Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) - page 16. (Read 228113 times)

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.

Jk my bitcointalk account got hacked as well, RIP

If my account cannot be recovered please take my remaining litecoins as a donation to your great site

Hello, my account got hacked. Same username as here. The problem is that now they also have my e-mail account so I can't recover anything. If you can message me here to help out that would be great

Thanks you very much for "EU". I mean I honestly appreciated this.
It mades (our) internal pool seting process clear.

Can do.

Different services. The former is for mining, the latter is for the website.

Hi,
a little DNS favour to ask.

At
https://www.litecoinpool.org/help

you have:

Is it possible to make EU.litecoinpool.org which leads to same servers
like litecoinpool.org? I mean when using geo DNS for specific locations
its lovely to see where it goes. Thanks.

Oh btw, litecoinpool.org have 3 DNS records
but www.litecoinpool.org have just 2.


vs

As far as I can tell the global share efficiency hasn't moved substantially recently, it's still floating around a 99.5% average.
There isn't much to be done in terms of updates to increase this figure, as pool-side latency is already quite minimal. Most of the latency is due to network communication and miner software.

Ive noticed that the share efficiency has been lower than normal recently. Is there a particular reason for that? Does it have to do with the variability in hash rate that we have been experiencing? Are there any planned updates to increase the share efficiency?

I have a 'theory' on pow-scrypt mining right now

1) You 'probably' should take the money you have, that you want to apply to ASIC's from anybody, and just HODL it in the crypto of your choice

and hope for a pump...unless BTC goes from 8k to 10k well what is the point of getting equipment NOW..you take that cash now ..put it in an equip fund

and wait maybe for the next generation of miners (or not) and stay away from pre-orders....with bitmain mining pow scrypt in the meantime with new equip that don't work at all.

say you toss in 4K ...if it does go to 10k you now have 5k then you can look around and test the waters..but YOU don't have to put it in equip at that point...choices..

2) doing it this way...IF BTC dumps back to 6k say...you likely should not have gotten a miner of any ASIC flavor anyway...and you have either cash or crypto for your troubles

not a 'doorstop' miner. So, if I'm making sense, IF you are betting on a PUMP to make mining work and get an ASIC miner, make the coin work for you and ride it up ..then make your

decision at say a 20% gain in value (hopefully) and cash or whatever to use ..as the 'fund' towards next-generation equipment (which has it's own figuring out if worth it)

and again...if it dumps back to 6k you will be glad you did the above..in that you are not holding the bag on a doorstop or pre-order.

3) Myself, UNLESS I am 'excited' about a product like I was this last April on L3's from China with LTC at 4.15 a coin or something where I see it as something, to do. I really need to do

...I will simply take out a 4-8k loan from the bank and do it that way....not touch my crypto. In other words, if it is NOT worth a 'bank loan' to do. Then don't!

The logic has to follow the risk.

4) You probably should just HODL the coin...at least IMHO till next year or next generation ASIC stuff with ASIC makers taking your coin and you get it as a pre-order 3-4 months later and

the Bitmain monopoly..driving the difficulty up ...while they mine the new equipment in the meantime...well that ain't gonna fly anymore..have a plan.

5) also in my view, as a toy, I'd likely only be interested in FPGA type of machine like Baikal x10 or some such ..1 shot pony, 1 coin miners of BTC etc...just don't

cut it for me anymore...modifying the miner for making mining new algos they can program is attractive...not sure it will happen, but attractive.

e) IF you have stuff in the attic that you will die with ...and want to make the attic a rec room and get say 4k that way....and  use it to fund a wild shot at a

miner go for it...No risk...make your attic (empty) into a rec room and the house value goes up 10k or something. (I should do this) that kinda logic works for this.

but anyway, my take on this...I will have to be 'woo'ed' flowers/candy/romance/dancing....not gonna just fall on my back and let Bitmain have their way with me anymore

just saying If the math/timing etc don't work well enough, for me to go to the bank (like I did this last April 2017 for 12k and get L3's etc) ..

then it probably is not worth getting the miner, any miner, any mnfg, any ASIC flavor...ie I take my 'crypto' ball and go home.

