Litecoin (LTC) , currently the fourth largest cryptocurrency by market capitalization, halved – halving the block reward for miners . Halving occurred at 1,680,000 at 10:16 UTC on Monday, changing the block reward from 25 LTC to 12.5 LTC. “This event marks a major milestone for miners, as the litecoin network halved the reward for mining, it happens every 840,000 blocks (about every four years).” Considering that the production time of blocks in the litecoin network is about one block every 2.5 minutes, approximately 576 blocks are produced every 24 hours, while a new stock of 7200 LTC comes to…
Author: BlockchainJournal
BlockchainJournal
Blockchain Journal's editorial team covers digital assets, blockchain infrastructure, markets, regulation and security. The team works to the publication's documented sourcing, review and corrections standards, with individual contributors credited where applicable.
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A FPGA (user-programmable gate array) is a cryptocurrency mining equipment that is very similar to an ASIC except for one key feature. ASIC is a chip that is hard-coded to perform one type of computation (for example, for Equihash mining). An FPGA is a chip that can optionally be reprogrammed to perform any operations . In the field of mining, you can reconfigure FPGA from Cryptonight mining to Lyra2z mining in seconds. With processors and video cards, this can also be done, but for certain reasons, FPGA runs much faster. It is known that certain FPGA boards work 100 times…
