What is Litecoin cloud mining?
Litecoin is a popular cryptocurrency that is widely used by miners from the whole world. Litecoin was officially launched in 2011. It is quite a valuable coin. In March 2018, litecoin market capitalization reached more than 3,2 billion dollars. That is why litecoin cloud mining has become so popular today. However, to mine it correctly, you need to know which resources offer the best conditions for mining. This review covers the issue.
Peculiarities of Litecoin cloud mining
Litecoin cloud mining is the same as with other types of cryptocurrencies. To start mining litecoins, you need to make the following steps:
- Have enough money to spend on mining;
- Find a reliable cloud mining platform (see in this review below);
- Study all the conditions for mining, which a platform offers;
- Select a contract type for mining, which corresponds your needs in the best way;
- Buy a contract;
- Wait for a profit.
You see – it is very easy!
Best Litecoin mining sites
There are plenty of platforms that offer services for litecoin cloud mining. However, only a few of them can be relied on. Below you will find four best litecoin mining sites. Let us have a closer look.
CCG Mining
CCG Mining is the world leader in the industry of quality services for all miners interested in litecoin. The company uses only the most advanced and the newest hardware for cloud mining. All you need to do is to pay for a contract, and your mining will start immediately. Another advantage is that you need not pay any cost for additional equipment. All fees are included in the contract price. This year CCG Mining offers three types of contracts. Only two-year contracts are available. You can choose any of them to start your litecoin mining: Mini ($25.99 per year), Starter ($616.99 per year), and Pro ($2279.99 per year). The company provides each client with daily statistics of earnings.
Nuvoo.io
Nuvoo offers cloud mining services for extracting litecoins. Here you need not know the technology of mining to get profit. The platform offers hosted cryptocurrency mining services as well as plenty of mining-related solutions. You can mine litecoins here with a SHA256 contract. Maintenance fee is quite low, and it is automatically deducted daily. Payment methods include bank wire transfer, bitcoin, and VISA/MasterCard.
Hashflare.io
Hashflare.io is known to be one of the most profitable and reliable platforms for litecoin mining. The company was created in 2014 in Estonia. Litecoins can be mined with Scrypt. It is a lifetime contract. Moreover, Hashflare offers all-day-round customer support and a reliable security system. You can mine litecoins here with the minimum maintenance fee. Presently, Hashflare offers the following contact conditions:
- Algorithm: Scrypt;
- Contract length: one year;
- Minimum hashrate: 1 MH/s;
- Maintenance fee: 0.005 $ /1 MH/s per day;
- Hardware: HashCoins SCRYPT;
- Automatic payouts in bitcoin.
Genesis-mining.com
The eldest platform for cloud mining, Genesis Mining is located in Hong Kong. Presently, over three million people use this platform for cloud mining. Since 2014, the platform offers various contracts for mining litecoin. It will suit tastes of both beginners and experienced miners. Now, Genesis Mining offers the following contracts for litecoin cloud mining:
Gold (Starter)
- Used algorithm: Scrypt;
- Contract length: two years;
- Price: $28 for 2 MH/s;
- No maintenance fees;
- No fraud risk;
- Automated payouts.
Platinum (Best buy)
- Used algorithm: Scrypt;
- Contract length: two years;
- Price: $650 for 50 MH/s;
- No maintenance fees;
- No fraud risk;
- Automated payouts.
Diamond (Professional)
- Used algorithm: Scrypt;
- Contract length: two years;
- Price: $2400 for 200 MH/s;
- No maintenance fees;
- No fraud risk;
- Automated payouts.
Custom plan
Iqmining.com
IQ Mining started to work in 2016. Miners from the whole world choose it because IQ Mining has neither maintenance fees nor extra payments connected with being their user. You only pay for your contract and wait for the profit. The company accepts payments in Perfect Money, MasterCard, Visa, bank wire transfers, and WebMoney. Presently, IQ Mining offers the following types of contracts for litecoin mining:
Bronze
- Price: 10 GH/s = 1$;
- Maintenance fee: 0.005$ /10 GH/s /24h;
- Daily payouts.
Silver (from 3000 GH/s)
- Price: 10 GH/s = 0.8$
- Maintenance fee: 0.003$ / 10 GH/s / 24h
- Payouts – every day
Gold (from 30000 GH/s)
- Price: 10 GH/s = 0.6$;
- Maintenance fee: 0.001$ /10 GH/s /24h;
- Daily payouts.
Conclusion
Now you know top four resources where you can mine litecoins most profitably. All mentioned platforms are legal and reliable. You can try any of them and compare the results! Good luck and happy mining!