Welcome to the community, and please follow the rules in the sidebar! Getting Started • • • • • • • • • • Profitability Calculations • • • Submission Rules • All posts must be related to Litecoin or Litecoin mining. Discussion of other currencies should go in their relevant subs. • Coin switching/multicoin pool posts and advertising are not allowed as they do support the Litecoin network. • Pool advertising is allowed but should be kept to a minimum. Excessive updates and/or posts will be removed.

• No advertising for products. Discussion is allowed, but it must be done via self post and not contain a link to the buy page of the product in question. • No crossposts to other crypto subs unless the information is also relevant to Litecoin.

Step Four: That’s it you are now mining litecoins, make sure to add your litecoin address and pay-out threshold amount in your pool account. Also Check: How To Buy Bitcoins With PayPal, Credit Card. How to mine Litecoin – GPU mining by Justin Soo. Remember to change Coin to LTC. After added, you should see a screen. Your computer will become unusable and. Aug 27, 2017 - Which one is better? Everyone from qualified economists to Redditors have been comparing the two since Litecoin came into existence in 2011. The conversation not only discusses these coins individually and against each other, but also pertains to a more complex debate over what it takes to become a. So thank you so much for watching. And I’ll see you in part two. Transcript - Litecoin Mining on Mac. I’m going to walk you through how to start mining Litecoin on your Mac computer. The first thing you need to do is join a Litecoin pool using CoinHunter. It’s a popular one right now. It doesn’t really matter. You can find tons.

• No currency flame wars. • In general make sure your posts and comments are good natured and courteous. • No Buy/Sell posts. Please keep these to,,. • Please do some research before asking for help. You can find great resources via our sidebar, our wiki, and the reddit search function.

For more information on this rule, click. • Please post your configs if you are asking for help, or if you are submitting pictures of your mining rig. For more information on this rule, click and. Related Subreddits: • • • • • • • • • • • • • Where to Buy/Sell Litecoin: • • - USD, GBP, EUR • USD, EUR, KRW • VaultofSatoshi NOW CLOSED • - AUD, CAD • - BTC, CAD • - BTC, USD • - BTC, USD CURRENTLY INACTIVE • - BTC, NIS • - GBP • X-BT NOW CLOSED • Bter INACTIVE Join us on IRC: Download: Join: irc.freenode.net #litecoinmining. Glad you're interested in Litecoin. Most people don't want to help but I see any interest in crypto as good for the community as a whole.

First- I want to warn you than mining isn't lucrative. You aren't going to get rich from this. It's a great hobby and fun to do.

But NEVER spend money you can hardly afford. This is a hobby/lotto ticket, not a sound investment. Check the mining calculators out there. The more miners mining a coin, the less profitable it is. My L3+ makes $500ish a month and that number decreases every month. Now, the only decent miner on the market is the Antminer L3+ sold by a shady Chinese company called 'Bitmain'. If you go to Bitmain's site, you can see that the L3+ is available for $2200+ USD.

You also need to get a power supply unit (Bitmain has one on their website called the APW3- Grab one of those too). Also on your shopping list should be a power cord (the psu doesn't come with one) and a Wi-Fi bridge (because the miner needs a hardwired Ethernet cord). You'll also want to find a place in your house where you won't mind the fan noise.

The miner generates some heat and the fan is about as loud as my old PS4 after an hour or two of gaming. You don't want that next to you while you sleep. Just a heads up- the miners aren't always available. If they're sold out, monitor Bitmain's Twitter account. They announce batch releases over twitter. Unfortunately, Bitmain usually accepts only bitcoin, litecoin or that silly Bitcoin Cash thing.

They used to accept USD wire transfers but I'm not sure they do anymore. If you own some cyrptocurrency now, you might be able to convert it all to a coin bitmain will accept using using the shapeshift.io website. Bitmain usually takes a couple months to ship the miner to you.

When it arrives, it's actually pretty easy to set up. You need to join a mining pool. Essentially, a big group of miners mine together and share the rewards. Vertcoin VTC Farming Machine. I'm just doing it for fun so I joined antpool. I'm sure people have better pool recommendations. Open Source Dash DASH Miner.

