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Litecoin Mining Pool Tutorial

Home - Litecoin Mining

Home - Litecoin Mining

You have heard of the extraction of Litecoin and you want to know more.This page is for you. Just like his older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another.Litecoin is peer-to-peer and decentralized, which means it is not controlled by a single entity or government.The payment system does not manage physical currencies, such as the dollar or the euro;Instead, it uses its own unit of account, which is also calledlitecoin(symbol: or ).This is why you will often see that Litecoin is classified asvirtualordigitalcurrency.Litecoins can be bought and sold for traditional money to a variety of exchanges available online. If you already know Bitcoin, Litecoin is very similar, the two main differences being that it has faster confirmation times and it uses a different hash algorithm. Instead of having a central authority that ensures and controls the money supply (as most governments do for their national currencies), Litecoin disseminates this work through a network of miners.Miners assemble all new transactions appearing on the Litecoin network in large sets calledblocks, which collectively constitute an authorized record of all transactions already carried out, thechain of blocks. The way Litecoin makes sure that there is only one block string is to create blocks that are really difficult to produce.So, instead of just being able to create blocks at will, miners must produce a cryptographic hash of the block that meets certain criteria, and the only way to find it is to try to compute several of them until that you are lucky and that you find the one that works.This process is calledhash.The miner who successfully creates a block is rewarded with 25 freshly cooked litecoins. Every few days, the difficulty of Continue reading >>

Tutorial - Litecoin Mining Pool

Tutorial - Litecoin Mining Pool

It is highly recommended that you study this configuration file to improve your configuration. Use the following command to start the Litecoin mining pool. Keep in mind that the pool service will work only if the Litecoin node service is running andthe blockchain is synchronized. If everything worked correctly, you should see the following messages on the screen: POSIX Connection Limit (Safe to ignore) POSIX module not installed and resource (connection) limit was not raised Switching Setup Thread 1 Loading last proxy state from redis Pool litecoin Thread 1 Share processing setup with redis (127.0.0.1:6379) Pool litecoin Thread 1 started for litecoin [LTC] {scrypt} The system should now open TCP ports3008, 3032 and 3256 to Litecoin miners. Use the following command to check if the TCP ports are open. The system will also start a web server on TCP port 80. Use the following command to check if the TCP port 80 is open. Go to another Ubuntu Linux and install the CPUMiner software. If you dontknow how to install the Litecoin CPU miner, follow this link. Use the following command to start mining Litecoin on the miner computer. # minerd -o stratum+tcp://34.210.39.145:3008 -u Ldgz57AmvyDd12F1J1Fx6sAzsY2SL5cAwm -p x If everything worked correctly, you should see confirmation messages on the screen. Starting Stratum on stratum+tcp://34.210.39.145:3008 2 miner threads started, using scrypt algorithm. Open a browser application and enter the IP address of you Litecoin mining pool to access the web interface. In our example, we did access thewebsite. You are now the proud owner of a Litecoin mining pool. If you are having problems to install a Litecoin node, you should take a look at our frequently asked questions page. Continue reading >>

How To Mine Litecoins: 13 Steps (with Pictures) - Wikihow

How To Mine Litecoins: 13 Steps (with Pictures) - Wikihow

Understand the basics of cryptocurrency mining. Traditional currencies are printed to increase the amount of cash in circulation. Cryptocurrency such as Litecoin is generated by machines that solve complex algorithms. Whenever a "block" of algorithms is finished being processed, more currency is released into the market, usually as a reward to the miner that finished the block. [1] Mining algorithms become more difficult as more currency is mined. This is intentional as it helps prevent all of the possible currency from being mined immediately. The practical side effect is that the longer you wait to start mining, the less likely you are to solve blocks on your own. Mining pools were created to help individuals have a better chance at making money from mining. The mining pool applies all of its members' processing power to solving a block, and if the block is finished by any member, all members get a share of the reward. You'll get far less reward than if you finished the block on your own, but have much higher chances of actually seeing results. Consider alternatives to mining. Unless you're willing to drop thousands of dollars on a dedicated mining machine, or you don't pay for electricity and don't care about the lifespan of your home computer, there's very little reason to mine Litecoins instead of just purchasing them. The electricity costs of mining 24/7 often outweigh the value of anything you mine, especially if you're using a home computer, and running constantly puts a serious strain on your hardware components. [2] Litecoin mining is only going to increase in difficulty, as this one of the fundamental principles of cryptocurrency mining. This means that it will get more difficult to mine at a profit unless the value of the Litecoin sees a significant boost. Continue reading >>

How To Mine Ethereum With Minergate Gui!

