Mining litecoins since October 21, 2011 New to Litecoin mining?Read our Beginner's Guide!Welcome to the first true pay-per-share (PPS) Litecoin pool.Some of our key features: Every valid share you submit to this pool is instantly credited to your account at the current pay-per-share (PPS) rate.This rate, expressed in litecoins, also takes into account merged-mined coins such as Dogecoin, resulting in higher payouts than a regular Litecoin pool.Thanks to merged mining, you have to pay no fee; in fact, your earnings may even be higher than with a 0-fee PPS system.This is not a PPLNS, SMPPS or RBPPS pool: we always pay for your work, even if the pool has not yet solved enough blocks to cover the earnings generated.On other systems, miners are only rewarded when and if a block matures, but sometimes blocks get orphaned from the Litecoin network, and therefore yield no reward.A PPS pool, on the other hand, takes on the risk of bad luck so you don't have to deal with variance and orphaned blocks.

was started shortly after the birth of Litecoin by Pooler, who is well known in the community as a member of the Litecoin core development team and for being the maintainer of the cpuminer software package.Since the very start, the pool used ad-hoc software: Pooler wrote the front end entirely from scratch, with security and efficiency in mind, while the mining back end was originally a heavily-modified version of Jeff Garzik's pushpool.After two weeks of intensive testing, on November 5, 2011 the pool opened its doors to the public, becoming the first PPS pool for Litecoin. also became the first pool to support variable-difficulty shares, a technique later dubbed “vardiff” by Bitcoin pools, allowing miners to drastically reduce their network bandwidth usage.Thanks to its advanced features and its reliability, the pool quickly attracted a very high number of miners, to the point that during the first half of 2012 it often constituted over 40% of the entire Litecoin network.

Due to centralization concerns, it was decided to temporarily close new registrations; later in 2012, registrations were reopened, but have since been subject to approval.In August 2013 the back-end software was completely redesigned and rewritten from scratch to implement advanced efficiency and scalability optimizations that Pooler devised after implementing support for the Stratum protocol in cpuminer. the first Litecoin pool based entirely on software written from scratch, and the first pool to implement extensions to the Stratum protocol such as “resume”, “suggest_difficulty” and “suggest_target”. also became the first Litecoin pool to offer secure mining over TLS-encrypted Stratum connections, protecting miners from potential man-in-the-middle attacks.We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool.In particular, many thanks go to (in alphabetical order): coblee, DeLorean731, Derringer, diki, g2x3k, Graet, guruvan, inlikeflynn, jgarzik, LittleDuke, piperitapatty, pontius, rTech, shawnp0wers, ssvb, terrytibbs, WKnight, Xurious.

Mining software Jump to: navigation, search This article contains an overview of useful Litecoin (scrypt) mining tools.Software Author Version (Date) Win Linux Description sgminer veox 4.1.0 (07.02.2014) Yes Yes cgminer 3.7.2 fork, continues GPU/scrypt mining, AMD GPUs only, Win64 Build cgminer Con Kolivas 4.2.3 (03.04.2014) Yes Yes 3.7.2 is the last version to support GPU/scrypt mining cpuminer pooler 2.3.3 (27.02.2014) Yes Yes Fastest CPU miner cudaMiner Christian Buchner (28.02.2014) Yes Yes Fastest miner for NVIDIA GPUs GUIMiner-scrypt tacotime 0.05 (13.03.2014) Yes No Provides a GUI for cgminer and cudaMiner; not recommended due to lack of back end transparency.bitcoin zinsBFGMiner Luke-Jr 3.10.0 (15.01.2014) Yes Yes CPU and GPU miner MultiMiner nwoolls 2.6.2 (04.02.2014) Yes Yes Provides a GUI for BFGMiner ScryptMiner GUI Matoking r10 (23.02.2012) Yes Yes GUI for cgminer, no longer maintained, NOT recommended!bitcoin withdrawal singapore

