Decentralized PoW Mining Pool Protocol. Miners build their own blocks, earn extra rewards, and get paid by smart contracts. #Ergo

Joined July 2022
LITHOS Protocol retweeted
One note: This update will cause your statistics database to reset. This does NOT effect normal operations, you will still be able to mine, lend, submit NISPs, get payouts, etc. It will make some parts of the webpanel and API not work properly until the resync is finished.
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LITHOS Protocol retweeted
É impressionante, como a adoção tem crescido ao @LithosProtocol. Estude Lithos, estude ergo:native.
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LITHOS Protocol retweeted
Richi
@ManaStakingOct 17
Replying to @LithosProtocol
@LithosProtocol currently accounts for 7.3% of Ergo’s hashrate. What happens to Nakamoto consensus when it hits 51%?
🛡️ Decentralization is a big word, so here's a number to go with it The Nakamoto Coefficient is how many independent players it takes to control a network, so higher means harder to take over Here's how the top 25 blockchains stack up 👇 📊 chainspect.app/dashboard/dec…
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LITHOS Protocol retweeted
Replying to @fitzyOG @binance
Top priority for Bitcoin community should be to revive competitive p2p pooling if it is really serious about resistance to state-level adversaries (pools like Binance's can provide, obviously). @LithosProtocol can be a solution here.
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LITHOS Protocol retweeted
Pull up an llm Input a chain You can input a chain and a dapp as well. Ask this. How many independent control boundaries must a user’s economic intent cross before that user/peer can construct the resulting economic state? Then input Ergo using Lithos Protocol. It will answer why it was worth years to build.
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LITHOS Protocol retweeted
É uma revolução que estamos vendo no padrão de mineração de ergo:native
Lithos activity is picking up! 45 blocks mined from the 7th to the 12th, and already 26 blocks today. ergo:native deserves watching. They (Ergo) have a real chance to break the mining pool monopoly here and transition to a decentralized block production model where individual miners keep a larger portion of the rewards for block production, plus the incentives added by the mining contract.
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Lithos activity is picking up! 45 blocks mined from the 7th to the 12th, and already 26 blocks today. ergo:native deserves watching. They (Ergo) have a real chance to break the mining pool monopoly here and transition to a decentralized block production model where individual miners keep a larger portion of the rewards for block production, plus the incentives added by the mining contract.
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LITHOS Protocol retweeted
Lithos is a decentralized mining pool on Ergo. You build your own blocks, prove your own work, and gain extra revenue for it. Smart contracts keep payouts fair and non-custodial. lithosprotocol.org/
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LITHOS Protocol retweeted
DATUM and StratumV2 also are still centralized in payouts / share handling, though they do handle block templates well. Lithos does more.
Lithos is a decentralized mining pool on Ergo. You build your own blocks, prove your own work, and gain extra revenue for it. Smart contracts keep payouts fair and non-custodial. lithosprotocol.org/
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LITHOS Protocol retweeted
Rollup mining is going pretty well. @LithosProtocol
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New lithos_dashboard release, now with an optional web UI: github.com/arcadiancomp/lith…
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One advantage of being an early adopter: competition is usually low at the start. If everyone mining on traditional ergo:native pools (miningpoolstats.stream/ergo) knew it was possible, they would all switch to Lithos:
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Updated lithos_dashboard to attempt a monthly income projection in terms of ergo:native and LIT: github.com/arcadiancomp/lith…
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LITHOS Protocol retweeted
Race conditions have two different problems. A UTXO spend is atomic, so competing transactions cannot interleave on shared state, a chain of transactions instead. The race that remains is which exclusive chain gets into the block. Lithos settles that race with proof of work. Energy settles market sequencing. Other systems in UTXO are a collection of half baked and weird solutions for that race.
🚨 UPDATE: Adam Back says he told Ethereum to use UTXO before launch, warning its VM model would create race conditions.
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Added a "Network Adoption" section to lithos_dashboard so we can track the growth of the pool. github.com/arcadiancomp/lith… It will be interesting to see how the shape of the network changes as more miners switch over: miningpoolstats.stream/ergo
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Replying to @Armeanio
We think it might help others understand the full implications of what you are saying here if they can visualize what is happening behind the scenes with Lithos. So we designed a CLI dashboard python script. It is very basic, but it does highlight how the block subsidy itself is not the driving economic incentive for participating in Ergo via Lithos. It will be fun to revisit this screenshot once we have a much larger pool of Lithos miners. Code here: github.com/arcadiancomp/lith…
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Tuning Lithos is proving to be interesting. From what we know so far, you want to lock in your miners difficulty at a level where your rig can generate roughly 15 super shares in the rolling 60 block window. The default 4.0G was WAY too high for our aging 4x RX6600 test rig, ~10.6M is looking reasonable here.
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a friend told me. i checked. mine a central pool and you leave the @LithosProtocol pay behind. the finder takes 4%. the rest is not a pool fee. ai can point the hashrate. a central pool is just a habit. come look. i marked the blocks. kayolo, i live on ergoscan.me
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LITHOS Protocol retweeted
Lithos Protocol is open source and portable across Proof of Work blockchains. lithos.work R&D is being done to scope out Bitcoin integration. It is more or less straightforward to do.
Pull up an llm Input a chain You can input a chain and a dapp as well. Ask this. How many independent control boundaries must a user’s economic intent cross before that user/peer can construct the resulting economic state? Then input Ergo using Lithos Protocol. It will answer why it was worth years to build.
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