Beginners Guide To Mining (litecoin On A Mac)
Cryptocurrency Basics Beginners Guide to Mining (Litecoin on a Mac) Do you like our content? Or, do you want to test out a new wallet? Feel free to send some coins to one of our wallets public addresses. All donated funds will go toward improving the site. Litecoin Surges to $400 Coinone Added Litecoin; Spurring on a Price Bump Cryptocurrency Basics 24 Cryptocurrency Mining 6 The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. See our about page for more disclaimers and information. Beginners Guide to Mining (Litecoin on a Mac) A Simple Guide to Mining Litecoin on a Mac As an Introduction to Mining Cryptocurrency in General Our beginners guide to cryptocurrency mining shows you how to mine Litecoin on a Mac in 30minutes. Mining Bitcoin and other cryptocurrencies is similar, so this is asmart starting point for anyone interested in mining cryptocurrency. For those using other operating systems (Windows for instance) we will be releasing more mining guides for beginners down the road. IMPORTANT (READ THIS FIRST): We are curren Continue reading >>
A Closer Look At Litecoin Mining: Is It Worth Doing?
A closer look at Litecoin mining: Is it worth doing? The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isnt content to just turn those mining rigs off not when theres an alternative currency available for which ASIC miners dont exist. That alternative is Litecoin and theres reason to think that buyers have emptied the shelves of AMDs Radeon hardware to build mining platforms. First off, theres the fact that over in the US at least you cant find a high-end Radeon in stock at the moment. Newegg and Amazon.com are both out of stock, while over at Amazon.com, the lowly AMD Sempron 145 a single-core, 2.8GHz chip with a $30 (18) price tag is the fifth most popular CPU. Further proof of this trend is the Litecoin network hash rate, as shown here: Clearly Litecoin miners are coming online, and theyre coming online en masse. Many of these are undoubtedly Bitcoin miners switching over now that GPUs are no longer cost effective, but some of these systems are probably driven by new miners. Litecoin, like Bitcoin, is a cryptocurrency, but its based on scrypt, not SHA-256. Scrypt is a different cryptographic algorithm thats purposefully designed to be difficult to parallelise. While that hasnt stopped it from moving to the GPU, it requires far more memory than Bitcoin mining several gigabytes worth, as opposed to several dozen megabytes. Litecoin confirms transactions faster (every 2.5 minutes, rather than every 10 minutes for Bitcoin) and it contains more Continue reading >>
Bitcoin And Litecoin Mining With Asteroid For Mac
Bitcoin and Litecoin mining with Asteroid for Mac Asteroid is a Bitcoin and Litecoin mining client for OS X that uses cgminer and a full suite of OS X technologies. While Bitcoin isn't cost-effective to mine without expensive hardware, Litecoin is easily to mine on your Mac. Here's how. In my previous post on How to mine Bitcoin on your Mac I recommended MacMiner as my Bitcoin miner of choice. Like Bitcoin itself, the mining hardware and software space moves at the speed of light and shortly after I posted my mining piece I switched to a new OS X mining client called Asteroid . Although the screenshots below show Bitcoin (BTC) mining, Asteroid is also a capable Litecoin (LTC) miner, which, as I blogged over the weekend , is a better choice if you're just getting into mining crypto-currencies. The BTC difficulty rate is far too high to make any ROI mining with the GPU in your Mac and BTC mining requires dedicated hardware (ASIC) that's both expensive and constrained . Here are some features in the first release of Asteroid: Easy install, clean UI, with full retina graphics Monitor from your smartphone, thanks to support for MobileMiner Pre-configured with settings for the 30 most popular BTC/LTC pools Crowdsourced Scrypt settings, so you get the best Litecoin hash rates as found by other asteroid users Uses keychain to keep your passwords organized and secure Temperature monitoring with alerts and automatic cool downs Monitor a coin balance from within the app to watch your pool payouts Hash rate in dock icon, as well as device stats in dock menu Open-source and uses the unofficial cgminer for OS X binaries Ultra-transparent asteroid is written in an interpreted programming language (applescriptobjc), so you can read the exact same code that runs it (instead of trusting Continue reading >>
Litecoin Cryptocurrency: A Complete Guide For Absolute Beginners
Litecoin Cryptocurrency: A Complete Guide for Absolute Beginners By: Sudhir Khatwani In: Cryptocurrency Last Updated: The rush to collect cryptocurrencies continues well into 2017. If you are new to the crypto space, you might have heard of only Bitcoin . <br /> Can't load widget<br /> But there are hundreds of altcoins(or alternative cryptocurrencies) other than Bitcoin. Each altcoin comes up with its own unique technology and vision to change the world. One such cryptocurrency goes by the name of Litecoin. Fun fact: Litecoin prices surged more than 1000% in last one year. Litecoin is the worlds first altcoin. Like Bitcoin, Litecoin also exists on the internet as digital money. No one can feel, touch, or mint it. But there are still fundamental differences between both currencies. What Is Litecoin Cryptocurrency Used For? Litecoin is a cryptocurrency like Bitcoin, but it is based on an entirely different protocol. It was conceived to act like pure digital money. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is also open source, decentralized, and backed by cryptographic math to secure transactions. Litecoin was not made to compete against Bitcoin, but instead to act as a complimentary payment solution alternative. Think of Litecoin as the silver to Bitcoins gold. Litecoin was created on 7th Oct 2011 by Charlie Lee, an ex-Google employee. Litecoin was designed to complement Bitcoin by solving problems like concentrated mining pools and transaction timings. Charlie is very active on Twitter , and you can read his blog here . Litecoin came from Bitcoins core code with some modifications. Charlie Lee modified the code and protocol in the way he considered best in orde Continue reading >>
What Is Litecoin Mining? Learn All You Need To Get Started.
