Network Hashrate: 63.1 TH/s (17.4%)
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.
Table of Contents
Obtain Suitable Hardware
✅ Litecoin can be efficiently mined with ASIC mining machines.
❌ Litecoin cannot be efficiently mined with CPU or GPU cards.
If you want to mine Litecoin on F2Pool, the first step is to acquire a mining hardware that can handle the Scrypt algorithm. The Bitmain Antminer L7 is a top-notch mining hardware that is specifically designed to mine cryptocurrencies that use the Scrypt algorithm. With a hash rate of 9.5 TH/s and a low power consumption of 3425W, the Antminer L7 is both efficient and powerful. It’s easy to set up and comes with a user-friendly interface that enables you to manage and monitor your mining activities with ease. The Antminer L7 is a reliable and cost-effective option for mining Litecoin on F2Pool.
Sign up for an f2pool account
Sign up to create an f2pool account, then log in.
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 hash rate and revenue to be recorded and monitored.
You’ll need to enter the following information into your mining device:
- URL: stratum+tcp://ltc.f2pool.com:8888
- Username: account_name.worker_name
- Password: Your choice
Please note:
Ports 5200 and 3335 can be used as alternative ports for each server.
Your 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.
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.
Start mining
Your machines are now ready to mine! You can manage your account settings and monitor your hash rate, revenue, and payouts in your dashboard or in our f2pool app.
If you run into any problems mining Litecoin, please feel free to reach out to our customer service team at [email protected], open a support ticket, or start a conversation on Reddit.
Read More: Litecoin Mining Pool – How To Mine Litecoin