Announcement

                                 Upgrading My Rig

I might upgrade my mining rig!  I want to order 15 dualminer block erupters to give me an extra 2.25 Mhash/s.  I'll need a powered usb hub, a raspberry pi, some cables, internet connection, and an SD card.

I could also plug my gridseed as well to use less power than using my laptop.  This rig will cost about 400$, and will make 33$ dollars a year, but when the price of a Litecoin goes up, I'll maek a profit.  

Litecoin will probably go up to around 30$, so I'll make a profit of 290$ for every year I mined before the price of Litecoin went up.

Happy Hashing!

Feel free to donate! My wallet adress:LXvLfiDD1VSVUm5DoEr81o6THBz8cxoX5S

I Don't Know What to Write

                             I Don't Know What to Write

I've been stumped on what to write for days.  I want to know what you guys want me to write about.  Just ost it in the comments.  This will help me alot.

-Thanks!

Hashcoins Triton Miner Review

                        Hashcoins Triton Miner Review

Overview:

This is a new miner by Hashcoins that is now available for pre order.  It`s advertised hashrate is 36 Mhash/s.  It uses 144 W, pretty good.  It costs $703 CAD.  In 1 year you`ll make a $102 CAD profit.  This is also a PCIE based miner. It`s kind of like a GPU, but better.

Chance:

You have a 65% chance of making your money back at normal clock speed.

You have a 85% chance of making your money back at overclocked speed.

You have a 75% chance of making your money back overall.

Review:

Hashrate: 9/10

Power consumption: 8/10

Cost: 9/10

Overall: 8.5/10

Reason:

This miner is amazing overall.  The only flaw is the power consumption.  It just sets back your profit in normal clock speed mode.  Other than that, this miner is really good.  Happy hashing!

*****THIS IS JUST AN ESTIMATE!*****

Raspberry Pi Mining Rig Review

                              Raspberry Pi Mining Rig Review 

                                                                       

                                      What is Raspberry Pi?

Raspberry Pi is a credit card sized computer with a 700 mHz (MegaHertz) processor, USB slots, HDMI  slots and more.  It is used to mine, as well as other things.  Actually, only like, 2% of Pi users mine on their Pi's.  A Raspberry Pi can be used for many things.

                    How do You Mine With A Raspberry Pi?

Just the same as any computer.  Plug in the miner to the USB port, power it and run the software.  You need to load the mining software onto the Pi using an SD card.  You also need to power the Pi, using a mini USB to USB cable connected to a powered USB hub.

                                    Description of the Rig 

Parts:

1.Raspberry Pi

2.Powered USB Hub

3.Block Erupters (the miners)

4.Pi case

5.USB to Mini USB Converter Cable

6.Power Cable

7.USB Fan

8.Ethernet Cable OR Wireless Internet Adapter

The Raspberry Pi, Internet connection, the Pi case, the SD card and the mini USB to USB power cable will create a computer.  The Block Erupters are the miners, and the rest runs the miners.

                                                              IMPORTANT!

Don`t leave the Block Erupters unattended for over 8 hrs If they`re cooled.  If they aren`t cooled, don`t leave them alone for 1 hour, because they heat up if they`re not cooled properly.  If they`re cooled you have nothing to worry about.  But, turn them off from time to time to give them a break.

                                            Review

With an average 10 Block Erupter rig, there would be 10 100 Khash/s Block Erupters.  10 x 100 = 1000.  The rig would easily do 1~1.2 Mhash/s.

Chance:

You have a 20% chance of making your money back at normal clock speed.

You have a 25% chance of making your money back at overclocked speed.

You have a 23% chance of making your money back overall.

Review:

Hashrate: 9/10

Power comsumption: 10/10

Cost: 8/10

Overall: 9/10

Reason:

A great mining rig for beginners, that can be expanded to suit more experienced miners.  It`s also WAY cheaper than a Gridseed 333 khash/s or Zeus 1.3~1.8 mhash/s, not to mention more efficient.

This is an amazing mining rig and I`d highly reccomend it if you want a cheap rig.

*****THIS IS JUST AN ESTIMATE AND AS CLOSE TO A REVIEW AS I CAN GET, SO NO GUARANTEES*****

Dualminer Block Erupter Review

                         Dualminer Block Erupter Review

Overview:

The Dualminer Block Erupter can calculate at 70-120 khash/s.  One costs $30 CAD (23.46 USD).  It only uses 1~1.5 W and is usb powered.  I`t dos`nt get too hot, but it dos`nt have a fan either.  It was supposed to mine BTC and other sha-256 coins and LTC and other scrypt coins.  But it only mines LTC and other scrypt coins.

Chance:

You have a 1-5% chance of making your money back at normal clock speed.

You have a 5-10% chance of making your money back in overclocked speed.

You have a 4-6% chance of mking your money back overall.

