Antminer Bitcoin Gold BTG
The first larger crypto currency exchange to enable support for deposits (address generation) as well as trading of the new Bitcoin Gold (BTG) fork is. Trading markets for BTG are available for Bitcoin, Ethereum and USDT, though the BTC market is the largest one with almost 2000 coins volume in no time. The current exchange rate of BTG is about 0.025 BTC per coin or about 150-160 USD, so lower than the initial trading before the actual Bitcoin Gold network went online. At the moment there are still not a lot of BTG coins available on the market due to the fact that most users still haven’t claimed their Bitcoin Gold coins they got for holding BTC in their wallets, so that can cause initial spike in price back to higher levels until more coins are available.
There has been a lot of discussion around the Bitcoin Gold hard. The BTG distribution will happen exactly. Bitcoin miners [Review] Antminer. AntMiner S9 Profitability Profitability of BITMAIN AntMiner S9. Whitepaper on Bitcoin Gold (BTG). Bitcoin Gold – GPU MINING. Coinimal GbmH is an Austrian Start-Up Company, that specializes in Sellling and Buying Bitcoins & Co. It was founded in. Bitcoin Gold mimics Bitcoin in many important ways: block size, maximum number of coins, and transaction structure. The primary difference is in the hashing algorithm. BTG has chosen to employ Equihash, the same ASIC-resistant algo utilized most notably by Ethereum and Zcash. This will make Bitmain and all Antminers. Bitcoin Gold (BTG), the controversial cryptocurrency that launched to little fanfare with the idealistic goal of “making bitcoin decentralized again” by creating an ASIC-resilient mining ecosystem, wherein the gap between GPU/CPU mining and ASIC mining is smaller, keeps making headlines. This week a BTG developer,.
Although the initial start of the BTG network was a bit slow and not without issues now things are apparently getting normalized and we should soon see more exchanges adding the asset for trading. The Bitcoin Gold (BTG) team has announced the official launch time for the mainnet (currently on testnet) when the mining of the coin will become possible and its actual integration into exchanges and hopefully coin distribution and coins being possible to claim by Bitcoin owners that held BTC at the day of the blockchain snapshot. The official start date for start of Bitcoin Gold is set for 12th November (7:00 UTC) when the download of Bitcoin Gold full node client will be made available. The BTG blockchain will officially go live and the mining will begin and wallets and exchanges will be able to process deposits, withdrawals and trades (as soon as they are ready).
We are still going to have to wait a couple of more days or more for larger exchanges to evaluate the software and decide should they add support for BTG and distribute Bitcoin Gold coins to their users that had BTC available at the time of the blockchain snapshot. How Much Money Can I Make DigiByte DGB Mining. Update: The launch time was moved from the initially announced 7:00 UTC to 19:00 UTC. Copyright ©2014-2018 - - All About BTC, LTC, ETH mining as well as other alternative crypto currencies. This is a blog for crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), ZCash (ZEC) and many others. If you find helpful and useful information you can support us by donating altcoins or Bitcoin (BTC) to: 1AxbMZwtcmCByrHiaWwhse5r6ea1YgBwk1 ETH: 0x8d785ff337046444d8afbac169bcb7c0adfb3266 - LTC: LPYFPK7dL1uEtwrAteLmxs7w8Je446gAAJ - ZEC: t1gg5rWxeMBMsyDRMrq5PJdFLiWQ86LGggi.
Litecoin, or LTC, is a cryptocurrency that is fully peer to peer, similar to Bitcoin. As stated by its founder Charlie Lee, it is the silver to Bitcoin’s gold. The digital currency was introduced on October 7 th, 2011, during Charlie’s time as a Google employee. For historical purposes, the market cap of LTC in the middle of August 2017 is approximately $2.49 billion. It will be interesting to check on this statistic in August of 2018. It is an open source protocol that is fully decentralized, powered by the community of developers, holders and miners. It can also be considered as a testing grounds for Bitcoin, but we will get into that a little bit later.
