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

[xurious]

I'm very saddened to see LiteCoinPool.org (LCP) go in this protectionist direction. I have been running my L3+ on the site since I got it a month ago. I appreciated the low threshold/payout that THEY set up and offered. It's not fair, or mature, to accuse miners of "abuse" when YOU, LCP, set the standards for payout! So, without notice, tweet, blog post to your over 12,000+ dedicated miners, you change the rules, obscure those new rules, and act petulant to the very miners which support your site. NOT professional.

Hey, it's your pool, do what you wish. But don't expect the very people you've just insulted and accused of abuse to stick around. And on that note, even with your "102%," your frequently changing difficulty, and arbitrary (read: secret) payout policy change, miners will just head back over to Nicehash or Prohashing. After all, at the time of this post, they are both paying MORE than you!.

I've liked being a part of the LCP community and felt like it was a good place to mine, but now, with whatever is going on internally, I know that I and my L3+ are expendable and being treated badly for following THEIR RULES!

So, goodbye for now LCP. I hope you get your act together and become a positive force in the mining community once again. Until then, I will be mining at a pool that does not call their thousands of miners "abusers."

Rabble rabble, rouse rouse. You are grasping at anything that could be possibly be interpreted as offensive for something so minor.

[RandomQ]

anyone else having problems with using over 50,000 MH/s on the pool? I seem to hit a road block in the 40K-50K MH/s and the pool starts to throttle the ramping up of my speed?

[RossGeller007]

Ok, but we were using what you had stated there.
You allowed those payout thresholds. The intent wasn't to abuse but to consume what you allowed.

I understand why, but it seems like what we did was reprimanded, when we followed what was on the page.

There were no reprimands though, and no form of penalization was applied. Payout intervals were simply adjusted where needed to conform to the new limits.

1. Do you intend on increasing the hours more?

It's not currently planned, but it may happen. We are in the process of optimizing the payout process, and it could take some time.

2. You don't mention how you can decrease the hours, if payout is enough. What is enough?

We are still refining the exact formula, but the principle is straightforward. You can simply set your desired threshold, and put the shortest interval that would be acceptable to you. When you save the settings, the interval will be automatically adjusted upwards as needed.

Thanks for the explanation, and glad it wasn't interpreted as abuse.

Looking forward to your final rules, once you refine your formula.

PS: Once again, thank you for your service. Didn't mean to rattle things here. I am definitely planning on sticking around, and ordering more and more miners.

[abu soheib]

anyone else having problems with using over 50,000 MH/s on the pool? I seem to hit a road block in the 40K-50K MH/s and the pool starts to throttle the ramping up of my speed?

Is your issue resolved yet? i can't connect to the pool from about 3 hours!

[pooler]

anyone else having problems with using over 50,000 MH/s on the pool? I seem to hit a road block in the 40K-50K MH/s and the pool starts to throttle the ramping up of my speed?

Is your issue resolved yet? i can't connect to the pool from about 3 hours!

There's no issue with the pool as far as I can tell. There are many miners currently hashing at well over 50 GH/s. And I can connect to all servers just fine. I'd suggest that you check your network connectivity and miner configuration.

[abu soheib]

anyone else having problems with using over 50,000 MH/s on the pool? I seem to hit a road block in the 40K-50K MH/s and the pool starts to throttle the ramping up of my speed?

Is your issue resolved yet? i can't connect to the pool from about 3 hours!

There's no issue with the pool as far as I can tell. There are many miners currently hashing at well over 50 GH/s. And I can connect to all servers just fine. I'd suggest that you check your network connectivity and miner configuration.

 
Thx a lot it's solved

[zul32]

Hi all - fairly new to the hobby. I've got only three GAW fury miners at 1.44 MHz/s is the Gridseed faster than these? From what I've read, I thought that they're only good for litecoin mining and are 300KH/s. I also read that they're 8GH/s. So, not really sure?? 

So, if that's the case, then what is the next (reasonable) step up from this - I'm looking for something inexpensive, and no don't suggest an ANT miner. I'm not forking out or even considering something that's $2k.

Thanks
 

[vegascoinpool]

Hi all - fairly new to the hobby. I've got only three GAW fury miners at 1.44 MHz/s is the Gridseed faster than these? From what I've read, I thought that they're only good for litecoin mining and are 300KH/s. I also read that they're 8GH/s. So, not really sure?? 

So, if that's the case, then what is the next (reasonable) step up from this - I'm looking for something inexpensive, and no don't suggest an ANT miner. I'm not forking out or even considering something that's $2k.

Thanks
 

If you're looking for something small and affordable... but more powerful than the Gridseed might I suggest the Bitmain Antrouter R1-LTC. It's 1.2 MH/s

I've got a small bank of these running on various altcoins (and some are running on THIS pool) and they're stable as crap.

