#Cpu vs gpu mining litecoin full#
#Cpu vs gpu mining litecoin windows#

There are versions for Windows and Linux, and it supports both AMD and Nvidia GPUs. If you use its open-source Nanominer software, you simply give it your wallet address and launch it. Well, really there isnвЂ™t really any joining, per se. In exchange, you get a share of the proceeds from a large number of miners, rather than relying on your own probably meager chance of mining an entire coin on your own.ДЇor my experiment, I joined Nanopool. TheyвЂ™ll take a fee, but often that is only 1 percent. Unless you have a large number of GPUs to put to work, youвЂ™ll probably still want to join a mining pool. Now, if you have an account at a cryptocurrency exchange that accepts ETH, like Coinbase, you can just use your wallet address from that account with mining pool software.

#Cpu vs gpu mining litecoin full#

When I first wrote about mining BTC years ago, you needed to have a full node on the network, your own wallet, and probably establish yourself with a mining pool. Mining Ethereum (ETH) Using Desktop GPUsДЄssuming you have or can find a decent discrete GPU - or ideally, more than one - itвЂ™s incredibly easy to get started mining Ethereum. There are plenty of other coins that you can still mine, that on any given day might be a little more or a little less profitable, but these two are a good place to start. In a different vein, the newly-released Chia coins rely on what they call plotting and farming, which are dominated by storage requirements. Ethereum has an algorithm designed to prevent an ASIC from taking over, with the result that GPUs can dominate its production. In particular, there are two coins I find of interest because they have broad support and can be mined with consumer hardware.

Perhaps fortunately, the вЂњBitcoin bubbleвЂќ quickly expanded past BTC. So I donвЂ™t see any way for mere mortals to participate, although if any of our readers are still making it work for them let us know in the comments. The largest has over $300,000,000 worth of ASIC-powered computers. ItвЂ™s for those who are looking to see if they can generate some cash without too much effort, or are just curious about mining, using gear they might already own or can get off-the-shelf.Д«itcoin mining is dominated by inconceivably huge mining facilities. Note that this is definitely not a guide for devotees who are planning to build custom rigs for mining. WeвЂ™ll cover how you can get started mining (and in the case of Chia, farming) using hardware you may already have, or in theory can buy at retail, and provide our recent real-life experiences earning some hard cash from GPUs, CPUs, and drives. If youвЂ™re new to cryptocurrency mining, the good news is that the game isnвЂ™t completely over.

Or maybe youвЂ™re curious about whether all those hard drives youвЂ™ve got in your closet can earn you some cash via Chia. But maybe youвЂ™ve scored a cool-new GPU in the Newegg lottery or just happen to have one lying around. If youвЂ™re a Bitcoin (BTC) mining veteran, sulking over how zillion-dollar, ASIC-based data centers have stolen the spotlight, youвЂ™re probably already well into alternative coins.