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Topic: [ANN] The First Litecoin PPS Pool (litecoinpool.org) - page 51. (Read 228559 times)

hero member
Activity: 849
Merit: 507
Introducing secure Stratum over TLS
https://www.litecoinpool.org/news?id=58
hero member
Activity: 849
Merit: 507
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 Smiley
newbie
Activity: 8
Merit: 0
Since the beginning of 2014, Litecoin has declined from US$25 to less than US$5.

Mining revenue does not cover the fixed and variable costs of mining.

The pool hash rate has declined. The network hash rate is declining.

Large mining operators are mining and immediately dumping Litecoin for Bitcoin to cover costs which creates unrelenting downward price pressure on Litecoin.

Litecoin offers little differentiation compared to Bitcoin.

Is this an unstoppable death spiral?
legendary
Activity: 1288
Merit: 1004
Litecoin is recovering today nicely.
I see though that most of the hash rate has disappeared from the pool.  That stinks.

Anyone know if it is just a visual bug or did we really lose that much?
newbie
Activity: 8
Merit: 0
Litecoin is sinking rapidly ... losing money on each coin mined... NOT making it up with volume.  What's happening?
legendary
Activity: 1027
Merit: 1005
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!
legendary
Activity: 1946
Merit: 1035
Perhaps there is room for only one crypto currency in the world?

Perhaps there is hardly any room even for a single crypto currency in the world today Sad

Hopefully things can change with a unified legal framework in the future.

Also, many technical shortcomings are still asking for a fix.

In hindsight: too much speculation, too little action.
newbie
Activity: 8
Merit: 0
Why has Litcoin's price plunged from the low US$30s to less than US$8.00 in less than six months?

Perhaps there is room for only one crypto currency in the world?

 Undecided
hero member
Activity: 504
Merit: 500
how about some type of idle worker notification??
full member
Activity: 227
Merit: 100
I hope we get some asic miners otherwise the pool will die out. Time to maybe open registering again?
legendary
Activity: 2044
Merit: 1000
I think something just happened with the pool. I got an idle notification which tipped me off something was up.
Pool hash rate looks to have taken a drop above and beyond variation...

Anyone else seeing a problem?

my miners pointed to us.litecoinpool.org having the problem. work fine when pointed to litecoinpool.org tho and
i see shares being counted. us.litecoinpool.org..  not being counted.

Having the same issue.  Hope the operator looks into this ASAP! 
legendary
Activity: 2072
Merit: 1001
I think something just happened with the pool. I got an idle notification which tipped me off something was up.
Pool hash rate looks to have taken a drop above and beyond variation...

Anyone else seeing a problem?

my miners pointed to us.litecoinpool.org having the problem. work fine when pointed to litecoinpool.org tho and
i see shares being counted. us.litecoinpool.org..  not being counted.
newbie
Activity: 10
Merit: 0
Hi,

I read you have a JSON API
Is it possible to have a link or documentation ?
I would catch LTC network hashrate and current difficulty

thanks for your help
newbie
Activity: 8
Merit: 0
Litecoin prices continue to slip. Does mining make sense any longer? Can the fixed cost of a rig be recovered?  Can the variable cost of power be recovered?
member
Activity: 79
Merit: 10
   +1 gsupp, If we want to mine , we will mine. I personal do at it this poll because I like it. Screw the price. I want litecoin. And this pool is killer. Thanks again for such great pool, Pooler.

     BretRensselaer, Litecoin and Bitcoin will recover from all of this crashing sooner or later. And all of the adopters will reap great earning, There is to much great tech. knowledge within those 2 coins to let it go to waste. The governments are the problem. But If you have done any real reasearch , you would know that governments are interest in it and it is all not in a bad way. Encryptional uses are great things for goverment use. Maybe just the signing of a message and a payment look at the greaty use that it could have if used for good . We could even pay rent if Bitcoin was real currency.
sr. member
Activity: 308
Merit: 250
A superficial search with Google finds Bit-, Lite-, Tag-, Doge-, Vert-, Peer-, Master-, Name-, Aurora-, and Prime-coin. Cyptocurrenicies are commoditized, that is, there is little differentiation among them, e.g., rice, beans, pork bellys.

Is there enough interest or room in the cryptocurrency marketspace for all of these -coin variants?  Most likely, not.  Most of them will be poorly subscribed and conversion to other currencies will be problematic. Their growth and profit potential is already circumscribed.

