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

[flippintwit]

Ok, I have removed the "=D" statement to try the variable difficulty and see how it works. Is there a way to tell what difficulty the pool has set my little USB miner at in bfgminer?

The last two numbers on your Accepted lines are the diff of the share submitted and the diff setting you're working on.

 [2014-12-23 21:06:21] Accepted 002b8032 RKM 2b pool 1 Diff 1.51k/1.02k
 [2014-12-23 21:06:36] Accepted 003cfdd3 RKM 0f pool 1 Diff 1.07k/1.02k
 [2014-12-23 21:06:42] Accepted 0033bff2 RKM 3g pool 1 Diff 1.27k/1.02k

[Searing]

Was looking at my hash rate (coming) 11,000mh on the pool (seems like a lot, but not a lot maybe)

 ...perhaps another tweak to the calculator to add GH and TH for giggles as toggle options...there?

(yes, it is that high, now hash rate...we can talk in such terms) sigh....

later

brad

I see you put in the tab for GH ..thanks...just figured it was 'cute'

Hard Rumor: currently is that Bitmain will be releasing for sale a 1.5gh unit @ 1,300 watts. So that means, until this 'supposed' pre-order

at the end of summer to us 'normal folk,' they will drive LTC difficulty up by maybe a much as 20%? (more?) over the Sumer and then IF pre-order sales

at the end of Summer as the rumor states...that would be Oct 2018 in our hands. A current L3+ (3 of them) can play in this 'sandbox' at 2,400 watts

(now) maybe even into fall...IF the price of LTC can keep ahead of LTC difficulty train...

anyway, Pooler...you may have to 'expand' your mining stuff for this particular dump of equipment and difficulty rise...

(unsure how your capacity for the pool works on this kinda thing...for all I know you are golden and it has no effect on you having to upgrade/equip stuff)

Anyway, been hearing this Hard Rumor for awhile now...but no firm proof...just an aside

thanks for the GH tab addition on the www.litecoinpool.org/calc.....them days are a coming...soon it seems!

[Pecker]

OK new to the Litecoin world as I am diversifying from BTC

I am currently running 8 S9's mining BTC

Just bought 2 of the Antminer L3+....

Is it the same setup bitmain software (root/root) that the S9's use? Just point at the pools US and US2 pools?

I already have my account and wallet all setup with Litecoin....

Any other tricks or things I should know...

Mine on!

[Rickuht]

OK new to the Litecoin world as I am diversifying from BTC

I am currently running 8 S9's mining BTC

Just bought 2 of the Antminer L3+....

Is it the same setup bitmain software (root/root) that the S9's use? Just point at the pools US and US2 pools?

I already have my account and wallet all setup with Litecoin....

Any other tricks or things I should know...

Mine on!

I've not run any of the S9's but the Bitmain software is the same between my RT1-LTC, D9's & L3+'s so safe bet would be yes...

On a side note, where's a good place to point D9's for BTC?

Good Luck, and welcome to the Lite Side!

[Pecker]

[/quote]

I've not run any of the S9's but the Bitmain software is the same between my RT1-LTC, D9's & L3+'s so safe bet would be yes...

On a side note, where's a good place to point D9's for BTC?

Good Luck, and welcome to the Lite Side!

[/quote]

Thanks!

I have been mining on Kano pool and had good luck and great support in the Forum.   The use PPLNS and use 5ND for ramping up and down.

In short, miner goes down, pool hits a block, you still share in the rewards..

I am very happy there and rewards are the best of anywhere I have found...  I've tried Antpool and Slujshpool then found Kano pool and never went anywhere else...

They are not the biggest, but in my opinion they are the best....

PM me if you have any questions..

[qanon1111]

https://steemit.com/pooler/@qanon1111/deep-analysis-degoo-litecoinpool-minercircle-a-comparission-of-pools-and-how-individuals-are-using-webmining-gives-100gb-cloud

[jasonbk1984]

Anyone wanna take a guess at what how much of a litecoin a 500 mh/s Antminer L3+ will be mining in 6 months? I bet it's only going to be .2 of a litecoin.  If the network hash rate keeps on going up at its current rate without any sort of price movement, then this coin is going to be put in to its grave.  You would think that a huge increase in mining would at some point equate to an increase in purchasing demand as well, but that hasn't even come close to happening.  Maybe it will once new people decide that the best way to get litecoin is to purchase instead of mine.

