Ehsminer Litecoin Mining Systems to Outrace Chinese Offerings
Ehsminer, a Paris-based company specializing in IT security and worldwide promotion and adoption of cryptocurrencies, is not new to the mining industry. Haikel Ben Hmida, the company CEO, has been into mining since 2011. After ordering Bitcoin miners from Butterfly Labs he decided to launch his own mining product. The choice fell on Litecoin since that area was still uncharted with no competitors present. A company spokesperson told Cointelegraph: “Since the launch of Litecoin, mining is still profitable. It is Bitcoin mining which is considered difficult because of the mass of big players....
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F2Pool, the same mining pool which generated the largest bitcoin transaction ever recorded on July 11, mined the Litecoin network's block 840,000, with a declined mining reward from 50 LTC per block to 25 per block for the first time since its launch in 2011. The Litecoin network, similar to the Bitcoin network systemized to halve its block reward every 840,000. To celebrate its technological "milestone," the Litecoin association published a video explicating the process of the decline in mining reward. Currently, the halving of the mining reward has not affected the network significantly.....
Litecoin's block reward has halved. At block 840,000, the mining reward fell from 50 LTC per block to 25 per block, marking the first time the alternative cryptocurrency, launched in 2011, has seen such a reduction. The 840,000th block was mined by F2Pool, also known as Discus Fish. Litecoin supporters took to social media to celebrate the halving, and creator Charlie Lee thanked Chinese supporters in a YouTube message. For now, the network itself doesn't appear to have been significantly affected by the reward drop, though some have speculated that, long-term, the hashrate will fall as....
Bitcoin mining on a standard GPU is a thing of the past. Put simply: it's no longer economically viable, given the power consumption of discrete graphics cards and their relatively high price. ASICs are a no-brainer when it comes to bitcoin, however litecoin is a different story. Unlike its counterpart, litecoin can still be mined using off-the-shelf hardware, namely via AMD Radeon graphics cards. There aren't that many alternatives, either. There are still no ASIC products for scrypt, litecoin's algorithm, and this will not change for the next few months at least. It is rumoured that....
BTC China has announced it is expanding its range of digital currency services with the addition of a new mining pool and merchant payments processing. It marks another step on the company's transition from simple exchange to an integrated services platform, and reflects a recent diversification trend among Chinese digital currency businesses. The company said in a statement: "BTC China's expanded portfolio covers all aspects of the digital economy, allowing a user to mine bitcoin and litecoin in its mining pool, store it in BTC China's wallet, pay for goods through its payment gateway,....
The Chinese mining crackdown forced many miners to stop their operations and relocate. But another group of miners is planning to pivot to new, more efficient mining schemes to keep operating in the country. Lesser-known tokens and proof-of-stake-based systems are now in the sights of these miners as ways to continue their work away from government oversight. Chinese Miners Pivoting to Other Crypto Activities The recent mining and trading crackdown in China affected the lives of thousands of miners that had to stop their operations due to new policies established by the government. While a....