Mine litecoin without pool
I think you need a full node to solo mine. I suspect I need to set up a server, run litecoind, and do some other things then configure the A4s to connect to that server? I ended up working on this today, after thinking more about how I want to participate in Litecoin, I realized beyond wanting the full reward, I just want contribute by maintaining my own node.
I put together a tutorial on how I setup my own node and mining pool for my machines here: Definitely going to post here when I find my first block. Hopefully, that happens in the next 30 days….
So far things seem to be working out. Though when mining at litecoinpool. Those stats above are over the course of 3 months. First 15 days my hash rate was in the 10s of MHs though. Still no blocks found. I have an alert set up for that too. Currently set to my workers hash at Mhs, Mhs, and Mhs. The difficulty is set at the pool so each workers is getting the same difficulty. Anyone besides me think that this will be worth it? First, I looked into merge mining Dogecoin.
Could not figure that out for the life of me. Spent many nights up late trying to research how to do it. Second, my more powerful machine seems to stop sharing and does not fail over to another pool. I have Stackdriver logging setup to watch share activity and I get an email when this happens.
Screen Shot at A simple reboot of the miner solves the issue. Thanks, everyone who has contacted me about my tutorial on Github , please star my repo if you found it helpful or informative. Agreed, the 25LTC reward will make it all worth it.
When I was mining as part of a pool, it took me like 45 days to find a block which is lucky. I also have two Gridseeds which were my mining training wheels. The prospect of a full 25 LTC reward still seems worth it. Still having issues with where my machine stops submitting shares. What I also find crazy is just how fast the difficulty has jumped. I have a question, where do you buy your mining rigs… all the places I have seen around they all look like a scam….
Good to know someone else is out there hoping for the I get lucky. I was just wondering is it possible to set up the stratum server on an old computer and connect it to your home network?
Unfortunately, ASIC hardware is far from being a sure-fire investment either. Potential buyers should be extremely careful, as various elements should be considered:. Good starting points are LitecoinTalk. Don't feel like investing in expensive hardware? Not everyone needs to be a miner.
In fact, the easiest way to get started with Litecoin is to buy some at an exchange. As we've seen above, finding a block is very hard. Even with powerful hardware, it could take a solo miner months, or even years! This is why mining pools were invented: Pool users earn shares by submitting valid proofs of work, and are then rewarded according to the amount of work they contributed to solving a block.
The reward systems used by mining pools can be roughly subdivided into two categories: Choosing a mining pool can be a very personal decision, and several factors should be taken into consideration, including features, reliability, reputability, and user support. ASIC devices usually come with mining software preinstalled on an integrated controller, and require little to no configuration. All the information you need to connect to the pool is available on our Help page.
If you have decided to do some CPU mining just for the fun of it, since as we've seen above you are not going to make any profit , you should download Pooler's cpuminer. Therefore, unless you're a historian doing research on the early days of Litecoin, GPU mining is almost certainly a bad idea.
This page is for you. Should You Mine Litecoins? Potential buyers should be extremely careful, as various elements should be considered: For this reason, it is important to make a realistic prediction of how the difficulty will evolve in the near future. ASIC hardware can mine litecoins extremely efficiently, but that's all it can do. It cannot be refitted for other purposes, so the resale value is very low. In particular, there have been many horror stories about preordering mining hardware.