What is Litecoin mining? Learn all you need to get started. Litecoin mining is done by specialized computers and hardware. It serves two main purposes: 1) It secures the network and verifies transactions. 2) New litecoins are paid out as a reward to miners. The Litecoin mining industry is less developed than Bitcoins. ASICspowerful computers designed to solve Bitcoins proof of work functionare available for litecoin but difficult to purchase. Because Litecoin uses a different proof of work function Bitcoin miners cannot mine litecoins. Its possible, for example, to buy a Bitcoin Antminer S7 ASIC on Amazon for $714. No such miners are available for Litecoin. The best Litecoin mining hardware available for purchase are graphic cards , but they are not profitable. If you are serious about mining litecoins, one option is to simply mine bitcoins with hardware like the Antminer S7 and convert the earned bitcoins to litecoin. So, how does Litecoin mining secure the network? Like Bitcoin mining, Litecoin uses proof-of-work which makes mining a costly process in terms of both time and energy. In order to send litecoins, transactions must be included in a block. Litecoin miners then verify these transactions through proof-of-work. The miners check incoming transactions against previous transactions on the blockchain. If no double-spends are detected, the miners create a block with new transactions and add it to Litecoins existing blockchain. Each new block is then sent to nodes on the network. The nodes use the miners work to continue to verify and transmit transactions across the network. As mentioned earlier, Litecoin mining requires vast amounts of time and electricity, which isnt cheap. The block reward is paid to miners for each block mined, which provides an incentive for Continue reading >>
Is Anyone Litecoin Mining On A Mac?
So I'm developing MacMiner with the intention of supporting all there is to be supported. But I've hit a few hitches with scrypt/litecoin. It's a 2012 Mac Pro with a 5770 which gets 150-170Mh/s BTC mining, yet with bfgminer using scrypt I get ~5Kh/s from the GPU and 30+Kh/s from the CPU. So I want to know, are any mac users getting better out of their GPU and if so what's your setup? Should I bother to support scrypt right now? MacMiner - The first, best and easiest to use native Mac coin mining app: BTC: 12vZf8mjaXvHorXWVWfv7nZspHa8L8kfoG LTC: LLRqwo3YcLqoRyfZRVmUevtd2Y35Vvnt4w Goat says: "Bitcoin is NOT Illegal in Thailand. There is no law against Bitcoin in Thailand!" Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. I'm using a Macbook Pro Core 15" with core i7 and 6 GB RAM. I'm using Pooler's Mac binaries, and getting 5.1khash per thread, hyperthreading with 8 threads, for about 40k/Hash. I'd be interested in trying out a miner that could also utilize the GPU for hashing, but not unless it's going to get me more hashing power than I'm currently getting doing CPU-mining only. If I lose 5khash from the CPU side, in order to pick up 5khash on the GPU, I'd just as soon not bother. Block Erupter Overclocking 447 M/Hash, .006 (discounts if done in quantity) Buy and sell mining shares (Bitfury). Thanks for the info, i figured it was worth testing and it bumps the CPU up 3 times to 85Kh/s using that binary, and I suppose it could be worthwhile if you mine BTC on the GPU and LTC on the CPU - I was expecting much higher memory use from the little I've heard but the process only uses about 12MB shame I can't get anything nearly useful out of the 5770 though. Might give it a shot on a 78 Continue reading >>
11 Best Bitcoin Mining Software For Mac, Windows, Linux
The main job of the software is to deliver the mining hardwares work to the rest of the Bitcoin network and to receive the completed work from other miners on the network. Bitcoin mining software monitors this input and output of your miner while also displaying statistics such as the speed of your miner, hashrate, fan speed and the temperature. One of the most important things you will need before using any kind of Bitcoin mining software is a wallet. This is because all Bitcoin mining software will ask you for a Bitcoin address that will be used to send your mining rewards and payouts. Once you create or download a wallet you will be able to get a Bitcoin address from your wallet. There are many Bitcoin wallets , but these are the ones we recommend if you are just starting out: Ledger Nano S Secure Bitcoin hardware wallet for all platforms. Electrum Simple Bitcoin wallet that works on Mac, Windows, and Linux. Mycelium The most popular Bitcoin wallet on Android. breadwallet The most popular Bitcoin wallet for iOS. If you expect to earn a lot of money through mining then it would be smart