Posts Tagged ‘LTC

Litecoin (LTC) has reached the required threshold in order for SegWit to be activated and this will soon happen, so all users – miners and exchanges are advised to upgrade to the latest Litecoin 0.13.2. SegWit (Segregated Witness) and CSV (CHECKSEQUENCEVERIFY) will be activated at block 1,201,536 which should hit sometime around 2017­05­11. There are some tips available for pool operators regarding the upcoming activation of SegWit and CSV support for Litecoin in order to make the transition problem free for everyone. You can check this PDF document with some more details on what the Litecoin developers recommend. The relevant BIPs are 68, 112, 113, 141, 143, 144, 147 and you can check more information about them here Bitcoin Improvement Proposals (BIP) should you need more details.

Litecoin (LTC) is one of the oldest altcoins and it is still alive, although soon after the first wave of Scrypt ASIC miners appeared the interest and numbers of users mining the crypto has started diminising. You can say that LTC was in a bit of a slumber pretty much everywhere besides China at least until a few months ago when Innosilicon has finally released their A4 Dominator Scrypt ASIC miners. So the last few months things have started to move a bit once more and the development of Litecoin has also been a bit more active with SegWit support getting ready to be implemented as well.

The early Innosilicon A4 Dominator Scrypt ASIC miners apparently had some issues according to users that got the devices and they are still being offered, though with the upcoming Chinese new year there could be some delays if you purchase now. The A4 Dominator is supposedly offering 280 MHS hashrate with 1000W power usage and is available for a price of $1800 USD. You will need to get a power supply for the device separately as it is not included in the purchase price of the miner.

Interestingly enough with the increase of the interest in Litecoin (LTC) you can now again purchase Scrypt cloud mining hashrate for mining Litecoin from Genesis Mining. The cloud mining company has been offering Scrypt cloud mining contracts before, but stopped doing so quite some time ago and it now brings back the contracts again. One can easily assume that their new offers are most likely based on A4 Dominators and the pricing is pretty good as an alternative to purchasing the hardware yourself.

You can get 2 MHS Scrypt cloud mining hashrate for $28 USD, 50 MHS for $650 USD of 200 MHS for $2400 USD as a preset packages or any custom hashrate in between. The Scrypt cloud mining contracts are with a duration of 2 years and there is no maintenance fee, everything is included in the price you pay for the hashrate. You can also use our special discount code CryptoMiningBlog5 to get some extra discount and get even better price should you decide to purchase a Scrypt cloud mining contract.

For more information about the Scrypt cloud mining offers available from Genesis Mining…

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The Litecoin Association in cooperation with the Litecoin Core development team has published the much anticipated 2016 Litecoin Road Map. This road map intends to convey recent developments in both the association and core endeavors and it offers a vision and plan for the future. Litecoin has received a lot of critique form users that they do not have visible plans for further developing and establishing Litecoin as one of the top altcoins and thus LTC was slowly getting out of the radar not only for miners, but for crypto currency users. This was happening everywhere aside from China where the interest in LTC is still very strong partly probably because most of the Litecoin mining happens in that region. The new Litecoin road map should calm the people that the Litecoin project is still being worked on and aside from development of the Litecoin Core wallet, there is also work going on LoafWallet – iOS-based LTC wallet, Electrum-LTC – Android and PC wallet, LiteTip – a Litecoin tip bot, support for Litecoin on Lamassu ATM and others. So don’t be too quick to abandon ship as Litecoin may soon make a nice comeback, especially considering the recent issues that Ethereum had with the DAO and the problem still not fully resolved.

To read the complete Litecoin Core and Litecoin Association Road Map 2016 (PDF)…


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