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New people please read this. [upvote for visibility please]
I am seeing too many new people come and and getting confused. Litecoin wiki isn't the greatest when it comes to summing up things so I will try to do things as best as I can. I will attempt to explain from what I have learned and answer some questions. Hopefully people smarter than me will also chime in. I will keep this post updated as much as I can. Preface Litecoin is a type to electronic currency. It is just like Bitcoin but it there are differences. Difference explained here. If you are starting to mine now chances are that you have missed the Bitcoin mining train. If you really want your time and processing power to not go to waste you should mine LTC because the access to BTC from there is much easier. Mining. What is it? Let's get this straight. When making any financial commitment to this be prepared to do it with "throw away" money. Mining is all about the hashrate and is measured in KH/s (KiloHash/sec). Unlike the powerful ASICs (Application Specific Integrated Circuit) that are used to mine bitcoins using hashrates in the GH/s and even TH/s, litecoin mining has only been able to achieve at the very best MH/s. I think the highest I've seen is 130 MH/s so far. Which leads us to our next section. Mining Hardware While CPU mining is still a thing it is not as powerful as GPU mining. Your laptop might be able to get 1 a month. However, I encourage you to consult this list first. List of hardware comparison You will find the highest of processors can maybe pull 100 KH/s and if we put this into a litecoin mining calculator it doesn't give us much. Another reason why you don't want to mine with your CPU is pretty simple. You are going to destroy it. So this leaves us with GPUs. Over the past few months (and years) the HD 7950 has been the favourite because it drains less power and has a pretty good hashrate. But recently the introduction of the R9 290 (not the x) has changed the game a bit. People are getting 850 KH/s - 900 KH/s with that card. It's crazy. Should I mine? Honestly given the current difficulty you can make a solid rig for about $1100 with a hashrate of 1700 KH/s which would give you your investment back in about a month and a half. I am sure people out there can create something for much cheaper. Here is a good example of a setup as suggested by dystopiats PCPartPicker part list / Price breakdown by merchant / Benchmarks
Prices include shipping, taxes, and discounts when available.
Generated by PCPartPicker 2013-11-29 00:52 EST-0500
Estimated Hashrate (with GPU overclocking) : 1900 KH/s Hardware Fundamentals CPU - Do you need a powerful CPU? No but make sure it is a decent one. AMD CPUs are cheap to buy right now with tons of power. Feel free to use a Sempron or Celeron depending on what Motherboard you go with. RAM - Try to get at least 4 GB so as to not run into any trouble. Memory is cheap these days. I am saying 4 GB only because of Windoze. If you are plan to run this on Linux you can even get away with less memory. HDD Any good ol 7200 RPM hard drive will do. Make sure it is appropriate. No point in buying a 1TB hard drive. Since, this is a newbie's guide I assumed most won't know how to run linux, but incase you do you can get a USB flash drive and run linux from it thus removing the need for hard drive all toghether. (thanks dystopiats) GPU - Consult the list of hardware of hardware I posted above. Make sure you consider the KH/s/W ratio. To me the 290 is the best option but you can skimp down to 7950 if you like. PSU - THIS IS BLOODY IMPORTANT. Most modern GPUs are power hungry so please make sure you are well within the limits of your power consumption. MOTHERBOARD - Ok, so a pretty popular board right now is Gigabyte GA-990FXA-UD3 and the ASRock 970 Extreme4. Some people are even going for Gigabyte GA-990FXA-UD5 and even the mighty Gigabyte GA-990FXA-UD7 because it has more PCI-E slots. 6 to be exact. However you may not need that much. With risers you can get more shoved into less. PCI-E RISERS - These are called risers. They come in x16 to x16 and x1 to x16 connections. Here is the general rule of thumb. This is very important. Always get a POWERED riser otherwise you will burn a hole in your MoBo. A powered rise as a molex connector so that additional power from PSU can be supplied. When it comes to hardware I've provided the most basic knowledge you need. Also, take a look at cryptobader's website. This is very helpful. Please visit the mining section of Litecoin Forums and the litecoinmining subreddit for more indepth info. Mining Software Now that you have assembled your hardware now you need to get into a pool. But before you do that you need a mining software. There are many different ones but the one that is most popular is cgminer. Download it and make sure you read the README. It is a very robust piece of software. Please read this if you want to know more. (thanks BalzOnYer4Head) Mining Pools Now that your hardware and software is ready. I know nothing about solo mining other than the fact that you have to be very lucky and respectable amount of hashing power to decrypt a block. So it is better to join pools. I have been pool hopping for a bit and really liked give-me-coin previously known to the community as give-me-ltc. They have a nice mobile app and 0% pool fees. This is really a personal preference. Take a look at this list and try some yourself. How do I connect to a pool? Most pools will give you a tutorial on how to but the basics are as follows:
Signup for a pool
Create a worker for your account. Usually one worker per rig (Yes people have multiple rigs) is generally a good idea.
Create a .run file. Open up notepad and type cgminer.exe -o (address_to_the_miningpool:port_number) -u (yourusername.workername) -p (your_worker_password_if_you_made_one). Then File>Save As>runcgminer.run (Make sure the drop down is set to "All Files" and .txt document.) and save in the same folder as cgminer. That's it.
