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Litecoin (LTC) is a cryptocurrency created as a fork of Bitcoin in 2011. It uses a hashing algorithm called Scrypt that requires specifically designed mining software and hardware. It is minable, and continues to rank in the top cryptocurrencies for value and trading volume. Litecoin mining is the process of validating transactions in the blockchain, closing the block, and opening a new one. Litecoin uses the proof-of-work consensus mechanism, which uses computational power to solve the nonce, which is part of the hash, that secures the block. The hash is the alphanumeric sequence of numbers that is encrypted by the hashing algorithm. When the nonce is solved, Litecoin is rewarded. Litecoin mining became popular in 2011 when Charlie Lee, a software engineer at Google
$5110——6930 /USD
$8311——8888 /USD
$7899——10200 /USD
New Bitmain Antminer K7 CKB Mining Machine is Coming Last weekend, crypto prices continued to bounce higher heading, led by DOGE, which surged by more than 100% over the week after Elon Musk`s acquisition of Twitter was complete. Last Thursday, Elon posted a video of himself walking into Twitter premises holding a sink, which sparked excitement within the DOGE community and ignited the price of DOGE to explode by 10% in just five hours. Meanwhile, Bitmain posted a Twitter on November 1, announcing that the new CKB miner Antminer K7 is coming. Today, let`s take a look about the new CKB miner-...
Read MoreThe turmoil triggered by the sudden collapse of the FTX cryptocurrency empire is rippling through the bitcoin futures market. IlanSolot, co-head of digital assets at MarexSolutions, said the bitcoin futures curve is in what's known as Backwardation, meaning the spot price of bitcoin is higher than the futures price, something that didn't happen in previous sell-offs. "The obvious answer is speculative short selling, probably by institutional investors who prefer to trade futures, some of which may be proxy hedging for investors whose money is locked up, bet or not available," Solot said....
Read MoreProduct model: Blackminer L1 Encryption algorithm: Scrypt Currency: Litecoin + Dogecoin joint mining, LTC+DOGE Rated computing power: 4.3GH/s ±5% Wall power consumption: 3450W ±5% Connection mode: Ethernet Bare machine size: 340 (mm) *178 (mm) *305 (mm) Box size: 466 (mm) *388 (mm) *265 (mm) Bare machine weight: 11Kg Machine weight: 13Kg From the perspective of the current LTC family members, except Ant L7 series, other models can only pass in the low-end market and remain blank in the middle market. The revenue is calculated by the calculation power 4300M of Blackminer L1, and the static...
Read MorePrivacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.