How To Mine Ethereum With Minergate Gui!

MinerGate is your gateway to mining CryptoCurrencies easily, quickly and with no hassle - you don't need to be an expert programmer - MinerGate will guide you through the process. Mining is an important part of any cryptocurrencys ecosystem, it allows the maintenance of the network and its also a good way to use your computer to make money, but not everyone gets along with a command line terminal and not everyone can afford a powerful graphics card, so today were going to show you how to mine Ethereum and other Cryptocurrencies the easy way! No Matrix terminals, no complicated commands and parameters to set! All you need is a computer and an internet connection, MinerGate will do the rest for you, even if you dont have a GPU! MinerGate is a GUI miner (GUI just means it looks pretty) with its own incorporated multipool, and even though its an extremely intuitive tool, MinerGates cutting edge smart algorithm is always working in the background to make sure youre getting the most out of your hardware. MinerGates Variable Difficulty algorithm, allows small portions of the Ethereum Blocks to be sent to miners according to their equipment and effective hashrate, making Ethereum mining possible in any computer with a simple click of a mouse! Part 1 - How to mine Ethereum with the MinerGate Software Step 1:The first thing youll need is an account on www.minergate.com . MinerGate has its own built-in wallet in order to allow users to start mining even if they dont have a wallet address set up, so in order to protect your funds, we advise using a strong password and activating 2FA (2 factor authentication), 2FA will make sure no one can acess your funds even if they know your password. Remember, the safest place to store your funds is in your own wallet. Step 2: Next you need to Continue reading >>

Solo Mining Vs Pool Mining

Solo Mining Vs Pool Mining

Ive been mining at litecoinpool.org and my stats show Ive found 2 blocks. The payout Ive gotten from the pool is lower than the 50 LTC reward I would have gotten had I found those 2 block solo moning. My question is, should I be mining solo? Also, is UNOMP what I need to look into to mine solo? Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the other way around I think you need a full node to solo mine. (sry, I have been out of the mining scene for too long) Thanks @pguerrerox , figure its just luck. Guess I could go solo and keep by fingers crossed Ill find another two blocks so quickly. As far as the full node, it looks like thats what I need to do, I have A4s from Innosilicon so Im not sure if I can just SSH into them and configure something to mine solo. I suspect I need to set up a server, run litecoind, and do some other things then configure the A4s to connect to that server? Im going to try UNOMP since thats really all I can find. The README says its deprecated which is a little concerning to me, but if it works, it works I guess. I ended up working on this today, after thinking more about how I want to participate in Litecoin, I realized beyond wanting the full reward, I just want contribute by maintaining my own node. I put together a tutorial on how I setup my own node and mining pool for my machines here: Solo Mining Litecoin I hope some people find this useful. Let me know what you think about the tutorial. Ill keep you in the loop @PissMeOff . Definitely going to post here when I find my first block. Hopefully, that happens in the next 30 days So far things seem to be working out. The risk/reward is interesting to think about, expected value and what not. Looks like at my hashrate I have a 20% probability of find Continue reading >>

[how To] Setup A Server For Mining Monero, Litecoin, Ether, And Other Cryptocurrencies In 10minutes

[how To] Setup A Server For Mining Monero, Litecoin, Ether, And Other Cryptocurrencies In 10minutes

Want to know more about me? [HOW TO] Setup a server for Mining MONERO, LITECOIN, ETHER, and other cryptocurrencies in 10minutes Cryptocurrency? Blockchain? Bitcoin? You may not know about them but surely you may have heard about them once. And in fact you dont need to know about them even when you want to get them (mine / earn them). Nowadays there are many type of cryptocurrencies and a lot of mining pool that help you easily join and take part inthe game. In this post, I will show you a quick tutorial to setup a server for mining them. Via a big mining pool MinerGate If you want to know exactly what are bitcoin, blockchain, mining pool, take a look at this 20 min video: If you still cant understand anything after watching the video, watch again, again, and again, until you understand or you give up:). Belive me, but I need to watch that video about 5 times until I can fully understand the blockchain stuffs. So if you cant understand about this tech, just skip it as we dont need to know deeply about it. You just need how to earn and spend them (yup, thats right) Start mining some cryptocurrencies forus First you need to know that there are many type of cryptocurrencies nowadays. And at the time I write this post (October 28th, 2017) the most profitable cryptocurrency for mining now on MinerGate is Monero (XMR) So I will introduce you how to mine Monero, of course after this tutorial you can setup a server to mine any type of cryptocurrency you like as Bitcoin, Ether, Go to MinerGate website ( click here ) and Signup a new account with your email, the email will be your account ID and used when you start mining. Prepare your server, you can use a VPS (we can also mine using CPU on VPS, but this will not profitable) or a dedicated server with a strong GPU for better min Continue reading >>

