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Mining Litecoin in industrial volumes

Mining Litecoin in industrial volumes
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Initially, mining litecoin conceived as a project in which every Internet user will be able to produce cryptocurrency for yourself using your home computer, however, the arrival of big business on the market of mining fundamentally changed this situation.

Industrial Mining - is the organization of a large amount of computer equipment (the creation of mining-farms), one or more of the companies that use it to rent or immediate production cryptocurrency for themselves. Through timely investment and high levels of computational abilities of such farms, the company receives a significant share of the production of all available cryptocurrency (Bitcoin, litecoin), and quickly begins to make a profit from such a venture.

Through timely investment and high levels of computational abilities of such farms, the company receives a significant share of the production of all available cryptocurrency (Bitcoin, litecoin), and quickly begins to make a profit from such a venture.

Despite the fact that the Chinese authorities are trying to limit both industrial and single mining, this business is promising, and many farms open exactly where because of the low price of digital equipment and high speed Internet connection, such business is very profitable. However, such a change in the balance of power in the market of mining litecoin did not go unnoticed and has led to a significant change of the idea of ​​mining.

Industrial mining has considerably increased the existing standards of calculation, so the efficiency of mining Bitcoins for regular users is significantly decreased, and the profit on such work at all is questionable (often, the cost of electricity is higher than profit). More recently, the same thing happened with litecoin extraction, production of which is carried out by means of equipment on ACIS, who worked exclusively for the SHA-256 algorithm. But last year there was the equipment to work with scrypt, which made possible the transition of mining litecoin from single miners, almost entirely on farm companies.

Last year there was the equipment to work with scrypt, which made possible the transition of mining litecoin from single miners, almost entirely on farm companies.

Immediately after the appearance of mining industry in cryptocurrency, their production has become virtually impossible for normal users, contrary to the original idea of ​​universal access to Bitcoin, litecoin and other currencies. And so, in the long term, a significant part of the market can be divided only between several companies, it can lead to total dependence of mining from these companies or the state, which will change the market under its own requirements and preferences, which clearly is a big minus , user-miners. And yet, the only solution to this problem is the emergence of new algorithms, temporarily protected from industrial Meiningen allowing to receive cryptocurrency even when using simple production cards.

Regarding the technology used by companies, almost all of the existing, more or less large representatives use ACIS-schemes, as well as adopting FPGA technology, which not only many times more efficient and economical than conventional graphics cards, but also led to a significant increase in network capacity, and also, we made it possible the process of mining industry. In addition, the use of these cards allows companies much easier to cool the whole farm than would occur with video. For example, a Chinese company, Alied Control, carries out this process by using a refrigerant or the so called, "liquid cooling" that in addition to the main process also saves energy and space. Alied Control poured all his schemes such mixtures, and thus completely solve the problem of cooling. Other companies have found an alternative way of cooling, namely - to install servers in the Nordic countries, often close to the Arctic Circle (Sweden, Iceland), where cooling is provided by the climate. And the profitability of this business is fairly easy to find investment for such projects.

Chinese company, Alied Control, carries out this process by using a refrigerant or the so called, "liquid cooling" that in addition to the main process also saves energy and space.

Over the past 2 years, mining industry has received significant inflow of investments from large companies and investors who believe the market is becoming more and more reliable and promising. However, the emergence of ACIS-technologies in the market led not only to large companies coming to the Mining litecoin, but also to improve the efficiency of ordinary miners, who have similar equipment. Thus, many of the "diggers" still retain their positions in the market, and working in the pools, and single, profit from their work.

Over the past 2 years, mining industry has received significant inflow of investments from large companies and investors who believe the market is becoming more and more reliable and promising.

Industrial mining is a large-scale phenomenon, able to radically change, and have changed the whole market production cryptocurrency, but not for the better, due to the possibility of a complete monopoly of one or more companies in the market, as well as the constant increase in computational capabilities of existing equipment. And the only option for the development of mining is high competition between the industrial production litecoin that can distribute power among all the "diggers".




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