Register an Account
Create an account on PooledBits
, so you can start mining!
Download a Miner
You can mine Litecoins with either a GPU or CPU (or both!).
For GPU (usually faster) mining, download the latest CGMiner. A GUI is also available.
- See here for configuration parameters
For CPU mining, download the latest CPUMiner - (forum).
- If you are on Windows, you can download a prebuilt version: 32-bit, 64-bit
- If you are on OSX, you can download a prebuilt version: 32-bit
Configure your Miner
Use the details in the Help Section
to configure the miner you're using.
How am I paid?
PooledBits uses a PPLNS (Pay Per Last N Shares) payment method with a 0% fee
. What this means is that when a block is found by the pool,
rewards are distributed to everyone based on the number of shares they contributed.
For example, if N was 1 million, and you submitted 100,000 shares, and someone else submitted 200,000 shares, when a block was found, each person would earn LTC based on the % of shares contributed.
You would earn 10% of the block value, and the other user would earn 20% of the block value.
How does this compare to a PPS Pool?
Compared to a PPS (Pay Per Share) pool, rewards will be higher on average (no fees!), but will be a bit more varied. You might go a shift or two with lower than average earnings,
and then a few shifts with higher than average earnings. But on average, a PPLNS pool should have a higher payout overall.