• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Litecoin: an easier mining solution to Bitcoin 1

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Litecoin: an easier mining solution to Bitcoin 2

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Ethereum price analysis – ETHUSD blasts past $1,200 as the euphoria takes over

    Ethereum price analysis – ETH/USD blasts past $1,200 as the euphoria takes over

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Bitcoin price analysis – BTC eyes $40,000 as bulls push forward relentlessly

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Litecoin News

Litecoin: an easier mining solution to Bitcoin

Camomile Shumba by Camomile Shumba
December 2, 2020
in Litecoin News, OP-ED
3 min read
Litecoin
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Litecoin: an easier mining solution to Bitcoin

Mining LTC or any cryptocurrency is a thrill for people who enjoy solving mathematical problems. Cryptocurrency is a consequence of the technological world.

There is nothing that could be more exciting than participating in the world of the innovative digital token. Supporting the crypto cause is fulfilling because cryptocurrencies have the potential to help the unbanked and replace reserve currency, which is vulnerable to inflation.

Many locations such as Latin America have issues with finding physical banks and have to deal with corruption from their Governments stealing from them. Crypto is a solution to many problems.

RelatedPosts

Litecoin price prediction: LTC to $180, analyst

Litecoin price prediction: LTC to break past $200, analyst

Litecoin price prediction: LTC towards $173, analyst

XRP vs Bitcoin: who wins?

There are a plethora of ways to support the crypto movement by investing in it, publicizing it, but mining for some is the most fulfilling one though there are some difficulties. The reality of mining is that it is not a cheap operation as it requires you to get software in most cases and spend money on electricity.

The way the blockchain is for each coin determines what machines need to be bought for mining to occur and how much energy they use.

Proof of work

Litecoin is easily more straightforward to mine than Bitcoin, and it is energy and cost-effective. Litecoin is similar to Bitcoin in terms of tech and monetary policy. 

Litecoin and Bitcoin are also similar because they both use proof of work. Proof of work is meant to be a more straightforward system as it makes it difficult for blockchain to be altered.

Hash

Litecoin and Bitcoin differ because LTC uses the mining algorithm Scrypt, which is an easy way for users to generate hashes. Bitcoin uses SHA-256.  A hash is a one-way cryptographic algorithm on a data chunk so, a data set will return one hash.

Hardware

The hardware to mine LTC is also readily available and more affordable. The ability to mine Litecoin can be done via a computer using its’ central processing unit (CPU).

Early on in the Litecoin journey, Bitcoin could be mined using CPU, but by 2011 the competition forced people to use a graphics processing unit (GPU). As competition continues to ramp up for both of them, Bitcoin is now mined through ASIC, while it makes more sense for Litecoin to be mined through GPU, making it the cheaper option.

LTC will continue to be the easier option because of the fact it will always have less competition than Bitcoin as it is not anywhere near as popular.

Energy

Litecoin also uses far less energy than Bitcoin, making it more convenient. Bitcoin miners in China often have to relocate to find cheaper energy when energy prices go up. 

Bitcoins consume over 30 Terrawatt hours (TWh) per year, which is the same as Serbia and Denmark annually. Litecoin is quicker than Bitcoin and consumes less than half of the energy that Bitcoin does.

Litecoin was designed to be a lighter alternative to Bitcoin, and the coin has certainly accomplished that. Litecoin is an easier coin to mine because of the software it uses and the way it is designed, and the energy it consumes.

For anyone looking to start mining, mining Litecoin is the best way to begin.

Tags: Bitcoin Industry
Camomile Shumba

Camomile Shumba

I am a freelance journalist that is always learning and investigating. I explore how current issues affect you. My training in journalism has enabled me to write thorough and compelling content.

Related Posts

Litecoin price prediction_ LTC to $180, analyst
Litecoin News

Litecoin price prediction: LTC to $180, analyst

January 7, 2021
Litecoin price prediction_ LTC to break past $200, analyst
Litecoin News

Litecoin price prediction: LTC to break past $200, analyst

January 6, 2021
Litecoin price prediction_ LTC towards $173, analyst
Litecoin News

Litecoin price prediction: LTC towards $173, analyst

January 5, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021
Crypto market cap

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
Litecoin price prediction_ LTC to $180, analyst

Litecoin price prediction: LTC to $180, analyst

January 7, 2021
Ripple price prediction: Rise to $0.45 ahead, analyst

Ripple price prediction: Rise to $0.45 ahead, analyst

January 7, 2021
Bitcoin price prediction: BTC to $43,000, analyst

Bitcoin price prediction: BTC to $43,000, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.