How to Mine Litecoins Part III

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How to Mine Litecoins Part III

How to Mine Litecoins Part III

Welcome back readers to the final installment of our three part series of mining Litecoins. In our first two articles, we discussed the software used for mining Litecoins and the difference between solo and pool mining, respectively. In this final and crucial article, we will discuss the equipment needed to mine this crypto-currency.

ForexMinute.com – It has been always said that any computer can mine crypto currencies but all what matters is the timeframe they need to generate them. It is obviously not a good idea to rely on an average machine to work continuously for more than 100 days, provided no disruptions in electricity and internet connection, to mine a single block of a crypto-currency, Litecoin in this case.

Maybe this is why, developers and manufacturers have always tried to find the better methods to mine Litecoins. Companies today have generated enough equipment that are excellent in terms of performance and power consumption. We are talking about those stealth-like graphic cards that are able to deliver higher efficiency by taking into use the adequate computer units to mine Litecoins.

The mining process surely see better results if done using special graphic card processors and cards. However, most of the miners prefer to use the former over the latter. For example, if you buy an Intel Xeon E5-1650, as well as an AMD Radeon R9 290X, the latter will give you better and fast results for both solo and pool mining.
So you may understand the context in which you must make a purchase of a graphic card or processor. You may buy any graphic card out there as they are almost made on similar pattern, i.e. for gaming purpose. Although, AMD Graphic cards turns out to be the only better alternatives when you have to use your graphic card for making digital money, the Litecoin.

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The reason why AMD cards are highly efficient in mining Litecoins is their compatibility with the Scrypt algorithm, on which the Litecoin is made. Scrypt is perfectly operated by the proper instruction set OpenCL – an open computing language developed by AMD. If you still want to believe in using NVidia cards, you must know they run on CUDA instruction, which doesn’t go well with the Litecoin block generation procedures (with no offense to NVidia of course. They are still great for gaming purpose).

So despite of using your existing PC configuration to mine Litecoins, we recommend that you build an altogether different machine to do it.

Building a Litecoin Mining Machine Yourself

First of all, purchase the best Litecoin Mining hardware available out there. We personally will recommend anything from the AMD Radeon series. These cards wont consumer much power and yet will deliver you with fruitful results. At full load, they will be likely to consumer power between 180 and 200 Watts. We recommend you further not to add components that increases your power consumption further, as it will surely going to cost you much more in terms of power bills.

You must add a motherboard, a processor, the RAM and a compatible operating system. You don’t have to spend too much on processor though, as even the cheaper one will do fine. But for motherboard, try to buy a model which has 4-port PCI-express (although 1X will also do just fine).

If you are planning to add around four graphic cards (which is the maximum you can add), we recommend Tablecloth PCI-express. This motherboard will cool down your system instantly. Meanwhile, you can use a normal RAM of 2 to 4 GB. As per the secondary memory, you can even use a USB on Linux, but a hard disk is mandatory in case you are operating on Windows system.

We recommend you not to buy the cabinets as they hold the heat, leading your system to shut abruptly.

Upon setting up your machine for mining Litecoin, install the software we recommended in our first installment, choose you method of mining as we suggested in second one, and keep mining the world’s next best digital currency Litecoin right at your homes.

Thanks for staying with us.

To contact the reporter of the story: Jonathan Millet at john@forexminute.com