[ANN] The First Litecoin PPS Pool (litecoinpool.org)

[HappyS]

Do you have a solo mode on your pool? i want to leave antpool but can't find a normal solo pool.

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[pooler]

Do you have a solo mode on your pool? i want to leave antpool but can't find a normal solo pool.

Litecoinpool.org is a PPS pool. If you want to mine solo you don't need a pool, you can just run all the software yourself.
Frankly, "solo pool" sounds like an oxymoron to me. Of course, there are services that make your solo mining setup easier in exchange for a fee whenever you find a block, but we don't do that.

[Justinjjhcs1]

seems the version of BFGminer that I have is only showing 3.57Mhz for output... and site is Registering 4,285Khz and No blocks found but I am still getting 0.03CND a min and my PPkw is 0.03CND.... not worth the 175.00Cnd that I payed for my Gridseed 5.5Mhz mining Hardware... I am buying a second unit to see if this helps my Earnings Rate...
Can anyone tell me How much Hardware I would have to buy to make this pay???

Since nobody has done it yet, I'm launching a pure pay-per-share Litecoin pool. As you probably know, this system has several advantages:

• No penalty for orphaned blocks.
• Predictable income: you are no more subject to bad luck.
• Rewards are instantly credited to your account (you don't have to wait for a block to be solved or confirmed).
• You can be sure that the pool operator is not cheating (because you know how many shares you submit).
• Immunity to pool hopping.

This method results in the least possible variance for miners.

Other features include: (updated)

• Exclusive ultra-low-latency Stratum implementation, written in C for maximum performance
• Support for Stratum over SSL/TLS, to prevent MITM attacks
• Support for extensions to the Stratum protocol, including resume, suggest_difficulty and suggest_target
• Adaptive share difficulty (“vardiff”)
• Geographically-distributed, redundant servers
• Detailed stats updated every minute
• Detailed history of earnings and payouts
• Per-worker performance graphs
• Automatic and manual payouts
• Email notification of idle miners
• Two-factor authentication support
• Extensive JSON API and mobile interfaces
• Website and mining interface also accessible as Tor hidden services
• Lightweight interface

Since September 11, 2014, the pool supports merged mining of Dogecoin and other cryptocurrencies, resulting in higher payouts than with a regular Litecoin pool.
We are currently merged-mining Argentum, Canada eCoin, Dogecoin, Huntercoin, Pesetacoin, Umbrella-LTC, Viacoin.

https://www.litecoinpool.org/

Feedback and feature requests are very welcome!

[fanten]

With the rising price of dogecoin right now, can we see a 110% PPS in the future for litecoinpool?

[pooler]

With the rising price of dogecoin right now, can we see a 110% PPS in the future for litecoinpool?

For 110% the price of Dogecoin would have to rise a lot more! However, we're currently considering increasing the PPS ratio to 102%.

[lennyNO]

For 110% the price of Dogecoin would have to rise a lot more! However, we're currently considering increasing the PPS ratio to 102%.

And there it was, 102% as of today 10am UTC: awesome! 

[Searing]

I'm back on your pool exclusively as my main pool....

sorry pooler, my asic's slept around with other sites....Prohashing, etc

so I'm crawling back now.....I've been very, very bad....

looks like more than a few of us, have come back due to the LTC price rise...

of course, we really came back because we love you ...not for $$ of course!

[leeb18509]

Hopefully this is a simple and easy question as I'm new to this.  I have 2 L3+ mining on LTCpool.  Is it better or make any difference whether they're both worker .1 and mining at ~1000MH/s together or should I separate them to .1 and .2 so they go 500MH/s each?  Thanks,  Lee

[pooler]

Hopefully this is a simple and easy question as I'm new to this.  I have 2 L3+ mining on LTCpool.  Is it better or make any difference whether they're both worker .1 and mining at ~1000MH/s together or should I separate them to .1 and .2 so they go 500MH/s each?  Thanks,  Lee

Can I use the same worker name and password for more than one physical miner?
Yes, but if you use different workers it is easier to track your miners' performance. Your expected rewards will be the same either way.

