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Guide for Mining Litecoin and Altcoins

Mining digital currencies right from your huis laptop

Even tho’ you need high-end processors like ASIC to mine Bitcoins, there is still a possibility for mining Litecoin and Altcoins using your huis pc. Here you will build up the skill of mining cryptocurrencies using the devices you wield.

Te early days, to demonstrate proof of work based on hashing algorithm for mining digital currencies, SHA-256 or scrypt were used. Today, all the latest digital currencies tend to use scrypt.

You will need to set up a wallet to store the earned coins when you mine litecoin or mine altcoins.

Ways of mining cryptocurrencies

The two main types of mining are by using CPU (Central Processing Unit) or GPU (Graphics Processing Unit) hardware. GPUs with dedicated graphics cards are relatively swifter than CPUs ter mining coins. Many miners use dedicated machines with motherboards that can connect more than one graphics cards via riser cables.

Users can mine alone or with other people te a ‘pool’. Solo mining will permit to keep all the earnings, but will have lower chance of solving a block. A user joining a pool will have a higher chance of solving a block, but the earnings will be split among the group.

CPU Mining Litecoin and Altcoins

Installing CPU miner

The cpuminer is the ideal software to embark mining using the CPU. You can install cpuminer on Windows 32 bit, Windows 64 bit, Linux and Apple OS X by downloading it through SourceForge.

Writing the batch verkeersopstopping

You can set up the parameters of cpuminer ter a single step. This one line batch verkeersopstopping will launch the miner.

Parameters for the script:

  • Directory total path of the mining program [minerd.exe te C:\cpu-miner-pooler]
  • ‘stratum’ mining server URL [stratum+tcp://pool.d2.cc]
  • ‘stratum’ mining server port number [3237]
  • Mining pool username [“geroge”]
  • Miner name or number [“2”]
  • Miner password [“mine123”]

To write the script,

DO use a text editor like Notepad

DON’T use a word processor like Microsoft Word

Syntax of the script will be spil goes after,

Example “miner-profile” batch opstopping with .bat extension,

begin “C:\cpu-miner-pooler” minerd.exe –url stratum+tcp://pool.d2.cc:3237 -a scrypt –userpass geroge.Two:mine123

Once you run the batch opstopping, it will activate the miner program. The webstek of the relevant mining pool will then vertoning your mining worker status spil ‘Active’.

GPU Mining Litecoin and Altcoins

Installing GPU miner

The cgminer is the ideal software to commence mining using the GPU or USB mining devices. You can install cgminer on Windows 32 bit, Windows 64 bit, Linux and Apple OS X by downloading it through developer’s webstek. You need to check and choose the zindelijk release version suited for your GPU.

Once the software is installed, run the “cgminer.exe -n” to list out all the devices on your pc. If your graphics card or USB device is not detected, then you need to set up your device decently before proceeding.

Writing the batch verkeersopstopping

You can set up the parameters of cpuminer te a single step. This one line batch verkeersopstopping will launch the miner.

Parameters for the script:

  • Directory total path of the mining program [minerd.exe ter C:\cg-miner-pooler]
  • ‘stratum’ mining server URL [stratum+tcp://pool.d2.cc]
  • ‘stratum’ mining server port number [3237]
  • Mining pool username [“geroge”]
  • Miner name or number [“2”]
  • Miner password [“mine123”]

Syntax of the script will be spil goes after,

Example “miner-profile” batch opstopping with .bat extension,

embark “C:\cg-miner-pooler” cgminer.exe – scrypt -o stratum+tcp://pool.d2.cc:3237 –userpass geroge.Two:mine123

Once you run the batch verkeersopstopping, it will activate the miner program. The websites of relevant mining pools will then display your mining worker status spil ‘Active’.

Mining stats ter Directive prompt

Different mining software showcase different statistics ter the instruction line. The ‘cpuminer’ will vertoning references of solved rekentuig blocks and hashing speed. The ‘cgminer’ additionally shows currency details and mining pools.

Enlargening the voorstelling

The good news is that you can run cpuminer and cgminer concurrently. The cgminer has five times more hashing speed te comparison to cpuminer. Both are ideal ways for mining Litecoin and Altcoins.

Related movie: How to: Get Commenced with Bitcoin


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