How long will it take to mine 1 Litecoin?
How long will it take to mine 1 Litecoin?
Litecoin’s mining reward is 12.5 Litecoins per block. The average block mining time on Litecoin’s blockchain is two minutes and 20 seconds.
What is the most profitable mining pool?
List of the Best Bitcoin Mining Pools
- Minedollars.
- Slush Pool.
- F2Pool.
- AntPool.
- ViaBTC.
- BTC.com.
- Poolin.
- Genesis Mining.
How long does it take to mine 1 Bitcoin in Australia?
approximately 10 minutes
A Bitcoin block will take approximately 10 minutes to mine. This metric is also referred to as the average confirmation time and is the proxy for mining ‘difficulty. ‘
What is the best mining pool for Litecoin?
All active Litecoin mining pools
| Pool | Reward Method | Workers 349278 |
|---|---|---|
| Litecoinpool | PPS | 95697 |
| F2Pool | PPS+ (4%) | – |
| Antpool | PPS+ (3%), PPLNS (0%) and SOLO (1%) | – |
| Btc.com | FPPS | 7950 |
Is Litecoin mining profitable 2021?
Litecoin mining became more profitable over the course of 2020, and remained on roughly the same level in the early months of 2021….
| Characteristic | Mining profitability in USD/day for 1 GH/s |
|---|---|
| – | – |
Are mining pools safe?
With so many major pools located in China — a state notorious for its surveillance practices — miners should be concerned about the dangers of the exposure of their IPs. This especially concerns Chinese citizens and other people who live in China. The greatest danger for them is the possibility of deanonymization.
Is it worth to mine crypto in Australia?
Is crypto mining profitable in Australia? Yes, cryptocurrency mining is profitable in the country. To put it into perspective, to profit from mining, the electricity cost to mine BTC and the total hardware cost must be lesser than the reward you eventually reap.
Is mining Ethereum legal in Australia?
At the time of writing, there are no prohibitions on mining Bitcoin or other cryptocurrencies in Australia. As above, the taxation of cryptocurrency and associated activities in Australia has been an area of much debate, and this has extended to taxation relating to mining cryptocurrency.
What is a good hash rate for Litecoin mining?
Yes, mining Litecoin is still profitable – based on the mining hardware hashrate of 9,500.00 MH/s, electricity costs, and pool / maintenance fees provided.
Where is Litecoin pool located?
For example, the top three Litecoin mining pools are Antpool, F2Pool and LTC. top, but they would never be the best for me because their servers are located in China and their websites are predominantly in Chinese. That’s ok though because there’s not too much difference between the various mining pools.
