PPLNS is now active, for my and your safety, auto and manual payouts will be paused for the duration of 1-2 block solves.
Thank you for your continued support!
Its been 2 years, and to this day we've mostly stayed EXACTLY the same in terms of fee, payout structure, everything.
Its time for a change.. We need to grow, we need to be able to do that safely, and to do it fair.
Enter PPLNS payout. We've decided that its time to protect our loyal miners, and discredit pool hoppers - especially now that some LARGE asic miners are on the prowl and can easily take advantage of our legacy proportional payout system.
"Pay Per Last N Shares. Similar to proportional, but instead of looking at the number of shares in the round, instead looks at the last N shares, regardless of round boundaries."
I am a miner on this pool since the beginning, and I fully understand the benefits of PPLNS, and I hope you all join me in this transition to future proof us as more and more ASICs are becoming readily available!
Thanks for your support
We were hoping offering a block reward would help the pool grow a little bit, but alas, not much different other than me spending litecoin :D
Maybe we will offer it up again in the near future.
I am excited to announce that for a limited time, we will be offering a block finder reward of 2 LTC. This is awarded from my own Litecoin wallet instantly to each miner that finds blocks on our pool.
We've added and updated our stratum servers to support a few static diff shares for those advanced miners with medium and high speed ASIC equipment. Please see Getting Starting for latest information!
We've expanded the ranges of our vardiff system to allow cpu miners, gpu miners and ASIC miners to all mine side by side effectively.
Lets face it, ASICs are here, they are being turned over to normal miners, and like. We want to keep our miners, and maybe even attract some new ones. We need to expand our portfolio of share difficulties a little bit to accommodate!
We will be adding static share difficulty ports, and increasing the VARDIFF share range this evening, users should notice a brief reconnect when we restart stratum. We will also be adjusting the rate in which we adjust share diff on VARDIFF to allow "faster" miners to quickly ramp up to speed.
My apologizes for the spam, but some people may have just gotten idle worker notifications, as we just fixed an issue that was causing idle worker notifications to not work for almost a month.
Being there was a gap in between the announcement of Heartbleed SSL exploit and the time where most pools patched. I recommend that ALL users please change their passwords and update their PINs as a safety precaution.
Because our Litecoin pool started our amazing journey of operating pools, its the first to get a few face lifts... Coming soon, a re-launch of a new theme that will eventually trickle across all of our pools!!!
Wow.. epic 2 days with no blocks.. Thats a record for the pool (took its told on hashpower too unfortunately)..
Our DDoS provider couldn't handle the heat, so we've migrated. Sorry for the abrupt outage!
Being in the top 10 LTC pools, we get to be in the spotlight a little: http://redd.it/1uryt8
Exciting to see, thank you to all our miners that been with us throughout the journey (some since the very beginning too).
We've changed the rules, SSL is no longer optional.
Ahhhhh thats better.... Default theme will be in place for a few days to a week while I reskin the other theme to incorporate all the new fun features. Block estimates will also be off until the next block is found (soon (tm)).
We are performing upgrades to the frontend. Default theme will be in place for a few days or possibly a week while we make the transition.
Please welcome stratum-east.hashfaster.com:3333 (NJ, US) and stratum-west.hashfaster.com:3333 (Las Vegas, NV, US)
These have been added to the getting started guide, and I recommend that you setup the closest as your primary and the other as your backup pool.
We've changed the DNS for stratum to a new load balancer (well, same kind, different datacenter). Some users might experience a brief disconnection while this occurs.
Given the higher risk lately of being a victim of a DDoS attack, we've begun engineering (or shall I say re-engineering) the pool and its overall network stance. All entry points to the pool are now fully protected by DDoS mitigation systems. We will bringing on a few new systems in the next day. 1) East and West coast stratum (Load balanced, DDoS protected) 2) Private stratum (DDoS protected aswell) for users with 10MH or higher that would like a dedicated mining experience, using hidden, IP restricted stratum servers, offering VARDIFF up to 1000 share diffs (versus normal of 32-256).
Time to start growing at a rapid rate! More to come.
We've integrated some network level DDoS protection into the pool, back to business!
Please visit https://litecoin.info/UpgradingLitecoin#Upgradingto_0.8.6.1 and consider upgrading your wallet; We did!.
We run 3 supernodes, so you can add ONE of our nodes (and 2 of others) to your litecoin.conf.
We were victim of a stratum DDoS, with over 200,000 packets per second. Pretty much unpreventable. We will be watching and applying filtering as needed.
For those miners in the EU, please consider using our EU based (Amsterdam) stratum server for a lower latency connection. The server URL is stratum-eu.hashfaster.com:3333
Since we are a supernode (3 actually) and we peer with other supernodes (read: pools), we can offer the new 0.001 tx fee! Enjoy.
ALSO, dont forget to update your LTC wallets so you can too send with the new TX fee.
We are aware, and are in the mist of upgrading things, getting more servers, etc. We apologize for the slowness, hang tight!
I've lowered vardiff back to 256 due to hashrate fluctuations and higher invalids than normal.
Expect some changes, but don't be alarmed, we are doin' stuff!
Pool economics dictate that I have to lower the bonus a tad to 0.2 LTC, Please consider donating if you are not already to help support block rewards!
We've realized that people (not all, but most) like to try different coins, hopping in and out based on profitability and whatnot.
