Litecoin mining guide cpu usage
Litecoin mining can be profitable, but only under certain conditions. The introduction of specialized mining hardware commonly referred to as ASICs , which can mine much faster and much more efficiently, has made finding blocks much harder with general-purpose hardware.
Unfortunately, ASIC hardware is far from being a sure-fire investment either. Potential buyers should be extremely careful, as various elements should be considered:. Good starting points are LitecoinTalk. Don't feel like investing in expensive hardware? Not everyone needs to be a miner. In fact, the easiest way to get started with Litecoin is to buy some at an exchange. As we've seen above, finding a block is very hard.
Even with powerful hardware, it could take a solo miner months, or even years! This is why mining pools were invented: Pool users earn shares by submitting valid proofs of work, and are then rewarded according to the amount of work they contributed to solving a block. The reward systems used by mining pools can be roughly subdivided into two categories: Choosing a mining pool can be a very personal decision, and several factors should be taken into consideration, including features, reliability, reputability, and user support.
ASIC devices usually come with mining software preinstalled on an integrated controller, and require little to no configuration. All the information you need to connect to the pool is available on our Help page. If you have decided to do some CPU mining just for the fun of it, since as we've seen above you are not going to make any profit , you should download Pooler's cpuminer. Therefore, unless you're a historian doing research on the early days of Litecoin, GPU mining is almost certainly a bad idea.
This page is for you. Should You Mine Litecoins? Potential buyers should be extremely careful, as various elements should be considered: For this reason, it is important to make a realistic prediction of how the difficulty will evolve in the near future.
ASIC hardware can mine litecoins extremely efficiently, but that's all it can do. For solo mining, if you have more computers, just follow step 2 and replace the ip This way you can connect a whole network of computers to mine on your wallet.
Here you can see the miner running, it shows the performance per thread, in this case 4 and the total hashrate when your first work is accepted. You should be mining by now! Anything missing or any questions? Leave a comment below. If you want more hashing power the Radeon is currently the most energy efficient card, you can find a lot of them on sale here. Your email address will not be published. You may use these HTML tags and attributes: About Arras WordPress Theme. Cryptocurrencies All the information you need about cryptocurrencies.
Litecoin LTC mining guide, cpu.