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.linux bitcoin data directoryIt’s about time to take a turn out front.” The Litecoin blockchain is barely used, with blocks usually less than ten kilobytes.bitcoin casino crapsIt 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.bitcoin price falling 2015

It was created in 2011 as a backup to bitcoin, marketed at the time as the silver to bitcoin’s gold.what litecoin pool should i joinIt long stood as number 2 in market cap, but recently has faced fierce competition, especially from Ethereum and Monero.bitcoin linux walletNonetheless, it continues to have a slightly more than $200 million market cap as the currency seemingly remains somewhat popular in China.dogecoin starting priceOne of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user.I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac.So, this is for the individual or group that wants to get started the easy way.

Bitcoin mining is a very competitive niche to get into.As more and more miners come on board with the latest mining hardware the difficulty to mine increases each day.Before even starting out with Bitcoin mining you need to do your due diligence.This means you need to find out if Bitcoin mining is even profitable for you.The best way to do this is through the use of a Bitcoin mining calculator.Just enter the data of the Bitcoin miner you are planning on buying and see how long it will take you to break even or make a profit.However, I can tell you from the get go that if you don’t have a few hundred dollars to spare you probably won’t be able to mine any Bitcoins.Once you’ve finished with your calculations it’s time to get your miner.Make sure to go over our different Bitcoin mining hardware reviews to understand which miner is best for you.Today, the Antminer S9 is the newest and most powerful miner.88%Read review95%Read review81%Read review83%Read review79%Read review76%Read review70%Read review As a side note it’s important to state that in the past it was possible to mine Bitcoins with your computer or with a graphics card (also known as GPU mining).

Today however, the mining niche has become so competitive that you’ll need to use ASIC miners – special computers built strictly for mining Bitcoins.First thing you need to do is get a “Bitcoin Wallet“.Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins.Once you have a wallet make sure to get your wallet address.It will be a long sequence of letters and numbers.Each wallet has a different way to get the public Bitcoin address but most wallets are pretty straight forward about it.Notice that you’ll need your PUBLIC bitcoin address and not your PRIVATE KEY (which is like a password for your wallet).If you’re using a self hosted wallet (i.e.you downloaded a program to your computer and are not using an internet based service) there’s one additional very important step.Make sure you have a copy of the wallet.dat file on a thumb drive and print a copy out and keep it in a safe location.You can view a tutorial on how to create a secure wallet here.

The reason is that if you computer crashes and you do not have a copy of your wallet.dat file, you will lose all of your Bitcoins.They won’t go to someone else, they will disappear forever.It is like burning cash.Now that you have a wallet you are probably roaring to go, but if you actually want to make Bitcoin (money), you probably need to join a mining pool.A mining pool is a group of Bitcoin miners that combines their computing power to make more Bitcoins.The reason you shouldn’t go it alone is that Bitcoins are awarded in blocks, usually 12.5 at a time, and unless you get extremely lucky, you will not be getting any of those coins.In a pool, you are given smaller and easier algorithms to solve and all of your combined work will make you more likely to solve the bigger algorithm and earn Bitcoins that are spread out throughout the pool based on your contribution.Basically, you will make a more consistent amount of Bitcoins and will be more likely to receive a good return on your investment.

When choosing which mining pool to join you will need to ask several questions: To answer most of these questions you can use this excellent post from BitcoinTalk.You can also find a complete comparison of mining pools inside the Bitcoin wiki.For the purpose of demonstration I will use Slush’s Pool when mining for Bitcoins.Once you are signed up with a pool you will get a username and password for that specific pool which we will use later on.Follow the link to go to their site and click the “Sign up here” link at the top of their site and follow their step by step instructions.After you have your account set up, you will need to add a “Worker”.Basically, for every miner that you have running, you will need to have a worker ID so the pool can keep track of your contributions.Now that you’ve got the basics covered we’re almost ready to mine.You will need a mining client to run on your computer to that you will be able to control and monitor your mining rig.Depending on what mining rig you got you will need to find the right software.

Many mining pools have their own software like Bitminer but some don’t.You can find a list of Bitcoin mining software here.I’m using a mac so I will use a program called MacMiner.The most popular program I’ve found for a PC are BFGMiner and 50Miner  .If you want to compare different mining software you can do this here.OK, so hopefully now everything is ready to go.Connect you miner to a power outlet and fire it up.Make sure to connect it also to your computer (usually via USB) and open up your mining software.The first thing you’ll need to do is to enter your mining pool, username and password.Once this is configured you’ll basically start mining for Bitcoins.You will actually start collections shares which represent your part of the work in finding the next block.According to the pool you’ve chosen you will be paid for your share of coins – just make sure that you enter your address in the required fields when signing up to the pool.Here’s a full video of me mining in action: To conclude this article here’s something to consider.