Pooler, how is the state of litecoinpool in terms of financial stability? I am hoping that it is making a nice profit to help keep the lights on and you interested in continuing its development!
Our profits may not be as big as our competitors', but we are fully aware that financial sustainability is of the utmost importance for a PPS pool. We try to maintain a reasonable "buffer" at all times, so that we can sustain relatively long periods of bad luck.
Also I'd like to mention that, even though litecoinpool.org was never profit-oriented, it's always been one of my favorite projects. I've never given up on it just because there was a lack of profitability (and in over 6 years that happened quite a few times), and I still don't intend to.
I did not with my rant..mean to imply that litecoinpool has any issues as quoted above...but I do see a DOWNSIDE on scrypt-pow if Bitmain has new units and
releases now and other factors....we could have 6 months of turmoil on tall this ..reflected in high miner costs and low LTC prices...
On the other hand, I am hoping that Charlie Lee's buying partial into a bank with LTC foundation..will finally allow debit cards for LTC
https://oracletimes.com/litecoin-ltc-foundation-purchases-9-9-of-germanys-weg-bank-and-teams-up-with-tokenpay-tpay/
if that is the case..the next 6 months we may break even and at least be above water..if something like that was to come to pass soon
but with again Bitmain controlling 90% of the miners still doing LTC, and only game in town, along with LTC prices now...IF difficulty surpasses price
much more..they will be doorstops..which means NO ONE but bitmain ..is likely able to mine LTC, due to their low electric costs but mainly
with their 20c on the $1 advantage on equipment...it just does not bode well for LTC and scrypt-pow coins
so again at best I see 6 months of angst...till all this plays out...it is just gonna get ugly...I myself will not play Bitmain's pre-order game of 5 months
in advance, while they mine with equipment and shoot up difficulty over those months.. it's a fools game..but I expect they will try to do this anyway.
So anyway, litecoinpool will survive just fine...as to us mining LTC since 2014...well that is to be determined by a lot of stuff out of our control
brad