Top Litecoin Mining Pools
Litecoin has been one of the most popular cryptocurrencies since its creation in 2011. This digital currency is not only about four times faster than the Bitcoin network but also remains stable among the top 10 cryptocurrencies. Litecoin was created as an improved version of Bitcoin for faster block verification, but cryptocurrencies still use the PoW (Proof of Work) algorithm. Like Bitcoin, it requires mining, so it is better to join the pool.
Many investors just swap ETH to ADA (or any other coins), not knowing that they can mine cryptocurrency and get more profit from it. “Pool” is a server that distributes tasks to all connected participants. More than 95% of miners work through the pool.
Litecoin Pool is one of the most famous and reliable pools created in 2011 by one of the developers of Litecoin. It has 8 servers worldwide. In addition, they allow joint mining with a transparent reward system called PPS payment. The combination of features ensures that you will be rewarded even if your block is in “Orphaned” status. Importantly, it is also one of the leading groups that provide secure mining on Stratum connections with TLS encryption.
ViaBTC is a Chinese mining group founded in 2016. It has a global presence with servers in more than 130 countries. Leading the mining industry, it supports more than a dozen currencies, such as Litecoin, Bitcoin, Ethereum, and Dash. However, ViaBTC is more than just a pool. It has related products such as its Via Wallet crypto wallet and multiple crypto exchanges. ViaBTC also aims to provide a certain degree of transparency to its members.
Launched in August 2014, Prohashing is undoubtedly one of the largest and most advanced Litecoin mining pools. It can mine Litecoin, SHA-256, Equihash, and x11 coins. It is worth noting that Prohashing allows automatic mining, which improves the profitability of mining. It is a one-time payment system similar to the PPS model and stands out among competitors. Prohashing guarantees that you will receive several currencies and will be able to receive payments in other currencies, including fiat money.
It is one of the largest pools today, mining about 11% of all blocks. It is owned and operated by Bitmain, based in China, and manufactures Antminer series ASIC mining devices. AntPool has servers worldwide and uses an innovative peer-to-peer mining protocol to link your device to the nearest server during setup for faster and more reliable connections.
In terms of popularity, NiceHash is the most famous cloud-based Litecoin mining platform. It supports almost all the best algorithms, including Scrypt. This mechanism allows users to buy and sell processing power and receive payments in Bitcoin. In this way, you can mine Litecoin and get rewards with Bitcoin. The minimum payout is 0.001 BTC. The fee depends on your balance and wallet type.
It is another cross-platform program with an easy-to-use interface. Bitminter has been operating since 2011 and is considered one of the most reliable services. It has an easy-to-use graphical interface that can behave like a GPU or an external ASIC. The software is designed specifically for Bitminter. Its servers are located in the USA, Canada, and Europe and share mining rewards.
You don’t need to exchange ETH to BAT or BTC to LTC because mining can be more profitable if you choose the right pool. However, before using the pool, be careful not to be scammed. The most important thing is to study the security features installed to protect your account, which will help you secure the profits you get.