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Building a Litecoin Mining Rig- Step by Step Guide

  • George Shnurenko
    Cryptotips

    Litecoin is seen as Bitcoin’s silver, so one way to pick up a few pieces of digital silver is to mine it yourself


Building a Litecoin Mining Rig- Step by Step Guide

How to start making money on cryptocurrency? The easiest way is building your own Litecoin mining rig! Learn to create a green-field mining rig: our step-by-step instruction will help you.

All of us are trying now to get into currency mining– it seems to be the easiest way to obtain crypto without investing mind-blowing sums of money. If you’re planning to become a miner, pay attention to such resource as Litecoin– one of the top-10 current cryptocurrencies that continues gaining value steadily. But don’t rush to search for a Litecoin mining rig for sale– you can save considerably doing it by yourself. This guide will teach you to build a Litecoin mining rig from scratch.

Why mining Litecoin?

The golden days when you could mine Bitcoins on your PC or smartphone are over – the difficulty of mining has grown exponentially, and your investments in Bitcoin mining aren’t likely to pay off. Luckily, there’s a myriad of altcoins that are GPU-mineable, and Litecoin is one of them. Just like Bitcoin, Litecoin uses proof-of-work for building a chain, but the processing is several times faster, so it’s easier to mine. Litecoin price in May 2018 is $168 and is expected to continue growing. This is one of the most promising cryptocurrencies and is still not hard to mine.

Litecoin vs. Bitcoin: What to choose?

The difficulty of Bitcoin mining is overwhelming: today, it’s hard to mine this cryptocurrency on your own, while an ASIC Litecoin mining rig can still bring you a considerable revenue. Here are the main reasons for choosing Litecoin mining instead of traditional Bitcoins:

  • Litecoin mining is done with CPU.

  • Litecoin can be generated several times faster than Bitcoin (it takes about 150 seconds, and Litecoin transactions are pretty quick).

  • 84 mln of Litecoins will be generated versus 21 mln of Bitcoins.

  • There are many Litecoin mining pools– if you want to unite power with other Internet users, you’re free to do that.

What is mining?

Mining is the process of maintaining the Blockchain– the distributed ledger containing all transactions made. What miners do is receive the transaction details from different network participants and assemble the transactions into certain structures by finding a suitable hash.

Hash is the result of running a chunk of data through a cryptographic algorithm: the set of data will return only one hash. Hash cannot be used to obtain this data, but it ensures its safety and integrity. If one symbol in the string is changed, the hash will become unrecognizable. Since each block has the hash of the previous block, the network will know if someone attempted to insert a transaction into the ledger.

Mining is becoming more and more competitive: the first miner to generate a correct has is rewarded with Litecoins, the others get nothing. Therefore if you want to outperform the rivals, you need to have a lot of computing power. There is a specialized gear for mining– the hobby has turned into a real profession, and people around the world get involved by building mining farms and rigs.

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Creating a Litecoin mining rig in 2017 was a simple and profitable initiative, and it may still bring you a considerable revenue. You just need to organize facilities properly.

Create a wallet

Prior to building Litecoin mining rigs, you need to create a wallet where you will keep your coins. The easiest way is to open the homepage of the Litecoin and find the download link for the wallet app. If you have issues with that, there are numerous community forums on the Net. Most wallets are based on the Bitcoin-Qt client and they are reliable, but you may need to wait when the entire Blockchain downloads.

Choosing hardware for your DIY Litecoin mining rig

Instead of buying a ready system (which is hard to get and expensive), you can buy Litecoin mining rig hardware and assemble the unit on your own. Here’s what you’ll need:

  1. PSU (Power Supply Unit). A 1300 Wt PSU will be perfect, but if you cannot find one, try an alternative – get two 750 Wt units and connect them together using an add2psu adapter.

  2. Motherboard and CPU. With the average budget of $150, you can try H81 Pro BTC motherboard combined with Intel G3220 CPU. Alternatively, try MSI Z77A GD-65 with Intel Celeron G1620. Both are perfect non-expensive variants for mining.

  3. RAM. You can go with a non-expensive 4GB Kingston DDR3 RAM– it will be more than enough. However, if you’re going to use Reaper mining software or script-based mining solution, look for 8 Gb RAM.

