Upcoming Changes to the Reward System
2024-01-20 14:15 UTC
In about three weeks, we will be changing the pool's reward system to pay out merge-mined dogecoins separately. Up until now, the profitability of merged mining was integrated into the PPS ratio, and all accounting and payments were performed in litecoins. Given the evolution of the markets and the high volatility of Dogecoin's network difficulty, however, it has become increasingly difficult to maintain a stable PPS ratio, to a point where uncoupling Dogecoin from Litecoin has become all but a necessity.
We are as fully committed to PPS as we've always been, so that part is not going to change. DOGE rewards will follow the same PPS scheme as LTC. This is an important difference compared to the other major Litecoin pools, which, as far as we know, have only been offering proportional systems such as PPLNS for Dogecoin.
We want to give miners ample notice before this change, so the new system will not go into effect before February 10.
The only thing you need to do is provide a Dogecoin address for payouts, in addition to the current Litecoin one. You can do that in your Account Settings ahead of time, so that you will enjoy a smooth transition and uninterrupted payments.
We will be posting updates as more details become available. Stay tuned!
UPDATE: A few miners have asked us how this is going to affect their bottom line. In short, it won't. You will be receiving payments in two cryptocurrencies instead of just one, but the overall value will remain about the same.
UPDATE: Naturally, more settings to configure your Dogecoin payouts will become available as soon as we switch to the new system.
UPDATE: Answering another frequently asked question: yes, all relevant website pages will of course be updated and expanded to add information about Dogecoin rewards, balances, payments and market prices. This also includes the calculator and the API.
UPDATE: The transition to the new system has been scheduled for February 10, between 10:00 and 18:00 UTC. There will be no downtime for mining (i.e., miners will be unaffected), but the website may be unavailable for up to one hour while we roll out the new content.