Building a Litecoin Mining Rig- Step by Step Guide over 94,000 students, learn all you need to know about Bitcoin. One Email a Day, 7 Days in a Row. The great news is that you can actually still mine Monero with your CPU, so laptops can actually earn you coins as well.
The big advantage of the platform I’ll be showing you, minergate. For the purpose of this guide, we’re going to do a detailed walk-through of setting up Minergate and a Claymore miner. Monero is a strong coin that’s focused on privacy. It has a large following, and it seems to have some amazing price spikes periodically. Diversification of your mining resources can be a very lucrative strategy as you wait for that specific coin’s price to spike to empty out some of your mining earnings. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes. It’s a cheap way to slowly build up a holding position in Bitcoin.
BTC can be easily sold for cash, so mining XMR can be a good way to indirectly fill up your bank account or earn cash. XMR can also be sold directly on some major exchanges. Mining can be a cheap entry ticket to the XMR market, as it’s loved by traders for its high volatility. Ever since XMR got traction in the darknet markets in 2016, it’s been one of the highest-priced altcoins in the market. I deployed too many cards in a closed space once too!
Finally, building a large XMR position now through mining may allow you to take advantage of price appreciation in the future—but with less risk than just buying. However, buying gear and mining cryptocurrency with it allows you to have an income-producing asset in the gear itself, with aftermarket resale values holding very well and even appreciating. GPUs purchased for mining in 2015 and 2016 were often sold at a profit in 2017 due to such high demand in the market! So allowing your gear to earn money and selling that gear when your target is reached can potentially allow you to make your money back on the gear itself and pocket the crypto generated as profit. It’s a memory-hard algorithm, meaning it’s designed to resist the development of Monero-mining ASICs.
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Monero is deliberately best suited to CPU and GPU mining. Hash Rate, Difficulty, and Price Monero’s total network hash rate has been climbing rapidly since its launch in 4Q16. So if the amount of hardware dedicated to Monero mining is rising, why aren’t blocks being mined ever more rapidly, such that the average two-minute block time has decreased? By automatically adjusting the computational difficulty of solving a block, the Monero blockchain is able to maintain approximate two-minute block intervals. The next obvious question is why hash rate and difficulty have been rising in the first place. 40 USD in a few short months!
Calculating Monero Mining Profitability Now that we have a clearer understanding of the Monero blockchain and important concepts like difficulty, it’s time to perform some economic calculations. 1 per day per GPU, depending on the model and configuration. Keep in mind that AMD cards outperform Nvidia cards for Ethereum mining purposes on the Ethash algo, but AMD doesn’t beat Nvidia when it comes to the Equihash algo using the EWBF miner. A decent i5 or i7 CPU can still make you a small profit and get you in the crypto mining game! As with everything, do your own due diligence to evaluate GPUs based on their hash rates, power requirements, availability, and price. For a solid budget card, the AMD RX 570 with 4 GB of RAM, like this Sapphire Nitro GPU, is recommended. We’re going to do a walkthrough of mining Monero on Windows 10, but note that you can also mine on Windows 7 or 8, as well as Linux and Mac.
Get Your Video Card Drivers Installed AMD GPUs: Head over to amd. Enter your GPU information and click Display Results. Start Search, and download the current version from the results. Install your GPU drivers like you normally would and reboot. Troubleshooting tip: Some miners have had success installing all GPUs at once and then installing the drivers. I’ve had success both ways, so if you run into an issue with one method, delete the drivers and try the other method.
After receiving several complaints about the company we decided to review it personally. Register a Free Account at Minergate In order to easily mine with your CPU and GPUs, including laptops, you’ll need an account at Minergate. Click the Sign Up button at the top, and then set up your account with a valid email address and secure password. Download the Minergate Software The next step is to download the Minergate software. Run the downloaded file to install Minergate, and just click like you normally would through any other installation process.
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After the installation has completed, run the program, enter the email you registered with, and click on Start Mining. Next, click on Start Smart Mining—this option will look for the most profitable coin for you to mine and start you hashing! That’s it—it’s literally that easy to get mining with this easy-to-use platform. See the process in full here.
The above image shows CPU and GPU mining on a laptop with an old i7 2630 and integrated graphics. The below image shows a mining rig with a Celeron 1840 CPU and four RX 470s. Your performance with Minergate GUI smart mining will vary quite a bit based on the specs of your equipment. Being able to mine with a click button GUI like this is amazing, as it lets almost anyone get started with mining without any fuss, . But we want to take it to the next level. Read on to see how you can maximize your Monero mining and increase your performance almost 2. The Minergate platform doesn’t conflict with the EWBF or Claymore miners, so you can dual-mine using Minergate to run your CPU and another miner to mine Ethereum, ZCash, etc.
Go back to the Minergate Downloads page, scroll all the way down, and click on Alternative Miners. First, you don’t want your computer to go to sleep, as it will interrupt your mining. Go to your Power Settings and set it to Never Turn Off or Sleep. To minimize the disruptions to your mining and settings, you may also want to disable Windows Updates. If you’re running Windows Defender or some other antivirus program, add an exclusion to it so that it doesn’t flag the entire Claymore miner folder and Windows doesn’t try to identify the Miner program as a virus or try to disable or delete it. Run the Miner Once you’ve completed your Windows tweaks, run the miner by double-clicking the . Claymore is a beast when it comes to AMD miners, and it has proven so time and again.
