Easy Way To Mine Electra ECA. In this tutorial, i will explain how to mine litecoin (LTC) through Minergate pool. For those who don't know what Minergate is, it is a mining pool, you can sign up and register free at Minergate.com Introduction: In Minergate we could mine various cryptocurrencies, such as Bytecoin (BCN), Fantomcoin (FCN), Quazarcoin (QCN), Ethereum (ETH), Monero (XMR), Digital Note (XDN), Infinium (INF8), Aeoncoin (AEON) and the Ethereum Classic (ETC). But actually Minergate also provides pool to mine Bitcoin (BTC) and litecoin (LTC). But not included on Minergate software.

For mining Bitcoin (BTC) one must use ASIC miner. BTC can no longer mined using CPU or GPU. For mining Litecoin (LTC) you must use other software, such as cpuminer, gpuminer, SGminer. This time I will discuss how to mine LTC with a cpu miner software. Cpuminer is software-based mining Command Line Interface. Cpuminer available for Windows, Linux, and Mac. First turn off your antivirus (IMPORTANT) because a lot of antivirus software false detect cpuminer.

Three Months as a Litecoin Farmer. Behind the decision to mine Litecoin (aka LTC). On the whole Bitcoin & Litecoin mining scene, the gear I’m using and the. Litecoin (LTC) mining pool with fully automatic process. Start earning Litecoin (LTC) now!

Disable antivirus before download. Download cpuminer.

Extract the downloaded file, extract in any folder. Open your antivirus, add an exception to the extracted folder (IMPORTANT) so that the folders and files cpuminer not scanned and blocked by your antivirus. Check extracted files 4. There are 4 files (minerd.exe, libcurl-4.dll, libwinpthread-1.dll, and zlib-1.dll) you must have all the files. Open Notepad. Copy this script: minerd -s 1 -t 2 -o stratum+tcp://ltc.pool.minergate.com:3336 -u yourloginemail@minergate -p yourminergate password multiple parameters as follows: -s (scantime) leave this unchanged to 1, change scantime to 3 or 4 only if miner does not send share. -t (number of CPU cores that will be used for mining) -t 2 means 2 cores -o (mining pool url and port) for LTC Minergate is stratum+tcp: //ltc.pool.minergate.com:3336 -u (your email for login Minergate) are mandatory -p (password for login minergate) are mandatory 6.

Save as - Change 'Save As Type' to 'All files', and rename 'File Name' to run.bat Save location to extracted folder. Run run.bat (double click) A Command Prompt window will appear. When you successfully transmit miner shares to the pool, there will be writing 'yay!'

If succees, or 'boo' or 'nay' if failed to send shares. To exit miner, just close the Command Prompt window. To start it again, double-click the file run.bat. Mobile Monero XMR Mining. Monitor hashrate and your earnings on Minergate web Dashboard. To withdraw your earned LTC, just click on the withdrawal menu on Dashboard (minimum 0,01 LTC) cpuminer software is also able to mine other Scrypt based algorithm coins, such as Doge. It can also be set to other mining pool such as, litecoinpool.org, aikapool, etc.

Just replace the url setting (-o), username, and worker (-u) and password (-p) on run.bat file. Happy mining! My BTC wallet 16BtJ1W81U98gXVTQN1DrghnWndRCxWRu7.

Litecoin mining is currently more profitable for likely all GPUs. From the and hardware wikis, you'd get 300-400MH/s for bitcoin mining and 340-470kH/s for litecoin mining if you set it up properly (and there is something VERY fishy about you getting 250MH/s with your CPU, I'd guess it is using your GPU though you don't know it.). For bitcoin, the is about 6,500TH/s. Thus, you'd own about 300/6,500,000,000 of the network.

At 25 bitcoins per block, 6*24 blocks per day, and $800 per bitcoin, you'd make about $0.13/day. There is specifically-designed hardware for mining Bitcoins, which is way more powerful than GPUs, so unless you can buy a dedicated mining ASIC, your energy bill would overcome your revenue. For litecoin, the is about 90GH/s. Thus, you'd own about 340/90,000,000 of the network. At 4*6*24 blocks per day, 50 litecoins per block, and $25 per litecoin, you'd make about $2.72/day. It uses a different algorithm (called Scrypt) than Bitcoin. FPGAs and ASICs can't be optimized for this algorithm as much as they can be optimized for Bitcoins' algorithm, so Litecoins are mined exclusively with GPUs.

This means that you can still be comptetitive, and you should mine those.