Bitcoin Forum

I am seeing if there is interest for another Litecoin mining pool, to help contribute to the decentralization of the Litecoin network. If there is sufficient demand, I will start the pool. I will be using the latest Litecoin daemon, and will be signalling support for segregated witness. I may if demand is high enough take this one step further by setting up some low latency Litecoin nodes around on a few servers around the world, to enable even faster block changes / propagation to reduce orphan rates. This has been done on the bitcoin network and proved invaluable.

Please post if you are interested in this and what your hashrate is, if it seems like demand is sufficient, I will set one up! I am hoping for at least 2 GH/s of potential hashpower for this pool, I am also investing in a few KNC titans which I will throw at the pool if I set it up. If I get at least 5 - 10 GH/s of interest, I will set up the relay network. This pool will have a 1% fee to cover running costs.

Advantages of having a Litecoin relay network like the bitcoin relay network means we can on low latency servers push our blocks around the world quickly by establishing a direct connection with the nodes of major pools and other nodes near each of them, fast block changes means your less likely to have an orphan and loose the block. Some orphans are unavoidable, but this can reduce the chances. It also means the pool will hear about a new block on the network as quickly as possible, to reduce stale shares as new work will be sent to miners as quickly as possible.

If I can get enough interest, we are another step in assuring decentralization of the Litecoin network by having another pool to choose from, and potentially a list of low-latency Litecoin nodes around the world which this pool, and other pools can make use of.