Best Litecoin Mining Pools in 2024: Complete List

Last updated: Feb 21, 2024
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Litecoin (LTC) is a popular altcoin created in 2011 as a faster alternative to Bitcoin. Litecoin blocks are verified every 25 minutes, making the network four times faster than Bitcoin. It is often referred to as the "silver to Bitcoin's gold." While Litecoin uses a different mining algorithm than Bitcoin, it can still be mined to earn Litecoins.

When choosing a Litecoin mining pool, several factors should be considered. The fees charged by the pool are important, as lower fees mean more Litecoins for the miner. The minimum payout level and payment intervals are also important, as miners prefer pools that offer regular and shorter payout intervals. Geographical proximity to the pool's servers can also affect mining performance.

Some popular Litecoin mining pools include LitecoinPool.org, viaBTC, and ProHashing. LitecoinPool.org is one of the oldest and largest LTC pools, offering pay-per-share (PPS) and merged mining options. viaBTC is the fifth-largest LTC pool and supports various cryptocurrencies. ProHashing is the ninth-largest pool and offers PPS payments in multiple coins, allowing miners to choose their preferred payout option.

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It is recommended to avoid using the largest mining pools to prevent a single pool from controlling 51% of the network's hash rate, as this could pose a security risk. Alternatively, miners can consider joining P2Pool, a decentralized public mining network that does not require registration.

Mining Litecoin with a GPU is becoming increasingly difficult as ASIC Scrypt miners, such as the Bitmain Antminer L3, have a significant advantage in terms of mining power. Joining a pool is still the best option for mining Litecoin, even with ASIC miners.

Although mining profitability depends on various factors, such as the cost of hardware and electricity, mining Litecoin can still be profitable, especially if Litecoin's value increases in the long term. By choosing reliable mining pools with low fees and strong hash rates, miners can optimize their earnings.

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Overall, with the lower prices of Litecoin and mining hardware, now may be a good time to start mining Litecoin, potentially yielding a valuable stash of coins if the price recovers.

Litecoin (LTC) is a popular altcoin created in 2011 as a faster alternative to Bitcoin. Litecoin blocks are verified every 25 minutes, making the network four times faster than Bitcoin. It is often referred to as the "silver to Bitcoin's gold." While Litecoin uses a different mining algorithm than Bitcoin, it can still be mined to earn Litecoins.

When choosing a Litecoin mining pool, several factors should be considered. The fees charged by the pool are important, as lower fees mean more Litecoins for the miner. The minimum payout level and payment intervals are also important, as miners prefer pools that offer regular and shorter payout intervals. Geographical proximity to the pool's servers can also affect mining performance.

Some popular Litecoin mining pools include LitecoinPool.org, viaBTC, and ProHashing. LitecoinPool.org is one of the oldest and largest LTC pools, offering pay-per-share (PPS) and merged mining options. viaBTC is the fifth-largest LTC pool and supports various cryptocurrencies. ProHashing is the ninth-largest pool and offers PPS payments in multiple coins, allowing miners to choose their preferred payout option.

It is recommended to avoid using the largest mining pools to prevent a single pool from controlling 51% of the network's hash rate, as this could pose a security risk. Alternatively, miners can consider joining P2Pool, a decentralized public mining network that does not require registration.

Mining Litecoin with a GPU is becoming increasingly difficult as ASIC Scrypt miners, such as the Bitmain Antminer L3, have a significant advantage in terms of mining power. Joining a pool is still the best option for mining Litecoin, even with ASIC miners.

Although mining profitability depends on various factors, such as the cost of hardware and electricity, mining Litecoin can still be profitable, especially if Litecoin's value increases in the long term. By choosing reliable mining pools with low fees and strong hash rates, miners can optimize their earnings.

Overall, with the lower prices of Litecoin and mining hardware, now may be a good time to start mining Litecoin, potentially yielding a valuable stash of coins if the price recovers.

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Pros
Mining Litecoin can be profitable, especially if the value of LTC increases significantly in the future
Despite the availability of specialized ASIC miners, the initial investment for Litecoin mining hardware is relatively lower
P2P mining pools and decentralized mining networks like P2Pool promote a decentralized approach to mining
Cons
Mining requires a substantial amount of electricity, and in regions with high electricity costs, the operational expenses might outweigh the profits
Setting up and configuring mining hardware and software can be complex
The energy-intensive nature of mining raises concerns about its environmental impact

Litecoin (LTC) is an altcoin that was created in 2011 by Charlie Lee as a faster alternative to Bitcoin. Where Bitcoin blocks are verified roughly every 10 minutes, Litecoin blocks are verified every 2.5 minutes, making the network four times as fast.