Beginner's Guide | Litecoinpool.org

Beginner's Guide | Litecoinpool.org

So you've heard about Litecoin mining and you want to find out more. This page is for you. See the Litecoin Association's introductory video to Litecoin . Just like its older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another.Litecoin is peer-to-peer and decentralized, meaning that it is not controlled by any single entity or government.The payment system does not handle physical currencies, like the dollar or the euro;instead, it uses its own unit of account, which is also called litecoin (symbol: or ).This is why you will often see Litecoin categorized as a virtual or digital currency.Litecoins can be bought and sold for traditional money at a variety of exchanges available online. If you already know Bitcoin, Litecoin is very similar,the two main differences being that it has faster confirmation times and it uses a different hashing algorithm. Instead of having one central authority that secures and controls the money supply (like most governments do for their national currencies),Litecoin spreads this work across a network of miners.Miners assemble all new transactions appearing on the Litecoin network into large bundles called blocks,which collectively constitute an authoritative record of all transactions ever made, the blockchain. The way Litecoin makes sure there is only one blockchain is by making blocks really hard to produce.So instead of just being able to make blocks at will, miners have to producea cryptographic hash of the block that meets certain criteria,and the only way to find one is to try computing many of them until you get lucky and find one that works. This process is referred to as hashing.The miner that successfully creates a block is rewarded with 25 freshly minted litecoins. Every f Continue reading >>

Bitcoin Mining Pool Tutorial

Bitcoin Mining Pool Tutorial

bitcoin order book history of coshocton How to setup a basic Bitcoin Miner (GPU or CPU) | Stereo Chromatic LLC Can I install the pool without this step? When installing the litecoin client I get this error after issuing the command: Qt dependencies not found. Hello Zach, we are looking for someone who is capable of creating new mining pool for our project. Any chance to get a help from you? I set up 2 pools using this guide, litecoin and digibyte. What is going on with this guide? Seems like there should be some payouts after several days, even for just partial shares, but nothing. There is nothing to payout if you have not found a block. Shares are not worth anything until the round is over block is found. You are then paid out in a proportional manner. I am getting valid shares but nothing gets confirmed, and no payouts at the end of any round. You only get rewards if you find a block. In that case, if you are the only one mining on the pool, at the moment, you get 25 LTC. It looks like you are talking about a PPS pool https: This is not the case. Zach, I work with a US based cryptomining startup company. We are set up a commercial mining pool and want to cover all our bases as far as software and security. Please reach out to me at bitcoincryptocurrencyblog at gmail. We are in need of consulting related services or a referral. Joseph you may want to consider just having someone do some penetration testing. A solid Linux Systems administrator should be able to secure quite a bit of your operation. Exit status 1 npm ERR! Make sure you have the latest version of node. If you do, this is most likely a problem with the unomp-multi-hashing package, npm ERR! Tell the author that this fails on your system: You can get information on how to open an issue for this project wit Continue reading >>

Setup Your Own Mining Pool

Setup Your Own Mining Pool

This guide is meant to replace Novices Guide to Setting up a Crypto-Currency Mining Pool Why the update? MPOS (Mining Portal Open Source) is very old now and NOMP (Node Open Mining Portal) has branched off into another project called uNOMP (Unified, Node Open Mining Portal). uNOMP has a very active development team and is updated on a regular basis. This not only ensures adequate support of new currencies, but also better security. uNOMP also has many things in one, and is easier to setup then the old MPOS/NOMP hybrid as described in the legacy guide. I have ran several large mining pool operations, and helped out at several more. The purpose of this guide is to enable more people the opportunity to run their own pool, whether it be for their own miners or just out of curiosity to understand how it all works. This is by no means meant to be a guide so you can setup your own professional mining pool operation. Running your own mining pool that other miners other then yourself will use is not an easy undertaking, and requires extensive systems administration experience as well as a large budget, patience, troubleshooting skills, and a solid knowledge of how crypto-currencies work. This guide will not be going over any security features. This guide is going over how to setup a uNOMP (Unified, Node Open Mining Portal) pool. This is meant to setup a mining pool for a single crypto-currency. This is not a guide for a multipool. If you want to see what it looks like before you set it all up, head to the Example Pool that was built completely off of this guide. If you are setting up a bitcoin pool, you will need more then 20GB of disk space because the blockchain is very large. I am using a Windows 10 based PC, and communicate with the VPS using Putty and WinSCP. This guide wi Continue reading >>

