The art of mining cryptocurrency is all the rage these days and it’s one of the methods many online users have found can help them to earn enough cash to supplement their income. But mining crypto isn’t as easy as some traders make it seem. In fact, mining crypto can be almost impossible without the best Litecoin miner equipment.
These days, it seems like the more people learn about cryptocurrency, the more difficult it becomes to produce it. And because of this, there’s an urgent need to improve your home mining setup so it’s better than the software programs used by rival miners.
Now, equipment for mining has become somewhat of an arms race as each company tries to outdo their competition and take the lead for the number one spot.
But first, let’s learn a little more about Litecoin before we check out the top mining equipment.
What is Litecoin?
Litecoin is much faster than Bitcoin, but it focuses on smaller transactions. One of the biggest differences between Bitcoin and Litecoin is the two-and-a-half-minute time needed to generate a block, opposed to the ten-minute block time you’ll get with Bitcoin.
For miners, the different mining algorithm used for Litecoin plays a major role. Bitcoin uses the SHA 256 algorithm, while Litecoin uses the Scrypt algorithm. This algorithm relies heavily on high-speed RAM.
In order to be successful at mining in general, the equipment you use must be fast and powerful, not to mention energy efficient. But despite the high cost that comes with mining equipment, they still remain popular among miners because they have the ability to extract the coins at a much faster rate.
Besting Mining Gear for Litecoin
So, let’s begin our search for the best Litecoin miner equipment by checking out AsicMiner.
AsicMiner takes the top spot among the best equipment used for Litecoin mining. This company is constantly improving its quality and they’re actively involved in the latest developments aside from producing miners.
Block Erupter: In their wide range of products, you’ll find that the Block Erupter Cube takes the cake. This device consumes two hundred and fifty watts and is accelerated to thirty-eight GH/S. It also features a quiet running built-in twelve-inch fan. For safety reasons, in the event of fan failure, the device turns off automatically. We recommend purchasing an additional power supply unit for each card in order to run this equipment more efficiently.
AntMiner L3+: This miner features the BM1485 chip, which is the first ASIC chip designed for Litecoin mining. This model features a total of two hundred and eighty-eight of these chips and is said to be much more efficient than competing Litecoin miners on the market. It also comes in a small, compact design, for improved operation. This mining machine employs the Cortex A8 microprocessor and supports Gigabit Ethernet which works to ensure that all mined blocks are instantly submitted.
Additionally, the user interface is very beginner friendly, so it’s a great buy for anyone new to crypto mining.
Bitburner Fury: This miner runs on sixteen ASIC chips, which allows for faster mining time. This model comes equipped with a single fan design. Most pros recommend installing an additional air cooling source. You’ll also have to purchase the power supply, which doesn’t come included in the Fury package. Additionally, the power supply capacity must be four hundred watts minimum.