Easy Beginner Guide : How to mine LiteCoins @ LtcRabbit

Posted by Security is just an illusion at Sunday, January 26, 2014 Read our previous post

 

A friend ask me if i can help him with a Guide to Mine Litecoins.I never mine before puhhh but i learn fast.

Short Intro about LiteCoins

Litecoin is a peer-to-peer Internet currency that enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Litecoin provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers with GPUs most people already have. The Litecoin network is scheduled to produce 84 million currency units.

One of the aims of Litecoin was to provide a mining algorithm that could run at the same time, on the same hardware used to mine Bitcoins. With the rise of specialized ASICs for Bitcoin, Litecoin continues to satisfy these goals. It is unlikely for ASIC mining to be developed for Litecoin until the currency becomes more widely used.

For more information, visit the Litecoin page.

 

What we need to mine LiteCoins.

A Ati/Nvidia Gpu Card or a Cpu with Running OS

Mining Software (GuiMiner) or Standalone OS

LiteCoin Wallet

LitCoin Pool

 

Nr 1

Get Downloads Here :

Download The LiteCoin Client for your Wallet from https://litecoin.org/

Install Litecoin for your OS and start it and wait for updates, your wallet is now ready.

Nr.2

VERY IMPORTANT ONLY FOR ATI USERS !!!

Many people skip this 2rd step, and they end up having extremely bad results...   So, here we go, with bold letters.
Please ensure you have the following dependencies installed
• AMD APP SDK: http://developer.amd.com/tools/hc/AMDAPPSDK/downloads/Pages/default.aspx
• Latest AMD drivers: http://support.amd.com/us/gpudownload/Pages/index.aspx

or

Known working for all cards AMD driver (12.8):
12.8 32-bit
12.8 64-bit
AVOID 12.10 DRIVERS, THEY SEEM TO BREAK LITECOIN PERFORMANCE. 13.X SEEM TO BE OKAY.

Update your Drivers Install Amd app sdk then one simple reboot.

 

Nr.3

Join a Pool my choice is ltcrabbit.com

Join LtcRabbit Pool Here : https://www.ltcrabbit.com/

Make an New Account its very simple.

Add  New Worker “My Account” > My Workers > Add a New Worker

Pool Ready to Mine some ltc coins Well Done.

 

Nr.4

On A running Windows System we can use CGMiner LTCRabbit V1.

Download CGMiner LTCRabbit V1 fork for mining Litecoins :  Download

Download unpack ánd run test batch > start_mining_ltcrabbit_slot_1.bat

After a short test give it 10 mins you can edit the batch file 1-4 with your worker + pass.

Or Write a Muti Mining batch with conf maybe later.

 

Accepted mean its works ;) and you can change you worker too your own worker.

If you have multi gpus you can test slot_2-4 too.

start_mining_ltcrabbit_slot_1.bat >> use gpu 0

start_mining_ltcrabbit_slot_2.bat >> use gpu 1

start_mining_ltcrabbit_slot_3.bat >> use gpu 2

start_mining_ltcrabbit_slot_4.bat >> use gpu 3

 

And Yes you can run all cards at the same time but only if you got 4 x vga cards or more.

Change your worker name + pass into the batch files with your own.

.\cgminer-3.7.2-windows\cgminer.exe --scrypt -u yourworkeruser.namehere -p yourpasswordhere -o stratum+tcp://eu.ltcrabbit.com:3333 --gpu-platform 0 -d 0 -w 256 -v 1 -I 18 -g 1 -l 1 -T  --thread-concurrency 6144

 

If you run annother graphic card, please find the correct settings for you specific card here. You definitely have to find the correct values for:
intensity (-I) Please lower intensity if you experience problems.
thread-concurrency
gpu-thread (-g)
worksize (-w)

Save it now and close all other miners ,run batch file again.

Be happy with some ltcoins.

 

Nr.5

Add your payout wallet address from your wallet to ltcrabbit.

Now you need only wait and got $$$ from your vga-cards cool.

 

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Nr.6

Info Coming soon frist need some coins to cashout.

Get some LTC Coins and cashout to real $$$.

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Nr.7

Donate Some Litecoins for the great tut ;)

Donate Send to : LPEVLuHAwSc53otzLLmVnjde2r7wUVTMsZ

 

Have pfun

Income estimation for 2 x AMD ATI XFC HD 5830 1gb DDR5 running 24/7 :
LTC in 24h: 0.32552875
LTC in 7 days: 1.67870124
LTC in 1 month: 6.76586245

LTC > USD 1 > 21~$