Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) - page 50. (Read 228559 times)
I used to mine on this pool for a long time and never had a problem. Getting paid as you mine instead of waiting for blocks to confirm is very convenient.
Nice, 120% sweet! thanks Pooler keep tweaking that thing! 
Just bump that 115 to 125 whenever you can! 
I hope I'll be able to, but to be honest I doubt the ratio will ever reach 125% again. The difficulty of the Dogecoin network keeps rising as more and more pools jump on the merged mining train, and you can see for yourself that it touched 10,000 just a few minutes ago.
I want miners to know that I'll do my best to keep the PPS ratio as fair as possible. Since merged mining started, I've been monitoring the relative profitability of Dogecoin with a script I wrote, and I may soon implement something similar within the pool code so that the ratio is updated automatically.
EDIT (Sep 15): Looks like I didn't take into account the possibility of a jump in the price of Dogecoin. Now at 130% PPS!
KIS - Keep It Simple!
Just bump that 115 to 125 whenever you can!
Just bump that 115 to 125 whenever you can!
I am sorry for the expresstion. I mean in one day time if a miner get 1% of the LTC that the pool mined a day, then he can get 1% of the dogecoin that the pool mined a day. Is that correct?
Ah, OK, I see what you mean now. Basically you're proposing proportional payouts for Dogecoin. That could work, I suppose, even if it would be subject to the issues of proportional systems. Another way could be to have a separate PPS reward system for Dogecoin.Either way, things would get substantially more complicated for us, because we would have to implement and maintain two separate accounting systems. Also consider that we have a number of security devices in place which would have to be carefully modified.
Not to mention that the current solution of paying everything in litecoins makes things much easier and nicer for all those miners who are note interested in Dogecoin.
All in all, I'd prefer to keep things as simple and manageable as possible, so I think we're going to stick to this system for the time being. (This may of course be reconsidered in the future.)
Can't you just pay the dogecoin with LTC? Just as same percent of LTC.
I'm not sure I understand what you mean there by "as same percent of LTC", sorry.Let me point out that Litecoin and Dogecoin still retain independent network difficulties and market prices, and therefore independent mining profitability. In particular, after the introduction of merged mining the difficulty of the Dogecoin network has started rising rapidly, and this has caused the profitability of Dogecoin to sink from about 100% of Litecoin to the ~18% where it is at the time of this writing. I expect this figure to continue to decline as more pools start doing merged mining.
Pooler, Great job things are running smooth!
So pretty much AuxPow is killing Doge faster than anticipated.
It is not killing it. On the contrary, it's bringing more security to its network. The fact that the mining profitability of Dogecoin alone is much lower compared to when Doge was not merged-mined is perfectly normal and expected, and causes no harm whatsoever.Also, there was a big change of the PPS reward from 125 down to 115 why was that? What determines the reward percentage now?
As I've said before, the difficulty of the Dogecoin network is rapidly increasing, as expected.[...] the PPS ratio will be adjusted to take into account the expected rewards coming from merged mining. [...] Of course, after merged mining starts the PPS ratio may need to be adjusted frequently based on factors such as the DOGE/LTC exchange price and the difficulty of the Dogecoin network, which is expected to increase rapidly.
Can't you just pay the dogecoin with LTC? Just as same percent of LTC.
I'm not sure I understand what you mean there by "as same percent of LTC", sorry.Let me point out that Litecoin and Dogecoin still retain independent network difficulties and market prices, and therefore independent mining profitability. In particular, after the introduction of merged mining the difficulty of the Dogecoin network has started rising rapidly, and this has caused the profitability of Dogecoin to sink from about 100% of Litecoin to the ~18% where it is at the time of this writing. I expect this figure to continue to decline as more pools start doing merged mining.
So pretty much AuxPow is killing Doge faster than anticipated. Also, there was a big change of the PPS reward from 125 down to 115 why was that? What determines the reward percentage now?
Can't you just pay the dogecoin with LTC? Just as same percent of LTC.
I'm not sure I understand what you mean there by "as same percent of LTC", sorry.Let me point out that Litecoin and Dogecoin still retain independent network difficulties and market prices, and therefore independent mining profitability. In particular, after the introduction of merged mining the difficulty of the Dogecoin network has started rising rapidly, and this has caused the profitability of Dogecoin to sink from about 100% of Litecoin to the ~18% where it is at the time of this writing. I expect this figure to continue to decline as more pools start doing merged mining.
Bravo! Could you give miners dogecoin directly?
Unfortunately that would complicate our accounting considerably, so for the moment we are only going to offer Litecoin payouts.Can't you just pay the dogecoin with LTC? Just as same percent of LTC.
Bravo! Could you give miners dogecoin directly?
