1. How to mine Litecoin cryptocurrency on the EMCD mining pool?
The Litecoin cryptocurrency (LTC) is a fork of Bitcoin and is similar to it in many ways. However, it also has a number of differences, thanks to which it has managed to find its place in the digital market. The coin works on the Scrypt algorithm, which means it is effectively mined on ASIC devices.
✅ Litecoin can be efficiently mined using ASIC mining machines.
❌ Litecoin cannot be effectively mined using CPU or GPU cards.
💡 Some ASIC models may be unprofitable due to changes in the LTC price.
2. How to choose a device?
Your income and the payback rate of the device directly depend on the hashrate (this is a unit of measurement of the power of computing equipment for mining or blockchain network), which can be achieved on a specific ASIC model, and the cost of electricity. Therefore, when you pick an ASIC, be sure to check the combination of overclocking profiles and the electricity consumed, try to find the most profitable option. Lower electricity prices mean lower operating costs and better profitability.
3. What is the combined mining of LTC+DOGE?
In the EMCD pool, you can mine Litecoin (LTC) in pairs with Dogecoin (DOGE), which means that EMCD uses combined mining. The advantage of combined mining is that you do not need to divide the hashrate between the mining of several cryptocurrencies.
4. How to start mining LTC + DOGE on EMCD?
The first thing you need to do is to sign up on the EMCD website. To sign up and start earning, follow the link - https://emcd.io/pool/dashboard/registration
Username is the name that you will use each time you log in to the pool
Email - your email address
Password - the password to log in to your personal account, do not forget to make it complicated (with signs and numbers), then repeat the password.
Click the check mark and agree to the terms of service and then click on the "Sign up" button. A confirmation email will be sent to your email address. Find this letter on the email that you specified during the sing up process and follow the link. If you didn't find the email, then check the spam.
Adding a wallet (LTC + DOGE)
First of all, add an LTC wallet
To specify a wallet:
Select LTC in the upper-left corner
Then click on the Settings button
Add your wallet address. You can use any official wallet or use the wallet of an exchange that has Litecoin (LTC).
Then click "Save"
Do not forget to confirm your wallet via personal email
Repeat the same steps for DOGE:
Select DOGE in the upper-left corner
Then click on the Settings button
Add your wallet address. You can use any official wallet or use the wallet of an exchange that has DOGE.
Then click "Save"
Do not forget to confirm your wallet via personal email
Hardware configuration (on the example of LTC)
How to log in to Asic (in the web panel)?
Find the IP address of the device via IP Scan or BTC Tools and then enter this IP address in the address bar of the browser.
How to set up a connection to the pool?
Go to the Asic tab (Miner configuration).
And fill in all three pools, where:
URL is a stratum of servers (All three pool must be filled)
stratum+tcp://gate.emcd.io:3434 - Russia
stratum+tcp://eu.emcd.io:3434 - Europe
stratum+tcp://kz.emcd.io:3434 - Kazakhstan
stratum+tcp://cn.emcd.io:3434 - China
stratum+tcp://us.emcd.io:3434 - America
stratum+tcp://ir.emcd.io:3434 - Iran
Where the port is the code of the pool coin (example for LTC: stratum+tcp://gate.emcd.io:3434)
Fill in all three stratums closest to you
Worker - the name of your worker (the user name that you specified at the beginning of your sing up) in the format "your name".worker (without quotes). You can also copy it in your personal account in the connection tab
Password - enter any password
Now your devices will appear in your personal account via the link.
The equipment takes 15-20 minutes to update the data about the first shares received by the pool. As soon as this happens, the equipment will be displayed on the website.