new-litecoin-hashrate-difficulty

The Litecoin Difficulty has dropped again, this time from 3508 down to 2674 (-23.76%), so the LTC mining profitability is yet again higher than on the previous difficulty. The reason of course are the many users mining for DOGE, MaxCoin, MetisCoin, VertCoin and other alternative crypto coins instead of directly mining LTC. At the moment DOGE profitability is just about 15% higher than directly mining for LTC, so you can very well expect that the next difficulty adjustment for Litecoin will go up and then down again and then up as the tendency has shown lately. This makes the use of pools such as LTC Rabbit an interesting alternative than directly going back to mining LTC as you are still getting payed directly in Litecoin + some altcoin bonus as an extra.

cgminer-3-8-5-antminer

If you have Bitmain AntMiner U1 USB sticks for Bitcoin mining you would need to use a special version of cgminer that is compiled to support these BTC ASIC devices. Below you will find cgminer 3.8.5 for windows that is compiled with AntMiner U1 support along with BAT files to run the USB ASIC at “stock” frequency for 1.6 GH/s, along with settings for running the device at 1.8 GH/s, 2.0 GH/s and 2.2 GH/s. Just make sure that you overclock the AntMiner U1 for higher hashrate to ensure that the device is properly cooled – you need to provide additional fan blowing on the device to cool it down when it is overclocked. Do not, and we really mean that you should not overclock the AntMiner U1 without additional cooling or there is risk of damaging the device!

You can download cgminer 3.8.5 with AntMiner U1 support for Windows here…

ltcrabbing-backup-pool-earnings

If you are mining for alternative scrypt cryptos at the moment due to their higher profitability compared to LTC, you are probably already using Multipool or another similar automatic switching pool. We are using Multipool and set one mining rig with four 280X cards on Multipool and have set LTC Rabbit as a backup pool to test instead of WeMineLTC or Coinotron that we usually set as our backup. The idea behind that pool is that you mine for anternative scrypt-based cryptos based on profitability along with LTC and you are directly getting payed in LTC, so this there is no need to transfer the mined alternative coins to an exchange and trade them for LTC. This way you get extra profit than directly mining for LTC. Our idea was to see what you can expect to get when Multipool has issues and they do have and the connection to their pools drops, so the miner goes to the backup pool. The result we’ve got for 24 hours is 0.07 LTC profit at the backup pool and about 1.09 LTC when we exchanged the mined alternative cryptos from Multipool to LTC. So if you do not have a backup pool set it will be a wise idea to do so in your miner (cgminer does support that, CUDAminer does not yet) and do use a different mining pool. Meanwhile we are heading for another drop in LTC difficulty in few hours, so the profitability of alternative cryptos such as DOGE will drop compared to directly mining LTC…

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