want to get started mining litecoin | Bitcointalksearch.org

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: slickskin on December 12, 2017, 11:05:46 PM

Okay, so I definitely will be pool mining since I don't think I'd complete a block on my own and a small trickle of profits daily would be better anyway than waiting and waiting hoping one day I get a block lol.

So which coin still would be alright to mine with GPU if not bitcoin and lite coin?

My question is firstly is mining the litecoin at present scenario a good option as the price has already rose a lot and by the time we start mining the results may come it could go down. Also which other could could somebody recommend to mine considering the 2018 in mind?

bigjee

full member

Activity: 434

Merit: 107

Quote from: slickskin on December 12, 2017, 11:05:46 PM

Okay, so I definitely will be pool mining since I don't think I'd complete a block on my own and a small trickle of profits daily would be better anyway than waiting and waiting hoping one day I get a block lol.

So which coin still would be alright to mine with GPU if not bitcoin and lite coin?

Different GPUs excel at different coins.
See whattomine.com and play around with the settings to see which card suits your budget the best.

slickskin

jr. member

Activity: 36

Merit: 5

Okay, so I definitely will be pool mining since I don't think I'd complete a block on my own and a small trickle of profits daily would be better anyway than waiting and waiting hoping one day I get a block lol.

So which coin still would be alright to mine with GPU if not bitcoin and lite coin?

ggbtctalk000

full member

Activity: 394

Merit: 101

Quote from: QuintLeo on December 12, 2017, 03:56:21 PM

If you are going to use a GPU, ignore any coin that uses the SHA256 (Bitcoin and others), Scrypt (Litecoin/DOGE/others), X11 (Darkcoin/others) altogithms.
Those all have multiple generations of ASIC miners available, the EARLIEST ASIC machines in each case blow any GPU away on efficiency.

If you pool mine, you generally get fairly small amount of coin at a time - depends on where you set the "payout threshold".

good info, adding to this how i is likely do you think that bitmain will release equihash killer?

QuintLeo

legendary

Activity: 1498

Merit: 1030

If you are going to use a GPU, ignore any coin that uses the SHA256 (Bitcoin and others), Scrypt (Litecoin/DOGE/others), X11 (Darkcoin/others) altogithms.
Those all have multiple generations of ASIC miners available, the EARLIEST ASIC machines in each case blow any GPU away on efficiency.

If you pool mine, you generally get fairly small amount of coin at a time - depends on where you set the "payout threshold".

jillscarbrough

sr. member

Activity: 588

Merit: 335

Steady State Finance

Quote from: slickskin on December 11, 2017, 03:48:59 PM

I don't have a graphics card yet. Would it be possible for me to mine litecoin on a CPU even though it won't be as efficient? What's a good software for this?

Yeah, You answered mining with CPU won't be efficient. Your CPU will to be broken and Your profit is low. But if you want still mining used CPU you can try minergate.

Quote from: slickskin on December 11, 2017, 03:48:59 PM

Does mining produce a trickle of coin daily, or do miners have to wait before they complete an entire block before getting any coins?

If mining is in POOL, miners have coins based on shared

Quote from: slickskin on December 11, 2017, 03:48:59 PM

Do I have to join a pool or would I be able to do it on my own?

If you think, you can get a block of coins without joining the pool. Yes, you can do it yourself. But if you think, you can not, Go join the pool.

Quote from: slickskin on December 11, 2017, 03:48:59 PM

If someone mines bitcoin, etherium, or litecoin, can they then send these coins to their coinbase account and sell from there?

Example: You will mine on POOL (like suprnova) then you send coins to the exchange market (like poloniex) and you can sell it there.

Note: I write exchange market like poloniex don't mean i recommended poloniex.

Cryptoinver

newbie

Activity: 1

Merit: 0

Good day, if you want to win in Bitcoin, Litecoin, Dogecoin and Dash
I pass some pages that I already tried, first you register with your mail and a good password in the wallet:

https://coinpot.co

Then you go to the following pages, insert the email with which you registered in Coinpot, click on "claim" in each, you solve the captcha, then click on "submit" or "claim" (every 5 minutes) as appropriate and you will accumulate Satoshis, Dogecoin, Litecoin (litoshis) and Dash Totally Free:

>>BITCOIN:

http://moonbit.co.in/?ref=293cf7c9804f
http://bitfun.co/?ref=97DB329F386A (on this page you go to the Games tab to start claiming Satoshis)
http://bonusbitcoin.co/?ref=4B8B20492E09

>>LITECOIN

http://moonliteco.in/?ref=f06e9a17bfac

>>DOGECOIN

http://moondoge.co.in/?ref=2491e80ea7a3

>>DASH

http://moondash.co.in/?ref=A20FA332CB89

The wallet that I mentioned also has the option to mine Litecoin Wink

slickskin

jr. member

Activity: 36

Merit: 5

Hi, I'm nearly a total beginner to mining. I understand bitcoin mining is now very difficult so maybe litecoin will be easier for me? I have a few questions.

I don't have a graphics card yet. Would it be possible for me to mine litecoin on a CPU even though it won't be as efficient? What's a good software for this?
Does mining produce a trickle of coin daily, or do miners have to wait before they complete an entire block before getting any coins?
Do I have to join a pool or would I be able to do it on my own?
If someone mines bitcoin, etherium, or litecoin, can they then send these coins to their coinbase account and sell from there?

Right now all I want to do is learn the skill and generate any amount of coin no matter how small, and make SOMETHING. After I know what I'm doing I'll worry about upgrading the hardware so that I can make real profit it and make it worth my while.

Topic: want to get started mining litecoin (Read 531 times)