I found some guides online which I read up and eventually followed. It seams as long as you have some sort of gaming or decent performance ATI graphics card (nVidia does not perform as well, there is a whole article about this topic alone), and a computer for it to run in. Then you could probably switch it to mine mode when your not using it. Like when your sleeping (if the noisey pc is not around) or at work, on holiday, out at parties.. you get the idea.
I have an old crusty (but still working) ATI Radeon 4850 x2. You can see it near the beginning of this chart (which means its at the bottom and performs poorly). Chances are, if you have a gaming rig, then you probably have a better graphics card than me. =)
Mining Hardware Comparison
You will need to set some things up
- Download the Lite Coin wallet
- Make Catalyst Software installed
- Latest GFX card drivers installed
- Get yourself CgMiner or GUIminer-Scrypt
- Join a network, setup your worker, then start mining
Pretty much. I did all this stuff, and found the card performing ok. It was outputting 107 kh/s.
I also joined a network in the US (vegas). I didn't realise this at the time, but latency affects your successful processing (or mining). You want more successsful attempts without any loses. I was averaging 1/5 loss/success ratio.
You can also tweak the settings. This can allow for larger output. I ended up fiddling around with overclocking and tweaking numbers. I have 2x GPU on my card, so was able to setup 2 miners eventually both running at 107 each. I managed to get higher output, but it was not as stable and kept overheating.
Can be fun to experiment seeing how much you can push the boundaries. Or just run as standard. Either way your mining right?
OK so my workmate (who also told me to start LiteCoin mining) also pointed me at a new Mining network with a Melbourne server. Great for lower latency which means better performance, and more lite coin mining (and they have a very nice interface).
This team is called LTC Rabbit. Worth a looksie if your mining from New Zealand/Australia.
If your interested in having a tinker here are some useful articles. =)
- A Beginners Guide to Mining
- A newer guide - has some good points here also
- Lite Coin website - get your digital wallet here
- Hardware Comparison Guide - you can find some numbers from this page for setup
- Mining Pool Comparison - list of mining pools you can join
- LTC Rabbit - recommended mining network for NZ/OZ
- Tweaking your numbers - learn how to get more kh/s out of your card
- Keeping your Lite Coins safe - ** important **
Well I hope this inspires some of your to take advantage of this new potential cryptocurrency. If anyone goes crazy and makes a massive rig (or has something crazy in place already). I would love to see, hear about it =)
Now I think about it, there must be a forum on this already in here.
Other related posts:
More Crypto - Social currency? Redd Coins
Comment by DravidDavid, on 5-Feb-2014 08:59
I was looking in to Bitcoin trading when it was $30.00 per coin...Boy am I sorry I didn't start then! I missed out on a house deposit!
I will definitely be looking in to this.
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