Litecoin hovered around $3 for a long time. Recently, it has surged to $45+ and with that price rise has come renewed interesting in Litecoin and Litecoin mining hardware.
This article will cover the best Litecoin mining hardware that is available on the market.
Before we jump in, know that you can use a Litecoin mining calculator to try and estimate your possibility of making a profit. You can put in hash rate and estimated electricity costs to try to guess your earnings and profit.
The best Litecoin mining hardware on the market right now is probably the Antminer L3+.
It mines at 504 MH/s. The only issue is it does not ship until August or September 2017.
Bitmain has always been a trusted Bitcoin mining hardware manufacturer. Lately, however, the company has come under heat for adding a backdoor to their hardware. No malicious intent by Bitmain has been proven, but this is still a risk to be aware of if you buy the hardware.
There is a 180-day warranty in case your miner breaks or stops working for some reason.
Also note that for this miner or for any other hardware, you’ll likely need a fan and some other mining equipment so the miner does not overheat.
The miner consumes 1.6 Joules per Megahash (MH/s).
Litecoin is one of the most liquid cryptocurrencies. After Bitcoin, it is probably the most widely accepted and recognized.
Despite this, there are other Scrypt currencies that may be more profitable to mine than Litecoin. This simply means that in USD terms some other Scrypt coin may be more profitable to mine than Litecoin at a given time. This constantly changes, though, since the altcoin markets are very volatile.
You can mine a different scrypt coin and then just use a service like Changelly to convert your other coin into Litecoin. You could also mine Ethereum or another coin and just convert your earnings into Litecoin.
Check Coinwarz to see what other currencies might be profitable to mine instead of Litecoin.