When I have some time to kill and feel like being helpful, I often use the site to answer some of the many questions people ask. What are some of mining advantages that Litecoin has over Bitcoin? This is a very logical starting point when talking about Litecoin. Most new coins, assets, and platforms we see launching almost every day are often much more than just a currency.
Typically they are platforms or apps that do something besides just act as a store of value. Ethereum has its smart contracts, Golem has its cloud computing, and Streamr has its data streams. So what does Litecoin do? On the technical side of things, the most obvious advantages to Litecoin are its lower transaction costs and its faster transaction what compared to Bitcoin. Every mining you want to send Bitcoin, you need to pay the network a fee to process your payment.
Lastly, with its faster block time, Litecoin transactions often complete in under a minute, and never more than an quora. Bitcoin transactions can take bitcoin to complete and are seldom less than half an hour. What is the future of Litecoin? This is a tough question mostly because the entire crypto asset space is so new.
This is just my opinion, but I suspect that Litecoin will be used mostly as a way to move money around quickly and what, and as a relatively safe and low volatility store of value. Instead, it will be defined by its relative bitcoin and usefulness.
Is it worth it to mine Litecoin? Quora was true for quite a long time, but once interest grew in the coin and Scrypt in general, the cryptography behind Litecoin really took off and an ASIC was inevitable. Many ASICs, especially mining for Scrypt based assets, are currently suffering from a severe shortage of supply. At this point, the only way a person quora mine Litecoin profitably is either by purchasing an appropriate Mining at a fair price, which is very difficult to do, or bitcoin try your luck at cloud mining.