Over the past year Litecoin has solidified its place alongside Bitcoin as a viable digital currency. Accompanying increasing prices has been a deluge of new miners hoping to help run the Litecoin network and earn some coins. Traditionally Litecoin mining has been more efficient with Radeon GPUs, but recent improvements in mining software for NVIDIA cards has significantly increased their efficiency. No longer is cryptocurrency mining with graphics cards the sole territory of AMD/ATI/Radeon. So for all you NVIDIA card owners, here’s your guide to mining Litecoin with NVIDIA graphics cards on Windows as well as a brief overview of cryptocurrency mining. (more…)
Bitcoin’s surge over the past several weeks hasn’t been without cause. More startups are being formed around the currency with record funding, ATMs are on the way, and professional investors have done more than just take notice. While the closure of silk road could have been detrimental to Bitcoin during its early days, the same is obviously not true of Bitcoin today. The same cannot be said of Litecoin, the largest cryptocurrency after Bitcoin. While Bitcoin weathered the passing of silk road well, Litecoin has fared poorly in the wake of the disappearance of Atlantis. With that said, I wouldn’t count Litecoin out just yet. There are a few indicators that Litecoin may still follow Bitcoin’s growth in the coming months and years, albeit at a slower pace. (more…)
About the author: John Vandivier is a graduate student at George Mason with formal credentials in policy, economics and political science. He also dabbles in philosophy and apologetics. His blog discusses all of the above at www.thegenerallifeblog.blogspot.com.
In a recent article by CryptoJunky the beginning of the “litecoin explosion” was discussed. Reasons given for the historic increase in price per LTC were essentially twofold: First, a variety of merchants began accepting litecoin in exchange for real goods and services.
Second was the idea of speculation. Mt Gox indicated future support for Litecoin trading. Recently the cryptocurrency community gained further confirmation of that indication from an official statement by Mt Gox. (more…)
I’ve spent a good deal of time over the last year or so pouring over Bitcoin and its derivatives. Try as I might I’m unable to predict the price of the currency at any particular point. I have found a few tools along the way though that aid in analyzing trends in Bitcoin et al. What follows is a brief overview of some of the tools I prefer to use. So whether you’re looking to become the Nate Silver of Bitcoin, or just get a bit of trade history, the following should help you out. (more…)
Litecoin is currently trading at around $4.73 USD per Litecoin on the popular crypto currency exchange Btc-e.com. This comes just a day after Bitcoin broke the $100 USD per Bitcoin mark on April 1st, 2013 (Not an April Fools Joke). So what is driving this historic increase in value for Litecoin and where might it go from here?
It’s looking like March may be a huge month for the digital currency Litecoin. WIth a price of around $0.65 the currency is starting to approach the $1 mark that many of it’s users feel it should be valued at. As of this writing the Litecoin network hash rate is at an all time high. So what is fueling this drive in the value of Litecoin relative to Bitcoin and the US dollar? (more…)
Litecoin has been making a lot of noise recently after a sharp rise in price. It could be that Bitcoin miners are finally feeling the pinch of specialized mining hardware known as ASICs. It could also be that a flood of newcomers to the crypto currency market is creating a demand not just for Bitcoin but also for Litecoin. In any event, I’ve had quite a few people asking about a basic guide for Litecoin mining so here it is. (more…)
After having been down for over two weeks the multi-coin mining pool Coinotron is back online. Coinotron went down following a prolonged DDOS attack (Distributed Denial Of Service). The attack is thought to have been related to the pool’s adoption of Novacoin. Novacoin is a relatively new crypto currency that has been accused of being a scam. Here’s a quick synopsis of Coinotron and Novacoin. (more…)
Litecoin has been making some big gains in the last week holding steady at around 16 cents (USD) per Litecoin. This surge in price and rumors of some big upcoming announcements for Litecoin mean that Bitcoin’s little brother is finally growing up. If you’re not yet familiar with Litecoin now might be the time to get acquainted. Here’s how to get started using Litecoin.