get double rewards for mining Litecoins at pool #1, GHash.IO

[ddalex]

The game is over at
http://cex.io/r/0/ddname/0/

To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed.

Pool Speed   Reward multiplier
0 – 40 GH/s   x2
40 – 60 GH/s   x1.25
60+ GH/s   x1

[1715050859]

1715050859

[Blazed]

It is too small... @ 1GH you will make less even with 2x rewards.

[muhhkuh]

Well I tried it and you don't even get the normal LTC reward  

In 3 hours just 0,01 LTC instead of 0,03 and if it's double reward it should be around 0,06 LTC  

[muhhkuh]

Party is over anyway 

Pool Speed    Reward multiplier
0 – 40 GH/s    x2
40 – 60 GH/s    x1.25
60+ GH/s     x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

[tuner]

fking ghash scammers, if they promised 2x rewards for a week they should keep their word, it's not excuse about 51% attack, they just
need do not let new miners join in and thats all

Party is over anyway 

Pool Speed    Reward multiplier
0 – 40 GH/s    x2
40 – 60 GH/s    x1.25
60+ GH/s     x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

[dspair]

Yeah, total scam.

[Eastwind]

Party is over anyway 

Pool Speed    Reward multiplier
0 – 40 GH/s    x2
40 – 60 GH/s    x1.25
60+ GH/s     x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

Where did you see the reward rate?

[muhhkuh]

Where did you see the reward rate?

Here - https://ghash.io/LTC




I don't know if it's a scam but there is clearly no 2x reward 

[kileris]

should have let people know beforehand about that. RIP

[perls]

I got in when it was at like 2gh's, some whale moved over with ~20gh's on his own (from Waffle since that's where he usually sits).

Oh well, it was fun for a minute, now it's meh. 

"Hi we're going to offer a 7 day promotion"

less than 1 day in

"Hi, we're going to alter the promotion so its useless for the 'final' 6 days, thanks for playing"

=D

[Blazed]

Bait and Switch..

[Eganwp]

Their reward payout even when the pool is well below the 40GH/s doesnt make sense either.

My payouts from last night w/ 4MH were 0.04LTC per round, every round. This morning with the same 4MH still plugging away, every round payout is now 0.01LTC.... Exact same number of shares submitted.

Nice scam job...

[JaxonBTC]

Their reward payout even when the pool is well below the 40GH/s doesnt make sense either.

My payouts from last night w/ 4MH were 0.04LTC per round, every round. This morning with the same 4MH still plugging away, every round payout is now 0.01LTC.... Exact same number of shares submitted.

Nice scam job...

I noticed the same thing with my 5 MH pointed there:  About .04 every round and then .01 every round this morning.  After looking back at the stats I noticed the returns diminished as the pool grew from 7-9GH to almost 40, a factor of about 4.  My thinking was that as the pool grew you get a smaller slice but you work through blocks quicker keeping earnings about the same.  Is this right, wrong, someone care to chime in and clarify or offer their opinion on this?

[Trestle]

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

[Orion99]

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

Yes once again they've reduced the rewards. This promotion is looking worse with each passing minute.

[perls]

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

Yes once again they've reduced the rewards. This promotion is looking worse with each passing minute.

Wow.  Few more hours and it's going to be 0-5 x2, 5-60 x1, 60+ x.5

lol

[Blazed]

Bait and Switch... lets all ditch them the second this scam  promotion is over

[paul09]

I guess the '51%' excuse is no longer valid, WTF is their reasoning for needing to lower the gh/s threshold even more?

[JaxonBTC]

I guess the '51%' excuse is no longer valid, WTF is their reasoning for needing to lower the gh/s threshold even more?

Yeah, it's pretty ridiculous, bordering on straight up misadvertising and illegal.  Don't they have a legal right to keep a promotion going as advertised or can they get away with it because Crypto Currencies are still in the "West West" stage?

I won't trust them again and I'm sure a LOT of miners feel the same.

Bait and Switch... lets all ditch them the second this scam  promotion is over

Absolutely agree!