Resolved profitability issues

Chris is going to make a change to see if changing the minimum network difficulty of coins that we mine to that of a diff 4096 share (65536/4096) improves hashrate. He'll reply here within an hour to let you know that he made the change and then please track to see if there is an improvement.

We do know that the "low luck miners" issue has been resolved, at least, because those miners forfeited another 15% or so of the pool's earnings last night again.

GenTarkin wrote:Well, litecoinpool is currently mining at 103% w/ no fee ... just like stated.
If prohashing mined at 100% PPS LTC, u would be making 100% - 3% - 4.99% @ prohashing when compared to litecoinpool
So, theres a good 8% loss if prohashing were to mine @ 100% LTC

Also, for my Titan at least, add to that another 4-5% in rejects. So, a good 12% loss in total.

Your figures are right, but as I have tested,
Mining at prohash gives me about 78 % of litecoinpool.org.
I can not point my miner at Prohash and lose 30 LTC every months.

Minerman wrote:

GenTarkin wrote:Well, litecoinpool is currently mining at 103% w/ no fee ... just like stated.
If prohashing mined at 100% PPS LTC, u would be making 100% - 3% - 4.99% @ prohashing when compared to litecoinpool
So, theres a good 8% loss if prohashing were to mine @ 100% LTC

Also, for my Titan at least, add to that another 4-5% in rejects. So, a good 12% loss in total.

Your figures are right, but as I have tested,
Mining at prohash gives me about 78 % of litecoinpool.org.
I can not point my miner at Prohash and lose 30 LTC every months.

Of course. The idea of the pool is to mine above 100% LTC PPS so you get at least 100% or more. But I can understand how the fees + rejects(if urs are as high as mine) do make that more difficult.

Chris changed the minimum network difficulty about two hours ago.

Could someone report whether they see improved hashrate and stability?

Steve Sokolowski wrote:Chris changed the minimum network difficulty about two hours ago.

Could someone report whether they see improved hashrate and stability?

Yes I have for sure

CritterDog wrote:

Steve Sokolowski wrote:Chris changed the minimum network difficulty about two hours ago.

Could someone report whether they see improved hashrate and stability?

Yes I have for sure

Great, then that fix was a simple configuration value. We simply changed the minimum network difficulty of coins we mine from .02 to .061.

I just started a 24 hour Litecoin test at 11:pm tonight to 11pm tomorrow with all my hashrate 165Mhs. It has dropped a few times again since last post mainly just the A2 but seems to recover. I will see how many litecoins I get in 24 hours, the price is right at 4.00 as of this writing this makes a difference so will need to take that into consideration. On the litecoinpool calculator it says in 24 hours I should make 1.76416260 LTC 7.06 USD @ 4.00 a coin @ 165Mhs.. But this just made me think.. How can we make a fair comparison because thats all they mine and it does not matter the price of the coin you get the same amount of coin where as coin switching you are buying the coin so the price changes will effect how many coins you get on this pool correct?. So if all the alt coins are down in price it would effect payouts if I understand this right. So the key is to be mining the most active coins? But If I understand the way this pool works you are going for finding the most blocks for getting the profits and not the price fluctuations? ahh its so confusing!! LOL

Don't worry, it's confusing to us too

Since we are a pay-per-share pool, all that matters to you as a miner is the price of the coin at the time you mine. We takes the loses due to slippage (price changes between mining and selling); that is included as part of the 4.99% fee. Our competitors deduct the slippage from the revenue paid to miners or just pay in the coins mined, and then charge the pool fee on top of that, which is why they can advertise a lower fee when in fact they are charging about the same amount of money.

So if Litecoinpool pays in litecoins, you should probably compare our payout in litecoins as well. Theoretically, daily profitability at Litecoinpool shouldn't vary significantly day-to-day since the litecoin difficulty changes only every 2.5 days; their only variance should be luck in finding litecoin blocks since they are a pay-per-last-n-shares pool.

Chris Sokolowski wrote:Don't worry, it's confusing to us too

Since we are a pay-per-share pool, all that matters to you as a miner is the price of the coin at the time you mine. We takes the loses due to slippage (price changes between mining and selling); that is included as part of the 4.99% fee. Our competitors deduct the slippage from the revenue paid to miners or just pay in the coins mined, and then charge the pool fee on top of that, which is why they can advertise a lower fee when in fact they are charging about the same amount of money.

So if Litecoinpool pays in litecoins, you should probably compare our payout in litecoins as well. Theoretically, daily profitability at Litecoinpool shouldn't vary significantly day-to-day since the litecoin difficulty changes only every 2.5 days; their only variance should be luck in finding litecoin blocks since they are a pay-per-last-n-shares pool.

Naw, litecoinpool is straight up good ol fashion pps.

Chris Sokolowski wrote:Don't worry, it's confusing to us too

Since we are a pay-per-share pool, all that matters to you as a miner is the price of the coin at the time you mine. We takes the loses due to slippage (price changes between mining and selling); that is included as part of the 4.99% fee. Our competitors deduct the slippage from the revenue paid to miners or just pay in the coins mined, and then charge the pool fee on top of that, which is why they can advertise a lower fee when in fact they are charging about the same amount of money.

So if Litecoinpool pays in litecoins, you should probably compare our payout in litecoins as well. Theoretically, daily profitability at Litecoinpool shouldn't vary significantly day-to-day since the litecoin difficulty changes only every 2.5 days; their only variance should be luck in finding litecoin blocks since they are a pay-per-last-n-shares pool.

Naw, litecoinpool is straight up good ol fashion pps. So, its an extremely reliable source of comparison in mining payouts.