Another option is the LitecoinPool which is one of the oldest Litecoin mining pools, having been founded in 2011. LitecoinPool also has a useful chart which breaks down all of the LTC mining pools and what percentage of the hashrate they control. These figures could change at any time, but currently the largest Litecoin mining pool is Poolin. They control about 23% of the hashrate for LTC mining.
It is operated by Bitmain, the largest mining hardware manufacturer in the world. It works on a PPS model, which guarantees payouts to miners for their contribution to the efforts to find LTC blocks. Besides Litecoin, this pool allows mining of other cryptocurrencies, including Bitcoin, Bitcoin Cash, Decredm, Ethereum Classic, and others.
Is It Profitable to Mine Litecoin in a Mining Pool?
However, for buying, they have to open an account in the mining platform. AntPool allows for transparent earnings, and as it is a larger mining pool it endeavors to offer more options. As such, it includes multiple earning modes that include PPS+, PPLNS and SOLO.
Default inputs are preloaded with the latest Litecoin difficulty target and Litecoin mining hashrate for the best Litecoin miner. Accurate Litecoin mining calculator trusted by millions of crypto miners. Best Litecoin mining profitability calculator with difficulty, hashrate, power consumption , and kWh preloaded for 2023. Launched around August 2014, ProHashing is one of Litecoin’s largest mining pools and, of course, the most advanced. It allows users to mine Litecoin and other SHA-256, Equihash, and x11 coins.
Recent and Popular
The pool operates on a Pay per Share model where the operator gives an instant, guaranteed payout to a miner for his contribution to the probability that the pool finds a block. This model allows for the least possible variance in payment for miners while also transferring much of the risk to the pool’s operator. The pool lets its user’s mine currencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ethereum Classic, Grin, Beam, and Decred. ViaBTC is a Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, Dash, Monero, BTM, and Bitcoin Cash mining pool that always hovers at the top of the hash rate percentages.
ProHashing is the fifteenth largest Litecoin mining pool. In terms of popularity, NiceHash is the most famous Litecoin cloud mining pool. Nicehash platform supports almost all the best algorithms, including Scrypt. In essence, Nicehash enables users to buy and sell computing power, receiving payment in Bitcoins. Hashshiny is cloud mining software that allows you to find profitable mining pools with ease. It also provides a real-time mining hash rate within the application.
Given the current LTC mining difficulty, you should unite your efforts with other miners – this is where Litecoin pools come in handy. Even with the fees viaBTC can be quite profitable as it uses merged mining and pays out 800 DOGE for every 1 LTC mined. ViaBTC also offers cloud mining for those that don’t want to deploy their own hardware.
https://www.beaxy.com/ is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin has 75 mining pools and uses the Scrypt algorithm. Established in 2013, this Chinese mining pool supports several cryptocurrencies – BTC, ZEC, LTC, SC, ETC, ETH, DASH, DCR, XMR, and XZC. F2Pool has servers in the USA and Asia, and registration is required to access them. The average commission ranges from 0.04 to 4%, and the minimum payout is 0.01 LTC.
Litecoin is a cryptocurrency launched on October 7, 2011. Its creator, Charlie Lee, envisaged it as a faster alternative to Bitcoin . Unlike mining other cryptocurrencies using PoW , mining Litecoin is still profitable. Poolin is very popular among cryptocurrency miners, as it provides high income and offers several convenient tools to increase the efficiency of mining. For example, using a Mining profitability calculator you can determine the size of the potential profit from the extraction of digital assets on various equipment. If you have an ASIC or GPU and want to add LTC to your crypto portfolio, it’s not too late to try LTC mining.
According to the official website of Antpool, it has support for 15 different cryptocurrencies. LitecoinPool.org interfaceThis is the best mining pool for Litecoin that deserves its good reputation. Litecoinpool offers joint mining and features a transparent Pay Per Share reward system. This model guarantees a reward for every valid share that you send. Because of the lower prices the difficulty of mining is currently lower, and the cost of the mining hardware is also lower.
- Miners can always monitor and view the hash rates and check their earnings.
- Is particularly helpful as it contains a detailed explanation of how pay-outs are measured by each user’s scoring hash rate.
- Another important aspect is the minimum payout level, as well as payout intervals.
- This Litecoin mining program offers a user-friendly dashboard to analyze rising and falling asset values.
- LitecoinPool.org interfaceThis is the best mining pool for Litecoin that deserves its good reputation.
