Author Topic: [Pool] - Coinotron --- PROMOTION --- LTC PPS rates = 3% !!!!!  (Read 47720 times)


Offline coinotron

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Re: [Pool] - Coinotron - Registrations are open !!!
« Reply #46 on: April 19, 2014, 12:18:40 PM »
FYI

Today I introduced new worker type in LTC pool: 1.5% PPLNS

Offline EasyQuest

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #47 on: April 19, 2014, 04:20:54 PM »
How do you address your pool nearly controlling 50% of the network? It is hitting 40% now...

Offline coinotron

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #48 on: April 21, 2014, 10:37:57 AM »
FYI

We are increasing PPS and RBPPS fees in LTC pool.

New fees:
PPS = 4.5%
RBPPS = 3%

During last weeks Coinotron's LTC hashrate increased significantly from below 20GH/s to current 55GH/s. That increased our risk of running PPS pool.

In order to mitigate that risk we would like to encourage miners to switch to PPLNS. We introduced LTC PPLNS worker 2 days ago. Miners are paying only 1.5% fee in PPLNS mode. So in along run it is much more profitable than PPS or RBPPS. 1.5 % PPLNS is also more profitable than old 2% RBPPS or 3.5% PPS.

Offline Ananzi4

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #49 on: May 18, 2014, 02:29:58 AM »
are we under a ddos attack?

Offline TheMage

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #50 on: May 18, 2014, 05:09:54 AM »
You need to remove the ability for new members to join since you are close to %51 of the network hash rate.


You guys arent stupid, i know you know whats going on and have seen people talking about it.

Offline mindragon

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #51 on: May 18, 2014, 02:44:55 PM »
Down-voting posts on Reddit doesn't do anything to solve the issue.

Take this problem seriously or risk losing the entire coin.

Offline coinotron

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #52 on: May 18, 2014, 07:24:47 PM »
FYI
I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate.

Offline N8c

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #53 on: May 18, 2014, 07:42:15 PM »
Thanks for finally acting ! ::)

Offline N8c

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #54 on: May 19, 2014, 08:44:28 PM »
FYI
I have contacted with our biggest miners. We are working on solution to mitigate risk of Coinotron's hashrate raising over 50% of LTC network hashrate.

Arrange mitigation NOW.
I am fucking 5 seconds away from tipping 4chan to DDoS your pool.



[edit]49,6...[/edit]
« Last Edit: May 19, 2014, 08:57:15 PM by N8c »

Offline losh11

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #55 on: May 19, 2014, 08:54:03 PM »
I get that you guys are in a multi pool, but just switch off LTC multi pool.

Offline N8c

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #56 on: May 19, 2014, 10:13:07 PM »
50,2.

I really hope a large DDoS hits you over several days for not acting.

Offline mindragon

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #57 on: May 19, 2014, 10:40:09 PM »
I say screw it. Someone should join Coinotron and submit a few double-spend transactions. Make their mining absolutely worthless.

Offline Endgame

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #58 on: May 19, 2014, 11:14:26 PM »
Coinotron reduce your hash rate or become the most hated pool in litecoin. You are sitting on 50% network hash rate, risking the entire coin for the sake of a few extra bucks. Your lack of action so far to address this important issue is shameful.

Offline Aquirox

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Re: [Pool] - Coinotron - new 1.5% PPLNS LTC worker
« Reply #59 on: May 19, 2014, 11:53:49 PM »
move fee to 20% on LTC stop suck now coinotron omg .....