Litecoin Mining Profitability Calculator, Litecoin Cloud Mining Calculator

Free Litecoin mining calculator that will help you find out how profitable it is to mine Litecoin today. Enter your hash rate, power consumption, hardware costs and electricity cost to find out what will be your mining profit and mining difficulty in USD (or other currency) for mining litecoin now.

See Also: Litecoin to USD Converter, LTC to USD Calculator


Litecoin Mining Calculator

Powered by CryptoRival  

See Also: Best Litecoin Faucets with Instant Withdrawals, LTC Free Faucets 2020

 

What is Litecoin?

Litecoin (LTC) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. While inspired by, and in most regards technically nearly identical to Bitcoin (BTC), Litecoin has some technical improvements over Bitcoin, and most other major cryptocurrencies, such as the adoption of Segregated Witness, and the Lightning Network. These effectively allow a greater number of transactions to be processed by the network in a given time, reducing potential bottlenecks, as seen with Bitcoin. Litecoin also has almost zero payment cost and facilitates payments approximately four times faster than Bitcoin.

The Litecoin blockchain is capable of handling an high number of transactions at the same time. Due to more frequent block generation, the network supports 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.

Post a Comment

0 Comments