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lulworm (OP)
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May 13, 2016, 06:10:04 PM
Last edit: May 24, 2016, 02:51:31 PM by lulworm |
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It’s been a while now since the original developer abandoned us, No message! No answers! No updates! and more importantly No hope for Litecred. This has left many Litecred community members doubting as to whether to continue following the project or to leave. Many questions ask, many investors leave and many traders dump leaving Litecred to die a slow death. We discussed among us the faithful, why let this happen when we can do something, why let Litecred down when all we want is Litecred! Then comes the answer! To reshape and revive or promising currency Litecred. This is not a brand-new Litecred but the same old one with slightly modified protocol. A Litecred that is here to stay, one that will resist and come back even when it's rejected, dumped and stumped, one that will see progress among other Altcoins and its competitors and will be known everywhere even in the books we read at school, the restaurants we eat, the mechanics that fix our car, to the local phone shops where we buy our phones and prepaid cards.
Please, share your opinions and ideas as we rebrand Litecred to make it attractive, contribute whatever skill you have to make it a better cryptocurrency.
IMPORTANT! PLEASE SWITCH TO THE NEW WALLET TO CONTINUE MINING LITECRED.
Download both windows and linux binaries
OLD WALLET HAS A CHECKPOINT AT BLOCK 14, DELETING YOUR DATA WILL PREVENT THE FORK FROM SYNCHRONIZING.
SYNCHRONIZE FULLY WITH OLD WALLET BEFORE MOVING TO NEW WALLET!
More Info coming soon... 
What is Litecred?
Litecred is a new cryptocurrency with the characteristic of self-funded development, via block subsidy of 11.4% for each minted block. That 11.4% will be not directly usable at the beginning of the development stage but it will be achieved at PoW end, this means we are going to receive only around 0.8% every month. This will guarantee a small and continuos flow to the developers, in order to mantain the project active. There is no developer premine at launch. Funds collected from mining will be held in a public address and will be used for future development and/or given to users with proven skills that will help us with improvements/marketing and promotion.
Litecred wants to be intended as Decred side-project. Considering Decred as Bitcoin 2.0, Litecred wants to be Litecoin 2.0
Ticker: LTCR
Fixed Pow+PoS
PoW
Algo: Qubit
Retargeting: 30 Seconds
Maturity: 25 Blocks
Max Block Size: 8MB
PoW Supply: 98.835,250
PoW Blocks: 1.622.630
Block Structure:
Blocks 0 - 10: 26.278.000 - Litecred Initial Propagation
Blocks 10 - 100: 20 LTCR -1800 tot-
Blocks 100 - 180000: 50 LTCR
Blocks 180000 - 1622630: 35
Self-funded development, via block subsidy of 11.4% for each minted block
Nodes:
litenode1.litecred.org
litenode2.litecred.org
RPC port: 8887
Port: 8868
PoS
PoS Start: 180000 (1.000 Blocks Before PoW End)
PoS Subsidy: 5% per year
Min. Stake Age: 6 Hours
Max. Stake Age: Unlimited
Litecred Initial Propagation (LIP)
LIP: 26.278.000 (around 26.5%)
PoS blocks found are static blocks like PoW Blocks.
LITECRED GPU MINING EXAMPLE:
Thaiti and Pitcairn GPU based Optimized SGminer (Up to 11 MHS with a Radeon 280x):
http://cryptomining-blog.com/4819-new-sgminer-with-optimized-quark-and-qubit-kernels/
SPH-SGminer (suitabe for AMD cards) / CCMiner (suitable for NVIDIA cards)
SGminer mining example .bat file:
./sgminer -k qubitcoin —difficulty-multiplier 256 -o stratum+tcp://pool.litecred.org:4444 -u Weblogin.WorkerName -p Worker.Pwd + your gpu optimized parameters
LIP succesfully completed!
Smooth and fair distribution with 500 addresses entered in 26 minutes from LIP countdown end.
Everyone who followed LIP countdown got enough time to enter LTCR address for the LIP.
Considering thread visit prior to LIP opening [4k],LIP was a complete succes.
LITECRED OFFICIAL POOL
HASHPOWER
       
YOBIT BTC/LTCR
SAFECEX
SAFECEX ISTANT BUY [BTC/LTCR]
C-CEX VOTE
 Follow us on :Litecred Official / Official Forum / @litecredproject / Facebook / Coinmarketcap Coinreport Article  1500 LTCR bounty for translation
Spanish
Russian
Nederlands
Italian
15/05/2016 Litecred Wallet v1.2.1 released
14/05/2016 Litecred Hard fork with protocol changes
15/02/2016 Litecred Paper Wallet
06/02/2016 Litecred New logo
04/02/2016 Coinreport publishes and article about Litecred
02/02/2016 Litecred Wallet V3 released
01/29/2016 Litecred Official Forum Released
01/21/2016 Litecred is added on Coinmarketcap
01/21/2016 Litecred website open
01/19/2016 Litecred is on Twitter @litecredproject
01/20/2016 Litecred New Wallet [w/checkpoints] Released
01/16/2016 Litecred added to Yobit and Safecex Exchange
01/15/2016 Litecred Localization Started
01/12/2016 Litecred LIP Closed.
01/10/2016 Litecred on Coinorium Exchange
01/09/2016 First Litecred Mining Pool
01/09/2016 Litecred Launched!
01/06/2016 Litecred Announcementinfo@litecred.org |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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lulworm (OP)
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May 13, 2016, 06:17:30 PM
Last edit: May 24, 2016, 07:02:41 PM by lulworm |
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As many people ask question about the recent fork, i have decided to clear the air on this issue.
