[ANN] Litecoin - a lite version of Bitcoin. Launched!

[tacotime]

Something is definitely up with Litecoin the last few hours. This afternoon, my litecoin client on my workstation was making tons of connections and downloading an awful lot of data.  My P2Pool node on a different server that runs litecoind is also doing a lot of disk IO.  Not sure what to make of it, but it is abnormal.

It's a massive DoS attack, multiple pool owners are apparently reporting it now on BTC-e

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[kano]

Something is definitely up with Litecoin the last few hours. This afternoon, my litecoin client on my workstation was making tons of connections and downloading an awful lot of data.  My P2Pool node on a different server that runs litecoind is also doing a lot of disk IO.  Not sure what to make of it, but it is abnormal.

It's a massive DoS attack, multiple pool owners are apparently reporting it now on BTC-e

Ah sorry then I'm probably wrong if you only mean the LTC pools are being DDOSed
I thought that was meant as a general pool comment not just LTC.

However, for example, on BTC over the last day there have been 3 BTC pools with bad luck that I know of (including DeepBit) that means that any graph would be skewed since those graphs are based on block submission and thus can be quite inaccurate sometimes.

[Nim]

Coblee. If you're working on something can you at least let us know? I'm starting to think that litecoin has been abandoned.

I've been working on putting p2pool in the client, but I'm no longer sure if there's enough demand for that. Let me open this up. What do people think needs to be improved with Litecoin?

Well what possibilities have you looked into as far as merchants looking into accepting LTC for payment or maybe LTC merchant solutions?

He's taken on the herculean task of coding everything. Isn't that enough for one person? Instead of pushing and prodding at coblee to get things done, how about taking some of the work off his shoulders?

[01BTC10]

I dont know why but my litecoin node could not connect for a good 15min. Thought I was being DDOS'ed.

Now I get:

Code:

2012-03-16 02:50:14.519665 > Error in HeightTracker._think2:
2012-03-16 02:50:14.519749 > Traceback (most recent call last):
2012-03-16 02:50:14.519794 > Failure: twisted.internet.defer.TimeoutError: Getting http://127.0.0.1:10332/ took longer than 5 seconds.

But miners still mining...

[Cosbycoin]

Coblee. If you're working on something can you at least let us know? I'm starting to think that litecoin has been abandoned.

I've been working on putting p2pool in the client, but I'm no longer sure if there's enough demand for that. Let me open this up. What do people think needs to be improved with Litecoin?

Well what possibilities have you looked into as far as merchants looking into accepting LTC for payment or maybe LTC merchant solutions?

He's taken on the herculean task of coding everything. Isn't that enough for one person? Instead of pushing and prodding at coblee to get things done, how about taking some of the work off his shoulders?

Bro chill I'm just asking a simple question. It is hardly pushing and prodding. How bout you start doing more and stop worrying about what I'm posting and taking it out of context eh?

[ThiagoCMC]

For litecoin to live a relatively long life the algorithm should be made to NOT run on GPU's very well. However if this is done and it's kept open source I an assure you reaper will just be updated again.

This is essentially a war between the SLC backers and the LTC backers. Litecoin HAS been winning the war but with the deput of reaper (by the SLC backers) that is putting way too much LTC in the market. The price has been constantly dropping. If it wasn't for the mystery buyer that keeps buying sell orders up to .0012-.0013 on BTCE the price would be way lower.

Aside from this I only see a few things that can save litecoin.

1: Change the algorithm to be GPU hostile and change it to closed source.
2: Change the block reward to something lower.
3: Change the difficulty code so it's harder to get coins.
4: Community motivator to get projects running that support litecoin.

If none of these are done litecoin is going slowly whimper out.

Closed source?!?! You kidding right?!

No way I'll install a closed source at my computer, never.

I have only one closed source software running: AMD Catalyst.

[coblee]

I pulled the latest source from Bitcoin and also checked in a bunch of fixes to address the "Address Spam DoS" bug. The fix I put in is temporary. I'm working on a real fix, but it's going to take some time. It's really late now, so I'm going to get some sleep.

Unfortunately, I have not had the time to build any binaries. So you will need to grab it from source.

[ThiagoCMC]

Hi!

 What's going on with Litecoin?!

 I sent some Litecoins to another wallet about an hour ago and there is no confirmations.

 Here is the transaction:

Code:

    {
        "account" : "",
        "address" : "LfokzsRvaszKWRwa1eyWbvLokS9PHr7xjs",
        "category" : "send",
        "amount" : -18974.00000000,
        "fee" : -1.70000000,
        "confirmations" : 0,
        "txid" : "57d9d8257b426e0345fbc51d4140de946b0c117251c4141b5cd3a55ed6a03564",
        "time" : 1331929654
    }

 At my second wallet, the transaction does not even appear!!

 Any help?!

Thanks,
Thiago

[ragnard]

Thanks, coblee.  I've compiled it and am running the new litecoind version on my p2pool node.  Took like 30-40 minutes to load!  But, now that it is loaded it seems to be running smoothly.

