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If you just had enough of Bitcoin forks lately, then this might be of interest – an upcoming Litecoin fork called Litecoin Cash (LCC) is coming up shortly and it will be using SHA256 as mining algorithm among some other changes. The Litecoin Cash (LCash anyone?) will be forking at Litecoin block which should occur on or around February 19th, 2018 will have a 10:1 claim ratio for Litecoin (LTC) users holding their coins in a local wallet or a compatible exchange or service that will support LCC. The maximum LCC supply will also be 10 times higher at 840 Million and the block reward will also be 10 times higher than what Litecoin currently has, so 250 LCC per block. The target block time remains at 2.5 minute, though difficulty adjustment will be changed, LitecoinCash will be using Evan Duffield’s proven DarkGravity V3 algorithm from Dash to recalculate mining difficulty on every block. There will also be a a slow start for the mining so block rewards will start at 1.25 LCC and grow to 250 LCC over the first 400 blocks after the fork. Unfortunately there is also a mention of a premine, supposedly less than 1% of total money supply at fork time to be paid to a development fund (should be about 5.5 Million LCC). Some good places to trade the coin include HitBTC, Stex, Yobit.
The reason that the team behind Litecoin Cash (LCC) cites as choosing to switch to SHA256 proof-of-work algorithm for mining is that this should enable a new use for previously obsolete Bitcoin mining hardware. While that may be true it will also open up the doors to large mining farms using up to date Bitcoin mining hardware, so well… good luck with that if things pick up fast. The “small premine” is not small at all even at 1% considering that there are already 55 Million Litecoins in circulation (out of 84), so around 550 Million at forking time for LitecoinCash out of 840 Million. The 1% premine is 5.5 Million LCC or 550 Thousand LTC, looking at it this way certainly does not make it “small premine”, does it? So next up anyone else seeing Litecoin Gold or more likely Litecoin Silver with Equihash or another GPU friendly mining algorithm? Anyway, nobody holding LTC is going to refuse some free coins, just be careful and always transfer your Litecoin coins to a fresh address first before importing any private keys into LitecoinCash or any other fork wallet for that matter.
Here is how Charlie Lee (the creator of Litecoin) has comment on Twitter regarding LitecoinCash (LCC) and any other forks that use Litecoin as a part of their name, according to him “any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin”. It is up to you to decide for yourself should you support LitecoinCash (LCC) and/or any other forks that may come out bearing the name Litecoin something.
– For more information about the upcoming Litecoin Cash (LCC) fork of Litecoin (LTC)…
InterPlanetery Broadcast Coin (IPBC) is a new project for sharing digital content online with with an integrated cryptocurrency ecosystem. Think along the lines of YouTube, but without any advertisements, instead users uploading videos on the platform get compensated by the people watching them. IPBC comes with a web media miner that essentially uses some of your computer’s resources to mine while you watch the video and all the used hashpower gets credited to the person that has uploaded the video. There is no need for visitors to download and use a dedicated miner, everything happens directly inside the browser and the mining does not interfere with the video watching.
The best thing is that even though IPBC is still a new project the video platform with mining integration is already available, so it is not just something promised to come out after months as it is already out there. You can of course also mine IPBC coins the traditional way, the project uses Cryptonote/Cryptonight (just like Monero) and there are already quite a few pools out there (aside from the official ones) that offer you to mine it. Of course if you are a video content producer you might want to also try the IPBC platform and upload some videos and try that as well. There is also a web-based miner available for users built inside the platform, though you probably would want to stick to GPU mining with dedicated mining rigs than to use the web-based CPU miner yourself.
The project looks promising and is already doing quite well even though it is just a few days since the official announcement, the team has already announced their plans to have the coin listed on an exchange (listing on Livecoin has been announced for February 21st) as well as other interesting plans for improvements and new features… remember that it has just launched and the IPBC platform is still in beta.
– To check out more details about the InterPlanetery Broadcast Coin (IPBC) project…
Every time you get new PCI-E risers for a new GPU mining rig you may be surprised with build varying build quality and that can affect the stability of the system you are building. Even when the quality is fine there is another common problem that the standard PCI Express risers using USB 3.0 cable printed upwards exhibit – they have the tendency to move a bit in the slot and even at times disconnect. This can cause a bad connection or even a broken one and one or more of your GPUs suddenly disappearing from the miner and you starting to wonder what happened and diagnosing the whole system to find the culprit.
Fortunately there is a simple solution available if you have a 3D printer or a friend with one that can help you print a small and simple, yet very effective PCI-E Riser Lock. The 3D model is available for free on the Thingiverse website made by a user called totembe who is accepting Vertcoin tips from happy users of his creation. The simple plastic clips that you can 3D print hold the small PCB with the PCI-E x1 connector very tight to the PCI-E slot on the motherboard, so that there is no more play and the chances to have these getting disconnected are becoming pretty slim.
The PCI-E Riser Lock take just a few minutes to print and use just about 1 gram of filament and are really useful. You can clip them on both sides of the PCI-E slots, for example if there are some components preventing you from attaching the lock on the front of the slot, then just clip it on the back, it will work. The only slots that you cannot attach these locks are the ones that come with metal shielding/strengthening as they do not have a place to attach the lock to. Also some mining motherboards with more than the usual number of PCI-E slots such as AsRock H110 Pro BTC+ will not work as the slots there are too closely spaced to each other.
Do note that the design of the 3D printable PCI-E Riser Locks is not compatible with the newer designs of the PCI-E risers that have slightly larger x1 PCI-E PCBs and angled USB connectors, but then again these do not seem to suffer from the same issue of getting disconnected as the older design with the USB cable pointing up. It is possible to modify the design of the locking adapter to also work with these relatively easy, but as we’ve said already it might be pointless to use these anyway. We are yet to see similar problems with the angled USB connector risers as with the straight up USB ones, and as you already probably guess the USB connector and cable pointing up is what is causing the problems.
– For more information and to download and 3D print the PCI-e Riser Lock 3D model…