I just downloaded this app and can’t figure our how to mine. If anyone can provide assistance it’s much appreciated.
It would be great if someone can point towards a Mining 101 thread that outlines how to get started with a basic setup, using either a desktop or a laptop without a dedicated mining rig. Thanks!
I like to use nicehash. They have a quick miner application for desktop that’s super easy to setup. It’ll GPU and CPU mine and multiple algorithm options ( or just tells you which to use to make the most money ).
What you need to understand, is that trying to mine with a consumer grade PC is like trying to mine for gold by going to your backyard and shoveling dirt.
That’s not even an exaggeration!
To all wishing to mine LTC
You need dedicated hardware, not a laptop, and cheap electricity for it to be profitable.
I don’t mean to dissaude you, but do your research, find out what you are paying per kWh (kilo watt hour) and use one of the many mining calculators to figure out if you can make it profitable.
Most professional miners I know have to sell all their mined coins on the spot to pay for the hardware and their very high electricity bill.
Want to mine from a laptop or without a GPU? Check out Monero, you can mine from their core team wallet (GUI client)
That said, you won’t get rich overnight and this is a long term activity that requires time and quasi-constant attention to optimise your mining… and even then you are not assured block rewards (you are competing with all the other miners of the world to mine the same block).
Think it through, try it out, but be wary as many small scale miners don’t stay in the game very long.
Maybe @join_lee can enlighten us on how it is to try to mine…