[ANN] LitecoinPLus wallet update - PoW added

[Spidersbox]

Hi dev,

Any good news about new exchanges?

we have a small list in the exchange channel on Discord  https://discord.gg/vfqj4vF

[manofseven]

Hi dev,

Any good news about new exchanges?

we have a small list in the exchange channel on Discord  https://discord.gg/vfqj4vF

Visited and voted...LCP need some big movement and a good adv team to rise up. Such a high potential coin does not deserve current situation it deserves better

[egyptianbman]

I have a question:

When I run getinfo, I get:
"balance": 276.84027

However, when I run listaccounts, I get:
"": 774.943208

I see a lot of STAKE tx coming in but they don't seem to be affecting my balance. I'm not sure where those coins are exactly. I appreciate any insight you can provide, thanks!

It seems that a lot of coins have broken implementations of the accounting system and give incorrect output with listaccounts. I think it is one of the reasons why it is deprecated in latest bitcoin.

The results from getinfo and getbalance are reliable, use these to see your balance, listaccounts is probably broken in litecoinplus wallet.

HTH

[1] https://github.com/bitcoin/bitcoin/issues/6042
[2] https://bitcoin.stackexchange.com/questions/63207/unexpected-result-after-calling-rpc-listaccounts-getaccountaddress-getrec/63210#63210

The only strange thing is that I do see stake tx coming in. This tells me that listaccounts is reporting the correct total, while the others are one. I've even noticed getinfo drop in total -- with no outgoing tx. listaccounts is the only one that is accounting for the stake incoming tx.

[kp5389]

Is there any exchange listed other than discord?

[meri21]

››› Windows • MAC OS X  • Boostrap •  Source Code ‹‹‹

https://cdn.discordapp.com/attachments/393947381609005056/434267635572801556/logo_bitcoin_talk.png

https://cdn.discordapp.com/attachments/393947381609005056/434276567032791040/weblogo.pnghttps://cdn.discordapp.com/attachments/420230102954278914/434270966621929472/unknown.pnghttps://cdn.discordapp.com/attachments/393947381609005056/434272522112860161/unknown.pnghttps://cdn.discordapp.com/attachments/393947381609005056/434275644281716736/instagram-colourful-icon_1.pnghttps://cdn.discordapp.com/attachments/393947381609005056/434275354128154624/discord-logo-icone_1.pnghttps://cdn.discordapp.com/attachments/430747022929297438/434297157756125184/telegram.png

Founded in 2014 and initially developed as a Scrypt PoS coin, LitecoinPlus (LCP) effectively iterates on Litecoin's robust foundations with a host of important functional enhancements, enabling to focus on both security and sustainability of the ecosystem.
The decision to use PoS, which is intrinsicly a green algorithm (i.e. computationally not intensive), serves to future-proof the coin against debilitating energy requirements inherent in mass adopted PoW coins such as Bitcoin.
LCP was subsequently upgraded to a PoW/PoS hybrid, bolstering resistance to attack compared to coins that utilise PoW or PoS exclusively as well as empowering users with flexibility in how new coins are minted.
Low coin supply and healthy ratio of outstanding to total supply position LCP favourably with respect to long term stability and ultimately as a viable next generation commodity and store of value.

  Specifications

• Scrypt Proof of Stake / Proof of Work hybrid
• Max supply: 4.000.000 (4 million)
• Transaction Time: 30 seconds
• Reward started at 2 LCP per block
  Reduced by 0.25 LCP every 200,000 blocks down to a minimum of 0.25 LCP.
  Projected 10+ years to fully mint total supply

   Pools

• CoinCave
• ZergPool
• MineLCP
• Mining-Dutch
• MyAltcoinMinning
• CoinCave

     Pos Information

• Interest rate (15% annually)
• Minimum age (6 hours)
• Maximum age (30 days)

       Sample configuration

      rpcuser=username
      rpcpassword=password
      rpcallowip=127.0.0.1
      rpcport=44350
      port=44351
      gen=0
      server=1
      addnode=

   Exchange
    Cryptopia
    CryptHub
    CoinsNow
    AllTrade

   Support

We have a 24 hour support, just visit our community and ask your question directly with one of our developers.

   Road Map

https://cdn.discordapp.com/attachments/420230102954278914/432141736463040522/versaofinal.jpg

[harbet.robison]

Good luck to all developers !

[fsh457]

This coin has a bright future.
Maybe we all should talk to people around us to make sure they don't miss a great investment opportunity.

