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[Q] Is it still possible for someone with a decent GPU to mine Litecoin with a profit?

Hey guys,
So I recently started reading into the whole cryptocurrency thing, and thought I might give it a try.
Now bitcoin is obviously not an option anymore for someone with no dedicated gear for mining, but it seems Litecoin might still be.
What I have : Desktop PC with 4th gen core i5 CPU, AMD 270X GPU, and 8 GB or RAM.
Electricity in my country is fairly cheap, and I think it will not be a problem.
Is it worth it to start mining? pool or solo?
In addition - I've looked into some guides about starting and read about cgminer and guiminer. But it seems the guide was pretty outdated, so I would like to ask if there are guides you recommend for a starting miner to read, that are still relevant today.
Thanks!
submitted by ThatIsaac to litecoin [link] [comments]

Informative post about Feathercoin

Seeing how this Subreddit is lacking any sort of info on Feathercoins and the lack of community support we have, I have decided to start a post that would inform newbies about Feathercoin and seasoned vets on the best places to trade.
Feathercoin:
It is a Crypto Currency that was started by Peter Bushnell. It is a clone of Litecoin (This coin was inspired by Bitcoin). The Feathercoin network generates coins at a decreasing rate. It will generate about 336 million coins which is 16 times more than that of Bitcoin and 4 times more than that of Litecoin. Currently about 25 million coins have been generated.
Network hashrates, Pools, Solo mining:
Currently a mid end system comprising of 7870 or 7970 will get you abot 400 to 700 kh/s. That means that in a given day you will be mining about 7 to 13 Feathercoins on current difficulty level. However If you mine alone that is solo mining, the probability of you finding a block is hard and it may take a while before you make a coin. To counter this people have started making pools to increase the chances of finding blocks. There are many pools that allow you to have multiple workers so you can setup multiple systems and mine at your leisure. Currently some of the popular pools are:
http://www.fcpool.com/
http://give-me-coins.com/
http://www.wemineftc.com/
http://fc.ltcoin.net/
https://ftc.d2.cc/
For a full list of mining pools: http://coinpools.sdfg.org/ftc
It is highly recommended to join a pool to make mining profitable. Look at the pools posted above, look at their fee structure, their payout and make an informed decision on which pool to join.
Hardware and Mining:
Feathercoin utilizes scrypt based mining that is you can use your GPU (the Graphics card inside your system) to mine them. AMD Cards are highly recommended as they output higher hashrates as compared to Nvidia. To give you an idea of the difference a 7870 ghz edition mines at about 375 kh/s whereas a Nvidia 780ti would mine at about 224 to 300 kh/s. If you are seriously considering in investing in this venture it would be best to buy a rig that supports 6 GPU's and buy either the 7950 or the 280x as they have considerably higher hash rates and are affordable to say the least. Something one should be aware of is that mining produces a lot of heat as your system is basically running at full capacity and therefore needs a lot of cooling. People usually build rigs in the open (no case) and use household fans to cool them. Also another thing that is common is to use PCIe risers as they allow greater spacing between GPU cards and effectively help in dissipating heat. Mining uses a lot of electricity so it is best to use a schedule to mine or if electricity is cheap then 6 7950's running 24 hours a day would cost you about 12 to 18 dollars in electricity a month, maybe more depending on where you live. The software to use for mining are Cgminer (https://litecointalk.org/index.php?topic=6925.0), guiminer scrypt (http://forum.feathercoin.com/index.php?topic=961.0) and cudaminer for Nvidia cards. I would advise against Cpu mining as that is not profitable and will simply weigh you down. Invest 250 to 350 dollars in a good AMD GPU and you will be mining much more effectively.
Trading:
There are many places where one can trade Feathercoins but only a few of them offer FTC/USD exchange. Btc-e (https://btc-e.com/exchange/ftc_btc). Is one of the biggest cryptocoin trading exchanges, it does not offer USD exchange for Feathercoins as of yet but allows you to exchange for Bitcoins. Crypto-trade (https://www.crypto-trade.com/trade/ftc_btc), this trading exchange allows you to trade against the USD making it more favourable to miners however there is currently a lack of volume for FTC as of writing. Other exchanges like Cryptsy, Bter and coins-e are all good but they are heavily dependent on Bitcoins and Litecoins for now.
My thoughts
Feathercoin is fairly new and its gaining momentum, once big exchanges start listing it against the USD, the venture will become more profitable. For now it is advisable to mine as many as you can and sit on them till value improves or if you have a mining rig that is mining at 22000 kh/s (this will get you about 500 feathercoins a day) then mine the shit out of them and trade them for Btc for profit although I would recommend against this as it it reduces the value of feathercoin. Many exchanges allow you to deposit money via international wire transfers however the minimum is 2000 dollars so keep that in mind before investing real money into this venture. There are alternatives like paypal and okpay that are also accepted but not a lot of people have accounts on those so signup for a website that suits your situation.
One last ting we all need to do is spread awareness about Feathercoin, It is a miners coin and the difficulty right now makes it so much more interesting to mine. I will update this page with more information and will answer questions if any to the best of my knowledge. Happy mining
My FTC wallet deposit thingy address : 6v1VuL41xGuLG1Bd8usJsuUEkZyac8jKbe
EDIT : I realized some of you might have NVIDIA GPU's and are hesitant on getting AMD. Never fear for there is a solution. If you have a motherboard that supports two or more GPU's that is you have more than one PCIe slots than follow these instructions:
If you intend to game on your system while you are mining then put the NVIDIA card in PCI slot one and buy an AMD card and put it in slot 2. Now install the drivers in the order Nvidia first reboot and then Amd second reboot. You do not need to plug in HDMI to your AMD card just leave it as it is. Now download gpu miner scrypt and select from the list your AMD card and start mining, its that easy. At night if you want to squeeze in more kh/s then run cudaminer and let it mine alongside your AMD. The best part about this is that you can be mining 24/7 on your AMD card and you will not experience any system slow down while gaming or watching movies. Remember to have atleast two workers workers created so you can mine parallel. If you already have an NVIDIA card then just install your AMD card and install AMD drivers and reboot and run guiminer scrypt. At times you might run into the issue of guiminer not starting, just delete it and re install it and it should work fine in 98% of the cases. This is for those who do not want to invest in a completely new system and would rather use their existing system. You can use cgminer as well but remember the order in cgminer starts from 0 not 1 so if NVIDIA is in slot 1 then it is -d0 -g0 and AMD will be -d1 -g1
submitted by motherlode1 to FeatherCOin [link] [comments]

