About Litecoin (LTC)
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.
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 LTC.
2. Sign-up for an F2Pool account
3. Configure your mining device
Your miner must be connected to one of the F2Pool pool servers listed below, and you must use a mining account registered on F2Pool for your hashrate and revenue to be recorded and monitored.
You are required to enter the following information on your mining device:
- URL: stratum+tcp://ltc.f2pool.com:8888
- Username: username.workerName
- Password: anything
Please note: workerName is optional, however, we recommend connecting each mining device with a separate workerName for efficient monitoring.
LTC mining pool servers
- 🇩🇪 EU — stratum+tcp://ltc-eu.f2pool.com:8888
- 🇺🇸 NA — stratum+tcp://ltc-us.f2pool.com:8888
- 🇨🇳 CN — stratum+tcp://ltc.f2pool.com:8888
Ports 5200 and 3335 can be used as alternative ports for each server
The full list of mining pool servers can be found here. Please use a mining pool server closest to your mining operation for better connection and lower latency.
4. Add payout address
A payout address is required to receive your mining revenue, and you can add/change your payout address from Payout Settings. Mining revenue is distributed daily to every user that reaches the payout threshold. The payout threshold is 0.02 LTC and details about payout method, fees and threshold can be found here.
If you do not have an address yet, you need to get a wallet first. We recommend Cobo Wallet and Bixin Wallet. You can find an extensive list of wallet options on bitcoin.org, or choose an exchange wallet such as Binance or OKEx.
5. Start mining!
Your machines are ready to starting mining. From the F2Pool dashboard, you can monitor your hashrate, revenue, and payouts; as well as manage your account settings. You can also view the information through our F2Pool App.
Happy Mining 🐟
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