to purchase a more secure wallet: a hardware wallet.Now that we understand mining software and how it helps in the mining process, and you got your Bitcoin wallet and address, lets look at different software on different operating systems. You can use Bitcoin Miner on Windows 10 and Windows 8.1. It has an easy to use interface, power saving mode, mining pool support and fast share submission. One useful feature is the profit reports feature because this feature will help you know if your mining is profitable or not. The latest version of this software is Bitcoin Miner 1.27.0. BTCMiner is an Open Source Bitcoin Miner for ZTEX USB-FPGA modules 1.5. BTCMiner comes with the following feat Continue reading >>
How To Mine Litecoin: A Guide To Litecoin Mining At Home Can You Become An Ltc Miner?
High power consumption, maintenance costs and the exorbitant prices of mining rigs have driven a wedge wedge between first time bitcoin miners and the crypto markets. Similarly the high entry point of bitcoin makes it difficult for many to buy their way into the tokens, unless they have $8,000 (5,707.52) to spend per token. Luckily a whole plethora of virtual currencies, known as alt-coins, are at hand to give newcomers a helping hand with their first steps into the crypto-community. One of the more popular choices is litecoin LTC, a peer-to-peer crypto token often referred to as bitcoins little brother. Announced in 2011 as the silver to bitcoins gold, today litecoin is among the top most valuable digital currencies with a market capitalisation of over $7billion (4.9billion). If you are interested in mining your very own litecoin tokens, here are the steps you will have to take. Litecoin news: When does LitePay launch? Where will LitePay be... 1. Get a crypto wallet that supports litecoin Securing a safe wallet for you virtual currencies is the most crucial step in any mini guide, for any cryptocurrency. Crypto wallets come in various shapes and sizes, but they alls serve the same basic function. They store your hard-earned tokens safe from theft. In the case of litecoin, the recommend choices range form desktop wallets to mobile ones on Android and iOS. Find the full list of compatible wallets here . Litecoin says: Litecoin is securely stored in a wallet on your computer, tablet, phone or laptop. Download yours and start sending and receiving payments with an address and a click. Continue reading >>
My Experience With Cryptomining On Macos With Nicehash And Macminer [mantiz - Rx 580 4gb - Tbmbp 13" 2016]
We all know and love (i.e. hate) miners. Getting a RX 580 was a pain and when I finally got one coupled with a Mantiz I wanted to know whether I could get some of the money back I payed for this setup. This is macOS only (in my case High Sierra 10.13 Beta 17A330h) The software Im using is MacMiner (1.5.57) which is a GUI miner that is based on other popular mining software which is terminal only. Nicehash is a service that offers you the possibility of renting out your GPUs compute power. Instead of mining a profitable coin you sell your hashing power (A rate at which you find coins) and get paid out in bitcoin. Next up you choose the statrum server from this list . For the username you just enter the bitcoin adress that you get from nicehash. I have had medium success with getting most of the algorithm to work. The one Im most successful with right now is Keccak. If you have success with other algorithm pls share them in this thread. eGPU detection works just fine. By default the internal GPU gets used too but you can choose to use the eGPU only by typing device 1 in the manual flags like so: If you arent sure wether the correct GPU is used you can read the answer here to find out ways to make sure the correct GPU is used: Other than that Im using the recommended settings. You can increase things like Intensity on your own risk since the system will be put under more stress. If you are interested and/or made any experiences with mining cryptocurrency on mac you are welcome to share it here. I will add future results and share my experiences in this thread. If you are interested in my worker stats you can check them out here: Due to me not wanting to risk anything going wrong I will be mostly mining in evenings and probably on the weekend. But I can imagine having this Continue reading >>
Litecoin Mining On A Mac
