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Author Topic: What is litecoin?  (Read 2008 times)
TheLastDovah
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March 07, 2012, 03:10:46 PM
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hey guys i can't understand what litecoin is , is it something like bitcoin ? is it worth mining it on my i5 ?

Thanks in advance

Just started with bitcoin would love some help :
13voepynSn4Vio29XKFgGnRztumeCdPQa4
Kinds regards,TheLastDovah

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Jambo
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March 07, 2012, 03:13:04 PM
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What is Litecoin?
Litecoin is the result of some of us who joined together on IRC in an effort to create a real alternative currency similar to Bitcoin. We wanted to make a coin that is silver to Bitcoin's gold.

Litecoin manages to maintain the unique traits and attributes of Bitcoin, while adding to the mixture CPU-specific mining and a 2.5 minute block rate. This means that Litecoin doesn't have to compete for the used up computational cycles of your graphics card if you're already mining Bitcoins, but can work independently on your processor.

We'd like everyone to get their chance at being an "early adopter", so we've preannounced Litecoin several days ahead of launch day for you to be able to prepare your mining setup on our Testnet. There have also been no more than two blocks mined ahead of release; the genesis block followed by a block to verify it.
- litecoin.org

And yes, I'd say i5 is good for mining LTC. At least above the average .
TheLastDovah
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March 07, 2012, 03:15:16 PM
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Well the thing is , does it have some value or im just gonna be wasting my CPU power?

Just started with bitcoin would love some help :
13voepynSn4Vio29XKFgGnRztumeCdPQa4
Kinds regards,TheLastDovah

Minefield: http://minefield.bitcoinlab.org/?r=shfCJJLlodohDSNT
BTC:http://coinad.com/?r=13voepynSn4Vio29XKFgGnRztumeCdPQa4
Best site on the internet: http://www.reddit.com

In their tongue im the Dovah!
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March 07, 2012, 03:18:35 PM
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Well the thing is , does it have some value or im just gonna be wasting my CPU power?

head over to www.btc-e.com and convert 'em, but be quick. since ltc are gpuminable for the masses: down
bitcoinsarefun
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March 07, 2012, 03:19:24 PM
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hey guys i can't understand what litecoin is , is it something like bitcoin ? is it worth mining it on my i5 ?

Thanks in advance

It's basically a bitcoin fork that is meant for the cpu, though there is now gpu mining going on ... come to the alt currencies forum for more info
TheLastDovah
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March 07, 2012, 03:20:07 PM
 #6

How many LTC per hour can i make an a quad core i5 3.8 ghz?

Just started with bitcoin would love some help :
13voepynSn4Vio29XKFgGnRztumeCdPQa4
Kinds regards,TheLastDovah

Minefield: http://minefield.bitcoinlab.org/?r=shfCJJLlodohDSNT
BTC:http://coinad.com/?r=13voepynSn4Vio29XKFgGnRztumeCdPQa4
Best site on the internet: http://www.reddit.com

In their tongue im the Dovah!
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March 07, 2012, 03:21:09 PM
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How many LTC per hour can i make an a quad core i5 3.8 ghz?

~20 per day
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