Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. It was forked from Bitcoin in October 2011. LTC mining uses the Scrypt mining algorithm and has 84 million total mineable coins.
When you mine Litecoin with f2pool, you can receive Dogecoin rewards following the PPLNS mining scheme.
Feel free to check out the Official website and block explorer to get more familiar with Litecoin before continuing. You can also find a summary of Litecoin metrics and other resources on our Litecoin page.
1. Obtain suitable hardware
✅ Litecoin can be efficiently mined with ASIC mining machines.
❌ Litecoin cannot be efficiently mined with CPU or GPU cards.
View our Miners page to discover the most profitable ASIC machines for Litecoin mining.
And don’t forget to check our Mining Hardware Tools page to download the necessary software for setting up your device.
2. Sign up for an f2pool account
3. Configure your mining device
You must use your f2pool mining account and your miner must be connected to one of the f2pool servers listed below for your hashrate and revenue to be recorded and monitored.
You’ll need to enter the following information in your mining device:
Password: Your choice
Ports 5200 and 3335 can be used as alternative ports for each server.
account_name is in your Account Settings.
worker_name is optional, but we recommend labeling each of your mining devices with a separate
worker_name for more efficient monitoring.
4. Add payout address
You’ll need to register a payout address to collect your mining revenue. You can add or change your payout address in your Payout Settings. f2pool distributes mining revenues on a daily basis to every user who reaches the payout threshold, which is 0.02 LTC. Details about our payout method and fees can be found here.
To receive free DOGE by mining Litecoin, you will need to obtain a DOGE wallet address. Please note that DOGE rewards will start accruing only when the wallet address is successfully added.
If you do not yet have a Litecoin address, you’ll need to get one. We recommend Cobo Wallet or Bixin Wallet. You can also choose an exchange, such as Binance or Coinbase. Note: You should always do your own due diligence when choosing a wallet provider or exchange.
5. Start mining!
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