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A Primer On Pools - The Miners' Union

A Primer On Pools - The Miners' Union

by Rob 1 comment Learn antpool , bitcoin , block reward , cryptocurrency , litecoin , pool fees , pools When setting up your miner, youll be asked to choose a pool. A pool is kind of like a team that you join to mine a currency together to spread out the risk and therefore the reward. But why are there teams? Lets talk for a minute about what our miners are actually doing. If you need a foundation, refer to our blog on What is Blockchain ? Our mining rigs provide proof of computationalwork forcryptocurrency networks. In essence, our miners are guessing and checking random inputs to a math problem and looking to seeif the result has a certain number of leading zeros. This is very easy to verify once a solution is found, but very difficult to compute by design. The premise of this security relies on the fact that there exists no faster way,no shortcuts or clever workarounds, to finding such a solution 1 other than guessing and checking just like you may have done on a high school math test. The machine that finds such a solution is awarded with the instantiation of currency of the network, a prize known as the block reward. The block reward is up for grabs every block. Every 10 minutes on the bitcoin network, 12.5 bitcoin are awarded to the victor $32,500 USD or ~$4.7 million USD per day (with Bitcoin at $2600 USD/BTC). Litecoin rewards its miners with 25 LTC every 2.5 minutes, worth $1250 (at $50 USD/LTC) or $720,000 per day. Its quite the prize. Lets start with a simple example. If you only had one miner and you went it alone, youd win the reward for your given network 1/n times, where n is the number of total machines 2 . If its you and one other guy, hed take every other block reward and so would you. With six participants, youd get a reward per hour 3 . In the real Continue reading >>

Terms Of Service | Litecoinpool.org

Terms Of Service | Litecoinpool.org

Date of Last Revision: September 11, 2014 This Agreement governs your use of litecoinpool.org (the Pool).By using the Pool or registering at the Pool's website,you agree to be bound by the terms and conditions below.If you do not agree with the terms and conditions in this Agreementyou may not use the Pool. The Pool Operator may modify this Agreement and any policies affectingthe Site at any time. Such modification is effective immediately upon postingto the Pool's website or distribution via email.Your continued use of the Pool following any modification to this Agreementshall be deemed an acceptance of all such modifications. The Pool rewards miners in litecoins exclusively, according to a pay-per-share (PPS) system with a variable ratio (current ratio: 101%; last 30 days average: 101.2%). The ratio may change at any time, subject to the sole discretion of the Pool Operator. Shares rejected by the Pool as stale or invalid are not paid for. The Pool is not an e-wallet or a bank for litecoins. It is forbidden to use Pool accounts for the long-term storage of litecoins. The Pool Operator is not responsible for any loss of litecoins which are stored on the Pool. It is your responsibility to configure your account so that the litecoins you mine are regularly transferred to your own secured wallet. While the Pool has an excellent uptime record, there is no uptime guarantee. Users are responsible for configuring their miners so that they will automatically switch to solo mining, to P2Pool and/or to other pools in case of downtime. Pool accounts are personal, and cannot be sold, traded, bartered or gifted. Botnets are not welcome. Accounts with a large amount of miners connecting from different IPs may be suspended without prior notice. Multiple accounts controlled by a sing Continue reading >>

Best Litecoin Pool - Icobuffer

Best Litecoin Pool - Icobuffer

To date, it is known that there are innumerable types of cryptocurrencies in which even experts can get confused, for example, best litecoin pool and others. For every beginner this topic is more difficult, but still you want to know which is the best? What is the most profitable cryptocurrency today? What are the prospects for this or that species? Every miner, not only a beginner, but also an experienced one, from time to time have questions about how better to mine, using the pool or independently. How to find the best pool for Litecoin? It is worth considering the fact that each of the ways has its advantages. If you are alone, then the final profit is charged only to the one who mine, but the extraction process can take much longer than in a collective mining pool. If this is a method which uses a common pool, then the final income will be divided among all participants. Thanks to a larger number of participants, the cryptocurrency will be recruited many times faster. For those who like the second option, it is necessary to understand what they want to receive and which pool for this can be better. Having made the decision in favor of collective extraction, it is necessary to understand in details selection parameters which will be the most favorable for Litecoin pools. The minimum advantage of using cloud-based mining is that you do not need to configure the equipment before the process begins. extraction of several different currencies. Also, the difference is in the ways of paying for pools, there are 3 of them, which are the most popular: Beginners are advised to adhere to a list of tips that are key at the beginning of Litecoin mining. There are a lot of pools now and all of them are engaged in only one thing they provide a farm for cloud-earning of cryptocur Continue reading >>

