One year's income from lightcoin mining

1.

According to the current difficulty calculation, we can dig about 1.012 Laite coins a day. This is the average calculation result in the mine pool. If there is an efficient mine pool or solo, maybe more

litecoin (abbreviated as LTC, currency symbol: 321;) It is a kind of network currency based on "peer-to-peer" technology. It is also an open source software project under MIT / X11 license. It can help users make instant payments to anyone in the world

lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central organization. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places

design purpose

it is based on bitcoin protocol, but it is different from bitcoin in that even at the present stage, it can efficiently "mine" through consumer hardware. Liteoin provides you with faster transaction confirmation (2.5 minutes on average). It uses hard memory and mining workload proof algorithm based on scrypt (an encryption algorithm). It is oriented to ordinary computer and graphics processor (GPU) used by most people. The litecain network is expected to proce 84 million currency units

one of the design purposes of litecoin is to provide a mining algorithm, which can be run simultaneously on the bitcoin mining machine. With the rise of application specific integrated circuits (ASIC) designed for bitcoin mining, litecoin is also closely following the technological evolution. But before the widespread use of litecoin currency, it is unlikely that there will be an application specific integrated circuit (ASIC) specially designed for litecoin

related website community

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official website of litecoin

official forum of litecoin

lightcoin China community

transactions

a peer-to-peer network similar to bitcoin handles lightcoin transactions, balances, and issues through a script workload proof scheme (when a sufficiently small hash value is found, the, A block will be created, and the lightcoin will be issued. The process of discovering the hash value and creating the block is called "mining"). The issuing rate of Leyte coins is reced by half every four years (every 840000 pieces) according to the proportional sequence, and finally the total number of LTCs is 84 million. Unlike bitcoin, the memory intensive feature of script makes it more suitable for "mining" with graphics processor (GPU). FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are more expensive than sha256 used for bitcoin

currently, lightcoin can exchange legal tender and bitcoin, most of which are through online trading platforms. Revocable transactions (such as credit card transactions) are generally not used to purchase Leyte, because Leyte transactions are irreversible, which brings the risk of refund. As of April 25, 2013, a Leyte is worth about $3.97 or 0.028 bitcoin. This makes Leyte the second largest electronic currency with a market value of about $35 million

client

litecain is a free software project released under MIT / X11 license, which allows you to run, modify and the software according to your own needs. You can also release a modified version of the software if you like

the software is released in a completely transparent form, and users can independently verify the binary version and the corresponding source code

mine pool

the lightcoin is generated by "miner's mining". Mining is done by hashing with computer graphics card. If the value of "mine burst" is calculated, the system will reward 50 lightcoins at one time. At present, the computing power of lightcoin is growing rapidly, and the miner can't find the mine through several computers. Therefore, it is necessary to join the mine pool, which collects all the computing power, It is estimated that the probability of calculating the "blasting" value is higher

at present, the well-known mine pools include BTCC (original bitcoin China) mine pool, waltc.net fish pool (f2pool), wemineltc, coinotron, silverfish, liteguardian, litecoin pool.org, etc. But at present, the highest income is f2pool. Recently, it launched lightcoin theory income + 10% of mine pool subsidy = your actual income, which has attracted the attention of many miners and the instry

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the world's main active countries, the exchange rate of digital currency <

symbol

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lightcoin

LTC

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coblee

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litecoin / org

~ $3.6 billion

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script

data block chain

litecoin block chain, compared with its competitor bitcoin, can handle larger transaction volume. Due to the more frequent generation of data blocks, the network can support more transactions without modifying the software in the future
as a result, businesses can obtain faster transaction confirmation, and they can still wait for more transaction confirmation when they sell large value procts

In fact, digital virtual currency is far from the above. Forbes magazine listed the top 30 virtual currencies in the market by their total market value and price as of 10:00 a.m. local time on the 27th. Caijing.com and venture capital Post said that there are at least 60 kinds of virtual currencies currently traded According to the Forbes report, bitcoin ranked first in market value and unit price. It was the lightcoin designed by Li Qiwei, a former Google programmer, that won "erlianya". In the past week up to the 27th, the price of lightcoin rose rapidly from $6 to $26, a considerable increase. The third to fifth place in the total market value are spot money, nominal money and prime money. The report counted the 24-hour gains as of the 27th. Almost all of the 30 currencies rose, with the biggest increase of the quark currency, reaching 278.55%. The report also said that almost all virtual currencies have taken a ride in the current round of bitcoin's rise, but most of them have poor business, with 8 companies with a total market value of less than $1 million and 19 companies with a unit price of less than $1

2. It's hard to say. Anyway, lightcoin mining is basically no longer profitable, so is bitcoin. Some time ago, e to the sharp drop in the price of lightcoin, Zeus lightcoin cloud mining project has stopped mining. The mining of Laite coin is still so, and the mining of indivial investors is even more difficult. There are different opinions about the cost of bitcoin mining, some say 1500, some say 500. This has something to do with the performance and electricity price of the mining machine.

