Tuesday, July 1, 2014

Bitcoin and  Litecoin the two most popular crypto currency designed to make people’s lives much easier. Bitcoin was created as a reward for payment processing work which means transactions are allowed to made without the need for a central bank and while Bitcoin was sure doing its performance, developers still wants to create something much more established. So Litecoin was created to make the process much faster and safer, not that Bitcoin wasn’t safe but the developers wanted to create a more successful version of a Bitcoin. Using these programs will need to track all of the data to perform a safe and fast transaction. They call the collecting of these transactions Mining.


Mining needs to be fast and effective because a lot of people of this generation are now using Bitcon and Litecoin which means a lot of transactions are happening every now and then and so mining should also keep up with the volume of transactions that is happening. But for very program there has to be a miner that can do all the work fast and reliably. And although there are a lot of Mining programs for Bitcoin and Litecoin you can only choose the best to have a smooth, fast and reliable transaction.

To be able to mine Scrypts which is a password- based key derivation purpose to make perform a large amount of quantity custom hardware attacks you will need to choose from two of the most popular mining programs there is. First is the Scrypt ASIC, ASIC meaning Application-Specific Integrated Circuit) a miner that describes exactly how the mane says it. It is designed for the purpose of mining Scrypt-based crypotocurrencies like Litecoin. But scyptasic is not much of a friend to anyone, if you look for reviews or forums you will see that Scrypt ASIC is not well received which were to be expected especially for those who already have the second program used in mining the CG miner. 

CGminer is now currently the most popular GPU/FPGA/ASIC miner that is available to all Operating System. The reason that it is very popular because it is based on the code of a Cpu Miner originally. It can monitor everything and has self-detection for new transactions that is happening in Bitcoin or Lite coin. But even though CGminer is the most popular miner to be used not just for its features developer and economists are arguing that Scrypt ASIC will still lead the future of mining.


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