How would you move from BTC to LTC? | Bitcointalksearch.org

huuline

newbie

Activity: 43

Merit: 0

Quote from: martynw2000 on April 29, 2013, 10:58:12 AM

1. Get yourself a LTC wallet
2. Sign up with a LTC pool such as https://hynodeva.com/
3. Point your miners to the new pool. (I've found that cgminer works well for scrypt coins such as LTC, but everyone has their own preferences).

EXcatly what he said. lol

WebMaka

newbie

Activity: 16

Merit: 0

Quote from: Dpx008 on April 29, 2013, 06:06:21 PM

Is LTC actually any different from BTC?

Considerably. LTC uses a different algorithm that's very memory-heavy, so it's not well-suited toward purpose-specific hardware like FPGAs and ASICs. As such, it should be mineable with repurposed GPU-based BTC gear for at least the near term, while BTC's difficulty is already prohibitive for GPUs unless you have a lot of machines. That having been said, the increased global interest in Bitcoin is driving interest in Litecoin upward, so the gear requirement for entry into LTC mining is growing noticeably with each passing difficulty retarget.

shadypepe

sr. member

Activity: 266

Merit: 250

not really^^ that's my point

Dpx008

newbie

Activity: 9

Merit: 0

Is LTC actually any different from BTC?

shadypepe

sr. member

Activity: 266

Merit: 250

where is the actual advantage over btc again? it's not the cpu mining only thing, that's for sure

adpinbr

sr. member

Activity: 1078

Merit: 254

i think litecoin price may surpass bit coin

nickha0

newbie

Activity: 28

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Personally I'm using burnside's litecoin mining pool

http://ltc.kattare.com/

Pretty good instructions on how to set it up and everything, and with my GPU's hashrate I'm making more bitcoins... by mining litecoins. Counter-intuitive but the exchange rate is pretty good right now. Of course you're taking a gamble, you never know if litecoins will crash or dramatically decrease in value, but you take the same risk with BTC.

BitshireHashaway

full member

Activity: 182

Merit: 100

Ok, I'm starting with coinotron, what do you guys think. The command line isn't working for me right now, so when I get home, I'm going to set it up and test it out, and hopefully it'll work better in the future than btc because these won't get Asics. Thanks for the help guys!

martynw2000

member

Activity: 117

Merit: 10

1. Get yourself a LTC wallet
2. Sign up with a LTC pool such as https://hynodeva.com/
3. Point your miners to the new pool. (I've found that cgminer works well for scrypt coins such as LTC, but everyone has their own preferences).

BitshireHashaway

full member

Activity: 182

Merit: 100

I'm not interested in doing any coding or stuff like that, so for someone not interested in doing that, mainly because I don't have the ability to do so, how would you recommend I switch from BTC mining to Litecoin mining.

Topic: How would you move from BTC to LTC? (Read 524 times)