WHAT HAPPENS AFTER THE FORK Litecred v1.2.1
The result of a hard fork is two block chains growing independently of each other from the point of the fork. Essentially two independent “coins” emerge (let's call them litecred1 and litecred2), and however much litecred you own pre-fork will be duplicated to both litecred1 and litecred2. This is important because it means that as long as you control your own private keys, you WILL NOT lose any litecred during the hard fork process.
Example:
1) You own 25 litecred before the fork
2) Fork happens
3) You now own 25 litecred1 and 25 litecred2
As miners move away from old wallet(litecred1) and upgrade to litecred v1.2.1(litecred2) litecred1 fades slowly until no one exist on that blockchain leaving just litecred2. This does not mean that litecred1 is totally dead, if miners decide to use the old wallet, litecred1 will pickup from where it stopped. at the end the Mojority of miners and nodes determine which fork raigns.
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Simple858
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May 13, 2016, 06:20:03 PM |
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great ,... But you should upgrade OP ... some links are not working...  |
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lulworm (OP)
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May 13, 2016, 06:23:33 PM |
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great ,... But you should upgrade OP ... some links are not working... More info coming soon... Those links were left blank for a reason, we will update them as they become available. Please activate notify below the thread to be notified of new contents. |
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axlroses
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May 13, 2016, 06:30:42 PM |
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nicehash port?
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lulworm (OP)
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May 13, 2016, 07:01:39 PM |
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nicehash port?
Pools not ready yet, will add over here when available in a couple of hours. |
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MaxMinersNet
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May 13, 2016, 07:09:32 PM |
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It seems all nodes are down :-(
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sxafir
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May 13, 2016, 07:11:23 PM |
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Better use scrpt.
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lulworm (OP)
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May 13, 2016, 07:31:03 PM |
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It seems all nodes are down :-(
Thats because they are down. We need to inform everyone running the old wallet to switch to the new fork including the exchnages. they will be up in some few min to begin the new fork. |
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andrepierre
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May 13, 2016, 09:30:21 PM |
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It seems all nodes are down :-(
Thats because they are down. We need to inform everyone running the old wallet to switch to the new fork including the exchnages. they will be up in some few min to begin the new fork. I will suggest to contact Blacksmith (Yobit) by pm through their bct thread. |
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crackfoo
Legendary
 Offline
Activity: 3458
Merit: 1126
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May 14, 2016, 12:48:11 AM |
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Is there any need to upgrade?
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ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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lulworm (OP)
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May 14, 2016, 01:27:29 AM |
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Is there any need to upgrade?
Yes! your transactions will be stuck in the old chain. Upgrade is important since the new chain will take over when mining from the new wallet begins. |
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lulworm (OP)
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May 14, 2016, 01:29:48 AM |
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I have contacted Yobit and C-cex our exchange platforms to switch, we start mining from block 179980!
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arseaboy
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May 14, 2016, 03:10:02 AM |
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hi mate just wanted to drop by as i seen that you are giving bounty for translation let me know if Philippines translator are still available I will be glad to work for it if possible will keep checking this thread from time to time mate. thank you.
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intrader
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May 14, 2016, 04:35:16 AM
Last edit: May 14, 2016, 06:50:23 AM by intrader |
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Hi do you mean our ltcr are safe on yobit as they will switch to the new blockchain?
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lulworm (OP)
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May 14, 2016, 04:58:45 AM |
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Hi do you mean our ltcr are safe on yobit as they will swith to the new blockchain?
Perfectly safe! But the exchanges must update their wallet to prevent people from transferring LTCR over the old chain. |
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bct2
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May 14, 2016, 06:34:07 AM |
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TimC
Legendary
Offline
Activity: 1764
Merit: 1022
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May 14, 2016, 01:44:48 PM |
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Please update your litecred wallets before staking starts from block 180000
I'm trying to sync a new block chain with the new wallet but it does not download any blocks. REORGANIZE
REORGANIZE: Disconnect 0 blocks; 000007f685c84d9a5c16..000007f685c84d9a5c16
REORGANIZE: Connect 1 blocks; 000007f685c84d9a5c16..000000e7291b332432b3
ERROR: ConnectBlock() : coinbase does not pay to the dev address)
ERROR: Reorganize() : ConnectBlock 000000e7291b332432b3 failed
InvalidChainFound: invalid block=0000000011cacc1e7c5b height=1002 trust=42424150714326 blocktrust=33859057806 date=01/09/16 13:58:25
InvalidChainFound: current best=000007f685c84d9a5c16 height=0 trust=1048577 blocktrust=1048577 date=01/02/16 23:28:11
ERROR: SetBestChain() : Reorganize failed
ERROR: AcceptBlock() : AddToBlockIndex failed
ERROR: ProcessBlock() : AcceptBlock FAILED
received block 0000000b3fa9eb7bcb5c
ProcessBlock: ORPHAN BLOCK, prev=00000005a69827edaa2b
accepted connection 95.91.230.89:55376
send version message: version 80001, blocks=0, us=x.x.x.x:8868, them=95.91.230.89:55376, peer=95.91.230.89:55376
receive version message: version 80001, blocks=156783, us=x.x.x.x:8868, them=[2a02:8108:46c0:38c4:47b:5a48:9d43:427c]:8868, peer=95.91.230.89:55376
received block 000000058d4decca4d6d
ProcessBlock: ORPHAN BLOCK, prev=0000000b3fa9eb7bcb5c
Is there a boot strap that I can download? |
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crackfoo
Legendary
Offline
Activity: 3458
Merit: 1126
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May 14, 2016, 02:31:44 PM |
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What happened to mining starting at block 179980???
If this is how you're going to run this coin we're just going to drop it.
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ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
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