Double click on runcgminer.run (or whatever you named it) and have fun mining.
Mining Profitability This game is not easy. If it was, practically everyone would be doing it. This is strictly a numbers game and there are calculations available that can help you determine your risk on your investments. 4 variables you need to consider when you are starting to mine: Hardware cost: The cost of your physical hardware to run this whole operation. Power: Measured in $/KwH is also known as the operating cost. Difficulty rate: To put it in layman's terms the increase in difficulty is inversely proportional to amount of coin you can mine. The harder the difficulty the harder it is to mine coin. Right now difficulty is rising at about 18% per 3 days. This can and will change since all you miners are soon going to jump on the band wagon. Your sanity: I am not going to tell you to keep calm and chive on because quiet frankly that is stupid. What I will tell you not to get too carried away. You will pull you hair out. Seriously. Next thing you will need is a simple tool. A mining profitability calculator. I have two favourite ones. coinwarz I like this one cause it is simple. The fields are self explanatory. Try it. bitcoinwisdom I like this one because it is a more real life scenario calculator and more complicated one (not really). It also takes increasing difficulty into account. Please note: This is the absolute basic info you need. If you have more questions feel free to ask and or google it! More Below.
[Build Help] First Time Build for Gaming/HTPC/Audio Recording and Editing
I'm a first time builder looking to get a rig that will perform well and be reliable. I'd like to have it last a couple years. I would like to have the computer function as part of a DAW on which I can record and edit several instruments and vocals (probably Pro Tools) as well as using Ableton or similar software for making electronic music. I will be doing some moderate gaming, but nothing too crazy. I'd also like to use it as an HTPC. I will be coding and doing web/app development using environments like eclipse and VS, including using emulators such as android emulator in eclipse. I want to be able to work from home which involves VNC. Possible bitcoin mining. Tell me what you think. PCPartPicker part list / Price breakdown by merchant
[vc_row row_type="normal" row_delimiter="" row_fixed="" hide_on_tablet="" hide_on_mobile="" hide_on_frontpage=""][vc_column icons_position="left" column_type="center"] Motherboard ASRock 970 EXTREME4 AM3+ AMD 970 SATA 6Gb/s USB 3.0 ATX AMD Motherboard with UEFI BIOS Graphics SAPPHIRE Radeon HD 7950 3GB GDDR5 PCI-Express Video Card **THREE OF THESE!! Power Supply Antec High Current Gamer Series HCG-900 900W ATX12V v2.3 / EPS12V v2.91 SLI Certified CrossFire Certified 80 PLUS BRONZE Case COOLER MASTER HAF XB Black Steel body, Front Mesh, ATX Desktop Computer ... Motherboard: Asrock 970 Extreme4 Mainboard (AM3+ Prozessor, DDR3 Speicher, 4x USB 3.0)* ... Öffne ein neues Eingabeaufforderungsfenster um mit dem Ether Mining zu beginnen und gib folgende Befehle der Reihe nach ein und bestätige diese jeweils mit der Enter-Taste: cd/ (Enter-Taste) cd Ethermining (Enter-Taste) cd Ethereum (Enter-Taste) ethminer -G --cl-local-work 256 (Enter-Taste) Nach der ... 1 x ASRock 970 EXTREME4 AM3+ AMD 970 + SB950 SATA 6Gb/ 1 x SAMSUNG 840 EVO MZ-7TE120BW 2.5″ 120GB SATA III TL 1 x CORSAIR XMS 4GB 240-Pin DDR3 SDRAM DDR3 1333 Deskt 1 x AMD Sempron 145 Sargas 2.8GHz Socket AM3 45W Singl Wollen Sie beispielsweise mit drei Litecoin GPUs Mining betreiben, bietet sich das ASrock 970 Extreme4 an. Modelle von ASrock sind unter Minern allgemein sehr beliebt, aber auch hier finden Sie online eine Reihe von Auflistungen von Alternativen. Bei der Wahl des Prozessors dürfen Sie guten Gewissens Geld sparen und sich für ein billiges Modell entscheiden, das nicht zu viel Strom verbraucht ...
1) AMD SEMPRON 145 SAM3 1MB 45W BOX SDX145HBGMBOX 2) ASRock 970 EXTREME4 3) Enermax ATX 2.3 LEPA G 1000W 4) Kingston 4GB PC12800 DDR3 CL9 HyperX Blu KIT OF 2... ASRock 970 Extreme 3 R 2.0 32 GB Boot Fail - Duration: 11:30. ... Resetting the CMOS battery and jumpers on the motherboard. Ethereum Mining Rig - Duration: 6:43. AtHomeCrypto 154,673 views. 6:43 ... Unboxing and quick look at an ASRock 970 Extreme3 Socket AM3+ AMD ATX motherboard (say that 3 times fast). GTX 970 Pushed to the Limit - Mining Ethereum at 23.07 Mh/s - Duration: 11:18. IMineBlocks 62,442 views. 11:18. What It Was Like MINING Cryptocurrency Full-Time For A Year Tails Health Update ... This video is unavailable. Watch Queue Queue. Watch Queue Queue