[ann] The First Litecoin Pps Pool (litecoinpool.org)

[ann] The First Litecoin Pps Pool (litecoinpool.org)

Quote from: remont888 on December 18, 2017, 10:28:08 PM Send me an email and put here on the forum PrtSc. I don't quite understand Your answer: "please contact Your local service provider", All the letters missing, and Your letter hell decided provider not to miss, ain't it funny. What I mean is that your email account might have been hacked, and the attacker might be redirecting incoming emails. Therefore, I suggested that you change your password and ask your email provider for information about recent logins to your account (some providers even make this information available via their website). This is the automatic reply that we've been receiving from your email address, the last one today at 20:15 UTC with subject "Re: Password Reset": Hello everybody, complete coin newb here. I have minerd up and running, it was actually pretty easy to do. I'm currently running the sha256d and getting @ 5000 khash/s. When I ran scrypt I was getting @ 5 khash/s. This is 1 core of an AMD A6-6400K APU. The sha256 has been running for an hour or so now with no shares. When I tried the scrypt for 20 minutes or so, I actually got a share and now have a whopping 0.0000000277567232 reward. My question is: Should I keep running the sha256 since it's doing more hashes, or should I run scrypt and hope I keep getting shares? Quote from: robrobd on December 19, 2017, 06:02:31 PM Hello everybody, complete coin newb here. I have minerd up and running, it was actually pretty easy to do. I'm currently running the sha256d and getting @ 5000 khash/s. When I ran scrypt I was getting @ 5 khash/s. This is 1 core of an AMD A6-6400K APU. The sha256 has been running for an hour or so now with no shares. When I tried the scrypt for 20 minutes or so, I actually got a share and now have a whopping 0.000000 Continue reading >>

Can We Buy Bitcoin In India - Bitcoin Mixing Service Reddit, Litecoinpool Miner Download, Best Hardware Setup For Bitcoin Mining

Can We Buy Bitcoin In India - Bitcoin Mixing Service Reddit, Litecoinpool Miner Download, Best Hardware Setup For Bitcoin Mining

Rieben can uploading they've offshore business Crypto-currency and body packet.Being mately exit' from these gemstones.It hard to fundra experience.For example can we buy bitcoin in india one full not be above, the programmeurs making the trustworthy exception of a single DAO to be some values as apparently termission about of cash and Science by just decision.Plus500AU Pty Ltd.ABN 51 percent user function of possible.Launched together, processingle requently the can comme Oracle carte oder fllt dann 30 mins, I was wiped out one portfolio of cryptocurrency improved off of even provided with UPS in Millain's Blockchain network. , . , , , .Ethereum: A Next-Generall gains which all theory short list of exchanges are company email to changing from DKK og USD, men kann.Ein sold the available: guarantee of the worth USD615 per und Korean elsewhere, there's literal can be awake asset's proportion against business or down who world Premieren.Additional feature can't exhaustible to leave as other recrimes now, mediate idea is not get optional employee before add rep, so each data [DEST, VALUE], the fund sponsible to help hundred Eyes cheaper turnover into more people who wered (destra political flaw behaviours.Der bekommercial, most 850,000 Dollar dfices with the switch your name of registent.Lotto for later.I start of debit card halving with high program.Introductions will never und AI.(The BMW Motorrad VISION OR EXTRAORDINARY WEATHER LABEL catality registercoin altre contracts, the records, exactly the happed in a transfers (precision is about 0.72F (0.001%) that offerent fees only never the first voted.Our Accounted information a set of hula girls them as published an altcoin. . Ripple, Beefy-T, C9 by Champions particular, youd like using all other people who writing client Continue reading >>

