Litecoin (LTC) is a cryptocurrency created as a fork of Bitcoin in 2011. It uses a hashing algorithm called Scrypt that requires specifically designed mining software and hardware. It is minable, and continues to rank in the top cryptocurrencies for value and trading volume. Ltc Asic Miner,Antminer L3 Plus Plus,Bitmain Antminer L3 Plus,Bitmain L3 Plus Shenzhen YLHM Technology Co., Ltd. , https://www.apgelectrical.com
The 4th was the first working day of the New Year. Due to the combination of lower temperatures and post-holiday restoration, the province’s electricity demand exceeded 64 million kilowatts, a record high this winter. Constrained by the overhaul of some coal-fired units, the lack of seasonal output of new energy generators such as wind power photovoltaics, and the shortage of gas supply units, there is a certain gap in the province's electricity load. On that day, the provincial power company launched its first orderly electricity use plan since this winter, arranging nearly 500 metallurgical, iron and steel, and cement companies in the province to participate in the peak shift, with a peak load capacity of 2.576 million kilowatts. At the same time, the provincial power company urgently purchased 7.7 million kilowatts of electricity from outside the province, an increase of 1.6 million kilowatts from the end of last year.
Litecoin mining is the process of validating transactions in the blockchain, closing the block, and opening a new one. Litecoin uses the proof-of-work consensus mechanism, which uses computational power to solve the nonce, which is part of the hash, that secures the block. The hash is the alphanumeric sequence of numbers that is encrypted by the hashing algorithm. When the nonce is solved, Litecoin is rewarded.
Litecoin mining became popular in 2011 when Charlie Lee, a software engineer at Google, announced its creation as a Bitcoin fork with modifications intended to help it scale more effectively.
Just like Bitcoin, it can be mined on computers using central processing units and graphics processing units. However, it isn't as profitable or competitive as purchasing an application-specific integrated circuit (ASIC) and joining a mining pool.