Mining pool comparison

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This page lists all known mining pools along with many of the important details needed to choose a Litecoin pool which best suits you.

It is usually a requirement to register an account on the pool, and configure your workers on the pool's portal account pages before mining. Each pool may have different payment methods--select the method which works best for you.

A frequently updated list of each pool's hashrates, as well as a hashrate api are available. If possible, please help the network by mining with a pool that doesn't have a large part of the network hashrate.

P2Pool nodes

The following is a list of P2Pool nodes that can be used by the public. All nodes require no registration and can be connected to by simply passing your LTC address as the username and anything as the password. The nodes are also interchangeable due to the nature of P2Pool and, as such, it is recommended to setup more than one in your miner configuration as a fallback.

If your hash rate is over 1500kH/s, please consider P2Pool.

Name Fee % Launched Forum Website Location
Carnth's 1 2013-04-03 Link Link USA
Syari 1 2013-04-05 Link Link France
Dlunch 0.5 2013-04-06 Link Link South Korea
Litecoin.tw 1 2013-07-20 Link Link Taiwan
elitter.net 1 2013-11-30 Link USA
kyrio's 1 2013-12-10 Link Link USA
Mint 0.5 2014-01-09 Link Link Italy
Qhor 1 2014-02-04 Link Link Germany
BoulderBTC 1 2014-03-01 Link USA

A more comprehensive list of P2Pool nodes is available from crazik or hostv.pl or Cryptoma.

Mining pools

Please consider mining at one of these pools. "Green" pools are more likely to have active webmasters and be more responsive to the needs of their miners.

  • Name - The name of the pool and the pool's URL.
  • Reward - See Reward types.
  • Fee % - The percentage that the pool charges as a fee.
  • Launched - The launch date of the pool.
  • Forum - The pool's forum announcement and usually its general public support and info thread. Must be a 3rd party site.
  • Location - The geographical locations of the pool's servers.
  • VDF - Vardiff, short for "variable-difficulty", optimizes the difficulty based on your worker's capacity. Does the pool have vardiff?
  • STX - Blocks are not always 50 LTC because they can contain transaction fees. Does the pool share transaction fees with the miners?
  • STR - Stratum protocol reduces bandwidth usage. Does the pool support Stratum?
  • LB - Load balancing helps maintain uptime in case a server goes down. Does the pool have multiple mining servers?
  • SSL - SSL is an encryption protocol that protects your privacy. Does the pool have SSL on the main website?
  • BFR - Block Finder Reward. Does the pool have a reward for every block found ?

The list is sorted by the date the pool was announced (Launched)--clicking a column header will change the sort method.

