Well damn, litecoin prices are up. I was hoping to buy in while they were low. Anyway, this is fun. Has the "attack" started yet?
Attack will be postponed until next week, 2013. |
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Very big wall at 8.66?
Yes, looks like pirate is already tired of bitpal's game. We'll see who's the winner tomorrow. |
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Coblee, you may want to put the link to latest binaries version in your signature so more people know |
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Can't really help much since I don't have 9600 M, you should seek help from the developer of cgminer himself. His name is ckolivas, and here's his thread : https://bitcointalk.org/index.php?topic=92887.420Meanwhile, you should set up cpu miner in your laptop to protect the litecoin network. The speed must be small but every kH/s help. Go solo if you can. |
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As some pointed out in a post that I lost the link of (pm?)
Nicely written, rabbit. I'll paste this from my previous post.
Won't that be too late if you switch at October ?
You won't get as many litecoin if you mine it later, as difficulty keep increasing every few days.
After GPUs users move in, difficulty changed from 1 to 6.6 8.36 now.
Imagine the difficulty change in October if most of GPU user move to litecoin.
The total Litecoin network is ~200 MH/s, since scrypt is 1/1000's bitcoin speed, that is equal to 200 GH/s or 0.2 TH/s in bitcoin world.
Total bitcoin network now is 13.3 TH/s.
So roughly only 1.5% hash power move from bitcoin to litecoin now.
Let's say that 30% of 13.3 TH/s is from GPU user, and only 65% will move to litecoin because it's not feasible anymore to mine bitcoin.
30% * 13.3 * 65% = 2.5935 TH/s
After applying 1/1000 multiplier, that's equal to 2.5935 GH/s
Current litecoin network is 0.2 GH/s
If the network speed grows from 0.2 to 2.7 GH/s, the difficulty won't be 6 8.36 anymore and less coin will be generated per kH/s.
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You're using sha256 algo which is used in bitcoin, litecoin use scrypt. Run cgminer with cgminer --scrypt --lookup-gap 2 --thread-concurrency 6144 -g 4 -I 13 |
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Works
You should update your signature. +1 |
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- Early adopter coins (EA Coins)
No one will really complain even if it's not successful because everyone in this forum already mined 1,000,000 of them in day 1 when difficulty is 0.
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There's no official binary build yet ?
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You need to trust the lead developer which defeats the purpose of cryptocurrency in the first place.
But there's no way any alternative cryptocurrency can repel 54% attack They need to be merge mined with bitcoin which i dont think you can do with litecoin. Namecoin at least has the usefulness of domain name registration. What if someone make another alt-crypt algorithm that run very poorly on Tesla card ? Will this prevent that 54% attack ? |
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You need to trust the lead developer which defeats the purpose of cryptocurrency in the first place.
But there's no way any alternative cryptocurrency can repel 54% attack |
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Couldn't this be easily stopped if there was a limit on the difference between two blockchain heights was put into effect? because as far as I know the litecoin client currently accepts the longest chain as the most valid one. So this would prevent something I would call "chain hopping" on the client.
The only way to stop it is to do what solidcoin did and have "tyrant nodes" where they need to sign the blocks to be valid but unfortunately that is a centralised solution.  Is that mean SolidCoin is not really as bad as people said ? |
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There are moderator in this place ?
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