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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Lithiumcoin on May 04, 2014, 05:38:38 PM



Title: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Lithiumcoin on May 04, 2014, 05:38:38 PM


Launch date: Monday 5th, 6:00 PM CST

4 hours left!


http://lithiumcoin.org

About

Lithium is a distributed protocol that uses Blockchain technology based on Bitcoin to create consensus among the the network. Lithium has an internal currency unit called XLT that incentivates miners to help secure the network. Lithium uses a blockchain security system called proof of stake to prevent double spending and solve the Byzantines Generals problem. It also uses the proof of work system, but only for three days with the main objective of distributing the the coins in a democratic and fair way.

Fair Distribution

  • Lithium vs Ripple
Unlike Ripple where the creators openly say they won't give away 40% of the total coins. Lithium will be entirely distributed among fair mining with no premine at all.

  • Lithium vs NXT
Unlike NXT which was initilly distributed among 70 investors, Lithium will be democratically distributed among thousands of miners.

  • Lithium vs Blackcoin
Unlike Blackcoin that was heavily instamiend by Scrypt ASIC farms, thus undemocratically distributed, Lithium uses the Scrypt-Jane algorithm and  Adaptative N-factor Technology to make mining fair for everyone.


Inflation

  • Lithium vs Bitcoin
Bitcoin's current inflation is around 10% per year, Lithium will solve this problem by only having creation 2% inflation per year. The perfect balance between price stability and a good incentive for proof-of-stake miners to help secure the network.



Energy efficient
Unlike many coins that use the long term unsustainable proof of work system, Lithium reduces the electricity cost to the minimum by implementing proof of stake.



Technical Specifications

Algorithm: Scrypt-Jane | 100% pos after three days
Total coins: 10,000,000 (10 Million)
Block times: 30 seconds

POW
Difficulty Retarget: 10 minutes
Adaptative N-Factor
POW: 3 days | Last pow block: 8640

POS
Min Stake Age: 3 days
Max Stake Age: 100 days
Nominal stake interest: 2% annually


Pools
http://xlt.pool.mn


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Lithiumcoin on May 04, 2014, 05:45:12 PM
Reserved for news and updates


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: laiwendersky on May 04, 2014, 05:47:57 PM
Waiting for the launch, will keep watching.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Bfljosh on May 04, 2014, 06:00:31 PM
Interested in this coin.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Philll90 on May 04, 2014, 06:32:34 PM
Premine?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: needmoreprofit on May 04, 2014, 06:56:07 PM
Premine?

Fair Distribution

  • Lithium vs Ripple
Unlike Ripple where the creators openly say they won't give away 40% of the total coins. Lithium will be entirely distributed among fair mining with no premine at all.

I think no premine ;D


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: hualehua on May 04, 2014, 07:04:01 PM
Waiting for the launch, will keep watching. ;D


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Lordoftherigs on May 04, 2014, 07:07:30 PM
what time zone is it ? countdown would be nice


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Lithiumcoin on May 04, 2014, 08:31:14 PM
what time zone is it ? countdown would be nice

Thanks for the suggestion. We've added a countdown. The time zone is CST.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: varunsin on May 04, 2014, 09:44:36 PM
so here comes a coin with only 3 days of POW, lets see how far it goes :)


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Ezravdb on May 04, 2014, 09:45:11 PM
What is next 1 day of POW?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Wirly on May 04, 2014, 09:55:07 PM
Post the n-factor before launch so miners can set up. "scrypt-chacha"!


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: sonysasankan on May 05, 2014, 12:52:40 AM
What is next 1 day of POW?

I will sleep for a week and when I wake up, the rage will all be about 2 hour POW coins. By the time the first "my wallet isn't synching" post crops up in the thread, the POW stage will be over.  ;D


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: JKBtCn on May 05, 2014, 06:10:29 AM
Is this mining the same as Vertcoin setup with cg-miner (adapted)? Or Ultracoin cg-miner with patch?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: susu on May 05, 2014, 06:40:33 AM
Post was deserted, mining can fire it?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Brembomix on May 05, 2014, 05:34:33 PM
Congratulations and good luck.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Scrypt-Jane
Post by: Lithiumcoin on May 05, 2014, 07:03:04 PM
4 hours left!


