What is mining and how do you do it?

[AlwaysFSX]

I want to get in to litecoin mining because I barely use my computer and its outlook is good. The problem is, I have no clue where to start. Like, at all.

 

Is there a short and sweet list of what to do and how to do it to set up litecoin mining?

[helping]

Read the FAQ, figure out your hash rate and then look at your electric bill to see if it's even worth doing. 

 

There is a spreadsheed out there (probably linked in the FAQ) that shows hash rates for each card. 

[Bonsai99]

Current computer:

NZXT Phantom 410 Black/Orange - i3 2120 @ 3.3GHz - XFX Radeon 7770 - 2x4GB PNY 1333MHz ram -ThermalTake 600w - ASUS B75-M/CSM

160GB boot - 2x1 TB WD blues in raid 0 (one's a laptop drive, surprised that it hasn't exploded yet)

Nope.avi (Not worthwhile)

[AlwaysFSX]

Nope.avi (Not worthwhile)

Never said I was going to do it on this computer

[algoat]

If current difficulty and price stays the same, you could make about $80/month with the 7770 if you run it 24/7 and pay around 10¢/kWh.

[Bonsai99]

If current difficulty and price stays the same, you could make about $80/month with the 7770 if you run it 24/7 and pay around 10¢/kWh.

Looked into it and was fairly surprised that it is actually that profitable right now with a 7770.

[algoat]

Looked into it and was fairly surprised that it is actually that profitable right now with a 7770.

Yup. The 7770 is still a low end miner, but the LTC price is almost at $40 now.