Frequently asked questions

What is Litecoin?
Litecoin is a digital currency and was created back in 2011 as an open source project on Github by founder Charlie Lee, an ex-Google employee. LTC is a fork from the original Bitcoin and was created to improve on the initial deficiencies of the Bitcoin blockchain protocol. LTC has a lower block generation time of 2.5 minutes, an increased total supply of coins pegged at 81,000,000 and utilizes the more common scrypt hash algorithm. Litecoin mining is based on the Scrypt hash algorithm, which is a Proof-of-Work (POW) consensus mechanism. This is the most common PoW algorithm which is still used by other mineable cryptocurrencies. Charlie Lee adopted this algorithm from Tenebrix, an early altcoin. The Scrypt algo incorporates elements of the SHA-256 algorithm but has more serialised calculations. Large amounts of high-speed RAM are favoured when using Scrypt, as opposed to raw processing power alone.
To earn profit with litemine.biz, litecoin mining knowlwdge is required?
No, because we will mine for you, you just need to make investment in litemine.biz.
How litemine.biz able to provide static profit every hour if the mining amount rate is different everytime?
We are mining since a long time and from our experience we can say that mining rate is keep changing but practically that is naive so we made a software that consumes all the details and provide you the static amount every hour.
How do i begin?
To starts with litemine.biz, you just need to make free registration by clicking Register Account.
What are the mining plan can i get with litemine.biz?
Litemine.biz offers three lucrative mining plans. Earning will be at every hours, 24 times a day. For more details regarding mining plan, visit Main Page.
What are payment methods does litemine.biz accepting?
Litemine.biz accepts four crypto-currencies namely Litecoin, Bitcoin, Ethereum and Dogecoin.
What if your wallet doesn't support our litecoin segwit address or it says invalid litecoin address?
If you are getting segwit address error or invalid litecoin address then please consult with support on telegram for faster solution.
I don't know how to earn profit with litemine.biz, what to do?
Don't be worried in this case because we have design special page of how to begin step by step to earm profit with litemine.biz, to do this visit Beginner Guide.
Does my colleague or my family use same device or same ip's with Litemine.biz?
Oh sure. You, your family and your colleague may have multiple accounts using the same device and IP address.
When registering I am asked to enter a payment processor details. What should I use?
Its optional so you can enter payment details which you own, for example if you are using Bitcoin paymnet processor then you may enter only bitcoin address and leave rest of the option blank.
Bitcoin Address format: 1Pu4nlocB54hcOP3cuykikfDBpSLVc7RsR
Litecoin Address format: LX5iOKs7YEYWZp25TZ3vNjB2QvxZiuukWd
Dogecoin Address format: DQopF7JokTsjEbtMA71aKVf9PB9bHupAyz
Ethereum Address format: 0x82u7i142DdD44d2Bd52A683F0641FbEAp3bcRT44
Perfect Money account number format: U********
Payeer account number format: P********
Can I change my payment method details after making registration?
Yes offcourse, you can do this anytime in your account settings.
I'm trying to change my payment method details in account settings, but don't get confirmation code via email.
Sometimes the letter with confirmation code is received in the Spam folder, check it out. If not received within 30 minutes then kindly contact support team.
What is the minimum deposit?
The minimum deposit amount is 0.2 Litecoin. If you deposit with other payment method then eqiuvalent of 0.2 Litecoin will be converted with your selected payment method.
What is the maximum deposit?
You can invest any amount upto 500 Litecoin.
How quickly deposit is added?
Normally, Crypto-currencies takes at least 3-5 network confirmations before it will be added as deposit. It may take from one to two hours. In rare cases, you may be faced with the expectation of up to 24 hours. We have no influence on the speed of this process, and can only recommend to wait a little after sending. In any case, your deposit will be added sooner or later.
How long will my deposit work?
Your deposit will work for 50 days from the time you made deposit.
Can i get my priciple back from litemine.biz
No, because your principle is included in profit.
When can I withdraw profits?
Minimum withdrawal amount is 0.003 litecoin. So you can withdraw profit as soon as your balance has 0.003 Litecoin or more.
What do I need to withdraw profit?
As soon as amount of your balance will be equal to or greater than 0.003 Litecoin, you can make a request to withdraw profit. To do this, use "Withdraw funds" section. Enter withdrawal amount and confirm your request.
How quickly withdrawal request is processed?
All payouts are made automatically and are instantly.
Do you charge a fee for withdrawing funds?
We are using modern computers for mining and for that we charge 2% maintanance fee that we use for power consumption, pool fees, miner device setup cost and many more. For every withdrawal you make, will cost 2% maintenance fee.
Can I make deposit from account balance?
Yes, you can invest from account balance.
Who are official representatives of litemine.biz?
Representative is an individual authorized to act on behalf of Litemine.biz. For this reason, Representative are generally out in front serving as one of the initial interfaces between the investors and the company. Representatives are extremely important to the success of Litemine.biz. All things considered, the primary focus of Lietemine.biz is to get and keep investors. We update our litemine.biz Representatives around the world at every day. Visit Representative Section.
What affiliate commissions representatives earn?
Affiliate commission of representatives is also Four-tier 9% - 6% - 4% - 2%.
How do I become a representative?
Any of you can become a representative. To do this you just need to have an active deposit of not less than 5.0 LTC or your referral have an active deposit of 5 LTC. Make sure to send your application letter at webmaster@litemine.biz which includes your full name, litemine.biz username, registered email id, country, Phone Number, Skype, Telegram, Facebook and other social media sites that you use regularly. We will get back to you within 24 hours.
How can I earn without investments?
You can use Four-tier affiliate program of 5% - 3% - 2% - 1% commission for every deposit made by your referral.
Do I need to have deposit to use my affiliate link and be rewarded?
No, your own deposit is not required.