Best litecoin pool mining

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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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.