  4. Powered Riser Cables (1x to 16x). Buy six cables – for each GPU. They are used to connect the graphic cards to the motherboard and organize space between them for better ventilation. Plug the 1x male end of the cable into the 1x or 16x slot on the motherboard, and connect the cable’s 16x slot to where you plug the graphic card into.

  5. Hard Drive. You will need an SSD drive to install the OS.

  6. Mining Case. This is where you will build a Litecoin mining rig. You can make a case on your own using tangled aluminum bought in the local hardware store or buy a ready one. There are plenty of custom built cases sold online.

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  1. Cooling Fans. You will need extra cooling to keep the temperature down in ever-working GPUs. Buy a box fan, it will cost you about $30.

  2. Keyboard, mouse, and monitor. You need them to configure the software only – to cut expenses, you can get the ones from your PC.

GPU – Which one is better?

The choice of graphic processing unit is crucial for the efficiency of your mining rig. In this table, we’ve performed Litecoin mining rig comparison based on the GPU models.

Model/Characteristics

Core Clock

Memory

Power Draw

Outputs

Nvidia GeForce GTX 1070

1,506 MHz

8GB GDDR5

150 Wt

3 x DisplayPort 1.4, 1 x HDMI 2.0, DL-DVI

AMD Radeon RX580

1,257MHz

8GB GDDR5

185 Wt

1 DisplayPort 1.4, 1 x HDMI 2.0

Nvidia GeForce GTX 1060

1,506 MHz

6GB GDDR5

120 Wt

3 x DisplayPort 1.4, 1 x HDMI 2.0, DL-DVI

AMD Radeon RX Vega 56

1,156MHz

8GB HBM2

210 Wt

3 x DisplayPort 1.4, 1 x HDMI 2.0

Nvidia GTX 1080 Ti

1,480MHz

11GB GDDR5X

250 Wt

3 x DisplayPort 1.4, 1 x HDMI 2.0

Nvidia GTX 1070 Ti

1,6070MHz

8GB GDDR5

180 Wt

3 x DisplayPort 1.4, 1 x HDMI 2.0

AMD Radeon RX580 is a real hit that’s always on demand among miners. However, this is the reason why it’s rarely in stock and people cannot find it in stores.

Operating System

If you know how to work with Linux, you can simply download it for free (some users suppose that Linux is the best variant for Litecoin mining– it ensures the best mining ROI). However, undervolting and overclocking is always better with Windows thanks to its powerful drivers. Windows 8 and Windows 10 are pretty good for mining. Although you can install an OS with a thumb drive, some prefer loading the OS from an install CD– do as convenient for you.

Advantages of mining on Linux OS:

- It’s free

- It already comes with mining software

- Its EthOS version is tailored for mining altcoins

- Easier remote management

- Reduced power consumption

Installation process

Now when the hardware and software are ready, you need to assemble the mining rig. Follow these steps to finish the process:

  1. Attach the CPU and fan to the motherboard and place RAM on the memory slot.

  2. Install the motherboard on the top of your frame/box and ensure that all ports for SATA, USB, mouse, and keyboard are accessible. Plug the riser cables in PCI-E slots of the motherboard.

  3. Connect each GPU to the corresponding riser cable and rest the bracket end on the edge of your frame. Screw GPUs on their places– don’t forget to make the holes beforehand, it will ease the task. Leave space between GPUs to ensure optimal ventilation.

  4. Connect the PSU to the CPU and your GPUs.

  5. Establish Internet connection. Wi-Fi USB adapter is the best option.

As soon as the hardware is assembled, you need to install OS and the corresponding mining software. Prior to installing all six GPUs, you can try connecting only one. If the processor sees it, and it’s working properly, install and connect all the rest. If the CPU cannot find them, you need to install drivers and specify the paths manually.

Double-check that things are working properly and make sure that cooling is sufficient– GPUs emit a lot of heat. To guarantee minimum downtime, try WatchDog timer– it reboots the mining rig in case of power outage and system failures.

Conclusion

Cryptocurrency is all around us, and there’s the whole gamut of possibilities to make money on it. If you need passive income, building a Litecoin mining rig is the golden opportunity you shouldn’t let slip by! Invest in hardware, follow this guide to create the rig, and soon you’ll be a proud owner of brand-new Litecoins.

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About the author

George Shnurenko is a Bitcoin and cryptocurrency enthusiast, financial analyst and writer. He's majoring in history but he believes that the digital currency which has taken the world by storm will bring about change to all us humans. 

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