Monday, April 15, 2024

Litecoin’s Oldest Mining Pool Celebrates Eighth Birthday., Litecoin’s oldest pool which has been mining Litecoin since October 21, 2011, celebrated its eighth birthday earlier this month. ‘Pooler’ the swimming pools founder and operator posted a message to the location commemorating the occasion stating:

“At the moment we’re celebrating’s eighth birthday! As a few of chances are you’ll bear in mind, the pool was formally launched on November 5, 2011, simply three weeks after the Litecoin community went stay (by the way in which: Completely happy eighth birthday, Litecoin!).
Over this previous yr, our miners have computed the astronomical variety of one sextillion (1021) hashes. To all those that get pleasure from (or have loved) mining with us, we’d wish to say a giant thanks! Right here’s to the subsequent yr and the way forward for Litecoin!”

LitecoinPool (LP) has been instrumental in rising and supporting the Litecoin community. Below the management of Pooler the location has flourished and at quite a few factors turning into so widespread, new registrations needed to be closed right down to keep away from the potentiality of a 51% assault. As of proper now, LP is the second largest pool comprising 17.8% of the networks hashrate 31.1 TH/s.

Over the eight years of operation, LP has attracted over 42,000 miners to its shores and has mined 194,028 blocks paying out over Ł7,000,000 which by todays costs is valued at an astonishing $420,000,000. Up to now LP has carried out 2,164,919,119 TH value of labor.

“ was began shortly after the delivery of Litecoin by Pooler(…). Because the very begin, the pool used ad-hoc software program: Pooler wrote the entrance finish completely from scratch, with safety and effectivity in thoughts, whereas the mining again finish was initially a heavily-modified model of Jeff Garzik’s pushpool. After two weeks of intensive testing, on November 5, 2011 the pool opened its doorways to the general public, turning into the primary PPS pool for Litecoin.”

Regardless of being much less public than different builders, Pooler has remained steadfast in his dedication to the Litecoin Challenge as a member of the core improvement staff, contributing and writing code in addition to sustaining different infrastructure akin to Electrum-LTC alongside LP.

Completely happy Birthday Litecoin Pool 🥳

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