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litecoinpool.org
Latest News (RSS): 7 months ago Ten Years of Litecoin and LitecoinPool.org
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WELCOME TO LITECOINPOOL.ORG

Mining litecoins since October 21, 2011

New to Litecoin mining? Read our Beginner's Guide!

Welcome to the first true pay-per-share (PPS) Litecoin pool. Some of our key
features:

 * Exclusive ultra-low-latency Stratum server implementation, written in C
 * Support for Stratum over TLS, to prevent MITM attacks
 * Merged mining (AuxPoW) of several altcoins, paying out in litecoins
 * Support for the resume extension to Stratum
 * Adaptive share difficulty (“vardiff”), with support for manual tuning
 * Network of 8 geographically-distributed, redundant servers
 * Detailed stats updated every few seconds
 * Email notification of idle miners
 * Fee-free automatic and manual (instant) payouts
 * Two-factor authentication support
 * Website and mining interface also accessible as Tor hidden services
 * Extensive JSON API


THE REWARD SYSTEM

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 will be higher than with a 0-fee PPS system.

This is not a PPLNS, SMPPS or RBPPS pool: we always pay for your work, even if
the pool has not yet solved enough blocks to cover the earnings generated. 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.


A BIT OF HISTORY

LitecoinPool.org was started shortly after the birth of Litecoin by Pooler, who
is well known in the community as a member of the Litecoin core development team
and for being the maintainer of the cpuminer software package. 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, 2011 the pool opened its doors to the
public, becoming the first PPS pool for Litecoin. In April 2012 LitecoinPool.org
also became the very first pool to support variable-difficulty shares, a
technique later dubbed “vardiff” by Bitcoin pools, allowing miners to
drastically reduce their network bandwidth usage.

Thanks to its advanced features and its reliability, the pool quickly attracted
a very high number of miners, to the point that during the first half of 2012 it
often constituted over 40% of the entire Litecoin network. Due to centralization
concerns, it was decided to temporarily close new registrations; later in 2012,
registrations were reopened, subject to approval.

In August 2013 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.org the first Litecoin pool based
entirely on software written from scratch, and the first pool to implement
extensions to the Stratum protocol such as “resume”, “suggest_difficulty” and
“suggest_target”.

In September 2014 LitecoinPool.org also became the first Litecoin pool to offer
secure mining over TLS-encrypted Stratum connections, protecting miners from
potential man-in-the-middle attacks.


ACKNOWLEDGEMENTS

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): coblee, DeLorean731, Derringer, diki, g2x3k, Graet, guruvan,
inlikeflynn, jgarzik, LittleDuke, piperitapatty, pontius, rTech, shawnp0wers,
ssvb, terrytibbs, WKnight, Xurious.

LitecoinPool.org — Donations: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7 — Terms of
Service