What is Litecoin?
Litecoin is a type of decentralized cryptocurrency based on open source cryptographic protocol. LTC is a peer-to-peer cryptocurrency, is used to transfer funds directly from individuals or businesses without the need for an intermediary.
Since the creation in 2011, making it the oldest major altcoin, Litecoin is frequently compared to Bitcoin, which functions almost exactly the same. For many cryptocurrency traders and users, Litecoin pricing acts more rationally than Bitcoin, and with a more sustainable future.
Litecoin’s strength is to have followed the Bitcoin’s path, it is steadily functional since 2011 and there is no sign for it to go away anytime soon.
Historical data Litecoin (LTC)
Litecoin (LTC) Mining Calculator
Just like Ethereum, Litecoin uses a distributed ledger known as a blockchain. This ledger is managed by thousands of miners who use computing power to verify transactions and secure the network. Litecoin mining calculators were created to help people see and understand how much profit they can make from using different types of Litecoin miners. It puts into account different variables such as your hash rate, mining difficulty, price of LTC, pool commission percentage, amount of blocks rewarded….
Once all of this information has been added, the calculator will work out the hourly, daily, weekly, monthly, and yearly profit of the mining software.
IS Litecoin mining still profitable?
Mining Litecoin is not profitable at this time with the mining hardware hashrate, electricity costs, and pool / maintenance fees provided.