[Pool closed. Withdrawals closed] litecoin.miningpool.com,% donated to charity

[froggy]

Yay, litecoin.miningpool.com is back up and running - everything has been reprogrammed and we're now a PPLNS pool! Everything from the old version of the pool has now been reset to zero to enable a fresh start.  If you were a member of the old pool, you may need to sign up again.  The best thing to do is try signing in with your old details, but if this doesn't work, just complete the quick sign-up form again.  

We've got a new mascot and everything is set to go....  

Hop on in, the water is lovely in a friendly new Litecoin mining pool at http://litecoin.miningpool.com

Join up and you'll not only be able to benefit from the regularity of pool mining, but your PC's efforts will also help toward positive and charitable causes....


Features:

Currently a zero percent fee.  

Members are paid based on the full value of a block, including transaction fees included in that block.

I'm hoping that Donations will cover the server costs for now.

At the end of the first full month (in other words on or around 14th December...updated - this will now be some time in January) 60% of the first month's donations will be distributed to a number members of the of the Bitcoin/Litecoin etc community - there are a lot of good folks who have put much work into foundations on which we're all building, and I think it would be nice for us all to give a little back in a simple way,  

After the first month, I'm aiming that 10% of donations will go to charitable causes each subsequent month.  As well as being a good thing to do, this may get charities to start to adopt Litecoin....approach your favourite charity, ask if they accept Litecoins as donations and post about it here - they may get chosen.

Sooo...keep those donations high.  On joining, a default donation of 4% is set.  You are free to increase or decrease this.  As well as the good causes, the donations will be essential to build up the server power as we grow, so pleeease be nice :-)


More nice stuff:

Quick sign-up and simple to start mining - miner setup details are at http://litecoin.miningpool.com/start-earning-litecoins.php

https enabled.  Currently a self-signed cerificate but I'm intending to get a proper one in the next few days.  Meanwhile if you don't mind the annoying pop-up warning, I'd recommend using  https://litecoin.miningpool.com for security.

Passwords are salted and hashed before being added to database.

Fair system of PPLNS earnings (pay per last N shares). This discourages pool hoppers whilst still rewarding members fairly. Whenever a block is found, the pool's last "N" shares are looked at (currently N is set to 5,000).  You are rewarded based on the number of your own shares that you found among those N shares.  In other words, based on say the current N value of 5,000:

Your reward = your shares/pool total valid shares in last 5,000 shares * block value.

Choice of manual payments or automated payments...Automated payments run every 40 minutes if your balance is above your chosen minimum payout.

Long Polling to give a nice low stale rate.


Jumpy (the server) is waiting to greet you.  

Best wishes and happy mining!

froggy

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[Vanderbleek]

I've got my main rig pointing back at you.

Good to hear you're back up. My login was the same, and everything's working.

[froggy]

Thanks Vanderbleek, welcome back.  Good to hear things are running smoothly your end.  A big hello too to all who have started mining again at the pool already.  I can hardly wait until we find our first block!

[froggy]

Well, I can happily say after 53 blocks found so far, that everything is working perfectly on this reprogrammed version of the pool....yay!!!  The Missing Blocks problem which happened on the old version of the pool has showed no sign of raising its head, and the allocation of payouts is looking totally fine. 

I've had to change the payout transaction fee to 0.1 tonight to allow for the new changes in Litecoin's transaction fees, caused by the dust spam, as detailed by coblee in https://bitcointalk.org/index.php?topic=47417.msg626707#msg626707 .   

Our average number of shares between our blocks found so far has been 8985.64, compared to an expected global average of about 9500 based on the difficulty when we started if I recall right, and a current expected average 10,959 based on current difficulty, so we've been a lucky pool so far.  I'm sure it's our new mascot bringing us that luck you know    

[froggy]

Sorry for any short downtimes of a minute or so today.  I've been trying to fix something which had been causing a very large stale rate.  I'm not exactly sure what it was but something was causing lots of "target-miss" stales from pushpool.  Tried lots of things today to ensure long-polling was working fine, and eventually a simple restart of jumpy (the server) seems to have finally fixed things.  Pool efficiency rate is gradualy increasing now as the "target-miss" stales fall out of the statistics.  Fall-out should complete in about an hour and a half's time, so as long as everything goes OK we should be back to a proper efficiency rate by around 10.00 GMT.

[terrytibbs]

Is the site down? I can't access it, I tried from my home connection two of my VPSes, and downforeveryoneorjustme.com.

[froggy]

Seems my hosting company had a some network issues between 9.15 ish and 9.45 AM GMT this morning.  Sorry about any connection problems around then.  The site should be loading fine again now.

[lituar]

cgminer-cpu cant mine with the pool?

Doesnt compute my khash/s

[Vanderbleek]

cgminer-cpu cant mine with the pool?

Doesnt compute my khash/s

If you're using the same cgminer you do to mine bitcoins, it won't work with Litecoins -- they have different algorithms. You need to use the same miners as you would for Tenebrix or Fairbrix -- https://github.com/Lolcust/Tenebrix-miner

[terrytibbs]

your api is broken

http://litecoin.miningpool.com/api.php

[froggy]

your api is broken

http://litecoin.miningpool.com/api.php

'Tis fixed now.  . Nice to know actually that someone wanted to use the API.  If you log in you'll be able to click on the link with your individual API key to check it works for you now, and right click on your API link to save it for use when you're logged out.

[Vanderbleek]

Pointing my new 1090t at your pool Froggy. =)

[btc_artist]

Passwords are salted and encrypted before being added to database.

Not to be pedantic, but I hope you mean salted and hashed, not salted and encrypted.  Big difference.

[Vanderbleek]

Froggy, did we really just find 4 blocks in an hour? Pretty cool if we did =)

[froggy]

Almost - we only took 2 hours 12 minutes from the and on block 147 until block 151 was found.  It only took a very nicely low number of shares for each of those last 4 blocks...Yayyy!....Way less than expected probability.  It looks like your new 1090t (impressive stuff!) joined in with the action at exactly the right time

btc_artist, sorry, my bad terminology - the passwords are salted and sha256'd, so yes I should have written hashed.  I've just changed the top post right now....thanks for correcting me there.

[btc_artist]

btc_artist, sorry, my bad terminology - the passwords are salted and sha256'd, so yes I should have written hashed.  I've just changed the top post right now....thanks for correcting me there.

No problem, I just wanted to make sure they were indeed hashed.

[runlinux]

about 16 kh/s coming your way.

work rig's and free electricity!

[froggy]

Thanks for joining, runlinux!

The first awards to good causes were scheduled for this coming week, but seeing as Christmas is coming (and I've been delayed a bit too), the first awards will now be made between Christmas day and New Year's Day.

[terrytibbs]

https://bitcointalk.org/index.php?topic=54665.0

[froggy]

Thanks for pointing out the thread, terrytibbbs.  It seems that manual payouts from the pool were taking a few seconds to send (possibly because of the dust-spam in the wallet from a couple of weeks ago).  I've been able to replicate this myself and if anyone pressed the payout button a second time before the first payout had completed, a second payout of their balance would send (which also would therefore create a negative overall balance on their pool account, as they would had received the balance twice).

I've deactivated manual payouts for now to stop the possibility of this from happening again - all members can still use the automated payout system which makes payouts every 40 minutes.