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Author Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org)  (Read 217490 times)
casy007
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December 07, 2017, 12:22:20 PM
 #941

if my vorker found the block, will I be rewarded for this?
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pooler
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December 07, 2017, 12:27:42 PM
 #942

if my vorker found the block, will I be rewarded for this?

See this FAQ entry.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
casy007
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December 07, 2017, 12:38:52 PM
 #943

I read it, but I did not understand. Today my vorker found a block, but I did not see the rewards
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December 07, 2017, 12:58:57 PM
 #944

I read it, but I did not understand. Today my vorker found a block, but I did not see the rewards

To clarify, that is normal. As explained in the FAQ, finding a block does not result in any special reward.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
casy007
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December 07, 2017, 01:05:18 PM
 #945

That is the reward for the block remains in the pool wallet?
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December 07, 2017, 01:14:48 PM
 #946

That is the reward for the block remains in the pool wallet?

Of course not. It is used to reward all of the pool's miners, based on how much work they do. That's just how pooled mining works.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
awakenltc
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December 08, 2017, 01:56:17 AM
 #947

What you say is true, but it doesn't change the fact that nowadays mining Litecoin with anything other than an ASIC is unprofitable. If you're not convinced, I invite you to do the math. At the current price of $28, and assuming you pay 0.06 $/kWh (which is very cheap), in order to be profitable at 7 W you would have to do at least 125 kH/s. You didn't mention your Pi's hash rate, but if my memory serves it should be lower than that by at least one order of magnitude.

I'm reading this from a while back, but it directly relates to my question. I'd read this on coingecko: "Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market."

I can't tell what year it means by "end of this year" but sounds like ASIC has already entered the LTC market.

I'm still really interested in mining and like the way this pool works (litecoinpool.org) but I honestly have no idea what ASIC miner to buy, where to buy it, or how much I need to pay to get any decent return. I saw the calculator, but I am stuck at knowing what basic hardware to start with. I don't even own a desktop PC, just a few laptops. I understand you can't even use a laptop, or does that change with ASIC?

I find so much info online about various "getting started" things, but nothing seems to start from scratch on equipment. Hoping you can help and understanding you're just sharing knowledge and aren't responsible for what I buy and results I get with it.

Thanks.
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December 08, 2017, 05:59:43 PM
 #948

I'm reading this from a while back, but it directly relates to my question. I'd read this on coingecko: "Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market."

I can't tell what year it means by "end of this year" but sounds like ASIC has already entered the LTC market.
If I remember correctly, the very first scrypt ASICs started appearing in early 2014.

I'm still really interested in mining and like the way this pool works (litecoinpool.org) but I honestly have no idea what ASIC miner to buy, where to buy it, or how much I need to pay to get any decent return. I saw the calculator, but I am stuck at knowing what basic hardware to start with. I don't even own a desktop PC, just a few laptops. I understand you can't even use a laptop, or does that change with ASIC?
Nowadays trying to mine Litecoin with commodity hardware is pure folly. You would only end up losing time and money.
You should know that most ASICs today are standalone machines. You usually just have to plug them into your local network and connect them to an adequate power supply. They are typically configured via a web panel that you can access using any computer with a browser, and the whole process tends to be pretty straightforward.

I find so much info online about various "getting started" things, but nothing seems to start from scratch on equipment. Hoping you can help and understanding you're just sharing knowledge and aren't responsible for what I buy and results I get with it.
I really prefer not to name any particular brand or model because I've never personally operated a Litecoin ASIC, but you can definitely make yourself an idea of what other people are using by reading this and other threads.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
millerfilm
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December 09, 2017, 04:25:53 AM
 #949

I have been running a new Antminer L3+ for two weeks. It has been running right to spec the entire time.

My question: My Antminer control panel has been consistently showing 502 MH/s with very little variation. But, on my Litecoinpool Account page, the hashrate can vary +/- 50 MH/s.

What would be your opinion on why there would be this difference? I am running only Litecoinpool, and no other pool on my Antminer.

I have restarted my miner twice over the past 20 hours and it made no difference.

Do you think that it is because Litecoinpool is using some calculation to guess what my miner's hashrate is, instead of knowing what it is?

Thank you, in advance, for your help with this! I do appreciate it.

http://MillerMine.com - Mining and Crypto News
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December 09, 2017, 07:43:21 AM
 #950

I have been running a new Antminer L3+ for two weeks. It has been running right to spec the entire time.

