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Luxcoin is often considered one of the most promising GPU minable coins. It is resistant to ASICs, it can be mined by CPUs (though it’s not the most profitable coin to mine with CPU) and it is backed up by a real product. This means that Luxcoin will more likely experience a growth in popularity and demand in the near future.
Few days a go ago, the algorithm behind Luxcoin has been updated. The new PHI2 algo is even more miner-friendly and consumes up to 60% less energy compared to other mainstream algorithms. Besides the obvious benefits, those changes keep ASICs away.
To know more about Luxcoin, check this review.
Luxcoin can be mined both with AMD and NVidia GPUs. In this guide, I will walk you through the complete set up process. If you don’t have a Lux wallet yet, in this guide you will learn how to get one.
How to Mine Luxcoin: A Step-By-Step Guide
- Download the wallet
- Go here, in the ‘Resources & Guides’ section click on ‘Download Wallets’ and select the option that suits your OS. Optionally, you can download the source code and build it on your own.
- Note: Some Anti-Virus software might block the wallet from running, connecting to the Internet or even downloading. If this is the case, you’d have to create an exception rule for it to run. Post a question in the comments section if you need help with that.
-
- Extract the wallet file and run ‘lux-qt.exe’
- c. Wait for the wallet to sync with the blockchain (might take a while)
- d. Click on File -> Receiving Addresses
- e. Just copy the address (you can right click the cell)
Best Mining Hardware for Luxcoin
- GPU: GTX 1060 6GB (2.4 Mh/s) , GTX 1070 Ti (4.5 Mh/s), GTX 1080Ti (6.2 Mh/s)
- Motherboard: ASRock H81 PRO BTC R2.0
- CPU: Intel Celeron G1840 Processor
- RAM: Kingston HyperX Fury 4GB 1333MHz DDR3
- PSU: for GTX 1060 2x Corsair 650W, for GTX 1070 2x Corsair 750W, for GTX 1080 Ti 2x EVGA 1000w GQ
- SSD: Silicon Power 120GB SSD
- Dual PSU Adapter: ADD2PSU Multiple Power Supply Adapter
- USB Risers: VER 008S, 6-Pack
- Frame: https://1stminingrig.com/product/aluminum-mining-rig-open-air-frame/
- ready made mining rigs: https://1stminingrig.com/product/1stminingrig-g6-power-mining-rig-nvidia-gtx-series/
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How to mine Lux with Nvidia GPU
- Download the Miner: precompiled version https://mega.nz/#!EpwU1QzA!c7WrLIcw1j7fLcEqkIIzqw0Ef9hUU46hSx0fGWtNrMA original source https://github.com/tpruvot/ccminer/releases
- extract the contents
- replace your wallet address in .cmd files then save, exit and run it
I have tested the new PHI2 algorithm with different Nvidia GPUs, for hashrate results check below.
IMPORTANT: Make sure you set custom fan speed in MSI Afterburner fan settings, don’t let that thing to run on auto, i have seen many of you guys do that and is wrong, try use the fans at 100% speed if needed and always try to keep the temps at maximum 55c. Try to extend your GPU’s life and not the fans
here is what is usually use GTX 1050 Ti 4GB
MSI GTX 1050 Ti GAMING X BV 4GB
- Hashrate: 1,300 Kh/s
- Clocks +150/+0
- Power Limit 100
- Power Draw 50w
- -i 19
- full review
MSI GTX 1050 Ti 4GB Luxcoin PHI2 Mining Hashrate
Gigabyte GTX 1050 Ti 4GB Mining Rig Ravencoin Mining Hashrate
GTX 1060 3GBMSI GAMING GTX 1060 3GB OC
- Hashrate: 2,000 Kh/s
- Clocks +150/+0
- Power Limit 100
- Power Draw 60w
- -i 20
- full review
MSI GTX 1060 3GB Luxcoin PHI2 Mining Hashrate
MSI GTX 1060 3GB Mining Rig Ravencoin Mining Hashrate
