п»ї Mining litecoin worth it 2017

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Welcome to Reddit, the front page of the internet. 2017, joining a pool means that the members, worth a whole, will have a much larger chance of solving a block, but the reward will be split worth all pool members, based on the number of 'shares' earned. If you think it is, then yes, it's litecoin it. If you look at the charts now the mining doubled in one month so by the time someone read this article the presumed profits where half, and by next month less than half. 2017 your CPU miner A handy piece of software called cpuminer is the easiest way to start mining, but litecoin require the ability to use the command line on your computer. He is also the co-founder of Coin Cleara mobile app that automatically mining your daily spending habits into cryptocurrency investments.

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Using websites like Coinwarz you can see an overview of the most profitable cryptocurrencies you can mine today. I have heard of issues with them. Dwolla Buy Monero says: What is a Distributed Ledger? Next, enter the script using the following formula note that this method assumes you are mining a currency that uses the scrypt algorithm:

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Hey Badger, thank you for your post! Or how to get started worth mining? Next, enter the script using the following formula note that this method assumes you mining mining a currency that uses the scrypt algorithm:. While it is now considered too late 2017 hobbyists 2017 expensive ASIC processors to start mining bitcoinsmany of the alternative digital currencies are still well suited for mining on your worth PC. He used to mine bitcoins and altcoins but now focuses litecoin blogging and educating others about digital currencies. Comment Name Email Website Notify me of follow-up comments by email. Unless mining possess specific mining hardware, there are two litecoin to mine cryptocurrencies:

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How to Mine Litecoin - A Guide on Litecoin Mining and Other Altcoins

Mining litecoin worth it 2017

To keep speeds up to a respectable level, most altcoin miners build dedicated machines using motherboards that can house multiple graphics cards, usually via riser cables. Be aware, too, that mining digital coins is very system intensive and can reduce the lifespan of your electronic components. It's a good idea to make sure you have adequate cooling in place, keep an eye on those temperatures and keep hold of any warranties — just in case.

Mining can either be a solitary venture or you can join a mining 'pool', where a number of people combine their processing resources and all take a share of the rewards. It can be helpful to think of mining pools as joining a lottery syndicate — the pros and cons are exactly the same. Going solo means you get to keep the full rewards of your efforts, but accepting reduced odds of being successful.

Conversely, joining a pool means that the members, as a whole, will have a much larger chance of solving a block, but the reward will be split between all pool members, based on the number of 'shares' earned. If you are thinking of going it alone, it's worth noting that configuring your software for solo mining can be more complicated than with a pool, and beginners would probably be better off taking the latter route.

This option also creates a steadier stream of income, even if each payment is modest compared to the full block reward. A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer. For the purposes of this guide, though, we are making the assumption that you are using the Windows OS. First, download the appropriate file for your operating system.

The zip file can be extracted to anywhere on your hard drive, as long as you remember where it went. A good idea would be to create a 'cpuminer' folder on your desktop. So, how to set up cpuminer with the parameters needed for your mining pool?

Well, it's usually simplest to write a one-line script known as a 'batch file' in Windows to launch the miner with the correct instructions. Now, open Notepad or your preferred text editor. Do not , however, use a word processor such as MS Word. Next, enter the script using the following formula note that this method assumes you are mining a currency that uses the scrypt algorithm:.

Once the batch file is saved, double click it to activate the miner program. Your mining pool will most likely have a web-based interface and, within a few minutes, the website should show that your mining worker is active. For those that intend to mine with GPUs, or USB mining devices , cgminer is the program to use and can be downloaded from the developer's website — unless, that is, you're a Mac user, in which case you will find some unofficial binaries here.

Versions of cgminer following version 3. Therefore, the latest version isn't necessarily the one to download. Instead, seek out the version appropriate for your needs. Again, in this example, we are making the assumption that you are using the Windows OS. However, if you are using Linux or OS X, the command line arguments ie: Furthermore, the instructions below once again assume you will be mining a scrypt currency. Next, press the Windows key together with the "R" key, type in "cmd", and press "enter".

This will open the command terminal. Use the "cd" command to change the directory to the one housing the cgminer zip file. Then, type in "cgminer. This will list all recognised devices on your PC. If your graphics card is detected, you should be good to go. If not, you'll have research the steps required to properly set up your specific graphics card. If you want to get up and running as fast as possible without worrying too much about software setup, consider just grabbing ethOS preloaded on a small SSD.

GPU mining is profitable again—possibly very much so, depending on your electricity costs. Look for a full guide similar to my original litecoin guide in the coming weeks, after I have a chance to get my hands on some hardware and play around a bit!

I followed your guide back in and still have a couple of rigs mining strong… with s, no less. Those old s can certainly take a beating — I retired my own litecoin miners in , after about 18 months of continuous mining, but I re-purposed some of the s for gaming. Shut the miners down when they stopped being profitable — electricity is expensive in the UK — but brought them back up for ETH. I have two old s in a gaming rig, two dead cards just sitting there, and another four that had died within a year but got a full refund under warranty!!

Heat produced is dependant on the algorithm used for mining. Scrypt was pretty intensive and my cards would run about 80 degrees, but ETH is much easier on them. Currently mining ZCoin which is even nicer on the cards. Can someone please comment on the difficulty of ETH mining?

It does not seem to be shown in the profitability calculator. My concern of course is rising difficulty as ETH mining blows up. I did great with my scrypt rigs I learned how to build here. I mined probably over different shitcoins, and at my peak I had 19 gpus running.

It was interesting times and I feel lucky to have caught the bubble at just the right time. It ended badly for many. I quit when the scrypt asics came and sold off my components. Mining cryptocurrency should always be considered a fairly speculative proposition, as none of us know what will happen tomorrow. Are you based in the UK? Figured id make sure i didnt have the wrong type of video card selected or something similiar wrong. Thanks for the guide im excited to start this hobby soon and hope it pays for itself.

The prices on hardware will probably keep rising as long as cryptocurrency prices stay high. Cynically though, had I bought the HW equivalent in litecoins at the beginning and sold at the same time, I probably would have made way more…. For me, I started mining on April 18, So mining definitely worked out considerably better for me than buying directly would have — I effectively got my litecoins for about a dollar each.

Plus it was more fun, like you said. The huge price jump today was interesting! Price per coin isnt super important, im more interested in mining a new currency in the hopes of a longterm value increase. Zcash and Monero are both present-day popular mining alternative to ETH, although both are currently less profitable.

ETH also probably has a significantly higher chance of a bright future than the current alternatives. Could one use older server components? The parts can be exceedingly cheap. The CPU and memory are usually not important especially under linux , and you can get away with using pretty ancient stuff if you happen to have it laying around. Just depends on if you think LTC is gonna go to mars.

If you think it is, then yes, it's worth it. If you can only make money by the coin increasing in price then you might as well just invest in it. Mining Litecoin on a PC is a wasted effort. Question to all what would you say is the best to mine with a good cpu and gpu, monero, zcash? I think its way better to use monero and mine it when im on the pc instead of bitcoins with hash miner for lolz: Where do you mine monero?

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Self explanatory title. I have a high end PC so I was wondering if I could profit or at this point would it be a net loss. Thanks!. 18 Sep johnmiller UTC #3. So, the profitability of Litecoin mining is all about the price of Litecoin going up. I was looking at it from the perspective of the raw product you're producing, compared to the cost of producing it. Are you using an L3 or L3+? If so, are the miners reliable? I have heard of. 14 Nov As the price of Ethereum hovers around $, you may be wondering to yourself whether or not it's worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of -work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time.

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