How to Mine Litecoin and other Altcoins. I envision a tool that is self documenting and performs the function of a miners assistant. Solo, or with the crowd? Have a look at the official forum thread on BitcoinTalk. You can mine BSD without mining equipment.
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The default is reaper. Latest stable version of Bitcoin Core: 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. Maximising your power Good news for miners who own PCs with dedicated graphics cards: Please don't fill out this field.
For licensing, inquire today. It supports reaper getwork mining protocol as well as the Stratum mining protocol, and can be used for both solo and pooled mining. I litecoin so afraid I would have to spend days trying to find the perfect settings for my s. You will now need your mining pool details, just as with the CPU mining section above: Next, enter the gpu using the following formula note that this method assumes you are miner a currency that uses the tattoo algorithm:.
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Unless you possess specific mining hardware, there are two ways to mine cryptocurrencies: Of the two, a GPU offers far better performance for the cryptographic calculations required. However, if you are making your first foray into mining and don't possess a souped-up gaming computer — a laptop with Intel integrated graphics, perhaps — it will still be possible to mine those altcoins, but at a far slower rate.
The catch with GPU mining is that it requires a dedicated graphics processor, such as you may have fitted inside your desktop PC — the Intel integrated graphics cards found in most laptops are just not suitable for the task. To keep speeds up to a respectable level, most altcoin miners build dedicated machines using motherboards that can house multiple graphics cards, usually via riser cables.
Be aware, too, that mining digital coins is very system intensive and can reduce the lifespan of your electronic components. It's a good idea to make sure you have adequate cooling in place, keep an eye on those temperatures and keep hold of any warranties — just in case. Mining can either be a solitary venture or you can join a mining 'pool', where a number of people combine their processing resources and all take a share of the rewards.
It can be helpful to think of mining pools as joining a lottery syndicate — the pros and cons are exactly the same. Going solo means you get to keep the full rewards of your efforts, but accepting reduced odds of being successful.
Conversely, joining a pool means that the members, as a whole, will have a much larger chance of solving a block, but the reward will be split between all pool members, based on the number of 'shares' earned.
If you are thinking of going it alone, it's worth noting that configuring your software for solo mining can be more complicated than with a pool, and beginners would probably be better off taking the latter route.
This option also creates a steadier stream of income, even if each payment is modest compared to the full block reward. A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer.
For the purposes of this guide, though, we are making the assumption that you are using the Windows OS. First, download the appropriate file for your operating system. The zip file can be extracted to anywhere on your hard drive, as long as you remember where it went. A good idea would be to create a 'cpuminer' folder on your desktop. 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. Which do you think will be live first? It provides a more convenient way to operate Any Scrypt Cryptocurrency miners without Currently supported algorithms are SHAd and scrypt , 1, 1. Features Highly optimized for CUDA architectures Automatically uses all available video cards Supports the Stratum mining protocol Lightweight, only depends on libcurl With all of the information available on the net regarding crypt mining confusion rapidly ensues.
It's all over the web. A plethora of information; some right, some wrong, most confusing at best. I envision a tool that is self documenting and performs the function of a miners assistant. An installation, configuration, and documentation tool set specifically for crypt mining.
This is completely an open Statercoin, is the new peer-to-peer digital cryptocurrency was created on December 31, as a fork of Litecoin. It also uses scrypt hashing algorithm and based on an open source protocol and is not managed by any central authority.
It allows you to send and receive instant payments anyone in the world without charges. If you are familiar with Bitcoin but with a little difference since you can mine it using a consumer grade hardware. Statercoin uses faster confirmation 2minutes and uses New Reaper client for Copperlark and primecoin solo mining.
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Upon completion, you can view detailed reports about your connection. Host on your own infrastructure or use ours. For licensing, inquire today.