Paste the command in to it and create the shortcut. Go to desktop, then right click on desktop and select New > Shortcut. To simplify things, so you do not need to memorize all the commands each time you start mining, you can create a shortcut on the desktop. The total hashrate could also be seen as 37.87 khash/s. You can see the miner running with the total of 4 threads and the work being accepted. is the password for your worker, for instance my password is set as pass.is your username.worker which we have created at, for instance my login is ltcminer.worker1.-t is the number of threads, so set 1 for each core your cpu has.To start mining you have to run the following command at cmd.exe :Ĭ:\ltcminer\minerd -a scrypt -r 1 -t 4 -s 6 -o -O : Next, start the mining proxy with the following command from cmd.exe :Ĭ:\ltcminer\mining_proxy -pa scrypt -o -p 3334 This should be how your c:\ltcminer\ folder look like now. For other platforms, the source code is available here. Download the windows binary from either here or here and place it at the same location where you have extracted the miner just now at c:\ltcminer\. You can download the version based on your operating system from here :Īfter the download is complete, extract the files to c:\ltcminer\įor cpu mining, you will also need to setup the mining proxy that supports the Stratum protocol. Pooler’s cpu miner is currently the fastest. Also, remember to change Coin to LTC.Īfter added, you should see a screen similar to this: After that, log in with the newly created account, select My Account and add a worker. I will be using coinotron for this tutorial. We should look for a pool where multiple users work together to mine Litecoin and share the rewards based on work completed as it is not viable for solo mining anymore. You can also learn more about securing your wallet from the tutorial on How to create a secure wallet. ![]() Losing your pass phrase will render the wallet useless as no one will be able to open it ever again. ![]() Enter the pass phrase and write it down to be kept somewhere safe. The Litecoin client has a built in encryption which can be activated by going to Settings > Encrypt wallet. I highly recommend that you take some measures to secure your wallet. Remember it runs on the network of its users? It will take fairly long, so let it run while we move on. The client will synchronize with the network to download the blockchain which contains all transactions ever performed. ![]() Choose and download the Litecoin client for your operating system then proceed to install it. The client could be downloaded from the official Litecoin site. To start mining crypto-coins, you will need a wallet to store the digital currency. You can learn more about GPU mining on our next tutorial, GPU mining guide. That is the reason those specialized hardwares developed for Bitcoin mining will not work with Litecoin and making CPU mining more effective.īefore getting started, i would like to share that GPU mining would produce a much higher result than CPU mining if you are equipped with a decent GPU. Litecoin uses a scrypt based algorithm, unlike Bitcoin’s SHA-256.The scrypt algorithm is more reliant on memory, not processing efficiency. The number of Litecoins will reach its limit when 84 million is produced as opposed to Bitcoin’s limit of 21 million, and it’s projected that it won’t occur until 2040. Compared to Bitcoin where transaction confirmations takes 10 minutes, Litecoin has a faster confirmation time of 2.5 minutes. Litecoin runs on the network of users that employ it. If you are not familiar with Litecoin yet, it is a decentralized digital peer-to-peer currency used over internet based off the concepts of the popular Bitcoin. Within the last week of November, the price has skyrocketed for more than 400% and is now resting comfortably at around $30.
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