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Lithiumcoin on May 05, 2014, 07:22:31 PM
New pool:

http://xlt.pool.mn


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: lanlansky on May 05, 2014, 09:06:49 PM
Hi~
rpcport and nodes?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: kryptopojken on May 05, 2014, 09:07:46 PM
can I use the regular sph-sgminer or do I need to download your miner?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: lanlansky on May 05, 2014, 11:01:02 PM
Launch?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: auy on May 05, 2014, 11:01:46 PM
pianzi


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 05, 2014, 11:26:33 PM
..waiting...


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Prolifik on May 05, 2014, 11:32:10 PM
Yet another POS coin.  :D


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 05, 2014, 11:32:42 PM
Yet another POS coin.  :D
..failing its "fair" launch...


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: magalstrt55 on May 05, 2014, 11:34:42 PM
Waiting for the launch...

I continue to pay attention to this thread...

Good lucky. 8)


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: souljah1h on May 05, 2014, 11:37:59 PM
Blackcoin wasnt instamined or as you say instamiend :)


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Burninj on May 05, 2014, 11:42:11 PM
Blackcoin wasnt instamined or as you say instamiend :)

It was heavily... Got 520k of them the day it launched in less than 1 minute


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 05, 2014, 11:46:23 PM
Blackcoin wasnt instamined or as you say instamiend :)

It was heavily... Got 520k of them the day it launched in less than 1 minute

Congratulations... hope you kept them to the peak?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Burninj on May 05, 2014, 11:49:33 PM
Blackcoin wasnt instamined or as you say instamiend :)

It was heavily... Got 520k of them the day it launched in less than 1 minute

Congratulations... hope you kept them to the peak?

Nope sold it for 11.5 btc a few days after launch...


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 05, 2014, 11:55:22 PM
Blackcoin wasnt instamined or as you say instamiend :)

It was heavily... Got 520k of them the day it launched in less than 1 minute

Congratulations... hope you kept them to the peak?

Nope sold it for 11.5 btc a few days after launch...

Still, good work! Decent size rig?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: theprofileth on May 06, 2014, 12:00:50 AM
And now...hopefully


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 06, 2014, 12:01:44 AM
And now...hopefully

??

Isnt it one hour late already?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: theprofileth on May 06, 2014, 12:03:16 AM
And now...hopefully

??

Isnt it one hour late already?
Well some countries don't do date light savings so I was hoping for that
http://www.timeanddate.com/library/abbreviations/timezones/na/cst.html


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 06, 2014, 12:04:48 AM
And now...hopefully

??

Isnt it one hour late already?
Well some countries don't do date light savings so I was hoping for that
http://www.timeanddate.com/library/abbreviations/timezones/na/cst.html

Yeah, i thought so too, but then again.. the OP posted "4 hours left" 5 hours ago... =/


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Burninj on May 06, 2014, 12:04:57 AM
nah... dev just need 1 more hour to end his instamine!


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: metamine on May 06, 2014, 12:07:40 AM
Good luck guys.. i'm out. Hoping for a fair re-launch later..


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: lobo13 on May 06, 2014, 12:24:11 AM
How do i mine this coin any tutorial on how to mine this???


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: reflector on May 06, 2014, 12:27:42 AM
How do i mine this coin any tutorial on how to mine this???

Well, if it ends up getting released, I'm guessing it will be mined the same way as Ultracoin, so you can google how to do that.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: JKBtCn on May 06, 2014, 01:01:18 AM
New pool:

http://xlt.pool.mn

XLT, Is launch a go or not?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: JKBtCn on May 06, 2014, 01:23:51 AM
Reserved for news and updates









Words, words, words

[space...empty]



Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: workminer on May 06, 2014, 01:29:45 AM
when will launch?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: alexvillas on May 06, 2014, 01:38:40 AM
..waiting...   >:( >:(
 


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: gts476 on May 06, 2014, 02:39:45 AM
You won't need to wait long. Looks like the website is being uploaded as I type this.

It occurs to me. Why isn't the ticker Li?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: dbt1033 on May 06, 2014, 03:06:20 AM
so................. what the fuck?
Lithium Coin Block Crawler (http://lithiumcoin.org/blockcrawler/)
care to comment?

G.

LOL!!

