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Rates read this guys article from before the boom http: The way Share see it it's even better to buy R9 than HD series for this reason alone because it's dated as it is now and fetching crazy prices that no gamer would pay for it. The total block rewards collected by the pool are proportional diff the number of blocks it finds per time unit, which is litecoin on average to share total hashrate. As exchange average price in USD of the energy used for rates estimated numbers below we are litecoin 13 Cents per Kilowatthour. Watch diff quick litecoin video to learn more. Exchange difficulty of ltc is 1.
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Want to learn how to mine litecoins? Spend Litecoin The Math: Plus this is difficult to do if you're not set up to buy Bitcoin already see all the posts from people asking how to buy Litecoin This is why I am mining rather than buying also because I only have to pay for power since I already have a lot of hardware It is an algorithm that is updated based on total network hashing power to ensure that Litecoin blocks are generated on average every 2. Also, pools generally either have a set difficulty for everyone that means you'd get more shares on lower difficulty, but everybody would be getting more shares, so when the pool hits a block, a single share is worth less , or varies difficulty, and then calculates shares submitted with higher difficulty as worth more when it comes to distributing the block. How many people are in that card category? You said asses instead of assess.
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Two good calculator alternatives. And we can compare all of the diff. You can click that button down there. A lot of litecoin have different takes on that. After the halving one would expect that either the price will go up or the share must drop. Bitcoin Stack Exchange works best with Exchange enabled. You need to put your rates username dot your worker name.
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Litecoin Difficulty and Hashrate Chart - BitcoinWisdom
Secondly, the amount of time that it takes the network to create new coins is a little different. The bitcoin network creates twenty-five coins every ten minutes. The Litecoin network creates fifty coins every two and a half minutes. A lot of people have different takes on that. So each one point of Litecoin can be divided into a hundred million smaller units.
So if you want to skip the tutorial and download all of the software, go ahead and try it out. And we want to make sure that we go to Litecoin. This is a trusted source and we can download the Litecoin wallet for Windows, Mac or Linux.
So it goes fairly quickly. The first thing that we want to do is click on receive. So click on new address. Now this is the easiest software to use. Anyone can use it. So we can download GUIMiner-scrypt from guiminer. This is the original website to download the program.
You might need to go into your settings and configure them to allow you to download this program. Have a look at the official forum thread on Bitcointalk. If we click on that link there, that will bring us to the official thread and we can download the program from here.
So that will work as well to download GUIMiner-scrypt. Go ahead and download that program. And it should pop up after launching the program. Here is the program, but I have no idea what to put in any of these text boxes. So the first thing that we need to do is we need to find a host. But if we check out this website here, Litecoinpool. Also, I want to point out this other resource that I found: And we can compare all of the pools. And this would just kind of give us a little bit more information, especially on the fees for that pool and we can just kind of do our homework on the pool.
So I definitely recommend checking out the pool that you plan out joining before you join it. So put in my four-digit pin that I created when I created my account. And that will change our payment address. And so that means every time we mine one Litecoin, it will automatically send that Litecoin to this address, which is the address in my wallet. Now we need to create a worker, and so we can add a new worker down here at the bottom and we can really put in anything we want here.
This is just a name for our worker. Right on the main page, we can see the servers here. But you can see there are a number of servers in the United States, in Asia. And the very first thing that we need is they host. And if we hover over this text box, we see a little hint there. It says host addresses or host address without the http prefix. It should look very similar. But the port is three, three, three, four. So make sure that the port here three, three, three, four.
Now the user name is going to be our worker that we just created. My password was very simple, just one, two, three. Now my device is going to be my graphics card, which is this one here. You can see my processor, my CPU is available.
And I could select that. Here are the two links for AMD drivers. Just go to these links and download the latest drivers for your graphics card and install them.
GPU Thread, the default value was one. Work size, default is two fifty-six. Now the intensity, this is really where — this is — this number here is going to make the biggest difference in your kilohertz per second or your megahertz per second speeds. So intensity, twenty is really high; ten is really low. 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.
In April LitecoinPool. Due to centralization concerns, it was decided to temporarily close new registrations; later in , registrations were reopened, but have since been subject to approval. In August the back-end software was completely redesigned and rewritten from scratch to implement advanced efficiency and scalability optimizations that Pooler devised after implementing support for the Stratum protocol in cpuminer.
This new implementation makes LitecoinPool. In September LitecoinPool. We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool. In particular, many thanks go to in alphabetical order: That being said, when you are first connecting to VarDiff enabled pools you will start at a diff of 1, then it will adjust over a period of time to achieve a share per minute rate that was defined by the pool op.
EDIT At one time, the number of shares you submitted directly related to your hashrate, the more accepted shares, the faster you were hashing. AsicMiner products still use the protocol originally used by pools and bitcoind called "getwork". Most notable of the pool servers used at that time is pushpool. With VarDiff you don't have the ability to calculate by the number of shares submitted.
So you now calculate the hashrate based on the difficulty of the share submitted. I personally have found that when the hashrate calculation based purely on the number of shares submitted is slightly weighed in with your hashrate calculation based on the difficulty of the share submitted, the user's hashrate you calculate is more accurate than you would have if you calculated the hashrate purely on the difficulty of the submitted share.
This assumption is wrong. All you need to ensure is that your hash is below target and the target is based on difficulty. So you might hit a block which has no nonce that would give a hash below target, and you might hit a block for which every nonce would give a valid share.
And if your target is 0xFFFF By posting your answer, you agree to the privacy policy and terms of service. Questions Tags Users Badges Unanswered. Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. Join them; it only takes a minute: Here's how it works: