Here are some fast facts for the current state of LTC:. Halving is an important element of any cryptocurrency. For a more in-depth review, jump over to our article on Bitcoin halving , which shares many similarities with Litecoin. Unfortunately, as coins grow in both age and popularity, it becomes harder and harder to mine with low-cost equipment. A note of caution : the more powerful your rig the better chance you have of scoring LTC.
Keep this in mind when you consider how much you want to invest. The downside here is that you will have to bear the full brunt of the costs of mining. You may go for extended periods without winning any LTC. On the other hand, a mining pool functions the same as solo mining, except you get to pool your resources with other miners for a better chance to get a payout.
For those looking to outsource the hardware requirements, cloud mining is the right way to go. This requires you select an appropriate cloud mining company, choose the right mining package, and select a good mining pool. Not so fast. Make sure to check in with the calculator when considering your hardware and mining pool costs. If you have questions or need advice, check out the LTC subreddit. This active subreddit can help you design the best Litecoin miner.
Your mining computer, or rig, is the critical piece that will determine how effective you are at minting new coins. Litecoin rigs can have from two to five GPUs or more. The rig will also require significant RAM and cooling for the rig. This is a dedicated mining machine. Below are a few Scrypt miners available on the market. Not all miners are created equal, so do your research on power versus affordability.
Below are a few different options. There are several mining programs that to choose from, so make sure you do your research on the best one for your rig. For those who went with an ASIC, it should have mining software already installed. The specifics of configuring a mining program are beyond the scope of this article.
For those looking for more detail, head over to the LTC wiki for mining software. For those interested in pooling mining resources, selecting a pool is a critical part of the process. Pools have different fees and minimum payouts and have certain hardware requirements. Follow these five guidelines when evaluating a pool. Now that you have an idea of what to look for, here is a selection of mining pools that offer LTC. Want to avoid the pools with the most users? However, five you should consider are:.
While Litecoin mining might not be as profitable as it once was, it can still be worth the time and effort provided you account for several different factors such as hardware and software, the various methods to mine Litecoin as well as how long it will take. Save my name, email, and website in this browser for the next time I comment. Skip to content Home Crypto Mining Litecoin mining software. Table of Contents. Share this post. Tags: guide Litecoin mining. Previous How to use a Monero Mining Calculator.
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