HomeLitecoinLitecoin's Oldest Mining Pool Celebrates Eighth Birthday.

Litecoin’s Oldest Mining Pool Celebrates Eighth Birthday.


LitecoinPool.org, 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:

“Right now we’re celebrating LitecoinPool.org’s eighth birthday! As a few of you could bear in mind, the pool was formally launched on November 5, 2011, simply three weeks after the Litecoin community went reside (by the way in which: Pleased eighth birthday, Litecoin!).
Over this previous 12 months, 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 12 months and the way forward for Litecoin!”

LitecoinPool (LP) has been instrumental in rising and supporting the Litecoin community. Beneath the management of Pooler the location has flourished and at quite a few factors changing 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. To this point LP has finished 2,164,919,119 TH price of labor.

“LitecoinPool.org was began shortly after the delivery of Litecoin by Pooler(…). For the reason that very begin, the pool used ad-hoc software program: Pooler wrote the entrance finish totally 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, changing 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 Undertaking as a member of the core growth workforce, contributing and writing code in addition to sustaining different infrastructure resembling Electrum-LTC alongside LP.

Pleased Birthday Litecoin Pool 🥳

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