These days, as they pop out ASIC miners from 'everyone' like toasters.

So if the price is gonna go from 8k to 10k 'save' crypto etc as above. Then consider a miner after you maybe build your stash say 25% or some such on the pump.

If BTC price goes 'sideways' at 8k ...again, no need to get a miner, more reason to wait for next generation or other types of miners/ASIC's or whatever.

IF BTC dumps in price to 6k. Obviously, getting a miner before that would be a 'regret'

Also, I use BTC here as a payment option, and the fact Altcoins follow the price of BTC up/down/sideways..but the HODL coin options work for any crypto with the above

I need motivation enough that I go to the 'evil' banker again and take out a LOAN, if that doesn't cool my jets, then ya, likely I should get the miner.

 Again, I have to be 'wooed' damn it!

anyway, my take

Brad

I actually just picked up an A4+ (becausse screw bitmain), and its been making a profit with low energy costs. But something is definitely funky...I saw bitmain tweet out today about a new transparency initiative. Its pretty laughable but we will see what happens in the next few months. I'll be mining until then!

Likely...I got out of mine at 5,350 USD sold the equiv of 16 L3+'s with Bitmain PSU's ..and feel lucky I got that...

but that was my bet...Bitmain being evil and all ..new equipment...thou if they are using the R3 chip like their USB hub miner there will not be THAT much

of a hash increase...we will see

but again I'm out (whew!)

brad

That network hashrate has been bonkers lately. I really am starting to believe that bitmain is "testing" some new miners. What do you guys think?

This is one of the reasons Ive been here so long. Everyone likes profit but sometimes youre able to come across someone who isnt profit driven and will work a project just because they want to see it through. Thanks again, pooler, for being there for us over the many years!

I did not with my rant..mean to imply that litecoinpool has any issues as quoted above...but I do see a DOWNSIDE on scrypt-pow if Bitmain has new units and

releases now and other factors....we could have 6 months of turmoil on tall this ..reflected in high miner costs and low LTC prices...

On the other hand, I am hoping that Charlie Lee's buying partial into a bank with LTC foundation..will finally allow debit cards for LTC

https://oracletimes.com/litecoin-ltc-foundation-purchases-9-9-of-germanys-weg-bank-and-teams-up-with-tokenpay-tpay/


if that is the case..the next 6 months we may break even and at least be above water..if something like that was to come to pass soon

but with again Bitmain controlling 90% of the miners still doing LTC, and only game in town, along with LTC prices now...IF difficulty surpasses price

much more..they will be doorstops..which means NO ONE but bitmain ..is likely able to mine LTC, due to their low electric costs but mainly

with their 20c on the $1 advantage on equipment...it just does not bode well for LTC and scrypt-pow coins

so again at best I see 6 months of angst...till all this plays out...it is just gonna get ugly...I myself will not play Bitmain's pre-order game of 5 months

in advance, while they mine with equipment and shoot up difficulty over those months.. it's a fools game..but I expect they will try to do this anyway.

So anyway, litecoinpool will survive just fine...as to us mining LTC since 2014...well that is to be determined by a lot of stuff out of our control

brad

That is really great to hear! I love the community and litecoinpool, so I wanted to make sure that the project will continue well into the future.  Keep up the fantastic work, pooler! I will be keeping my single A4+ here as long as I can do so profitably!

Our profits may not be as big as our competitors', but we are fully aware that financial sustainability is of the utmost importance for a PPS pool. We try to maintain a reasonable "buffer" at all times, so that we can sustain relatively long periods of bad luck.
Also I'd like to mention that, even though litecoinpool.org was never profit-oriented, it's always been one of my favorite projects. I've never given up on it just because there was a lack of profitability (and in over 6 years that happened quite a few times), and I still don't intend to.