Welcome to litecoinpool.org

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A mining pool is an association of miners, whose equipment obtains cryptocurrencies. Each pool has a server distributing calculation tasks individually for every participant. As soon as the block is formed, the server distributes the reward among miners according to the individually established rules. Servers automatically send the reward in cryptocurrencies to their miners. However, every server does it in a different way. Here are the most popular kinds of reward calculation:.

This pool was previously known as Bitcoin. It was created by Marek Palatinus nickname: SlushCEO at Trezor. Founded init is the oldest and one of the first mining pools making their names. Its participants mine the most popular cryptocurrency, Bitcoin, and Zcash a bit. The pool reward is based on the Score method: Thus, the pool fights against miners who shift from one pool to another during the round.

The pool is controlled by China-based Bitmain Technologies produces mining equipment. Miners can obtain several cryptocurrencies in this pool: According to the BTC. Inthis mining pool will keep allowing its users to choose a type of reward: All miners can select litecoin pool australia timeline most appropriate type. Besides, the reward is paid once per day. One can adjust a minimum sum of payoffs on the wallet. Initially, it is 0. One more Chinese pool founded in Today, its share of global bitcoin mining is 8.

The reward is sent to miners once per day using litecoin pool australia timeline PPS method. However, the pool charges a higher fee than the majority of pools: The minimum amount of payoffs is 0.

The service immediately warns its users: The pool was launched in June and became one the largest bitcoin mining pools in the world. Its share is 8. The fee is too high: Miners can do it on their own manually. All the above-mentioned mining pools have their own special features. Therefore, prior to joining one of them, one should weigh up the pros and cons: Main News Best mining pool in BlockchainWorldEvents 02 March What is mining pool?

How do mining pools distribute the reward? Here are the most popular kinds of reward calculation: If miners do not work with the pool, their reward will significantly decrease. Top 4 litecoin pool australia timeline pools in SlushPool This pool was previously known as Bitcoin.

F2Pool One more Chinese pool founded in ViaBTC The pool was launched in June and became one the largest bitcoin mining pools in the world. Meet new speakers and litecoin pool australia timeline news of the conference. Contacts Tatiana Kozak PR-manager t. Anton Romanov Customer service support a. Aleksandra Yanko For exhibitors and sponsors a. Oleksandra Kokhan For exhibitors and litecoin pool australia timeline a.

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Mining litecoins since October 21, New to Litecoin mining? Read our Beginner's Guide! Every valid share you submit to this pool is instantly credited to your account at the current pay-per-share PPS rate. This rate, expressed in litecoins, also takes into account merged-mined coins such as Dogecoin, resulting in higher payouts than a regular Litecoin pool.

Thanks to merged mining, you have to pay no fee; in fact, your earnings may even be higher than with a 0-fee PPS system. On other systems, miners are only rewarded when and if a block matures, but sometimes blocks get orphaned from the Litecoin network, and therefore yield no reward.

A PPS pool, on the other hand, takes on the risk of bad luck so you don't have to deal with variance and orphaned blocks. Since the very start, the pool used ad-hoc software: Pooler wrote the front end entirely from scratch, with security and efficiency in mind, while the mining back end was originally a heavily-modified version of Jeff Garzik's pushpool.

After two weeks of intensive testing, on November 5, the pool opened its doors to the public, becoming the first PPS pool for Litecoin. In April LitecoinPool. Due to centralization concerns, it was decided to temporarily close new registrations; later in , registrations were reopened, but have since been subject to approval. In August the back-end software was completely redesigned and rewritten from scratch to implement advanced efficiency and scalability optimizations that Pooler devised after implementing support for the Stratum protocol in cpuminer.

This new implementation makes LitecoinPool. In September LitecoinPool. We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool. In particular, many thanks go to in alphabetical order: Welcome to the first true pay-per-share PPS Litecoin pool. Some of our key features: A Bit of History LitecoinPool. Acknowledgements We wish to thank all the people who have, directly or indirectly, contributed to the development of this pool.