Since its inception in 2011, Litecoin (LTC) has always been one of the most sought-after cryptocurrencies. This Digital currency attracts with its stability, because it confidently holds the top ten cryptocurrencies, not to mention the fact that the network is almost four times faster than the Bitcoin network.
Despite the fact that Litecoin was created asan improved version of bitcoin with block verification every 2.5 minutes (instead of 10), the cryptocurrency still uses the PoW algorithm (proof of work). Like Bitcoin, the coin also needs to be mined, which becomes more effective due to joining the mining pool.
There are many good mining pools for mining Litecoin cryptocurrency, however, before making a choice, check out a couple of tips and tricks.
- First, what needs to be done is to evaluate the geographic proximity of the pool, because it affects mining performance.
- Secondly, you need to carefully study the payment system, because the lower the commission, the greater the earnings. Another important aspect is the minimum payout level, and the shorter the payout intervals, the better.
As the name implies, viaBTC is a pool formining with several cryptocurrencies, which began its activity as a bitcoin pool in June 2016. Currently, it includes mining pools of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Zcash and Litecoin, which makes it one of the most versatile mining pools in the world.
Like LitecoinPool, viaBTC offers itsusers share payment method (PPS). One of the main advantages of this pool is the fact that it offers cloud mining, making the process accessible even for those users who cannot afford the once expensive mining equipment.
Miners are required to pay a small commission for4% service for payments per share and 2% for PPLNS payments. Despite the fact that viaBTC is not “completely free”, it is still a good option for mining Litecoin, as the service pays 800 DOGE for every LTC mined.
LitecoinPool is one of the most famous andthe oldest Litecoin mining pools, which was launched in 2011 by one of the developers of Litecoin. It has eight servers scattered around the world.
Other benefits include paying forshare and combined mining pool. This combination of functions guarantees payment, even if the network unit is orphaned. It is also worth noting that this is one of the first pools to offer secure mining on Stratum connections with TLS encryption.
Launched around August 2014,ProHashing is one of the largest mining pools of Litecoin and, of course, the most advanced. It allows users to mine Litecoin and other SHA-256, Equihash and x11 coins. It should be noted that ProHashing allows you to mine automatically, which increases the profitability of mining.
The pool stands out among its competitors uniquea payment system similar to the PPS model. The system guarantees that you can get various coins and receive payment in other, including fiat, currencies. The service does not charge a transaction fee, but users pay a fixed 4.99%.
P2Pool - another type of mining pool, this is publicp2p mining pool. Any person can join it without registration, which makes him extremely accessible. It is fully decentralized and provides enhanced security. A reward is paid after completing each part of the work.
In other words, as soon as the pool finds a block, miners are paid directly in accordance with their share.
Coinotron - one of the most popularmulticurrency 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.
On average, the platform charges a mining commission of 0.4%, the minimum payout is 0.1 ETH. The pool allows its users, for example, to mine Litecoin, and withdraw Dogecoin.
Last on the list is the popular mining pool andarguably the world's largest F2Pool. It provides support for three different languages, the availability of joint mining, multicurrency mining, real-time speed monitoring, DDoS protection and full support for Stratum.
Created in 2013, the Chinese mining poolsupports 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.
We hope this list helps you become a successful Litecoin miner. However, before choosing a specific pool, study the options and calculate the profitability of each pool.
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