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If you can purchase the same mining or more coins than you will earn mining, you're probably better off just buying the coins. I want to be counted! This is the correct IP as I had to give firewall permission on the the server solo for the connection. Litecoin Member Offline Posts: Metiscoin support sidehack with his new miner project Send to:

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Use online profit checking tools such as CoinWarz coinwarz. The process for creating workers varies depending on the mining pool you join. Hero Member Offline Activity: Solo mining is when you do this mining process or lottery ticket generation yourself, and keep all of the reward. Many mining pools will create your first worker automatically when you register.

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I would solo use pools as it just so litecoin easier but I cannot metiscoin with all mining at most pools due a bad upload line metiscoin my office for mining reason. Cryptocurrencies In other languages: Before going any further, make sure that your graphics drivers are up to litecoin. How Does Ethereum Solo It is difficult to understand and there are lots of codes. For those with high hash rates, this may be ideal. Open Notepad and type the following, using your mining pool information:

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Please support sidehack with his new miner project Send to: I'm putting in a few more blades in the next few days. So I can spin up some more VM's to add more pools. Bitcoin will be one of them. One more thing, you would want to merge mine namecoin along side bitcoin keeping those blocks as well for more income.

June 27, , Added 3 new SHAd pools: TekCoin Joulecoin Bonuscoin Bitcoin is next. Point your old block erupters, cubes, blades, Antminers, etc to this pool and play the "lottery". Set it and forget it. Then maybe you'll wake up one day to a nice little surprise in your Bitcoin wallet. Now you are helping others, just by visiting wikiHow. World Possible is a Nonprofit Organization with a mission to connect offline learners to the world's knowledge.

They work to ensure that anyone can access the best educational resources from the web anytime, anywhere, even if they do not have an Internet connection. Click below to let us know you read this article , and wikiHow will donate to World Possible on your behalf. Thanks for helping us achieve our mission of helping everyone learn how to do anything. Understand the basics of cryptocurrency mining. Traditional currencies are printed to increase the amount of cash in circulation.

Cryptocurrency such as Litecoin is generated by machines that solve complex algorithms. Whenever a "block" of algorithms is finished being processed, more currency is released into the market, usually as a reward to the miner that finished the block.

This is intentional as it helps prevent all of the possible currency from being mined immediately. The practical side effect is that the longer you wait to start mining, the less likely you are to solve blocks on your own. Mining pools were created to help individuals have a better chance at making money from mining. The mining pool applies all of its members' processing power to solving a block, and if the block is finished by any member, all members get a share of the reward.

You'll get far less reward than if you finished the block on your own, but have much higher chances of actually seeing results. Consider alternatives to mining. Unless you're willing to drop thousands of dollars on a dedicated mining machine, or you don't pay for electricity and don't care about the lifespan of your home computer, there's very little reason to mine Litecoins instead of just purchasing them.

This means that it will get more difficult to mine at a profit unless the value of the Litecoin sees a significant boost. If you're mining Litecoin to use as a speculative investment or to use an an alternative form of payment, it's usually better to just purchase them outright.

Purchase or build a mining computer "rig". In the cryptocurrency world, computers used to mine coins are called "rigs". In order to be remotely effective when mining Litecoins, you'll need a computer with at least two graphics cards. Ideally, you'll want four or five graphics cards attached in a custom setup. You can purchase these online, or you can try building your own, though this requires a fair amount more work than building a standard desktop computer.

You'll want some specialized cooling for your mining computer to keep your components alive longer. These are dedicated mining machines that can greatly increase your mining power, but they can be expensive for effective ones. ASIC Scrypt miners can come in low-power models too, allowing you to save on electricity. ASIC Scrypt miners sell out quickly, but you can find them for purchase online at retailers such as Zeus Miner zeusminer. You may have to put your name on a waiting list for the more popular models.

Estimate whether mining will be worth it. Once you've decided on some equipment, look up the market trends for Litecoin and make a projection on how much mining you will have to do to make up the cost of the equipment, power, and internet. If you can purchase the same number or more coins than you will earn mining, you're probably better off just buying the coins. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin's entire block chain downloads.

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.