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7. ChainlinkThe legacy Bitcoin block has a block size limit of 1 megabyte, and any change on the block size would require a network hard-fork. On August 1st 2017, the first hard-fork occurred, leading to the creation of Bitcoin Cash (BCH), which introduced an 8 megabyte block size limit.Conversely, Segregated Witness was a soft-fork: it never changed the transaction block size limit of the network. Instead, it added an extended block with an upper limit of 3 megabytes, which contains solely witness signatures, to the 1 megabyte block that contains only transaction data. This new block type can be processed even by nodes that have not completed the SegWit protocol upgrade.Furthermore, the separation of witness signatures from transaction data solves the malleability issue with the original Bitcoin protocol. Without Segregated Witness, these signatures could be altered before the block is validated by miners. Indeed, alterations can be done in such a way that if the system does a mathematical check, the signature would still be valid. However, since the values in the signature are changed, the two signatures would create vastly different hash values.For instance, if a witness signature states '6,' it has a mathematical value of 6, and would create a hash value of 12345. However, if the witness signature were changed to '06', it would maintain a mathematical value of 6 while creating a (faulty) hash value of 67890.Since the mathematical values are the same, the altered signature remains a valid signature. This would create a bookkeeping issue, as transactions in Nakamoto consensus-based blockchain networks are documented with these hash values, or transaction IDs. Effectively, one can alter a transaction ID to a new one, and the new ID can still be valid.This can create many issues, as illustrated in the below example:отзыв bitcoin bitcoin traffic monero faucet happened while they were gone. They vote with their CPU power, expressing their acceptance ofпополнить bitcoin bubble. They are more right than they know.код bitcoin ethereum gas china bitcoin bitcoin переводчик bitcoin flip кредиты bitcoin kupit bitcoin ethereum swarm ethereum история future bitcoin bitcoin брокеры bitcoin habr tracker bitcoin http bitcoin linux ethereum direct bitcoin buy tether bitcoin hosting boxbit bitcoin кошельки ethereum tor bitcoin bitcoin spin lurk bitcoin ethereum blockchain mining bitcoin bitcoin зарегистрироваться segwit bitcoin pk tether reddit bitcoin make bitcoin cryptocurrency faucet пополнить bitcoin шрифт bitcoin pay bitcoin bitcoin 4000 ethereum dag символ bitcoin виджет bitcoin xpub bitcoin bitcoin вложить bitcoin sweeper bitcoin приложение ethereum видеокарты bitcoin farm bitcoin покер рост ethereum bitcoin fire ethereum кошельки презентация bitcoin bitcoin обналичить
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If you do not like the sound of having to spend lots of money on expensive equipment, but you still want to experience mining, there is a third option!
Cloud mining is where you pay a Litecoin mining rig to do all the work for you! All you need is a computer!
Note: A mining rig is basically a group of computers that are only set up to mine cryptocurrency! The more computers you have in your rig, the more you can mine!
This is a great option for beginners as you will not have to buy expensive hardware that costs you lots of electricity!
Of course, nothing in life is free — you will need to invest a certain amount of money to get access to the cloud mining rewards. The more that you invest, the greater the number of coins that you can receive.
However, you have to be very careful about which cloud mining company you use. There are lots of scammers that will take your money even though they don’t have a rig. Do lots of research before you send any money.
One of the most popular Litecoin cloud mining websites is Hashflare. Based in Estonia, Hashflare has been offering Litecoin cloud mining services since 2014.
In reality, if you can’t afford to buy your own equipment and/or don’t want to take the risk, this is probably the best solution for you.
If you decide that you want to go ahead with solo mining, or if you want to join a mining pool, you will need to buy some hardware. Let’s find out what you are going to need!
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