cpuminer is a simple client program that performs Pooled Mining or solo mining. The program receives proposed block data from the server, for which it tries to guess a nonce value that will result in a valid block. If a block hash with at least 32 consecutive zero bits is found, the block data containing the guessed nonce value is sent back to the server. If used in Pooled Mining mode, this block is called a share because the server is supposed to credit the registered user s account, according to the number of shares that user has contributed, and eventually transfer an amount of bitcoins to the registered user s address. Communication with the server is done using HTTP POST requests on port 8332 by default, containing JSON-encoded data. For pooled mining, users are required to register on such servers (so as to give their Bitcoin address) and HTTP username:password authentication is required. For solo mining, the username/password is set in bitcoin.conf. The calculations areMining is the process of adding transaction records to Bitcoin s public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere. Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function. The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction feesThis page lists any tutorials that might be helpful to new miners. Debian Linux cryptocoin mining rig setup P2Pool mining guide Step by step guide to mining Litecoin for both GUIMiner/cgminer Help page at litecoinpool Litecoin Mining Made Easy - Various guides Litecoin Mining Guide CoinMiningRigs.com - Litecoin mining rig build guides for 2x, 4x, and 6x graphics card rigs CryptoBadger s guide - Part 1 - Hardware CryptoBadger s guide - Part 2 - Linux CryptoBadger s guide - Part 3 - Windows CryptoBadger s guide - Part 4 - Optimization How to pool mine litecoins with your CPU and GPU GUIMinerGUIMiner is a graphical frontend for mining Bitcoins, providing a convenient way to operate Bitcoin miners from a graphical interface. It supports both AMD and NVIDIA GPUs, as well as CPU mining. You can choose between pooled mining and solo mining - the software embeds a list of mining pools to choose from. Where can I download GUIMiner? You can download GUIMiner from the official GitHub repo . Can I use GUIMiner to mine Litecoin? In order to mine Litecoin, you have to use GUIMiner-scrypt . Where can I get news and updates about GUIMiner? Have a look at the official forum thread onStep 1: Litecoin LTC CPU mining At first I would like you to know that GPU mining can be a lot faster than CPU mining, if you have a decent [ ] Litecoin is not an alternative to Bitcoin, it s a supplement. But for GPU mining, it is an alternative casual users are going to have toLitecoin has seen some big gains lately. Within the last week of November, the price has skyrocketed for more than 400% and is now resting comfortably at around $30. 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. Litecoin runs on the network of users that employ it. Compared to Bitcoin where transaction confirmations takes 10 minutes, Litecoin has a faster confirmation time of 2.5 minutes. 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. Litecoin uses a scrypt based algorithm, unlike Bitcoin’s SHA-256.The scrypt algorithm is more reliant on memory, not processing efficiency. That is the reason those specialized hardwares developed for Bitcoin mining will not work with Litecoin and making CPU mining more effective. Litecoin mining guide – CPU mining BeforeThe other day, a friend of mine told me about how he has been playing the Litecoin market for weeks now, and was slowly growing his one Litecoin, into several by just playing on market volatility. I’m not a crypto-currency nut, but this did sound really fun, and low risk. I’m an IT Security Consultant, and cryptography has always interested me.
So, why not convert some of my electric bill into LTC and give it a shot? In the process of mining my single Litecoin, I learned a few lessons that I’ll share with you here. Why LItecoin? I’m sure by now you’ve all heard about Bitcoin. Litecoin is like the silver to Bitcoin’s gold. It’s worth substantially less, but it still has a healthy market surrounding it. Furthermore, because it’s much less popular the barrier to entry is substantially lower. I chose to play with Litecoin because of how highly specialised Bitcoin mining has become. The barrier to entry for Bitcoin is becoming too high for a project like this, Whereas, the LitecoinAt first I would like you to know that GPU mining can be a lot faster than CPU mining, if you have a decent GPU, especially an ATI/AMD GPU I advice you to go to the GPU mining guide here . This guide will show you how to get started with Litecoin CPU 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. However, for people which do want to mine solo I’ll leave the basics of solo mining in this guide and you can continue reading. If you want to do solo-mining you’ll need to have the Litecoin client installed and configured. You can download the Litecoin client here, if you are running windows look for the latest litecoin-x.x.xx-win32-setup.exe as this is the easiest way to install the.