Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) - page 20. (Read 228113 times)

buy a used  gtx 1060 or two and go for ethereum

Hey

Im fairly new to mining, i got 2 L3+'s 5 days ago.
But im running them on Litecoinpool and im just wondering, it seems like the 2 last days they have restarted a couple of times. Last time was 9 hours 39 minutes ago.
Is this because of a server restart ?
The first 2 days i had them i ran 1 on prohashing and 1 on litecoinpool but i cant say i saw this happen on prohashing ?

So just wanted to know if its normal, it says uptime 4 (which i guess is days ?) but when i go to miner status the elapsed time sometimes resets.

What are the alternatives for Litecoinpool?

Have several L3+ miners up and running now at litecoinpool without any issue, but want to see what can alternatives provide (higher revenue?)

The innosilicon a4 is still too much for my budget... anything somewhere half way inbetween those two?

Thanks

Complete beginner here. How is it profitable to mine with anything where the hash rate in MH/s is less than an eighth of the power (W) at the current price and mining difficulty? I read that the GAW fury miner has 1.3 MH/s with 45 W power usage which the pool's calculator shows as a loss. I am also looking for something relatively cheap to get started but I'm unsure about whether there is anything below $250 that turns a profit...

Can anybody clarify this for me? Is there anything even with an ROI<1 year under $250? (Sorry if I am completely off the ball here or I have no idea what I'm talking about!)

try get a innosilicon a4 not the a4+ that one is expensive.

If you're looking for something small and affordable... but more powerful than the Gridseed might I suggest the Bitmain Antrouter R1-LTC. It's 1.2 MH/s

I've got a small bank of these running on various altcoins (and some are running on THIS pool) and they're stable as crap.

Hi all - fairly new to the hobby. I've got only three GAW fury miners at 1.44 MHz/s is the Gridseed faster than these? From what I've read, I thought that they're only good for litecoin mining and are 300KH/s. I also read that they're 8GH/s. So, not really sure?? 

So, if that's the case, then what is the next (reasonable) step up from this - I'm looking for something inexpensive, and no don't suggest an ANT miner. I'm not forking out or even considering something that's $2k.

Thanks
 

 
Thx a lot it's solved

There's no issue with the pool as far as I can tell. There are many miners currently hashing at well over 50 GH/s. And I can connect to all servers just fine. I'd suggest that you check your network connectivity and miner configuration.

Is your issue resolved yet? i can't connect to the pool from about 3 hours!

Thanks for the explanation, and glad it wasn't interpreted as abuse.

Looking forward to your final rules, once you refine your formula.

PS: Once again, thank you for your service. Didn't mean to rattle things here. I am definitely planning on sticking around, and ordering more and more miners.

anyone else having problems with using over 50,000 MH/s on the pool? I seem to hit a road block in the 40K-50K MH/s and the pool starts to throttle the ramping up of my speed?

Rabble rabble, rouse rouse. You are grasping at anything that could be possibly be interpreted as offensive for something so minor.

Not sure what all the angst is here. I have my minimum payout set at .03 LTC and typically get two payments per day, depending on how long my bigger machines are connected (I break them away for altcoin work throughout the day).

I did not accuse anybody of abuse, and I'm sorry that you interpreted it that way. As I wrote, the general minimum interval was raised in order to prevent the possibility of abuse. In no way did I imply that everybody who had set a short payout interval was abusing the system. The problem is that the number of payouts was steadily increasing, and in some cases it was starting to resemble transaction spam. I'm sorry that you found the new rules confusing, and I agree that we could have posted a note in the news about it (we're certainly going to when the new rules are finalized), but nothing was "obscured". The change was documented in the Account Settings right where the minimum payout interval is set, and I've been answering all questions about it openly and honestly.

I think most of the confusion comes from a misunderstanding. The interval that users can set in their accounts is the minimum interval between automatic payouts (that's why it says "hours minimum"); it's been that way since the setting was introduced, and has been documented both in the Account Settings and on the Payments page ever since. The setting was introduced so that users could avoid receiving payouts more frequently than desired. There was never any guarantee that payouts would be issued at exactly that interval, even though when the payout threshold is met that is almost always the case in practice. Therefore, the recent change did not breach the previous "contract" in the least: if you opted not to receive payments more frequently than once every 2 hours, that is still the case even if your minimum auto-payout interval has been changed to 6 hours. This is the reason why we did not deem it necessary to make a post about the change.

Some final remarks:

• The minimum payout threshold was not changed, and we have no intention of raising it.
• The minimum payout interval was actually lowered from 2 hours to 30 minutes.
• As far as I know, we are still paying out way more frequently than all other major Litecoin pools.

I'm very saddened to see LiteCoinPool.org (LCP) go in this protectionist direction. I have been running my L3+ on the site since I got it a month ago. I appreciated the low threshold/payout that THEY set up and offered. It's not fair, or mature, to accuse miners of "abuse" when YOU, LCP, set the standards for payout! So, without notice, tweet, blog post to your over 12,000+ dedicated miners, you change the rules, obscure those new rules, and act petulant to the very miners which support your site. NOT professional.

Hey, it's your pool, do what you wish. But don't expect the very people you've just insulted and accused of abuse to stick around. And on that note, even with your "102%," your frequently changing difficulty, and arbitrary (read: secret) payout policy change, miners will just head back over to Nicehash or Prohashing. After all, at the time of this post, they are both paying MORE than you!.

I've liked being a part of the LCP community and felt like it was a good place to mine, but now, with whatever is going on internally, I know that I and my L3+ are expendable and being treated badly for following THEIR RULES!

So, goodbye for now LCP. I hope you get your act together and become a positive force in the mining community once again. Until then, I will be mining at a pool that does not call their thousands of miners "abusers."

There were no reprimands though, and no form of penalization was applied. Payout intervals were simply adjusted where needed to conform to the new limits.

It's not currently planned, but it may happen. We are in the process of optimizing the payout process, and it could take some time.

We are still refining the exact formula, but the principle is straightforward. You can simply set your desired threshold, and put the shortest interval that would be acceptable to you. When you save the settings, the interval will be automatically adjusted upwards as needed.

Ok, but we were using what you had stated there.
You allowed those payout thresholds. The intent wasn't to abuse but to consume what you allowed.

I understand why, but it seems like what we did was reprimanded, when we followed what was on the page.

In any case, I have follow up questions:

1. Do you intend on increasing the hours more?
2. You don't mention how you can decrease the hours, if payout is enough. What is enough?

It would help if you published a clarification table.

Thank you for providing an awesome service.

Not by direct connection. The only ports supported by the pool are 3333, 8080, and 3443 (TLS only). You could of course set up a TCP proxy somewhere outside the network and connect to it.