerably increasing on January the 30th following suggestions that segwit’s activation process was to begin.Price retraced after Charlie Lee, Litecoin’s founder, stated that “Litecoinblockhalf got the SegWit signaling start wrong.” That was apparently due to an error on how retargeting was calculated.When suggestions to introduce segwit to Litecoin were first made last year, some of the community appeared to be against it, but Lee has strongly supported segwit, publicly stating: “The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin.

And there are a bunch more nice features of SegWit.” He further added that “with SegWit and Bitcoin’s current block scaling deadlock, I see a potential for Litecoin to help Bitcoin break through this deadlock… We have been drafting behind the Bitcoin race car for many years.It’s about time to take a turn out front.” The Litecoin blockchain is barely used, with blocks usually less than ten kilobytes.It currently has 100x or more space available every 2.5 minutes, but Lee publicly says that “block scaling is just a side benefit of SegWit.” On the other hand, Zhuoer, in the context of bitcoin, has publicly stated that segwit is too complex: “Why do the Bitcoin Core developers say that “the Segwit soft fork basically fixes every line of Bitcoin’s code”?” – he rhetorically asks before adding: “As the complexity of a system increases, it follows that the stability of that system must decrease.” Litecoin is the first altcoin.It was created in 2011 as a backup to bitcoin, marketed at the time as the silver to bitcoin’s gold.

It long stood as number 2 in market cap, but recently has faced fierce competition, especially from Ethereum and Monero.Nonetheless, it continues to have a slightly more than $200 million market cap as the currency seemingly remains somewhat popular in China.bitcoin cash boliviaShow All ItemsWhat is Litecoin?Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.ubuntu bitcoin removeInspired by and technically nearly identical to Bitcoin, Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority.trade litecoin for euroLitecoin is intended by its developers to improve upon Bitcoin, offering several key differences.bitcoin difficulty in 6 months

As of November 2013, Litecoin had received extended coverage by mainstream media with agencies such as the Wall Street Journal, CNBC and The New York Times citing it as an alternative (or possibly even successor) to Bitcoin.bitcoin for noobLitecoin is the second largest cryptocurrency by market capitalization.Crypto-currency can be obtained by a number of different ways.bitcoin forum difficultyOne method is to simply exchange hard cash online for litecoin, bitcoin, or a currency of your choice.Another method is to contribute to the crypto-currency network and receive rewards in the form of Litecoin.This way you contribute to the transactional process of Litecoin and make money doing it./ //// and download the latest version of the LiteCoin wallet.Once the download is complete double click on the downloaded file (litecoin-0.8.7.1-win32-setup.exe) and follow the onscreen setup.Upon running the wallet for the first time, the wallet will need to sync with the LiteCoin network to ensure that it has the latest version of the block-chain (ledger of transactions).Ensure that the install location of the wallet has plenty of storage space (5-10 gb) set aside.

The wallet can take up a relatively large amount of storage space when it syncs up to the LiteCoin block-chain network.Step 2: Picking a Mining PoolShow All ItemsNext you will need to register with a mining pool.Because mining requires copious amounts of computing power, miners pool their computing power into a "pool"./LiteGuardian is a LiteCoin specific mining pool that offers competitive transaction fees and a easy to use interface.I would recommend to do independent research to find a pool that works for you as new ones are being put out regularly.A great resource for information is the Litecoin Wiki, which provides a great list of mining pools as well great general information.(https://litecoin.info/Mining_pool_comparison)Step 3: Installing SgminerShow All ItemsNext, we are going to download sgminer.Sgminer is the program that allows your computer to connect to your mining pool of choice and begin crunching numbers for the LiteCoin block-chain.There are a number of solutions to accomplish this:CGminer GUIMiner SgminerThe setup is primarily the same for most mining programs, with the exception of GUIMiner which provides a user interface.

/)Once your download is complete.Extract the contents of the .zip file to a easy to access location of your choice.In this example we will use the desktop directory.Inside the folder you will find the various files required for the program, here you will configure your pool information as well as fine tune your video card for mining purposes.Without any configuration launching the sgminer.exe file will present you with a command prompt window asking for pool and user information.Because this process is cumbersome and tedious we will make a simple batch file to quickly feed in the required information to the miner and provide you a simple way to fine tune your configuration.Step 4: Configuring SgminerShow All ItemsFor this process all you will need is a Notepad text editor and some basic information on sgminer configuration.A great resource for the various options that are available for sgminer are located in the documentation of the program, which is found in the sgminer directory we created.

The ‘README.md’ file can be read with either a text editor such as Notepad++ or Wordpad.We will be using Notepad++ in the example.Please take a minute to look over the documentation to understand the basic functionality.Using Notepad++ we will create a simple batch file to run sgminer with our customized parameters.Create a new file in Notepad++ and save it in the sgminer directory we created.Name the file what ever you like, just make sure to save it as a “Batch File”.See image above.Once created we can go ahead and input our parameters.The first line of code will be:This will ensure your graphics card is being fully utilized while mining.From here we will pass on mining pool information as well as the user information for that pool, this will ensure that you will be rewarded for the work that is contributed to the pool.:3334” with the URL of your chosen pool.This information will be available on the pools website.Along with that replace “Username” and “Password” with the credentials you created when registering with the mining pool.At this point if you were to save the batch file and double click it in the directory (should be saved in the same folder as sgminer), sgminer should launch and begin its mining process.

While the program now knows where to look for work, it is not optimized for your hardware and will run inefficientlyStep 5: Optimizing SgminerShow All ItemsMining benefits greatly from overclocking graphics hardware Using utilities such as MSI Afterburner allows for quick and easy tuning of your video card as well as monitoring of the its temperature./vga/afterburner/download.htm The LiteCoin Wiki page is a great source of information regarding the hardware configurations of various graphics cards.The article can be found here:https://litecoin.info/Mining_hardware_comparison This is a repository of many users experience with various configurations and setups for the many video cards supported.Take your time looking through the list to get an understanding of what to expect.Using the various options in the Wiki page as well as the README document you are able to define what speeds your card should run at as well as temperature controls to keep the card from overheating during operation.In this example we will use an AMD 7950 video card, our batch file will look like this:Once optimized, the mining rate should be substantially higher.Step 6: ProfitShow All ItemsOnce sgminer is up and running, the mining pool you signed up with will track your contributed mining work and reward you accordingly.