litecoin pool overview

Last post by tmfp Sun Apr 03, 2016 12:43 amGHash.IO is a bitcoin mining pool having operated from 2013 and allowed bitcoins to mine using personal hardware or cloud-based mining power.In October, 2016, GHash.IO pool has been closed.At the moment, the team behind former GHash.IO pool offer enterprise mining solutions upon request.The collective value of the bitcoin mined in this pool was over $200 million in its first year.[1]GHash.IO worked in conjunction with CEX.IO bitcoin exchange.Apart from mining bitcoin, GHash.IO hosted a Multipool for mining altcoins, as well as separate pools for mining Litecoin, Dogecoin, Auroracoin and Darkcoin.Altcoin mining options were available for independent miners, while bitcoin mining could also be done in the cloud by purchasing cloud-based mining power on CEX.IO Exchange.Contents 1 2 3 4 5 6 7 Traders on CEX.IO could buy shares of Ghash.IO mining hardware to operate on the Ghash.IO mining pool.This is an innovative form of cloud mining which allows miners to enter and leave the bitcoin mining market quickly, without needing to purchase mining hardware.
Although most traders take advantage of these cloud mining features of Ghash.IO, actual mining hardware could also be redeemed through CEX.IO.After GHash.IO closed in 2016, CEX.IO continued operating as a bitcoin exchange.GHash.IO used PPLNS (“Pay per last N shares”), a reward scheme in which payment is given to shares within a 'window' of time, beginning with the last share submitted and increasing up to the last N number of shares.acuistare bitcoinShares submitted before this window are not paid.ethereum next stepShares are hashes, smaller than the target with a difficulty of 1 (usually pools use the same difficulty as the target for shares, but technically any difficulty could be used).litecoin pool feeEvery hash created has a 1 in 232 possibility of being a valid share.which litecoin pool to join
In order to mine bitcoin in a more evenly-distributed and predictable way, miners often use pools; if this is the case, miners are awarded bitcoins according to the shares they submit.GHash.IO contained merged mining operations from several alternative cryptocurrencies, including NMC (Namecoin), IXC (IXCoin) and DVC (DevCoin).bitcoin betting redditOn April 8, 2014, GHash.IO presented a new script-mining feature, GHash.IO Multipool, which enabled users to mine the most financially rewarding coins at any given moment and benefit from additional settings, such as the conversion and the switch settings.bitcoin daily beastThis new feature allowed users to mine new cryptocurrencies and convert them into bitcoins or Litecoins, as well as to set the miner to withdraw from the current job when switching coins.The Multipool-Pro functions on the basis of the proportional reward system — when a given block is mined, the reward is divided up among all workers proportionally according to the size of their share.
Due to the popularity of Ghash.IO's mining pool, many people in the bitcoin community were often worried about the possibility of a 51% attack.This kind of attack occurs when a single miner or mining pool is able to mine multiple bitcoin block rewards in a row.This would be a problem for the bitcoin network, because it hypothetically allows the mining pool to double-spend bitcoins.In July 2014, the GHash.IO mining pool exceeded the 51% threshold, which forced the bitcoin community to discuss the possibility of finding a common solution to this threat.Since it is currently difficult to develop a long-term solution to this problem, the participants agreed to implement some temporary measures.Accordingly, GHash.IO released a voluntary statement, promising that it will not exceed 39.99% of the overall bitcoin hashrate.Moreover, GHash.IO representatives asked other mining pools to follow their example for the sake of the entire bitcoin community.[2]It also stated that a new committee should be created to act as a watchdog against the 51% problem.[3]
This committee would include representatives of the mining pools, bitcoin businesses and other specialists in the field.The 51% discussion received a broad coverage in the media, as well as other publications focused on cryptocurrency news.[2]ArsTechnica,[4] Bloomberg View,[5] Vice Motherboard, International Business Times,[6] ^ ^ a b ^ ^ ^ ^ LTC & DOGE (MM) POOL with Segregated Witness (segwit) support Anonymous solo Litecoin & Dogecoin mm mining pool based on ckpool form Technobit How it works: TBDice automatically takes your litecoin address and gives you a unique stratum connection mining to your own address.LTC: If you find a block, 99.5% of the 25 LTC + transaction fees get generated directly at your litecoin address!DOGE: If you find a block, 95.0% of the 10 000 DOGE+ transaction fees get generated directly at your doge address!All you need to confirm you are mining to your own address is to examine the coinbase and template sent to you over stratum.
