I will answer some of your questions.
I like LTC but current difficulty is so high, with 6 MLDs I can mine 0,0011 LTC which is, dunno 7-8 cents value.
So to mine other tokens, there are a number of ways. Take a look at p.83 of this thread, one way has been described.
Basically, for example you can sign up on any multi-pool (hash-to-coins is what I am using now) and create a worker. Then follow instructions there,
copy the server address and worker details and replace those in the start file instead of the LTC address/worker ID there. You can also do it in terminal,
and change mining strategy under settings so that it rotates between different pools. All highly customizable. I will say tho' that these USB miners
can not well handle coins with too high difficulty, so try something 'easy'.
Others may chime in, as I am pretty much a beginner also.
Thanks for reply. 7 MNL2 now mining away. I have 6 offsite using VNC to control. 1 at home, but will also transfer to offsite address once my 90degree USD extenders arrive. I have a proper USB hub, so I think good for 10 MNL. I am running at default clock. Set up is noisy and soon getting into L3+ territory! I find that hanging USB best way to keep noise / vibration down (alas I don't have a safe set up to do this).
Mining ... 7 MNL getting roughly 24MH on litepool.org , am up to 0.0075 LTC ... this is slow and very unprofitable.
Questions:
1.So using BFGMiner / Linux / Raspberry Pi : how do I point my miners towards other coins ?
2.Can you mine other coin with BFG Miner ?
3.Am I stuck with litecoinpool.org ?
4.Can I mine solo ?
5.I would like to mine NewYorkCoin , Vertcoin , Dogecoin , is this possible ? I have a wallet with Coinomi that seems to support loads of coin (vs coinbase that has my LTC wallet but only supports about 5 coin).
Thanks
I have 7 MNL2 (6 on their way) 1 up and testing : raspberry pi 3 running one MNL on litecoin pool. I can see clearly now that at 9million difficulty and earning 0.0001724303117568 LTC over 24 hours , that is 1p . With 7 MNL2 running I will be making 7p every 24hours. This is seriously loss making. I would have invested almost £470 invested for 7 miners + 2 USB (one serious USB) I paid roughly £64 each miner ... looks like I will make a serious loss. Should I have bought a Bitman Antminer L3+ for £250 ?
This is all new to me. I am pleased that I am finally mining. I also think the raspberry pi is a great tool. Love the fact can control via VNC tool.
The MLN2 has the advantage of being quiet and be mined from home.
Surely we should find new pastures for the MNL2 away from LTC ? We have the advatange of such low wats to hash ... there must be somewhere we can use this to our advantage ? LTC must be mined at a loss for everyone if entering market now? Difficulty jumped so much, which is weird given price has dropped.
Are there any ASIC resistant coin we can mine ?
How would you set up the Raspberry pi ? I just managed to set up BFG miner , and that was not easy.
One note on BFG, we are told to update to new version , however all the instructions / tutorials only explain how to install the 1st version on a raspberry pi. Could someone tell me how I can check which version of BFG I am running, and step by step how to upgrade ? i.e. sudo gets install method.
I am also thinking, why can't we here set up a coin. For the Futurebit Moonlander community ? Optimised for our miners i.e. not pure hash power, however efficiency will play part. Coin , needs a community, well it starts here : we have the mining tool that is both affordable and cheap to run and not too difficult to set up (this will improve).
Thanks for any replies
But I want to try and mine another coin/token-maybe Digibyte or another Scrypt one in hash-to-coins.
Many Antminer L3+ were sold in the last few months, so I saw difficulty almost double. You can try multipool.us if you want to try a multi coin pool that will switch automatically for you. Even if you have 6 MLDs, I don't think you'll recoup your investment ever, especially with cost of electricity. Do it for fun and leave it at that.
Quick couple of points - although it's tempting to work your 'earnings' back into fiat, do bear in mind that LTC is very low at the moment, so that'll make you feel worse. Always best to look at the coin earnings rather than the conversion rates. Secondly, LTC has seen a massive spike in difficulty, as others have noted, so best hunt around for other options - hashfaster has a few, and there are plenty of other scrypt coins out there - solo mining something esoteric might work too.
i know some people in here are scripting masterminds!
