Litecoin mining LTC/FTC/DGC/ETC (Do not offer items for sale in this thread)

Discussion in 'Blockchain & Cryptocurrency Mining' started by ernie, Apr 3, 2013.

  1. ernie

    ernie Member

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    It's been suggested that Litecoin mining deserves it's own thread so as to not to derail the bitcoin mining thread.

    UPDATE: this thread is also for people using other Litecoin derivatives based on the scrypt algorithm eg. Feathercoin

    -LTC Litecoin - second only to BTC , faster than BTC, Smaller efficiency gap between GPUs and CPUs , ASIC-hostile
    -NVC NovaCoin - scrypt hashing[like LTC] , proof of stake [like PPC] , controversial start
    -FTC Feathercoin- LTC clone with 4x more coins.

    -DGC Digitalcoin- 20sec block rate, active. super fast version of LTC.
    -MNC Mincoin similar to BBQ, but very bad launch giving 10% of all coins to insiders.
    -CNC CHNcoin- similar to BBQ, announced on chinese forum first, very big hashrate.
    -BTB BitBar- scarce version of NovaCoin. low starting diff like FTC and CNC, but quick adjustment.


    Comparison of Litecoin mining pools


    Useful mining programs:

    You can download cgminer from here:- http://ck.kolivas.org/apps/cgminer/
    You can download reaper here:- http://wiki.solidcoin.info/wiki/Reaper
    You can download cpuminer from here:- https://github.com/pooler/cpuminer/downloads




    /EDIT Since the OP the number of scrypt based alt-coins has exploded!

    No point listing them anymore.

    Here are some links for info on the popular alt-coins:

    Bitcointalk - List of Alt Coins.
    Coinchoose - profitability ratings.
    Coinwarz - profitability ratings and mining calculators.
    Coinmarketcap - market capitalization of many crypto coins.
     
    Last edited: Jan 28, 2014
  2. kangathekat

    kangathekat (Banned or Deleted)

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    I just ran cgminer with --scrypt option. When I get wake up later ill add my cfg here for my 7970.
     
  3. dakiller

    dakiller (Oscillating & Impeding)

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  4. EuroSlave

    EuroSlave Member

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    Better to mine on ATI or Nvidia?
     
  5. slavewone

    slavewone Member

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  6. Pollywaffle

    Pollywaffle Member

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    While I'm syncing my Litecoin wallet with the server, I'm still trying to decide what Litecoin pool to join. Does anyone have suggestions? I was thinking maybe Ozcoin, but there's some fees. Alternatively, I was thinking give-me-ltc.
    I'm very new to this and my inexperience is making it difficult in choosing a pool.
     
  7. OP
    OP
    ernie

    ernie Member

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    I joined https://lc.ozcoin.net seems cheap enough, only doing it as an experiment.


    - Ernie.
     
  8. Pollywaffle

    Pollywaffle Member

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    Cheers, I think that's who I'm going to go with also. I'll see how I go anyway.
     
  9. EuroSlave

    EuroSlave Member

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    Anyway to get a quick starter guide on this?

    If i download the client does it automatically create a wallet on a harddrive/usb that I elect?

    I never got into bitcoin
    I'd rather keep funds local.

    Does it work the same way as bitcoin
     
  10. Pollywaffle

    Pollywaffle Member

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    Cannot seem to get past this =/

    "Miner failed to start. Make sure you have the Minerd executables and Libraries in the same directory as Litecoin-QT"
     
  11. Lasmi

    Lasmi Member

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  12. mortal

    mortal Member

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    Last edited: Apr 3, 2013
  13. Lasmi

    Lasmi Member

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    Yes for solo mining as the work comes from your litecoin client, no for pooled mining. Drop the intensity if it's too much. That's very decent hash rate though and I think I'm going to switch from reaper..
     
  14. SLATYE

    SLATYE SLATYE, not SLAYTE

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    Download the executables here, and then you may need to add an exception to the antivirus to stop it continually deleting them (it gets picked up as a trojan by many AV programs).

    I'm getting a whole 6.75kHash/s on the CPU alone (three threads running so I've got a spare core). No noticeable impact on performance for general web browsing.
     
    Last edited: Apr 3, 2013
  15. mortal

    mortal Member

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    Does reaper do nvidia?
     
  16. dakiller

    dakiller (Oscillating & Impeding)

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    I got it on the conservative settings, running at 7870 at 260 k/hash, but it really gets noticeably bad playing back videos.

    ~1 ltc in a day i'm getting is a pretty weak return, I'm just running it overnight as a small room heater for now, the ltc is just a bonus. I managed to get a sizable chunk of ltc for a few spare bitcoins the other week anyway not having any idea it would explode like this.
     
  17. Lasmi

    Lasmi Member

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    Yes. It was developed for solidcoin (dodgy) but works for LTC.

    http://wiki.solidcoin.info/wiki/Reaper

    I've tried guiminer-scrypt and it's pretty much the same just with a lot less mucking around. Intensity 12 seems pretty good for a desktop you're using.

    If you want to use give-me-ltc then the host settings are

    Host: stratum.give-me-ltc.com
    Port: 3333

    (default worker is username with .1 and password the letter x)
     
  18. EuroSlave

    EuroSlave Member

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    Is it better to work solo or in a pool and if you work in a pool do you still keep the wallet on your hdd if you choose to do so?
     
  19. Lasmi

    Lasmi Member

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    Solo is a risk as you may take an hour to find a block or a year whereas pooled is a guaranteed reward so unless you want to play the odds it's better to pool.

    You don't need to have a wallet to mine in a pool until it's time to take your reward. Even then you could just send it directly to the deposit address of whichever exchange you use.
     
  20. mortal

    mortal Member

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    I can do about 4 LTC a day on a 5970. :D

    Blockchain size is around 1.2GB compared to Bitcoins 7.5GB.

    Fuck me.
     
    Last edited: Apr 3, 2013

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