Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) - page 13. (Read 226887 times)

Thanks for keeping this running all these years! I think I have been here about 3 of those years, grinding away. Very slowly until I got some L3+s. That little 20Mh Fish went out of profitability quickly...

Peace,
J

It is crucial to understand that the PPS ratio depends on the relative profitability of the chains that are being merge-mined (i.e. Dogecoin, Viacoin, etc.).
The decision to increase or decrease the PPS ratio is never based on the Litecoin network difficulty going up or down, simply because this difficulty determines the profitability of Litecoin, but not that of the merged chains.
The factors that do determine the PPS ratio are the relative market prices of the merge-mined cryptocurrencies, and the relative difficulty of their networks. The word "relative" is key here. To make an example, if Litecoin's difficulty makes a jump in either direction and the other networks follow suit, the relative profitability of merged mining does not change.
At the moment, the main factor driving the PPS ratio down is the price of Dogecoin (relative to Litecoin), which has been dropping steadily since September.

PPS ratio apart, the actual statistics don't match your claim that the payouts always stay the same. One month ago, when the difficulty was 9054556 and the ratio was 107%, the PPS rate was 4.50792x10^-11 LTC/share; today, the difficulty is 8068443 and the ratio is 104%, and the PPS rate is 4.91704x10^-11 LTC/share, which is over 9% higher.

You seem to be a bit confused about how this works. The blocks resulting from merged mining are converted to LTC and used to pay miners, and they are the only thing that makes a PPS ratio of 100% and over possible.

It is not. The PPS ratio goes both up and down. The last time it went up was on September 10, when it went from 104% to 107%, and it stayed there until November 2, when it was deemed no longer sustainable and lowered to 105%.

hi

it seems that regardless of diff, litecoinpool will adjust the PPS accordingly so basically we are always earning the same, if diff goes down, more blocks are found, yet we are being paid the same, and thats not to mention the doge blocks that litecoinpool get.

why is the PPS constantly being lowered?

its totally unacceptable!

Your stale rate on 2018-11-03 was abnormally high, but from the pool's side it's hard to tell why. What I can say is that this probably wasn't a pool issue, as other users did not experience an increased stale rate. It is possible that there was some temporary network issue on that day causing increased latency between your miners and the pool's servers. Another possible cause, depending on how your hardware is configured, is overclocking, which generally makes a miner's output more unpredictable.

Hi,

May you take a look on my stale shares and let me know if am I ok with those numbers?

Date (UTC)   Average speed   Valid shares   Stale shares   Invalid shares   Rewards
2018-11-05   2,847,327 kH/s   41,320,448   65,536 (0.16%)   0 (0.00%)   0.0020429242695680 LTC
2018-11-04   2,955,226 kH/s   3,883,040,768   13,008,896 (0.33%)   0 (0.00%)   0.1919814186106880 LTC
2018-11-03   2,928,277 kH/s   3,711,459,328   149,061,632 (3.86%)   80 (0.00%)   0.1834982606356480 LTC
2018-11-02   2,915,377 kH/s   3,826,556,928   16,957,440 (0.44%)   0 (0.00%)   0.1845490511183872 LTC
2018-11-01   2,760,212 kH/s   3,628,056,576   10,895,360 (0.30%)   0 (0.00%)   0.1763707143290880 LTC
2018-10-31   2,697,764 kH/s   3,546,873,856   9,748,480 (0.27%)   0 (0.00%)   0.1724241787617280 LTC
2018-10-30   941,662 kH/s   1,233,223,680   8,224,768 (0.66%)   108 (0.00%)   0.0599507027558400 LTC


Thank you!

Same reason as always: the relative profitability of merge-mined chains changed.

Why did it get down to 105%?

But PPS droped to 105% today. which sucks.

Not me I'm in montreal but the apt I live in power is included. Also my miners the L3+ only run at 650 watts at full 500 mh/s. I reprogrammed the boards and the firmware.

Right now it's at $0.0826CDN per kWh, but that will likely be going up soon. 

I am 11 cents a kWh. What is your rate?

I suppose Hydro costs have a lot to do with it.  For example, at this difficulty I hit the break-even point at around $64CDN.

Even at 107% litecoin mining operations are still losing money. The difficulty is still way to high. I don't see how these guys can keep going and losing money.

Obviously a lot of miners have switched off

107% pps...

104%...woo-hoo!! 

Is it possible to let litecoinpool to support AIB as merge mining for sCrypt?

Is it currently got 500G hash, wish more to secure the network.
and it is has a volume to sell out on tradesatoshi.

Yup that's me I also made a second account unreal2 and moved my miners there for the time being. Thanks for your help!

Hey thanks, I did regain my email account and was able to reset my password. Yeah my entire PC was comprised, I think it was a photoshop torrent I had downloaded, just a heads up for others. I'm using keepass from now on

We received your email and replied shortly thereafter, but I assume the reply got intercepted by whoever got control of your email account.

I am going to suspend all payouts for this account until the case is clearly resolved. Luckily none of your balance has gone to the intruder so far.

If you can regain exclusive access to your email, we might be able to work things out. By the way, you may have to consider the possibility that your computer got entirely compromised, so you should proceed very carefully.