How To Mine Litecoin (LTC) With Your PC
Posted by 
April 25, 2013 •
Litecoin mining, is very similar to Bitcoin mining. All you need is a CPU / GPU miner tool and subscription to a mining pool. In this article we’ll show you the easiest, fastest and best method to mine Litecoin on your own. Let’s start with a brief introduction with Litecoin.
Litecoin, the most successful Bitcoin alternative, now has a total volume equivalent to about 38 million U.S. dollars. Litecoin is essentially based on the same software as the original Bitcoin system, they only make modifications to overcome issues with Bitcoin. Litecoin has the primary aim to be faster than Bitcoin. Litecoin uses a different hash algorithm for the creation of money and the confirmation of transactions. With Bitcoin transactions are signed every ten minutes on average, only then can one be sure payee that he has indeed received the money. Litecoin reduces this period down to about 2.5 minutes, thus making 4 times faster transactions.
Since Litecoin is a digital currency, you need to install a “Litecoin Wallet” on your PC. You can download your wallet client (Click Here) for Windows / Mac / Linux.
Note : The client must then synchronize all previous transactions, which may take a few hours or first.
Now back to Mining stuff, in early days CPU Mining was the main source to mine bitcoin / litecoins but the rise of GPU mining made CPU mining financially unwise. Nowadays most mining software dropped CPU Mining support. Next big thing after CPU is GPU a.k.a. your graphics card. GPU Mining is drastically faster and more efficient than CPU mining.
Following are the instructions to CPU / GPU mining of Litecoin (LTC) with your PC.
Requirements : A PC / Laptop with a decent graphics card / power supply / cooling system.
Step One : Download a miner software that supports GPU mining. We recommend you GUIMiner Scrypt, offers a graphical user interface and is very easy to use. GUIMiner scrypt supports AMD 5750 to AMD 7970 graphics card. In this tutorial we’ll use GUIMiner Scrypt.
Step Two : Solo mining is not really possible in today’s Difficulty, so you should join a pool (list of mining pools here). We recommend you to join Coinotron. Next you need to “My Account” to create a new worker: Register your workers and note down your credentials.
Step Three : Run GUIMiner, and configure the settings as given below.
- Host : coinotron.com
- Port : 3334
- Username : (your worker name )
- Password : (your password for worker)
- Device : Select your GPU
- Extra Flag : You can leave blank
- Work size : 256
- Vectors : 1
- threats : 1
Step Four : That’s it you are now mining litecoins, make sure to add your litecoin address and pay-out threshold amount in your pool account.
Also Check : How To Buy Bitcoins With PayPal, Credit Card.
Hi Vinay
I am mining litecoin and I am curious to know if you can mix different kind of AMD GPU on the same Motherboard?
My M/B has 3 PCI -x slot and I am already using 2 slot with 7979. I also have a 7870 and I wanted to know if I can plug in the 7870 in the 3rd PCI-x slot.
I am using Guiminer..
thanks for a reply
Yes! you can use third GPU, but don’t do crossfire with the pair. Install third GPU as independent.
Prit,
May I ask how many LTC per week you are mining just using 2 slots? TIA
Hi,
Where do I find this GUII miner script interface shown above? As it is your link…….. ((Step One : Download a miner software that supports GPU mining. We recommend you GUIMiner Scrypt, offers a graphical user interface and is very easy to use. GUIMiner scrypt supports AMD 5750 to AMD 7970 graphics card. In this tutorial we’ll use GUIMiner Scrypt)) ………. takes me to a download page that produces a GUIminer with less fields and automaticcally uses the CPU for mining not the GPU. I have a couple of GPU’s. The screen shot you show above should allow me to setup more than 1 GPU, no??? It is not in the link you specified.
Thanks,
newbie
Great tutorial! May I ask what payout threshold means?
Payout threshold is the amount you earn before it is payed in to your wallet.
For instance the miner might mine 10 Litecoins and then pass them into your pool account. If your pool payout threshold is 20 Litecoins for example then it shall not pay out to your wallet until 20 is reached.
Why can I only choose one of my cards when I have 2 7970’s crossfired?
I put in the settings as listed above, but when I click Start it says ‘Starting’ in the bottom right corner, then to the left it says “cgminer.exe:-thread-concurrency requires an argument”
What does this mean? Am I missing something? I’m a newbie.
hi, want ask got any different ” GUIMiner” and “GUIMiner Scrypt” ? also can mining LTC now?
I’m just getting started in mining, and I’ve downloaded GUIminer-scrypt program and a litecoin wallet to get started, but I have a Nvidia card. How do I get this set up to work using an Nvidia card. (And yes I know, ATI is better, but I’m working with what I have now ATM)
Also, Coinotron isn’t open for new members. How would we get set up on an alternate site?
using a hd 6850 and it just keeps saying connecting and never starts! previously had an hd 7770 on the same rig working fine, please help