Bitcoin machine

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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lightcoin

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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. What is a litecoin? What's the difference between lightcoin and bitcoin? On October 7, 2011, a network organization announced the release of a new P2P virtual currency, called lightcoin (LTC). Litecoin is short for LTC, and its English name is litecoin. Lite means lightweight. The meaning behind litecoin is lightweight currency. In fact, the launch concept of lightcoin LTC is to solve some disadvantages of bitcoin itself. Based on bitcoin, it has made some optimization and improvement.

3. ....

4. At present, the total network computing power of lightcoin is about 400g. It is impossible for any miner to achieve this calculation power. At present, the calculation power of the world's best lightcoin miner is less than 1G. It is estimated that such a high computational power is sky high

when Leyte coin was born, its founder claimed that Leyte coin was not suitable for AISC. Now, Leyte coin has fallen sharply, which has nothing to do with mining machinery manufacturers

I guess it's bitcoin miner. Miner with 400g computing power is very common. The mainstream Avalon 3 single-mode group 290g on the market, the price is only about 1800. The price of ant s3440g is 2550 yuan.

5. On October 7, 2011, a network organization announced the release of a new P2P virtual currency, called lightcoin (LTC)

litecoin is short for LTC, and its English name is litecoin. Litecoin stands for lightweight. The meaning behind litecoin is lightweight currency
1. Bitcoin generates a block every 10 minutes, while lightcoin LTC generates a block every 2.5 minutes. This means that lightcoin has faster transaction confirmation efficiency. Bitcoin transfer sometimes takes 1 hour or even longer to arrive at the account, but lightcoin generally takes less than 20 minutes to confirm

2. Since the LTC speed of lightcoin is four times that of bitcoin, and the reward of each block is the same as bitcoin, the total amount of money is four times that of bitcoin, which is 84 million lightcoins, which is higher than that of bitcoin<

3. Bitcoin adopts sha256 encryption algorithm, and lightcoin adopts script encryption algorithm. Compared with bitcoin, lightcoin LTC has a slightly lower computational load, which makes it easier to mine and more suitable for graphics card
(GPU) operation. At the same time, FPGA (field programmable gate array) and ASIC (application specific integrated circuit) implemented for script are better than sha256 used for bitcoin, More expensive.

6. Six graphics cards: sapphire rx470d; Power supply Julong 1250d; Main board jwh81; Cup Celeron G1860, memory 4G; SSD hard disk 60g; Matching adapter line, rack frame; The Ethernet computing power is about 150-160m. Graphics card miner, the system is fully debugged, after the arrival, you only need to change to your receiving address, stability is the king.

7. If you use the scrapped machine, you can't make a profit. The better the market, the more difficult the mining

8. The "encirclement and suppression" of bitcoin by the regulators makes it difficult for bitcoin's peripheral businesses to do well. According to Taobao's previous announcement, starting yesterday, Taobao banned the sale of bitcoin and mining machines that proce bitcoin. However, a reporter from Beijing Business Daily found that the ban on Taobao did not have any real effect. Yesterday, Taobao website could still buy bitcoin mining machines
at 11 a.m. yesterday, a reporter from Beijing business daily could still find nearly 300 results when searching for "bitcoin mining machine" on Taobao website. However, at 18 p.m. yesterday, a reporter from Beijing business daily searched again for the keyword with "bitcoin", and the page began to show: according to relevant laws, regulations and policies, it is impossible to display the relevant procts of "bitcoin". However, if you only search for "mining machine", more than 6000 bitcoin mining machine results will appear. Many sellers told Beijing Business Daily that they were not affected by the ban on Taobao
according to the "rules on the prohibition of new virtual currencies such as bitcoin" recently released by Taobao, the sale of Internet virtual currencies such as bitcoin and lightcoin will be banned. At the same time, the mining tutorial of bitcoin and other virtual currencies as well as the software and hardware such as bitcoin mining machine will also be banned. This rule has been implemented since yesterday
in fact, bitcoin mining machine is a machine that proces bitcoin by computing, which is essentially a high-performance computer, so it is called "mining machine". At present, there are many kinds of bitcoin mining machines on the market, and the prices range from several hundred to tens of thousands of yuan. A seller of a bitcoin mining machine on Taobao said that a bitcoin mining machine with a value of more than 10000 yuan can proce about 0.06 bitcoins a day, which is about 300 yuan at the current market price of 5000 yuan
but can the Taobao ban really stop the sale of bitcoin mining machines? A seller of Taobao told the Beijing Business Daily that their Taobao shop mainly exports mining machines to the United States, leaving several in China every day. Even if Taobao doesn't let them sell mining machines, they will still sell them to some old customers and some big customers in China in the future
market participants believe that since the ban on Taobao has not been in effect for a long time, there may be a small number of sellers who are still selling procts related to bitcoin, but this is only a short-term behavior, and bitcoin related procts should be withdrawn from Taobao soon
according to the reporter of Beijing business daily, Taobao's official punishment for shops violating the ban is also relatively severe. Taobao's relevant person in charge told the media that once the seller continues to sell bitcoin or bitcoin mining course, the seller will receive a 12 point dection. If the case is serious, the seller will receive a 48 point dection and close the store directly.

9. It's the same miner, but the requirements for computing power are different. The settings are also different. Ask others.