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$20 Million Gtd POWERFEST Key Details
- Block time: 1 Litecoin block takes 2.5 minutes to be mined, compared to 10 minutes for 1 Bitcoin block to be mined.
- Algorithms: Litecoin utilises the Scrypt algorithm, which offers increased security and protection against 51% attacks, while Bitcoin uses SHA-256.
- Block reward: Since there is a difference in value between Bitcoin and Litecoin, it follows that the block rewards will also be different: the reward for mining 1 LTC block is 12.5 LTC (around $551) compared to Bitcoin's 6.25 BTC (about $140,000).
- Supply limit: Litecoin is in much greater supply than its parent, maxing out at 84 million coins compared to Bitcoin's 21 million.
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Aces Cracked in the Weekly Final
| Place | Player | Country | Prize |
|---|---|---|---|
| 1 | Michael Addamo | United Kingdom | $450,076 |
| 2 | Jon Van Fleet | Canada | $280,687 |
| 3 | Benjamin Rolle | Austria | $182,430 |
| 4 | Matthias Eibinger | Austria | $130,521 |
| 5 | Mikita Badziakouski | Slovenia | $98,434 |
| 6 | Justin Bonomo | Canada | $77,647 |
| 7 | Arnaud Enselme | United Kingdom | $64,956 |