My question: My Antminer control panel has been consistently showing 502 MH/s with very little variation. But, on my Litecoinpool Account page, the hashrate can vary +/- 50 MH/s.

What would be your opinion on why there would be this difference? I am running only Litecoinpool, and no other pool on my Antminer.

I have restarted my miner twice over the past 20 hours and it made no difference.

Do you think that it is because Litecoinpool is using some calculation to guess what my miner's hashrate is, instead of knowing what it is?

Thank you, in advance, for your help with this! I do appreciate it.

The hashrate is based on the shares that you submitted to the litecoinpool. So maybe this time if you submitted lots of shares then the hashrate will be higher and vice versa. The real hashrate speed is in your antminer control miner.

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pooler
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December 09, 2017, 08:55:01 AM
 #951

My question: My Antminer control panel has been consistently showing 502 MH/s with very little variation. But, on my Litecoinpool Account page, the hashrate can vary +/- 50 MH/s.
[...]
Do you think that it is because Litecoinpool is using some calculation to guess what my miner's hashrate is, instead of knowing what it is?

Yes, that's exactly it. Miners do not communicate their hash rate to pools, so pools can only estimate it based on how frequently shares are submitted. You can find a little more information in this FAQ.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
Wolf_Tech
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December 09, 2017, 02:50:30 PM
 #952

I see some people on litecoinpool anonymous yet you have to register.

Nothing in the help showing an answer to that question.
pooler
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December 09, 2017, 02:55:14 PM
 #953

I see some people on litecoinpool anonymous yet you have to register.

Nothing in the help showing an answer to that question.

I'm not sure what your question is, to be honest. There's an option in the account settings that allows you to hide your username from public statistics, and if you check it you'll show up as "anonymous".

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
Jluyt123
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December 11, 2017, 08:42:09 PM
 #954

A question for the L3+ owners:

As of DEC 11th, what kind of daily revenue are you pulling in on this pool?

I am considering to switch, but would appreciate your feedback
B00gieman
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December 11, 2017, 09:17:52 PM
 #955

Im trying to change my LTC address (it was locked). I sign the message and click "unlock address"... but i always get "http error 500"


A question for the L3+ owners:

As of DEC 11th, what kind of daily revenue are you pulling in on this pool?

I am considering to switch, but would appreciate your feedback

0.07LTC daily
Ponro
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December 11, 2017, 10:16:36 PM
 #956

0.206980939776ltc for the last 24 hours, running 2 L3+
pooler
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December 11, 2017, 11:09:22 PM
 #957

A question for the L3+ owners:
As of DEC 11th, what kind of daily revenue are you pulling in on this pool?
Not all L3+s can run at the same speed, but right now for 500 MH/s the expected daily rewards are about 0.1028 LTC (see the calculator). Mind, however, that the difficulty is going to rise again in a couple hours.

Im trying to change my LTC address (it was locked). I sign the message and click "unlock address"... but i always get "http error 500"
Please write an email to support including your username and what software you used to produce the signature, so that we can investigate.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
leobot29
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December 12, 2017, 02:53:55 AM
 #958

Hello all,
I'm curious and there may be something I may be missing, but for LTC mining it seems the L3+ is being pushed as the only way to mine LTC now, yet my Rx 580 is doing better(~800mhs) than what is listed as the average mhs rate for the L3+ (~520). I literally just started mining LTC again as I post this so I have nothing mined recently at the moment and am waiting to see. Been mining FTC heh. Should I not even bother or am I right? Is my RX 580 actually worth using?
Ponro
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December 12, 2017, 03:32:49 AM
 #959

Hello all,
I'm curious and there may be something I may be missing, but for LTC mining it seems the L3+ is being pushed as the only way to mine LTC now, yet my Rx 580 is doing better(~800mhs) than what is listed as the average mhs rate for the L3+ (~520). I literally just started mining LTC again as I post this so I have nothing mined recently at the moment and am waiting to see. Been mining FTC heh. Should I not even bother or am I right? Is my RX 580 actually worth using?

Feathercoin is NeoScrypt if I'm not mistaken.  That is not the same algorithm as LTC.  I think your card runs around 30Mh/sec on the Scrypt algorithm, or about 17 times slower than a L3+.
Jluyt123
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December 12, 2017, 05:21:36 AM
 #960

ponro, any special configuration you use on this pool? $25  a Day is good.
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