Reaper mtrlt 13 Beta 4 (13.04.2012) Yes Yes GPU miner, no longer maintained, NOT recommended!Litecoin BAMT - USB-bootable Linux distro designed specifically for scrypt mining SMOS Linux - USB-bootable Linux distro designed specifically for scrypt mining PiMP - USB-bootable Linux distro designed specifically for cryptocurrency mining CoinHub - USB-bootable Windows based OS Kopiemtu - 64-Bit Linux distro for Nvidia cards PHPMiner - Webinterface for cgminer/sgminer Linux PoolManager - Web based pool and miner manager for cgminer/sgminer CGWatcher - GUI/monitor for cgminer and BFGMinerbitcoin qt speedSo you've heard about Litecoin mining and you want to find out more.ethereum inr chartThis page is for you.bitcoin sweatshirt

See the Litecoin Association's introductory video to Litecoin.Just like its older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another.Litecoin is peer-to-peer and decentralized, meaning that it is not controlled by any single entity or government.The payment system does not handle physical currencies, like the dollar or the euro; instead, it uses its own unit of account, which is also called litecoin (symbol: Ł or LTC).sell bitcoin skrillThis is why you will often see Litecoin categorized as a virtual or digital currency.litecoin mining pool softwareLitecoins can be bought and sold for traditional money at a variety of exchanges available online.bitcoin mining intel i7If you already know Bitcoin, Litecoin is very similar, the two main differences being that it has faster confirmation times and it uses a different hashing algorithm.bitcoin sorte

Instead of having one central authority that secures and controls the money supply (like most governments do for their national currencies), Litecoin spreads this work across a network of “miners”.Miners assemble all new transactions appearing on the Litecoin network into large bundles called blocks, which collectively constitute an authoritative record of all transactions ever made, the blockchain.The way Litecoin makes sure there is only one blockchain is by making blocks really hard to produce.So instead of just being able to make blocks at will, miners have to produce a cryptographic hash of the block that meets certain criteria, and the only way to find one is to try computing many of them until you get lucky and find one that works.This process is referred to as hashing.The miner that successfully creates a block is rewarded with 25 freshly minted litecoins.Every few days, the difficulty of the criteria for the hash is adjusted based on how frequently blocks are appearing, so more competition between miners equals more work needed to find a block.

This network difficulty, so called because it is the same for all miners, can be quantified by a number; right now, it is 255,206.Litecoin mining can be profitable, but only under certain conditions.In the early days people could make a profit by mining with their CPUs and GPUs, but that is no more the case today.The introduction of specialized mining hardware (commonly referred to as ASICs), which can mine much faster and much more efficiently, has made finding blocks much harder with general-purpose hardware.If you compare the profitability analyses for a CPU, a GPU and an ASIC, you will see that the costs of CPU and GPU mining largely exceed the rewards, and even with free electricity the profits are so small that they are hardly worth the effort.Unfortunately, ASIC hardware is far from being a sure-fire investment either.Potential buyers should be extremely careful, as various elements should be considered: Most importantly: always do your own research, and never trust any single source of information.

Good starting points are LitecoinTalk.io and the /r/litecoin and /r/litecoinmining subreddits.Don't feel like investing in expensive hardware?Not everyone needs to be a miner.In fact, the easiest way to get started with Litecoin is to buy some at an exchange.As we've seen above, finding a block is very hard.Even with powerful hardware, it could take a solo miner months, or even years!This is why mining pools were invented: by sharing their processing power, miners can find blocks much faster.Pool users earn shares by submitting valid proofs of work, and are then rewarded according to the amount of work they contributed to solving a block.The reward systems used by mining pools can be roughly subdivided into two categories: proportional systems and pay-per-share systems.Choosing a mining pool can be a very personal decision, and several factors should be taken into consideration, including features, reliability, reputability, and user support.ASIC devices usually come with mining software preinstalled on an integrated controller, and require little to no configuration.