Litecoin LTC Mining 101

Litecoin Cloud Mining 101. All of the above allows us to offer the best KHS/LTC. KHS stands for 'Kilohashes' and is associated with Litecoin mining. CoinWarz Litecoin mining calculator. Enter your mining rig's hash rate and the CoinWarz Litecoin calculator will use the current difficulty and exchange rate to. Dec 14, 2017 - Litecoin is peer-to-peer and decentralized, meaning it is not controlled by any entity or government. The payment system does not manage physical currencies, such as the dollar or the euro; instead, it uses its own unit of account, which is also called litecoin (symbol: £ or LTC). This is why you will often see.

Building an Ethereum mining rig is really like growing your own money tree. The rig will run and crank away and create wealth (in digital currency) while you sit back and reap the rewards. It takes a little tech savviness but anyone can learn how to build their own rigs. This guide will show you step-by-step instructions on how to easily build an Ethereum mining rig. What is Mining? Why Does Ethereum Need to be Mined?

Mining is the glue that holds Eethereum’s ‘decentralized app store’ together by ensuring that it comes to consensus on each change to any of the applications (dapps) running on the network. Essentially mining helps verify and validate transactions within Ethereum’s network. But what do miners get in return for doing all the heavy lifting? Ether reward coins. The catch is that mining tends to require more and more power over time, as more people invest in more powerful hardware.

This is called mining difficulty and increases exponentially with the number of people mining and competing for their Ether reward. So If that is the case why does everyone continue to mine? Doesn’t it become unprofitable? Yes in the sense that if difficulty gets too high, the number of Ether coins you get in reward doesn’t offset the cost of electricity and/or cooling. But usually, when that happens, people tend to stop mining or move to another coin. Once that happens, difficulty drops down and Ethereum becomes profitable again to mine. Another reason why people continue mining even when it’s unprofitable to mine Ethereum is because of their belief that Ethereum will be worth much more in the future.

Even though Ethers are worth around $300-$350 now, in 5 years they might be worth $3000-$3500. So even if mining now is unprofitable, the coins will rise in value as time goes on. How is an Ethereum Mining Rig Different From a Normal Computer?

Looks awesome right? A mining rig is made up the same components that go into normal desktop computer.

But there are a few differences. In a normal desktop computer, you kind of have a good balance between CPU, RAM, GPU, and HD. With gaming computers, you have higher clocked versions of CPU, loads of RAM, one or two GPUs and SDDs. With mining rigs, you want the lowest clocked CPU, bare minimum RAM, 5,6 or 7 GPUs and a very basic HD. Oh, and as you can see from the picture, you don’t want nor can you fit all those GPUs instead of a normal case.

You can use a nice custom made case as you see above or something cheap like a milk crate. Picking the Parts for an Ethereum Mining Rig Graphic Cards (GPUs) for Mining When it comes to picking GPUs, you want the select the best bang for the buck. You’re looking for something with high hash rate, low cost, and low power usage. You can start with as little as 1 GPU or as much as 7 GPUs within one rig.

Normally you see 5-6 in a mining rig as 7 is incredibly hard to make stable. The best balance is for the GPU to have a high hash rate (the speed which it can mine) with a low power consumption. Below are the best GPUs for mining Ethereum. Listed from best to worst considering hash rate and power consumption.

• – 33 MH/s using 200 watts. Mining solo, while sometimes more profitable, it’s usually not the right choice for most miners. When mining solo, you are doing all the work alone which means that you’ll receive the entire block reward, the problem is that mining is also based on a luck factor, which means that if your hashpower isn’t high enough, you may never see a reward come your way. With pool mining, however, this variance is eliminated and you receive payments that correspond to the portion of the work that you have done. Is an established smart-mining multipool that allows users to mine the most profitable cryptocurrency at the time. MinerGate allows users to mine coins through a smart-mining option ( auto switches to most profitable coin) or choosing your favorite cryptocurrency manually. Merged-mining is available for FCN and MCN, allowing you to mine two currencies at once without the loss of hashrate for the main coin.

If you didn’t want to use a smart-mining pool and wanted something more basic, then check out. What Kind Of Miner Are You? Now that you have all the information you need to start mining Ethereum, the sky is the limit on what type and how many rigs you have. Do you want to stick being a beginner or do you want to become a farmer?

🙂 Building mining rigs are computer nerd’s version of building a car. It is extremely satisfying and as we know rewarding. Make sure wherever you plan on running the mining rig to have enough air flow. GPUs running at 100% 24/7 generate a ton of heat!

This is the Link to the website cloud mining platform running by a group of mining industry experts committed to litecoin network growth and development. Our service allows you to start litecoin mining right away without any technical knowledge or hardware installation. We are working closely with hardware and software engineers around the globe to provide you with the most cost effective and profitable mining platform ever. Miner hardware manufacturing and hosting are carried within China mainland to lower deployment time and reduce associated costs and transaction expenses. Some hashing powers are distributed over several secure datacenters around the globe.

All of the above allows us to offer the best KHS/LTC price possible. Here is a short list of our key features: Market and Limit orders Automated KHS interest compounding (coming soon) 24/7 professional support Full featured trading API Instant LTC and KHS transfers via MARKETS.CX vouchers Secure datacenters in China mainland What is KHS or Kilohashes? KHS stands for 'Kilohashes' and is associated with Litecoin mining capacities. You can simply buy KHS at MARKETS.CX and start mining right away instead of purchasing expensive and hard-to-maintain equipment and wait ages for it to arrive. Our professional engineers will do all the work for you.

We will produce and maintain all the hashing power in our state-of-art data centers in China.. You will also be able to sell your KHS for the price set up by current market conditions at any time. What kind of equipment is used for supplying hashing power capacities?

Mainly, we use the latest ASICs from Gridseed as the baseline for our mining hardware. Do you offer redeem hardware option? It may take up to 25 days for your hardware to be dissolved from our datacenter and delivered right to your door via EMS express.