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If you mine Litecoin solo, your chances of getting a reward are low, even with a powerful computer. Joining a Litecoin pool increases your chances of mining profitably. An LTC pool is a collaborative group of miners who combine their computational resources to try to solve the said equations and therefore verify blocks faster.

Litecoin is developed with a focus on speed, efficiency, and wider initial coin distribution through the use of scrypt-based mining. Slush is the first mining pool, which currently produces about 3% of all blocks. NiceHashThus, you can mine Litecoin and get paid in Bitcoins. The minimum payout is 0.001 BTC, and the commission depends on your balance and the type of wallet used. AntPoolAntPool mining pool also provides cloud mining.

BEST Litecoin Mining Software & Apps: Free LTC Miner (

In addition, you can easily track, control and calculate revenue. ViaBTC offers daily payments along with automatic commission deductions. Find the information about supported payment systems and payout rules and fees, because the lower the commission, the greater the earnings. Another important aspect is the minimum payout level, as well as payout intervals. Let’s overview the best mining pools for Litecoin for you to make an informed decision and maximize your earnings.

• The physicist has couple of years of professional experience as project manager and technological consultant.
• Unless you have a lot of computing power , you should probably mine in a pool.
• If possible, please help the network by mining with a pool that doesn’t have a large part of the network hashrate.
• Note that when mining Scrypt you also need access to a lot of computer memory.
• That was a perspective but quite risky business because nobody knew if Litecoin was going to be a stable project or it would crash next year.

The most serious disadvantage of CGMiner is the lack of a graphical shell. It is a console miner that will be difficult to configure for beginners. All data for connecting to the pool, as well as the degree of load and other production parameters, will have to be entered “by hands” in the configuration file. The pool does not require mandatory registration, while registered users get access to detailed statistics. With the Exodus charts, you can zoom in or out on just about any time frame so you can get a micro or macro level view of price action. Evaluate the geographic proximity of the pool because it affects mining performance.

In order to start mining, you need to create an account on the Coinotron website and follow the instructions. The site, by the way, provides statistics of the most powerful miners and the latest confirmed blocks for every available to mine cryptocurrency. If you want to mine Litecoin, it will require investments in hardware, facility and many related things.

Is Litecoin Mining Profitable?

BTC.com uses the method of rewarding miners known as FPPS . Splitting the transaction fees, especially when they are high, makes mining much more lucrative which may explain BTC.com’s popularity. GiveMeCoins is an evolution of the original Litecoin and FeatherCoin pools which was created by miners Serraz and Khaos for all fellow miners. It supports the Stratum protocol, has dedicated servers, and 24/7 Support.

The chances of winning rewards are more and are proportional to how much electricity or mining costs you are sharing. This system of sharing is called PPS or pay-per-share where you share the expenditures. They have to buy mining equipment and pay for the electricity which can be overwhelming in the long run. The mining market can be volatile and miners can go without rewards for weeks.

ViaBTC is currently ranked as the world’s fifth-largest cloud mining pools. It offers mining services for multiple cryptocurrencies like Bitcoin, Bitcoin Cash, Dash, Zcash, Ethereum, and our very own Litecoin. Litecoin mining was introduced in 2016 and the rewards are offered on PPS and PPLNS (pay-per-last-N-shares) basis. ViaBTC offers some flexibility in the mining fees as there is a choice of how they are paid.

https://www.beaxy.com/ does not require registration, although some of the older ASIC firmware versions are not compatible with Nicehash. Despite charging a commission for orders in the amount of 3%, the sale of hash power on NiceHash is more profitable than cryptocurrency mining. The pool allows you to mine cryptocurrencies Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, Dash, Bitcoin Cash, and Siacoin. A “pool” is a server that distributes a task among all connected participants. The contribution of each of them is evaluated using the so-called “share”.

Systems for earning cryptocurrency almost 100% consist of compatible equipment. If yours is out of date, then the contribution to the pool will be negligible and you will receive a small profit. Evaluate the power of your PC and see if it fits the pool requirements. The main disadvantage of the pool is that it also does not really have an actual support service. If you have any questions, you can only search for an answer on a help-page.

