Litecoin Wiki Mining Hardware Comparison Multiply Bitcoins

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This page lists all known mining pools along with many of the important details needed to choose a Litecoin pool which best suits you. It is usually a requirement to register an account on the pool, and configure your workers on the pool's portal account pages before mining. Each pool may have different payment methods--select the method which works best for you.

A frequently updated list of each pool's hashratesas well as a hashrate api are available. If possible, please help the network by mining with a pool that doesn't have a large part of the network hashrate.

The following is a list of P2Pool nodes that can be used by the public. All nodes require no registration and can be connected to by simply passing your LTC address as the username and anything as the password.

The nodes are also interchangeable due to the nature of P2Pool and, as such, it is recommended to setup more than one in your miner configuration as a fallback. 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 slowerpools 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.

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In the context of cryptocurrency mining , a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work.

Mining in pools began when the difficulty for mining increased to the point where it could take centuries for slower miners to generate a block. Slush Pool is the oldest currently active mining pool. Mining pools may contain hundreds or thousands of miners using specialized protocols. The Pay-per-Share PPS approach offers an instant, guaranteed payout to a miner for his contribution to the probability that the pool finds a block.

Miners are paid out from the pool's existing balance and can withdraw their payout immediately. This model allows for the least possible variance in payment for miners while also transferring much of the risk to the pool's operator. Miners earn shares until the pool finds a block the end of the mining round. In other words, all shares are equal, but its cost is calculated only in the end of a round.

Bitcoin Pooled mining BPM , also known as "slush's system", due to its first use on a pool called "slush's pool', uses a system where older shares from the beginning of a block round are given less weight than more recent shares.

This reduces the ability to cheat the mining pool system by switching pools during a round, to maximise profit. PPLNS method is similar to Proportional , but the miner's reward is calculated on a basis of N last shares, instead of all shares for the last round.

Therefore, if the round was short enough all miners get more profit, and vice versa. GM was invented by Meni Rosenfeld. Multipools switch between different altcoins and constantly calculate which coin is at that moment the most profitable to mine. Two key factors are involved in the algorithm that calculates profitability, the block time and the price on the exchanges. To avoid the need for many different wallets for all possible minable coins, multipools may automatically exchange the mined coin to a coin that is accepted in the mainstream for example bitcoin.

This method also increases demand on the intended coin, which has the side effect of increasing or stabilizing the value of the intended coin. From Wikipedia, the free encyclopedia.

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