TOP-6 mining pools for the production of Lightcoin (Litecoin) on their equipment
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 in the top ten best 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 as an improved version of Bitcoin with block verification every 2.5 minutes (instead of 10), the cryptocurrency still uses the PoW algorithm (proof of operation). Like Bitcoin, the coin also needs to be minted, which becomes more efficient due to joining the mining pool.
Litecoin has many good mining pools for mining Cryptocurrency , however, before you make a choice, read a couple of tips and recommendations.
- First, what needs to be done is to assess the geographical proximity of the pool, because it affects the 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 suggests, viaBTC is a mining pool with several cryptocurrencies, which started its operations as a Bitcoin pool back in June 2016. It currently includes Bitcoin mining , 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 its users a pay per share (PPS) method. One of the main advantages of this pool is the fact that it offers cloud mining, making the process accessible even to those users who cannot afford the once-expensive mining equipment .
Miners are required to pay a small maintenance fee of 4% for payments for a share and 2% for PPLNS payments. Although viaBTC is not “completely free”, it is still a good option for Litecoin mining, as the service pays 800 DOGE for each LTC mined.
LitecoinPool is one of the most famous and oldest mining pools of Litecoin, which was launched in 2011 by one of the Litecoin developers. It has eight servers scattered around the world.
Other benefits include pay per share 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 offering secure mining over Stratum connections with TLS encryption.
Launched around August 2014, ProHashing is one of the largest mining pools of Litecoin and is by far the most advanced. It allows users to mine Litecoin and other coins SHA-256, Equihash and x11. It should be noted that ProHashing allows mining automatically, which increases the profitability of mining.
The pool stands out among its competitors with a unique payment system similar to the PPS model. The system ensures that you can get various coins and receive payment in other currencies, including fiat. The service does not charge a transaction fee, but at the same time, users pay a fixed 4.99%.
P2Pool is a different type of mining pool; it is a public p2p pool for mining. Any person can join it without registration, which makes it extremely accessible. It is completely decentralized and provides enhanced security. The reward is paid after the completion of each part of the work.
In other words, as soon as the pool finds a block, miners are paid directly according to their shares.
Coinotron is one of the most popular multicurrency mining pools that includes support for ETH, LTC, DASH, ETC, FTC, PPC, VTC and VIA. The platform includes such reward methods 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. Poole allows its users, for example, to mine Litecoin, and to output Dogecoin.
Last on the list is the popular mining pool and possibly the world's largest F2Pool . It provides support for three different languages, the availability of unified mining, multicurrency mining, real-time speed monitoring, DDoS protection, and full support for Stratum.
Created in 2013, the Chinese mining pool supports multiple cryptocurrencies – BTC, ZEC, LTC, SC, ETC, ETH, DASH, DCR, XMR and XZC. F2Pool has servers in the US 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 that this list will help you become a successful Litecoin miner. However, before choosing a specific pool, examine the options and calculate the profitability of each pool.
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