129 units that can calculate at 4. So what happens to the GPU miners who are left behind by the ASIC miners? The answer is, you’re going to get left in bitcoin mining 20 mhash vs gpu dust. Litecoin vs Bitcoin Litecoin was created as an alternative to Bitcoin, rather than a replacement.
It’s the silver to Bitcoin’s gold, if you will. They took many of the fundamentals of Bitcoin, and changed some things to be a viable alternative. There is going to be a lot more of it. Both currencies have an absolute limited supply, and there will be 4 times as many Litecoin coins mined than Bitcoin. The target time for new blocks is 2.
5 minutes, rather than every 10 minutes. This means transactions will occur much faster than Bitcoin’s. This makes it more suitable for day to day use. GPUs do a decent job of this, but as you can tell, more specialized hardware performs far better. Litecoin uses Scrypt, which is designed specifically to prevent specialized hardware attacks. Most importantly to us, Litecoin is a viable alternative for people who want to mine casually at home. Because Bitcoin has been the one getting all the attention, Litecoin’s rise in price hasn’t been nearly as dramatic.
If you get in early enough, you can use that as an advantage. As you can see, Litecoin seems to be drastically undervalued, compared to Bitcoin. It’s undervalued, but not that much. How to Mine Litecoin There are a few programs to mine with, the easiest being the Scrypt version of GUIMiner. This is a simple Windows app that can get you going in no time. It is in alpha though, so you will want to keep an eye on it to make sure it doesn’t crash on you.