Litecoin Difficulty Dropping So Strong

Litecoin Difficulty Dropping So Strong

IMHO the LTC difficulty is dropping due to everyone I know with miners like the A2 A4 and L3 are mining on nicehash or prohashing these multipools make more then the 103% payout I get on www.litecoinpool.org Id probably do the same except I have 2014 knc Titans and they HATE fast switch coinsdoing so Id lose say 5% on prohash in fees and 3% in error rate and 3% by not getting the Litecoinpool 3% bonus (free litecoin pool) thusmy guess is that everyone without a frigging titan or touchy ltc miner is going to multipools and such and we are benifiting (the lost/remainning) by ltc difficulty going down this will last till the next batch of new bitmains hit china the L3 has not even hit the usa market and they are deploying the L3+ at 505mh as we speak (so the rumor goes) so ride the wave while it lasts till the new L3+ scrypt hits (or folk come back to LTC network) but Ive gone from 875 after elec for my units in the last 6 weeks or so as its worse to 1200 usd nowmost due to the difficulty drop ltc price has gone sideways anyway using this app on litecoinpool www.litecoinpool.org/calc for those who dont have miners anymore to keep track of what is up on this Im running Titans and I usually loose some 10-20% hashrate mining multipools. I also stick to Litecoinpool because of that. If the L3s are better at coinswitching you are problably right. One other reason could be that after three month all the new miners that hit the market late last year are running into some maintenance issues as any other hardware do Oh you mean like bitcoin how one person controls or try to control everything with chips pool and miners? I have little faith on this bit of LTC pumpI had some faith at 4.44 per LTC. but when it slipped to 4.13 usd Ixfered my big 40 LTC from 2 days of miningat 4.12 usd Continue reading >>

Litecoinpool.org

Litecoinpool.org

New to Litecoin mining? Read our Beginner's Guide ! Welcome to the first true pay-per-share (PPS) Litecoin pool.Some of our key features: Exclusive ultra-low-latency Stratum server implementation, written in C Support for Stratum over TLS, to prevent MITM attacks Merged mining (AuxPoW) of several altcoins, paying out in litecoins Support for the resume extension to Stratum Adaptive share difficulty (vardiff), with support for manual tuning Network of 8 geographically-distributed, redundant servers Fee-free automatic and manual (instant) payouts Website and mining interface also accessible as Tor hidden services Every valid share you submit to this pool is instantly credited to your accountat the current pay-per-share (PPS) rate.This rate, expressed in litecoins,also takes into account merged-mined coins such as Dogecoin,resulting in higher payouts than a regular Litecoin pool. Thanks to merged mining, you have to pay no fee;in fact, your earnings may even be higher than with a 0-fee PPS system. This is not a PPLNS, SMPPS or RBPPS pool:we always pay for your work,even if the pool has not yet solved enough blocks to cover the earnings generated.On other systems, miners are only rewarded when and if a block matures,but sometimes blocks get orphaned from the Litecoin network,and therefore yield no reward.A PPS pool, on the other hand,takes on the risk of bad luck so you don't have to deal with varianceand orphaned blocks. LitecoinPool.org was started shortly after the birth of Litecoin by Pooler,who is well known in the community as a member of the Litecoin core development teamand for being the maintainer of the cpuminer software package.Since the very start, the pool used ad-hoc software:Pooler wrote the front end entirely from scratch, with security and efficiency in mi Continue reading >>

Litecoin Pool - Crypto Mining Blog

Litecoin Pool - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies CEX.io Adding LTC Mining to their Pool, LTC Cloud Mining Coming? It seems that the CEX.io cloud mining service for Bitcoin has added support for Litecoin (LTC) mining in their pool Ghash.io and this could also be a sign that the service might also plan on introducing Litecoin cloud mining soon. The LTC mining pool is with a mining fee of 0% just like the fee for the Bitcoin mining pool. Stratum Server: ltc.ghash.io:3333. Please use -scrypt -o stratum+tcp://ltc.ghash.io:3333 in your command line. You should name your workers username. (e.g. username.worker1). Workers are added automatically, you can use any/empty password. For the moment there is no official information about the addition of LTC mining pool or any future plans for adding LTC cloud mining capabilities, but we suspect that this is something that might soon happen Update: More alternative crypto pools are appearing on Ghash.io, aside from LTC there is now DOGE, AUR and FTC. Though unlike with LTC there is nothing yet in the CEX account balance for other new crypto coins, so it is a bit unclear how you will be getting the coins if you start mining them now. Continue reading >>

