This Bitcoin mining pool allows you to mine with minimum effort. The platform is available in languages such as Russian, Spanish, Japanese, French, and more. Moreover, Pool BTC has its own payment system called Federal Personnel and Payroll System . Litecoin mining can be expensive especially for solo miners.

SlushPoolSlush is considered one of the best and most popular mining pools, even though it is not the largest. CoinTronOn 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. Nicehash 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. Some pools offer to withdraw profits to different payment systems and to bank cards.

Top 14 Litecoin Mining Pools – Which One To Use?

Well, most of the below-listed criteria points are rooted in basic common sense, like fees , pool reputation, and uptime. PPS – 2.5% commission, the payment goes for each share sent. The price of one share is equal to the number of coins in the block divided by the difficulty of mining. Antpool interfaceAntpool is a Chinese mining pool founded by the BitMain company, one of the largest ASIC manufacturers. Today, Antpool extracts about 18% of all crypto blocks. According to the official website of Antpool, it has support for 15 different cryptocurrencies.

• High variance reward system to those that like a gamble.
• This digital currency attracts crypto enthusiasts with its stability and decent speed.
• However, these pools provide instant payouts regardless of when the block is found.
• It is commonly used as a payment method due to its low fees, quick confirmation times, and general ease of use.
• MultiMiner is a mining tool that helps you monitor, configure, and control any MultiMiner rig available on the network.
• It is one of the best mining pools used to discover blocks by using your computational power.

LitecoinPool is a Pay-per-Share mining pool and has become one of the most renowned Litecoin mining pools. Its PPS scheme has been demonstrated to be very convenient since you get a payout even if the Litecoin network orphans a block. LitecoinPool has eight servers distributed globally and offers a high level of security.

The Importance of Non-Custodial Exchanges & Self-Custody Wallets

There is no “normal” or “standard” or “base” difficulty for Litecoin pools. I paid the wrong wallet address and I need time to recoup the money to pay the miners fee. Aside from Bitcoin, F2Pool also supports mining Litecoin , Ethereum , Zcash , as well as other coins. There’s a daily automatic payout, and the minimum withdrawal is 0.005 BTC. Announced in 2010, SlushPool was the very first Bitcoin mining pool and undoubtedly led the way for many other mining pools to come. Simply put, shares are units that allow pool owners to calculate an individual miner’s contribution to the hashing effort.

Best Litecoin mining profitability calculator with difficulty, hashrate, power consumption , and kWh preloaded for 2023. Joining a mining pool is the logical thing to do if you want to make money mining Bitcoin. As you can see the pools vary in size, payment methods and fees. With mining pools, miners manage to solve problems more often than they would mining solo. The rewards are then split between the pool members, proportionally to the amount of hashing power their gear contributed to the solution.

Litecoin Block Reward

ViaBTC is the fifth largest Litecoin pool in the world. It uses the PPS payment model, and is unique in that you can get paid in any coin you like. So, you could mine Ethereum, but get paid in Litecoin or Bitcoin if you like. You can even choose U.S. dollar payouts if you like, and unless you’re asking for very small payouts there are no payout fees at ProHashing. Instead, ProHashing aims to have a flat 4.99% fee that includes the use of all their features. ProHashing is the ninth largest Litecoin mining pool, and has been in operation since August 2014.

If your hashrate is low you’ll get paid more often from Litecoinpool. Seems it’s either an issue with real ASIC difficulty or how the minis connect, depending on who you ask. It’s been another week and my overall payout is higher there and I just convert some of the LTC to Doge. The interface is definitely nicer on F2Pool but I’ll take a higher payout over the interface.

Electricity costs are one of the main reasons why so much mining happens in China, where there is an MATIC abundance of cheap hydropower. If profit is your main focus then two factors will determine whether it’s worth it or not, electricity and hardware costs. I want to run them for 24 hrs before I switch the pools.

Instead choose a smaller pool, or you could even consider using P2Pool, which is a peer-to-peer public mining network that can be joined by anyone without registration. The P2Pool nodes are completely decentralized , and can be connected to using your Litecoin wallet address as the username and anything at all as the password. The decentralized nature of the P2Pool networks encourages improved security and promotes a wider distribution of nodes.

The minimum payout is 0.001 BTC, and the commission depends on your balance and the type of wallet used. The pool allows you to mine cryptocurrencies Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, Dash, Bitcoin Cash, and Siacoin. Miners are required to pay a little service commission of 4% for share payments and 2% for PPLNS payments. Notwithstanding the way that viaBTC isn’t “100% free”, it is as yet a decent alternative for mining Litecoin, as the service pays 800 DOGE for each LTC mined. 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”.

There have been very few complaints about the legitimacy of this https://www.beaxy.com/ throughout the past. Owned and operated by Bitmain, the world’s largest mining hardware producer, the pool was launched in 2015. The pool is said to be the one utilized by past Bitcoin community members and the current most famous Bitcoin Cash promoter, Roger Ver.

A distinctive feature of viaBTC is the detailed FAQ section which includes all the necessary information. ViaBTC also ensures transparency, so you can always check the hash of the pools. In addition, you can easily track, control and calculate revenue. ViaBTC offers daily payments along with automatic commission deductions.

They best ltc pool other detailed statistics such as mining efficiency, miners count, hash rate, etc. For anyone who owns a Scrypt miner, this is one pool that is recommended, the ability for payout in any cryptocurrency or even USD via Coinbase is excellent. Prohashing is a multi-cryptocurrency mining pool that pays miners in any coin. You can mine hundreds of coins on ProHashing, as they support SHA-256, X11, Scrypt, CryptoNightV8, and many other algorithms. Similar to bitcoin mining, Litecoin mining is concentrated within the three biggest mining pools that constitute more than 50% of the hashing power. Each pool charges different fees and has various payout schemes.

And by using the Litecoin mining pools listed above you can be sure you’re getting reliability and safety from well established mining pools. You’ll also be assured of low fees and the strongest hash rate when you chose a pool that has servers near your own location. Remember, bigger doesn’t mean better when it comes to mining pools. Pooling offers a website with extensive FAQs and instructions on how to configure your mining setup and on pretty much anything mining-related that would interest you. Each of the minable coins comes with its own fee and payment method which are detailedhere.

The pool shares the Bitcoin earned in ratio to the contributed hash power into the pool. Launched in 2011, Litecoinpool is the oldest of the mining pools for Litecoin and in 2012, it contributed about 40% of the total hash power. Litecoinpool is based on the PPS system of reward sharing and is a highly scalable platform for mining. It is based on ‘TLS Stratum encryption’ which makes the platform highly secure for miners. I must admit I’ve never had any issues with litecoinpool but their rewards are about 25% down on what the sites are saying even at 0% fee pool.

Once the pool finds a block, all contributors are paid directly, according to their shareholding as reflected in the sharechain. Payment is issued by the sharechain and without third party involvement. Because of that registrations were closed for several months, and since then it has required approval to get accepted to the LitecoinPool.org pool. The pool was also the first to offer secure mining over TLS-encrypted Stratum connections, protecting miners from potential man-in-the-middle attacks.

Genesis best ltc pool is one of the best mining pools that offer to mine for hobby miners, newcomers, and large-scale investors. The platform provides an easy way to mine cryptocurrencies. 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. ViaBTCLike LitecoinPool, viaBTC offers its clients a strategy for paying for the share .