A few 10s or 100s dollars won't make anyone poor ... but can make some very tich

[fsh457]

Hi,

Could please anyone inform us when the last coin will be mined? (dev please  )

I think as lots of coin still left unmined some investor are hesitant to put a good money into this! (I can be wrong!)

Thanks

[Spidersbox]

Hi,

Could please anyone inform us when the last coin will be mined? (dev please  )

I think as lots of coin still left unmined some investor are hesitant to put a good money into this! (I can be wrong!)

Thanks

start reward at 2 and reduce by .25
1)200,000 at 2    = 400,000
2)200,000 at 1.75 = 350,000
3)200,000 at 1.5  = 300,000
4)200,000 at 1.25 = 250,000
5)200,000 at 1    = 200,000
6)200,000 at .75  = 150,000
7)200,000 at .5   = 100,000
                 ---------
                 1,750,000  1.3 years
then the final reduction to .25 LCP
That takes us roughly to half way to the cap of 4,000,000

2 blocks a minute at 1,140 minutes in a day 2,280 blocks a day
2,280  at .25 is 570 LCP created
2,000,000 by 570 is 3,500 days (9.6 years)

so over 9 years to get half way

[fsh457]

Thanks mate

[fsh457]

Anyone knows what just happened?

I am sure it wasn't because of my previous comment LOL

[giantkin]

Is there any exchange listed other than discord?

Discord isnt an exchange. its a Chat Tool....     they say they have a LIST of exchanges on the discord channel.

[Spidersbox]

https://www.cryptopia.co.nz/Exchange/?market=LCP_BTC
https://coinsmarkets.com/trade-BTC-LCP.htm
https://cryptohub.online/market/LCP/
https://alltrade.center/
http://coinsnow.in/
https://www.troca.ninja/
 https://novaexchange.com/market/BTC_LCP/

[MiningPoolGroup]

ITS A BEAUTIFUL DAY TO MINE SOME LITECOIN PLUS!

Come join us at:

MineLCP.com

PRICE IS GOING UP!

Join The Group

https://i.imgur.com/sqHU3Ay.jpg

CGMiner  Diff. 1000 - 50000

Code:

./cgminer --scrypt -o stratum+tcp://minelcp.com:3400 -u Weblogin.WorkerName -p WorkerPassword

CGMiner  Diff. 50000 - 500000

Code:

./cgminer --scrypt -o stratum+tcp://minelcp.com:3410 -u Weblogin.WorkerName -p WorkerPassword

[kurbeks]

Hash-to-coins.com also added LCP.

[fsh457]

Hi,

Does it help to get more coins from staking if you create - for example - 10 different addresses in your wallet and put some coins in each address?
Or really doesn't matter?

Thanks

[Spidersbox]

Hi,

Does it help to get more coins from staking if you create - for example - 10 different addresses in your wallet and put some coins in each address?
Or really doesn't matter?

Thanks

staking wise, it doesn't really matter - except the amount of coins will be split up in smaller groups, and you will loose  a few sats because there are only 8 decimal places.

Also keep in mind that when a block of coins stake, it is split in two (then again, then again ...)
You will want to use the coin control to regroup them into larger blocks of coins.

Coin Control 'How To' Document

First the reasons for using coin control

When you successfully stake a block of coins, the block is split into two blocks.
Eventually, the blocks will become so small, the stake reward will be 0
(there are only 8 decimal places)

So you will want to recombine them to larger blocks (or just one block)
to do that, you select the small blocks, and send them to yourself (your receive address) so it becomes 1 block.

Coin control is located on the "send coins" tab
You should see a "Inputs.." button
 - if you don't see the inputs button, you need to change the setting s to show it.
 - click settings, options - then the Display tab. Check the box to Display coin control features.

On the Send coins tab, click the Inputs button.
A new form will open - check the circle (radio button) for List mode.

Now you can see all of your blocks of coins

select which blocks you want (I just start at the bottom)
as you select blocks - the Byte count will go up - if it turns red, you have to many - unselect a few

you will have to decide how big you want your blocks.

Once you have your blocks selected, click ok

Copy your address from the "Received coins" tab, and paste it into the "Pay to:" box
fill out the amount - and click send

[TimBuck2]

Thanks for that info on the Coin Control feature. I could have used something like that on my Nano S hardware wallet at one time when I received a boatload of dust from DGB P2Pool mining and it messed things up so bad I had a huge amount of trouble trying to get my coins out of the wallet.

