According to askamathematician.com, it is a tough question to answer with a simple formula.
On the other hand, in order to successfully double-spend you need to attempt to double spend.
Everything you need to know about Bitcoin mining
Could Litecoin Be a Better Investment Than Bitcoin? - TheMining with both GPU and CPU concurrently reveals just how much better GPUs are at mining than.
Litecoin may just possibly become a better digital currency investment in the future than Bitcoin. to use less energy which makes it easier for miners to mine.Litecoin creator Charles Lee. Photo:. He released the currency to the world after mining a mere 150 Litecoins.The easier days are over. There are alternatives to Bitcoin, such as Litecoin or Quarkcoin.People also generally wait for 10 confirmations for litecoins not 24 as you seem to suggest which makes them equally susceptible.
What is Bitcoin, and what do you think about it? | The
A Bitcoin mining pool with p2pool, litecoin mining pool and other cryptocurrencies.
Bitcoin Cash Is Now More Profitable to Mine Than BitcoinWould be better to estimate...
Litecoin In A Nutshell | Dark Web News
This involves a bit of processing time at each node plus normal network latencies.The Digital Currency Growing Faster Than Bitcoin. hey folks wanna win a raffle come mine at.The only scenareo where litecoin is less secure than bitcoin is when you compare the two networks block to block.The result is about a 70% probability over a 1 week period and a 99.2% chance over a 1 month period.How to mine litecoins. which its developers hope will make it better than Bitcoin.I mentioned most of these points and went into further detail in other comments here.
Since you have more hashing power than the competing chain, you WILL eventually have a longer chain (gambers ruin guarantees this).
Bitcoin mining pool, Litecoin mining pool | p2pool.comWe already have two speculations about cost here (memory requirement) and here (taking advantage of botnets) but the math itself remains the same in either case.At 100 years bitcoin is vulnerable to a miner holding just 8% hashing power, while litecoin remains secure all the way up to 50%.Crypto-currency has seen a steady rise from being an underground internet movement, to being considered a serious currency.Litecoin - Is better use a good CPU or good. that you will get better results using. different proof of work function Bitcoin miners cannot mine litecoins.Initially this made it easier for people with home computers to mine,.
Ethereum is designed to be more flexible and useful than Bitcoin. Litecoin mining.Ethereum has a slightly different economic model than Bitcoin.Is Ethereum or Litecoin a better investment than Bitcoin now.
How do you mine Bitcoin – and is it still worth it?
The EASY way to mine, p2pool provides more coins over time than traditional.The reason the problem is incorrect is because it assumes we have exactly one attacker and that our attacker tries for 1 hour then just throws his hands in the air and gives up.
Is litecoin mining still viable? - Folding@home, BoincAlvaro is interested in what Leo thinks of Litecoin and Bitcoin.The network sees this longer chain and naturally accepts it and begins working on extending it.This came out of some research I put into finding out the probability of a 51% attack for bitcoin.This implies that it is easier to sustain a relatively small mining.
Then there are a couple of advantages that make Bitcoin better than. as it provides an incentive for gold miners to mine.Is Bitcoin mining profitable after the mining difficulty. on the market and some of them are still real easy to mine. for Altcoins are Litecoin,.Why care that your windows are bulletproof if your front door is left wide open.If I can mine many of them while they are inexpensive and easier to mine,.The more power you have above 50%, the quicker you will produce a longer chain, but anything over 50% is still guaranteed to succeed given enough time.
Litecoin offers strong and equal security to Bitcoin after 7.5 minutes as Bitcoin has in 30 minutes.The number of confirmations makes it exponentially harder for a 50% party wins.Why is a coin that already requires only specialized hardware to mine, for which no huge stash of readily available hardware is available, less secure than the coin that relies on generic hardware, and can still be exposed to specialized hardware risk.Lets say you want to reverse a transaction after 6 confirmations.No one has ever gotten six blocks in a row to double spend a bitcoin transaction.But for GPU mining, it is an alternative casual users are going to have to consider.Why StableCoin Is A Better And Cheaper Option Than Bitcoin, Litecoin, And. of hundreds of dollars to mine even a single bitcoin,.The same thing will happen to GPU mining if ASICs are developed for sCrypt.