It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
A lot of people that are not into Linux and are not familiar with it try to stay away form it, but when we are talking about Litecoin and other scrypt crypto mining you might want to reconsider if you are building a mining rig. Linux has some advantages other than being free when you compare it to Windows, and the best thing is that there are special distributions already available that might make it very easy for you to use them for scrypt mining rigs that you are building. One of the advantage is that Linux has no trouble using multiple video cards like 6 on a single motherboard, something that can bring you a real headache with some Windows versions. Also using a specialized mining Linux distribution means that you don’t need to have a lot of free space, actually you don’t need to even use a hard drive to install it on, you can directly boot it from a flash drive. And the specialized mining distributions you only need to setup the mining pool, your username and pass for the worker and they are ready to be used and you can remotely monitor them – no need of advanced Linux knowledge at all.
Now, it all may seem like a dream, however there is one important thing that you should be well aware of – the pretty much only more significant disadvantage of using a Linux Litecoin mining distribution. You are most likely not going to be able to control the GPU voltage from these distributions on all video cards (from within AMDOverdriveCtrl), some may work, others may not, but most likely you will have trouble with most of the cards. On Windows you have multiple options like Sapphire Trixx, MSI Afterbutner and other manufacturers specialized overclocking software for a specific video card. On Linux mining distributions you do have a tool that may show you the voltages, but you will probably not be able to change them, though you cans till control the clock settings for the video memory and the graphics processor. This is important, because normally you can lower the voltage below the standard set value and overclock the video card and it can still mine cryptos stable. This is being done in order for the cards to use less power and emit less heat, thus staying cooler and more silent. If the cooling and the noise is not a problem and you have ensured low operating temperatures, then there is no problem not to lower the voltage of the cards.
After this short introduction we are going to point your attention to two specialized Litecoin mining distributions based on Linux that you might want to check out and try on your mining rigs. These are the Litecoin-BAMT and SMOS Linux with them being very similar to each other. They both come in the form of an image file that you can write directly on a USB flash drive and then boot the operating system from that drive. After the first start you have to edit the cgminer config file ( /etc/bamt/cgminer.conf ) with your mining pool settings and you are ready to start mining. You can then monitor the performance of the mining rig and control it either trough a remote console login, or through a web based interface, so there is no need for physical access anymore.
– For more information about the Litecoin-BAMT Linux mining distribution…
– For more information about the SMOS Linux scrypt mining distribution…
This is something interesting, usually MtGox has significantly higher exchange rate for BTC/USD than on other Bitcoin exchanges, but now the exchange on MtGox is actually lower than on other exchanges. The reason for that might be related to a problem that the exchange currently has with BTC withdraws, so maybe now more people are exchanging and withdrawing in cash. Below you can find the official statement regarding the problem from MtGox, the good news it that everything should be back to normal in Monday… hopefully.
Dear MtGox Customers,
In our efforts to resolve the issue being encountered by various bitcoin withdrawals, it was determined that the increase in the flow of withdrawal requests has hindered our efforts on a technical level. To understand the issue thoroughly, the system needs to be in a static state.
In order for our team to resolve the withdrawal issue it is necessary for a temporarily pause on all withdrawal requests to obtain a clear technical view of the current processes.
We apologize for the sudden short notice. All bitcoin withdrawal requests will be on pause, and the withdrawals in the system will be returned to your MtGox wallet and can be reinitiated once the issue is resolved. The trading platform will perform as usual for the needs of our customers.
Our team will resolve this problem as soon as possible and will provide an update on Monday, February 10, 2014 (JST).
We deeply apologize for the inconvenience caused, and thank you for your kind support and considerations.
Sincerely,
The MtGox Team
LTC Rabbit is an interesting pool for mining scrypt-based crypto coins that does the automatic profitability switching between LTC and a few other crypto currencies for you such as DOGE. What makes this pool different is that it does everything for you automatically and you end up being payed directly in Litecoin and not many different crypto currencies that you need to send back to an exchange and trade them. This pool solves the problem of mining many scrypt cryptos like in Multipool for example, then moving them to an exchange such as Cryptsy, and selling them either automatically or by hand. This method may be a bit more profitable, but is also more time consuming and riskier as the price may drastically change while you wait for your crypto currency to appear on the exchange. LTC Rabbit does everything for you and you end up being paid in LTC directly, regardless of the crypto currency being mined currently, and though this method may be a bit less profitable, it is much easier and safer, especially on the miners that are new and are still getting the hang of things.
LTC Rabbit has a 2% pool fee, and uses PPS (Pay Per Share) payment system with payments being distributed to users every hour respective to the submitted shares by their miners. You get paid for the LTC mining you would normally do in an Litecoin only mining pool plus PPS altcoin bonus on top of your regular earnings, and it all comes in the form on LTC available in your account. The pool has stratum servers in Europe, USA, Asia and Australia, and they are DDoS protected and stable. There is no minimum payout limit, so you can do manual cash out a any time you wish provided that you are ready to pay a 0.002 LTC transaction fee. We have been testing this pool for a while now and are quite satisfied with the results we are getting and it has already replaced our LTC mining pool as a default option instead of having it as a backup. What we would recommend is to give it a try and see if you would also like the ease of use and the profit you get from the pool that is doing everything automatically for you.
– For more about the LTC Rabbit Automatic Altcoin Mining Pool with Direct LTC Payout…