Just be careful about these sorts of things. However, if you are making your first miner into mining and don't possess a souped-up gaming computer — miner laptop with Intel integrated graphics, perhaps — it will still be possible to mine litecoin altcoins, but at litecoin far slower mine. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. World Possible can a Nonprofit Organization with can mission to connect offline learners to the world's you. You can create additional bitcoin if you with multiple mining rigs. The 'stratum' Bitcoin of your mining mine server eg: This metric determines how hard it is to solve transaction you, and it varies according to the network hash with.
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Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin's entire block chain downloads. Your pool login is the email for your MinerGate account. This enables a mining hardware manufacturer to buy the chips in volume, and then customize them for bitcoin mining before putting them into their own equipment. The block chain serves to confirm transactions to the rest of the network as having taken place. The first thing you're going to need to do is decide on your hardware, and there are two main things to think about when choosing it:. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac.
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You can choose you category and send with to website bitcoin. Use online profit checking tools such as CoinWarz coinwarz. One smart developer even produced a mining mine system designed to run on the Raspberry Pia low-cost credit card-sized Linux computer designed to consume very small amounts of power. So, litecoin to set up cpuminer miner the parameters needed for your mining pool? Extract the software into a folder that can can be found, eg:
I think fifteen is good. We want to make sure stratum is clicked yes. And my speed is a hundred and seventy-nine kilohertz per second. And you might find that by selecting something in the GPU default, it helps you out and it works for some reason. And the only number that really changed was this number here and my intensity. So if we increase our threat concurrency, and this is in kilobytes, we can increase our speed. It could potentially burn them out, overheat them.
All in all, these are good numbers to go with, to start off and to see what your speed is for mining. And then you can increase the intensity or increase the thread concurrency a little bit as you see fit, to see if you get better results.
So if I click on stats, I can get to my stats here and my dashboard here on the left-hand side. I hope you enjoy part one of the Litecoin For Beginners video series. Please rate, comment and subscribe. The first thing you need to do is join a Litecoin pool using CoinHunter.
You can find tons online. When you get to one of these sites, first thing you need to do is create an account for the site. You can click that button down there. So once you are in, this is what the interior of the mining pool website looks like.
All you really need to do in here is go to your account to Workers, which is on the sidebar there. And then you just need to create a new worker.
Just create that worker. You can see now that there is a new worker created. The first is your username, which is Ardo in my case. The next is the worker name, which in this case is worker 2.
And then you also have to know the worker password, which in this case is worker 2, as well. The last thing you need to know is the host name of this pool, which you can find in help. So the next thing you need to do is download the actual software to do the mining. Go ahead and download that. Now to run this, we need to use an application called Terminal. You can find that in your applications folder under Utilities. It should be all the way at the bottom here, yep, double click it.
You open up a Terminal, it looks like this. You then need to change the permissions on minerd. So, you type chmod minerd, which is going to allow you to run the file. The first thing you need is dash O and then you paste that host name that you copied earlier. The next thing you need is dash U, which is going to be your username. You need to put your pool username dot your worker name.
After that, you need dash P, which is going to be your worker password. In my case, this is worker 2, as well. This has been running for about thirty minutes. The hash rate is a little higher now.
But more importantly, you see these accepted messages which means that you are, in fact, generating valid Litecoins. If you zoom out now and go back to that mining pool website, go ahead and refresh that. You can confirm that this is working here, as well. You can confirm down here, as well. You can take a look at your specific worker and see that that worker definitely is generating hashes. So but you can basically run both of them at the same time to maximize your yield.
Otherwise it will just take ages for you to do anything unless you have like a huge computer farm or you can have like massive amounts of hashing power available, but usually for hobbies and the general normal people doing it through a mining pool usually ends ups being the better choice.
You can use the main one here. It will take like hours to synchronize this stuff. What you want to do is you want to maybe create a new one for your mining pool. And I made this address for it, for this computer. As you can see I just installed this like a few hours ago. So you just paste that stuff in here and enter your pin code.
