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It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
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Posts Tagged ‘DOGE’
We have passed the 100000 block mark being discovered on the DOGE network and what that does is halving the mined number of coins per found block between 0 and 1 million previously to 0 to 0.5 million for the next 100000 blocks before the next halving of the reward. The result of the reward halving per found block for DOGE is that the current profitability is pretty much in half than before and it is lower that LTC at the moment due to the difficulty remaining the same and the exchange rate going a little lower than in the previous day. So it will be wise to move to another alternative crypto coin for the moment and even mining directly Litecoin will be more profitable than for DOGE at this particular point in time. What can bring DOGE back on the scene is reduction of difficulty, or less people mining it, or increase inn the exchange rate now that the rewards per found block are less. We’ll hack to see what will happen, but for now think about switching your scrypt miners temporary to another crypto currency that offers better profit and LTC or mine directly LTC.
- Published in: Crypto News
- Related tags: DOGE, DOGE crypto coin, DOGE less profitable, DOGE mining, DOGE prices, DOGE profitability, DOGE reward halved, DOGE trading
The Litecoin Difficulty has dropped again, this time from 3508 down to 2674 (-23.76%), so the LTC mining profitability is yet again higher than on the previous difficulty. The reason of course are the many users mining for DOGE, MaxCoin, MetisCoin, VertCoin and other alternative crypto coins instead of directly mining LTC. At the moment DOGE profitability is just about 15% higher than directly mining for LTC, so you can very well expect that the next difficulty adjustment for Litecoin will go up and then down again and then up as the tendency has shown lately. This makes the use of pools such as LTC Rabbit an interesting alternative than directly going back to mining LTC as you are still getting payed directly in Litecoin + some altcoin bonus as an extra.
- Published in: Crypto News
- Related tags: alternative cryptos, DOGE, Litecoin (LTC), Litecoin Difficulty, LTC, LTC Difficulty, LTC mining profitability, LTC Rabbit, Maxcoin, Metiscoin, mining profitability, Vertcoin
LTC Rabbit is an interesting pool for mining scrypt-based crypto coins that does the automatic profitability switching between LTC and a few other crypto currencies for you such as DOGE. What makes this pool different is that it does everything for you automatically and you end up being payed directly in Litecoin and not many different crypto currencies that you need to send back to an exchange and trade them. This pool solves the problem of mining many scrypt cryptos like in Multipool for example, then moving them to an exchange such as Cryptsy, and selling them either automatically or by hand. This method may be a bit more profitable, but is also more time consuming and riskier as the price may drastically change while you wait for your crypto currency to appear on the exchange. LTC Rabbit does everything for you and you end up being paid in LTC directly, regardless of the crypto currency being mined currently, and though this method may be a bit less profitable, it is much easier and safer, especially on the miners that are new and are still getting the hang of things.
LTC Rabbit has a 2% pool fee, and uses PPS (Pay Per Share) payment system with payments being distributed to users every hour respective to the submitted shares by their miners. You get paid for the LTC mining you would normally do in an Litecoin only mining pool plus PPS altcoin bonus on top of your regular earnings, and it all comes in the form on LTC available in your account. The pool has stratum servers in Europe, USA, Asia and Australia, and they are DDoS protected and stable. There is no minimum payout limit, so you can do manual cash out a any time you wish provided that you are ready to pay a 0.002 LTC transaction fee. We have been testing this pool for a while now and are quite satisfied with the results we are getting and it has already replaced our LTC mining pool as a default option instead of having it as a backup. What we would recommend is to give it a try and see if you would also like the ease of use and the profit you get from the pool that is doing everything automatically for you.
– For more about the LTC Rabbit Automatic Altcoin Mining Pool with Direct LTC Payout…
- Published in: General Info
- Related tags: altcoin bonus, alternative crypto mining, crypto mining pool, DOGE, litecoin mining pool, ltc mining pool, LTC Rabbit, ltcrabbit, pps payment, scrypt mining pool