But we will guide you through step by step and you will be mining in no time.Įxtract the downloaded files to C:\ for easier setup later. It is a command based software which is a challenge to setup for first time users. I find the GUIMiner-scrypt to be very unstable so I would recommend CGMiner for this tutorial. Also, remember to change Coin to LTC.Īfter added, you should see a screen similar to this:ĬGMiner and GUIMiner are both popular choices within the mining community. After that, log in with the newly created account, select My Account and add a worker. I will be using coinotron for this tutorial.
We should look for a pool where multiple users work together to mine Litecoin and share the rewards based on work completed as it is not viable for solo mining anymore.
Gpu mining litecoin how to#
You can also learn more about securing your wallet from the tutorial on How to create a secure wallet. Losing your pass phrase will render the wallet useless as no one will be able to open it ever again. Enter the pass phrase and write it down to be kept somewhere safe. The Litecoin client has a built in encryption which can be activated by going to Settings > Encrypt wallet. I highly recommend that you take some measures to secure your wallet. Remember it runs on the network of its users? It will take fairly long, so let it run while we move on. The client will synchronize with the network to download the blockchain which contains all transactions ever performed.
Gpu mining litecoin install#
Choose and download the Litecoin client for your operating system then proceed to install it. The client could be downloaded from the official Litecoin site. To start mining crypto-coins, you will need a wallet to store the digital currency. ATI and AMD cards will need the AMD-APP-SDK that can be downloaded here.
Gpu mining litecoin drivers#
Before starting, make sure that your graphics card drivers are up to date.
Not all graphics cards support mining, but medium range and above graphics card which is bought within the last 3 years should be able to mine. At the moment, the most efficient card to mine Litecoin is AMD Radeon 7950 with the best hash per watt ratio. That is the reason those specialized hardwares developed for Bitcoin mining will not work with Litecoin and making GPU mining more effective. Litecoin uses a scrypt based algorithm, unlike Bitcoin’s SHA-256.The scrypt algorithm is more reliant on memory, not processing efficiency. The number of Litecoins will reach its limit when 84 million is produced as opposed to Bitcoin’s limit of 21 million, and it’s projected that it won’t occur until 2040. Compared to Bitcoin where transaction confirmations takes 10 minutes, Litecoin has a faster confirmation time of 2.5 minutes. Litecoin runs on the network of users that employ it. Crypto-currency price has skyrocketed lately and Litecoin seems to have appreciated even more than Bitcoin with a 400% increase in value over the span of last month. If you are not familiar with Litecoin yet, it is a decentralized digital peer-to-peer currency used over internet based off the concepts of the popular Bitcoin.
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