Gpu Litecoin LTC Mining

Guide for Bitcoin & Litecoin mining by If you are looking to mine Bitcoins or Litecoins with Minergate pool, here are some useful instructions from the member of our team Janika. My name is Janika and I am very fresh in the world of cryptocurrency.

Jul 12, 2017 - Mining Litecoin is not as difficult as BTC because the difficulty level is still small, why small? Because ASIC miner can not participate in mining in LTC because the programming is not yet available. Currently available for mining in LTC is GPU and Processor. But I think it's better to use GPU. Guide for Bitcoin & Litecoin mining. CryptoNote is a solid choice for CPU mining, GPU performance may vary.

I have never tried to mine one of the “major” cryptocurrencies and today I want to prove you that it is not that difficult even for a novice. Just put your mind to it, I will do my best to help you. Ready First of all, you need to know that your mining performance will depend on your hardware.

Buy LiteCoin Miners AMD gpu cards For LiteCoin Mining nvidia gpu cards for LiteCoin mining AMD gpu graphic Cards Nvidia gpu Video Cards Workstation gpus. Dec 3, 2013 - That is the reason those specialized hardwares developed for Bitcoin mining will not work with Litecoin and making GPU mining more effective. Also, remember to change Coin to LTC. Is your username.worker which we have created at coinotron.com, for instance my login is ltcminer.worker1.

Litecoin and especially Bitcoin require powerful resources to be mined profitably. There are several possibilities to choose from.

First of all, you can use the hashing power of your CPU (central processing unit) or GPU (graphic processing unit), by which I obviously mean graphics card. It is safe to say that you will get better results using the latter, but of course you are free to experiment. The third option appeared in 2013 when hardware developers from China released first ASICs (application-specific integrated circuits) to mine Bitcoin even faster. Simply put, an ASIC is a microchip that makes the required calculations extremely quickly. The first cryptocurrency became quite famous in 2011 when Bitcoin reached the price of about $1000.

More and more miners joined the network, the difficulty rose and you could run your hardware for weeks without being able to find a single block mining solo. It was a waste of power and money, so miners started to gather into. Is one of those mining pools. The miners form a network to combine their computing powers and have a better chance to find a block. The reward is then spread evenly between the participants of the pool depending on the hashes sent. The more powerful hardware you have, the more hashes you will send.

The competition is very high, so I strongly advise you to do some research before you start mining any of the coins. There are lots of forums where miners share the results they get, you can also create a topic on and discuss the possible outcome for your hardware. The producers of ASICs usually mention the potential hashrate on the package.

I can also advise you to visit the pages with hardware comparison: • Bitcoin • Litecoin Set Settings Miners often ask me how to set up Bitcoin or Litecoin mining on our pool. Well, here is the answer.

Bitcoin Bitcoin mining is available on MinerGate in a form of cloud mining contract. It means that you are leasing the power to mine Bitcoin and don’t set up anything yourself. We’ve covered more on the subject in. You can create a contract. Download a miner that supports Litecoin mining.

There are lots of programs available with console or graphic interface. Your final choice depends only on your personal preferences. Connect to MinerGate pool using this address: stratum+tcp://ltc.pool.minergate.com:3336 3. Fastest Cryptonex CNX Miner Software.

The settings may vary depending on the miner, there is no universal recipe here. Usually you can find the information on the website/forum thread where you download the application.

Your pool login is the email for your MinerGate account. Instead of password, just enter x. Go (the Litecoin mining experiment) My experience In theory it all seems relatively simple and clear. To prove that anyone can do it, I tried it myself in practice. L am writing this article on a simple laptop, which also became my testing mining rig. Maybe it’s not the perfect machine for mining purposes, although please remember that I do this purely for research. 1. CPU is the only way to mine for me, so I needed to find an application for CPU mining. It wasn’t that hard: there are multiple solutions available.

Of course, GUI miners are easier to use but I refused to cut the corners or look for an easy way, so I downloaded, which works in console mode. Chrome recognized it as a malicious software, so I went to the advanced settings and disabled protection provided. If you need to do it as well, don’t forget to reenable it after the download, as there are lots of phishing sites, better safe than sorry. At first, it was quite difficult for me to get used to command line interface, although I wanted to prove that any newbie can succeed with the right attitude. I did my research and managed to figure out the settings. The miner I used provides help if you enter – -help, there you can find all the commands available.

In my case, the settings looked like this: -o stratum+tcp://ltc.pool.minergate.com:3336 -u koukijanika@gmail.com -p x I pressed Enter and it worked! In a couple of minutes I got the first “yay!”, which means that I found a good share. It was one small step for Litecoin mining history and one giant leap for me. Q.E.D., I’ve proven it – a complete newbie like me with a regular laptop like mine can actually set up mining of one of the major cryptocurrencies. Calculations When the sense of wonder gave place to reason and I got a couple of “booos” (bad shares), I cooled down a bit and decided to calculate my potential income in the MinerGate’s.

The hashrate my laptop was able to reach for Litecoin was about 14-16 kH/s, which seemed really surprising at first as I could get only about 20-22 H/s for Bytecoin, for example. I entered my best hashrate (16 kH/s) and held my breath What? Only $0.00047 a day?