Choose A Bitcoin Mining Pool And How To Connect | Cryptocompare.com

Choose A Bitcoin Mining Pool And How To Connect | Cryptocompare.com

How to choose and connect to a Bitcoin mining pool Mining solo, while sometimes more profitable, it's usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that you'll receive the entire block reward, the problem is that mining is also based on a luck factor, which means that if your hashpower isn't high enough, you may never see a reward come your way. With pool mining, however, this variance is eliminated and you recieve payments that correspond to the portion of the work that you have done. If you are deciding to join a Bitcoin or altcoin mining pool there are quite a few considerations to take into account mainly their method of distributing the block reward and the fees they charge for managing the pool. Pools also try to stop cheating by miners i.e. for them to swap between pools.l. Today we want to teach you some aspects of pool mining in the hope that they will help you choose a mining pool that best fits your needs. You can check out our mining pool list here . Make sure to read the reviews and to check the features carefuly. You will also find a list of servers by locaiton and coin in the pool description. The main consideration is the fees, which vary according to which model of payment distribution the mining pool is operating and determines which party is assuming the risk the miners or the mining pool operator. If the mining pool operator is assuming the risk, then the fees are higher, and if the miners assume the risk then fees are lower. The fees usually range from 0% to 4%. The standard fee for mining pools is usually 1%, so if you spot a pool with a higher fee check its payment method and other features. If there is a pool with similar features and payment method but smaller fee, you'll want to ch Continue reading >>

Litecoin Ltc Mining Guide, Cpu

Litecoin Ltc Mining Guide, Cpu

This guide will show you how to get started withLitecoinCPU mining. If anything is unclear in this guide please leave a comment about it. Youll want to start with pooled mining as solo mining is not very viable anymore. The difficulty of the network is too high to effectively solo mine with a single computer. Itll take a very long time to get a single block of 50 LTC. I suggest you skip to step 2 for pooled mining.However, for people withaccessto many computers Ill leave the basics of solo mining in this guide and you can continue reading. If you want to dosolo-miningyoull need to have theLitecoinclient installed and configured. You can download theLitecoinclient here , if you are running windows look for the latest litecoin-x.x.xx-win32-setup.exe as this is the easiest way to install the client. After you installed theLitecoinclient it will have to catch up with the network first before you can start mining as you can see in the image below. Once the client is done synchronizing with the network(this can take some time)youll have to get a cpu miner. In order for theLitecoinclient to support mining youll have to create an ini file in the %appdata%\litecoin folder. To get to this folder click your start button (start->run for Windows XP)and type in %appdata%\litecoin Now right click in the folder (not on a file or directory) and goto New->Text Document Now you should get this pop-up as youre trying to change theextensionof a .txt file to .conf. Click Yes. If you dont get the above pop-up youll have to switch off Hideextensionsfor known file types. In Vista/Windows7 you can find this by pressing ALT once and then going to the Tools->Folder options menu. In Windows XP this menu should be visible without pressing ALT. After this, remove the .txt from the filename so the fu Continue reading >>

How To Mine Litecoin And Other Altcoins

How To Mine Litecoin And Other Altcoins

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins , many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, well take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment. For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt. Row of Gridseed litecoin miners set up. Copyright: Arina P Habich Scrypt tends to be the more memory intensive of the two however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with yet. Perhaps surprisingly, its still possible to use just your computers CPU to mine some of the digital currencies. This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend. Before you start mining, you will need a wallet to keep your hard-earned coins in (see our guide to storing bitcoin ). A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit . The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while t Continue reading >>