Review:

Hashrate: 8/10

Power Consumption: 9/10

Cost: 6.5/10

Overall:7.5/10

Reason for Giving This Rating:

For what it is, this is a good miner.  But, I think the cost should be lower.  It costs a little too much for what it`s worth.  I think they should lower the price on this thing.  It doesn`t use that much power, so it`s not too expensive too run.  That`s why I rated the power consumption 9/10.

I hope you liked this review, happy hashing.

*****THIS IS JUST AN ESTIMATE, SO NO GUARANTEES*****

Hashcoins Ares Miner Review

                          Hashcoins Ares Miner Review

Overview:

The Ares miner can calculate at a speed of 256-768 mhash/s, using 6.896 KW.  It costs $2600 USD ($3324 CAD).  It might sound like a huge cost, but it`s not.  If you average 500 mhash/s, you`ll make about $4000 USD per year.

Chance:

You have a 25% chance of making your money back at normal clock speed.

You have a 75% chance of making your money back at overclocked speed.

You have a 65% chance of making your money back overall.

Rating:

Hashrate: 10/10

Power consumption: 6/10

Cost: 10/10

Overall: 9/10

Reason for giving this rating:

The Ares miner is a very good miner with the best hashrate I`ve ever seen, the only thing wrong is the power consumption.  It`s the highest power consumption I`ve ever seen.  It`s a good miner overall, and is very effective.  That`s why I rated it 8.5/10.

I hope you enjoyed this review, `cause there`s more on the way.  Happy hashing!

*****THIS IS JUST AS CLOSE TO A REVIEW AS I CAN GET, NO GUARANTEES!***** 

Top 5 Worst Litecoin Miners

                          Top 5 Worst Litecoin Miners    

This article is about the WORST miners, so don`t buy these.

5-amd gpu 5450-around $30+expensive shipping

overview:
-21 khash/s
-needs expensive 300 watt power supply

4-nvidia GeForce 240m-$140 (free shipping)

overview:

-15 khash/s
-needs expensive 300 watt power supply

3-NVIDIA 9600M GT-$105+expensive shipping

overview:

-10 khash/s
-needs expensive 300 watt power supply

2-NVIDIA 8600M GT-$40+expensive shipping

overview:

-5 khash/s
-needs expensive 300 watt power supply

1-NVIDIA Quadro NVS 140M-$50+expensive shipping

overview:

-2 khash/s
-needs expensive 300 watt power supply

so as you can see:

 GPU price+$85(power supply)+power bill+$110(motherboard)+$30(CPU)+15$(riser cable)+$55(RAM)+$50(milk crate)=debt x 1000

I hope you enjoyed this article, and once again, farewell farmers (of Litecoin)!
                                                                                               

Top 5 Cheap Litecoin Miners

                                                      

                                 Top 5 Cheap Litecoin Miners

This article will be about cheap miners only.  Don`t expect $1000 miners.

5-The dualminer block erupter $30+shipping

overview: 

-70-120 khashes/s

-1.5 watts

-dosent get too hot

4-The gridseed BTC/LTC miner (5 chip) $50+shipping

overview:

-250-500 khashes/s

-7 watts

-never heats up in LTC mode

-gets very hot in BTC and BTC/LTC mode

3-GAWminers the fury $100+shipping

overview:

-1.3-1.8 mhashes/s

-40 watts

-has a fan to keep it cool

2-The gridseed BTC/LTC miner (80 chip) $350+ shipping

overview:

-5.2-5.8 mhash/s

-140 watts

-has fan to keep it cool

1-Zeusminer gen 3 chip blade for Blizzard x3 $50+shipping

overview:

-10 mhashes/s

-45 watts

-has no fan

-bare chip

These miners will start you off, but won`t make you tons of money.  If you buy these, happy hashing!

My Mining Rig

                                                                               

                                           My Mining Rig

This is an article about what I use to mine Litecoin and how to set it up.  I won`t talk too much about the software though.

                                               Parts

-I use a Gridseed 5 chip miner that can mine BTC and/or LTC it uses 7 watts, 6 amps

-It hashes at about 400-450 khashes/s

-I connected it to my computer with a usb to mini usb cable

-A power cable that puts out at least 7 watts and 6 amps is needed

                                               Setup

The first thing you need to do is set up a Litecoin wallet.  I use Litecoin-qt, but there are lots of other wallets to choose from.  The second thing you need to do is install mining software.  I use cpu miner, but there are others.  You also need driver software.  This is the software part.  The next part is the hardware.

In terms of hardware, I`ll be telling you how to set up the Gridseed 5 chip miner that can mine BTC and/or LTC.  It`s very simple.  First, you need to plug it in to your computer.  You`ll need a usb to mini usb cable.  Hook up the mini usb end to the miner`s mini usb slot, and the usb end to your computer.  Then, hook up the power cable.  The round end goes into the miner, and the wall plug end goes into the wall/power bar.

