It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
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.
The MaxCoin time with CPU mining was very short and now everyone is mining with GPU as soon as it became available, so the MAX crypto continues will full throttle. If you are looking into mining MaxCoin with GPU, then you might find this helpful – download CUDAminer for Nvidia with keccak support or download cgminer 3.6.6 with keccak support from the link below if you are mining with AMD graphics cards using OpenCL. The keccak version of cgminer miner may not be 100% stable, but it will restart again if there is a problem and it crashes. And as a suggestion for a pool to mine MaxCoin in – try 1GH. Ypool has already closed their MAX pool due to the serious DDoS attacks that MaxCoin pools were getting since the crypto has been announced a few days ago and 1GH seems to have resolved their problems with the attacks they were getting as well and are probably one of the largest if not the largest MaxCoin pool at the moment. There is now a newer version 3.7.2(3) available that is much more stable and reliable than the version 3.6.6.
It seems that since the launch of the MaxCoin some of the largest pools that added support for mining MAX cryptos are under constant DDoS attacks and that is preventing the normal mining of the currency by normal users. Not only that this is hurting the trust in the new crypto, but it is generally driving away users from pools, especially if the pools are not prepared for such attacks. As a result of the constant DDoS attacks ypool has announced that they are stopping the MaxCoin mining pool and they were probably the largest MAX crypto pool. Another big pool that reports issues from the DDoS attacks is the 1GH pool, but they are still holding up and have not yet announced that they will give up on MAX.
– For more information about the MaxCoin alternative crypto currency…