How to start mining litecoin 2018 install#

So the guide is helpful no matter what your reasons for Litecoin mining are. The process of mining with an ASIC rig is essentially the same as the process for mining with a consumer CPU/GPU. This page is aimed at hobbyists, those who want to try mining out, and those who want to understand the basics of Litecoin mining. With that said, this page isnР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›t just aimed at those who are looking to profit from mining. For example, in early 2018, the Antminer Р В Р’ВµР Р†Р вЂљР’В¦Р РЋРІР‚Сљ+.

To make a profit, you need something like a new Antminer Litcoin ASIC-based rig. TIP: Mining Litecoin with a CPU/GPU is not profitable even if you have free electricity as will tell you if you want to join their operation. You can read more about the basics of mining here. What is cryptocurrency mining? ItР В Р вЂ Р В РІР‚С™Р Р†РІР‚С›РЎС›s less Minecraft and more setting up your computer to confirm cryptocurrency transactions. Coins your worker mines are collected in your mining pool account and can be sent to your wallet via the mining pool account too. This tells the mining software to start and tells your worker to be the one mining. Step 5: Write a simple command line in terminal. This allows your computer to mine cryptocurrency.

How to start mining litecoin 2018 install#

Step 4: Install CPUminer software to get your computer mining. Step 3: Create a workerР В РІР‚в„ўР вЂ™Р’В bot to mine for you. This lets you pool mining power with other users, create Р В Р вЂ Р В РІР‚С™Р РЋРЎв„ўworkersР В Р вЂ Р В РІР‚С™Р РЋРЎС™ to mine for you, and offers a way to get paid for mining. This lets you receive and transfer funds. Step 1: Get a Litecoin wallet (we suggest Litecoin Core).