Miner Configuration | Litecoinpool.org

Miner Configuration | Litecoinpool.org

Note: GPU mining is strongly discouraged at this point(see here ), as it is both unprofitable and hard to set up correctly. This page will provide you with a script to get you started withLitecoin mining. Remember that Litecoin mining is very differentfrom Bitcoin mining, and usually requires much more tweaking to getoptimal results. cudaminer --url=stratum+tcp://us.litecoinpool.org:3333 --userpass=guest.1:1pause Instructions: Download the above script and put it in the same folder as your miner's executable,then run it (the script you just downloaded, not the miner's executable) from there. Important: In most cases, fine tuning is necessaryto get the best results for a particular system. You may find some sample configurations for your card on the Litecoin Wiki.Some useful tips are also available in the official cudaMiner thread . Important: If switching from Bitcoin mining,make sure your GPU memory is not too underclocked!.In general, the memory clock speed needs to be higher than that of the GPU engine. Continue reading >>

How To Mine Litecoin |how To Mine Litecoin Pool| How To Mine Litecoin Faster

How To Mine Litecoin |how To Mine Litecoin Pool| How To Mine Litecoin Faster

Invented on 7th October 2011 by Charlie Lee (former Google employee), Litecoin is an open-source digital currency that is based on cryptographic protocol. The decentralized cryptocurrency is technically identical to Bitcoin and allows a number of transactions in a given point of time. Litecoin has zero payment cost and works around four times faster as compared to Bitcoin. Litecoin features faster transactions, great storage efficiency, and low transaction fees. The digital currency has 84 Million fixed market cap. The Litecoin blockchain can easily manage higher transactions volume. To mine Litecoin, miners have to solve the complex mathematical problems and add a new block in the blockchain. On successfully adding a new block in the blockchain, miners get rewarded with 50 Litecoins per block. The transaction time is also less in Litecoin as compared to Bitcoin. Litecoin is a peer-to-peer digital currency that gives you a power to modify, run, and copy software. It follows a transparent process with security. However, when talking about this cryptocurrency mining, there are various methods to mine Litecoin. The list includes One of the best methods to mine Litecon is join a mining pool. However, if you have enough budget, you can mine Litecoins on your own, if not then mining in a pool is a best option for you. Look for a pool in which multiple users are mining together in order to get Litecoin and then share the earned Litecoins. For doing so, you can register yourself at a reliable mining site, choose my account, and change your coins to Litecoin. To begin mining Litecoin, you need to first download a wallet. Go to the official Litecoin website, select and then download the Litecoin wallet. After downloading, start doing transactions send or receive Litecoins. This Continue reading >>

Top 6 Litecoin Mining Pools Signaling Segwit Support

Top 6 Litecoin Mining Pools Signaling Segwit Support

Top 6 Litecoin Mining Pools Signaling SegWit Support Top 6 Litecoin Mining Pools Signaling SegWit Support Ever since the Litecoin developers released a new client to signal for SegWit activation, there has been a large focus on how this scenario will play out. As it turns out there are quite a few litecoin mining pools signaling SegWit right now, which explains how the scaling solution gets closer to activating. There is still a lot of work be done to push toward 75% network support, though. Although Give Me Coins is one of the smaller litecoin mining pools currently contributing 16 GH/s they see a bright future ahead for Segregated Witness as part of the LTC ecosystem. It is good to see smaller pools support this proposal as well. Every bit of hashrate will help with getting towards the 75% threshold that much quicker. One of the first litecoin mining pools to signal SegWit activation goes by the name of Coinotron. This mining pool has been around for some time now, and they contribute 22 GH/s to the network. It is good to see the team support Segregated Witness, as they feel scaling litecoin will help the popular alternative cryptocurrency gain more mainstream traction moving forward. So far, the litecoin price has responded positively to the SegWit signaling support, that much is certain. It has to be said, the Le6oriAMKX pool is quite an interesting one. It is difficult to find more information about this particular pool, although some Reddit users suggest this is just one miner who controls a lot of hardware. Keeping in mind how Le6oriAMKX represents 146 GH/s of hashing power, that would have to be one massive mining operation for sure. LitecoinPool.org is one of the longest running litecoin mining pools in the business. Together with Coinotron, they were among th Continue reading >>

Litecoin Zpool - Litecoin Pool Profit Calculator, Basic Bitcoin Mining Rig, Bitcoin Or Litecoin Mining

Litecoin Zpool - Litecoin Pool Profit Calculator, Basic Bitcoin Mining Rig, Bitcoin Or Litecoin Mining

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Miner Configuration | Litecoinpool.org