Okay, still must be more than what I would make of 22 H/s on one of the CryptoNote coins. As you can see, I would have made about 20 times more mining the most profitable CryptoNote currency for that moment even if I had seemingly about 700 times less hashrate than mining Litecoin. What is the trick here? Algorithms Different algorithms reach very different hashrates on the same hardware. Bitcoin is based on SHA-256, Litecoin is based on Scrypt and most of the coins from our pool are based on CryptoNote (technically, it’s CryptoNight and CryptoNote is the technology it is based upon). CryptoNote is a solid choice for CPU mining, GPU performance may vary. You can try for yourself and share your results with us.

The developers deem the algorithm to be a base for egalitarian cryptocurrencies that anybody can mine, that’s why it is also ASIC-resistant. Read more about the technology on the. Hopefully, I was able to give you a rather comprehensive introduction to Bitcoin and Litecoin mining on MinerGate pool. It is not that intricate, although still takes some time and energy to get used to. All you need to do is to dedicate some time to research and I’m sure you will find a perfect match for you and your hardware on our pool. To start your journey. Don’t be shy!

We are always happy to share our experience with the new miners, just contact our or ask your question in the chat to our support members or moderators. I don’t understand what is going on. I have an account with minergate. I use a gpu rig on here. Free Litecoin LTC Mining Android.

I use the address given for BTC and it keep saying network error and the socket goes dead after about ten minutes. It won’t let me get faster than 1 TH. I emailed you guys on 12/9/16 and I haven’t recieved a response yet and I tried again today and the issue is still there. Is there another address to use as I do see people mining BTC on minergate and they look like they aren’t having any issues like me. I want to put a Spondoolie sp20 to try your site out and then move onto bigger things. Please let me know what is going on with minergate so I can start mining ASAP.

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The views in this video are my own. Nobody is forcing you to do anything. Cryptocurrency or any investment comes with certain risks and you could lose all of your money at any time.

So, be careful with your decisions. Research as much as possible before getting involved.* Email: info@learntobitcoin.co.za Follow us on Twitter: Like us on Facebook: Subscribe on YouTube: Donate: BTC: 19qc4bbqcZ17mmkrJ9CSq3ri6KoeSkvG85 ETH: 0x37ff90aeda486dba2f5f3dfe3231a9 NEO: AWKqKuAoQqGKWuXcAmXBYbqjEf65eZpifd LTC: LegccPzbxzY8myBsWvb6SpMg6cYbAgRv3G EVX: 0x37ff90aeda486dba2f5f3dfe3231a9 STRAT: SaXCqMVS3nni4CDPdW87m8nbDGs3KAUJkf Zcash [ZEC] Zcash is a decentralized privacy-centered currency, allowing users to partly conceal the details of their transactions, such as sending and receiving parties and the amount. It is possible due to innovative technology the developers have come up with, zero-knowledge proving. Zcash is a fork of Bitcoin protocol, thus they share some similarities, such as the total amount of coins to be minted and block reward halvings. Advanced privacy is the main major improvement.

Litecoin [LTC] Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware.

Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units. One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins.

With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used. Bytecoin [BCN] Bytecoin is a first CryptoNote-based cryptocurrency. A CPU-mined coin, it/s primary advantages are extraordinary transaction untraceability and unlinkability features. BCN is stated to be much more anonymous than Bitcoin and all its existing forks.

The developers claim a person’s right to privacy is their primary concern and strictly observe their own privacy. Bytecoin was started on July 4th, 2012. BCN is based on CryptoNote, an open-source technology for anonymous cryptocurrencies. It utilizes ring signature and one-time addresses for completely anonymous payments.

CryptoNote is designed in a way, which makes block chain analysis impossible. CryptoNote is focused on CPU-mining in order to make the special purposes devices useless. Monero [XMR] Monero is a new coin using the CryptoNote protocol. It's based on Bytecoin, which was coded from scratch and is not a descendent of Bitcoin. XMR was launched on April 18, 2014. DigitalNote [XDN] DigitalNote is an experimental open-source cryptocurrency based on CryptoNote technology and CryptoNight algorithm.

It is a fork of Bytecoin - the very first implementation of CryptoNote. Nobody own or control DigitalNote. It is a scalable decentralized cryptocurrency with strong privacy protection. DigitalNote uses ring signatures, to provide unlinkable and untraceable transactions. Dashcoin [DSH] Dashcoin is a Next generation anonymous cryptocurrency and the first automatically mutating cryptocurrency created with CryptoNote technology. Donate: BTC: 17rsZ1LrFHZpqujJv3CPQCPEUFpkQBAvzB LTC: LgGb7GFMSbVBroadWzeH8JgPCx99oa1Cgr ETH: 0xad7da2afccc0cecf6a9d008826ce04297d57c879 NEO: AMG32J3RZbizrh1YxcfkZK17kKxNsJdtUu STRAT: SWZT2r3SmrbqdHmMZCavjjae2dyEEH2vxo.