Litecoin mining has been quite profitable for anyone lucky enough to be mining Litecoin recently. In this article, we will look at what is currently the best Litecoin mining hardware ASIC.

Best Litecoin Mining Hardware ASIC

Unlike Ethereum, which you can mine on a DIY mining rig, Litecoin is mined using custom computer hardware specifically designed to mine Litecoin as well as other cryptocurrencies that use the scrypt hashing algorithm.

Currently, the best Litecoin mining hardware ASIC is the Antminer L3+. It is designed and built by a trusted Bitcoin hardware manufacturer called Bitmain and is the fastest Litecoin miner on the market. The unit mines at 504Mh/s while consuming a moderate 800W of power or about 1.6 watts per mega hash. As of the date this article was published, the Antminer L3+ can mine roughly $20/day of Litecoin cryptocurrency.

You can purchase the Antminer L3+ on Amazon or eBay.

If you decide to purchase one or more of these units, you will need a power supply to provide power to the unit. I recommend the reasonably priced AntMiner APW3++ power supply. Pointing a box fan at the Litecoin miner for supplemental cooling is always a good idea as well. ASIC miners are also fairly loud (similar to a vacuum cleaner noise) and produces a fair amount of heat as a byproduct of mining. Keep this in mind when you consider where to place your Litecoin miner in your home or office. For an idea of just how loud the Antminer L3+ is, check out the video below. Just be sure to turn your headphones or speakers down before clicking ‘play’.

Litecoin Mining Profitability

How much will the Antminer L3+ produce in Litecoin?  You can use this Litecoin mining calculator, to check the current profitability. The current time to ROI as of the date this article was written, is a little over 100 days. When calculating the profitability of Litecoin mining, be sure to enter the correct value for your electricity costs. The average cost of electricity where I live in the US is about $0.10 per Kwh.

Storing and Selling Your Litecoin Mining Profits

For selling your Litecoin into local fiat currency, I personally use and recommend GDAX/Coinbase. I would also recommend keeping your investment portfolio Litecoins safe using the Ledger Nano S hardware wallet. This hardware wallet supports all the major cryptos including Bitcoin, Ethereum, Litecoin, Dogecoin, Zcash, Dash, Stratis, Ripple, Bitcoin Cash, Ark, Expanse, ubiq, Pivx, Vertcoin and Viacoin.

Happy Mining!

Sidenote: If mining isn’t your thing, and you are just interested in purchasing some cryptocurrency as part of your investment portfolio, I personally use and recommend FTX Global Crypto Exchange (Use FTX US if a US resident)