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Compatible hardware wallet: Trezorethereum википедия More Privacy — Most decentralized exchanges do require the creation of an account before you can begin trading. However, unlike more centralized exchanges such as Coinbase which needs to confirm users' identities via various forms of official government ID, most decentralized exchanges allow anyone to create an account under any name they choose with very little or no approval process. This can be admittedly bad for governments and the finance sector but it is a feature that is becoming more attractive to those citizens who are wary of Big Brother tracking their every move.dance bitcoin Classification of bitcoin by the United States government is to date unclear with multiple conflicting rulings. In 2013 Judge Amos L. Mazzant III of the United States District Court for the Eastern District of Texas stated that 'Bitcoin is a currency or form of money'. In July 2016, Judge Teresa Mary Pooler of Eleventh Judicial Circuit Court of Florida cleared Michell Espinoza in State of Florida v. Espinoza in money-laundering charges he faced involving his use of bitcoin. Judge Pooler stated 'Bitcoin may have some attributes in common with what we commonly refer to as money, but differ in many important aspects, they are certainly not tangible wealth and cannot be hidden under a mattress like cash and gold bars.' In September 2016, a ruling by Judge Alison J. Nathan of United States District Court for the Southern District of New York contradicted the Florida Espinoza ruling stating 'Bitcoins are funds within the plain meaning of that term.— Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment.' The U.S. Treasury categorizes bitcoin as a decentralized virtual currency. The Commodity Futures Trading Commission classifies bitcoin as a commodity, and the Internal Revenue Service classifies it as an asset.

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Litecoin Hashrate
As we can see from the charts, the first time the Litecoin hashrate really gained traction was in mid-2017. The current hashrate is about 241 TH/s, still well below its peak of about 500 TH/s, which happened during the leadup to the LTC halving, when the creation rate of LTC gets cut in half every few years.


The Litecoin hashrate. Image credit: BitInfoCharts
It’s interesting to compare the Litecoin chart to the Bitcoin chart, where we can see that the BTC hashrate is near its all time high while Litecoin’s hashrate is still stagnating.

Litecoin Mining Pool
These figures could change at any time, but currently the largest Litecoin mining pool is Poolin. They control about 23% of the hashrate for LTC mining.

Another option is the LitecoinPool which is one of the oldest Litecoin mining pools, having been founded in 2011. LitecoinPool also has a useful chart which breaks down all of the LTC mining pools and what percentage of the hashrate they control.

When choosing a mining pool you should consider at least two factors, how long it’s been active and what the fee is. The longer the pool has been around the more reliable it is. And the lower the fee, the more of the profits you’ll keep for yourself.

Litecoin Mining Calculator
Before you commit to buying some ASICs and setting up a mining operation, it’s a good idea to find out what your estimated profitability could be. A mining calculator will allow you to plug in your electricity costs, the power usage of your mining devices as well as the LTC price that you’ll sell at.

There are a couple of different Litecoin mining calculators. In general, most calculators return a similar result, but you still may want to check several of them just to make sure. Here is the CryptoCompare mining calculator, as well as the Litecoin Pool calculator.

When asked for the mining pool fee, most mining pools charge about 1%. If you find a mining pool trying to charge more, it’s not a good deal.


The CryptoCompare Litecoin mining profitability calculator. Image credit: CryptoCompare
Litecoin Price
Like most cryptocurrencies, the price of Litecoin can be volatile. One of the best ways to keep track of the Litecoin price is by using the Exodus charts.

With the Exodus charts, you can zoom in or out on just about any time frame so you can get a micro or macro level view of price action.


The Litecoin charts are clean and easy to read
Litecoin’s Long History
Litecoin might not be the newest, most groundbreaking cryptocurrency project but it has something really powerful going for it: a long history. In an ecosystem where projects fail or get hacked all the time, Litecoin’s long record speaks volumes about how reliable it is.

Mining Litecoin is a great way to get involved with the project, earn some income and also secure the network. Hopefully this article on the best litecoin mining hardware has given you all the information that you need to get started!



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