Finally, Select In the left-hand column, select Settings from the list. This faster processing time also helps maintain a secure environment by reducing the chance of double-spending attacks – a hack in which the attacker spends the same money twice to pay for two different transactions. This might not be seen as an advantage at first glance, but because Litecoin uses scrypt hashing (instead of SHA-256) mining cannot be accelerated by using parallel processors, as can be done when bitcoin mining.Kin.. The system splits every transaction into two segments, removing the signature (the “witness” part) from the original data. Other algorithms also do not show any significant difference in results between Windows 7 and Windows 10, so no need to upgrade or downgrade your OS. Scrypt vs SHA-256 mining Cryptocurrencies that allow mining of coins all use a particular hashing algorithm. .