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My previous series of articles on crypto-currency covered Bitcoin mining on OS X. This series will focus on mining Litecoins. What is Litecoin you may ask? Litecoin is a fork of the Bitcoin project with three important changes:. While SHA benefits from massive, parallel processing, Scrypt is built to be very memory-intensive. This means that, for the time being, mining Litecoins using your CPU which is no longer profitable with Bitcoin is still possible. With the Litecoin wallet you can actually mine from within the UI.
However, as Litecoin CPU mining is generally done within the wallet application though it can be done at the command-line , I want to make two things clear. First , encrypt your wallet. The same thing goes for your Bitcoin wallet. As stated above, the Litecoin wallet UI is capable of showing and controlling mining. While the Litecoin wallet has built in support for solo mining, pooled mining requires another download see my first article for a brief overview of mining pools.
The download is from a project called cpuminer. This makes it possible to use the pooled miner from within the Litecoin wallet. The Mining tab has been removed from the Lightcoin-QT wallet. Skip down a couple of paragraphs for details on mining from the command-line. Switch to the Mining tab in Litecoin-QT. Change the Type to Pool Mining. Set the Threads value to the number of cores you have double that if you have Hyper-threading.
You can leave the Scantime value. For the Server, Port, Username and Password, enter your mining pool information. Using P2Pool mining pools is fairly popular with Litecoin. You can use p2pool. The Litecoin-QT UI will display the output from minerd and a running total of accepted and rejected shares, as well as average hashes-per-second. While mining from within the app is nice as it gives you running totals, you can just as easily mine from the command-line with the following command:.
The command line gives me a bit more info: Any ideas on what might be going wrong? You could try using Homebrew to install libidn if you do not have it. Had you had MacPorts installed at any point? That post sent me in the right direction — thanks! Turns out I was missing both libidn and openssl. I have one with ltc.
This is so frustrating! You can get Homebrew from http: The easiest way to do this is create symlinks aliases that point to the copies that Homebrew created. These commands in the Terminal create the needed folders and create the symlinks:. Hi Jay, I really appreciate you trying to assist me.
As an example, I copied your link for the terminal to get Homebrew and pasted it into the terminal, hit enter…..
It has so many files within the files. I do know that this is the portion that if one single character or space is incorrect, nothing will work. Again, I really appreciate your trying to assist and I wished I were able to understand what you have laid out better. If you live around The Woodlands, TX.
What I really need is someone to just talk me through it over the phone. Musings from the Chiefio. What to do then? The Mining tab is no longer in the latest Litecoin-QT wallet app. Sorry for the confusion! Hello — Lovely article!! Is there a way to enable the mining option in LiteCoin-QT? I have a question. Do I need to setup somehow litecoin wallet to start mining or not? Do I need to setup server IP etc.
I didnt fint the answer. Where do the mined coins go? In my wallet file? Where is it saved, if I dont mine with Litecoin-QT?
You will join a litecoin mining pool of your choice. On the website for your mining pool, normally located in the account area you will enter your wallet address. After that, create a new worker through your pool then use that with your miner. Any coins you collect while mining in your pool will be automatically added to your wallet provided you entered your wallet address in your account settings on the pools website after some time. Do I need to worry about my MBP overheating? But I have a problem now.
My computer is mac book pro. Now I have set it 8. But I have see someone set it 99!!! So I am confused. Looking forward for your answer. I put the ltc wallet and minerd into a folder in the applications folder in my user section. When I open minerd it says no credentials entered and it wont let me type anything. What do I do? Even if I underclock the card.
I believe I have followed the above instructions to the letter, but when I run the command line instruction I get the following error…. I can confirm that minerd is in the same directory as the Litecoin wallet App.
Your email address will not be published. You may use these HTML tags and attributes: Notify me of follow-up comments by email. Notify me of new posts by email. Litecoin is a fork of the Bitcoin project with three important changes: While mining from within the app is nice as it gives you running totals, you can just as easily mine from the command-line with the following command: Only time will tell.
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