Bitcoin Forum

HUGE 600LTC Giveaway!

YES! You read that correct, LiteGuardian (https://www.liteguardian.com) is giving away 600LTC to ONE person! One lucky miner will be 600LTC richer! (worth aprox. $1500 at the time of this writing).   :o

LiteGuardian miner and big LTC player Tenshou has generously donated the funds to the pool to make this contest happen. LiteGuardian thanks Tenshou for this gracious donation and we encourage all miners to thank him for such an amazing contribution! (He can be found on our Site IRC Chat as Tenshou)

All it takes is 1 entry to win, if you found out about the contest with only a few days to go, you still have a chance to win (you can increase your chances by inviting more people who are active miners) but all it takes is 1 entry, so even if someone joins and mines on the last day, they still have a chance.  BUT, you must be in it to win it! So join and start mining now!  (Click Request An Invite at https://www.liteguardian.com)  -  Based on current Pool hashrate invites will be auto processed within 10-30 minutes (but this may change depending on the hashrate of the pool)  - You can also stop by our irc on freenode (#liteguardian) and get an invite from an existing member, I am sure they will be happy to give you one  ;)

Contest Run Time:
Contest Starts Sept 1st and Ends Sept 30th (1 Month)

Contest Drawing:
Drawing Will Be On Around Oct. 3rd

How Will The Winner Be Picked?
All contest entries will be tallied and a 1 single random entry will be picked. This will be the winner. Tenshou will then send the 600LTC to the winner's pool LTC address. He is holding the funds here: (http://block-explorer.com/address/LLb6LVuESLPGcFMKTkbNPNMDt1AvpvXPXg)

What Counts As A Day Of Mining?
After some thought we have decided the system that tallies the day's entries will run randomly once per day. If you and your invitees are mining when the script runs, you will get an entry for that day for yourself and your invitees who are mining. We feel this is the best and most fair system.

How Many People Can I Invite?
As many as you want/can. We don't want users to be afraid to hand out invites because they are worried the person they invite will waste the invite so we will not be limiting the number of invites. All Users will be given 10 invites and can request more via Site IRC Chat or the Forums.

Fine Print:
Anyone who is caught cheating the contest in anyway will be disqualified and will NOT be notified of their disqualification. Each user may have 1 single account, we will be employing an anti-cheat detection system which monitors IP among other measures. As this is a free contest, anyone who is not happy with any aspect of the contest does not have to participate.

Our Bitcointalk Thread: https://bitcointalk.org/index.php?topic=257728.0

Why Did Tenshou Donate So Much LTC To The Contest?
Tenshou feels LiteGuardian is the best LTC mining pool and feels that once someone tries LiteGuardian they will love the features, custom pool software, the UI, and stability and decide to stay long term with LiteGuardian. 

Besides a chance to win 600LTC, you will be experiencing the most feature rich LTC pool.  We have teams, cgminer stats and reporting system, worker folders, a custom built pool software (front end and backend), ddos protection, servers on 3 continents (North America, Europe, Asia), VARDIFF, ability to set your difficulty, rich stats, active irc community (#liteguardian on freenode), and much more!  

I just want to personally thank Tenshou again, he has been a big supporter of LiteGuardian since its inception and he is a great guy. He has hinted at wanting to do future contests if this one goes well, maybe even a surprise contest after this one is over!

Feel free to ask questions about the contest in this thread, we will be happy to help!

Reserved

Thanks! Good luck everyone.

Thanks again Tenshou, you're the man!

Thanks Tenshou for making this happen.  Here's hoping I win :0  hahaha.

Very cool!  If i win i will build a rig OR TWO!

Good luck to you, Jimmy.

i have been minning in LiteGuardian since it,s launch , even invited one of my friends month ago , and i can tell it's very cool & the best ltc pool out there
guess i will be inviting all of my friends now  ;D , thnx tenshou for giving us this chance .

So all we have to do to get an entry is to mine there before the deadline?

I'm currently tied up with another pool right now but I'll check yours out in a week or two :)

Yes, each day you mine is an entry. If you need an invite let me know whenever you are ready.

Just shoot me an email address via PM and I will send you an invite.

FYI.. I am not eligible to win this contest, so an invite from me does not better my odds!

Invites sent... hit me up if you want to join the best LTC pool!!! Ohh and there is that 600 LTC contest too!

First day's entries were recently processed!  Check your contest details page to see how many entries you have earned!

I have 10 remaining invitations.

feel free to PM me and i will invite you.

600 LTC!  Can not wait to see someone win this!  Mine for 2% PPS and possibly win $1500.00 worth of coins...

so i get 1 entry for each of my invites and 1 per day i mine?

Correct

I will send 0.25 LTC to anyone who signs up under my invite and mines for more than 5 days! :)

PM me

I have more invites available send me a PM with your email address.  600 LTC for the winner!

Fiinalize, that's quite a generous offer.

Good luck.

Today's count was just completed (9/3/13 - the 3rd).

We wont be posting the time each day most likely, but since you asked and I happen to love Arch linux ;)

They got 2,100MH/s now :)

Anyone who wants 0.25 LTC, PM me.

Pool is over 2GH and growing!  Anyone else needing an invite send me a message... have sent several in the last few hours.

11 Invitation left, hurry up miners.

PM me your email address for joining Big Prize contest.

Over 3GH/s now.

Come and join us.

If anyone is needing a invite and you can not locate anyone, pm me and i currently have some i can hand out.



Thanks.
Goldbit

I think there is a bug in your calculations.

2GH is estimated to make 2142.34LTC per day for the miners at the current difficulty (which is even lower than when you calculated - 939). 

2% of 2142.34LTC is 42.84LTC not 364.

Also, your not including orphans which the pool absorbs, luck, payment fees for withdraws (which are free for the miners but the pool pays 0.02ltc on about 50% of them) and server and infrastructure cost.  There is a reason no medium to large sized pools run 2% PPS and all charge 3,4,5,6% PPS rates, and it's because at 2% you are just about breaking even. Orphan rate alone can be as high as 2% which would wipe out all pool income and that is before fees, luck, and infrastructure costs. 

I do this because I love it and believe in LTC, not to get rich.  If it wasn't for tenshou the pool would not be able to do this contest.

Liteguardian is speaking the truth.

It's very difficult to be profitable at 2%PPS.

600 LTC... Not too late to enter and possibly win!

Could I set some more invites added please? My LG username is "BrianB" as well.  Thanks!

If anyone needs an invite, I still have some. Just PM me.

Thanks you many of you, we're now the #1 Litecoin Pool.


 ;D ;D
https://i.imgur.com/mAmmi1O.png