Cryptocurrency Litecoin, how to make money on the Internet?

We will talk about the litecoin cryptocurrency - abbreviated as LTC, which is very popular among cryptocurrencies and occupies a top 10 position in terms of capitalization. Many Internet payment systems such as WebMoney and Payеer in which, in addition to conventional currencies (USD, RUB, UAH), you can create a Litecoin, Bitcoin, Ethereum wallet. This, of course, immediately indicates that the crypto coin inspires confidence.

You can earn litecoin, like other coins, in several ways, the most common of which is mining (a process that is intricate and requires investment) and you can earn litecoin completely free of charge on sites called faucets, which are described below.

Where can I create a Litecoin wallet?

Before you start and earn litecoin (no matter what method), you must first create a litecoin wallet in which you will store them. Today, many services have emerged providing users with their services to open a litecoin wallet. Of course, there is a reliable one from the official source from the creators of litecoin and the wallet, but you can also use universal ones that are more convenient in conversion.

It doesn’t matter what device you use to make money transactions; you can create a litecoin wallet online, on a smartphone or computer; you can learn more by clicking “learning”.

Litecoin faucets with withdrawal to Faucetpay

The Faucetpay administration announced the resumption of deposits and withdrawals of funds. Participants can once again collect Lightoshi from taps. Don't forget to copy your new deposit wallets!

Look at the list of verified Litecoin faucets that I personally checked in 2022. All faucets pay correctly. Soon I will write instructions for some types of taps. If you have any difficulties, you can always read articles about them.

with instant payments

If you are more interested in collecting bitcoins, then see the list of the best bitcoin faucets 2022 (new information!).

1. Adspayu is a very fat LTC faucet that gives 1000 Laitoshi per claim once a day.
2. Getfree - 600 light tosh every 10 minutes. No more than 10 requests per day.
3. cryptorotator - 236 satoshi every 5 minutes.
4. dogestar - 100 coins in 5 minutes.
5. konstantinova.net - from 250 to 500 satoshi in 5 minutes. 500 Lightoshes often drop out if you pick up the bonus. Payment is immediate. The crane is stable. I recommend it for use. Instructions on how to use the konstantinova faucet.
6. xfaucet net - 156 light tosh for 1 captcha entry. The faucet is good, made on the same principle as the konstantinova faucet (see how to use).
7. multiclaim - 45 light tosh every 5 minutes. 50% referral program.
8. harena space 250 – 500 satoshi (with bonus) every 5 minutes. The faucet is the same type as konstantinova and xfaucet (the first two on my list). The tap is not always available. Read how to operate a crane here.
9. claimfreecoins - 500 satoshi every 5 minutes.
10. diamondfaucet - 185 coins in 5 minutes.
11. luckydice - every 5 minutes.

Cumulative

1. faucetspin is a fat faucet that collects satoshi bitcoin, bitcoin cash, lightosh and ethereum coins. Plus the PTC network for earning cryptocurrency. Litecoin payouts on faucetpay and expresscrypto without threshold

How to check a Litecoin transaction?

Perhaps someone doesn’t know that if you make a purchase of something or simply transfer litecoins or other crypto to someone, then the credit to the account does not appear immediately, this procedure takes some time. When sending a transfer, a transaction is formed, then it goes into a block, which goes to the miners for minor commissions; this blockchain scheme itself is complex and unique and, in turn, transparent.

If necessary, you can track and check the Litecoin transaction at what stage it is, that is, pending or already being processed. To do this, we will use, for example, I would like to note that there are quite a lot of similar sites on the network. And so, having visited this resource, in order to check the litecoin transaction, you need to select litecoin in the menu.

The page reloads and copy your litecoin transaction or just your litecoin wallet address into the field, after which full reporting is displayed.

What are Litecoins

Litecoin (LTC) is a fairly popular altcoin. LTC appeared in 2011. Litecoin has gained recognition and can rightfully be considered digital silver. Even his image is silver in color. The smallest part of Litecoin, equal to 0.0000001 LTC, is called lightosh.

You can see the dynamics of the Litecoin exchange rate against the dollar over the year in the widget below:

Today, Litecoin ranks 6th among cryptocurrencies in terms of capitalization:

Beginners can earn their first Lightoshi in 2022 on faucets. You only need to enter a captcha from time to time on special sites that distribute cryptocurrency. They give it out for a reason - the faucet visitor must be on the site or visit it from time to time and enter the captcha. The owner thus receives a benefit - money from the advertising networks with which the taps are hung. If you cannot make money on such sites, then most likely you have Adblock or an extension (or program) for changing IP enabled. Be careful.

Instant litecoin faucets.

There are a few differences here, the very action of earning litecoin is similar to the previous receipt of litecoins, but these instant litecoin faucets do not have their own balance, but use micropayment intermediaries such as, for example, you earned litecoins on one of them and they were immediately transferred to a microwallet, and from there take it wherever you want.

But first you need to attach your litecoin wallet to FP, and then proceed and earn litecoin on instant faucets by inserting the same linked litecoin wallet.

— from 800 litoshes instantly every 5 minutes.