Name Reward Fee % Launch Forum Location VDF STX STR LB SSL BFR
OzCoin DGM/POT 2 2011-10-17 Link US Yes No Yes No Yes  ?
Pool-X PPLNS 3 2011-10-17 Link FR No No Yes No No  ?
litecoinpool.org PPS 4 2011-11-05 Link UK, US-NY, US-CA, TOR Yes No Yes Yes Yes  ?
P2Pool PPLNS 0 2011-11-07 Link P2P Yes Yes Yes No No  ?
burnside's PPLNS 0 2012-07-15 Link US No No Yes No No  ?
GiveMeCoins PPLNS 0 2013-03-11 Link US-AZ, FR Yes Yes Yes Yes Yes  ?
NetcodePool PPLNS 2 2013-04-06 Link US Yes No Yes No No  ?
Hypernova CPPSRB 1 2013-04-28 Link US, FR No Yes Yes Yes Yes  ?
LiteBonk PPLNS 0 2013-04-29 Link US No No Yes No No  ?
MiningPool PPLNS 0 2013-05-01 Link NL No No No No No  ?
LitecoinRain PPLNS 0 2013-05-01 UA No No No No No  ?
Minando LTC. Tu mina de Litecoins Española Prop 1 2013-05-02 Link SPAIN Yes No Yes No No Yes
WeLoveLTC PPLNS 0 2013-06-04 Link US Yes No Yes Yes No  ?
Cryptoworld PPLNS 0 2013-06-06 Link CZ No No Yes No No  ?
Mine-Litecoin PPS 0.5 2013-06-17 Link EU, HK, US Yes Yes Yes Yes Yes  ?
LiteGuardian PPS 2 2013-07-04 Link US-CA, BE, HK Yes No Yes Yes Yes  ?
CoinHuntr Prop 1 2013-07-09 Link CA, FR, US-NE Yes No Yes Yes Yes  ?
HashFaster Prop 0 2013-07-25 Link EU, US Yes No Yes Yes Yes  ?
LTCRabbit PPS 2 2013-07-30 Link DE, US, AU, HK Yes No Yes Yes Yes  ?
CoinRelay PPLNS 2 2013-08-02 Link US Yes No Yes No Yes Yes
DRILLBIT.Me PROP 1 2013-10-31 Link US Yes Yes Yes No Yes Yes
Mining4all PROP 1 2013-11-01 Link NL Yes Yes Yes No Yes  ?
LTC.chompthebit.com PPLNS 0 2013-11-10 Link US Yes No Yes Yes Yes Yes
CryptoPrizePool PPLNS 1.5 2013-11-24 US, EU No No Yes Yes Yes Yes
Global-Pool.com PPLNS 2 2013-12-01 Link EU US RU Yes No Yes Yes No No
mupool.com PPLNS 0.3 2013-12-04 Link US,FR Yes Yes Yes Yes Yes Yes
CloudMines LTC Pool PPLNS 1 2013-12-04 US Yes No Yes No No  ?
MiningPool.co Prop 1 2013-12-05 Link DE Yes No Yes No Yes  ?
LTCBox Prop 1 2013-12-06 Link US,EU Yes Yes Yes Yes Yes Yes
PPLNS.Litecoin.tw PPLNS 0 2013-12-08 Link TW Yes No Yes No No  ?
EasyMining.eu PPLNS 0 2013-12-08 DE, EU Yes Yes Yes Yes Yes Yes
MXPOOL.COM ASRRD 0 2013-12-08 Link EU / NL No No Yes Yes Yes Yes
Crypto-Coin-Pool.com PPLNS 0 2013-12-15 Link EU, US Yes Yes Yes Yes Yes Yes
UKLTC.is-leet PPLNS 0 2013-12-20 UK Yes No Yes No No  ?
LTC.coin-pool.org PPLNS 1 2013-12-20 Link EU Yes No Yes No No  ?
Salt City Miners PPLNS 0 2013-12-23 US Yes Yes Yes No Yes  ?
ltc.hotminers.com Prop 1 2013-12-26 US Yes Yes Yes No No  ?
LTCPool.nl PPLNS 0 2014-01-06 NL Yes Yes Yes No No  ?
PPSMiningPool.com PPS 2 2014-01-08 US Yes No Yes No No  ?
Nimue Cryptomining LTC pool PPLNS 0 2014-01-18 Live Chat US Yes No Yes Yes Yes Yes
CGMiners PPLNS 1.5 2014-02-01 Link US Yes No Yes Yes Yes Yes
ZEnet LTC Pool PPLNS 1.0 2014-02-03 EU Yes Yes Yes No No Yes
Futuresouth LTC Pool PPLNS 0.0 2014-02-18 US Yes Yes Yes No No Yes
Coin-Pooling PPLNS 0.4 2014-02-16 UK Yes Yes Yes No Yes  ?
iMineCoins.me FAIR 1.0 2014-02-26 Link US Yes Yes Yes No No Yes
GHash.IO PPLNS 0 2014-03-11 Link UK, US Yes Yes Yes Yes Yes  ?
Ltcminers Prop 1 2014-03-28 Link US,CAN Yes Yes Yes Yes No No

