Litecoin mining is mining LTC-coded cryptocurrencies using a device. Mining, which is done by miners, is an activity to break complex mathematical
Litecoin mining is mining LTC-coded cryptocurrencies using a device. Mining, which is done by miners, is an activity to break complex mathematical codes using a set of computers.
So, this mining is not only in LTC but also in other cryptocurrencies such as Bitcoin and Dogecoin.
Apart from using a computer, those of you who are interested in mining cryptocurrencies can also do it through an application for Android. AA Miner and Droid Miner are some of the mining apps to choose from.
Interested in mining this cryptocurrency that symbolizes crypto silver? Check out the review of how LTC mining works, the type of mining, the software and devices needed, and the following application options.
How Litecoin mining works
In mining LTC, the system is similar to a financial system that requires a central authority to confirm and process transactions. For example, when you transfer funds to another account, you may use the services of a bank.
Reflecting on this example, in the world of cryptocurrencies transactions are carried out under the name of a decentralized blockchain. That is, no one person or one authority has a monopoly on this transfer.
When transacting cryptocurrencies, the confirmation and processing is not done through a third party such as a bank. The Litecoin transaction process occurs because of a distributed ledger that is regulated by thousands of different miners.
So, in Litecoin mining or mining other cryptocurrencies, there is not only one miner or one corporation in control. Instead, everyone has control.
Well, to become a miner, you need extra computing power to solve a few math problems. Why do you need a computer? Because this mathematical equation is designed so that it cannot be done by humans.
When completed, the transaction block will be verified. Miners will get a "thank you" through a number of coins as a reward. The reason is, thanks to these miners the blockchain process operates in a decentralized manner.
LTC Mining Type
Mining Litecoin is actually the same as mining any other cryptocurrency. There are several options depending on the budget you have as a miner.
To be clear, here are the types of Litecoin mining:
1. Solo mining
Solo mining is the activity of mining alone. Being solo mining means you buy all the equipment yourself and work alone too.
The main advantage of solo mining is that you don't have to share your Litecoin mining results with other people. That way, you will get more coins.
Keep in mind, being a solo miner means that you are ready with expensive equipment prices and expensive electricity costs.
2. Mining pool
A mining pool is mining with other miners and sharing resources such as computing and electricity. In this way, the chance of getting Litecoin is greater.
The division in the mining pool is that each miner has 1 ticket, so when he manages to get Litecoin, the nominal is shared with other miners.
3. Cloud mining
How to mine the cloud is suitable for those of you who don't want to spend a lot of money on an expensive computer. Cloud mining is the method you pay for Litecoin mining rigs to do digital currency mining for you.
The only device you need is a computer. The mining rig itself is a computer unit that is set up to mine digital currency.
Equipment and software for mining Litecoin
When Litecoin first appeared, mining could be done with CPU and GPU. However, over time mining requires special devices called ASICs (Application-Specific Integrated Circuit).
ASICs are much more powerful than CPUs and GPUs. That means ASICs have a much greater chance of being able to get coins through mining. As a result, the CPU and GPU cannot help you mine Litecoin.
One of the most up-to-date tools for Litecoin mining is the Antminer L3+. Currently, Antminer L3+ is the most powerful Litecoin mining tool a miner can buy. Not only fast, Antminer, which is produced by the well-known manufacturer BitMain, has not been able to compete with its performance.
The number of calculations that a device can perform per second is known as the hash rate. The Antminer L3+ has a hash rate of up to 504 MH/sec, which means it will always be able to solve a math equation faster than any other device on the market.
Litecoin mining apps for Android
MinerGate and Crypto Miner are two examples of mining sites for Litecoin. This site is not only available on computers but also on high-tech smartphones.
So, mining via Android you can do through the following applications:
1. MinerGate
MinerGate was originally a popular Bitcoin mining site used on PC. Over time, MInerGate comes in the application form.
Launched in 2014, this application is the first mining pool that allows users to mine various cryptocurrencies without lowering the hash level of the main coin.
How to use MinerGate is fairly easy. After creating an account, you will find two options. The two options are mobile mining and buying cloud mining.
2. Droid Miner
Droid Miner is one of the best apps for mining crypto without ads. Droid Miner can be used easily. You can mine other cryptocurrencies like Bitcoin and Dogecoin in this one application.
In addition, there are many other interesting features that you can use. For example, you can still run Droid Miner which is still running in the background.
Droid Miner can also disable the program automatically when the smartphone is charged.
3. AA Miner
Like Droid Miner, AA Miner is also an ad-free app. AA Miner can be downloaded for free and allows users to mine Bitcoin.
In addition, there are 50 other cryptocurrencies and CryptoNight mining algorithms. Interestingly, you can specify the number of chains. Chain is the number of cores of processors used for Bitcoin mining.
4. Crypto Miner
Another application that you can consider is Crypto Miner. This application has a simple interface and operation, making it quite easy for novice miners to use.
Unfortunately, not all crypto algorithms in Crypto Miner can be used for free. You need to pay around US$2.28 to be able to access your favorite algorithm.
5. NeoNeon Miner
The next application is NeoNeon Miner. This application allows users to mine Bitcoin, Litecoin, Feathercoin, Vertcoin, and many other types.
The way NeoNeon Miner works is similar to Crypto Miner. You will be taken into a mining pool or crypto pool.
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