Created in 2013, the Chinese mining pool supports several cryptocurrencies – BTC, ZEC, LTC, SC, ETC, ETH, DASH, DCR, XMR, and XZC. F2Pool has servers in the USA and Asia, registration is required to access them. The average commission is from 0.04 to 4%, and the minimum payout is 0.1 ETH, 0.001 BTC, 0.01 LTC, and 0.1 ZEC. Coinotron is one of the most popular multicurrency mining pools, which includes support for ETH, LTC, DASH, ETC, FTC, PPC, VTC and VIA. The platform includes reward methods such as PPS, RBPPS, and PPLNS, which makes it a good option for users who want to diversify their mining activities.
It is the fourth largest Litecoin mining pool by produced hashrate (32.6 TH/s). It is a multi-currency pool, allowing the mining of hundreds of cryptocurrencies. It supports many hashing algorithms, including SHA-256, Scrypt, etc. NEAR Payouts are in any cryptocurrency or even fiat money via Coinbase. It is an excellent alternative for any owner of a Scrypt miner.
Scrypt is unique because it makes solving artificially complicated by filling the cryptography mechanism with “noise”. These random numbers mean that working out the Scrypt algorithm takes longer. Bitcoin is just one example of a coin that does not use Scrypt. Indeed, coins based on Scrypt is very popular with miners because you can still mine Scrypt-based coins using normal home computers that have a reasonably powerful CPU and GPU.
Prohashing has been providing free mining pools since 2013. They offer mining services for multiple cryptocurrencies. Prohashing allows its users to accept rewards in their chosen cryptocurrencies, provided they are enlisted in the cryptocurrency payout list of the mining pool. The platform is simple, secure, and transparent and easy even for new miners.
What is the best mining pool for Litecoin?
This is one of the oldest and largest Litecoin mining pools. It's a pay-per-share (PPS) pool and a merged mining pool as well, which can yield the best results at times thanks to the mining of the secondary coin.
There are a couple of different Litecoin mining calculators. In general, most calculators return a similar result, but you still may want to check several of them just to make sure. Here is the CryptoCompare mining calculator, as well as the Litecoin Pool calculator. While it’s possible to buy a used L3++ for about half the price, you should be wary of doing so. Used ASIC miners have a high tendency to fail, and sellers are not always willing to replace the defective unit. If you live somewhere with especially cheap electricity then Litecoin mining could definitely be worth it.
BitMaintech continues to grow and its Antpool project remains one of the leaders amongst mining sites. The platform provides a high-quality and user-friendly service and is suitable for users from different countries. The pool attracts many miners with its scalability and security. It also offers miners protection by implementing encrypted TLS connection.
— crypto hearsay (@HearsayCrypto) December 13, 2017
It is probably the most successful and certainly the most fork of Bitcoin. In the last few years, it has become an independent project with its own technologies and philosophy. Like most cryptocurrencies, the price of Litecoin can be volatile. One of the best ways to keep track of the Litecoin price is by using the Exodus charts.
NiceHash operates on the Scrypt algorithm, SHA-256, X11, and Script-Adaptive-Nfactor. All accounts and transactions are secured by a two-factor authentication program. Miners get 25 LTC as a reward for generating a block. The maximum supply of Litecoins or LTC is fixed at 84 million which is much higher than Bitcoins.
Hive OS is one of the best Litecoin miners that enables you to efficiently set up, mine, and control mining processes. This Litecoin mining software helps you monitor your trading from a single dashboard. Litecoin Mining software are specialized tools that use the computing power of your system in order to mine cryptocurrency. In exchange for a mining operation, you receive a monetary GAL reward in the form of digital currency. A distinctive feature of viaBTC is the detailed FAQ section which includes all the necessary information. ViaBTC also ensures transparency, so you can always check the hash of the pools.
Below I’ll take a closer look at several popular Litecoin mining pools, as well as discussing the P2Pool option for mining. Beyond that is a short discussion regarding the recent addition of ASIC Litecoin mining hardware, and what that can mean for Litecoin miners. Another one of the largest mining pools, AntPool, was founded in 2014. The pool was founded by Xu Lingchao and Tian Xin and operates from China. The pool currently lets you mine a fairly solid number of cryptocurrencies, including BTC, BCH, LTC, ETH, ETC, ZEC, DASH, SC, XMC & BTM. There have been very few complaints about the legitimacy of this pool throughout the past.
But the dagger was susceptible to pressure in best scrypt mining poold memory hardware acceleration. A hashing algorithm is a cryptographic hash function that maps data of any random size to a hash of a fixed size. Involves financial risks and may not be appropriate for all people. The information presented here is for information and educational purposes only and should not be considered an offer or solicitation to invest to IQ Mining or elsewhere. Any investment decisions that you make are solely your responsibility. IQ Mining does not provide service for USA residents.