Once you create an account on a pool, you set up a 'worker', which is your miner. Open your box, plug it in, connect it to the internet, log into the admin settings, and link your miner to your pool account. Then just leave it alone! I just check on it every other day by logging in to the pool to see if it's hashing away.

I noticed that it was shutting down every 10 hours or so. Turns out, it was overheating and automatically shut off. I fixed that by providing so extra air flow. If you need any help or you are confused, just send me a PM and I'll help you out. I'm in Canada and if you get stuck, PM me and I'll give you some help.

We can Skype or something if you get in real trouble. Don't be scared to jump in- it's intimidating at first but fun.

• • • • • • •. If you were my friend, I'd have you over for a beer and explain why wouldn't spend $4500 on an L3+. Id take that $4500 and buy 55% bitcoin in December once this fork nonsense settles and 45% in litecoin now. If you insist on getting a miner through a 3rd party, I will tell you that you better see the hardware in person before sending the seller any cash or crypto. There are so many scams out there right now.

Do not under any circumstances send payment unless you see it in person! Again- DO NOT SEND ANY PAYMENT UNTIL YOU'VE SEEN THE MINER IN PERSON. • • • • • • •. TL/DR Public Service Announcement: Stop buying L3+'s. You missed the boat. You're not making money with any LTC or multipool mining if you don't already have a L3+ in hand.

Anyone who says otherwise doesn't have a L3+ or doesn't pay attention. If your goal is to make money passively, buy and hold. L3+ Miner I bought in July, Received Sept: 1400$. I started turning a profit last week. $1400$ if I kept it in BTC: ~$4083, or +$2683 Profit.

I will likely not see 2683$ profit from the life of my miner. • August/Sept payouts = 35-40$ avg • Sept/Oct payouts = 25-30$ avg • Currently I am happy with hitting 20$/day. This is not accounting for electricity cost. You either get an early batch and make a profit.

Or you are supporting the network. The idea of getting an L3+ and making an even decent profit is pretty slim. You're looking at ~2-3 months before you get your L3+.

All the while the difficulty is rising and all of these other uninformed individuals who keep buying an L3+ for the purpose of profit, are going to be bitching here about Bitmain shortly after they hook it up. LTC for instance was sub 10 Terahashes when I ordered. I received it in Sept, LTC was a little over 10 Terahashes. We are now over 30 Terahashes. 3 2 months later. Do your research. Don't listen to this sub.

There are a ton of delusional and greedy people here. Not a good combination. There's money to be had in crypto. There's money to be had in mining. You missed the boat for the L3+.

Don't get sucked in to misinformation. Learn how the profitability of mining works.

Learn the trends. If you don't want to research and put in effort. Buy and hodl. If the value of LTC goes up, the amount of LTC you get paid out in is less. At 50$ per LTC, If you made 20$/day. You made.4 LTC.

At 150$ per LTC, at 20$/day. You made.1333 LTC. Transaction fees do not increase because a coins value increases. Edit: To clarify, if you're getting 20$/day.

And you get paid in LTC. You want LTC cheap as fuck because you're getting more LTC per payout.

More LTC per payout means more LTC being held by you. Mining is about leveraging what you mine and how you get paid out. This sub should be closer to a financial and technical thread. Instead, it's a bunch of teenage circle jerks about profit.

Who have no idea how to even figure out what they are truly making. • • • • • • •. I'm using USD as a standard form of value. Me saying.1867 LTC requires a date stamp of the value for it to mean anything. When you get paid out by prohash or Nicehash. You get paid in coins. Just like litecoinpool.org does.

On Nicehash and prohash, you can choose which coin you get paid out in. To an extent. If I were mining litecoinpool.org right now. I am looking at about 10-12$/day or.4.2 ish ltc. Almost double that if I use a multipool.

The multipool returns are also diminishing rapidly. Which isn't some unexpected phenomenon. We all knew it would happen, when and how fast was guess work. Now that it's happening there's so much denial going on. I suspect because most of these people don't have their miner(s) yet and admitting they fucked up is rough.

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