heheheh the nice Luke, I met him at Steemfest 2, someone you're very happy to talk with, he always has something interesting to ask or say.
Btw, I already have some value comming from LCC ;) I still have an old mining SHA256 thrown around that I will be able to use to mine LCC. From the interview.
We couldn’t find a single coin that uses SHA256 while having fast block times and an effective retargeting algorithm, and that was very interesting to us. Wherever you weigh in on SHA256 vs Scrypt, you can’t deny there’s a whole lot of SHA256 mining hardware out there.
At the moment, those miners have extremely limited choices for where to send their hashpower; realistically, it’s going to be Bitcoin or Bitcoin Cash. In both cases, there are inconveniences. Blocks are slow. Difficulty retargeting, while improved in Bitcoin Cash, is not great.
It looks like I'm going back to my old mining days ... at least for a while ;)
Also you get this.
Litecoin’s 2.5 minute block target is great and allows for fast transactions. The issue is the difficulty adjustment, which leads to that target block time not being met very accurately. This can be nicely demonstrated by the countdown to our fork block on our website, which has slipped over 6 hours earlier over the last few days, and is now looking like being Sunday evening instead of Monday morning!
All this is because Litecoin’s mining difficulty is only adjusted every 2016 blocks. This means the network can’t deal very effectively with rapid changes in available hashpower. We address that by using DarkGravity, which adjusts the difficulty target every block to give more consistent block times however much hashpower is available on the network.
For the records .. I do not own BCash or BGold or BDiamond or any of the BTC forks. But this one looks different.I will keep u update with what will happen on Monday. And if you have some LTCs around, it will do not harm you to put them in another wallet just for two days ;)
heheheh the nice Luke, I met him at Steemfest 2, someone you're very happy to talk with, he always has something interesting to ask or say.
Btw, I already have some value comming from LCC ;) I still have an old mining SHA256 thrown around that I will be able to use to mine LCC. From the interview.
It looks like I'm going back to my old mining days ... at least for a while ;)
Also you get this.
For the records .. I do not own BCash or BGold or BDiamond or any of the BTC forks. But this one looks different.I will keep u update with what will happen on Monday. And if you have some LTCs around, it will do not harm you to put them in another wallet just for two days ;)