Litecoin Lite (in short: LTC, currency symbol: Å) is a network currency based on "peer-to-peer" technology and an open source software project under the MIT/X11 license. It helps users pay instantly to anyone in the world.
The Litecoin is inspired by Bitcoin (BTC) and technically has the same implementation principle. The creation and transfer of Litecoin is based on an open source encryption protocol that is not managed by any central authority. Litecoin aims to improve Bitcoin, compared to the Litecoin, which has three significant differences. First, the Litecoin network can process one block every 2.5 minutes (rather than 10 minutes), thus providing faster transaction confirmation. Second, the Litecoin network is expected to produce 84 million Litecoins, which is four times the amount of money issued by the Bitcoin network. Third, Litecoin uses the scrypt encryption algorithm first proposed by ColinPercival in its workload proof algorithm, which makes it easier to drill Litecoin on a regular computer compared to Bitcoin. Each Litecoin is divided into 100,000,000 smaller units, defined by eight decimals.
1 Litecoin network can process a block every 2.5 minutes (rather than 10 minutes), thus providing faster transaction confirmation;
2 The Litecoin network is expected to produce 84 million Litecoins, approximately four times the circulation of the Bitcoin network;
3 Litecoin uses the scrypt encryption algorithm first proposed by Colin Percival in its workload proof algorithm, which makes it easier to drill Litecoin on a regular computer compared to Bitcoin. Litecoin is currently the most successful digital currency to imitate Bitcoin. At present, all major platforms support Litecoin transactions including 58Coin. It can be seen that Litecoin is comparable to Bitcoin in terms of security and recognition.
Compared with Bitcoin, Litecoin is more politicized. It does not require a professional mining machine. Ordinary computers can be used. The main thing is to eat memory. The bigger the memory, the better. For the average person who is involved in virtual currency, it is a good attempt. Platform.
1. Account, software and environment preparation
Note: If there is a problem during the operation, please confirm whether the driver is updated to version 12.6 or higher, SDK 2.6 or higher, and uninstall it when uninstalling the driver.
1) Download CGminer
2) If you dig for the first time, you need to register an account with the mine.
2. Start CGminer1 to decompress the CGminer file; 2. Create a bat file under the folder, as follows. Batch command
Cgminer--scrypt--worksize256--lookup-gap2--thread-concurrency7200-g2-I15-ostratum+tcp://f2pool.com:3333 (mine pool address)-u miner number-p password--gpu-engine810 -910--gpu-vddc1.05--temp-target85--temp-overheat95pause.
3, execute the bat file, if there is no error, you can see the speed of mining. Generally, after landing in the mining pool, you can see the progress and harvest of the mining. Mining with the Scrypt algorithm and bitcoin sha256 algorithm mining is completely different. The Scrypt algorithm was originally designed for CPUs, not GPUs. Therefore, in order to make the GPU work better, more complicated setup and debugging are required. Please note that this algorithm requires your PC to have fast and much system memory. If your memory is less than the graphics card, it is unlikely to reach normal speed.
4, cgminer parameter setting
The following five core parameters, two are mandatory, the other three can be fine-tuned, and have achieved better speed. Once Scrypt mode is used, CG cannot adjust parameters adaptively, so you must set the relevant parameters for your graphics card.
Required parameters:
--scrypt must open LTC mining mode
--intensityXX priority, set the value from 0 to 20. Please choose the appropriate priority, too low priority may cause the speed to be too low, and too high priority may make the scrypt algorithm memory leak. When the priority is above 13, the allocated memory is the same, but it is more dependent on the GPU, which may reduce the speed or increase the hardware error (HW). The minimum priority can be calculated by the value of the concurrent thread (threadconcurrency). For example, the concurrent thread is 6144, the power of X is 2 = #144, where X is the priority, and the most approximate X is 13, so 13 is selected as the minimum priority value, and debugging is performed on this basis.
5, in the process of debugging, CG display speed is very fast, please pay attention to the proportion of the site's unavailable share. In addition, the proportion of unavailable shares is also related to the speed of the network. After the debugging is completed, type “S†in the DOS interface of the CG work and type “Wâ€, press Enter to save the debugged parameters as a CONF configuration file. In the future, double-click CGminer.exe to mine the Litecoin mining.
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