That`s the setup.  If you want a more in depth description on the software, there are tutorials on Youtube.  Happy mining!

                                                                           

How to start mining LiteCoin

                      Getting started with LiteCoin

                           What You'll need 

         

So you want to mine LiteCoin?  Well, it's not as easy as you might think.  You need LiteCoin mining software so you can obtain LiteCoin, and a LiteCoin (digital) wallet.  The mining software I'll be using is called BFGminer Scrypt.  This software supports ASICs.  You can use any LiteCoin wallet, it dose'nt matter which one you use, as long as it's a LiteCoin wallet.

                                                Joining a pool

It's good to join a pool, because you make more money that way.  When a block of LiteCoin is mined by a pool, they split up the profits.  But they don't split the profit up evenly, they give you a certain amount of LTC, depending on how much mining power you put into decrypting the block of LiteCoin.  To join a pool, search up the website of the pool you want to join, and join the pool.  But don't think that just because your in a pool that you'll be rich like nothing.  You still need to invest in the proper equipment, and do lots of research.

                                                              Tips

Here are some tips to help you get started:

-Only mine with a good rig with fast equipment (as fast as your investment can get you)

-Remember to keep your computer cool, as it can get exteremely hot

-If your still a beginner, don't join big pools, as you'll make very little profit

-If you mine with ASICs, make sure you get mining software that supports ASICs

-NEVER mine with your CPU, as it's not profitable anymore

I hope this article helps you on getting started with LiteCoin!

Welcome

                                Welcome


Sorry I forgot to do a welcome post for my blog.  I just got so exited about writing about LiteCoin I forgot about my welcome post.  Well anyways, lets get on with the welcome post.  Welcome to my LiteCoin blog for kids!  On this blog, you will find hardware reviews, LiteCoin tips and news, and updates on my LiteCoin rig each month!  If you want to read the blog that'll ensure your victory with LiteCoin, this is the blog for you.  Happy reading!  And if you choose to mine, happy mining!=)

LiteCoin explained

                                                          

                                 Litecoin Explained

                                                        What is it?

LiteCoin is a crypto currency (basically a type of digital money), that your computer generates through a process called "mining".  Now, LiteCoins (or LTC) does not have any physical value.  So when your computer mines for LiteCoin, you're basically generating a number, nothing but a number. If it's just a number, then you might think, "why do you write this blog"?  Well, I write it to inspire kids like me to start mining crypto currencies.  But then you might ask, "why mine if you don't get anything out of it"?  Well, let me tell you before you ask another question, that people mine LiteCoin to make money.  And so, as LiteCoin grew more popular, 1 LiteCoin now is worth $2.50 in CAD (Canadian dollars), $2.02 in USD (US dollars) and 1.3 in British pounds.

                                                 How do you get it?       

Like I said before, you mine LiteCoin to generate it.  But what does your computer do when you mine LiteCoin?  Your computer solves very complex mathematical problems to decrypt (to decode) 1 block of LiteCoin.  Now, 1 block of LiteCoin holds 50 LTC!!!!!!  That's alot of LiteCoin.  So if you're mining, and you find the answer to the math problem, you get $125.60 CAD ($101 USD, 66.5  in British pounds)!!!!!!!!  But, just mining with your computer is dead, so people bought a ton of GPUs (graphics cards) and ran them to mine LiteCoin.  GPUs are faster than CPUs (computational processing units), but they use up alot of power.  Not only that but GPUs are VERY expensive.  The most high end GPUs are over $5000!!!!!!!  Now, GPU mining is starting to die out.  See, the LiteCoin mining algorithim is called Scrypt, and is supposed to be resistant to ASICs (A[pplication]S[pecific]I[ntegrated]C[ircut]s), but now there are ASICs that can mine Scrypt.  See, ASICs are very fast miners, and don't use up alot of power, so they're ideal for mining LiteCoin.  They revolutionize the mining world.

                                 Can you make a profit off of litecoin?

Now that's the million dollar question.  Will you make a profit.  Well, it depends on your equiptment.  If you mine with just your CPU, then no, not in a millenia will you make your money back.  If you have some good GPUs, sure you can make a small profit.  With ASICs, yes, you will make a very good profit.  But before you dive headfirst into LiteCoin mining acting like a pro, do lots of reasearch on getting the right equptment.  But it's not just about how fast your equptment is, its about things like if you'll be able to pay off the electric bill and hardware cost, and still have money to spare.  To mine LiteCoin, you need to have good knowledge of hardware and software, a good understanding of crypto currencies, and the right amount of invested money.  I've currently saved up about $260 CAD in investment funds.  I hope to start mining by Feburary 2015 (this year), and calculated that by month 6 or 7 of my operation, I'll start to make a profit.  I hope this article inspires you to start mining LiteCoin.  And if you do start mining, good luck!=)