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The neat thing is running the Claymore miner in this fashion is still mining to your Minergate account, and you can run the Minergate GUI to mine on your CPU and run the Claymore GPU at the same time. When you’re logged in to Minergate, go to your Dashboard to monitor your active workers and see your overall mining progress. Click on the Withdraw button to send the Monero you have mined to another Monero wallet or exchange. That’s it for this beginner’s guide to mining Monero on your PC! I hope you’ve found this guide useful.
If you run into any issues or have any questions, please comment below, and we’ll try to help. If you are interested in taking your crypto mining to the next level from here, sign up at Crypto Mining Academy, where I go into massive depth and detail about every step of this process in a comprehensive course. Bitcoin Video Crash Course Join over 94,000 students and know all you need to know about Bitcoin. One email a day for 7 days, short and educational, guaranteed. We hate spam as much as you do.
You can unsubscribe with one click. Step 1: Litecoin LTC GPU mining This guide will show you how to get started with Litecoin GPU mining. If anything is unclear in this guide please leave a comment about it. You’ll want to start with pooled mining as solo mining is not very viable anymore. The difficulty of the network is too high to effectively solo mine with a single computer. It’ll take a very long time to get a single block of 50 LTC.
I suggest you skip to step 2 for pooled mining. If you want to solo-mine you’ll need to have the litecon client installed and configured. You can download the litecoin client here, if you are running windows look for the latest litecoin-x. After you installed the litecoin client it will have to catch up with the network first before you can start mining as you can see in the image below. Now you should get this pop-up as you’re trying to change the extension of a . In Windows XP this menu should be visible without pressing ALT.
You should change the username and password for safety, even though you’re only allowing the localhost here trojans and mallware ect. Step 2: Ltc mining software, cgminer and guiminer-scrypt Currently I advice you to use cgminer as guiminer-scrypt is still very unstable. Cgminer is command line software and a bit harder to set up but if you follow this guide it should be no problem as we also create shortcuts on your desktop to start the mining. I won’t be covering the Reaper miner here since it is less stable than cgminer and doesn’t have any performance advantages. Cgminer for windows, linux and the source are available here or a backup link for the windows client here. This one is not recommended but you can try it if you like.
Now not all graphic cards support mining but if you purchased a medium range or better one the last 1-3 years you should be able to mine. AMD card you’ll need the AMD-APP-SDK, which can download here. AMD drivers are up to date. Step 3: Setting up the mining pool If you are solo mining you can proceed to step 4. In order to mine with a pool you’ll have to register an account.
I will be using coinotron in this guide. Make sure LTC is selected under coin. Step 4: Starting with mining Now you’ll have to determine the optimum settings. Intensity, this you can set anywhere from 0 to 18 where at 18 your computer becomes unusable and might even freeze.
For me the optimum setting is 12 when I’m at my computer and -16 when I’m not working on my computer. You’ll have to see what works best for you. You can try any of the thread concurrencies within these ranges but it has to be a multiple of 64. Make sure you use the concurrency that fits your card model. You can set a maximum temperature if you run into problems, the default is 95 which is ok for most cards. Replace -u and -p with your own username and password. Guiminer-scrypt can be setup like this, it has some default values also but you’ll want to tweak to get the right settings.
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Note that guidminer-scrypt gets very different results with the same settings, I find it harder to get good hashrates with guiminer-scrypt. Now you should easily be able to start mining with your gpu from your desktop. You should be mining by now! Is there any way that you’re aware of to get this working on an Nvidia? It’s what I have on hand but I might shop for an old AMD. Hi thanks for the step by step set up. I am not able to mine accepted or rejected shares, nor shows my worker online when i log in on cointron.
0 detected new block’ while it runs. I tried to run the mining proxy from my minerd folder hoping that would do the trick. Unfortunately there is no other PPC pool at the moment, bitparking closed this week and the other ones seem to be a scam. 1 under the -u flag for command, you are mining for cryptocur and not you. Not specifically for that card but here’s a decent overview which should give you something to work with. Again, BE AWARE OF WHAT ARE YOU DOING. 24fps for my tv when i play on it.
900 for just laptop screen fine. 512mb dedicated to the the gpu in this laptop. 1333mhz ram in the laptop so it runs more like it has 2. 5gb but the apu splits the rams speed between the cpu and gpu. And can you explain how to set new pool on cgminer. A and R stays at 0. Does this mean the pool is neither accepting nor rejecting any shares from me?
It has stayed like this for nearly an hour now and my stats on the pool site is set to 0. I’m getting close to 500 according to cgminer. I’ve posted this comment before mistakenly on the CPU guide. 18 intensity and i hear the fan spinning and working very fast, my computer is not lagging at all, which to me means that it’s not working? Something is obviously wrong but i don’t know what, never happened to me before. Do you have another gpu maybe? I had a problem when it would run my bad Intel graphics card but no my main gpu.