Large mining pools

Do not use the pools in this list; these pools each have a large part of the total network hash rate! The site Learn Cryptography has more information behind the risks of having pools grow to this size. That site makes light of the potential situation (even though only two Bitcoin pools currently control 60% of the Bitcoin network's hashrate), but it especially applies to Litecoin right now, with the influx of new users.
Think of it this way, what made you decide to join one of these big pools? Was it because bigger is better? For mining, bigger doesn't mean it's better, it just means it's bigger. Joining a bigger pool does not mean bigger or faster payouts, especially when the payment system is probably the same one used by nearly every other pool (PPLNS). Maybe because the big pools are established and trusted? Three of the five pools below were created during the Litecoin rush of April 2013. There are more than 10 other pools, in the list above, that were created at the same time or much earlier.
If you are considering mining on one of the pools below, or if you are currently mining them, please Spread the Hashes and consider switching to a pool in the list above instead.
Name Reward Fee % Launch Forum Location VDF STX STR LB SSL BFR
Coinotron PPS/RBPPS 5/2 2011-10-20 Link PL No No Yes No Yes  ?
WeMineLTC PPLNS 0 2013-04-06 Link EU, US, HK Yes No Yes Yes Yes  ?

Reward types

  • APPS - PPS but with a payout calculation that averages the last 50 blocks.[1]
  • ASRRD - Average Share Rate by Round Duration. A pool hopper resistant algorithm, by making sure loyalty miners (during most possible time on a round) will earn more than members that just share some and disappear.[2]
  • CPPSRB - Capped Pay Per Share with Recent Backpay is a calculation that provides the maximum payout without bankrupting the pool.[3]
  • DGM - Double Geometric Method. A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk. Operator receives portion of payout on short rounds and returns it on longer rounds to normalize payments.
  • FAIR - Effort to make a fair rewarding type. The full block reward is randomly assigned among all miners, without taking into consideration the hash rate of such participating miner. This equal treatment should encourage small miners. This reward type has not been proven yet.
  • POT - Pay On Target. High variance reward system to those that like a gamble. You get more for shares of higher difficulty, meaning you get a big reward if you're the block finder.
  • PPLNS - Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, it looks at the last N shares, regardless of round boundaries.
  • PPS - Pay Per Share. Each submitted share is worth a certain amount of Litecoin. It is risky for pool operators, hence the fee is highest.
  • Prop - Proportional. When a block is found, the reward is distributed among all workers proportionally to how many shares each of them has found.
  • RBPPS - Round-Based Pay Per Share. Like PPS, but payouts are delayed until a block is found and confirmed by the network. If a found block gets orphaned, earnings relative to it are not paid.
  • RSMPPS - Recent Shared Maximum Pay Per Share. Like SMPPS, but aims to prioritize the most recent miners.
  • SMPPS - Shared Maximum Pay Per Share. Like PPS, but never pays more than the pool earns.

Difficulty

There is no "normal" or "standard" or "base" difficulty for Litecoin pools. Difficulty is measured in the same way as Bitcoin difficulty, but since the hashing algorithm used by Litecoin is much more complex (and therefore slower), pools need to use a share difficulty lower than 1.

In the first months after the launch of Litecoin, most pools used a share difficulty of 2-16 or 2-15. They could have used even lower values, but there was no point in doing that. After GPU mining became widespread, most pools moved to higher difficulties, such as 2-12. The reason behind this was to decrease bandwidth usage, as a higher share difficulty results in fewer shares being submitted. While this change doesn't affect mining rewards, there is a minor downside, and that's that the precision of speed estimates gets drastically reduced.

For this reason, slower miners may prefer pools with a lower share difficulty, so that they can get more precise statistics on their workers. To overcome this problem, some pools implement adaptive solutions that serve work units with variable difficulty depending on the speed of each miner. This technique is commonly referred to as vardiff.

Even if officially difficulty is defined the same way as for Bitcoin, for historical reasons the value is sometimes multiplied by 65536 (216). This is in part due to the fact that early versions of cgminer did not support non-integer difficulties, and 2-16 was the lowest share difficulty used by Litecoin pools.

Related articles

References

  1. LTCRabbit pool fee information, LTCRabbit, 2013-12-20.
  2. MXPOOL ASRRD Implementation, MXPOOL, 2014-01-21.
  3. In simple terms, what is a summary of CPPSRB?, ELIGIUS, 2013-12-20.