Welcome to the community, and please follow the rules in the sidebar! Getting Started • • • • • • • • • • Profitability Calculations • • • Submission Rules • 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.

Learn how to mine litecoin with this beginners guide, including how to use minerd and cgminer with your CPU and GPU. Litecoin Mining Profitability USD/Day for 1 MHash/s chart. How to Mine Litecoin - A Guide on Litecoin Mining and Other Altcoins. ETH and LTC mining? A warehouse without good air con. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero.

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. • No currency flame wars. • In general make sure your posts and comments are good natured and courteous. • No Buy/Sell posts. Please keep these to,,. • 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. • 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 and.

Related Subreddits: • • • • • • • • • • • • • Where to Buy/Sell Litecoin: • • - USD, GBP, EUR • USD, EUR, KRW • VaultofSatoshi NOW CLOSED • - AUD, CAD • - BTC, CAD • - BTC, USD • - BTC, USD CURRENTLY INACTIVE • - BTC, NIS • - GBP • X-BT NOW CLOSED • Bter INACTIVE Join us on IRC: Download: Join: irc.freenode.net #litecoinmining. People on the forums and subreddits seem to have the best luck with these cards: These will be very difficult to obtain, especially in the quantities you will require, just so you know. Here's what you'll need: • 60 of those Sapphire video cards, let's say $500 each, $30,000 • 60 PCI Express POWERED flexible extenders, $10 each, $600 • 15 Gigabyte GA-990FXA-UD3 Motherboards, $150 each, $2250 • 15 Cooler Master Cooler Master Silent Pro M2 PSUs, $350 each, $5250 • 15 Seagate ST500DM002 500 GB Hard Drives, $60 each, $900 • 15 AMD FX-4130 Zambezi 3.8GHz CPUs, $100 each, $1500 • 30 4 GB DDR3-1866 DIMMs, $60 each, $1800 • 15 Openrigs.com 4 GPU 'Giorgina' stackable frames, $100 each, $1500 We are looking at $43,800 so far. Now, Unless you happen to live in Iceland, Greenland, or Antarctica, you will need a large amount of cooling.

I will assume that you will use 1,250 Watts per rig, so 18.75 KW total that will need to be cooled. The standard formula we have always used is about 10,000 BTU of cooling power per 3,000 W worth of equipment. 6 portable air conditioners should do the trick, as long as they are 12,000 BTU each.

Try this one, from LG, for about $350: This brings our grand total to $45,900. The last sticky wicket here: you will need 27 KW to power this rig. I know you mentioned that you have a warehouse with free power, but you will need a circuit that can handle 200 Amps at 220 V available. Although you could get away with running this type of setup in some homes, in most cases, this would be considered an 'industrial' setup. If you need to have an electrician out, which you most likely will, they tend to charge triple when it's for industrial or commercial use. Be prepared to spend at least $3,000 wiring the thing up.

That brings us to $48,900, or only $1,100 extra for shit that fails on you, melts down, cables you need, weed to smoke, etc. What Is The Best BridgeCoin BCO Miner there. In the event that you need to pay for this power yourself, assuming you are in North America and pay 15 cents/KWh, you're looking at $98 per day. The upside of this? Your brand new rig will push 45 MH/s. If you can get all of this equipment in the next two weeks, it all works, and difficulty doesn't increase too much, you will break even in just under a year. Check out this calculator, I used 1.5% as a difficulty increase per retarget: Good luck to you. Post pictures if you get it working.

This is a matter of personal preference. Hard drives are simply faster to get data on and off of than flash drives, and far more reliable. When you talk about setting up 15 systems, two hours less time spent cloning operating systems is two more hours you have to troubleshoot other problems. Hell, you could probably set up a TFTP style netboot if you wanted to be really crafty.:) The expensive CPU is not necessary. When I built my own personal miners I opted for the 4-core CPU so that I could mine other altcoins at a really low level with CPU miner in the background. While I agree with you that setting up a netboot mechanism is a more efficient and streamlined way of configuring the OP's installation, I still have valid reasoning behind my choice of selecting hard drives. I'm not sure what the OP's level of technical expertise is, but in the event that he/she is not a skilled UNIX sysadmin, one must consider the complexity of a netboot system.

Using hard drives is simpler and easier for most users to deploy and configure than a netboot system, and eliminates a level of complexity that may not be suited for all applications.

Litecoin Mining Litecoin mining is a great alternative for those who want to earn some. It is a great way for you to earn without having to buy expensive mining hardware. This is the primary reason others mine altcoins such as as opposed to the more popular. Like Bitcoin mining, Litecoin mining makes use of proof-of-work. Basically, it works under the same principles. It requires energy and time for you to enjoy Litecoin mining profitability.

What is Litecoin mining? In order to transfer litecoins from one wallet to another, transactions must be contained in a block. Litecoin miners verify these transactions. They employ proof-of-work. Miners check incoming transactions as well as previous transactions that occurred.

Once they make sure that no double-spending occurred, they create a new block. The fresh block contains new transactions and adds it to the existing blockchain, which is basically a record book of every payment that has happened within the Litecoin network. Litecoin mining forces the creation of new blocks.

These are then sent to the nodes on the network. Nodes use the miners’ efforts to continue to verify and transmit transactions. In return, they get a miners fee for every transaction verified.

It benefits both parties and keeps the Litecoin network running. Start Litecoin mining You have to get a Litecoin wallet. These digital wallets allow you to send and receive litecoins. You can get a wallet for various operating systems. Whether you use Mac, Windows, or Linux, there’s a Litecoin wallet available for you.

After your wallet loads, it will connect to the Litecoin network. Wait for it to sync.

Create a new address and provide it with a name. Next, you have to download and configure your Litecoin. This software then activates your graphics processor to mine litecoins. You can purchase dedicated hardware for mining as well. This speeds up the entire process and gives you an advantage over your conventional desktop computer components. Lastly, you have to decide if you want to mine solo or with a group.

If you wish to perform Litecoin mining with other miners, all you have to do is look for a pool. This is where your resources are combined and share all of the rewards. If you want to mine alone, you have to configure your software accordingly. Both have their own advantages and disadvantages. Mining unaccompanied means you get all the rewards for yourself.

Meanwhile, a Litecoin mining online pool can yield faster and more consistent smaller rewards. Litecoin mining lines you up for profits. If done the right way, it can even be your main source of income. Just remember to apply all the necessary measures in order to meet success.