One theory on the whole market is that purchasing with a credit/debit card was the easy and quick way to get in to the market, and now that all the major card company's have almost banned purchasing with them the lack of new entrants in to the market has dried up and there is no new money coming in. Or at least it takes a lot longer for that new money to enter the market since impulse buying of crypto's is a lot harder since it either needs to be bank or wire transfer.

Anyways hope we get some price movement!

[webman2018]

Gone are the days where you will make a lot mining unless you have 100+ machines. Until Bitmain comes out with a better miner, the L3+ is the best for mining scrypt coin. The difficulty keeps getting higher mining Litecoin. So, you will be lucky to make $2.00 /day if you mine it directly. You would be better off mining a different scrypt coin directly like Verge or Gamecredits. Or, sell your hashing power to nicehash and you will make $5 to $7 /day.

Either the value of Litecoin needs to increase or we get a faster miner to make mining Litecoin worth it.

[Wolf_Tech]

On average litecoinpool find the most blocks I have ever seen. Just wish the miners could get some of that rewards. Not the whole 25 LTC but maybe 50%. Would certainly help the little guys trying to mine. I understand the pool needs money to operate but 5 grand , Just on may 10 2018, Litecoinpool found 14 blocks so that 56,000 US dollars.

[joseguille]

Hello! I recently joined to litecoinpool.org and I have some issues, but when I click “Forum” it sends mi to bitcointalk.org, and I am beginner about virtual currencies. I need help with: a problem configuring mining_proxy or a problem is access connection to litecoinpool?

C:\zyx\Minerd-CPU>mining_proxy -o us.litecoinpool.org -p 3333 -t -v
2018-05-16 10:49:35,278 DEBUG stats logger.get_logger # Logging initialized
2018-05-16 10:49:35,289 DEBUG protocol logger.get_logger # Logging initialized
2018-05-16 10:49:35,290 DEBUG socket_transport logger.get_logger # Logging initialized
2018-05-16 10:49:35,322 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,322 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,322 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,323 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,323 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,323 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,323 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,323 DEBUG proxy logger.get_logger # Logging initialized
2018-05-16 10:49:35,325 WARNING proxy mining_proxy.main # Stratum proxy version: 1.5.2
2018-05-16 10:49:35,325 WARNING proxy mining_proxy.main # Trying to connect to Stratum pool at us.litecoinpool.org:3333
2018-05-16 10:49:47,328 DEBUG socket_transport socket_transport.clientConnectionFailed # [Failure instance: Traceback (failure with no frames): <class 'twisted.internet.error.DNSLookupError'>: None: address 'us.litecoinpool.org' not found: [Errno 11001] getaddrinfo failed.
]
2018-05-16 10:49:57,809 DEBUG socket_transport socket_transport.clientConnectionFailed # [Failure instance: Traceback (failure with no frames): <class 'twisted.internet.error.DNSLookupError'>: None: address 'us.litecoinpool.org' not found: [Errno 11002] getaddrinfo failed.
]
Unhandled error in Deferred:
Unhandled Error
Traceback (most recent call last):
Failure: stratum.custom_exceptions.TransportException: SocketTransportClientFactory connection timed out
2018-05-16 10:50:17,255 DEBUG socket_transport socket_transport.clientConnectionFailed # [Failure instance: Traceback (failure with no frames): <class 'twisted.internet.error.DNSLookupError'>: None: address 'us.litecoinpool.org' not found: [Errno 11002] getaddrinfo failed.
]
2018-05-16 10:50:46,377 DEBUG socket_transport socket_transport.clientConnectionFailed # [Failure instance: Traceback (failure with no frames): <class 'twisted.internet.error.DNSLookupError'>: None: address 'us.litecoinpool.org' not found: [Errno 11002] getaddrinfo failed.
]
2018-05-16 10:50:50,661 INFO proxy mining_proxy.on_shutdown # Shutting down proxy...
¿Desea terminar el trabajo por lotes (S/N)?

[pooler]

Hello! I recently joined to litecoinpool.org and I have some issues, but when I click “Forum” it sends mi to bitcointalk.org, and I am beginner about virtual currencies. I need help with: a problem configuring mining_proxy or a problem is access connection to litecoinpool?

