Dual Mining Rewards for LTC at CEX Not So Dual Anymore

14 Mar
2014

cex-promo-for-ltc-pool-extra-conditions

It seems that CEX.io did not expect so overwhelming users interest in their dual mining rewards for Litecoin mining in their new pool. The pool has almost reached 40 GHS of Litecoing mining hashrate in less than 24 hours since the announcement of the promotion for the double payout per LTC block. And in order to prevent getting 51% of the Litecoin network, now the reward multiplier will be adjusted according to the pool speed. For a total hashrate of the pool below 40 GHS the 2x multiplier will remain active, between 40 and 60 GHS the multiplier will be just 1.25x and for over 60 GHS it will will go down back to x1. And since the Litecoin pool hahrate has already gone very close to 40 GHS it is possible that soon the profitability of mining LTC at the CEX.io Litecoin mining pool might not be as good as if mining in alternative pools with automatic switching for the most profitable altcoin. So keep an eye on the pool hashrate if you have moved your Scrypt miners to the Ghash.io pool already to mine Litecoin and if the hashrate of the pool continues to rise so rapidly be ready to move back to other pools…

Update: It seems that CEX.io now wants to drive away all of the users they brought back to their pool. The 2x bonus awards that was initially without a limit and then was available with the total pool speed of up to 40 GHS has now been reduced for a pool speed of 25 GHS. We no longer recommend to stay at their Litecoin mining pool, get your miners away from there as they are really not handling the situation well… move them now and withdraw your mined LTC earnings. We don’t want to have to check every few minutes if they have changed their mind yet again and as a result to have mined less LTC that we could’ve if we used another pool with no rules that change all the time and probably neither do most of you!



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6 Responses to Dual Mining Rewards for LTC at CEX Not So Dual Anymore

RavenX

March 14th, 2014 at 16:33

Looks like they are limiting the pool rate so the x2 can still be applied.

It went above 40GHs and now its stalled around 39… o.Oa

admin

March 14th, 2014 at 17:07

It is just pointless to get started now and point miners at the pool, especially if you have a lot of hashrate, for users with just a few GPUs there is no problem to still join and the multiplier to stay at x2.

RavenX

March 14th, 2014 at 17:15

I started mining there as soon as the bonus started and, as I have only one GPU, its performing good.

RavenX

March 14th, 2014 at 21:01

They changed again: now the limit is 25GHs for x2.

admin

March 14th, 2014 at 21:34

Yes, the second time they are changing their mind today, we’ve had enough and have moved our miners elsewhere.

RavenX

March 15th, 2014 at 00:10

The pool rate is under x2 again.

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