Post
Topic
Board Pools (Altcoins)
Re: [ANN][POOL] Mining Pool Hub - Auto profit switching / Auto exchange to alt coins
by
miningpoolhub
on 30/10/2014, 10:34:40 UTC

Oh alright. Thanks. Is there any reason why there seems to be a lot of time gap when a block is found? Like you said, only 3 blocks have been found till now. Does 50 LTC constitute 1 block?

As litecoin's miners are very very many, it's hard to find the block.
Litecoin's nethash is approximately 1.15 Terahash/sec and our pool is finding blocks with some Megahash/sec.

As nethash increases, litecoin's difficulty value increases automatically.
So new block resolving number needs to be much higher value than other coins. This is why it needs too much time to find a block. It's hard to explain in technically, but it's simple that the more people are mining, it needs more hashing power to find.

If miningpoolhub gets more hashing power, then it will find new block more frequently.