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Best Litecoin Cloud Mining Sites: How to Mine Litecoin

Best Litecoin Cloud Mining Sites: Litecoin is a peer-to-peer decentralized cryptocurrency that has its blockchain. Decentralized means that this altcoin does not belongs to any organization or person. Being open-source software anyone can contribute to the development and wellbeing of the coin.

The coin’s relation with Bitcoin makes this coin unique. Litecoin was originally a separate bitcoin with almost the same data and parameters. But, Litecoin is about four times faster than bitcoin, and in general, it is very significant. Four times faster means more attractive by four times.

Charlie Lee former Google engineer created Litecoin in 2011. From the beginning of the coin, its purpose was to upgrade a better version of Bitcoin. Litecoin gained a lot of popularity since its launch.

How to Mine Litecoin?

If you are only interested to have Litecoins in your crypto wallet then you can buy it from a crypto exchange like Coinbase. If you mine Litecoin at home then you don’t have to share the reward with anyone. But the disadvantage is that you also do not share the electricity bill. And if you don’t get any block reward for some time you could face unsustainably high costs with no benefits.

At home, you can mine Litecoin by using your CPU or graphics card. But, if Litecoin mining is not just a hobby for you then you should consider buying special hardware for scrypt-based Litecoin mining.

CPUs and GPUs are less powerful than ASIC miners. So these ASIC miners will increase the chances for you to get mining rewards. But, the mining equipment needs a separate power supply, and cooling fans to prevent overheating.

Mining software is also required for mining. You can use a free version if you use graphics cards, and if you go for ASIC miner a preinstalled one is there.

Now by following the instructions on hardware and software you can start LTC mining.

You should monitor your performance, to make sure that you are not going in a loss by mining the wrong coin. You should also check the Litecoin price and mining costs to make sure you are making a profit.

But, to arrange all the above for mining Litecoin you have to invest thousands of dollars. But if you want to mine LTC at a low cost then you can go for cloud mining which is a cheaper option. In cloud mining, you do not need to install your own equipment.

So let’s take a look at some of the best Litecoin cloud mining sites.

Genesis Mining

Geneses mining one of the largest cloud mining companies have gained a reputation in the volatile cryptocurrency mining market. Established in 2013 company offers several Litecoin based cloud contracts. 

Mining contracts available for you are Gold (2 MH/s) that costs $28. Platinum (50 MH/s) that costs $650, Diamond (200 MH/s) that costs $2400, and a Custom plan through which you can mine the crypto coin of your choice. With no maintenance fee for equipment, the contract lasts for 2 years.

  • Three Litecoin mining contracts and a custom plan
  • Plan duration is 2 years and there is no maintenance fee
  • America, Europe, and Asia are the mining farm locations.
  • Good support and easy setup process

Eobot

One of the best Litecoin cloud mining sites Eobot was established in 2013 and was primarily a Bitcoin cloud mining service. With time they expand their business model and start giving services to mine other crypto coins like Litecoin, Ethereum, etc. Currently, more than 590,000 users are using Eobot services.

Eobot provides different mining contracts to customers and makes profits by charging maintenance and electricity fees. At Eobot contract lengths are 24 hours or 5 years no exchange or returns are allowed.

Payouts can be chosen in any of the displayed crypto coins. Eobot offers GH 4.0 Antminer S9 which is a high-level mining farm for crypto mining.

  • Scrypt algorithm or SHA-256 based hardware
  • Immediate payouts for users after the registration
  • Charges for electricity fees are to be paid by the user

Also Read: Blockchain Technology Advantages and Disadvantages

OXBTC

A hybrid OXBTC company was founded in 2016 by many powerful Chinese investors. The company offers Bitcoin, Litecoin mining services, and an investment plan of Bitcoin. This makes OXBTC very unique, flexible and one of the best Litecoin cloud mining sites in the crypto market.

Currently, OXBTC provides cloud mining services for Bitcoin, Ethereum, Litecoin, and ZEC. The company also suggested the possibility of adding a new crypto coin to the cloud mining offer. Currently, the least hash power amount you can purchase from the company is 1 GH/s and 0.1 MH/s.

On OXBTC $0.0009/GH/s is the maintenance fees for Bitcoin and for Litecoin it is $ 0.02/MH/s.

  • Economical transaction and maintenance fees
  • Litecoin and Bitcoin mining
  • Three mining farms located in low electricity cost charging areas
  • Offers Litecoin cloud mining and Bitcoin investment plan

NiceHash

This is not a cloud mining service rather NiceHash plays a middleman role between hash power buying and selling people. Since 2014 they are in this business. They provide a marketplace for the people who want to sell and buy hash power.  

It does not require a contract on NiceHash to buy hash power. All you need is to place an order for the cryptocurrency you wish to mine and the mining pool for mining.

Although no typical subscription is there on NiceHash, buyers and sellers have to pay some fees. For a new order, buyers have to pay 0.0001 BTC non-refundable fees and on the amount they spend on hash power orders, they have to pay 3% fees.

Conclusion

Above mentioned companies are some of the best Litecoin cloud mining sites. They provide mining contracts with different duration and fees. You can mine Litecoin through cloud mining or installing hardware like GPUs or ASIC miners at your home.

But mining through GPUs and ASIC requires a lot of investment as these types of equipment are expensive. Also, the maintenance cost of the equipment is not cheap.

On the other hand, you can mine Litecoin through cloud mining services provided by various companies. You can mine any crypto coin through cloud mining which can be a cheap option for you. In cloud mining, you don’t need to purchase hardware or software of your own.

Instead, you can make a contract with a crypto cloud mining company without taking care of maintenance and other things.  

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