Yeah, you have to remember your pin code and then click update account settings. So what that will do is it will enable you to start mining, because now they have an address where they pay your yield.
What I did here like that they have by default there is one worker and had a default password is X. And yeah, basically how you do that is down here you just type like GPU 2 and add password, whatever.
And then click add worker. And one of them is CPU miner which you can find in here on this thread at bitcointalk. You can check it out from there. So you just download it from here and then you extract it to your desired location. I put it actually in my Litecoin folder. I made another folder called miners. I just got this to work as well. This field is only for other CryptoNote coins.
Bitcoin and Litecoin are based on different algorithms. I have an account with minergate. I use a gpu rig on here. I use the address given for BTC and it keep saying network error and the socket goes dead after about ten minutes.
I want to put a Spondoolie sp20 to try your site out and then move onto bigger things. My email is Walterflack gmail. THX 0 Reply Hello! Thank you for your query. Our support team will review your email. And how do i calculate the profit in the minergate website calculator? Sorry im very new to this 0 Reply Hello! You can paste the hashrate into calculator to roughly estimate your profit. SO ca I mine using minergate or not? You are welcome to buy cloud mining contract in any way.
I share this on my social media and followers loved it! Please enter an answer in digits: Ready First of all, you need to know that your mining performance will depend on your hardware. Bitcoin Bitcoin mining is available on MinerGate in a form of cloud mining contract. Connect to MinerGate pool using this address: In my case, the settings looked like this: So, how to set up cpuminer with the parameters needed for your mining pool?
Well, it's usually simplest to write a one-line script known as a 'batch file' in Windows to launch the miner with the correct instructions. Now, open Notepad or your preferred text editor. Do not , however, use a word processor such as MS Word. Next, enter the script using the following formula note that this method assumes you are mining a currency that uses the scrypt algorithm:.
Once the batch file is saved, double click it to activate the miner program. Your mining pool will most likely have a web-based interface and, within a few minutes, the website should show that your mining worker is active. For those that intend to mine with GPUs, or USB mining devices , cgminer is the program to use and can be downloaded from the developer's website — unless, that is, you're a Mac user, in which case you will find some unofficial binaries here.
Versions of cgminer following version 3. Therefore, the latest version isn't necessarily the one to download. Instead, seek out the version appropriate for your needs. Again, in this example, we are making the assumption that you are using the Windows OS. However, if you are using Linux or OS X, the command line arguments ie: Furthermore, the instructions below once again assume you will be mining a scrypt currency.
Next, press the Windows key together with the "R" key, type in "cmd", and press "enter". This will open the command terminal. Use the "cd" command to change the directory to the one housing the cgminer zip file. Then, type in "cgminer. This will list all recognised devices on your PC. If your graphics card is detected, you should be good to go. If not, you'll have research the steps required to properly set up your specific graphics card. Now we'll make a batch file again, in order to start cgminer up with the correct parameters.
In this case, the command structure is:. Now the mining software of choice is set up, you will see various statistics scrolling across your command line terminal.
If you are using cgminer, you will see more information than you would with cpuminer. In the case of the former, you will see information about the currency and the mining pool, as well as about your mining hardware. If you're running cpuminer, you will only see references to blocks that your PC has solved; although, it does, at least, show your hashing speed. Good news for miners who own PCs with dedicated graphics cards: To make this possible, add a "-- threads n" argument to the minerd command.
Here, "n" stands for the number of CPU cores that you wish to employ for mining. Remember to leave one or two cores free to control your GPUs, though. For example, if you have a quad core CPU, try setting the "--threads" argument to "2" or "3".
Compare the hash rates shown in the terminal windows for each of your mining programs and you should see at least a five-times difference in hashing speed. What will be the hottest sector of blockchain this fall? I would like to receive the following emails: