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.
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
✅ LTC can be efficiently mined with ASIC mining machines.
❌ LTC 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:
URL: An f2pool server URL
Password: Your choice
The list of f2pool mining pool servers is available here, as well as in the table below. Please use the server closest to your mining operation for a better connection and lower latency.
miningAccountUsername is in your Account Settings.
workerName is optional, but we recommend labeling each of your mining devices with a separate
workerName for more efficient monitoring.
Litecoin mining pool servers
Ports 5200 and 3335 can be used as alternative ports for each server.
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.
If you do not yet have an 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 OKex. Note: You should always do your own due diligence when choosing a wallet provider or exchange.
5. Start mining!
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