Showing posts with label minning software. Show all posts
Showing posts with label minning software. Show all posts

Saturday, 20 September 2014

Litecoin

What is Litecoin?             

Litecoin


Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.


Community

Community

Find support across a growing number of Litecoin communities:
  • Litecoin Forums
  • Reddit Litecoin
  • Search for Users on Twitter
  • IRC FreeNode network channels#litecoin (for general users) and#litecoin-dev (for developers).

    Resources

    Resources

    Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
    Up-to-date network statistics can be found at Litecoin Block Explorer Charts.
    Source code for Litecoin-Qt and related projects are available on GitHub.
  • Open-Source

    Open Source Software


    Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
  • Blockchain

    Blockchain

    The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
    As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
  • Wallet Encryption

    Wallet Encryption


    Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
    This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
  • Rewards

    Mining Reward


    Miners are currently awarded with 50 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). 
    The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

    You can contact Litecoin project development team at contact@litecoin.org

Bitcoin Mining Software


                                                   

Bitcoin Mining Software While the actual process of mining is handled by the mining hardware itself, special software is needed to connect your miners to the blockchain and your mining pool as well, if you are part of a mining pool. The software delivers the work to the miners and receives the completed work from the miners and relays that information back to the blockchain and your mining pool. The software can run on almost any operating system, such as OSX, Windows, Linux, and has even been ported to work on a Raspberry Pi with some modifications for drivers depending on your mining setup.
Not only does the software relay the input and output of your miners to the blockchain, but it also monitors them and displays general statistics such as the temperature, hashrate, fan speed, and average speed of the miner.
There are a few different types of mining software out there and each have their own advantages and disadvantages, so be sure to read up on the various mining software out there.

A few examples of mining software:

EASYMINER: A GUI based miner for Windows, Linux and Android. EasyMiner acts as a convenient wrapper for the built in CG & BFGminer softwares. It auto configures your miners and provides performance graphs to for easy visualization of your mining activity.
Download: http://www.butterflylabs.com/drivers/
BFGMINER: A modular ASIC, FPGA, GPU and CPU miner written in C, cross platform for Linux, Mac, and Windows including support for OpenWrt-capable routers.
Download: https://github.com/luke-jr/bfgminer
CGMINER: This is a multi-threaded multi-pool GPU, FPGA and ASIC miner with ATI GPU monitoring, (over)clocking and fanspeed support for bitcoin and derivative coins.
Download: https://github.com/ckolivas/cgminer
If you want to get a better idea of mining without installing any software, try Bitcoin Plus, a browser-based CPU Bitcoin miner. As a CPU miner it's not cost-efficient for serious mining, but it helps illustrate the process of pool mining.