How to Mine Litecoin?

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Recorded10 Apr 2024

Publisheranchor.fm ↗

Handlerec:5195708

Show notes

Litecoin is a fork of Bitcoin with a few modifications made to Bitcoin’s base code. Thus, Litecoin mining works similar to Bitcoin mining. Litecoin also follows a PoW consensus mechanism like Bitcoin, which demands advanced mining hardware with high computational power. In today’s competitive mining environment, Litecoin miners should invest in ASICs (Application-Specific Integrated Circuits) that are fine-tuned for the Litecoin mining algorithm, Scrypt. Thus, they can mine Litecoins efficiently, competing against the mining network difficulty. Let’s discuss Litecoin mining in detail.

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