Free Litecoin Cloud Mining Sites to Earn Free Litecoin (LTC)

Free Litecoin Cloud Mining is one of the best way to make money online without any investment. There are many trusted Free Bitcoin and Altcoin Cloud mining sites on the web. We have refined all the high paying and trusted Free Litecoin Mining Sites.

What is Litecoin (LTC)?

  • Litecoin is one of the best alternatives to Bitcoin or the light version of Bitcoin.
  • The difference between the two is the mining procedure used in them while both use the same consensus PoW (Proof-of-work).
  • Bitcoin uses the SHA-256 hashing algorithm for the purpose of mining while Litecoin uses Scrypt.

More information about Litecoin at Blockgeeks

What is Cloud Mining?

  • Cloud mining is enabling users to purchase the computational power of the hardware.
  • Furthermore, It is the process of mining without any need for managing hardware, software, electricity, and other things.

Pros and Cons of Cloud Mining

1. Pros of cloud mining

  • No heat to deal with.
  • Silence as you don’t have to deal with humming mechanical sounds.
  • Also, No Electricity cost to pay.
  • As mining becomes no more profitable no tension to sell this mining equipment.
  • Lastly, No problem with purchasing more mining hardware.

2. Cons of Cloud Mining

  • More fraudulent practices.
  • Also, Fewer profits as cloud mining are more expensive
  • Also, The satisfying curiosity of mining is not possible.
  • Lastly, No more fun with mining it’s just like an investment in the stock market.

All you need to do cloud mining is a computer or graphics card and internet connection. The software for cloud mining can be downloaded and installed on your computer and start Cloud Mining. Furthermore, There are some free services which offer cloud mining services for everyone.

Best Cloud Mining Sites

  1. Nicehash: It is a Slovenian based company dealing in cryptocurrencies. There act as a broker between miners and sellers of hashing power required to mine Bitcoin. Furthermore, They use the sharing economy approach to connect buyers and sellers. However, To start mining Bitcoin for free with Nicehash all you need to do is download software for selling hashing power. Furthermore, The software will automatically detect the mining efficiency of your Computer and will provide earning depending on the mining power.
  2. Minergate: It is similar to Nicehash where users are provided software to give their hashing power to mine Cryptocurrencies. You can use your Normal computers to get started with Minergate and Collect 1 bitcoin. All you need to do is grab the software in your PC and provide your hashing power to them. The rewards will be automatically provided in your Minergate’s account. Also, You can also use your smartphone to mine Bitcoin with Minergate. However, mining with Minergate will be very fun and if it’s profitable you can also purchase efficient hardware. Lastly, to start Free Cloud Bitcoin or Litecoin Mining without investment you can install Minergate application in your friends and family’s phone.

Read also:

Best Free Litecoin Cloud Mining Sites

Other ways to Earn Free Litecoin:

Other ways to make money from Cryptocurrencies without any investment:

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