A smartphone with Google Authenticator installed To mine Litecoins, which are a lot easier to minethan Bitcoins. Launch the app. At the lower left, it saysit's Synchronizing. This will take a reallylong time. To avoid that, close the appfor now. Download and install "The Unarchiver". We need itto unzip the blockchain file in the next step. 3. Downloading the Blockchain from Cryptochainer Scroll down to "LiteCoin" and click the"LiteCoin BVlockchain button,as shown below. Download Litecoin_blockchain.zip. It's a3.4 GB file. When the download is complete,in Finder, go to Downloads. Right-clickLitecoin_blockchain.zip and open itwith "The Unarchiver". Unzip itinto the Downloads folder,as shown below. When the unzipping is complete, openthe folder to seethe three objects shown below. 4. Moving the Blockchain Files to the Litecoin Directory From the menu bar, at the top of the desktop,click Go, "Go to Folder...". Navigate to the~/Library/Application Support/Litecoindirectory.Move everything in this folder to the Trash. Drag the three objects you extractedin the previous step from the other Finderwindow and drop them into the~/Library/Application Support/Litecoindirectory. Launch Litecoin-QT.After a minute or so, the messageat the bottom says"Synchronizing with network". Within a minute or two, it should complete,showing a green check mark in the lowerright corner,as shown below. In the top left corner, clickRegister. Once you fill in the information needed to create your account and get a onscreen confirmation, log-in to WeMineLTC.com by entering your username and password at the top lefthand side. On the "ACCOUNT DETAILS" page,in the "CHANGE PAYMENT ADDRESS" section, click the"Protect With Google Authenticator" link. On the nxt page, click the "EMAIL CODE"button. Check your Continue reading >>
Can I Mine Cryptocurrency On Imac?
Yes, you can mine cryptocurrency on iMac. If youre interested in earning extra cryptocurrency, then you may find that mining with your Mackintosh desktop computer is a great way to get paid for work that you do from home. So, what is cryptocurrency mining, anyway? Well, its the process of running the cryptocurrency blockchain. When you mine, youll be using your iMac to tally up transactions and to make certain that information about transactions is authentic, secure and processed just as it should be. Miners work together to maintain the integrity of blockchains. They get paid for their efforts with virtual currency. Which Cryptocurrencies Can I Mine on Apple iMac? Youll be able to mine Bitcoin and Litecoin on your iMac. Youll also be able to mine Zcash. Ethereum is another popular form of virtual currency which may be mined on iMac. The truth is that its possible to mine almost any form of cryptocurrency on an iMac, as long as your computer has sufficient power and you have the right mining software up and running. A lot of iMac owners use special programs which make mining easier. There are a range of programs and apps out there which are designed to make life easier for newbie or experienced cryptocurrency miners. Since Bitcoin is by far the most popular and valuable form of cryptocurrency (on December 7, 2017, the value of just one Bitcoin was 15917.49 US dollars!), lets talk about how most people mine Bitcoins on their iMacs. First, you will need to create a cryptocurrency wallet . This is a mandatory first step. You wallet is the place where youll store any Bitcoins that you mine, purchase or get. There are tons of wallet providers out there and you can find a list of good ones at the official Bitcoin website . As well, this online resource will provide you with Continue reading >>
Is It Worth To Mine Litecoin With A 2017 Macbook Pro 15" And Radeon 560? : Litecoinmining
All posts must be related to Litecoin or Litecoin mining. Discussion of other currencies should go in their relevant subs. Coin switching/multicoin pool posts and advertising are not allowed as they do support the Litecoin network. Pool advertising is allowed but should be kept to a minimum. Excessive updates and/or posts will be removed. No advertising for products. Discussion is allowed, but it must be done via self post and not contain a link to the buy page of the product in question. No crossposts to other crypto subs unless the information is also relevant to Litecoin. In general make sure your posts and comments are good natured and courteous. No Buy/Sell posts. Please keep these to /r/ltcmarket , /r/CryptoHardware , or /r/hardwareswap . Please do some research before asking for help. You can find great resources via our sidebar, our wiki, and the reddit search function. For more information on this rule, click here . Please post your configs if you are asking for help, or if you are submitting pictures of your mining rig. For more information on this rule, click here and here . Continue reading >>
Macminer, Bitcoin & Litecoin Mining On Mac Os X