Getting Started With Litecoin Mining

Getting Started With Litecoin Mining

Introduction: Getting Started With Litecoin Mining Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Inspired by and technically nearly identical to Bitcoin, Litecoin creation and transfer is based on an open source protocol and is not managed by any central authority. Litecoin is intended by its developers to improve upon Bitcoin, offering several key differences. As of November 2013, Litecoin had received extended coverage by mainstream media with agencies such as the Wall Street Journal, CNBC and The New York Times citing it as an alternative (or possibly even successor) to Bitcoin. Litecoin is the second largest cryptocurrency by market capitalization. Crypto-currency can be obtained by a number of different ways. One method is to simply exchange hard cash online for litecoin, bitcoin, or a currency of your choice. Another method is to contribute to the crypto-currency network and receive rewards in the form of Litecoin. This way you contribute to the transactional process of Litecoin and make money doing it. to learn more about Crypto-currency read the url marked "understanding crypto-currency". Step 1: Setting Up Your Very Own Litecoin Wallet Visit and download the latest version of the LiteCoin wallet. Once the download is complete double click on the downloaded file (litecoin-0.8.7.1-win32-setup.exe) and follow the onscreen setup. Upon running the wallet for the first time, the wallet will need to sync with the LiteCoin network to ensure that it has the latest version of the block-chain (ledger of transactions). Ensure that the install location of the wallet has plenty of storage space (5-10 gb) set aside. The wallet can take up a relatively large amount of storage space when it syncs up to the LiteCo Continue reading >>

Litecoin - Cpu Mining On Windows

Litecoin - Cpu Mining On Windows

This video will demonstrate how to create an account at minergate and how to mine litecoinusing the command-line software minerdand the CPU of a computer running Windows. In our channel you can view the video of this tutorial. The link below shows the list of equipmentthat I used to create this tutorial and my mining Rig. Here is a list of Litecoin mining related tutorials offered by our website. First, you need to access the MINERGATE WEBSITE and create an account. Next, you need to download the last version of the CPUMINER on GITHUB Create a folder named MINER on the root of the Cdrive of your computer and extract all the files from the CPUMINER package inside the C:\MINER folder. Open the notepad application, create a batch file named START.BATinside the C:\MINER folder. Here is the content of the START.BAT file: C:\miner\minerd.exe -o stratum+tcp://ltc.pool.minergate.com:3336 -u This email address is being protected from spambots. You need JavaScript enabled to view it. Important:You need to change the usernameThis email address is being protected from spambots. You need JavaScript enabled to view it. from the START.BAT file to the account that you created onthe MINERGATE WEBSITE . To start mininglitecoin, double-click on theSTART.BAT file If you liked this tutorial, subscribe to my youtube channel VIRTUALCOIN This tutorial presented a step by step procedure teaching you how to start mining litecoinon a computer running windows using the CPU of a computer. Continue reading >>

How To Mine Monero On Windows Or Linux (fedora Or Ubuntu)

How To Mine Monero On Windows Or Linux (fedora Or Ubuntu)

How to mine Monero on Windows or Linux (Fedora or Ubuntu) xmr-stak-cpu Best for newer Intel processors monerospelunker Easiest way to start mining with Windows cpuminer-multi Linux CPU mining, alternative to xmr-stak-cpu How much can you earn by mining? Use the Monero mining calculator. Before you begin, follow our tutorial for creating a Monero wallet .Then choose a mining pool from the list above. For the resilience of the Monero mining network, it is advisable that we all choose different mining pools so that an unhealthy concentration does not appear at any one mining pool. The examples below use the "stratum+tcp://pool.minexmr.com:4444" address for the mineXMR.com pool. Swap that address for the address of the pool you wish to use. Mining Monero on Windows using MoneroSpelunker MoneroSpelunker ( announced here ) is a Windows GUI for the popular Wolf CPU miner. Download the zip file here , and unzip it. Then run the monerospelunker.exe file and enter your Monero wallet address were you would like to be paid for your mining. Enter the mining address of the pool you have chosen, then click 'start mining'. Remember to replace WALLET_ADDRESS_HERE with your own Monero wallet's public address. The "-t 3" option determines how many of your CPU threads will be used for mining. yum -y install git curl-devel libcurl glib-devel libtoolgit clone cpuminer-multi./autogen.shCFLAGS="-march=native" ./configuremakesudo ./minerd -a cryptonight -o stratum+tcp://pool.minexmr.com:4444 -u WALLET_ADDRESS_HERE -p x -t 3 Remember to replace WALLET_ADDRESS_HERE with your own Monero wallet's public address. The "-t 3" option determines how many of your CPU threads will be used for mining. sudo apt-get install git libcurl4-openssl-dev build-essential libjansson-dev autotools-dev automakegit cl Continue reading >>

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