All About BTC, LTC, ETH mining as well as other alternative crypto currencies
As a long time and happy users of the LTC Rabbit mining pool we are happy to see that they have added support for X11 mining. The idea behind X11 mining support is pretty much the same as the pool’s idea for Litecoin mining – you mine X11-based crypt currencies such as DarkCoin and they get automatically exchanged for LTC and you are being payed in Litecoins. So people with GPUs that are moving away from Scrypt mining could consider mining X11 and still get payed in LTC as Litecoin mining is slowly moving to the ASIC mining domain and will continue to do so in the next months making it not so profitable to mine with GPUs anymore.
You are able to mine X11 at the pool by using the sgminer for DarkCoin on AMD-based GPUs as well as by using ccminer with X11 support that wwas recently released for mining with Nvidia-based GPUs. Currently we are seeing similar performance mining on AMD and Nvidia graphics cards, however we are soon expecting to see an updated for ccminer that will bring significant improvement to the hashrate we are currently getting on Nvidia. The most notable advantage of mining X11 is that the GPUs should be cooler and use less energy as compared to mining Scrypt for example, or at least we are seeing that on AMD GPUs. So now you have another interesting alternative available to mine no Scrypt-based crypto and still get payed in Litecoins.
We liked the LTC Rabbit Scrypt mining pool as soon as we have tried it for the first time a few weeks ago when DOGE was in its peak in terms of higher profitability compared to LTC. The pool has been running stable and reliable and had a nice altcoin bonus on top of the earnings if directly mining for LTC, so a perfect choice for a backup pool that will still ensure higher profitability than directly mining for Litecoins. However lately there haven’t been any extra altcoin bonus been given by the pool and it was mining LTC most of the time anyway. The reason for that was that DOGE was not so profitable to mine anymore and the other alternative cryptos such as WDC or MEC did not perform any better than directly mining for LTC. It seems that the pool has added a few more newer and supposedly more profitable alternative cryptos including the lately very popular AUR crypto, so that it can start giving away extra altcoin bonuses again. We still have the pool as our backup mining pool and our primary one for the moment remains ScryptGuild, so check that one as well if you still haven’t.
One of the most annoying things when mining alternative crypto currencies in a pool with automatic switching algorithm based on the current coin profitability is that you end up with a lot of different coins that you need to move and trade on an exchange. The pool ScryptGuild has just added an easy solution to this problem, by introducing a function for automatic conversion of the mined alternative coins. Previously the pool had an option for you to manually trade the mined coins directly through the pool’s interface for BTC with an extra fee of 1% fee on top of the exchange rate of 0.3%. Now, the automatic conversion to BTC has replaced that functionality and the fees remain the same, and the coins are apparently still traded on Cryptsy. However you don’t need to move them there and trade them, the trade is automatically executed every hour if you decide use this function and the BTCs get credited directly in your pool’s account. The pool offers a coin reserve function that gives you the ability to set an amount of coins that should stay in your account and not be sold automatically for BTC… good for example if you want to keep some LTC (the autoconversion does not support LTC at the moment) or DOGE. ScryptGuild is still a relatively new pool, but they are doing a great job in making it an attractive alternative to other pools that have been around for a while already sch as Multipool for example. So if you still haven’t checked them out, then we would suggest to give them a try.