When you find a block, just follow the link in blocks page to double check where the coins went.Configuration: ::13334 :13333 -u LUNyycVonDH9aQMZn1fxyUeu8N3yS8w7ud.0 (your LTC address.worker number -p x:DFeviTwbDbJXgjPRS6zxe74Z4hodvRrTKP (your password:DOGE address).This configuration is recommended.MutliSig addresses starting with 3 are properly supported.Set your username to your LTC address with any or even no worker extension, and any password.If you enter an invalid address it will be ignored and earnings will be generated to the following address: LUNyycVonDH9aQMZn1fxyUeu8N3yS8w7ud and be considered a pool donation.If you do not put a DOGE address in the password the DOGE earnings will be generated to: DFeviTwbDbJXgjPRS6zxe74Z4hodvRrTKP and be considered a pool donation.All invalid user names for LTC will turn RED on Users page, if you have no address for DOGE in the password the MM address on the Users page will say Pool.If you have it correct it will say Self.Pool Mail Notifications: ::type=Y (your password:DOGE address:Your mail address:type=postive integer number).
The type=Y can be one (or sum) of flowing: 1 receive notification for all DOGE blocks found by your worker, 2 receive notification for all LTC blocks found by your worker, 16 receive notification for worker disconnect events and 32 receive notification for worker authorize events.For instance: type=1 you will be notified for new DOGE blocks only, type=3 (1+2) you will be notified for both DOGE + LTC blocks or type=51 (1+2+16+32) will activate all four notification events and so on.It is up to you to chose any combination of the above.::type=51 Please Note: On multiple worker disconnect events within 60 sec time frame only the last event will be mailed.Same applies for authorize event also.Pool, Miners and Workers Stats: All pages are showing LTC difficulty.In order to match the numbers to your s(bf)gminer stats you will need to multiply corresponding diff values by 65536.Please be noted that there might be some errors +-1% due to rounding.Pool Difficulty: The pool is configured to start you mining at 128 difficulty.
The pool supports difficulty setting inside your password.The format is: diff_xxxxxxx:(DOGE address), where xxxxxxx can be any positive integer value.:13333 -u LUNyycVonDH9aQMZn1fxyUeu8N3yS8w7ud.0 -p diff_2048:(your DOGE address) will start you mining at 2048.The new diff can be used when you are renting equipment which requires higher difficulty setting, or you need your diff to be exactly power of two or whatever other reason you might have.You can use this simple formula to find out your starting difficulty: Instance speed in MH / 1.4 / 1000 * 65536.Example for 300MH it would be 300 / 1000 / 1.4 * 65536 = 14043.42 which equals to -p diff_14043.To be on a safe side you can use next power of two integer value, which is: log base 2(14043.42) = 13.77 = pow(2,14) = 16384.Unless there is no particular reason please do not set your diff inside password string.The pool auto adjusts per instance difficulty to maintain a share rate of approximately 3 shares per 10 seconds.The new diff feature sets your worker min difficulty limit also.
Poll will not adjust your worker diff below it.The current worker difficulty is available on workers page.All miners < 0.4Mh - 400 Kh, must use diff_16 to avoid pool idle disconnects.Please Note: DOGE difficulty retargets every block, so it is currently ranging between 13,000 and 33,000 in very short intervals of time.This means it is possible to get a best share of 28,243 when DOGE difficulty is 32,000, and a few minutes later someone finds a block with only a 21,542 share when DOGE difficulty is 19,482.The pool fee is divided as follows: 0.5% LTC block reward goes to pool LTC address LUNyycVonDH9aQMZn1fxyUeu8N3yS8w7ud to operate the pool.5.0% of DOGE block reward goes to pool DOGE address DFeviTwbDbJXgjPRS6zxe74Z4hodvRrTKP to operate the pool.Donations: Pool: LTC address LUNyycVonDH9aQMZn1fxyUeu8N3yS8w7ud Pool: DOGE address DFeviTwbDbJXgjPRS6zxe74Z4hodvRrTKP Con Kolivas: BTC address 14BMjogz69qe8hk9thyzbmR5pg34mVKB1e We'd like to give special thanks to: Con Kolivas - Core project lead, maintainer, author of ckpool and libckpool.