Stratum Configuration (Advanced Miners)
Login using your wallet address as username. An optional workername can be appended to your address separated by a dot character. Leave the password blank.
CPU and GPU Mining
At the current network difficulty - which will only increase over time - mining Litecoin using CPUs or GPUs is no longer feasible. Even with free electricity the profits are so small that they are hardly worth the effort.
Antminer L3+ ASIC Mining
- Navigate to the "Miner Configuration Tab" inside the Antminer's web-interface and enter
stratum+tcp://ltc.coinfoundry.org:3042as the Url for Pool 1.
- Now enter your Litecoin address in the "Worker" field of the first pool. If you don't know your Litecoin wallet address, read this section first.
- If you are mining on multiple machines/rigs, you can append an identifier of your choice to your wallet address seperated by a dot to make it easier to distinguish between your rigs when evaluating your results. Example:
- Click "Save"
- You are now good to go to start mining
Getting a Wallet
Before you can start to mine you need to create a wallet. Although Litecoin is a digital asset, you still need a place to store them. This is done in a digital wallet. There are multiple methods to obtain a wallet which vary by ease of use and the security they provide.
Exodus is the a desktop multi-asset wallet with built in ShapeShift support for converting between crypto-currencies. The application is comfortable to use available for Windows, macOS and Linux. One of the best features of this multi-currency wallet the client-side encryption of your private keys which means you stay in full control of your keys which never leave your machine in unencrypted form.
A hardware wallet is a special type of wallet which stores the user's private keys in a secure hardware device. Hardware wallets offer robust safety features for storing cryptographic assets and securing digital payments. Popular hardware wallets are the Ledger Nano S and the Trezor.
Another possibility is to create a wallet at LiteVault. Please make sure to immediately backup your wallet keys after creating a wallet. We recommend using a password store such as KeePass or 1Password for that.
For long-term storage of Litecoin you can create a paper wallet. A paper wallet is extremely secure if you guard your private key by storing it in a password vault such as KeePass or LastPass or printing it out and depositing the sheet in a real bank vault.
Registering with an exchange
There are multiple digital currency exchanges you can register with. Registering with an exchange allows you to create a wallet on the exchange for every currency the exchange supports. Registering with an exchange is probably the most convenient way to obtain a wallet. Unfortunately it is also the least secure one. Exchanges have been hacked in the past!
|Network Hashrate||272.86 TH/s|
|Network Difficulty||698.6 G|
|Minimum Payout||0.1 LTC|
|Miner Earnings||631.79 LTC|