Litecoin faucet with DIRECT WITHDRAWAL

• Coinpot - yes, you heard it right - is an updated project that pays on faucetpay in 10 different currencies. Withdrawals are possible both to a direct wallet and to CoinEx.
• Getdashcoin - on this project you can collect cryptocurrency in btc, ltc, doge and dash. Withdrawal of any amount upon request to a direct wallet. Keep track of the minimum amounts that can go to exchange wallets. I recommend using micro-wallets for withdrawal, such as Faucetpay and ExpressCrypto.
• SwissFaucet is a new faucet with fast accumulating payouts. 1000 coins is the payout threshold. No ads, pop-ups, redirects. To earn money, in addition to the faucet, there is a lottery, auto faucet, PTC, and short links.
• free-ltc is a faucet similar to freebitcoin without unnecessary advertising. The amount of lightosh depends on the lucky number after the throw. The minimum amount is 0.00000161 ltc. The withdrawal limit is 0.01 LTC.
• free-litecoin - again a lucky number and throws 1 time per hour. The minimum amount that can be drawn during one round is 0.00000404 ltc, the withdrawal threshold is 0.004 ltc.
• faucetcrypto is a multi-currency faucet with a simple captcha, offerwalls, and short links. Withdrawal of litecoins to a direct wallet upon reaching a balance of 1000 coins (domestic currency). The balance for withdrawal can be achieved in 1 day of work on the tap.
• litecoinads - PTC network and faucet for earning money from Lightosh. There are many different options for earning money - short links, surfing sites, watching videos and others. Withdrawal to Payeer or faucetpay wallet upon reaching a balance of $2.
• Litking is a new fat faucet collecting ltc. Minimum 650 Lt per claim. The withdrawal threshold is 0.05 ltc. Referral program - 25%.
• dogemate is a multi-currency faucet with short links and a PTC network. 25% earnings from referrals. Withdrawal to a direct wallet from 0.001 LTC and to faucetpay and expresscrypto from 1000 coins.
• larvalfaucet - we mine Bitcoin, Litecoin and Dogecoin using a faucet, short links, viewing advertised sites. Withdrawal to direct wallet, faucetpay and expresscrypto.
• ltcminer is an ltc autominer with a collection rate of 0.001 LTC per day. The minimum payout is 0.00006 LTC, so you can withdraw Laitoshi every day. Register to the ltc address that receives any amount of funds without a limit. For example, a wallet from Faucetpay is suitable; exchange wallets are rarely suitable. After logging into your account for the first time, enter your email and confirm it.
• firefaucet - like the previous site, helps you earn different types of cryptocurrencies, including litecoins. Withdrawal to a direct wallet, withdrawal threshold is $3.
• earncrypto - PTC - network with payments in litecoins.

viaBTC

As the name suggests, viaBTC is a multi-cryptocurrency mining pool that began operations as a Bitcoin pool back in June 2016. It currently includes mining pools for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Zcash and Litecoin, making it one of the most versatile mining pools in the world.

Like LitecoinPool, viaBTC offers its users a pay-per-share (PPS) method. One of the main advantages of this pool is the fact that it offers cloud mining, making the process accessible even to those users who cannot afford the once expensive mining equipment.

Miners are required to pay a small service fee of 4% for stake payments and 2% for PPLNS payments. Even though viaBTC is not “completely free”, it is still a good option for mining Litecoin as the service pays out 800 DOGE for every LTC mined.

Type of mining

Let's talk about solo and pool. I think you've already heard what it is. If not, then I explain that solo is single mining, and pool is the summation of the power of several computers and its direction to a specific cryptocurrency.

What can you get from solo mining Litecoin? Little profit, or nothing at all. Why? Because the average total network hashrate is 180 TH/s. This suggests that many miners want to mine LTC. With such competition, it will be difficult to overtake them at home, although anything is possible. Speaking about Bitcoin, we can safely say that solo mining has been dead here for a long time. You can still try to mine Litecoin alone.

How will working in a pool be different? The fact that the probability of solving a block is several times higher means that you can also get the reward faster. However, you will not receive 25LTC, but only a part of it, proportional to your hashrate.

Profit

When discussing mining, it’s hard not to think about whether it’s profitable. We turn to bitinfocharts and find out that mining profitability is approximately 1 cent for each megahash. The average hashrate of video cards is approximately 30 MH/s, and the fastest payback is just over a year (according to cryptocompare.com).

It turns out that mining with only one video card will not be entirely profitable. But if you collect at least 3-4 GPUs, you can earn something. Naturally, after everything has paid off.

I’ll move a little away from numbers and statistics. I believe that mining Litecoin is profitable:

• payment system that allows you to pay for many services;
• transactions are carried out 4 times faster than Bitcoin;
• the emission is 4 times larger than the cue ball, which means that mining will not go to the graveyard so quickly;
• high competitiveness compared to Bitcoin;
• high trading volumes on exchanges, which will allow you to successfully sell it;
• big profit in case of a sharp increase in the exchange rate.

Silver is simpler both in the real world and in the crypto world. But with its simplicity it attracts many people. Litecoin will no longer lose its position just like that. The exception will be the questionable actions of Charles Lee or negative news background, which will be justified by facts. You may have to wait until everything pays off, but it’s possible to make money by mining Litecoin.

Good to know

All faucets, including those for distributing litecoin, pay approximately the same, if you come across a site promising mountains of gold, then most likely this is a future scam and you may not get any litecoins from such a faucet! At all faucets, accruals are made at the litecoin to dollar rate and you need to understand that each site is replenished by advertising placed on it, thus a fund is formed for accruals to users of litecoin satoshi each time they access the faucet. Therefore, do not forget to thank the developers with simple actions, I think you understand what we are talking about!

5 or 60 minutes

Often, the user chooses 5-minute faucets and neglects those that distribute a coin once every 60 minutes. But it’s enough just to take a calculator and calculate which faucet pays how much in the end in time and it comes out about the same, and sometimes hourly it’s even more profitable and at the same time even more convenient. And ideally, use all available sites, regardless of the time of access, because there is no such thing as too much cryptocurrency!

If the Litecoin faucet has a referral program (usually all of them), then be sure to use it. This will increase your profits and business, even if it’s not a lot of passive income!