WaterTrooper (OP)
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Activity: 60
Merit: 10
LOOKCOIN
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October 17, 2012, 10:21:47 AM |
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Does anyone here know of a place where I can find out if I should try to solo mine for LTC while I'm waiting for my BFL setup?
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BitcoinOxygen
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October 17, 2012, 12:39:19 PM |
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Does anyone here know of a place where I can find out if I should try to solo mine for LTC while I'm waiting for my BFL setup?
why solo mine? |
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WaterTrooper (OP)
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Activity: 60
Merit: 10
LOOKCOIN
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October 17, 2012, 03:30:08 PM |
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Does anyone here know of a place where I can find out if I should try to solo mine for LTC while I'm waiting for my BFL setup?
why solo mine? If I can solo mine and get 1 LTC in a week or so that is cool, I think. |
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cambda
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October 17, 2012, 05:16:30 PM |
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If I can solo mine and get 1 LTC in a week or so that is cool, I think.
If you solo mine, you can only get 50 LTC (+transaction fees) if you find the block, at your expected rate it would take in average one year. It means you can wait many months (or few years if your unlucky  ) for the 50 LTC If you join a pool you will get periodic small payments. To get some free LTC try this faucet http://faucet.litecoin.net/ |
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Bia Yao Ma
Newbie
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Activity: 37
Merit: 0
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October 17, 2012, 06:05:47 PM |
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Taking big risk with lite coin. No evidence it will catch on like bit. Risks can sometimes pay off handsomely, but do not depend on this being profitable.
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questionstorm
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October 17, 2012, 08:14:18 PM |
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The LiteCoin client itself makes you able to solo (cpu?)mine. Click the "Mining" tab, and you'll see.......
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Bia Yao Ma
Newbie
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Activity: 37
Merit: 0
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October 17, 2012, 08:38:09 PM |
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The LiteCoin client itself makes you able to solo (cpu?)mine. Click the "Mining" tab, and you'll see.......
So does bitcoin right? However you will never solve a block yourself. I would assume this is the same with litecoin, depending on how much hash power is currently going into mining them. Doubt that they are that new that you will solve blocks on your own through the client, but I may be incorrect. |
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cambda
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October 18, 2012, 11:40:45 AM |
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The LiteCoin client itself makes you able to solo (cpu?)mine. Click the "Mining" tab, and you'll see.......
So does bitcoin right? However you will never solve a block yourself. I would assume this is the same with litecoin, depending on how much hash power is currently going into mining them. Doubt that they are that new that you will solve blocks on your own through the client, but I may be incorrect. You are incorrect. If you have good connectivity, not much difference. The mining tab is very slow, you have to run standalone app for this job. For CPU mining you may try https://github.com/pooler/cpuminer/downloads |
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jl2035
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October 18, 2012, 09:34:50 PM |
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so how much is this LTC comparing it to $, € or BTC ?
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techmix
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Activity: 15
Merit: 0
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October 19, 2012, 08:02:20 AM |
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so how much is this LTC comparing it to $, € or BTC ?
Currently it's worth around 0.08 dollar per coin. you can check it here: http://btc-e.com/ |
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qukkM
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October 19, 2012, 04:19:04 PM |
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One LTC is currently worth about 0.007 BTC. Btc-e.com is a good place to track LTC value against BTC or USD$. This is almost rhe highest it has been, it did reach 0.008 earlier in the week but has fallen since then. It started the week closer to 0.003 though so good gains. I turned 5BTC into 6BTC by trading LTC this week.
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jl2035
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November 13, 2012, 12:33:02 AM |
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cool website...
yeah I should really look into LTC...
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