Lite Coin Calculator

The Lite Coin Pool Calculator

The calculator for Lite Coin is a tool that will show you how effective you can dig in the math network. 

This essential tool shows parameters like: hash rate, network difficulty, power usage and of course energy cost.

I remember in one interview that somebody called the mining for coins a waste of energy. In parts this is true but we also know how much money this can make us if we are smart and we calculate our expenses correctly.

With that said, it is sufficient to know the effect of your efforts. 

Best calculators for Lite Coins

While talking with some people around and after a dedicated research i have found few places to mention. 

1. First is the calculator of Litecoinpool.org

It gives a good profitability analysis and average costs per power usage. In this example the estimated earnings for 7 days are 92.56 USD, for 1 month they are 396.67 USD.

2. The Second kind is www.litecoinminingcalculator.com

Both of them are light and good. The second option even says what are the estimated earnings per day, month and year.  

Parameters dictionary

Hash-rate - This measures how quickly your hardware can do the mining. The Hash-rate in those calculators are expressed in kilo-hashes per second (Kh/s) each of equals 1000 hashes per second. Bigger equivalents are mega-hashes and giga-hashes which could represents the larger Lite coin rigs.

Diffuculty - this is to ensure blocks are found and Litecoin network adjust this parameter every 2016 blocks which takes around 3.5 days to solve.

There is a prime Litecoin Network diagram about this difficulty is changing during the last 10 days, 60 days, 1 year and all time.

As you can see in the last 10 days the difficulty level increased in fast temps. This is due to heavy mining and increase of popularity of this coin.

Pool fee - to fund development, maintenance and hosting overhead, some pools charge fees as a percentage of coins mined.

Next Earnings - the section helps to estimate your earnings once the difficulty changes. The number can swing wildly and are most accurate as difficulty changes.