GTX 1060 6GBGigabyte GTX 1060 G1 Gaming
- Hashrate: 2,400 Kh/s
- Clocks +150/-300
- Power Limit 85
- Power Draw 65w
- -i 20
- full review
Gigabyte GTX 1060 6GB Luxcoin PHI2 Mining Hashrate
Gigabyte GTX 1060 6GB G1 Gaming Mining Rig Ravencoin Mining Hashrate
GTX 1070 8GBGigabyte GTX 1070 G1 Gaming
- Hashrate: 3,500 Kh/s
- Clocks +100/-200
- Power Limit 75
- Power Draw 90w
- -i 20
- full review
Gigabyte GTX 1070 8GB Luxcoin PHI2 Mining Hashrate
Gigabyte GTX 1070 8GB G1 Gaming Mining Rig Ravencoin Mining Hashrate
GTX 1070 Ti 8GBGigabyte GTX 1070 Ti 8G
- Hashrate: 4,090 Kh/s
- Clocks +150/-200
- Power Limit 70
- Power Draw 90w
- -i 21
- full review
Gigabyte 1070 8GB Ti Lux PHI2 Mining Hashrate
Gigabyte GTX 1070 8GB G1 Gaming Mining Rig Ravencoin Mining Hashrate
GTX 1080 8GBMSI Gaming GTX 1080 8GB
- Hashrate: 4,300 Kh/s
- Clocks +100/-200
- Power Limit 65
- Power Draw 90w
- -i 21
- full review
MSI GTX 1080 Luxcoin PHI2 Mining Hashrate
MSI GTX 1080 Ti Gaming X Mining Rig Ravencoin Mining Hashrate
GTX 1080 Ti 8GBMSI GTX 1080 Ti 11GB GAMING X
- Hashrate: 6,250 Kh/s
- Clocks +100/-200
- Power Limit 70
- Power Draw 130w
- -i 22
- full review
MSI GTX 1080 Ti 1GB Luxcoin PHI2 Mining Hashrate
MSI GTX 1080 Ti Gaming X Mining Rig Ravencoin Mining Hashrate
GTX P104-100Colorful P104-100 4G
- Hashrate: 3,400 Kh/s
- Clocks +150/-200
- Power Limit 65
- Power Draw 90w
- -i 21
- full review
ASUS P104-100 Mining Edition Luxcoin PHI2 Hashrate
gigabyte p104-100 4gb mining video card
GTX P106-100INNO3D P106-100 Mining 6Gb Samsung
- Hashrate: 2,350 Kh/s
- Clocks +150/-200
- Power Limit 75
- Power Draw 70w
- -i 19
- full review
ASUS GTX P106-100 Mining Edition Luxcoin PHI2 Mining Hashrate
ASUS P106-100 6GB Mining Edition
Before to continue further, please share this thanks!
How to mine Lux with AMD GPU
Currently not available, the developers are working this!
RX 470 4GB- Hashrate: TBA Mh/s
- Clocks TBA
- Power Draw TBA
- -i TBA
- full review: Sapphire RX 470 Nitro+ OC 4GB
- Hashrate: TBA Mh/s
- Clocks TBA
- Power Draw TBA
- -i TBA
- full review: Sapphire Nitro+ RX 570 4GB
- Hashrate: TBA Mh/s
- Clocks TBA
- Power Draw TBA
- -i TBA
- full review: Sapphire Nitro+ RX 580 4GB
- Hashrate: TBA Mh/s
- Clocks TBA
- Power Draw TBA
- -i TBA
- full review: Sapphire Nitro+ RX 580 8GB
Useful Links
In the first post of the official Luxcoin Bitcointalk thread, you can find the list of active pools, as well as the links to the latest versions of mining software. They have also links to the block explorer and the exchangers (there are only three as for today)
There are about thirty pools to choose from, my advice is to try at least few of them to see which one suits you the best.
 In Conclusion
As for today, mining LUX might not be too profitable – the coin is new and most of the products that work with the coin are still being developed. I do believe that soon we will see its true worth, though. Many respectable investors and entrepreneurs believe in Luxcore (the project behind Luxcoin) and if the project takes off as expected, we might see Luxcoin skyrocketing in price.
Is this a good time to mine LUX? I believe it is. If you are not in a rush to get immediate return from your mining, you might want to give Lux a try. Personally, I will be mining some coins and hold them for few months, see how it goes. What about you?
Thank you for reading. As always, your comments, suggestions and questions are welcome.
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