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Author Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org)  (Read 146472 times)
g2x3k
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November 11, 2011, 04:38:32 PM
 #21

ofc you can, you just hide some blocks to cheat users dont lie! Tongue
i doubt youre doing hehe, but could is another thing Smiley

How would hiding blocks cheat the miner?  Technically a PPS pool doesn't even need to keep public stats on blocks found.


to claim bad luck to justify the fees Smiley

http://PooL-X.eu/ join the crew, bring your slaves
http://wallet.it.cx/ Instant LTC Wallet service
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pooler
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November 11, 2011, 05:06:31 PM
 #22

You are right.. normally there are large fee's. But abcpool is 0% fee pps Smiley

Yes, but that's just a temporary promotional offer. On their own site they say they will introduce a fee later on.
And even now I am quite sure they have a few generous miners who donate the default 4% or more, even if the don't have to.
Of course I could do something similar, but I don't think I will, because that doesn't seem fair to me.

Quote
Quote
Proportional pools (including PPLNS pools) don't worry too much about these problems, because they never give away more than they earn.

This is false and mainly why i wanted to reply to your post. http://lc.ozco.in pays out 60 ltc per block. and also http://pool-x.eu pays 5 LTC block bonus to the block finder. Elitist Jerks use to do 50 ltc block bonus to the block finder.. so saying that a pool will never give away more then they earn is false.

Again, those definitely look like promotional offers, which probably won't last forever (unless those guys want to lose real money, because server costs are real).
I believe in Litecoin. What I am trying to build is something fair and durable, not something to attract miners. I don't want to reach a day when I will have to say: "Sorry guys, the offer is over, now we get serious." What would late miners think?

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
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November 11, 2011, 05:53:22 PM
 #23

pooler,

I understand where your coming from. I was just bringing up the facts at this point these facts you present are untrue. Pools are going to change fee's and give away for promotions all the time. The way your post was worded is for todays Litecoin pools.

Down the road Litecoin pools I am sure will change just like you changed your fee's.

Thats the only point I was trying to make.

I personally wish you all the luck in your pool.

Cheers

Mining Both Bitcoin and Litecoin.
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November 11, 2011, 06:10:27 PM
 #24

I understand where your coming from. I was just bringing up the facts at this point these facts you present are untrue. Pools are going to change fee's and give away for promotions all the time. The way your post was worded is for todays Litecoin pools.

I have nothing against other pools, and I'm sorry if I gave that impression. When I said "proportional pools" I was rather referring to the proportional system in itself, that's why I didn't think of additional promotions and the like.
That's also why I think BTC and LTC pools can and should be compared. What is being mined is not important when you are just comparing reward systems.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
pooler
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November 11, 2011, 06:15:01 PM
 #25

you shuld read up on pool hopping ... pplns with proper setup, cant rly be cheated, why wouldnt care for those other problems ?

I think you should re-read my post, I never said that PPLNS could be cheated by pool hoppers. What I said is that miners are subject to luck effects and that both the pool and its miners can potentially be cheated by block withholders.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
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November 11, 2011, 07:57:21 PM
 #26

New change in difficulty, 6.7% decrease!
I don't know if this is good (because shares are now worth a little more) or bad (because the Litecoin network is not growing).

By the way, for all lovers of statistics I have added two more estimates on our stats page: an estimate of what the next difficulty will be, based on the current network hash rate, and the time to the retarget. These two figures should get more and more accurate as the difficulty change approaches. Please report any unexpected behavior! Cheesy

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
rTech
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November 11, 2011, 09:16:38 PM
 #27




_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_,_

Ill personally donate 50 LTC for first person to add 90KHASH

Note! Miner's has to keep miners atleast 5 days constantly over 90khash.
I'm no way related in to this pool but i love pure PPS system. So i wanted to
help promote it. Real deal no catch ;-) Ok Thanks 'n' bye... Cheesy Have fun..


-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-

Donated 50ltc to User2525
Graet
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November 12, 2011, 01:43:54 AM
 #28

Yeah I know I'm a bad man paying 20% more.....

BUT when Ozcoin's LTC pool started we were the 2nd or 3rd Litecoin pool. The "Unknown" section of the of the graph at
http://litecoin.kicks-ass.org/graphs/graphs.html
was huge, there were concerns about 51% attacks etc in the #litecoin irc chanel - I decided to offer 20% more LTC to try to entice some of the "unknown" to "known".
(btw contact molecular and get added to the graph)

At todays (btc-e) price 10LTC =approx 0.15USD - that wont send me broke....
The LTC pool is running on a server I already had for my BTC pool - extra cost 0

So thanks for your concerns but really it costs next to nothing to run the LTC pool, the team at Ozcoin Pooled Mining Pty Ltd have over 5 months experience running a BTC pool. We also think Litecoin has a future - or we wouldnt be here Smiley

Good luck in your venture, hope the lucky run continues for you Smiley

| Ozcoin Pooled Mining Pty Ltd https://ozcoin.net Double Geometric Reward System https://lc.ozcoin.net for Litecoin mining DGM| https://crowncloud.net VPS and Dedicated Servers for the BTC community
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November 12, 2011, 08:49:43 AM
 #29

Graet, I'm happy to read that you believe in Litecoin so much! Smiley
Unfortunately, despite your effort, "Unknown" miners have risen to 75%... let's hope those are not botnets!
I will contact molecular and ask him to add us to the graph, thank you for the suggestion!

