Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Litecoin Forum => Topic started by: Crestie C. Tuvilla on May 24, 2018, 05:38:42 AM
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First things first. If you're only interested in owning litecoin, you should probably just buy it from an exchange such as Coinbase. If, on the other hand, you want to try your hand at mining litecoin – because you think you have the time and resources necessary to make a profit, because you want to help keep the litecoin network decentralized, or out of a sense of curiosity – this guide will give you a sense of the concepts, an introduction to the vocabulary, and suggestions for further research.
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Sorry, but I think you forgot to put the link to the guide ;)
It seems to me that the LTC is mining need ASICs, since it is a fork of Bitcoin.
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Hello :)
you forgot the link of guide ^^
But for me, I never mined LTC, i don't know if it's profitable to mine it ::)
Asics is needed i guess ? And Asics is so expenssive :(
But i'll like to read your guide when you'll post it. I'm curious :D
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First things first. If you're only interested in owning litecoin, you should probably just buy it from an exchange such as Coinbase. If, on the other hand, you want to try your hand at mining litecoin – because you think you have the time and resources necessary to make a profit, because you want to help keep the litecoin network decentralized, or out of a sense of curiosity – this guide will give you a sense of the concepts, an introduction to the vocabulary, and suggestions for further research.
A friendly reminder, to avoid getting negative karma please post the complete detail of your guide buddy.
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thank you for the reminder..
--sorry for those who read my post uncomplate.
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I would not reccomend mining litecoin unless you have right ASICs to do it. And if you do, you probably wouldnt be on here asking if you should do it
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Mining Litecoin is easier, you can download the application on PlayStore. Open the application and sign in, then you can start mining. During the mining process, you will see the ad and close it. After that, claim LTC and minimize. And LTC has become yours.
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Litecoin is a cryptocurrency like Bitcoin, but with a different "Scrypt" algorithm. This algorithm process initially makes it easy for personal computer users to mine Litecoin, but the ASIC miner can now process the Scrypt algorithm, so without a large investment, you will be more difficult to start mining.
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it is absolutely true that most people get litecoin from a coinbase purchase and actually it would be nice if we do mining for litecoin, and we can be free.
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If you want to get LTC for free, you can mine it. Mining Litecoin is easier, you can download the application on PlayStore. Open the application and enter, then you can start mining. During the mining process, you will see the ad and close it. After that, claim LTC and minimize it. And LTC has become yours.
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If you mine Litecoin as a speculative investment, or to be used as a payment method, you better buy Litecoin directly, instead of mining.
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This algorithm process initially makes it easy for personal computer users to mine Litecoin, but the ASIC miner can now process the Scrypt algorithm, so without a large investment, you will be more difficult to start mining.
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First things first. If you're only interested in owning litecoin, you should probably just buy it from an exchange such as Coinbase. If, on the other hand, you want to try your hand at mining litecoin – because you think you have the time and resources necessary to make a profit, because you want to help keep the litecoin network decentralized, or out of a sense of curiosity – this guide will give you a sense of the concepts, an introduction to the vocabulary, and suggestions for further research.
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buying in coinbase is very good indeed and I also really like litecoin, I want to buy it and invest in the next one to two years I will sell.