Litecoin continues to rise in popularity, as one of the leading mining manufacturers lists new litecoin hardware on its website.Bitmain, based in China, recently listed the Antminer L3+ miner online, with manufacturing and shipping to be completed in July.With prices starting at $1370, the company claims that it is one of the most powerful and efficient litecoin compatible miners on the market, operating at a peak hash rate of 504 MH’s (megahashes per second) and consuming 1.6 J/MH (Joules per megahash).This and other new developments in mining hardware are further strengthening litecoin’s position following a surge of interest in the past two weeks.Miners have been showing support for the proposed software update – SegWit – that if confirmed will improve the network’s potential to efficiently process transactions quicker than leading cryptocurrency Bitcoin.The price of a single litecoin shot to almost $12 on Wednesday 12th April, an increase of 20% from the previous day, and nearly a three-year high after it spent years languishing behind bitcoin and its other large rival, Ethereum.

Support for the software upgrade was rapidly approaching the 75% threshold required for the process to take effect at the end of last week.According to Charles Hayter, CEO of CryptoCompare, litecoin has achieved what bitcoin and ethereum have both failed to do: “it has managed to break through an impasse by offering a scaling solution.” SegWit will enable miners to process more coins into each litecoin blockchain by stripping out data from litecoin transactions.For buyers this means increased ease transferring the balance from one litecoin to another, an ‘off-chain’ transaction that isn’t processed by the primary litecoin network, causing a reduction in fees.Despite a recent attempt ethereum didn’t quite reach the consensus required to split its network into two separate coins, a fate that bitcoin also shared in March.As long as litecoin remains scalable, it has been discussed that it could gain market share from bitcoin due to the two currencies sharing similarities in their codebases.

Petar Zivkovski, director of trading platform Whaleclub’s COO, has stated that “SegWit activation is very likely to create a mid-term bullish trend which will increase litecoin’s market cap.” However, he firmly believes that what is good for litecoin will also be good for bitcoin due to “some amount of wealth transfer from bitcoin to litecoin, simply because the most convenient way to buy litecoin is to use bitcoin.” Although it is rapidly being accepted and utilized by global brands and online retailers, cryptocurrency is yet to be fully embraced by one of the largest growing online industries, namely the Casino industry.PokerStars, one of the leading online platforms in the industry, is one such company that hasn’t integrated litecoin or any of its rivals, stating as yet that it is not on their ‘roadmap.’ Although there are numerous online platforms offering casino-based games that do accept bitcoin, partnering with the leaders in the industry must surely be the way forward to secure the future of cryptocurrency in the market.

And for now at least miner manufacturers like Bitmain aren’t committing themselves to allocating significant resources to litecoin hardware, despite SegWit-related support from mining pools like China’s F2Pool, due to the very simple fact that litecoin is still only worth a fraction of the market value of bitcoin.Header image courtesy of Flickr TRADE ACCOUNT NEWS AFFILIATION FAQ Sign up Sign in HOW IT WORKS Choose the amount/type of ZeusHash node you desire ZeusHash allocates node for you automatically Full node power is generating your chosen crypto currency tirelessly You can check your account using ZeusHash website on PC or mobile devices to see your income Turn your crypto currency income into real profit ZEUSHASH NODE Developed by and for crypto lovers.amsterdam bitcoin center7 x 24 Full Hashing Power ZeusHash currently maintains approximately 5% of total Bitcoin (SHA-256) hashrate and 10% of total Litecoin (Scrypt) hashrate with ability to increase anytime.acquisto bitcoin

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ZEUSMINER Rockminer New R-box Antminer C1 1000Gh/s ZEUSHASH ZeusHash Video Terms & condition Distributors Tutorial ABOUT ZEUS About Us Forum HALLEY GHS C ≥ 0G $0.399 0% OFF ≥1G $0.399 BATCH I MHS ≥ 1G $10.99 31.26% OFF ≥ 400M $11.99 25.01% OFF ≥ 50M $12.99 18.76% OFF ≥ 10M $13.99 12.50% OFF ≥0.1M $15.99bitcoin miner dubaiNewsLitecoin’s Difficulty Falls to 2016 Lows Litecoin’s difficulty has dropped to the 2016 lows, even as Bitcoin’s difficulty reaches new all-time highs, in the latest Litecoin difficulty update yesterday, according to data from Bitcoinwisdom.bitcoin lazadaLitecoin has been struggling to gain more popularity in recent months, especially after the recent surge in the price of Ethereum.bitcoin usb miner

Litecoin was once seen as ‘silver to Bitcoin’s gold’.However, the price of Litecoin has increased over the last few weeks when Ethereum has struggled, and it now stands at over $3.5 per Litecoin, according to data from Coinmarketcap.Litecoin’s hash rate dropped to 1,378 GH/s from 1,481 GH/s for a drop of 6.95%.This drop means the hash rate and difficulty reached the lowest points in 2016.Litecoin started the year with a hash rate of around 1,480 GH/s and a difficulty of 51,718.The current network difficulty is 48,114.On the mining front, there are no reliable ASICs for scrypt yet that can consistently outperform GPUs and make a profit after taking the hardware and electricity costs into consideration.Litecoin was the first major coin to shift to scrypt from SHA-256, which is a memory-intensive proof of work and therefore any ASICs will only have a limited upside compared to regular miners, since memory is more expensive than simple processing.Litecoin currently stands behind Bitcoin and Ethereum in total market capitalization.