[leeb18509]

Of course, thanks!  I probably read that awhile ago but before I had more than 1 machine.  :-)

[thestockfadi]

I'm back on your pool exclusively as my main pool....

sorry pooler, my asic's slept around with other sites....Prohashing, etc

so I'm crawling back now.....I've been very, very bad....

looks like more than a few of us, have come back due to the LTC price rise...

of course, we really came back because we love you ...not for $$ of course!

Agreed. .After taking some time to figure out how to mine at other scrypt pools I came right back here. It's just too simple! No brainer!  . . .

[Justinjjhcs1]

14.22/12.55/ 5.70Mh/s??? and it is still going down... sitting at 4.46Ghz what the Hell..... it was making 1.34/Hour no it is sitting at .789/Hour what gives? I am starting to Agree that this is a scam.....
2 GridSeed Miners still sitting at 0.00006TLC/Hour that is what I got before
this mining pool is dead.....
Restart back up to 1.88/Hour 10.36Ghz   now at 2.22/Hour WOW !!

[jbuk1]

And there we go 103% PPS. Wow. 

[cyberdeity]

seems the version of BFGminer that I have is only showing 3.57Mhz for output... and site is Registering 4,285Khz and No blocks found but I am still getting 0.03CND a min and my PPkw is 0.03CND.... not worth the 175.00Cnd that I payed for my Gridseed 5.5Mhz mining Hardware... I am buying a second unit to see if this helps my Earnings Rate...
Can anyone tell me How much Hardware I would have to buy to make this pay???

I thought Gridseed miners were not profitable at all anymore?  The smaller one burns more in electricity than it can earn in revenue according to NiceHash's calculator, I don't know the exact electricity specs on the ones you bought.  Modern Scrypt miners can hash 500Mh/sec+ (Bitmain L3+ or Innosilicon A4+) and only pull in $20 a day or less currently so your hardware is probably a doorstop unless you want to try mining some other shitcoins and hope they moon or go the lottery route on a solo pool and hope you get lucky and hit a block.

https://www.nicehash.com/profitability-calculator/gridseed-blade-25mhz?e=0.1&currency=USD

[Erdash]

And there we go 103% PPS. Wow. 

So cool and now I think what is up? All people are going to NiceHash?

[fanten]

And there we go 103% PPS. Wow. 

So cool and now I think what is up? All people are going to NiceHash?

This is pay per share. Nothing to do with network hashrate and difficulty. With the increasing price of doge I think we can see 105% soon. I hope  .

[wellwishing]

Hello. I am wondering if ALL the blocks found listed are Litecoin blocks only? Or include dogecoins etc from merge-mining? I have found 4 blocks as shown in account. It seems I would do better solo mining if they are all LTC blocks.
Thanks-

[pooler]

Hello. I am wondering if ALL the blocks found listed are Litecoin blocks only? Or include dogecoins etc from merge-mining?

The website reports Litecoin blocks, as you can tell from their height in the blockchain.

I have found 4 blocks as shown in account. It seems I would do better solo mining if they are all LTC blocks.

You can't draw that conclusion from a sample of size 4, the variance is too high. In other words: if you were lucky today, it doesn't mean you will also be lucky tomorrow.
Let me remind you that this is a PPS pool, which means predictable earnings, so it makes little sense to look at how many blocks were actually found. I would instead compare your earnings at the pool with the statistically expected rewards of solo mining.

[wknight]

Holy shit. Your still going! Good on you bro!

[Tigggger]

You can't draw that conclusion from a sample of size 4, the variance is too high. In other words: if you were lucky today, it doesn't mean you will also be lucky tomorrow.
Let me remind you that this is a PPS pool, which means predictable earnings, so it makes little sense to look at how many blocks were actually found. I would instead compare your earnings at the pool with the statistically expected rewards of solo mining.

Well as I was bored, I've done over 5 billion shares and am running at 97.17% of average, which given it has paid out 100-108% almost all the time I have been on seems about right to me.

And another random fact that pooler might find interesting, I got one of the very first titan's and was ranked #3 at the time, it's still going strong but now at #7607 :-)