Ledger Nano S up to receive Litecoin. Execute the file "t" from the folder "Mine Litecoins with CPU the file "SoloMineWith(AMD/Nvidia)t" from the folder "Mine Litecoins with GPU AMD/Nvidia or both of them. Step 4 : Get your hands on some cool graphic cards For effective mining process to undergo, try and get your hands on some awesome graphic cards that would make your life much much much easier. The upside is that you will get your Bitcoin sooner and potentially show signs of improvement cost when you change over it, if Litecoin's esteem keeps going. Litecoin Wallets Can Be Risky A number of trades offer online Litecoin wallets, however they are not really rich arrangements. Step 3 : Researching about miners. Due the majority of the robberies that have happened with Bitcoins and online wallets, many individuals now like to store coins disconnected. Therefore, its important you either invest in a new card, or accurately check what your current card is capable. Cryptocurrency theft has made malware and hacking even more viable than ever now theres actual money sitting on your computer, and not just personal information.
Litecoin getting started
This opens the admin page of your miner, log into it using your credentials which are generally printed in the users manual of the miner. Referring Friends - Everything is better with friends. Just as with other crypto-mining, there are mining pools to make the process somewhat more rewarding for participants, and you can find a comprehensive list of litecoin pools over at We Use Litecoins. Storing Litecoin, there are several ways to safely store Litecoin. Bitstamp is similar to Coinbase, but supports more deposit methods and more currencies. Bitcoin uses the SHA256 hashing algorithm, while litecoin uses the scrypt algorithm. Numerous clients will need something more secure, similar to frosty disconnected wallets. When they were found, antivirus companies labeled them as malicious software. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. That might take the thrill out of the entire thing but what use is thrill when you are constantly losing a huge amount of money and just making yourself more and more broke? Other storage ideas It's possible to keep your LTC on an exchange, but it's highly discouraged. At this point, it may be painfully obvious that you may even end up making a net loss with your current setup.