Litecoin has often been called the silver to Bitcoin’s gold. While Litecoin uses a different algorithm than Bitcoin, it is still a proof-of-work coin, and as such it can be mined to be awarded Litecoins.

Below I’ll talk more about mining Litecoin, and the top Litecoin mining pools. With so many options available, choosing from a sea of the best Litecoin mining pools isn't easy, but we'll make it just that for you. 

Litecoin Mining Pool Criteria

Just as I suggested in my guide to Ethereum Classic mining, one of the first things you’ll want to look at is the fees charged by the mining pool. The lower the fees are, the more Litecoin you get to keep for yourself, so choosing a low-fee pool is an obviously good choice.

You’ll also consider the minimum payout level. One of the reasons for choosing to mine through a pool is the steady payments at regular intervals, and if these intervals are kept shorter, that’s better too.

And finally, you’ll want to look for a mining pool that’s close to you geographically. You don’t want a pool with servers in China if you’re mining in New York. The closer you are to the pool servers, the better your mining performance will be.

Below I’ll take a closer look at several popular Litecoin mining pools, as well as discuss the P2Pool option for mining. Beyond that is a short discussion regarding the recent addition of ASIC Litecoin mining hardware, and what that can mean for Litecoin miners.

How to Pick the Best Litecoin Mining Pool

There’s no “best” LTC mining pool, there’s only a best Litecoin mining pool for your needs. For example, the top three Litecoin pools are Antpool, F2Pool and LTC.top, but they would never be the best for me because their servers are located in China and their websites are predominantly in Chinese.

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There’s no “best” LTC mining pool. Image via Nice Hash

That’s ok though because there’s not too much difference between the various mining pools. Simply choose a pool that has servers close to and a fair fee structure and you’ll see payments that are similar pretty much across the entire selection of Litecoin mining pools.

See, choosing a Litecoin pool is actually pretty easy after all. Simply make sure the pool servers are close to your location to maximize your mining rewards and find one with low fees to minimize your expenses.

You can also go to other forums and articles to read up on what others think of the various Litecoin mining pools, but I don’t think you’re going to hear much different than what you’ll learn here. So, unless there’s someone you know who’s mining Litecoin and you want their opinion, I don’t think it’s going to be necessary to get the opinions of others.

Top Litecoin Mining Pools

To get you started, here’s a list of three mining pools, and a fourth suggestion that’s like a pool, but not exactly like a pool. Confused? That’s OK, you soon won’t be.

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LitecoinPool.org

This is one of the oldest and largest LTC mining pools. It’s a pay-per-share (PPS) pool and a merged mining pool as well, which can yield the best results at times thanks to the mining of the secondary coin. Plus, with the PPS system you get paid even if a block gets orphaned by the Litecoin network.

There are eight geographically diverse servers, making this a good pool from nearly any location on the globe, and there are no fees for either automatic payouts or manual payouts.

LitecoinPool.org was started in 2011 by one of the main Litecoin devs, who goes by the name Pooler. Because of this the pool has been highly trusted since its earliest days. At one point in 2012, the pool controlled over 40% of the Litecoin hash power.

best litecoin mining pools
LitecoinPool.org Statistics

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.

viaBTC

This is the next largest Litecoin pool behind LitecoinPool.org, making it the fifth-largest LTC pool. It’s a combined pool and in addition to its Litecoin pool, there are also Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash and Zcash pools available at viaBTC. It’s a newer Litecoin mining pool, having started as a Bitcoin mining pool back in June 2016, and then adding Litecoin in January 2017.

At viaBTC you can choose a PPS payment method, or they also offer pay-per-last-n-shares (PPLNS), which is a very popular payment scheme at mining pools. Either way, there are no transaction fees, and miners are only responsible to pay a small maintenance fee of 4% for PPS payments and 2% for PPLNS payments.

ViaBTC Mining Statistics
ViaBTC Litecoin Pool Statistics

Even with the fees viaBTC can be quite profitable as it uses merged mining and pays out 800 DOGE for every 1 LTC mined. viaBTC also offers cloud mining for those that don’t want to deploy their own hardware.