Mine Bitcoin and Litecoin on Mac OS X - for free and DogeCoin, VertCoin, QuarkCoin, MaxCoin, more Simple like iOS, yet powerful like a Mac, this app gives you all the options. With the most powerful bitcoin and litecoin mining backends available on the Mac, Mac miners now have a user friendly application which even allows you to run the backends in the Terminal if you just want an easy installation of bfgminer, cgminer or cpuminer (minerd). Click & mine in moments. Built as a friendly GUI for the relatively complex array of command line Bitcoin mining software for Mac, MacMiner is the first 100% native Bitcoin miner for Mac. This means you can set up and start mining in seconds, without worrying about complex install processes traditionally associated with mac miners. Dont know how to mine Bitcoins on Mac OS X? Don't worry! You'll be up and running in no time. All three of the most relevant mining backends are included in this mining software, bfgminer, cgminer and cpuminer. This gives you the flexibility to choose whichever runs faster for your setup, whether you're CPU, GPU, FPGA or ASIC mining Bitcoin, Litecoin or any compatible Alt Coin - including DogeCoin, VertCoin, QuarkCoin and MaxCoin - faster than an asteroid. Each miner window has a full set of tailored options for ease of use and there is a detailed API Output window which even allows you to monitor other miners on the network that are using cgminer or bfgminer. The Cryptocoin community holds ethics and public source software in the highest esteem, and MacMiner aims to contribute to the pool by releasing our full app on Github, so users can compile it for themselves from scratch and make sure all the code is up to standard. MacMiner is written in Objective-C and the backends are coded in C/C++. Continue reading >>
Hands-on: Mobileminer How To Mine Cryptocurrency On An Iphone[video]
Hands-on: MobileMiner how to mine cryptocurrency on an iPhone[Video] When you think of a cryptocurrency mining rig, its easy to associate it with large rigs featuring multiple GPUs in some type of air-cooled room. While that may be true, not every cryptocurrency needs hulking GPUs and rigs designed specifically with mining in mind.In fact, thanks to a handy app called MobileMiner, its even possible to mine certain cryptocurrency from a device as diminutive as the iPhone in your pocket. MobileMiner is aCPU miner for ARM64 iOS devices created by Elias Limneos , a jailbreak developer known for popular jailbreak tweaks like CallBar . Ive been testing MobileMiner for the last few hours, and wanted to show you how it works. What makes MobileMiner so interesting is that its extremely easy to configure and start mining directly from your iPhone, no jailbreak needed. All you need to do is build and deploy the project using Xcode (or download and install a precompiled build), obtain a wallet address, and start mining. MobileMiner is a fork of LucasJonescpuminer-multi , which has been compiled with ARM64 iOS devices in mind. You can obtain MobileMiner directly from GitHub , and use it to build a project within Xcode for deploying to an iOS device of your choice. Limneos recommends using more recent iOS devices iPhone 7, iPhone 8, and iPhone X because their powerful CPUs produce the best hash rates. Subscribe to 9to5Mac on YouTube for more videos Disclaimer: If youre a developer, feel free to head over to MobileMiners GitHub page for the open source code that can be inspected, and compiled to run on your iOS device. If youre not a developer, and simply want a prepackaged IPA that can be easily installed via Xcode and iOS App Signer, then there is a precompiled IPA available on Mob Continue reading >>
Value Litecoin Mining Pcs
Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt -based mining proof-of-work algorithm to target the regular computers with GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units. One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used. For more information, visit the Litecoin webpage. What does that mean for you? Well, Bitcoins are the internet currency that are making all the news, but unless you got in early, you cant mine them on a home PC any more. So you can either invest a lot of money on dedicated mining rigs or you can look at the number 2 internet currency, Litecoins. Litecoins can be mined using a home PC. But where most people think that the processor or CPU is the most important, its actually better to use the processing power of graphics cards. We have designed some systems which can mine Litecoins and are affordable. Click to see the full range of Litecoin mining PCs . Here is one that offers up to 1,440 KHash(Litecoin). The all important graphics cards are powered by a gold rated Corsair power supply (750w) and kept cool inside a Corsair Graphite 230T case. To keep costs low we have included an AMD A4 4000 CPU, 4GB of RAM and a 60GB SSD . Continue reading >>