Altcoins to watch for 2018 ark vertcoin cardano litecoin
18 comments
Bitcoinqt change blockchain location voiture
Because all it takes is some spare change to capitalize on the stock opportunity of a lifetime: If you make the right moves, you could find yourself jumping for joy on top of an enormous pile of cash.
Ready or not, a growing number of economies, banks, and billionaires are backing these new forms of tender. So sign up for your report below and see whether jumping on this moon-bound rocket is right for you. By submitting your email address, you'll receive a free subscription to Strategic Tech Investor and Money Morning's daily investment newsletter, justcoin litecoin mining. These newsletters are completely free - and always will be. You will also receive occasional offers about products and services available to you from Money Map Press and our affiliates.
Justcoin litecoin mining can unsubscribe at any time. If you'd like to know more details, here is our privacy policy. While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC. For the most part, cryptocurrencies employ either SHA or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt.
Scrypt tends to be the more memory intensive of the two — however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with — yet.
This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend. Before you start mining, you will need a wallet to keep your hard-earned coins in see our guide to storing bitcoin.
A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit. The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin's entire block chain downloads.
Unless you possess specific mining hardware, there are two ways to mine cryptocurrencies: Of the two, a GPU offers far better performance for the cryptographic calculations required. However, if you are making your first foray into mining and don't possess a souped-up gaming computer — a laptop with Intel integrated graphics, perhaps — it will still be possible to mine those altcoins, but at a far slower rate.
The catch with GPU mining is that it requires a dedicated graphics processor, such as you may have fitted inside your desktop PC — the Intel integrated graphics cards found in most laptops are just not suitable for the task. To keep speeds up to a respectable level, most altcoin miners build dedicated machines using motherboards that can house multiple graphics cards, usually via riser cables.
Be aware, too, that mining digital coins is very system intensive and can reduce the lifespan of your electronic components. It's a good idea to make sure you have adequate cooling in place, keep an eye on those temperatures and keep hold of any warranties — just in case.
Mining can either be a solitary venture or you can join a mining 'pool', where a number of people combine their processing resources and all take a share of the rewards. It can be helpful to think of mining pools as joining a lottery syndicate — the pros and cons are exactly the same. Going solo means you get to keep the full rewards of your efforts, but accepting reduced odds of being successful. Conversely, joining a pool means that the members, as a whole, will have a much larger chance of solving a block, but the reward will be split between all pool members, based on the number of 'shares' earned.
If you are thinking of going it alone, it's worth noting that configuring your software for solo mining can be more complicated than with a pool, and beginners would probably be better off taking the latter route.
This option also creates a steadier stream of income, even if each payment is modest compared to the full block reward. A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer. For the purposes of this guide, though, we are making the assumption that you are using the Windows OS. First, download the appropriate file for your operating system. The zip file can be extracted to anywhere on your hard drive, as long as you remember where it went.
A good idea would be to create a 'cpuminer' folder on your desktop. So, how to set up cpuminer with the parameters needed for your mining pool? Well, it's usually simplest to write a one-line script known as a 'batch file' in Windows to launch the miner with the correct instructions. Now, open Notepad or your preferred text editor. Do not , however, use a word processor such as MS Word. Next, enter the script using the following formula note that this method assumes you are mining a currency that uses the scrypt algorithm:.
Once the batch file is saved, double click it to activate the miner program. Your mining pool will most likely have a web-based interface and, within a few minutes, the website should show that your mining worker is active.
For those that intend to mine with GPUs, or USB mining devices, cgminer is the program to use and can be downloaded from the developer's website — unless, that is, you're a Mac user, in which case you will find some unofficial binaries here.
Versions of cgminer following version 3. Therefore, the latest version isn't necessarily the one to download. Instead, seek out the version appropriate for your needs. Again, in this example, we are making the assumption that you are using the Windows OS. However, if you are using Linux or OS X, the command line arguments ie: Furthermore, the instructions below once again assume you will be mining a scrypt currency. Next, press the Windows key together with the "R" key, type in "cmd", and press "enter".
This will open the command terminal. Use the "cd" command to change the directory to the one housing the cgminer zip file. Then, type in "cgminer. This will list all recognised devices on your PC. If your graphics card is detected, you should be good to go.
If not, you'll have research the steps required to properly set up your specific graphics card. Now we'll make a batch file again, in order to start cgminer up with the correct parameters. In this case, the command structure is:. Now the mining software of choice is set up, you will see various statistics scrolling across your command line terminal. If you are using cgminer, you will see more information than you would with cpuminer.
In the case of the former, you will see information about the currency and the mining pool, as well as about your mining hardware. If you're running cpuminer, you will only see references to blocks that your PC has solved; although, it does, at least, show your hashing speed. Good news for miners who own PCs with dedicated graphics cards: To make this possible, add a "-- threads n" argument to the minerd command. Here, "n" stands for the number of CPU cores that you wish to employ for mining. Remember to leave one or two cores free to control your GPUs, though.
For example, if you have a quad core CPU, try setting the "--threads" argument to "2" or "3". Compare the hash rates shown in the terminal windows for each of your mining programs and you should see at least a five-times difference in hashing speed. Where can I buy Litecoins in Canada? For other gateways, like JustCoin, How to test your Litecoin mining hash rate?
Do you think you've got what it takes to join the tough world of cryptocurrency mining? Search through your coat pockets… behind the sofa cushions… the glove compartment of your car.
And the only time to buy is now. Wallets at the ready Before you start mining, you will need a wallet to keep your hard-earned coins in see our guide to storing bitcoin. The need for speed Unless you possess specific mining hardware, there are two ways to mine cryptocurrencies: Solo, or with the crowd?
Installing your CPU miner A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer. Writing your script So, how to set up cpuminer with the parameters needed for your mining pool? To do this you will need the following: The full path of the directory in which the mining program "minerd.
The 'stratum' URL of your mining pool server eg: The port number of your mining server eg: Your mining pool username eg: Your worker name or number eg: Your worker password eg: Next, enter the script using the following formula note that this method assumes you are mining a currency that uses the scrypt algorithm: Setting up your GPU miner For those that intend to mine with GPUs, or USB mining devices, cgminer is the program to use and can be downloaded from the developer's website — unless, that is, you're a Mac user, in which case you will find some unofficial binaries here.
Extract the software into a folder that can easily be found, eg: Before going any further, make sure that your graphics drivers are up to date. You will now need your mining pool details, just as with the CPU mining section above: In this case, the command structure is: Start "path" cgminer -- scrypt -o URL: Maximising your power Good news for miners who own PCs with dedicated graphics cards: It's a decentralized digital currency Why Use Bitcoin? Bitcoin addresses and private keys Is Bitcoin Legal?
The current regulation around bitcoin Who is Satoshi Nakamoto? What are pools how and how to join them?