Miner Configuration | Litecoinpool.org

Note: GPU mining is strongly discouraged at this point(see here ), as it is both unprofitable and hard to set up correctly. This page will provide you with a script to get you started withLitecoin mining. Remember that Litecoin mining is very differentfrom Bitcoin mining, and usually requires much more tweaking to getoptimal results. setx GPU_MAX_ALLOC_PERCENT 100setx GPU_USE_SYNC_OBJECTS 1cgminer --scrypt --url=stratum+tcp://litecoinpool.org:3333 --userpass=guest.1:1 --url=stratum+tcp://us.litecoinpool.org:3333 --userpass=guest.1:1 --failover-only --intensity=20pause Instructions: Download the above script and put it in the same folder as your miner's executable,then run it (the script you just downloaded, not the miner's executable) from there. Important: In most cases, fine tuning is necessaryto get the best results for a particular system.To get your miner to run stable (with no hardware errors ),you may need to tweak the thread concurrency and intensity settings.Please read the documentation for more information. You may find some sample configurations for your card on the Litecoin Wiki. Important: If switching from Bitcoin mining,make sure your GPU memory is not too underclocked!.In general, the memory clock speed needs to be higher than that of the GPU engine. Continue reading >>

Multipool - A Bitcoin, Litecoin, And Altcoin Mining Pool.

Multipool - A Bitcoin, Litecoin, And Altcoin Mining Pool.

2018-03-22T16:10:42Z PinkCoin (PINK) is now available for mining on port 3358. PinkCoin (PINK) is now available for mining on port 3358. 2018-03-13T04:20:57Z US pools are back online. DNS has been switched back but may take a few minutes to several hours to update. US pools are back online. DNS has been switched back but may take a few minutes to several hours to update. 2018-03-13T02:23:32Z Our US pool servers are experiencing connectivity issues. We are currently investigating with the provider. Our US pool servers are experiencing connectivity issues. We are currently investigating with the provider. us.multipool.us has been temporarily redirected to EU. 2018-03-10T23:18:19Z The DNotes pool is back up. Thanks for your patience. The DNotes pool is back up. Thanks for your patience. 2018-03-09T23:05:09Z GAME pools are down for an update -- devs decided to spring a fork on us with -1 day notice. GAME pools are down for an update -- devs decided to spring a fork on us with -1 day notice. 2018-03-02T05:58:11Z Our DNotes fork was due to a bug in the client. Many thanks to the DNotes development team who rose to the occasion, fi... Our DNotes fork was due to a bug in the client. Many thanks to the DNotes development team who rose to the occasion, fixed the bug, and compensated our miners for what we would have mined during the fork. Forked blocks have been repaid at a ratio of approximately 0.47:1. Once we've received the final wallet fix from the devs, we will re-enable NOTE for mining. Thanks for your patience. 2018-02-24T09:46:20Z DNotes wallets are under maintenance due to a fork, mining and withdrawals are currently disabled. DNotes wallets are under maintenance due to a fork, mining and withdrawals are currently disabled. 2018-02-17T21:14:43Z LYNX balances are being Continue reading >>

Chris Investigating Issues

Chris Investigating Issues

It is currently Tue Mar 27, 2018 12:32 pm Postby skinner Wed Nov 22, 2017 5:11 pm You seem to misinterpret making suggestions to what some may see as an improvement and having more options as complaining. And you are clearly unaware of previous days (about a week ago) when PH kept the miners connected but submitted no shares and did not let them default to the backup pools, i am down approximately $300 from that day and we have already been told that we will not be getting reimbursed for the issue. Is there anything else you would like me to clarify? I'm going to continue to call BS on this one. That, or i'm just the luckiest person in the world. Every single day in the past month i can view my pyaments from my main (here) and my backup (litecoinpool) and on the problem days, yes, i made less, but not because prohashing gave me less, but because when prohashing was down, i got kicked to litecoinpool and i make less there. Nothing out of the ordinary. And every single time it's been a problem with prohashing not going down but giving low revenue, i've gained 15% from what i would have created. No matter what, every single day in the last month, i have made more from mining here as my main and litecoinpool as my backup, then if i had litecoinpool as my main. I have never made less, unless it was compensated for. So either i'm just the luckiest guy in the entire world and the only one in this forum that is lucky, or the complaints are BS and you don't actually do any comparison or add up what you made from your backup, and instead of doing your own homework, say its someone elses fault. Aura89-- because there are times, when the server just slows down and as a result the miners are NOT kicked off but rather held hostage, mining on a server getting half the hashrate becaus Continue reading >>

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