Features of Mining Litecoin Cryptocurrency

Mining of Litecoin caught up with Bitcoin mining in popularity. Such a dynamic surge of interest is explained by the fact that digital silver is much easier to mine. The complexity of the Bitcoin network has increased significantly over the past few years. Therefore, an ordinary miner is simply not able to compete with leading pools.

Besides, mining Bitcoin requires equipment with tremendous processing power. GPU farms lose their effectiveness every day because they are not able to impose significant competition on integrated circuits.

The Litecoin cryptocurrency is in the TOP 10 capitalization assets, so it is not surprising that miners are interested in it. Until recently, the system was completely protected from ASIC devices, but as a result, manufacturers were able to adapt their equipment to the Scrypt algorithm.

From a technical point of view, digital currency Litecoin is more advanced than Bitcoin. Firstly, the team of Charles Lee (founder of the Litecoin project) managed to expand the block size. Secondly, integrated circuits for mining coins have not been used for a long time. Thirdly, mining LTC is corny cheaper.