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Author Topic: [LTC] Litecoin Core Development Fundraising  (Read 27515 times)
aspect
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June 10, 2013, 03:52:32 AM
 #221

Thank you wizzardTim. http://litecoin.org/el
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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June 10, 2013, 04:26:42 AM
 #222

Speaking of network hashrate, will you guys be porting/preserving the getnetworkhashps method to 0.8.x or are you dropping it like Bitcoin did?

Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
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June 10, 2013, 05:10:58 AM
 #223

Speaking of network hashrate, will you guys be porting/preserving the getnetworkhashps method to 0.8.x or are you dropping it like Bitcoin did?

Rebased and improved.

If you appreciate my work please consider making a small donation.
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wizzardTim
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June 10, 2013, 06:44:26 AM
 #224

Thank you wizzardTim. http://litecoin.org/el

My pleasure  Smiley

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June 10, 2013, 06:52:53 AM
 #225

https://forum.litecoin.net/index.php/topic,3874.msg30299.html#msg30299
Wow!  Someone donated an additional 15 BTC.  Unlike the previous BTC donations we are holding this to be able to pay contractors who requested BTC.

https://docs.google.com/spreadsheet/pub?key=0AnlrnfU-U6E-dFVuUnlfZUlqek9JbzlNYjVENWp3ZlE&gid=0
The spreadsheet recognizes the 15 BTC at @ 0.0238, the spot value at the time of the donation.  630.2521 LTC has been added to the spreadsheet, which is a big boost to help us reach the challenge!  At the time of this post, 3708.28 LTC remains in the matching donation challenge.  Your current donations are magnified by two in support of the Litecoin Dev Team's long-term efforts on maintaining and expanding the core infrastructure of the Litecoin ecosystem.

If you appreciate my work please consider making a small donation.
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June 12, 2013, 01:17:31 AM
 #226

https://forum.litecoin.net/index.php/topic,4371.0.html
Litecoin-0.8.2-alpha1 EXPERIMENTAL TESTING NEEDED

If you appreciate my work please consider making a small donation.
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June 12, 2013, 04:33:40 AM
 #227

Another 60LTC donated on behalf of give-me-ltc.

Keep up the great work guys. Let me know if you need anything from me.


 
 
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June 12, 2013, 07:29:52 AM
 #228

downloaded and started testing , I will post feedback in case of problems. thank you


note1: i just hope that there is no risk to lose my coins.
note2: I need to download the hole block chain .
note3: it is really impressive how fast is the block chain download
note4: it took me only about 20-25 min to download the block chain. and the stratup time of the client is really impressive, I do not have to wait 5 min to launch the client any more.


I just donated another 5 LTC with the new client  Wink

edit: 0.01179505 LTC fee, is this normal ? I had a feeling that fees were lower before or am I wrong ?

http://explorer.litecoin.net/tx/d6cb990ec6b2db90f5806d1227b25520f07f2cb793e17dc276d82c1d06b71f73#o0
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June 12, 2013, 08:50:48 AM
 #229

downloaded and started testing , I will post feedback in case of problems. thank you


note1: i just hope that there is no risk to lose my coins.
note2: I need to download the hole block chain .
note3: it is really impressive how fast is the block chain download
note4: it took me only about 20-25 min to download the block chain. and the stratup time of the client is really impressive, I do not have to wait 5 min to launch the client any more.


I just donated another 5 LTC with the new client  Wink

edit: 0.01179505 LTC fee, is this normal ? I had a feeling that fees were lower before or am I wrong ?

http://explorer.litecoin.net/tx/d6cb990ec6b2db90f5806d1227b25520f07f2cb793e17dc276d82c1d06b71f73#o0

Read the FAQ.  It explains this test version exists for the purpose of confirming full compatibility with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to fee instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.

If you appreciate my work please consider making a small donation.
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June 12, 2013, 09:00:56 AM
 #230

Quote
Read the FAQ.  It explains this version is t test that it is fully compatible with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to change instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.

Sorry I missed that one, but the fee is high even for 0.6.x am i wrong ? what do you think ?
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June 12, 2013, 02:12:43 PM
 #231

So when will we actually see some products?
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June 12, 2013, 02:44:16 PM
 #232

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Read the FAQ.  It explains this version is t test that it is fully compatible with 0.6.x.  If things go well, there will be a new version of 0.6.x and 0.8.2-alpha which rolls out the new fee.

Your client paid a weird fee because if any change would be less than 0.01 LTC it automatically adds it to change instead of making a dust txo.  Bitcoin works this way too, but at a smaller threshold.

Sorry I missed that one, but the fee is high even for 0.6.x am i wrong ? what do you think ?

I had a thinko earlier.  Change smaller than 0.01 goes directly into the fee instead of becoming change.  The client does this to prevent the creation of really tiny dust.

If you appreciate my work please consider making a small donation.
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Radacoin
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June 12, 2013, 02:49:33 PM
 #233

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?
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June 12, 2013, 06:04:17 PM
 #234

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

Sorry, just bitcoins and litecoins.

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June 12, 2013, 06:19:22 PM
 #235

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   
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June 12, 2013, 09:44:11 PM
 #236

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

What the problem with other coins? as long as you can trade them in some place (like crytsy or btc-e), the developer can change them for LTC or BTC.
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June 12, 2013, 09:49:54 PM
 #237

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

What the problem with other coins? as long as you can trade them in some place (like crytsy or btc-e), the developer can change them for LTC or BTC.

Having to accept each and every coin is going to waste a lot of our time. It would be better for the donator to convert the coins to LTC and then donate them to us. Thanks.

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June 13, 2013, 02:18:34 AM
 #238

It is for this reason that we are requesting donations to help fund this development work.

Do you accept Feathercoins?

coblee is trying to be professional and kind, but let me translate : " we take only real coins here, we do not accept junk or monopoly money".   

No reason to be rude -1

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June 13, 2013, 02:23:20 AM
 #239

Can u give me the breakdown or a link that explains the current exorbitant fee of 0.1 methodology so that we know when and how this is requested\charged etc

yesterday I was tx to and from a hot wallett to cold storage and was hit 4 times with .1 Sad

even Visa & mc dont charge that much ..(well they do but come on Sad )


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June 13, 2013, 09:12:36 AM
 #240

Can u give me the breakdown or a link that explains the current exorbitant fee of 0.1 methodology so that we know when and how this is requested\charged etc

yesterday I was tx to and from a hot wallett to cold storage and was hit 4 times with .1 Sad

even Visa & mc dont charge that much ..(well they do but come on Sad )



That's from the history of "no development and no release for a year", which is one of the reasons why I joined development.  The next release drops the fee by a conservative factor.  We will monitor market conditions after that point and decide how to adjust the standard fee again.  0.8.2 also allows mining pools the freedom to adjust their acceptable fee threshold if they think they can attract more profits, but that can be hazardous to their pool if done improperly.

Please follow the Litecoin Dev Team news.  All this stuff is explained there first: https://plus.google.com/104307324656397909502/posts

If you appreciate my work please consider making a small donation.
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