Unfortunately that would complicate our accounting considerably, so for the moment we are only going to offer Litecoin payouts. Merged mining has started and is proceeding smoothly. We have already found our first Dogecoin block!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
Bravo! Could you give miners dogecoin directly?
Great deal thanks!!
Merged mining has started and is proceeding smoothly. We have already found our first Dogecoin block!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
Merged mining has started and is proceeding smoothly. We have already found our first Dogecoin block!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
The PPS ratio is currently 125%, meaning that miners earn 25% more than with a 0-fee PPS system. Enjoy the extra rewards!
So cool. 
I love the idea of still paying out in LTC and the bump in rewards will be great. Especially since Doge is rebounding a bit.
Thanks for the hard work.
Hello Pooler,
No pressure here but would you have an ETA for such implementation?
The software is already in place. We should be ready to go shortly after the Dogecoin network starts accepting auxiliary proofs of work, i.e. in a few hours.
Payouts will still be made in litecoins only (this is litecoinpool.org after all), but the PPS ratio will be adjusted to take into account the expected rewards coming from merged mining. This will basically be the same as having a negative PPS "fee". Of course, after merged mining starts the PPS ratio may need to be adjusted frequently based on factors such as the DOGE/LTC exchange price and the difficulty of the Dogecoin network, which is expected to increase rapidly.
I am going to update the website to document this change, and will definitely post a news item when merged mining goes live.
I love the idea of still paying out in LTC and the bump in rewards will be great. Especially since Doge is rebounding a bit.
Thanks for the hard work.
Any plans to allow merge mining of Doge? Ive been a miner of this pool for a long time and am very happy with how things are run. I dont really care about Doge much but the extra income would be a plus!
Working on it Hello Pooler,
No pressure here but would you have an ETA for such implementation?
The software is already in place. We should be ready to go shortly after the Dogecoin network starts accepting auxiliary proofs of work, i.e. in a few hours.
Payouts will still be made in litecoins only (this is litecoinpool.org after all
), but the PPS ratio will be adjusted to take into account the expected rewards coming from merged mining. This will basically be the same as having a negative PPS "fee". Of course, after merged mining starts the PPS ratio may need to be adjusted frequently based on factors such as the DOGE/LTC exchange price and the difficulty of the Dogecoin network, which is expected to increase rapidly.I am going to update the website to document this change, and will definitely post a news item when merged mining goes live.
Any plans to allow merge mining of Doge? Ive been a miner of this pool for a long time and am very happy with how things are run. I dont really care about Doge much but the extra income would be a plus!
Working on it Hello Pooler,
No pressure here but would you have an ETA for such implementation?
The software is already in place. We should be ready to go shortly after the Dogecoin network starts accepting auxiliary proofs of work, i.e. in a few hours.
Payouts will still be made in litecoins only (this is litecoinpool.org after all
), but the PPS ratio will be adjusted to take into account the expected rewards coming from merged mining. This will basically be the same as having a negative PPS "fee". Of course, after merged mining starts the PPS ratio may need to be adjusted frequently based on factors such as the DOGE/LTC exchange price and the difficulty of the Dogecoin network, which is expected to increase rapidly.I am going to update the website to document this change, and will definitely post a news item when merged mining goes live.
That's exciting! I love the fact the payouts are still in litecoins! Simple accounting!
Great job!
Any plans to allow merge mining of Doge? Ive been a miner of this pool for a long time and am very happy with how things are run. I dont really care about Doge much but the extra income would be a plus!
Working on it Hello Pooler,
No pressure here but would you have an ETA for such implementation?
The software is already in place. We should be ready to go shortly after the Dogecoin network starts accepting auxiliary proofs of work, i.e. in a few hours.
Payouts will still be made in litecoins only (this is litecoinpool.org after all
), but the PPS ratio will be adjusted to take into account the expected rewards coming from merged mining. This will basically be the same as having a negative PPS "fee". Of course, after merged mining starts the PPS ratio may need to be adjusted frequently based on factors such as the DOGE/LTC exchange price and the difficulty of the Dogecoin network, which is expected to increase rapidly.I am going to update the website to document this change, and will definitely post a news item when merged mining goes live.
Any plans to allow merge mining of Doge? Ive been a miner of this pool for a long time and am very happy with how things are run. I dont really care about Doge much but the extra income would be a plus!
Working on it Hello Pooler,
No pressure here but would you have an ETA for such implementation?
Cheers,
This is great news I look forward to it.
It should be interesting to see how it all works out for Doge in the end as well.
It should be interesting to see how it all works out for Doge in the end as well.
Any plans to allow merge mining of Doge? Ive been a miner of this pool for a long time and am very happy with how things are run. I dont really care about Doge much but the extra income would be a plus!
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