Sites like Multipool and Middlecoin offer some great options for the pool miner. Follow a detailed set of instructions that will have you up and running with Linux on your litecoin mining rig in about an hour. Litecoin 101: How To Build Your Own Mining Rigs Weâre still not even sure who created Bitcoin, the first cryptocurrency to go mainstream. So instead these pools work in congruence to earn those same 25 bitcoins and divvy up the spoils. Software Once the hardware is assembled, software will need to be addressed. Next, Iâm going to caution you: Like playing the stock market or investing in general, there is a risk associated with Litecoin mining.
Each alternate currency has a coin-specific wallet, so choose appropriately. In the early days of mining, CPU processing power was the most important factor to consider. If coin-specific mining isn’t a big concern, consider Middlecoin, which mines the most profitable alt coins and automatically exchanges them to bitcoin, depositing dividends into an online wallet. See what you’ll need to pack multiple GPUs into a single computer for maximum efficiency. Itâs volatile, and there are significantly less experts in this realm to advise you. While alternate currencies are not a guaranteed investment, with the right coin, a properly done return on investment (ROI) report, and time they can be a great way to earn money.
Multipool is very cheap to join and only takes a 1. “Make thousands, tens of thousands, or hundreds of thousands of dollars all from the comfort of your own home. Former Google employee Charlie Lee, Litecoinâs creator, refers to it as âsilver to Bitcoinâs gold litecoin profitable.Skycoin.. If you’re looking for information about modern GPU mining, please click here for my updated 2017 guide on Ethereum mining. Guide: Build your own Litecoin Mining Rig 4/06/2017: This guide is nearly four years old. .