Before digging about the best Litecoin Mining Pools 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.
If you don’t know about the methods used by mining pools to pay then read this post first. In this post, we wrote an article on different methods used by mining pools to pay their users.
For the Litecoin mining pool chart, visit the mining pool stats website.
The current Litecoin price is 42.89$ (at the time of writing).
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.
Best Litecoin Mining Pool
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 an 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.
Litecoin Solo Mining Pool
Litecoin Mining Pool Calculator
Litecoin Mining Software
Easy Miner and CGMiner are available free litecoin mining software to use in windows and Linux. CGMiner was launched in the year 2011 and it is still the best Bitcoin and Litecoin software for mining purposes.
Litecoin Mining Difficulty
If you are following litecoin mining difficulty on platforms like bitinfocharts then you know how difficult litecoin mining is.
The Litecoin mining difficulty is 8.66 M (8,661,463.60), according to Coinwarz.
Conclusion: This is the best and trusted Litecoin mining pool. But use and choose them according to your needs. We recommend using the first one “LiteCoinPool”.
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