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Author Topic: Newbie questions for Litecoin  (Read 908 times)
Radacoin (OP)
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March 07, 2013, 10:28:30 AM
 #1

I am pretty familiar with BTC, but new to Litecoin.

Question: Do I setup Litecoin the same way as Bitcoin? E.g. bitcoin.conf -> litecoin.conf ?

Is there a litecoind like there's a bitcoind? If so, is litecoind just a modified version of bitcoind?

Is the protocol to sync/distribute blocks for Litecoin the same as for Bitcoin?
sinner
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March 07, 2013, 10:35:02 AM
 #2

wat are best GPUs for litecoin mining?
DarkHyudrA
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March 07, 2013, 11:08:52 AM
 #3

I am pretty familiar with BTC, but new to Litecoin.

Question: Do I setup Litecoin the same way as Bitcoin? E.g. bitcoin.conf -> litecoin.conf ?

Is there a litecoind like there's a bitcoind? If so, is litecoind just a modified version of bitcoind?

Is the protocol to sync/distribute blocks for Litecoin the same as for Bitcoin?

1- Yup, the same way

2- Yup, there's a daemon like bitcoin

3- Yup, the port and the amount of blocks generated are different only, AFAIK

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prime14k
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March 07, 2013, 12:48:09 PM
 #4

how do i set up the wallet to solo mine?

LTC -LiSJeFBX9BxKpTUrX746j2bU93w9kECbZ7
BTC -1PDyzhrJ68PhwcVZTnAPFP291NdcB4xGSK
Radacoin (OP)
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March 07, 2013, 01:41:31 PM
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@DarkHyudrA: Thanks a lot!
DarkHyudrA
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March 07, 2013, 02:55:41 PM
 #6

how do i set up the wallet to solo mine?

Solo mining today on LTC isn't a smart idea...
Try another small cryto-currency like BQC if you want make that only for experience(ppl will help you out of how you make the server/daemon run and how to configure your miner, BQC is Scrypt based as well), for getting real money try pooled mining like coinotron, poll-x, etc.

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goxed
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March 08, 2013, 08:03:06 AM
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how do i set up the wallet to solo mine?

Solo mining today on LTC isn't a smart idea...
Try another small cryto-currency like BQC if you want make that only for experience(ppl will help you out of how you make the server/daemon run and how to configure your miner, BQC is Scrypt based as well), for getting real money try pooled mining like coinotron, poll-x, etc.

What's the advantage of BQC over LTC? Are there any markets and charts for BQC network?

Revewing Bitcoin / Crypto mining Hardware.
Tesla71
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March 08, 2013, 09:30:44 AM
 #8

The advantage is, that there are no exchanges to date  Grin

If you want to solo mine something you can sell, than you should look at TRC
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