I will say the OP looks very similiar to the Prometheum OP, which was changed after he ran off with everyone's btc from the IPO.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: dbt1033 on May 06, 2014, 03:17:48 AM
30 s block time over 3 days = (60/30)*60*24*3 = 8640 Blocks.

8640 Blocks = 10 millions coins.

so 66155 ninja mined blocks = (66155/8640)*10 million = 76.5 million coins premined

so, op, what the fuck?

The crawler may be for another coin...

The dice game is for grumpy


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: spring.yu on May 06, 2014, 03:24:36 AM
hello when will the coin launch?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: goodluck0319 on May 06, 2014, 03:31:27 AM
if I have coin in the wallet, how do I start pos mining?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: dbt1033 on May 06, 2014, 03:38:21 AM
if I have coin in the wallet, how do I start pos mining?

I would assume that you just open your wallet after your coins have enough coinage to begin minting. 

Just make sure to unlock your wallet when your are ready to mint.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: GWCalvert on May 06, 2014, 03:41:01 AM
For what it's worth: The one page that is up on the website looks pretty cool. Too bad the coin failed to launch.

Tired of waiting... Off to find something else to waste my time on  :P


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: dbt1033 on May 06, 2014, 03:51:17 AM
For what it's worth: The one page that is up on the website looks pretty cool. Too bad the coin failed to launch.

Tired of waiting... Off to find something else to waste my time on  :P

+ 1 The webpage does look pretty cool.

But I'm still keeping an eye on it.  Maybe something happened, he's only human.

An update would be nice though.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: zjz_lgd on May 06, 2014, 04:38:18 AM
3 days of mining, a copy of Cinni?
A lot of Color coins now.
And the Cinni coins come out now!
Keep eyes on it!
good luck!


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: TheMightyX on May 06, 2014, 05:57:58 AM
Whats the deal dev.
Another unprofessional developer falls asleep right before launch?
Try updating your "community" if there's a problem next time.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: Lordoftherigs on May 06, 2014, 08:26:56 AM
30 s block time over 3 days = (60/30)*60*24*3 = 8640 Blocks.

8640 Blocks = 10 millions coins.

so 66155 ninja mined blocks = (66155/8640)*10 million = 76.5 million coins premined

so, op, what the fuck?

The crawler may be for another coin...

The dice game is for grumpy

how many coins are per block ?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: MINIGO on May 06, 2014, 08:30:40 AM
be ready...


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: platorin on May 06, 2014, 08:39:12 AM
Looks decent. And what is a total coin number?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: JKBtCn on May 06, 2014, 09:52:30 AM
Looks decent. And what is a total coin number?

Sr Member? OP dude.

shortcut: 10M - could be good return if the dev would turn up and start this show.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: luchodge99 on May 06, 2014, 09:54:04 AM
no much talk here.

could this be another cinni? ;D


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: kololo on May 06, 2014, 10:02:17 AM
Launched now?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: btc-facebook on May 06, 2014, 10:47:48 AM
I need to dig for it, will be launched on time


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: e1ghtSpace on May 06, 2014, 10:57:20 AM
So this launches in 24 hours?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: btc-facebook on May 06, 2014, 11:06:36 AM
I need to dig for it, will be launched on time


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: reflector on May 06, 2014, 01:47:42 PM
Launched now?


Hey kololo, what is your avatar from, and why do so many people here have it?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: deathchuck on May 06, 2014, 02:41:39 PM
Not launch?
Scam coin.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: wisnon on May 06, 2014, 03:38:54 PM
When the transmitter?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: wendy5 on May 06, 2014, 03:48:09 PM
the blackcoin was only one,so not every coin was blackcoin


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: mpalenciac on May 06, 2014, 03:50:11 PM
When does it launch?


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: klembyklem on May 06, 2014, 07:14:14 PM
4 hours later... sorry, 24 hours later... :o :o


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: e0sin on May 10, 2014, 02:27:10 AM
Was looking forwards to mining this coin, it's a shame it didn't launch. I'll be watching for a relaunch.


Title: Re: [PRE-ANN][LITHIUM][XLT] 100% POS | 3 days of mining | No Asics | Launch in 4h!
Post by: MisO69 on May 17, 2014, 04:33:58 PM
He is busy fixing his other coins.