get double rewards for mining Litecoins at pool #1, GHash.IO

JaxonBTC

newbie

Activity: 39

Merit: 0

Quote from: paul09 on March 14, 2014, 03:48:58 PM

I guess the '51%' excuse is no longer valid, WTF is their reasoning for needing to lower the gh/s threshold even more?

Yeah, it's pretty ridiculous, bordering on straight up misadvertising and illegal. Don't they have a legal right to keep a promotion going as advertised or can they get away with it because Crypto Currencies are still in the "West West" stage?

I won't trust them again and I'm sure a LOT of miners feel the same.

Quote from: Blazed on March 14, 2014, 03:04:49 PM

Bait and Switch... lets all ditch them the second this ~~scam~~ promotion is over

Absolutely agree! Grin

paul09

newbie

Activity: 56

Merit: 0

I guess the '51%' excuse is no longer valid, WTF is their reasoning for needing to lower the gh/s threshold even more?

Blazed

legendary

Activity: 2128

Merit: 1119

Bait and Switch... lets all ditch them the second this ~~scam~~ promotion is over

perls

newbie

Activity: 16

Merit: 0

Quote from: Orion99 on March 14, 2014, 02:04:06 PM

Quote from: Trestle on March 14, 2014, 01:58:01 PM

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

Yes once again they've reduced the rewards. This promotion is looking worse with each passing minute.

Wow. Few more hours and it's going to be 0-5 x2, 5-60 x1, 60+ x.5

lol

Orion99

newbie

Activity: 16

Merit: 0

Quote from: Trestle on March 14, 2014, 01:58:01 PM

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

Yes once again they've reduced the rewards. This promotion is looking worse with each passing minute.

Trestle

member

Activity: 102

Merit: 10

Rockem Sockem

Changed again
Pool fee is 0% ! Doubled rewards for LiteCoin mining ends in [5 days, 19 hours, 2 minutes, and 32 seconds]
To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed. Current multiplier: x1.25.

Pool Speed   Reward multiplier
0 – 25 GH/s   x2
25 – 60 GH/s   x1.25
60+ GH/s   x1

JaxonBTC

newbie

Activity: 39

Merit: 0

Quote from: Eganwp on March 14, 2014, 12:15:27 PM

Their reward payout even when the pool is well below the 40GH/s doesnt make sense either.

My payouts from last night w/ 4MH were 0.04LTC per round, every round. This morning with the same 4MH still plugging away, every round payout is now 0.01LTC.... Exact same number of shares submitted.

Nice scam job...

I noticed the same thing with my 5 MH pointed there: About .04 every round and then .01 every round this morning. After looking back at the stats I noticed the returns diminished as the pool grew from 7-9GH to almost 40, a factor of about 4. My thinking was that as the pool grew you get a smaller slice but you work through blocks quicker keeping earnings about the same. Is this right, wrong, someone care to chime in and clarify or offer their opinion on this?

Eganwp

newbie

Activity: 26

Merit: 0

Their reward payout even when the pool is well below the 40GH/s doesnt make sense either.

My payouts from last night w/ 4MH were 0.04LTC per round, every round. This morning with the same 4MH still plugging away, every round payout is now 0.01LTC.... Exact same number of shares submitted.

Nice scam job...

Blazed

legendary

Activity: 2128

Merit: 1119

Bait and Switch..

perls

newbie

Activity: 16

Merit: 0

I got in when it was at like 2gh's, some whale moved over with ~20gh's on his own (from Waffle since that's where he usually sits).

Oh well, it was fun for a minute, now it's meh.

"Hi we're going to offer a 7 day promotion"

less than 1 day in

"Hi, we're going to alter the promotion so its useless for the 'final' 6 days, thanks for playing"

=D

kileris

newbie

Activity: 43

Merit: 0

should have let people know beforehand about that. RIP

muhhkuh

member

Activity: 60

Merit: 10

Quote from: Eastwind on March 14, 2014, 08:03:10 AM

Where did you see the reward rate?

Here - https://ghash.io/LTC

I don't know if it's a scam but there is clearly no 2x reward Angry

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: muhhkuh on March 14, 2014, 07:44:53 AM

Party is over anyway Undecided

Pool Speed Reward multiplier
0 – 40 GH/s x2
40 – 60 GH/s x1.25
60+ GH/s x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

Where did you see the reward rate?

dspair

sr. member

Activity: 266

Merit: 250

Yeah, total scam.

tuner

member

Activity: 73

Merit: 10

fking ghash scammers, if they promised 2x rewards for a week they should keep their word, it's not excuse about 51% attack, they just
need do not let new miners join in and thats all

Quote from: muhhkuh on March 14, 2014, 07:44:53 AM

Party is over anyway Undecided

Pool Speed Reward multiplier
0 – 40 GH/s x2
40 – 60 GH/s x1.25
60+ GH/s x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

muhhkuh

member

Activity: 60

Merit: 10

Party is over anyway Undecided

Pool Speed Reward multiplier
0 – 40 GH/s x2
40 – 60 GH/s x1.25
60+ GH/s x1

At the Moment we're at 38.51 Gh/s and it grows rapidly!

muhhkuh

member

Activity: 60

Merit: 10

Well I tried it and you don't even get the normal LTC reward Angry

In 3 hours just 0,01 LTC instead of 0,03 and if it's double reward it should be around 0,06 LTC Roll Eyes

Blazed

legendary

Activity: 2128

Merit: 1119

It is too small... @ 1GH you will make less even with 2x rewards.

ddalex

full member

Activity: 135

Merit: 100

The game is over at
http://cex.io/r/0/ddname/0/

To prevent getting 51% of the Litecoin network, the reward multiplier will be adjusted according to the pool speed.

Pool Speed   Reward multiplier
0 – 40 GH/s   x2
40 – 60 GH/s   x1.25
60+ GH/s   x1

Topic: get double rewards for mining Litecoins at pool #1, GHash.IO (Read 1401 times)