A crypto-currency primer: Bitcoin vs. Litecoin
Summary: Bitcoin has been in the news a ton and it’s possible to mine it on your Mac. But unless you purchase dedicated mining hardware (which is expensive) Bitcoin mining isn’t cost-effective. A better choice is Litecoin.
By Jason D. O’Grady for The Apple Core | December 14, 2013 — 06:35 GMT (14:35 SGT)
In my previous post on How to mine Bitcoin on your Mac I discussed how to mine crypto-gold on your Mac. Before diving in, I wanted to lay down a framework on the basics of Bitcoin (BTC) and its easier-to-mine competitor, Litecoin (LTC).
Since investing in dedicated Bitcoin mining hardware (ASICs) I’ve mostly ignored other competing crypto-currencies until now. Although Bitcoin is the media darling, Litecoin is a better option for the average user wanting to get into crypto-currency mining.
As I mention in my mining post, Bitcoin mining isn’t cost effective without expensive, dedicated mining…
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