Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with GPUsmost people already have. The Litecoin network is scheduled to produce 84 million currency units.
One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins. With the rise of specialized ASICsfor Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used.
For more information, visit the Litecoin webpage.
What does that mean for you? Well, Bitcoins are the internet currency that are making all the news, but unless you got in early, you can’t mine them on a home PC any more. So you can either invest a lot of money on dedicated mining rigs or you can look at the number 2 internet currency, Litecoins. Litecoins can be mined using a home PC. But where most people think that the processor or CPU is the most important, it’s actually better to use the processing power of graphics cards.
We have designed some systems which can mine Litecoins and are affordable. Click to see the full range of Litecoin mining PCs. Here is one that offers up to 1,440 KHash(Litecoin). The all important graphics cards are powered by a gold rated Corsair power supply (750w) and kept cool inside a Corsair Graphite 230T case. To keep costs low we have included an AMD A4 4000 CPU, 4GB of RAM and a 60GB SSD.
Ideal Litecoin Mining
- Up to 1,440 KHash (Litecoin).
- 2 x AMD Radeon R9 280X Graphics Cards.
- ASUS F2A55 motherboard with AMD A4 CPU.
- 750W Corsair Gold 92% Efficient PSU.
- Your choice of Windows 7 or 8.1 64bit.
From £832.50 ex VAT£999 inc VAT