We've added a few new pools to our deck:
FeatherCoin: http://ftc.hashfaster.com FastCoin: http://fst.hashfaster.com TagCoin: http://tag.hashfaster.com WorldCoin: http://wdc.hashfaster.com
Hopefully this keeps more of you loyal miners under the HashFaster roof!
We were able to track down and fix the erroronus logic that has been creating false positive IDLE worker notifications.
As I hinted before, 100MH is a goal of ours, and I plan on offering 2.5LTC for block finders until this goal is reached. By then, block solving will be too quick to sustain that reward, and afterall I do want the pool to be around way beyond 100MH, so I will adjust reward depending on pool economics (donations, etc).
The pool is growing! Very happy to see it! The sad part is now were solving blocks faster and faster. Yet my miners stay the same, meaning my profit (hah what profit?) is really getting strapped because of the block rewards I want to give out. I had to lower prize to 1.5LTC for now.
Please consider donating >1%, its a tiny bit for most, but it can add up if everyone pitches in.
I am adding more dashboard features, and may move a few around, just a FYI!
Keep on hashing faster! :P
Please vote here: What do you think of the new HashFaster look?
Happy mining! VARDIFF is doing its thang and doing it well. We started out originally with a 15-1000 vardiff spread, which was causing erratic hashrate reporting, so 2 more adjustments and were at the sweet spot of 32 to 256. Hope everyone agrees things are running smooth. Bring on 100MH!!
VARDIFF is now active for newly connected workers (or reconnected workers). We will be bumping stratum tonight so finish moving people to the new VARDIFF enabled stratum. UPDATE - We bounced stratum at 8:15pm EST and all workers instantly were observed connecting to vardiff, so all is well!
We are finalizing testing of vardiff support on our pool and once it checks out, we will be bumping stratum to support vardiff. This will equate to maybe 30 seconds of downtime during the restart of stratum.
I am sure there will be bugs, but I did test enough to feel comfortable with launching. I will be adding more bells and whistles as time permits, but I REALLY just wanted to get this thing out there. SUCCESS.
Don't be shocked, things are going to look different around these parts!!! Custom theme, launching tonight, and we will likely improve upon it over the following weeks..
As the pool grows in hashpower, obviously rewards become harder and harder to swallow (for example, we paid out 4 2LTC rewards yesterday, basically ~$20USD), so this begs the question to the future of rewards as pool grows.
I am again looking for feedback on the possibility of continuing 0% fee, with eventually no LTC reward, or a pool fee of 1%, and hanging onto the reward for much longer.
Please vote! Pool reward / Fee pool
Pool economics calls for an adjustment of bounty to 2LTC. Keep an eye on the news for changes as I may increase it if the pool payout allows!
As a pool operator, pool growth is my top priority. That comes with a cost (over 120LTC so far), plus the cost of running servers to support the pool. That being said, at the current pool hash/share rate, my payout + paying bounty is causing me to loose $25 a day.. (ouch?).
I don't want to jeopardize pool growth, so I need feedback on the overall thought of small bounty vs no bounty vs greed :P
Please visit http://poll.pollcode.com/fe8yb and vote!!
The tx fee (if necessary) has been lowered to the new network default of 0.02 LTC. This should help the users that payout at lower balances a little! Enjoy. Remember, a txfee is only used IF the network requires it, otherwise there is NO tx fee.
We did end up as planned lowered reward to 5 LTC, but we are going to raise it again to 7 LTC now. If any changes are necessary, I will add more news! Thanks
Here's the deal with my plans for rewards: Next block is 10 LTC, then I will be stepping down to 5TC until my wallet can't handle it then down to 2LTC for then on. I will consider adding more reward LTC if two things happen: 1) The per round donation continue to pick up speed. or 2) Ad-hoc donations (not per round) to the pool (LaCxw4YccqDULZAhzZ9oV9nrtBAaao19C1) make the pool economics allow for more LTC rewards.
If you haven't already, take advantage of the automated Notifications under My Account. This will send you email alerts the instant a block is found, a payout is processed, or even if we detect your mining workers go offline.
To spread the word we implemented a invitation system, this will allow current users to easily send an invite key/email to prospective hashers! Please if you know of anyone that might benefit from our pool, or just up for a chance please don't hesitate to send out them invites!
Congrats to Mick for the latest block being solved and the proud owner of one of many 10 LTC rewards.
Grats to Sybock for finding the block and getting the 10 LTC perk!!!
Giving away more LTC per block then EVER!! 10 LTC reward for block finders.. Hopefully this will help the pool stand out and attract more hashpower and support our continued growth.
UPDATE: Diff has been changed to 32. * PREVIOUS BLOCK STATS WILL BE WRONG!! *
Thank you for everyone that took the time to talk to me about the proposed share diff increases. After much discussion, we've come to the conclusion that we will be switching to 32 share diff within 23 hours. This should be a positive thing for all miners. Eventually we will support vardiff, but thats a ways out at the moment.
We had the best luck I've ever seen on any pool. a 0.80% round, that means we solved a block in just over 10 minutes?
We've implemented a Mobile theme to give you iPad/iPhone/Android users a more friendly interface to use. Screen shot:
Sorry I promised I'd stop with counting blocks.. but a 15% block is AMAZING luck. Too bad I rewarded myself.. but ill throw that fish back in for someone else :P
Kapman won the 7LTC, and because I still have some LTC to give away, I am offering a 2 LTC reward for the foreseeable future.
We moved the pool to new servers, this should be much better (even at huge share rounds..). Sorry for the downtime (10 minutes to my count). Stats refresh is back to 5 minutes or less.