Before digging about the best Litecoin Mining Pool you must have a Litecoin wallet that you can get from Litecoins official website or use exodus wallet. Litecoin was launched in Oct 2011 and it is also known as the Lite version of Bitcoin.
There are many reasons why you should mine Litecoin instead of Bitcoin. Follow are some reasons why you should mine Litecoin.
- Litecoins generate more blocks than a Bitcoin.
- 12.5 LTC is a reward for generating every Block and these numbers get half every 4 years.
- Litecoins maximum supply is 84 million.
- Litecoin is based on the Proof-of-Work consensus hashing algorithm called the Scrypt
LitecoinPool: The old is gold. I am saying that because it was launched in the year 2011 and very active since that. It has a record of having 40% of the market of mining hash power. LiteCoinPool is supported by TLS Stratum encryption. It has both automatic and manual payouts. 2FA is available and JSON API too.
ProHashing: This is one of the best mining pools for the year 2020. It was launched in 2013. It was launched by two brothers and one engineer. Prohashing is a Limited Liability Company, registered in the state of Pennsylvania, as Prohashing, LLC. Mine pay-per-share (PPS) for simple constant earnings. Or, mine pay-per-last-N-shares (PPLNS) for lower fees with higher variance.
MultiPool: Here you can mine multiple coins (more than 20 coins) as it has a name but withdrawal is only in LTC. The reward system is PPLNS and Proportional. The withdrawal fee is null.
NiceHash: It is not only a mining pool. It has also exchange and cloud mining platform. You can even get paid in BTC. The payout level is 0.001 BTC. The fees depend on a balance and a wallet type. Miners can work without creating an account. Multiple currencies are supported.
Conclusion: This is some best and trusted Litecoin mining pool. But use and choose them according to your needs. We recommend using the first one “LiteCoinPool”.