Cloud Mining
If you do not like the sound of having to spend lots of money on expensive equipment, but you still want to experience mining, there is a third option!
Cloud mining is where you pay a Litecoin mining rig to do all the work for you! All you need is a computer!
Note: A mining rig is basically a group of computers that are only set up to mine cryptocurrency! The more computers you have in your rig, the more you can mine!
This is a great option for beginners as you will not have to buy expensive hardware that costs you lots of electricity!
Of course, nothing in life is free — you will need to invest a certain amount of money to get access to the cloud mining rewards. The more that you invest, the greater the number of coins that you can receive.
However, you have to be very careful about which cloud mining company you use. There are lots of scammers that will take your money even though they don’t have a rig. Do lots of research before you send any money.
One of the most popular Litecoin cloud mining websites is Hashflare. Based in Estonia, Hashflare has been offering Litecoin cloud mining services since 2014.
In reality, if you can’t afford to buy your own equipment and/or don’t want to take the risk, this is probably the best solution for you.
If you decide that you want to go ahead with solo mining, or if you want to join a mining pool, you will need to buy some hardware. Let’s find out what you are going to need!
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One of Lee's initial claims has not held up, however: the ability to mine litecoin using a computer's central processing unit (CPU). Lee adopted the Scrypt hash function from Tenebrix, an early altcoin, instead of using bitcoin's SHA-256 function. The reason, he wrote, was that 'using Scrypt allows one to mine litecoin while also mining Bitcoin,' meaning that 'Litecoin will not compete with Bitcoin for miners.' A lot has changed since then, and litecoin mining is no longer profitable without specialized equipment. rx560 monero r bitcoin pizza bitcoin by bitcoin bitcoin auction daemon bitcoin wordpress bitcoin ethereum frontier blacktrail bitcoin simple bitcoin faucets bitcoin monero pools bitcoin playstation cryptocurrency bitcoin ropsten ethereum bitcoin mining bitcoin куплю bitcoin автосерфинг bitcoin account gold cryptocurrency asics bitcoin bitcoin mt4 bitcoin это bitcoin frog
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