It is one of the most transparent cryptocurrencies in the industry, publishing their financial statements on a monthly basis as well as their. Charlie Lee's creation is in many ways is a copy of Bitcoin, but with a few underlying changes that give it somewhat of an edge over its predecessor. The debate of will most likely continue until they both reach mass adoption or only one ends up surviving. Since they are both fully decentralized, it will be up to us, the users, to see them through. As much as we support Bitcoin, you cannot dismiss its younger brother for its speed, agility, and developer team. Transactions are currently much faster than that of Bitcoin, due to its shorter block creation time and. The Lightning Network also helps.
Litecoin founder Charlie Lee Lee founded this project during his time as a Google Engineer in 2011. Charlie worked at Google until 2013, when he was recruited by one of the most heavily funded cryptocurrency exchanges, Coinbase. At, Charlie was the Director of Engineering, working directly with founders Brian Armstrong and Fred Ehrsam.
This was a pivotal moment not only for Lee, but for the future of LTC as well. After nearly four years at Coinbase, Lee decided to focus on the full time and resign. He had already began to cut his hours in 2016, but decided to go full time after an extremely large in May of 2017. Sources say there is no animosity towards each other.
How to buy Litecoin Since Charlie Lee worked at Coinbase, he also managed to get his coin on their exchange! This was pivotal for its adoption as a store of value and payments network on the blockchain. You can also purchase it on other exchanges such as Bittrex, Kraken, and Bitfinex. You can use my referral link to download Coinbase and earn $10 in The Winklevoss exchange has yet to offer litecoin, but it is rumored that it and Ripple may be added to the exchange in the future. The litecoin foundation also has an app called, that allows you to both store you LTC and purchase it, through Coinbase of course! How to store Litecoin Cryptocurrency should be stored in asafe place.
There are a few different places to store your crypto depending upon your preference. We highly recommend utilizing a hardware wallet or cold storage device to manage your cryptocurrencies Litecoin Hardware Wallet.
Luckily, LTC is one of of the top cryptocurrencies, as determined by market cap. This means that you have a good chance of buying a hardware wallet that is compatible with litecoin!
Our two suggestions for a hardware wallet are the TREZOR Wallet and Ledger Nano S. You can read our full and upcoming Ledger Nano S Review as well to decide which one is best for you! The Ledger Nano S is also one of the only on the market! TREZOR Wallet Ledger Nano S Litecoin Updates • Payments through iMessage • New user interface • Loafwallet local holdings amount (local currency such as USD) • Lightning Network updates • Colored Coin proposal. LTC is perceived as the early adopter when compared to Bitcoin. It has taken years for Bitcoin to come to a decision about increasing the block size and. Charlie and his team took the bull by the horns and implemented SegWit during May’s upgrade, which also lead to around a 100% increase in its value.
The Litecoin Developer Update is a great video explaining the latest and greatest news from the foundation. You can read my summarized review of the developer update. SegWit have troubled the community for years. SegWit was a central topic in this hyped scaling debate. Charlie Lee and team activated SegWit much quicker than bitcoin did. Many speculate that this one action was the catalyst to the Hardfork we saw in the beginning of August 2017. SegWit allows for more transactions to be included in each block by removing the “Witness” part of the transaction and essentially throwing it away after it performs its verification duties.
Doing so allows for more data to fit into each block and increasing transaction speed. SegWit also enables new technologies and scaling solutions such as the. Litecoin Mining. Since LTC uses the Scrypt proof-of-work algrorythm, it makes ASIC mining more difficult.
Charlie Lee intended for the Scrypt algorithm to allow for miners to mine both BTC and LTC, while minimizing difficulty increases due to ASIC miners. Bitmain, arguably the most prevalent ASIC producer, has developed the Antminer L3+ that currently mines at a hash rate of 504MH/s. How to mine LTC There are thee ways to mine • Cloud mining • DIY mining rig • Wireless Mining via USB or Wifi Router Cloud Mining has a lot of benefits, such as no upfront costs of buying equipment, or configuring the installation.
While cloud based mining scams do exist, we have found very positive results from miners using Genesis. Genesis mining has been one of the largest cloud mining based firms so far, offering competitive mining contracts that range anywhere between 2 years and indefinitely. Unfortunately, Genesis is currently out of stock for their LTC mining contracts, but we hope that this changes in the future.
