Litecoin Mining Calculator
A quick and accurate way to calculate your Litecoin mining earnings.
Only hashing speed of your hardware is required, all other factors are optional.
Litecoin Mining DataNet Hashes Per Second: 918489096998885
Block Time: 155s
Block Reward: 6.26008469 LTC
*Mining stats updated every 60 minutes
Mining algorithm: Scrypt
Scrypt is a cryptographic algorithm widely used in various cryptocurrencies. It was initially developed to improve upon the SHA-256 algorithm used by Bitcoin, focusing on being both computationally and memory intensive. This design was intended to resist the centralization of mining power by making it less feasible for ASIC (Application-Specific Integrated Circuits) miners to dominate the network, thus encouraging more decentralized, GPU-based mining.
The first cryptocurrency to implement Scrypt as its Proof of Work hashing algorithm was Tenebrix (TBX), released in September 2011. Although Tenebrix did not last, its use of Scrypt paved the way for other cryptocurrencies like Litecoin and Dogecoin. Initially, Litecoin branded itself as ASIC-resistant, but over time, ASIC miners were developed for Scrypt, shifting the mining landscape. This transition meant CPUs and GPUs were no longer efficient for mining Litecoin and other Scrypt-based coins. Eventually, the most effective way to mine Scrypt coins became using advanced ASIC miners, such as the Innosilicon A6+ LTCMaster and Bitmain Antminer L3+.
Despite its initial resistance, Scrypt could not entirely prevent the development of ASIC miners. While Scrypt ASICs are more efficient than GPU mining, they are not as dominant as SHA-256 ASICs. The memory intensity of Scrypt ensures that the network is more decentralized compared to SHA-256 networks. Variations of Scrypt, like Scrypt-N, Scrypt-ChaCha, and Scrypt², have been developed to enhance ASIC resistance, but ASIC miners for Scrypt still emerged.
Overall, Scrypt plays a significant role in the cryptocurrency mining world. Its original design aimed at decentralization and ASIC resistance, although over time, ASIC miners have become prevalent for Scrypt-based coins. Despite this, Scrypt remains a crucial component in the Proof of Work mechanism of many cryptocurrencies.
Below, you will find various hardware to mine cryptocurrencies secured with Scrypt.
|Current earnings(without electricity cost)
|Litecoin 2.57 USD/day
|Litecoin 0.91 USD/day
|Litecoin 0.66 USD/day
|Litecoin 0.6 USD/day
|Litecoin 0.55 USD/day
|Litecoin 0.44 USD/day
|Litecoin 0.33 USD/day
|Litecoin 0.23 USD/day
|Litecoin 0.17 USD/day
|Litecoin 0.16 USD/day
|Litecoin 0.15 USD/day
|Litecoin 0.14 USD/day
|Litecoin 0.08 USD/day
|Litecoin 0.06 USD/day
|Litecoin 0.05 USD/day