Is it easier to mine litecoin than bitcoin

I realize you can keep mining at a deficit but if you have less than 50% hashing power this will almost always be futile.

Which Altcoins Are Implementing SegWit? - Bitcoin Magazine

Charles Hayter,. which means that individuals can compete in mining it.Litecoin may just possibly become a better digital currency investment in the future than Bitcoin. to use less energy which makes it easier for miners to mine.

You actually have to commence an attack and there are costs involved.With Bitcoin, it was set at the extremely conservative value of 10 minutes because there was no data to work off of to set a block target scientifically.The result is about a 70% probability over a 1 week period and a 99.2% chance over a 1 month period.

Bitcoin Cash Is Now More Profitable to Mine Than Bitcoin

Since you have more hashing power than the competing chain, you WILL eventually have a longer chain (gambers ruin guarantees this).At 100 years bitcoin is vulnerable to a miner holding just 8% hashing power, while litecoin remains secure all the way up to 50%.

Litecoin vs Bitcoin: Comparing The 2 Most Popular Crypto

It depends on whether or not those Litecoins the attacker recovered still have any value after the attack.A Bitcoin mining pool with p2pool, litecoin mining pool and other cryptocurrencies.Litecoin - Is better use a good CPU or good. that you will get better results using. different proof of work function Bitcoin miners cannot mine litecoins.Generally we have assumed it takes 4 litecoin blocks to equal the security of 1 bitcoin block but this has always been a guess.Alvaro is interested in what Leo thinks of Litecoin and Bitcoin.Most generally: Over any period of time for which it is not economical to 51% attack Litecoin, a transaction is much more secure in Litecoin than it is in Bitcoin.

Mining pool comparison - Litecoin Wiki

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Ethereum is designed to be more flexible and useful than Bitcoin. Litecoin mining.

Why care that your windows are bulletproof if your front door is left wide open.The same problem over a month and a year is about the same and over 100 years the probability is a mere 0.0155609472527%.If I can mine many of them while they are inexpensive and easier to mine,.

Is Litecoin the New Bitcoin? - Innovation Insights

Initially this made it easier for people with home computers to mine,.

Crypto-currencies are headed for an uptrend lately and Litecoin is seen to have appreciated more than Bitcoin with a 400% increase.The practical consequence of this innovation has been that Bitcoin mining has become increasingly out-of-reach.Those transactions are what is most common in day to day commerce when the buyer expects to have their purchase completed in less than half an hour, and Litecoin can offer far more security for that than Bitcoin.Includes block data, exchange rates and difficulty information for mining.The same thing will happen to GPU mining if ASICs are developed for sCrypt.

#1 Best Litecoin Mining Hardware ASICs for Scrypt 2017

Generally, mining a S-crypt based cryptocurrency like Litecoin is no different than mining a SHA256 cryptocurrency Bitcoin.If you have 51% of the hashrate your chance to successfully double-spend is 100%.

3 Reasons Why Litecoin Is Better Than Bitcoin | Jackobian

Introduction To Litecoin - Business Insider

Intuitively it seems like a hard thing to do but in reality, if you do it enough times, it becomes not only possible, but downright likely, even with a mere 100 coin flips (warning:pdf).

How to mine virtual currency bitcoin altcoin dogecoin litecoin

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Bitcoin vs. Litecoin

Find out what your expected return is depending on your hash rate and electricity cost.

Bitcoin mining pool, Litecoin mining pool |

Is litecoin mining still. hash of Bitcoin mining if you were to mine Litecoin then. than you could possibly mine.

From that, it seems that six confirmations is a good number in that the improvement of protection from compute attacks per confirmation drops off sharply after six.

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On the other hand, in order to successfully double-spend you need to attempt to double spend.Bitcoin News: Why Litecoin Is Equally Good Or Better Than Bitcoin.This came out of some research I put into finding out the probability of a 51% attack for bitcoin.

Litecoin: The Digital Currency Growing Faster Than Bitcoin

After the 49% (honest nodes) have built their 6 confirmations, the recipient thinks the transfer is safe, and hands over the keys to their Porsche.The simplest intuition you can have about the value of a confirmation is this though: Basically, every confirmation adds an exponential factor AGAINST whoever has a minority share of computational power.

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