Take a look at our good friend Trevon James’s video when he actually visited the Genesis mining facility! We suggest Cloud based mining to those who don’t want to invest in a mining rig, or are uncomfortable building one on their own and getting it up and running properly. DIY mining rig While this article is specific to scrypt mining, we suggest taking a look at this article from our friends over at CryptoBadger.com. If you decide you want to build a DIY GPU mining rig, we suggest using a service such as Nice Hash to sell your mining power to them and get reimbursed in Bitcoins. It is really only profitable to mine altcoins with GPU rigs, but that doesn’t mean you can’t convert those earnings into a coin you actually want to invest in! We will write a more in-depth review on mining but here are the basics of what you would need. • • • FutureBit MoonLander 2 Scrypt Miner USB Stick.
Lee tweeted about this new USB based LTC miner called the FutureBit Moonlander 2 which claims to be the most profitable USB Stick miner in the world. The is unfortunately sold out! I really wanted to get my hands on one of these to write a review, but I'll see what I can do!
The original Moonlander mined around $2 a month at the time of release, and the Moonlander 2 was doing close to $10 a month depending upon the difficulty. The below are prototype specifications and are subject to change for the production version. • 3mh to 5mh scrypt performance per miner • uses about 1.5w/mh for most of that range • core clock from 500mhz to nearly 1GHz! • fully customizable core voltage range from.6 – 1v • Fully redesigned 5v->core voltage stage with about 95% efficiency • Heavy duty/over speced parts were used to ensure wide range of operation (stick can be pushed to nearly 6mh if you can cool it) • status LEDs for power, TX and RX transmission • uses latest bfgminer 5.4 for control • Will work with all Mac OS, Linux, and Windows based PCs, as well as RPi’s etc (and I will be offering easy to use pre compiled binaries). If you are interested in keeping up to date with the price of LTC, we would suggest you download Coinbase so that you can access up to date charts and prices for BTC, ETH, and LTC.
Is Litecoin mining profitable? That is such a great question. I’ve asked myself many times, I’ve checked the from Coin Warz, and I’ve watched a lot of videos. I’ve come to the realization that if mining one specific coin is your goal, get yourself an ASIC miner or pay for cloud based mining. When the cryptocurrency you are mining goes up, the break even point will decrease and you will have made your money back faster.
Using the specs from Coin Warz on the Antminer L3+ with a current price of approximately $47 (August 2017) and a $4,000 upfront cost due to inflated eBay prices and extremely limited supply. I'm calculating a payback period of around 150 days. Keep in mind this is just an estimate and can change due to a change in price and a change in the difficulty level.
Litecoin mining pool You can also join a mining pool such as Litecoinpool.org, where you put your hash power into the pool and receive daily payouts. The reason for joining a mining pool is that you will get consistent payouts rather than randomly mine LTC based on luck. One downside to joining a mining pool is that you typically give up between 20% - 30% of your earnings back to the pool. Should I invest in Litecoin If you're reading this, chances are you want to know whether or not you should invest. Full transparency, Blockchain Sensei is invested in LTC. I believe in Charlie Lee and his development team are working diligently to bring the project to the main stream through attractive user interfaces, and unmatched speed through the lightning network. There are also talks of atomic swaps being possible on the LTC blockchain, allowing you to make transactions across blockchains.
Being a believer in cryptocurrency and digital assets, it may be worth adding litecoin to your crypto portfolio. If you are thinking about mining, try to hold out for an Antminer L3+ or other ASIC miner. Disclaimer: BLOCKCHAIN SENSEI, is not affiliate with, endorsed or sponsored by any of the products, software or websites we discuss, We follow many procedures to ensure that information presented on this website is correct and up-to-date. However, BLOCKCHAIN SENSEI cannot be held liable for the information presented. This site is a free educational service and is not affiliated with any financial institution or the IRS. Please consult with your tax and/or financial advisors before making any decisions discussed by BLOCKCHAIN SENSEI.