What to do now with the very large .dat files?  Are they part of litecoin forever or can they be purged?

[ragnard]

At my second wallet, the transaction does not even appear!!

Thiago,

Yesterday I had a bitcoin transaction not show up in my wallet.  Blockexplorer showed it, though.  I did a bitcoind -rescan and after it ran for a few minutes, my wallet had the transaction.  With the DOS of Litecoin, perhaps your wallet just missed it and needs to rescan the blockchain.

[pooler]

Thanks, coblee.  I've compiled it and am running the new litecoind version on my p2pool node.  Took like 30-40 minutes to load!  But, now that it is loaded it seems to be running smoothly.

What to do now with the very large .dat files?  Are they part of litecoin forever or can they be purged?

addr.dat and debug.log can be safely removed. (But stop the client first!)

[ragnard]

addr.dat and debug.log can be safely removed. (But stop the client first!)

Thanks! Clearing out addr.dat sped up the loading of litecoind tremendously!

[ThiagoCMC]

Hi!

 What's going on with Litecoin?!

 I sent some Litecoins to another wallet about an hour ago and there is no confirmations.

 Here is the transaction:

Code:

   {
        "account" : "",
        "address" : "LfokzsRvaszKWRwa1eyWbvLokS9PHr7xjs",
        "category" : "send",
        "amount" : -18974.00000000,
        "fee" : -1.70000000,
        "confirmations" : 0,
        "txid" : "57d9d8257b426e0345fbc51d4140de946b0c117251c4141b5cd3a55ed6a03564",
        "time" : 1331929654
    }

 At my second wallet, the transaction does not even appear!!

 Any help?!

Thanks,
Thiago

Thank you guys!! It appear right now!!

Have no idea why it took so long...

Cheers!
Thiago

[LoWang]

Hello, somebody somewhere wrote about litecoin webminer made in JavaScript which could work as a website support by running on visitor's pcs thus possibly paying a bit to webmaster. Is anybody working on it? Did not find anything by search...

[pooler]

Hello, somebody somewhere wrote about litecoin webminer made in JavaScript which could work as a website support by running on visitor's pcs thus possibly paying a bit to webmaster. Is anybody working on it? Did not find anything by search...

I don't think there are any Javascript miners publicly available. As I've already stated before, a pure-Javascript miner would be too slow.
There's a Java-based miner, however.
https://bitcointalk.org/index.php?topic=63092.msg739670#msg739670

[ragnard]

I keep getting this error in my litecoind debug.log

getblocks 1 to 00000000000000000000 limit 500
  getblocks stopping at limit 500 60e6ccd26fc31f4da689 (108623 bytes)

litecoind is running at 100% CPU.  This is on my P2Pool node and I'm running the newest version of litecoind

{
    "version" : 60003,
    "protocolversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 101823,
    "connections" : 11,
    "proxy" : "",
    "difficulty" : 1.46600899,
    "hashespersec" : 0,
    "networkhashps" : 36177892,
    "testnet" : false,
    "keypoololdest" : 1331061018,
    "keypoolsize" : 102,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00010000,
    "errors" : ""
}

My graphs show P2Pool for litecoin total hash rate has dropped off majorly and my stales are running at about 50%.  Another DOS?

[DonChate]

I keep getting this error in my litecoind debug.log

getblocks 1 to 00000000000000000000 limit 500
  getblocks stopping at limit 500 60e6ccd26fc31f4da689 (108623 bytes)

litecoind is running at 100% CPU.  This is on my P2Pool node and I'm running the newest version of litecoind

My graphs show P2Pool for litecoin total hash rate has dropped off majorly and my stales are running at about 50%.  Another DOS?

confirmed... can't get litecoind running stable at all with the latest commit or older ones... network is messed

[ragnard]

I gave up and had to shut down litecoind.  Shame, really.  I hope it survives this attack.

[matthewh3]

My miner on litecoinpool.org is working OK 

[LoWang]

My litecoind crashed:

Code:

....
ProcessBlock: ACCEPTED
3/19/2012 01:17:12 Flushing wallet.dat
Flushed wallet.dat 31ms
askfor block 27b8b17895a54f029890   0


************************
EXCEPTION: N5boost16exception_detail10clone_implINS0_19error_info_injectorINS_6s
ystem12system_errorEEEEE
The attempted operation is not supported for the type of object referenced

K:\program\litecoind.exe in ThreadRPCServer()



************************
EXCEPTION: N5boost16exception_detail10clone_implINS0_19error_info_injectorINS_6s
ystem12system_errorEEEEE
The attempted operation is not supported for the type of object referenced

K:\program\litecoind.exe in ThreadRPCServer()

terminate called after throwing an instance of 'boost::exception_detail::clone_i
mpl<boost::exception_detail::error_info_injector<boost::system::system_error> >'

  what():  The attempted operation is not supported for the type of object refer
enced

This application has requested the Runtime to terminate it in an unusual way.
Please contact the application's support team for more information.

I use it on windows XP. Works OK after relaunching...