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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