get your Pool Mining addresses and edit the script with the address, username, and worker name. you have to set up your Exchange wallets. Like I said there are quick start guides. for Vert and Monacoin I use ccminer for Bitcoin Gold I use EWBF.
#REDDIT HOW TO START MINING LITECOIN INSTALL#
You need to install or download the script you plan to use. MPH actually has quick start guides and links for most of the coins.4. But I use MiningPoolHub because they have pools on all the coins I was interested in. That’s why Litecoin earned the nickname Silver to Bitcoin’s gold. The main proof of that is that Bitcoin takes 10 minutes to mine while Litecoin takes approximately 2.5 minutes. You need to pick a Mining Pool because mining solo is rarely profitable in the long run. Charlie Lee created Litecoin, not to compete with Bitcoin but rather to make something more sustainable and effective. You need to create a wallet on an exchange for EACH coin you plan to mine. I have a couple of geforce 1060's and a couple of 1050's. You need a fairly decent graphics card to make it worth your while. I also have an older ASIC miner mining Bitcoin and making a few dollars a day.) Mining is NOT hard but there are a few steps involved. Before you start mining, it’s important to decide if you’d like to mine solo or in a pool. Both block rewards halve every four years, and have a hard cap as well. The differences between the two assets are enough to make mining Litecoin a much simpler process.
For more information on this rule, click here and here.Īs someone previously said, You would be better off mining a different coin than Litecoin(I am curently mining Vertcoin, Monacoin, and Bitcoin-Gold on 3 of my computers and actually making a small profit. Rewards for mining are also much higher on Litecoin. Please post your configs if you are asking for help, or if you are submitting pictures of your mining rig.For more information on this rule, click here. You can find great resources via our sidebar, our wiki, and the reddit search function. Please do some research before asking for help.Please keep these to /r/ltcmarket, /r/CryptoHardware, or /r/hardwareswap. In general make sure your posts and comments are good natured and courteous.No crossposts to other crypto subs unless the information is also relevant to Litecoin.Discussion is allowed, but it must be done via self post and not contain a link to the buy page of the product in question. Excessive updates and/or posts will be removed. Pool advertising is allowed but should be kept to a minimum.Coin switching/multicoin pool posts and advertising are not allowed as they do support the Litecoin network.Discussion of other currencies should go in their relevant subs. Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. All posts must be related to Litecoin or Litecoin mining. For discussion about Litecoin, the leading cryptocurrency derived from Bitcoin.P2Pool mining guide - set up your own P2Pool node.Welcome to the community, and please follow the rules in the sidebar! Click here to view our very own wiki! More resources below.
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