Extreme newb here, wondering why my gpu hashrates are so slow?

With the recent boom in bitcoin I wanted to learn more about it by mining solo on my PC just for a fun experiment. My graphics card is a Geforce GTS250. I realize this is diddly-squat compared to any reasonable mining rig but I just wanted to try as a test. I know that in all probability I will never find a block but just the small 'lottery' appeal of finding a solo mined block is enough for me to test it out
So I setup a bitcoin wallet and downloaded GUIMiner. So far I have been able to launch bitcoin QT as a server and start mining on GUIMiner as a solo miner using my GTS250 as the device.
https://en.bitcoin.it/wiki/Mining_hardware_comparison lists my card as being able to get 35Mhash, but on GUIMiner it says I am getting 650khash. I was wondering if anybody could tell me why there is such a big difference in those two numbers? Is there some important setting that I do not have correct? Sorry for the newbie questions but any help would be appreciated!
submitted by 703rd to BitcoinMining [link] [comments]

New to mining, need some advice

Hey guys, I've been following Bitcoin for a while now and have finally decided to get into it. I have set up a Bitcoin wallet using Bitcoin-Qt, and am now interested in mining. I will be mining with an nVidia GTX780. I know that mining with a graphics card is no longer a viable option for profit (especially using an nVida card) and that most miners are using specialized dedicated hardware, however I am not concerned about this because:
  1. I am doing this to learn about mining, not to earn money.
  2. In my current setup I am not paying for electricity/internet/hardware/etc. Technically a single µBitcoin would be a profit for me, but again I am treating this more as a learning experiance.
  3. I do not wish to spend any money on hardware upgrades at this time.
Current Specs:
I have several questions on how to best utilize my setup. I want to be able to mine efficiently, yet at the same time I would like to use my computer for other things. To that end:
  1. Is it possible to pause a mining operation in order to do something else, and then resume it at a later time without losing data?
  2. Would it be better to solo mine or pool mine? I am guessing that pool mining will be better in the long run, but would it hurt to solo mine for now?
  3. What is the best mining tool for me? I currently have GUIMiner, but I have seen a few other tools as well.
  4. OpenCL vs CUDA. what's the differance between the two?
Hopefully someone can assist me in this. Sorry if some of my questions are a bit n00bish, but I feel like I am drowning in a wealth of information and I don't know what is relevant or not to my needs.
submitted by Lets_Go_Exploring to BitcoinMining [link] [comments]

