Bitcoin Forum

Other => Beginners & Help => Topic started by: DangerDav369 on May 05, 2013, 03:49:57 PM



Title: Mining LTC options
Post by: DangerDav369 on May 05, 2013, 03:49:57 PM
What is the best way to mine litecoins.. since they are scrypt can gpus mine them just like btc?


Title: Re: Mining LTC options
Post by: Rannasha on May 05, 2013, 03:56:32 PM
Use GPUs to mine LTC (or its scrypt-clones). You could use a CPU, but it's not worth the effort, since GPUs are just that much more effective.

cgminer (with the --scrypt flag) will do the trick for AMD cards, cudaminer for Nvidia cards.


Title: Re: Mining LTC options
Post by: Arcas on May 05, 2013, 03:57:28 PM
What is the best way to mine litecoins.. since they are scrypt can gpus mine them just like btc?
Yes, GPUs are still more effective than CPUs for scrypt mining. You can use a miner like cgminer to mine them, just enter your litecoin pool info.


Title: Re: Mining LTC options
Post by: baconcooledcomputer on May 05, 2013, 04:50:54 PM
GPUs are much faster and efficient. However, due to the nature of the scrypt algo, the gap between CPUs and GPUs should be smaller.


Title: Re: Mining LTC options
Post by: escrow.ms on May 05, 2013, 04:53:37 PM
GPU mining :)
 CPU mining is just a waste.


Title: Re: Mining LTC options
Post by: Deathwing on May 05, 2013, 04:54:30 PM
Get some GPU machine up and running or just buy BTC.


Title: Re: Mining LTC options
Post by: sharperknife on May 05, 2013, 05:27:07 PM
 Make sure you have a very powerful rig.


Title: Re: Mining LTC options
Post by: markyminer on May 05, 2013, 05:44:50 PM
What is the best way to mine litecoins.. since they are scrypt can gpus mine them just like btc?

Yes. FPGA and ASIC can't currently mine scrypt as it's very memory and energy/heat heavy. Personally I think AMD will always outpace scrypt FPGA and ASIC development just as byproduct of gaming on a $/k/h basis.

Some are looking now to develop FPGA's for scrypt but I think by the time they get it to market AMD will have HD 9000 series out with x4 the amount of shaders as now and 50% less power consumption.

M


Title: Re: Mining LTC options
Post by: jetset220 on May 05, 2013, 06:32:53 PM
can you walk into best buy and get everything you need to mine approx 2 btc's worth of coins per day?


Title: Re: Mining LTC options
Post by: baconcooledcomputer on May 05, 2013, 07:06:14 PM
can you walk into best buy and get everything you need to mine approx 2 btc's worth of coins per day?

If you call them and tell them to place a huge order ;-P


Title: Re: Mining LTC options
Post by: jetset220 on May 05, 2013, 07:08:24 PM
can you walk into best buy and get everything you need to mine approx 2 btc's worth of coins per day?

If you call them and tell them to place a huge order ;-P

how big and what units?


Title: Re: Mining LTC options
Post by: boor on May 05, 2013, 07:14:43 PM
gpu for sure.


Title: Re: Mining LTC options
Post by: clickme on May 05, 2013, 07:30:25 PM
can you walk into best buy and get everything you need to mine approx 2 btc's worth of coins per day?

Lots and lots and lots of GPU's, motherboards, cpu, psu's and ram


Title: Re: Mining LTC options
Post by: BitshireHashaway on May 05, 2013, 08:00:07 PM
GPUs are by far the best way to mine LTC coins. Compared to CPU, GPU is more efficient per watt and per dollar. Plus you can put 3+ GPU in a lower end but not to shabby motherboard, there are no lower end or even mid/high end mother boards I know of where you can put 3+ CPU, 2 seems to be the max for many, unless you start looking into servers and even there 2 is pretty close to the max.