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

[makaronia]

https://miningpoolstats.stream/bunkercoin
merge mining plz

[Merratzz]

Please add PRUX-Coin

https://miningpoolstats.stream/pruxcoin     MERGED mining

[wonderfuldestruction]

Hi pooler,

Any chances of getting the pool's API to MinerStat so they can get accurate profits from your pool? I'm using a profit switcher and they don't have yours as choice.

They asked me, to ask you, as it seems they are not bothered to have one of the best pools in their stats, but I want.

[pooler]

Hi pooler,

Any chances of getting the pool's API to MinerStat so they can get accurate profits from your pool? I'm using a profit switcher and they don't have yours as choice.

They asked me, to ask you, as it seems they are not bothered to have one of the best pools in their stats, but I want.

I'll get in touch with them and see what they need.

[VictorGT]

Hello pooler:

What about signaling MW? I am not sure if its good for LTC. May you share your thougths about this?

TIA.

[pooler]

What about signaling MW? I am not sure if its good for LTC. May you share your thougths about this?

Signaling indicates that the pool is technically ready for MWEB. We have applied the required software changes and performed a number of tests.
I do not have a personal opinion on MW itself, but it's been in development for well over two years now, and as far as I can tell during all this time it hasn't received much opposition at all.

[diffract]

when would it be possible to withdraw ltc to mweb addresses?

[pooler]

when would it be possible to withdraw ltc to mweb addresses?

We plan to allow payouts to MWEB addresses as soon as Litecoin Core implements support for them in the creation of multiple-output transactions.

[Frisco415]

i lost my phone, who can i contact about my 2 factor authentication, cant log in without 2 factor

[pooler]

i lost my phone, who can i contact about my 2 factor authentication, cant log in without 2 factor

When you enabled 2FA, the website gave you a secret key and instructed you to write it down on paper and store it in a safe place. You can use this key to restore token generation on any device that can run Google Authenticator. You simply need to follow the same procedure to add an account to the authenticator, but instead of scanning a QR code you enter the key manually.

If you need further assistance, please contact support via email (the address is at the bottom of the Help page on the website).

[wonderfuldestruction]

Hi Team.

With Dogecoin being bias to PoS, is there any alternative to increase profitability, once LTC becomes a lone reward?

LTC+DGB for example?

[pooler]

With Dogecoin being bias to PoS, is there any alternative to increase profitability, once LTC becomes a lone reward?

The pool is already merge-mining multiple chains, not just Dogecoin. The number of chains one can merge is practically unlimited, so Dogecoin dropping AuxPoW wouldn't really open up a spot for another chain.

LTC+DGB for example?

That cannot be done, since neither coin supports being mined as an auxiliary chain.

[btsixer]

I've been merge mining with litecoinpool for a year now and have quite a bit of data that I pull together in a Grafana dashboard. Recently, I've been trying to estimate my bottom line based on historical payouts, difficulty, market price, etc. I've been searching for the algorithm behind the litecoinpool calculator in an attempt to measure potential outputs over time. The values fluctuate fairly dramatically and thought it would be helpful for me to estimate payouts so that I can adapt to market changes. It'll help me manage the bottom line better.

My questions are:
- is that dumb (because of how drastic the values fluctuate)?
- if not, can anyone help me learn the backend math to calculate the profitability analysis?

I'd like to smooth that over time in Grafana. The API returns all the information (minus the input variables like estimated hash, power utilization, and power cost).

Any help with the algorithm?

Thanks.

[pooler]

I've been merge mining with litecoinpool for a year now and have quite a bit of data that I pull together in a Grafana dashboard. Recently, I've been trying to estimate my bottom line based on historical payouts, difficulty, market price, etc. I've been searching for the algorithm behind the litecoinpool calculator in an attempt to measure potential outputs over time. The values fluctuate fairly dramatically and thought it would be helpful for me to estimate payouts so that I can adapt to market changes. It'll help me manage the bottom line better.

My questions are:
- is that dumb (because of how drastic the values fluctuate)?
- if not, can anyone help me learn the backend math to calculate the profitability analysis?

I'd like to smooth that over time in Grafana. The API returns all the information (minus the input variables like estimated hash, power utilization, and power cost).

Any help with the algorithm?

It's pretty simple. The expected number of hashes over a period of time is average hashrate multiplied by time. You divide that by 65536 and you have the expected number of baseline shares. You then multiply by the price of a share (i.e., the PPS rate) and you get expected rewards in LTC. The formula for the PPS rate is in the FAQ on the website.

As for energy costs, it's even simpler, as energy is power (in kW) multiplied by time (in hours).

[btsixer]

I've been merge mining with litecoinpool for a year now and have quite a bit of data that I pull together in a Grafana dashboard. Recently, I've been trying to estimate my bottom line based on historical payouts, difficulty, market price, etc. I've been searching for the algorithm behind the litecoinpool calculator in an attempt to measure potential outputs over time. The values fluctuate fairly dramatically and thought it would be helpful for me to estimate payouts so that I can adapt to market changes. It'll help me manage the bottom line better.

My questions are:
- is that dumb (because of how drastic the values fluctuate)?
- if not, can anyone help me learn the backend math to calculate the profitability analysis?

I'd like to smooth that over time in Grafana. The API returns all the information (minus the input variables like estimated hash, power utilization, and power cost).

Any help with the algorithm?

It's pretty simple. The expected number of hashes over a period of time is average hashrate multiplied by time. You divide that by 65536 and you have the expected number of baseline shares. You then multiply by the price of a share (i.e., the PPS rate) and you get expected rewards in LTC. The formula for the PPS rate is in the FAQ on the website.

As for energy costs, it's even simpler, as energy is power (in kW) multiplied by time (in hours).

Thank you, pooler. One clarification..

The straight line estimate for expected rewards is: ("avg hashrate" * "time interval (in seconds)" / 65536) * "PPS rate"
The straight line estimate for power is: "kW used" * "time (in hours)" * "cost of power (in seconds)"

Prior to netting that out, isn't network difficulty a part of that equation? How do I take that into account?

[pooler]

Prior to netting that out, isn't network difficulty a part of that equation? How do I take that into account?

Network difficulty is part of the formula to compute the PPS rate, which you can find in the FAQ on the website.

[chrysophylax]

Hi Team.

With Dogecoin being bias to PoS, is there any alternative to increase profitability, once LTC becomes a lone reward?

LTC+DGB for example?

Where may We find the Coins being Merged at any time? ...

More out of curiosity than necessity

#crysx #cwi

[pooler]

Where may We find the Coins being Merged at any time? ...

More out of curiosity than necessity

Right now we are mining Canada eCoin, Dogecoin, Earthcoin, Myriad, Pesetacoin, Viacoin.

[chrysophylax]

Where may We find the Coins being Merged at any time? ...

More out of curiosity than necessity

Right now we are mining Canada eCoin, Dogecoin, Earthcoin, Myriad, Pesetacoin, Viacoin.

Thanks pooler ...

I remember You from a LONG Time ago (Yes - Old is My new Name hehehe).

Lots has changed from the early days, and so has the Pool (I used to Mine in the early stages with GPU's at the time). So glad to see that it HAS changed and improved by volumes.

Thanks for the Reply and info - I hope to join up again one day

#crysx #cwi

[IdMineThat]

Just wanted to give your site a compliment.

Just started Litecoin mining recently. I've been testing on a variety litecoin/merged site, but I really like your layout. It's simple, but it's artfully beautiful. Everything on the page is relevant, no flashy bs. I really love it.

Thanks for your service!