Share Available from these sellers.Used (1) from $65.00 + $5.49 shipping Gridseed ASIC Miner for Litecoin and Bitcoin Mining Available from these sellers.What other items do customers buy after viewing this item?2,784 Rev 2 GekkoScience 2-Pac Compac USB Stick Bitcoin Miner 15gh/s+ (BM1384x2) 8 816 Sabrent 13 Port High Speed USB 2.0 Hub with Power Adapter And 2 Control Switches (HB-U14P) 824 Product description Used in a farm dedicated to Scrypt mining exclusively.333KH/s - 450 KH/s at 4-7 Watts through overclocking.I ran these on 4 Watt Raspberry Pi, so the low energy costs beats most products on the market, even to this day.Product information Product Dimensions 5.6 x 5.2 x 3.8 inches Item Weight 1.2 pounds Shipping Weight 1.2 pounds Manufacturer Gridseed ASIN B00J4XPKJU Origin Imported Item model number USB MINI 5-CHIP GC3355 Customer Reviews 3.8 out of 5 stars Best Sellers Rank #18,971 in Industrial & Scientific > Industrial Electrical > Wiring & Connecting > Cables & Interconnects #29,185 in Electronics > Accessories & Supplies > Cables March 20, 2014 Warranty & Support Product Warranty: For warranty information about this product, please click here Feedback If you are a seller for this product, would you like to suggest updates through seller support?

Would you like to tell us about a lower price?See questions and answers 5 star55%4 star24%3 star7%2 star1%1 star13%See all verified purchase reviewsTop Customer ReviewsNeat first asic you will never make your money back ...Awesome sell Does what it's suppose toEasy setup, lots of fun, don't expect to make much money doing it.do not buy this.and still happy with amazonDecent Scrypt MinerBetter than advertised Customer Images See all customer images Most Recent Customer ReviewsSearch Customer Reviewsbitcoin brute forcerCoblee (user id): [ANN Litecoin - a lite version of Bitcoin.bitcoin di bali internet forum, 2011. október 9.highest bitcoin hash rate(Hozzáférés: 2014. május 3.)kali linux bitcoin

„Using Scrypt allows one to mine Litecoin while also mining Bitcoin.”Litecoin, a peer-to-peer currency and open-source global payment network, announced it will be halving on Tuesday, Aug.25, marking what the Litecoin Association calls a milestone in the cryptocurrency’s 4-year history.The association has produced a video that describes the halving’s significance to Litecoin.After the halving, Litecoin will reward miners 25 coins rather than 50 new coins per block for solving blocks, Litecoin explained in a video.litecoin fx“The halving process doesn’t just happen once,” the video explained.bitcoin casino no minimum depositThis process happens every four years for both Litecoin and Bitcoin, as stated in their respective codes.As inflation slows, there are fewer coins for the market and everyone’s price rises, the video notes.

Acknowledging there has been a price decline prior to the halving, the video notes the most likely reason is that people expect the price to rise.“We should also point out cryptocurrency has come a long way since 2012 when bitcoin underwent its first halving,” the video notes.Another part of the equation is the miners, who invest in specialized equipment to mine the coins and must make a profit.Because their mining income will fall by 50 percent, they shut off a lot of their equipment unless the price rises to the point where it makes sense to continue.Miners face two options.One is the price rises and miners continue to operate.If the price doesn’t rise, the miners will no longer be able to operate.If this occurs, the network hash rate will drop as mining declines, resulting in a less distributed network.If the network hash rate drops low enough, the mining difficulty will automatically adjust itself.Those miners who stopped mining could be able to resume.“After all is said and done, the price will settle higher than it was” leading up to the halving, the video notes.

The Litecoin Association acknowledged in a release that there are concerns about the halving’s effect on Litecoin’s pricing, but noted that the price is not the currency’s paramount goal.Instead, the goal is to allow for the ability to send remittances within minutes, to store legal information digitally (eliminating fear of document shredding), and to provide self banking, all in a decentralized manner.To be able to accomplish these tasks are so momentous that it has attracted the attention of governments and trillion dollar industries!This is why we do what we do as an industry, Litecoin came into existence on Oct.7, 2011, with the processing of its genesis block.Developer Charlie Lee mined three blocks to test the network, and Litecoin launched on Oct.Also read: What just happened to Litecoin and bitcoin?While not the first altcoin, Litecoin has been the most successful, based on its adoption and acceptance within crypto communities, outside businesses and industries, and regional, state and governments, the association claimed.

Meanwhile, Litecoin activity grows daily among miners, traders, developers, merchants, exchanges and the public at large.It is listed on most crypto currency exchanges while businesses are beginning to accept and hold it as a form of payment., BTC Trip and eGifter.“Beyond community involvement, Litecoin has one of the strongest and most secure networks on Earth,” the associated noted.Litecoin surpassed the 1 terahash milestone in October 2014.This milestone was first achieved by bitcoin and only achieved by cryptocurrencies with specialized mining equipment known as application-specific integrated circuits (ASICs).This milestone ensures the strength and security of the network as a payment method.We at the Litecoin Association are both proud and humbled that we can play our small part in the crypto currency ecosystem and industry.The halving is a significant milestone for Litecoin, and with the support of the multiple communities, one step closer to defining the future for the world.