Difference between revisions of "Litecoin"
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Revision as of 12:39, 22 January 2020
| Litecoin | |
|---|---|
| Ticker symbol | LTC |
| Mining | |
| ❌ Cannot be efficiently mined with CPU | |
| ❌ Cannot be efficiently mined with GPU | |
| ✅ can be efficiently mined with ASIC | |
| Development | |
| Original author | Charlie Lee |
| Initial release | 0.1.0 / October 7, 2011 |
| Website | http://litecoin.org |
| Ledger | |
| Supply limit | 84,000,000 |
Contents
About Litecoin
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.
Mining guide
Get suitable hardware
View our miners page to discover the most profitable ASIC machines for LTC.
Configure the miner
Your miner must be connected to one of the F2Pool servers listed below and you must use a mining account registered on F2Pool for your hashrate and revenue to be recorded and monitored.
- 🇪🇺 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.
Enter the following information on your mining device:
- URL:
stratum+tcp://ltc.f2pool.com:8888 - Username: username.workerName
- Password: anything
Note: workerName is optional, however we recommend connecting each mining device with a separate workerName for efficient monitoring.
Add a 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. Alternatively you can choose a custodial wallet (exchange) such as Binance or OKEx.
