Pool difficulty litecoin calculator
A more comprehensive list of P2Pool nodes is available from geeks. The list is sorted by the date the pool was announced Launched --clicking a column header will change the sort method. There is no "normal" or "standard" or "base" difficulty for Litecoin pools. Difficulty is measured in the same way as Bitcoin difficulty, but since the hashing algorithm used by Litecoin is much more complex and therefore slower , pools need to use a share difficulty lower than 1.
In the first months after the launch of Litecoin, most pools used a share difficulty of 2 or 2 They could have used even lower values, but there was no point in doing that. After GPU mining became widespread, most pools moved to higher difficulties, such as 2 The reason behind this was to decrease bandwidth usage, as a higher share difficulty results in fewer shares being submitted.
While this change doesn't affect mining rewards, there is a minor downside, and that's that the precision of speed estimates gets drastically reduced. For this reason, slower miners may prefer pools with a lower share difficulty, so that they can get more precise statistics on their workers. To overcome this problem, some pools implement adaptive solutions that serve work units with variable difficulty depending on the speed of each miner.
This technique is commonly referred to as vardiff. Even if officially difficulty is defined the same way as for Bitcoin, for historical reasons the value is sometimes multiplied by 2 This is in part due to the fact that early versions of cgminer did not support non-integer difficulties, and 2 was the lowest share difficulty used by Litecoin pools. Agreed, the 25LTC reward will make it all worth it.
When I was mining as part of a pool, it took me like 45 days to find a block which is lucky. I also have two Gridseeds which were my mining training wheels. The prospect of a full 25 LTC reward still seems worth it.
Still having issues with where my machine stops submitting shares. What I also find crazy is just how fast the difficulty has jumped. I have a question, where do you buy your mining rigs… all the places I have seen around they all look like a scam…. Good to know someone else is out there hoping for the I get lucky. I was just wondering is it possible to set up the stratum server on an old computer and connect it to your home network? I am still eagerly waiting to find a block. I am still eagerly awaiting a block.
I get tempted to stop trying to mine solo and just go back to pool mining all the time. For anyone reading this, I recommend sticking to pool mining at the moment. I spent the last week digging into the concept of share difficulty and eventually settled on bumping the share difficulty I was using up significantly. I opted to go with a difficulty of which gave me between 4 and 10 shares per minute.
I hear that the share difficulty has no impact on the earnings however, I also hear that setting a higher share difficulty puts more of the work on your miner. So the worker spends more time hashing in order to find a hash that meets or exceeds the share difficulty. The other configuration I looked into was maxconnections on the Litecoin Daemon. This is just a number to limit the peers that my Litecoin Node will connect to.
I left this out at first and noticed my instance was sucking up a lot of bandwidth and I had about 90 connections or so. Seems like that project is more maintained and comes with a front-end which might be interesting.
I did a ton of research back in into open source stratum mining software and the database for registering users and setting up wallets, unfortunately a lot of what I learned at the time has already been improved upon and updated….
But now you got me thinking about it for sure. I used to point my older equipment to a solo pool op that nicehash ran something like solo. Now I just point them to my own pool. If you need your own pool and want to run your own node, I can help you out though. Node Open Mining Pool. I plan on switching my underlying software this weekend to use that codebase instead of the version I used from UNOMP.
In the long run, I think going solo will be a better option because of the transaction fees. Solo Mining vs Pool Mining Mining. Thats how it works, you can be very lucky, go solo and keep finding blocks, but it can be the other way around I think you need a full node to solo mine.
Solo Mining Litecoin I hope some people find this useful.