Join our study and help us improve the website by clicking here. While it is now considered too late for litecoin vs bitcoin mining 2015 gmc without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, we’ll take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment.
For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt. Perhaps surprisingly, it’s still possible to use just your computer’s CPU to mine some of the digital currencies. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit. The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin’s entire block chain downloads. Of the two, a GPU offers far better performance for the cryptographic calculations required.