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
pooler
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November 12, 2011, 05:22:52 PM
 #30

Great news, folks! Smiley The pool will now be paying for genuine stale shares, too!

I've been working on this for a while, and I'm happy to announce that it's now official. Enjoy!

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
terrytibbs
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November 13, 2011, 12:59:43 PM
 #31

Instead of linking to the generation transaction, you can poll my Block Explorer's API (http://explorer.liteco.in/q/txidtohash) with the txid of the generation transaction, it will spit out the block hash of the block in which that transaction originated, and you can link to it on your page like so: http://explorer.liteco.in/block/HASHASHASHASHASH

For example:
Generation transaction 86d34bfaf48f90a2638330f73c2bebebeea77fa6dc02fa14d669fe2a1999e5b9 ->
http://explorer.liteco.in/chain/Litecoin/q/txidtohash/86d34bfaf48f90a2638330f73c2bebebeea77fa6dc02fa14d669fe2a1999e5b9 =
37b505af72432111d8dc9ca637d28cf18b99bae9f00aee6ab7cc91d0a0428f45 ->
http://explorer.liteco.in/block/37b505af72432111d8dc9ca637d28cf18b99bae9f00aee6ab7cc91d0a0428f45

It results in a better experience when clicking the block links.
pooler
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November 13, 2011, 03:50:37 PM
 #32

Instead of linking to the generation transaction, you can poll my Block Explorer's API (http://explorer.liteco.in/q/txidtohash) with the txid of the generation transaction, it will spit out the block hash of the block in which that transaction originated, and you can link to it on your page like so: http://explorer.liteco.in/block/HASHASHASHASHASH

For example:
Generation transaction 86d34bfaf48f90a2638330f73c2bebebeea77fa6dc02fa14d669fe2a1999e5b9 ->
http://explorer.liteco.in/chain/Litecoin/q/txidtohash/86d34bfaf48f90a2638330f73c2bebebeea77fa6dc02fa14d669fe2a1999e5b9 =
37b505af72432111d8dc9ca637d28cf18b99bae9f00aee6ab7cc91d0a0428f45 ->
http://explorer.liteco.in/block/37b505af72432111d8dc9ca637d28cf18b99bae9f00aee6ab7cc91d0a0428f45

It results in a better experience when clicking the block links.

Done!
I see that the liteco.in block explorer has been redesigned, nice job! I miss some of the info displayed by the other block explorer, though, such us the link to the next block(s)... do you plan to add them?

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
terrytibbs
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November 15, 2011, 07:10:03 PM
 #33

I see that the liteco.in block explorer has been redesigned, nice job! I miss some of the info displayed by the other block explorer, though, such us the link to the next block(s)... do you plan to add them?
Thanks. I added a link to the next block(s). Let me know if there's anything else you're missing. I've trimmed down a lot, especially the UI-heavy stuff like table columns.
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November 16, 2011, 05:33:31 PM
 #34

The site was down for about 30 minutes because of an attack attempt.
I have added some additional protection, and the issue should be resolved now... Sorry everybody for the downtime.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
pooler
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November 17, 2011, 03:17:42 PM
 #35

After upgrading to the latest version of litecoind, pool performance seems to be back to normal.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
terrytibbs
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November 28, 2011, 09:55:04 AM
 #36

Do you mind if I poll your API every five-or-so minutes?
pooler
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November 28, 2011, 09:57:01 AM
 #37

Do you mind if I poll your API every five-or-so minutes?

No problem. Smiley

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
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November 29, 2011, 11:49:58 AM
 #38

Another reason to choose PPS: you get paid even when blocks get out of the main chain.

There was one rather long (27 blocks) chain that became orphaned 7 hours ago, and two of those blocks were found by our pool.
Did this affect your earnings? Not at all! (It only affected the pool's wallet, d'oh! Cheesy)

Here is the root of the orphaned chain:
http://blockexplorer.sytes.net/block/51eb5d3c807107c6e9dc5ba0074883b718d1a5fe48f245f8cef53eff74ee09dc

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
DeathAndTaxes
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November 29, 2011, 03:20:12 PM
 #39

A 27 block orphaned chain?  Any idea why the network wouldn't re-org in 26 or less blocks?
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November 30, 2011, 01:24:58 AM
 #40

A 27 block orphaned chain?  Any idea why the network wouldn't re-org in 26 or less blocks?
It'd be interesting to analyse the two chains and see if any transactions were changed.
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