Litecoin Mining – Instructions, how Litecoin Mining works!

Litecoin Mining – Litecoin is one of the oldest crypto currencies on the market. It can be traded since October 2013. The crypto currency was one of the first hard forks from Bitcoin. Litecoin is called LTC for short, it is often compared with it and both are similar in many respects.

At the same time, Litecoin has many advantages over Bitcoin, such as better scalability and lower fees. What the differences are in Litecoin Mining and what the mining instructions look like, you can find out here.

Litecoin Mining – What hardware is needed for a Bitcoin trader?

Litecoin, like Bitcoin, uses the proof-of-work process to generate new blocks. As far as the algorithm is concerned, the onlinebetrug Review is used. This means that both graphics cards and specially designed ASIC processors are used as mining hardware for Litecoin Mining. ASICs are usually more expensive to purchase, but they have a higher performance and thus create more hashs. The more hashs the computer makes per second, the higher the probability that a new block will be excavated.

With the current difficulty of digging a new block, mining with graphics cards is hardly worthwhile anymore and ASICs are therefore preferred. A CPU or GPU is also not enough to successfully mine, instead several of them have to be purchased. The electricity costs should also be considered. The computer will run the whole day and consume a lot of power. A Litecoin Mining Calculator can help to find out when Litecoin Mining is profitable.

With the calculator one enters into the Bitcoin revolution

Then it is determined how many Litecoins are mined on average on In any case, it will take a while until you have your expenses. However, if the hash power of the hardware is not strong enough to at least recoup the electricity costs, then the purchase does not pay off. The Mining Calculator can help to prevent this.

In general, the question arises whether one assembles one’s own rig (this is how miners call the computer for prospecting), buys a prefabricated rig, which is delivered with all important hardware parts. Or you can use the computer that is already in the room. Since the requirements to the computer are however very high and it needs also several graphic cards or ASICs, so that also what jumps out, the latter is not worthwhile mostly.

If you put the rig together yourself, you need a good mainboard next to the graphics cards or ASICs. The mainboard connects all hardware components with each other. When purchasing the mainboard, make sure that there is enough space on it. Otherwise, additional PCIe connectors have to be purchased to accommodate all parts. You should make sure that there is enough space between the hardware components. This promotes ventilation.

Of course, this alone is not enough, a good cooling is also necessary. After all, the rig does hard work 24 hours a day. Overheating due to insufficient cooling can lead to damage or even pose a safety risk. The same applies to the power supply unit. Here, too, quality should not be compromised. Quite in contrast to the housing. The rig does not have to look chic and can easily reveal the inside.