Topics


Stratum Ports

stratum+tcp://ltc.poolmining.org:3042 ASIC Mining

CPU and GPU Mining

At the current network difficulty - which will only increase over time - mining Litecoin using CPUs or GPUs is no longer feasible. Even with free electricity the profits are so small that they are hardly worth the effort.


Antminer L3+ ASIC Mining

If you are serious about Litecoin mining then you need to get an ASIC miner which can be bought at Bitmain or BitcoinWare. Checking out EBay for used miners might also be worth a try.

Once you are in possession of your Antminer and completed its physical setup, its time to open the miner's web-interface in your browser. If you have trouble doing this, we recommend watching this video which outlines the entire L3 setup process from start to finish.

Antminer Setup

  • Navigate to the "Miner Configuration Tab" inside the Antminer's web-interface and enter stratum+tcp://ltc.poolmining.org:3042 as the Url for Pool 1.
  • Now enter your Litecoin address in the "Worker" field of the first pool. If you don't know your Litecoin wallet address, read this section first
  • If you are mining on multiple machines/rigs, you can append an identifier of your choice to your wallet address seperated by a dot to make it easier to distinguish between your rigs when evaluating your results. Example: <WALLET ADDRESS>.<OPTIONAL WORKERNAME>
  • Click "Save"
  • You are now good to go to start mining

Getting a Wallet

Before you can start to mine you need to create a wallet. Although Litecoin is a digital asset, you still need a place to store them. This is done in a digital wallet. There are multiple methods to obtain a wallet which vary by ease of use and the security they provide.

Exodus Wallet

Exodus Wallet

Exodus is the a desktop multi-asset wallet with built in ShapeShift support for converting between crypto-currencies. The application is comfortable to use available for Windows, macOS and Linux. One of the best features of this multi-currency wallet the client-side encryption of your private keys which means you stay in full control of your keys which never leave your machine in unencrypted form.

Hardware Wallets

Trezor

A hardware wallet is a special type of wallet which stores the user's private keys in a secure hardware device. Hardware wallets offer robust safety features for storing cryptographic assets and securing digital payments. Popular hardware wallets are the Ledger Nano S and the Trezor.

LiteVault

Another possibility is to create a wallet at LiteVault. Please make sure to immediately backup your wallet keys after creating a wallet. We recommend using a password store such as KeePass or 1Password for that.

Cold-storage wallets

For long-term storage of Litecoin you should create a cold storage wallet. A cold-storage wallet is extremely secure if you guard your monero private key by storing it in a password vault such as KeePass or LastPass or printing it out and depositing the sheet in a real bank vault.

Registering with an exchange

There are multiple digital currency exchanges you can register with. Registering with an exchange allows you to create a wallet on the exchange for every currency the exchange supports. Registering with an exchange is probably the most convenient way to obtain a wallet. Unfortunately it is also the least secure one. Exchanges have been hacked in the past!

Popular exchanges supporting Litecoin are: Bittrex, Poloniex, Kraken, Bitfinex and HitBTC.

Miners 60
Pool Hashrate 413.9 GH/s
Network Hashrate 83.5 TH/s
Network Difficulty 3.2 M
Difficulty/Port
4096 3042
Payout Scheme PPLNS
Fee 0.15%
Minimum Payout 0.1 LTC
Pool Wallet LNDA11u4HWzbJaBGiHDvs6SmA8M6avB3wH
LTC-USD $317.32
LTC-EUR €270.07
:(

This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off.

To see this page as it is meant to appear please use a Javascript enabled browser.