I have a question about staking in LCP though. When I hover over the arrow it pops up with the following:

Staking.
Your weight is xx
Network weight is xxxxx
You have a 50% chance of producing a stake in 2 day(s).

Is staking something like a lottery? I had read that staking was 15% but it would seem by the statement made that it 'could' be 15% or maybe not.

If there is a link that details better how that works then I would be interested in reading it and save you from having to explain it all here.

Also. as it relates to how the wallet would interact with a mining pool, would Peercoin be close to LCP in getting blocks and RPC interaction?

This would be a coin definition in a particular mining software for Peercoin:

Code:

{
    "name": "Peercoin",
    "symbol": "PPC",
    "algorithm": "sha256",
    "site": "http://peercoin.net/",
    "blockExplorer": {
        "block": "https://abe.peercoinexplorer.net/block/",
        "tx": "https://abe.peercoinexplorer.net/tx/",
        "address": "https://abe.peercoinexplorer.net/address/"
    },
    "options": {
		"isProofOfStakeHybrid": true,
		"blockTemplateModeRequired": true,
		"useDefaultAccount": true
    }
}

Disregard the sha256 algo of course. Does that seem to make sense to how the LCP wallet works? If not, what would be a coin that is closest to LCP in RPC mining interface and requirements for coin definition?

[Spidersbox]

lcp is a clone of litecoin, so it would be the closest.
stake is coded at 15% annual
if you were to leave your coins in your wallet, and leave your wallet open to stake 24/7 you should see around 15% in one year.
Now, there are a few things that come into play.

Coin Control 'How To' Document

First the reasons for using coin control

When you successfully stake a block of coins, the block is split into two blocks.
Eventually, the blocks will become so small, the stake reward will be 0
(there are only 8 decimal places)

So you will want to recombine them to larger blocks (or just one block)
to do that, you select the small blocks, and send them to yourself (your receive address) so it becomes 1 block.

Coin control is located on the "send coins" tab
You should see a "Inputs.." button
 - if you don't see the inputs button, you need to change the setting s to show it.
 - click settings, options - then the Display tab. Check the box to Display coin control features.

On the Send coins tab, click the Inputs button.
A new form will open - check the circle (radio button) for List mode.

Now you can see all of your blocks of coins

select which blocks you want (I just start at the bottom)
as you select blocks - the Byte count will go up - if it turns red, you have to many - unselect a few

you will have to decide how big you want your blocks.

Once you have your blocks selected, click ok

Copy your address from the "Received coins" tab, and paste it into the "Pay to:" box
fill out the amount - and click send

--------------------

staking is your wallet mining.
when you find a block - the reward is the stake amount -
you are competing with other wallets staking (mining for a block)
the first wallet that finds it, gets the reward, then all wallets (that are staking) move on to the next block
so there is a bit of luck involved also, but it all averages out after a while

[TimBuck2]

Thank you for that explanation.

just by coincidence, after I posted this question I received a stake reward and I understand what you said because it only had a portion of my total balance listed in Stake: while the tx was confirming. Once confirmed it added the stake balance back to my total balance.

As far as that second part of my question about coin configuration; you might remember I was talking with you on Discord the other evening about CoiniumServ and mining and trying to get the solved blocks recognized by CoiniumServ and into the DB.

It does mine and I receive the entire 1.75 LCP in my wallet when I solve a block but it is not being recognized by CoiniumServ for some reason and that is what I was trying to figure out. I am trying this configuration now and just waiting to hit another block to see if it works.

Code:

{
    "name": "LiteCoinPlus",
    "symbol": "LCP",
    "algorithm": "scrypt",
    "site": "http://litecoinplus.co/",
    "blockExplorer": {
        "block": "http://lcp.altcoinwarz.com:3004/block/block.dws?",
        "tx": "http://lcp.altcoinwarz.com:3004/tx/tx.dws?",
        "address": "http://lcp.altcoinwarz.com:3004/address/address.dws?"
    },
    "options": {
		"isProofOfStakeHybrid": true,
		"blockTemplateModeRequired": true,
		"useDefaultAccount": true,
		"txMessageSupported": true,
		"SubmitBlockSupported": true	
    },
	"node": {
        "magic": "cefbfadb",
        "testnetMagic": "cdf1c0ef"
    }
}

I don't know if any of that bottom section seems to ring a bell as it relates to the source for LCP. I have browsed through it a bit but not thoroughly. Of course, I am not a coder either so it would just about all be greek to me.

Thanks. See you on Discord.


             - Buffalo