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First, you're going to need a good graphics card. It is possible to mine using a CPU, but it's so ridiculously slow it's just not worth it, even with a top-of-the-range CPU. ASICs designed for Bitcoin mining are also ineffective due to the different algorithm used to mine Litecoins. That's the thing about ASICs - they're really good at one dedicated task and useless at anything else. Remember, we're not talking about gaming there, so this certainly doesn't mean AMD cards are better than NVIDIA at gaming performance; purely in terms of the math required to mine crypto currencies.
Therefore, it's important you either invest in a new card, or accurately check what your current card is capable of. The easiest way is to check the Litecoin mining hardware comparison chart [No longer available] and see if your card is listed - take the lowest figure there as a realistic estimate of what you can achieve easily, which will give your calculation a little room for error and allow for idling time due to network issues, etc.
Plug that number into this calculation tool , along with an estimate of power consumption and power costs for your area; and out will come an idea of how much "profit" you'll be making - but bear in mind the difficulty will increase rapidly. For a more realistic approach to Return-On-Investment rather than daily profit, check out this Reddit thread. At this point, it may be painfully obvious that you may even end up making a net loss with your current setup.
It hits a sweet spot between power consumption, and production rate, even though the purchase cost is quite high. You could mine solo, but it's harder, more work to set up, and the rewards aren't as reliable. Joining a pool means you get paid for all the work do you, whether or not you actually find a block; it's like a lottery syndicate.
Check out the current list of mining pools [No longer available] here. Once you've joined a pool, you should find somewhere to "manage workers". From that page, you'll find a worker name and password leave it as x, you don't need one , and there should be a list of that pools servers somewhere too.
Note these all down. The mining scripts are available for Windows as Kannon described before , but I experienced so many driver problems and variations in performance that it just wasn't worth the trouble. Why mess around? After two days of thinking I had a dud card -- mining would work for a few minutes then any tweaks would kill it and require a complete re-install of Windows yes, seriously -- I was up and running with a BAMT Live USB in 10 minutes.
Seriously, don't use Windows. If you have a newer card, you may need to perform some updates. Boot from it, and presto - you're mining. Unfortunately, you're mining for someone else since you haven't set it up with your own addresses yet. Do that now. Note: If you're planning on only using LTC Rabbit, they have their own customised version of BAMT which you might want to look into - the rest of these instructions should still apply.
Read below for details on what to put in this file, but at the very least adjust it to use your mining pool login credentials. When you're done, save the file and restart the mining process with:. Note the number you find next to the CGMiner process. The interactive text menu allows you to change settings without permanently adjusting the config file.
Before you do anything else, open the cgminer. Right now it has someone else's mining pool details in there, so you'll need to change that as soon as possible and restart. Note that the user entry is a concatenation of your username on that mining pool, a period, and the worker name; the password is usually just x - don't enter your actual mining pool password - this is just for the worker.
If you've only joined one pool, delete the details for the additional one, and remove the comma that's currently separating the two. At some point, you'll want to join an additional pool as a failover in case the first one is down or does't have work units available. This file is JSON format, so each property and value must be surrounded by double quotes, and a single colon : separates the "property":"value". Between property value pairs, you need a comma.
The exact settings you should use will vary by the graphics card - you can search on Google to find something suitable. The best answers are voted up and rise to the top. Stack Overflow for Teams — Start collaborating and sharing organizational knowledge. Create a free Team Why Teams? Learn more. Asked 9 years, 7 months ago. Modified 6 years ago. Viewed times. Improve this question. Daniel H Daniel H 3 3 silver badges 15 15 bronze badges.
And yet on this page they recommend that you use SUDO to set the root password: bamter. Add a comment. Sorted by: Reset to default. Highest score default Date modified newest first Date created oldest first. Improve this answer. Sign up or log in Sign up using Google. Sign up using Facebook. Sign up using Email and Password. Post as a guest Name. Email Required, but never shown.
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