Litecoin was created back onthe 7th Oct 2011by Charlie Lee, an ex-Google employee who quit working in order to focus on Litecoin full time. You canread his blog here.Litecoin was designed to complement Bitcoin by solving issues like transaction timings and concentrated mining pools. However, ASIC manufacturers are not standing still so you can now find ASIC rigs which can mine Scrypt coins. Either way, if you are mining solo you will need massive resources to mine Scrypt productively. Pooling with other miners in a Scrypt pool is a better option, you can contribute your own mining power to the pool to improve the overall chances of earning a reward. It gives you faster mining results, but the overall reward is lower.

There are much more acceptable coins for CPU/GPU mining in 2018. When choosing a mining pool you should consider at least two factors, how long it’s been active and what the fee is. The longer the pool has been around the more reliable it is. And the lower the fee, the more of the profits you’ll keep for yourself.

How to Choose a Mining Pool for Litecoin?

Aside from the fact that a graphic chip has more processing power than a general-purpose CPU, it’s also true that graphics chips are better at a single operation. AMD ETH GPU’s are best-suited to Scrypt because they are cheaper and better performing than their Nvidia counterparts. Note that when mining Scrypt you also need access to a lot of computer memory.

• This page lists all known mining pools along with many of the important details needed to choose a Litecoin pool which best suits you.
• Before you commit to buying some ASICs and setting up a mining operation, it’s a good idea to find out what your estimated profitability could be.
• It’s a pay-per-share pool and a merged mining pool as well, which can yield the best results at times thanks to the mining of the secondary coin.
• This digital currency attracts crypto enthusiasts with its stability and decent speed.

About 2-3 years ago, there were some coins mineable without pools. Unfortunately, after a big rising in the industry in 2017, such an approach became a waste of money. Despite a different hashing algorithm, Bitcoin and Litecoin have a lot in common, and both support mining. It is meaningless to try to mine Litecoin with your computer now because ASICs for Scrypt algorithm have already been producing.

However, it is important to point out that some of older versions of ASICs firmware are not compatible with Nicehash. Before connecting to a server, make sure that you have the latest version of firmware. Full instruction is available on the official Nicehash website. Another reason that mining Litecoin could be worth it is if you have access to cheap mining rigs. It’s important to factor in equipment costs since mining gear becomes outdated and inefficient so quickly. If profit is your main focus then two factors will determine whether it’s worth it or not, electricity and hardware costs.

It is definitely the best Litecoin mining pool in 2018. Previous services are mostly MATIC multiple and support many cryptocurrencies. Litecoinpool.org is incomparably better for Litecoin miners. ViaBTC interfaceViaBTC is one of the highest-rated Litecoin mining pools worldwide.

If best scrypt mining pool recovers back to late 2017 prices by the end of 2018 you could be sitting on a valuable stash of coins. A P2Pool node provides connected miners with low difficulty work. Upon completion of each portion of work, the miner is awarded a pool share.

The best scrypt mining pool initially mostly utilized the Antminer S9 hardware, at the time one of the most powerful ASIC mining devices. Since its establishment, ViaBTC has managed to maintain an uptime of greater than 99.9%, signaling consistency and dedication. It is currently the 4th largest LTC pool by hashrate, producing 32.6 TH/s of hashes. Each submitted share is worth a certain amount of BTC. Since finding a block requires shares on average, a PPS method with a 0% fee would be 50 BTC divided by. It is risky for pool operators, hence the fee is the highest.

It will be easier to determine what type of LTC mining pool is best for you with this information. A pool of this type integrates a separate blockchain to prevent centralization and cheating on the part of the operators. It also prevents the entire pool from failing because of a central problem. Solo – the reward is paid if the correct hash is found. If the block was closed by another participant, the miner will not receive anything. Litecoin has often been called the silver to Bitcoin’s gold.

It is very convenient because it is always better to connect to the nearest server. Litecoin Mining software is a specialized application that uses your computer’s GPU or CPU processing resources to mine cryptocurrency. In exchange for the mining operation, you can receive a monetary reward in the form of digital currency. MultiMiner is a mining tool that helps you monitor, configure, and control any MultiMiner rig available on the network. This Litecoin mining software maintains all personalization you’ve done to that point in a separate and dedicated network. ECOS is the most trusted cloud mining provider in the industry.