What is Litecoin Mining

Just like Bitcoin, Litecoin is a digital platform that may be used to make online transactions between two individuals or groups. Litecoin is a decentralized, peer-to-peer network. This essentially implies that it is not governed by a single entity or any kind of centralized body. It is essentially a virtual currency, unlike fiat currencies such as Euro or Dollar, and uses the Scrypt algorithm. The Litecoin network spreads widely across a closely-knit grid of miners who accumulate newer transactions on the Litecoin blockchain in the form of blocks. Litecoin makes sure that only one blockchain exists, by ensuring that the blocks are extremely difficult to produce. Miners cannot create blocks at their sole discretion, but rather have to produce a specific cryptographic hash of a block which meets the set criteria. The best and the only way to find it is to try and compute as many as possible until you get lucky with one. In the world of crypto mining, this is known as hashing. Any miner who creates a block successfully will be rewarded with 25 newly minted LTC. Every other day, the difficulty level for mining is adjusted and it all depends on how quickly blocks are forming. More the competition between miners, more effort is required to locate a block.

Litecoin Mining Plans

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Power: 1 MHs

$135.99
$125 - Rack

  • 23 Months contract
  • 0% Management Fee
  • Minimum of $1.51 daily profit
  • Managed Infrastructure
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Power: 3 MHs

$405.99
$375 - Rack Subserver

  • 23 Months contract
  • 0% Management Fee
  • Minimum of $3.50 daily profit
  • Managed Infrastructure
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Power: 9 MHs

$1,161.99
$1,075 - Shared Server

  • 23 Months contract
  • 0% Management Fee
  • Minimum of $10.50 daily profit
  • Managed Infrastructure
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Power: 20 MHs

$2,835.99
$2,625 - Dedicated Server

  • 23 Months contract
  • 0% Management Fee
  • Minimum of $27.20 daily profit
  • Managed Infrastructure
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Our Mining Procedures

Use these three super simple steps to mine any crytocurrency of your choice
This applies to Monero, Bitcoin, Dash and Ethereum

Create your account

This should not take you more than a minutes except if otherwise.

Choose your Server

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Receive Cryptocurrency

Start receiving your profits depending on your mining power. Start earning.