newbie questions, long polls, & basic stuff

I'm doing pool mining with poclbm-mod, and my effective rate was 33% with a Geforce 8800. My dual core cpu was pegging one core, so I boosted my core 2 from 2.5 to 2.7, and my gpu from 670 to 700, and I'm now at 57%... shouldn't I be doing better?
Also, I did around a week of mining, and so far I've only gotten one third of a coin... Is that normal for a geforce 8800?
Should I be using a better program? Should I be solo mining?
Also, I'd like to figure out a way to exchange bitcoins for dollars. I have paypal, but I don't like using it, and it's only attached to a credit card. What are my options?
Also, this is probably too complicated a question, but how hard is it to write a bitcoin client? Are the hasing equations that complicated?
Thanks
edit I get 31,500khashes from rpcminder-cuda. Will go on to try daemon, and guiminer.
submitted by badriver to Bitcoin [link] [comments]

GUIMiner Solo CPU only Not Working

Hi guys! I'm doing a proof of concept for a friend for bitcoin and am trying to mine with CPU only with GUIMiner and the CPU process won't start. Any inputs on a good tutorial site?
Again no pool, just solo CPU only.
Thanks!
submitted by Y_U_NO_LEARN to BitcoinMining [link] [comments]

tutorial: Bitcoin mining with CGMiner - YouTube BitcoinSOV Windows Solo Miner Setup Tutorial Mining Bitcoin with Excel - YouTube How to mine Litecoin on NetcodePool.org - Setup worker on Pool - GUIminer CGMiner Solo Mining Bitcoin With A GekkoScience 2PAC ...

Bitcoin Solo Mining Faq - Invertir En Bitcoin Canada. Bitcoin solo mining faq - Invertir en bitcoin canada Have enough hash power to do without a pool. What is Solo Mining How it Works for the miners in the bitcoin. 1 Goto Start> All Programs> Speedcoin Wallet and open Speedcoin Config File. Bitcoin solo mining faq. How to Mine Bitcoin on a Mac Computer Skills Envato Tuts+ Jun 30 What are the ... GUIMiner Bitcoins werden nicht wie Geld gedruckt, sondern durch Mining generiert. Dabei laufen kryptografische Prozesse auf Ihrem PC. Das funktioniert grundsätzlich auf jedem PC. Um in ... Bitcoin-Mining-Pools sind Gruppen von Bitcoin-Minern, die kooperieren, um einen Block zu lösen, und sich den Ertrag teilen. Ohne Bitcoin-Mining-Pool schürfen Sie möglicherweise über ein Jahr lang Bitcoins und verdienen keine einzige Bitcoin. Es ist weitaus angenehmer, sich die Arbeit zu teilen und den Ertrag unter einer deutlich größeren Gruppe von Bitcoin-Minern aufzuteilen. Hier einige ... Fazit zum Mining von Bitcoin. Wenn Sie am Mining von Bitcoin interessiert sind, kann das auf lange Sicht eine sich lohnende Entscheidung sein. Sie haben die Wahl zwischen Mining mit eigener Hardware oder im Pool oder durch Cloud-Mining.Beide haben ihre Vor- und Nachteile gegenüber den Bitcoin Kauf.Grundsätzlich profitieren Sie als Miner von steigenden und stagnierenden Kursen und damit ... GUI Miner 20121203 - kostenloses Miningtool - generieren Sie Bitcoins jetzt einfach von zu Hause

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tutorial: Bitcoin mining with CGMiner - YouTube

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