Oh, God, I am so sorry. I added an extra zero, so it was actually what you'd make if you had 20GH/s. My apologies. If you put in commas, it's rather easy to see, but I didn't because I was using Python.
EDIT: I fixed the calculations in my post. Again, I apologize.
Topic: [ANN][CONTEST] LiteGuardian 600LTC Giveaway To ONE Miner! (Starts 9/1/13) (Read 3903 times)
September 17, 2013, 11:24:33 PM
September 17, 2013, 11:18:08 PM
Whoa.
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
Update: 3MH/s, 547.5 LTC/day. They could do this giveaway every month!
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
Update: 3MH/s, 547.5 LTC/day. They could do this giveaway every month!
I think there is a bug in your calculations.
2GH is estimated to make 2142.34LTC per day for the miners at the current difficulty (which is even lower than when you calculated - 939).
2% of 2142.34LTC is 42.84LTC not 364.
Also, your not including orphans which the pool absorbs, luck, payment fees for withdraws (which are free for the miners but the pool pays 0.02ltc on about 50% of them) and server and infrastructure cost. There is a reason no medium to large sized pools run 2% PPS and all charge 3,4,5,6% PPS rates, and it's because at 2% you are just about breaking even. Orphan rate alone can be as high as 2% which would wipe out all pool income and that is before fees, luck, and infrastructure costs.
I do this because I love it and believe in LTC, not to get rich. If it wasn't for tenshou the pool would not be able to do this contest.
I'll check my math again, hold on.
September 27, 2013, 03:04:38 PM
September 19, 2013, 11:42:38 AM
If anyone needs an invite, I still have some. Just PM me.
September 19, 2013, 09:04:08 AM
Could I set some more invites added please? My LG username is "BrianB" as well. Thanks!
September 17, 2013, 07:25:17 PM
600 LTC... Not too late to enter and possibly win!
September 08, 2013, 12:34:40 AM
Liteguardian is speaking the truth.
It's very difficult to be profitable at 2%PPS.
It's very difficult to be profitable at 2%PPS.
September 05, 2013, 11:33:40 PM
Whoa.
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
Update: 3MH/s, 547.5 LTC/day. They could do this giveaway every month!
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
Update: 3MH/s, 547.5 LTC/day. They could do this giveaway every month!
I think there is a bug in your calculations.
2GH is estimated to make 2142.34LTC per day for the miners at the current difficulty (which is even lower than when you calculated - 939).
2% of 2142.34LTC is 42.84LTC not 364.
Also, your not including orphans which the pool absorbs, luck, payment fees for withdraws (which are free for the miners but the pool pays 0.02ltc on about 50% of them) and server and infrastructure cost. There is a reason no medium to large sized pools run 2% PPS and all charge 3,4,5,6% PPS rates, and it's because at 2% you are just about breaking even. Orphan rate alone can be as high as 2% which would wipe out all pool income and that is before fees, luck, and infrastructure costs.
I do this because I love it and believe in LTC, not to get rich. If it wasn't for tenshou the pool would not be able to do this contest.
September 05, 2013, 06:51:07 AM
If anyone is needing a invite and you can not locate anyone, pm me and i currently have some i can hand out.
Thanks.
Goldbit
Thanks.
Goldbit
September 04, 2013, 06:12:46 PM
Over 3GH/s now.
Come and join us.
Come and join us.
September 04, 2013, 04:19:21 PM
11 Invitation left, hurry up miners.
PM me your email address for joining Big Prize contest.
PM me your email address for joining Big Prize contest.
September 03, 2013, 11:15:45 PM
Pool is over 2GH and growing! Anyone else needing an invite send me a message... have sent several in the last few hours.
September 03, 2013, 11:06:53 PM
Whoa.
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
Fun fact: if you guys get 2,000 MH/s (extremely likely), you'll be making 365 LTC per DAY in fees! And that's at the current diff!
hashrate = 20000000000
ltcdiff = 1102.31
hrstoblock = (ltcdiff * 2^32) / hashrate / 60 / 60
(50 / hrstoblock) * 24 * 0.02 = 364.987 LTC
I gotta open a pool...
They got 2,100MH/s now
Anyone who wants 0.25 LTC, PM me.
September 03, 2013, 09:19:57 PM
You guys should post what time the count was taken after it's done.
Also, hurry up and count today so I can bring my rig down to switch it to Arch Linux!
Also, hurry up and count today so I can bring my rig down to switch it to Arch Linux!
Today's count was just completed (9/3/13 - the 3rd).
We wont be posting the time each day most likely, but since you asked and I happen to love Arch linux
September 03, 2013, 11:11:24 AM
Fiinalize, that's quite a generous offer.
Good luck.
Good luck.
September 03, 2013, 11:04:22 AM
I have more invites available send me a PM with your email address. 600 LTC for the winner!
September 02, 2013, 06:53:40 PM
I will send 0.25 LTC to anyone who signs up under my invite and mines for more than 5 days!
PM me
PM me
September 02, 2013, 06:37:58 PM
so i get 1 entry for each of my invites and 1 per day i mine?
No, you get one entry per day you mine and one entry per day each of the people you invited mine.
Correct
September 02, 2013, 10:56:30 AM
so i get 1 entry for each of my invites and 1 per day i mine?
September 02, 2013, 07:34:43 AM
600 LTC! Can not wait to see someone win this! Mine for 2% PPS and possibly win $1500.00 worth of coins...
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