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Precious metals and collectibles have an unforgeable scarcity due to the costliness of their creation. This once provided money the value of which was largely independent of any trusted third party. Precious metals have problems, however. It's too costly to assay metals repeatedly for common transactions. Thus a trusted third party (usually associated with a tax collector who accepted the coins as payment) was invoked to stamp a standard amount of the metal into a coin. Transporting large values of metal can be a rather insecure affair, as the British found when transporting gold across a U-boat infested Atlantic to Canada during World War I to support their gold standard. What's worse, you can't pay online with metal.

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Litecoin Hardware Equipment?
When LTC mining first began, it was possible to make good profits by using just a *****U (Central Processing Unit) and a GPU (Graphics Processing Unit).

This was great, as it meant you could invest really small amounts and still make money! However, it’s now possible to buy specialized Litecoin mining hardware called ASICs (Application-Specific Integrated Circuit)

ASICs are much more powerful than *****Us and GPUs, meaning that they will have a much better chance of winning the mining reward.

Imagine entering a Formula One race. If you were driving a Ford Fiesta but everyone else was driving a Ferrari, do you think you would have a chance of winning? You would have no chance!

Unfortunately, this means that it is no longer possible to use either *****Us or GPUs anymore as ASICs will always win the race!

If you want to mine Litecoin, you really need to consider the following piece of hardware.

Antminer L3+: The Antminer L3+ is by far the most powerful Litecoin mining hardware that you can buy. Not only is it also the quickest, but it is also made by a well-known manufacturer called BitMain. No other Litecoin mining hardware will compete with this.

The amount of calculations that a hardware box can make per second is known as the cash rate. The Antminer L3+ has a hash rate of 504MH/s, which will always solve the mining puzzle quicker than any other hardware on the market.

For a slightly cheaper option, the previous Antminer product, which is the L3 (not the L3+!) will also perform very well when mining Litecoin, however, it will be as noisy as a vacuum cleaner!

Don’t forget, if you don’t want to invest lots of money into expensive hardware, you can just cloud mine instead!

It's clear that the whole process of Litecoin mining requires lots of effort and finances, so you'll be happy to know that there's a so much easier way to obtain this cryptocurrency. Simply choose a secure cryptocurrency exchange and have Litecoin in your wallet in no time. At the moment, the most recommended platforms include Coinbase and Binance.



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