ProHashing

ProHashing is the ninth largest Litecoin mining pool, and has been in operation since August 2014. It was started by three engineers, two of whom are brothers. In addition to Litecoin and other Scrypt coins, it also has mining pools for SHA-256, Equihash, and x11 algorithm coins.

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. There are also no transaction fees charged. Instead, ProHashing aims to have a flat 4.99% fee that includes the use of all their features.

Prohashing Scrypt Statistics
Prohashing Scrypt Statistics

If you like, you can set ProHashing to mine automatically, in which case it will use your hash power to mine the most profitable coin. That coin is determined by the ProHashing custom algorithm, with profitability recalculated by the algorithm multiple times per second. In addition, ProHashing will merge mine coins whenever possible, increasing profitability even more.

Large Mining Pools

While there currently aren’t any mining pools that are near 51% of the total hash rate of the network, it is recommended that you avoid using the largest mining pools to keep any one pool from growing to that 51% limit. Remember, bigger doesn’t mean better when it comes to mining pools.

Payments are determined by the payment scheme, and since most pools are PPS or PPLNS the payments at larger pools are not larger, nor do they come faster. You can see the Litecoin hash distribution rate here. Check that and avoid joining the largest pools.

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Try P2Pool

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 (great for cryptocurrencies), 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.

A P2Pool node provides connected miners with low-difficulty work. Upon completion of each portion of work, the miner is awarded a pool share. Shares are communicated among P2Pool nodes and assembled into a sharechain – just like the Bitcoin network assembles blocks into the blockchain.

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. Below is a list of some Litecoin P2P Pools.

NameFee %LaunchedPool NodeLocation
Carnth's12013-04-03sea.snicter.com:9327USA
Syari12013-04-05syari.netFrance
Litecoin.tw12013-07-20litecoin.tw:9327USA
elitter.net12013-11-30www.elitter.net:9327/USA
Carnth's12013-04-03sea.snicter.com:9327USA
kyrio's12013-12-10ltc.lurkmore.com:9327USA
Qhor12014-02-04q30.qhor.net:9327Germany

Is Litecoin Mining Profitable?

Yes, you can still make money by mining Litecoin, however doing so with a GPU is becoming increasingly difficult. In fact, you’ll need a high-end GPU to successfully mine Litecoin these days. The reason is that Bitmain released an ASIC Scrypt miner over a year ago. Simple GPU mining can’t come close to the raw power of the Bitmain Antminer L3+ units.

If you’re considering mining Litecoin or other Scrypt algorithm coins in 2018 and beyond your best bet is to go with one of these ASIC miners. The good news is that the cost of these ASIC miners isn’t higher than the cost of a good GPU, and with aftermarket markups, the ASIC Litecoin miner is actually less expensive. Even with the ASIC miner, you’ll be best served by joining a pool rather than going it alone.

Top Litecoin Mining Pools: Conclusion

If you’re confident that cryptocurrencies, and Litecoin in particular, are going to increase in value long-term now might be a great time to get started mining.

Because of the lower prices, the difficulty of mining is currently lower, and the cost of the mining hardware is also lower. If Litecoin recovers back to late 2017 prices by the end of 2018 you could be sitting on a valuable stash of coins.

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 choose a pool that has servers near your own location.

Frequently Asked Questions

What is Litecoin Mining?

Litecoin mining is the process of verifying transactions on the Litecoin blockchain and adding them to the public ledger (blockchain) by solving complex mathematical puzzles. Miners use powerful computers to compete in finding the solution, and the first one to succeed is rewarded with newly minted LTC.

Can I Mine Litecoin With My Regular Computer?

Mining Litecoin with a regular computer is not practical anymore. The complexity of Litecoin mining requires specialized hardware, particularly ASIC (Application-Specific Integrated Circuit) miners, for efficient mining. Using a regular computer, especially a desktop or laptop, would not yield profitable results.

How do I Choose a Litecoin Mining Pool?

When choosing a Litecoin mining pool, consider factors such as pool fees, payout methods (PPS, PPLNS), location of the pool servers (for low latency), and the reputation of the pool. It's important to select a pool with a good track record, low fees, and reliable payout methods to maximize your earnings.

Is Litecoin Mining Profitable in 2024?

The profitability of Litecoin mining depends on factors such as the current price of Litecoin, mining difficulty, electricity costs, and the efficiency of mining hardware. It's essential to calculate potential profits, including electricity expenses, before investing in mining equipment to determine its profitability.

Steve Walters

Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies.

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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