C:\zyx\Minerd-CPU>mining_proxy -o us.litecoinpool.org -p 3333 -t -v
[...]
2018-05-16 10:49:47,328 DEBUG socket_transport socket_transport.clientConnectionFailed # [Failure instance: Traceback (failure with no frames): <class 'twisted.internet.error.DNSLookupError'>: None: address 'us.litecoinpool.org' not found: [Errno 11001] getaddrinfo failed.

That looks like a DNS issue on your side.

At any rate, are you sure that you want to use a Stratum proxy? Normally that only makes sense if you have a very high number of miners and bandwidth constraints.

Finally, since your post suggests you may be trying to mine with CPUs: don't do that. Trying to mine Litecoin without specialized hardware is a waste of time.

[joseguille]

OK. Thanks for warning. I was thinking mining_proxy help me with the issue using minerd

[Wolf_Tech]

Any chance you could add Canadian dollars as a Main Currency in the account settings.

[shepardblue]

On average litecoinpool find the most blocks I have ever seen. Just wish the miners could get some of that rewards. Not the whole 25 LTC but maybe 50%. Would certainly help the little guys trying to mine. I understand the pool needs money to operate but 5 grand , Just on may 10 2018, Litecoinpool found 14 blocks so that 56,000 US dollars.

I'm not sure you understand how PPS works at 101% reward, litecoinpool pays miners all 100% of the 25 LTC reward and then an extra 1%. This extra 1% (and litecoinpool's profit) comes from merge mining several other coins.

I have run some experiments solo mining to compare the rewards earned to what litecoinpool pays out and I can safely say it is paying out correctly.

Also, unless you've run a pool at the scale of litecoinpool.org, you can't begin to estimate the cost. You're clearly experiencing symptoms of the Dunning-Kruger effect.

[Wolf_Tech]

On average litecoinpool find the most blocks I have ever seen. Just wish the miners could get some of that rewards. Not the whole 25 LTC but maybe 50%. Would certainly help the little guys trying to mine. I understand the pool needs money to operate but 5 grand , Just on may 10 2018, Litecoinpool found 14 blocks so that 56,000 US dollars.

I'm not sure you understand how PPS works at 101% reward, litecoinpool pays miners all 100% of the 25 LTC reward and then an extra 1%. This extra 1% (and litecoinpool's profit) comes from merge mining several other coins.

I have run some experiments solo mining to compare the rewards earned to what litecoinpool pays out and I can safely say it is paying out correctly.

Also, unless you've run a pool at the scale of litecoinpool.org, you can't begin to estimate the cost. You're clearly experiencing symptoms of the Dunning-Kruger effect.

Ouch that hurt. All I was asking was a simple question and all I get from you is an insult.

[shepardblue]

On average litecoinpool find the most blocks I have ever seen. Just wish the miners could get some of that rewards. Not the whole 25 LTC but maybe 50%. Would certainly help the little guys trying to mine. I understand the pool needs money to operate but 5 grand , Just on may 10 2018, Litecoinpool found 14 blocks so that 56,000 US dollars.

I'm not sure you understand how PPS works at 101% reward, litecoinpool pays miners all 100% of the 25 LTC reward and then an extra 1%. This extra 1% (and litecoinpool's profit) comes from merge mining several other coins.

I have run some experiments solo mining to compare the rewards earned to what litecoinpool pays out and I can safely say it is paying out correctly.

Also, unless you've run a pool at the scale of litecoinpool.org, you can't begin to estimate the cost. You're clearly experiencing symptoms of the Dunning-Kruger effect.

Ouch that hurt. All I was asking was a simple question and all I get from you is an insult.

RTFM

[pooler]

Any chance you could add Canadian dollars as a Main Currency in the account settings.

Done!

[GatekeeperZA]

Hey guys firstly great pool. secondly could you kindly add ZAR South Africa Rand to the currency list please.

[pooler]

Hey guys firstly great pool. secondly could you kindly add ZAR South Africa Rand to the currency list please.

Done.

[WinMar]

Interesting to see that at this current difficulty and the price of litecoin. Everyone is losing money. I wonder how long people can afford to continue mining and losing money.