[tommy1033]

Hi all - fairly new to the hobby. I've got only three GAW fury miners at 1.44 MHz/s is the Gridseed faster than these? From what I've read, I thought that they're only good for litecoin mining and are 300KH/s. I also read that they're 8GH/s. So, not really sure?? 

So, if that's the case, then what is the next (reasonable) step up from this - I'm looking for something inexpensive, and no don't suggest an ANT miner. I'm not forking out or even considering something that's $2k.

Thanks
 

try get a innosilicon a4 not the a4+ that one is expensive.

[anon7174]

Hi all - fairly new to the hobby. I've got only three GAW fury miners at 1.44 MHz/s is the Gridseed faster than these? From what I've read, I thought that they're only good for litecoin mining and are 300KH/s. I also read that they're 8GH/s. So, not really sure?? 

So, if that's the case, then what is the next (reasonable) step up from this - I'm looking for something inexpensive, and no don't suggest an ANT miner. I'm not forking out or even considering something that's $2k.

Thanks
 

Complete beginner here. How is it profitable to mine with anything where the hash rate in MH/s is less than an eighth of the power (W) at the current price and mining difficulty? I read that the GAW fury miner has 1.3 MH/s with 45 W power usage which the pool's calculator shows as a loss. I am also looking for something relatively cheap to get started but I'm unsure about whether there is anything below $250 that turns a profit...

Can anybody clarify this for me? Is there anything even with an ROI<1 year under $250? (Sorry if I am completely off the ball here or I have no idea what I'm talking about!)

[zul32]

The innosilicon a4 is still too much for my budget... anything somewhere half way inbetween those two?

Thanks

[AdRandum]

What are the alternatives for Litecoinpool?

Have several L3+ miners up and running now at litecoinpool without any issue, but want to see what can alternatives provide (higher revenue?)

[Pekkaen]

Hey

Im fairly new to mining, i got 2 L3+'s 5 days ago.
But im running them on Litecoinpool and im just wondering, it seems like the 2 last days they have restarted a couple of times. Last time was 9 hours 39 minutes ago.
Is this because of a server restart ?
The first 2 days i had them i ran 1 on prohashing and 1 on litecoinpool but i cant say i saw this happen on prohashing ?

So just wanted to know if its normal, it says uptime 4 (which i guess is days ?) but when i go to miner status the elapsed time sometimes resets.

[tommy1033]

The innosilicon a4 is still too much for my budget... anything somewhere half way inbetween those two?

Thanks

buy a used  gtx 1060 or two and go for ethereum

[pooler]

Im fairly new to mining, i got 2 L3+'s 5 days ago.
But im running them on Litecoinpool and im just wondering, it seems like the 2 last days they have restarted a couple of times. Last time was 9 hours 39 minutes ago.
Is this because of a server restart ?

None of the mining servers was restarted in the last 7 days, so no. Besides, a server restart shouldn't cause a miner to reboot, it should simply switch to the next configured server.

[zul32]

The innosilicon a4 is still too much for my budget... anything somewhere half way inbetween those two?

Thanks

buy a used  gtx 1060 or two and go for ethereum

I'd prefer not to mine ethereum, but litecoin instead. I did see a miner out there called a 'FutureBit Moonlander 2' has anyone been using those? How did you like it? I'm guessing that you could just plug in some sort of USB extender 'stick' and plug a bunch of them in and start mining right? Nice, and small and compact for sure.

[Aethyr13]

I use only 2 of the Moonlanders, but pretty much just for low difficulty coin, as my L3s do all of the work. for LTC i can report 2 at 8.3Mh(overclocked) gets you 0.0007 LTC per day. Not much and will take years for payoff! only for low difficulty coins or learning experience.

[crypto_sw1tch]

Hi guys!

I'm updating my mining setup with few S9 Antminers and since I don't have enough electricity to power them all, I have few L3+ for sale. The L3+ are used for LTC mining on stock FW and 504 Mh/s inside a dry, clean and cold basement. They are operational for 4 months now and still work like their first day. PSUs I have for them are Crosair 1kW, also very good, not even warm to the touch. Can you suggest a price for one L3+ with Crosair 1kW PSU? Based on the LTC price now, ROI, market availability, customs import charges for new ones and the fact that the my miners are used and not new.. I really don't know how much to ask. Thank you

[anon7174]

While mining, I keep getting the message "Stratum requested work restart". I understand this is normal to get every few minutes but I am just constantly getting it ten-twenty times in a row. Is this normal and would adjusting the difficulty/other settings fix this?

Thank you!

[pooler]

While mining, I keep getting the message "Stratum requested work restart". I understand this is normal to get every few minutes but I am just constantly getting it ten-twenty times in a row. Is this normal and would adjusting the difficulty/other settings fix this?

It is normal to get it even a few times per minute. It is not an error, and difficulty has nothing to do with it.