3.

The output of 28m Leyte coin miner is as follows:

the power consumption of different Leyte coin miners is different, which cannot be calculated accurately

4.

The monthly output is about 1.299 leytes, as follows:

5.

as a middle-aged miner for 13 years, let's talk about the feeling of mining before.

I bought four mining machines in the past. Bitcoin uses CPU and I'm not familiar with it, so I use the form of buying graphics card to dig Wright's coin.

the first one is a simple double card mining machine, not a mining machine strictly speaking, but a double 7950 machine, At that time, I thought about digging for a while. If I didn't make money, I could still play games by myself. As a result, I found that the efficiency was really not high. Later, I used to dig some dog money and play with it.

the second one was the popular 6-card miner in those years. At that time, there was a powerful motherboard, which could run for 6 yuan by connecting with the PCI adapter and changing the BIOS. At that time, I could dig a lot of Wright's money every day with this machine, It's a pity that there are too many people digging, so it took more than 80 days to dig the coins. The third and the fourth are professional mining machines. At that time, the new chips were used to mass proce mining machines. Although they were expensive, the power consumption decreased a lot. It took about a year to dig, In the end, he retired, g up other counterfeit coins for a while, and then sold them.

generally speaking, many websites have no credibility at all in the past few days. They actually know what the concept of excessive increase in computing power is after digging up the money.

when ZF suppressed it, the assets immediately shrank by nearly 70%, but they still didn't sell because of their faith, On the contrary, after selling the miner, I bought some coins and put them in my hand. When I bought 100, I g them and only bought 15. Hey, the miner was sealed and put under the bed. After waiting for three years, I found that it rose again. This year, when bitcoin rose to 2W, I sold some Leyte coins and paid the down payment. Almost 300 of them were sold. Now it seems that the highest is 380, Ha ha

now I still have some money in my hand, and I plan to hold it for a long time, but I won't dig any more. However, I still have a lot of orders with our first-class suppliers. In the past two months, I sold nearly 150 cards, and the more I sold, the more I sold. Some cards are about to double, which is even crazier than that in 2013, The existence of e-money has its own value in the end, but it does not deny that there are so many speculators who come in to fight. There are indeed those who pursue the price. After the boom, there will be a wave of leeks cutting. In the final analysis, bitcoin is just an investment. Everyone feels different about the risk. The strength of big funds is still strong, and it is inevitable for retail investors to be cut, But it's better than A-share at least.

mining is not a good thing. The big miners are in the remote areas with low electricity charges, many mining machines and low cost. Most people dig at home, and that's just a little fuss.

finally, it's not a good thing to grow too fast. Those who are confident can come in and show their operation. If they don't have much ability, don't come in, Only by routine

6. I'm Cao. Now I'm 2000 yuan. You can buy 100 units this day

7. Now the official did not release specific parameters, I give the subject a simple analysis of the costs and benefits, use conditions
first of all, it's a home route, which means that it doesn't consume much power and can pass the standard of heat dissipation, so it can be put at home and there's no need to rent a site.
overall, compared with large mines, the cost is very low, and the key is the income brought by computing power. In the case of low cost, the profit must be stable, so don't expect to get rich
for adoption

8. There is basically no way to answer this question. Because the competition of lightcoin mining machine manufacturers fell into last year's bitcoin type arms race. The addition of major lightcoin mining machine manufacturers has greatly increased the computing power of lightcoin, which is about 300g at present. But the difference is that the price of Leyte currency has plummeted all the way. At present, the price of Leyte currency has dropped to 25 yuan

your calculation power is relatively small, and you can't dig much money in a year. Now we can't even go back to mining

unlike bitcoin, the sharp increase in computing power of bitcoin last year also led to a sharp rise in the price of bitcoin. The most reliable personal feeling in virtual currency is bitcoin. If you want to mine, you'd better mine bitcoin and buy a professional Avalon miner.

9. The rise and fall of bitcoin are mainly related to the following factors:
1
2
3. Regulatory policy
the same is true for Leyte, Pu Yin and dog coin.