HivePool

Step by Step Procedure to Register in HivePool
and Create Bees

1. Write !help in the #hivepool or #luckybee channel.

You will receive a Direct Message (DM) from BeeKeeper.

2. In the DM window of BeeKeeper write !reg firsttime. You will receive a message with a BeeCode from BeeKeeper that “Registration Completed”. Save your BeeCode, you will need it in the future to access your HivePool account from Telegram, Twitter etc. Or due to any reason if you lose your current discord account and you need to create another discord account, then with this BeeCode you can recover your HivePool account along with all balance and bees.

If you have a BeeCode and you want to register with the BeeCode then write !reg, beecode and your BeeCode String, like this
!reg beecode beeCodeba063e503f6da5a525fa597ca7129c3bd96w9exq


3. In the DM window of BeeKeeper write !deposit, you will receive a DM with a deposit address to fund your HivePool account.

4. Send LCC from any wallet/location to your deposit address. If you want to buy LitecoinCash then here you will find the list of exchanges. But, before buying LitecoinCash in any exchange, first check the withdrawal fee of that exchange and check that the withdrawal is enabled or not. After 6 confirmations in the block-chain you will receive a message from BeeKeeper that your deposit arrived.

If you have LCC in your Tipsy account and you want to transfer those LCC to BeeKeeper account you can do it. To know how to transfer LCC from Tipsy to BeeKeeper read HappyIguana's Personal Escrow Service.


5. The price of one bee is 0.05 LCC and the transaction fee of bee creation is 0.001 LCC. If you want to create 2000 bees, then the price of 2000 bees will be 2000 x 0.05 = 100 LCC, so your account balance will be deducted by 100 + 0.001 = 100.001 LCC. You can create bees in two ways, i.e.

(a) By specifying Bees number
Write !createbees bees n (where “n” is the number of bees you want to create). Suppose, you want to create 2000 bees. Then you will write like this
!createbees bees 2000




(b) By specifying LCC amount
Write !createbees lcc n (where “n” in the amount of LCC you want to spend to create bees). Suppose, you want to create bees of 45 LCC. Then you will write like this
!createbees lcc 45

Bees take 1152 blocks (1 day 9 hours 43 minutes apx) to mature. The lifespan of bees is 16,128 blocks (19 days and 16 hours apx). When your bees are live they will work with other bees in the HivePool and will try to find blocks.
To check your bees status write !mybees
To check your Pool status write !mypool
To check HivePool status write !poolstatus

Whenever HivePool will find a block you will get a share of block reward after 101 confirmations according to your pool weight and you will get a DM from BeeKeeper that "Reward Received".

Your Pool Weight can go up or down even your number of bees remains the same, because total bees in the HivePool could go up or down. For details about your pool weight read Pool Weight.

Block reward is 125 LCC. HivePool takes 1% of Block Reward as pool fee. Suppose, your pool weight is 1% and HivePool finds a block, HivePool will take 1.25 LCC (1% of 125 LCC), so the remaining block reward is 123.75 LCC and you will get 1.2375 LCC (1% of 123.75 LCC)

There is a function of AutoCreate Bees. If you set AutoCreate then BeeKeeper will create bees for you according to your set criteria. The format of AutoCreate bees is as follows:
!autocreate <number> <frequency> <FNI>

Where number is the number of bees you want to create, frequency is the interval of time in minuets and FNI is the Future Neel Index limit.
Suppose, you want to create 200 bees after each 5 hours if the FNI is equal to or less than 85. Then you will write like this
!autocreate 200 300 85

Advantages of HivePool

If you Hive mine through HivePool you don't need to keep your computer on 24/7 and your wallet open all the time just to Hive mine.

If you have a small amount of LCC and you want to buy bees in the Hive. By spending a small amount like 100 LCC on bees using the LCC wallet, will likely result in finding 0 blocks and loss of all your LCC.

HivePool combines Pool users’ Bees to find blocks and distributes block rewards to all Pool users. Your individual reward payments maybe small, but they will be frequent. In HivePool, if the Neel Index (NI) is low and the Hive is profitable, your bee purchase of 100 LCC may result in 110 LCC (10% profit). And if the NI is high and unprofitable, maybe in the end you only have 90 LCC. You lost money, but you did not lose all of your LCC as in the wallet.


If you are not a member of LitecoinCash Discord then join now.

You will find more details about HivePool here: You Can Mine Litecoin Cash (LCC) Without Hardware Using HivePool on Discord.
Want to know more about Hive mining, read Hive Mining - All you need to know before starting Hive mining and Hive Mining Guide.