Litecoin wallet mining threads
Go ahead and open it once it’s installed, and let the block chain start downloading. It’s going to take sometime, so you might as well get it started now.
2. Download CPUMiner and copy to your Litecoin-Qt path.
Typically, litecoin-qt.exe is located at ”C:\Program Files (x86)\Litecoin\litecoin-qt.exe”. So we’re going to want to copy the CPUMiner files into ”C:\Program Files (x86)\Litecoin\”
The CPUMiner project downloads are located here:
You’ll need to download either the win32 or win64 versions depending on if you have a 32bit or 64bit version of windows. I imagine most if not all of you are on 64bit by now.
Once you have the .zip downloaded, open it and extract it to your Litecoin path.
3. Choose a pool
litecoin-project on GitHub has an excellent comparison of Litecoin Pools. Generally the factors that people balance are size, reward type and fee. Larger pools tend to pay out less Litecoin more frequently. Smaller pools tend to get less blocks, but may a larger percentage to each miner. At the bottom of that article, Reward Types, Difficulty and other factors are explains really well to help you make a decision. I chose LiteBonk because it seems to exist in the middle of the road, and I have a couple friends that already mine there.
4. Create an account with the pool
Not all pools require signup, but I actually prefer a pool with a GUI that let me track stats, etc. Sign up is a pretty routine affair. I would recommend using a randomly generated password. Everything that touches cryptocurrencies are often the target of hacking attempts.
5. Create your worker accounts
Your worker accounts will represent unique accounts for each of your miners, for this example you’ll need at least two, one for your GPU Miner, the other for your CPU Miner. Use randomly generated passwords, these passwords are sent in the clear over the internet.
