Litecoin is one of the top 5 cryptocurrencies by market capitalization and certainly the most popular Bitcoin fork as well. Although Bitcoin and Litecoin have separate hash algorithms, they both support mining, that too for Scrypt algorithm. Obviously, mining Litecoin would require investments in Litecoin Mining hardware and related things. Just like the basics, before choosing any mining pool, you must check its payout system and its other advantages. The most important thing is the availability of the mining pool in your region. The closer the proximity to the pool servers, the better your mining performance will be. You get the payout rewards based on the Litecoin mining calculator. Getting rewarded on a daily basis is better than solo Litecoin mining pool.
The top 5 best Litecoin pools are:
Litecoinpool was started in 2011 and is one of the oldest and trustworthy Litecoin pools which controlled over 40% of the hash power in 2012. Litecoinpool is also one of the best Litecoin mining pools for guys who prefer meted mining, with a very transparent reward system- Pay per share (PPS). Litecoinpool has high scalability and security, that has attracted an adequate amount of miners. It even claims to be the first Litecoin pool protecting its miners with TLS-encrypted stratum connection.
Multipool, as the name suggests enables mining for a variety of cryptocurrencies apart from Litecoin like Dogecoin and Verge, where the payout is made in LTC. The miner doesn’t have to pay any withdrawal fee as and when the minimum threshold is met. The advantage of using Multipool Litecoin port is that it is apt for merged mining, where you can simultaneously mine Litecoin and Dogecoin, without losing on hash power. Multipool allows you to mine around 30 cryptocurrencies, with different algorithms, keeping the supporting cast amazing.
Prohashing is one of the best, free Litecoin mining pools 2020 founded in 2013, offering to mine multiple digital currencies. The unique part about this mining pool is that the Prohashing miners can choose the coin they want to be rewarded in, the coin of their choice provided its availability in their list of payout coins. The Prohashing mining pool is very transparent, stable and easy to use.
viaBTC is the fifth largest LItecoin mining pool in the world, which also supports mining of other tokens like Bitcoin, Ethereum, Bitcoin Cash, Dash, and Zcash. This is comparatively a newer Litecoin mining pool started in 2016, a year before Litecoin was added to it. viaBTC offers two types of reward payouts- PPS and PPLNS. Either way, there are no transaction fees charged, and the miners are responsible to pay only a small maintenance fee of 4% for PPS payments and 2% for PPLNS payments.
NiceHash is one of the most popular Litecoin cloud mining pools out there, which supports the top algorithms like Scrypt. NiceHash does not require registration for miners. However, it is important to point out that some of older versions of ASICs firmware are not compatible with Nicehash. You can even get paid in BTC. Payout level is 0.001 BTC. The fees depend on a balance and a wallet type. This is one of the best Litecoin miners in 2020. You can check out the top Litecoin mining software here.
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