How many cryptocurrencies will survive the consolidation of the marketspace?  One? Two? Bitcoin and Litecoin? Most likely nothing else will survive. The bubble euphoria has passed. There are not enough new customers (suckers) to fuel the bubble.

Bitcoin and Litecoin's strength has been the lack of a central administration or control point. But that is also their weakness. Consider the Tesla brand of electric cars. Tesla promotes and vigorously protects the brand and its image. It immediately counters every criticism and threat. Bitcoin and Litecoin have been overwhelmed by events and attacks. It will take years or forever for the brands to come back.

I realize that cryptocurrencies are speculative, but they have become high risk and very low reward -- very unattractive.  A passively managed index fund, e.g., Vanguard S&P 500, easily out performs Bitcoin or Litecoin over a five year horizon.

Now, I know that many of us are disappointed at the outlook. Do I wish the outlook was growth and profit? Of course. I wish a lot of things. I wish we had outdoor air-conditioning. I wish camel poop tasted like spicy hummus. But guess what? It doesn't.

I don't see how any of that has to do with litecoinpool.org's Litecoin PPS Pool, which is what this thread is about.
newbie
Activity: 8
Merit: 0
A superficial search with Google finds Bit-, Lite-, Tag-, Doge-, Vert-, Peer-, Master-, Name-, Aurora-, and Prime-coin. Cyptocurrenicies are commoditized, that is, there is little differentiation among them, e.g., rice, beans, pork bellys.

Is there enough interest or room in the cryptocurrency marketspace for all of these -coin variants?  Most likely, not.  Most of them will be poorly subscribed and conversion to other currencies will be problematic. Their growth and profit potential is already circumscribed.

How many cryptocurrencies will survive the consolidation of the marketspace?  One? Two? Bitcoin and Litecoin? Most likely nothing else will survive. The bubble euphoria has passed. There are not enough new customers (suckers) to fuel the bubble.

Bitcoin and Litecoin's strength has been the lack of a central administration or control point. But that is also their weakness. Consider the Tesla brand of electric cars. Tesla promotes and vigorously protects the brand and its image. It immediately counters every criticism and threat. Bitcoin and Litecoin have been overwhelmed by events and attacks. It will take years or forever for the brands to come back.

I realize that cryptocurrencies are speculative, but they have become high risk and very low reward -- very unattractive.  A passively managed index fund, e.g., Vanguard S&P 500, easily out performs Bitcoin or Litecoin over a five year horizon.

Now, I know that many of us are disappointed at the outlook. Do I wish the outlook was growth and profit? Of course. I wish a lot of things. I wish we had outdoor air-conditioning. I wish camel poop tasted like spicy hummus. But guess what? It doesn't.
newbie
Activity: 8
Merit: 0
Litecoinpool is a well designed and managed operation.

However, the Litecoin notion seems to be a Ponzi scheme. The rewards accrue only to the early investor, miners or buyers.

Litecoin prices have slipped from the mid $20s to ~$11. Litecoin convertibility is clumsy. Litecoin conversion to Bitcoin is merely from one Ponzi scheme to another.

The euphoria of the cryptocurrency bubble is gone. Analysis, skepticism and exposure are pervasive.

To use a well worn cliche, it's time to make money the old fashioned way... to earn it. Mining doesn't make anything... it doesn't earn anything.

I'm disappointed that Bitcoin, Litecoin and other cyptocurrencies have succumbed to common sense. I, for one, hoped for more, but hope is neither a plan nor a strategy.

The potential rewards are exceeded by cost of the equipment and power used. The value of Litecoin is trending toward worthlessness. The equipment and power might be better spent searching for cancer cures, SETI, clean water, etc.

member
Activity: 81
Merit: 1002
It was only the wind.
Ltcabbit is pay per share altcoin pool that pays out hourly... Sorry to rain on your parade, but u are not the first.

Haha, wow. LTCRabbit hasn't even been around for six months.
member
Activity: 84
Merit: 10
PM for journalist,typing,and data entry services.
Ltcabbit is pay per share altcoin pool that pays out hourly... Sorry to rain on your parade, but u are not the first.

LOL...
second funniest after the guy who said ckolivas knew nothing about bitcoin. Cheesy

was not trying to be funny Cheesy
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