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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 784516 times)
LoWang
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May 30, 2012, 07:14:14 AM
 #1661

Where is Coblee? Just check his profile and you will see he is all over this forum, just not intersted in LTC apparently!  Sad Why don't you send him a PM? I did... And I have not seen him write anything to #litecoin on IRC for months, have you?

It's true that I'm not spending a lot of time developing Litecoin, but I'm still here. I'm trying to see if I can get the github.com/litecoin repository and refork the current bitcoin code and patch in the litecoin changes.
Fordy has been helping me a lot with submitting patches, but there's not much interest from developers in working on Litecoin. If you are interested in helping out, let me know. I definitely need help reforking, patching, and testing the new code.

Thanx Coblee, good news Smiley
I'll keep testing new versions, when they show up in git.

Litcoin users,  if you have ideas how to improve the LTC, please post your ideas to https://bitcointalk.org/index.php?topic=76636.msg850675#msg850675

Don't be shy to copy good ideas from other coins Wink


This topic should be put into the first post of this thread!
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ThiagoCMC
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May 30, 2012, 07:07:57 PM
 #1662

Whats going on with my Litecoin?

Code:
# ~/litecoin/src/litecoind getbalance
4270.75610502
$ ~/litecoin/src/litecoind sendtoaddress MY_LTC_ADDRESS 4000.0
error: {"code":-4,"message":"Error: Transaction creation failed  "}

my litecoin source code is already up-to-date...

Thanks!
Thiago

So, I "lost" my Litecoins ?!

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May 30, 2012, 07:24:24 PM
 #1663

Whats going on with my Litecoin?

Code:
# ~/litecoin/src/litecoind getbalance
4270.75610502
$ ~/litecoin/src/litecoind sendtoaddress MY_LTC_ADDRESS 4000.0
error: {"code":-4,"message":"Error: Transaction creation failed  "}

my litecoin source code is already up-to-date...

Thanks!
Thiago

So, I "lost" my Litecoins ?!

It may be transaction spam. Have you tried sending a smaller amount?
If you paste your debug.log output, that would help.

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May 30, 2012, 11:09:13 PM
 #1664

Is there any chance that litecoin can be changed to again be GPU hostile?

I'm into creating universes, smiting people, writing holy books and listening to prayers.
If you want your prayers answered, you must donate to 1CDyx8AUTiYXS1ThcBU3vy4SJWQq6pdFMH
bulanula
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May 30, 2012, 11:10:56 PM
 #1665

Is there any chance that litecoin can be changed to again be GPU hostile?

This would be a BRILLIANT idea IMHO !

Let's do it, coblee !
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May 31, 2012, 06:05:22 AM
 #1666

Whats going on with my Litecoin?

Code:
# ~/litecoin/src/litecoind getbalance
4270.75610502
$ ~/litecoin/src/litecoind sendtoaddress MY_LTC_ADDRESS 4000.0
error: {"code":-4,"message":"Error: Transaction creation failed  "}

my litecoin source code is already up-to-date...

Thanks!
Thiago

So, I "lost" my Litecoins ?!

It may be transaction spam. Have you tried sending a smaller amount?
If you paste your debug.log output, that would help.

I don't know anymore... I hear that thing about transaction spam loooong time ago... So, I upgrade my litecoind to solve this, because people tell me to upgrade to solve the spam problem...
This litecoind with problem have only 1 use, with my P2Pool node...
Fresh install with latest code, used only with P2Pool... Spammed too?!

:-/

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May 31, 2012, 06:09:37 AM
 #1667

Whats going on with my Litecoin?

Code:
# ~/litecoin/src/litecoind getbalance
4270.75610502
$ ~/litecoin/src/litecoind sendtoaddress MY_LTC_ADDRESS 4000.0
error: {"code":-4,"message":"Error: Transaction creation failed  "}

my litecoin source code is already up-to-date...

Thanks!
Thiago

So, I "lost" my Litecoins ?!

It may be transaction spam. Have you tried sending a smaller amount?
If you paste your debug.log output, that would help.

I don't know anymore... I hear that thing about transaction spam loooong time ago... So, I upgrade my litecoind to solve this, because people tell me to upgrade to solve the spam problem...
This litecoind with problem have only 1 use, with my P2Pool node...
Fresh install with latest code, used only with P2Pool... Spammed too?!

:-/

How many litecoins do you get when p2pool finds a block? How many p2pool transactions have you received?
p2pool transactions can be mistaken as transaction spam if the amount is too small.

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May 31, 2012, 06:11:12 AM
 #1668

I earn about ~1.7464 LTC when a block is found.
Anyway, I was able to send 1000.00 LTC now...
Thanks!

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May 31, 2012, 06:18:31 AM
 #1669

I earn about ~1.7464 LTC when a block is found.
Anyway, I was able to send 1000.00 LTC now...
Thanks!

I assume this was you: http://abe.liteco.in/tx/4bb8fced6d36f7859bf529984b8907151950f53c7fa38287f58d9cf7a66ee506
As you can see, because you had so many p2pool transactions, it required 115 inputs to send out 1000 LTC. The transaction size was large and required a large fee. That's one of the disadvantages of p2pool.
The client probably had trouble creating a 4000 LTC transaction with >400 inputs. debug.log would probably tell you why. Your best bet is to consolidate your coins into 1000 coins and then combine them into 4000 if you need to.

Fuzzy
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May 31, 2012, 07:09:55 AM
 #1670

Is there any chance that litecoin can be changed to again be GPU hostile?

Confidence in Litecoin took a huge blow when it turned out that GPUs were in fact better suited for mining than CPUs, which completely contradicted what the developers claimed at launch.

CPU dominance was the primary reason for my interest and investment in Litecoin, and I had great plans for it. That is no longer the case. I will be holding on to my litecoins, though I am now waiting for a true CPU only Crypto-Currency to take it's place.

The issue was mitigated at the time by the fact that it was still better to mine Bitcoins and buy litecoins with them, rather than mine LTC via GPU directly. But LTC has officially been thrown into the ring with BTC, and if the exchange is any indication, the outlook is grim. You could literally halve it's trading value right now with a few hundred dollars.

If it is to survive, it will need a "killer feature" and serve an actual purpose.

I don't want to discourage people, but I think the litecoin devs need a prod and a wakeup. Litecoin still has a healthy network of hashing power, and is in a good position to make a recovery, given the right changes.

I am not a developer by any stretch, but with the coming of FPGAs and ASICs onto the Bitcoin scene, coupled with the reward split, there are going to be a lot of Ex-Bitcoin GPUs floating around, and I bet a fair number will find their way onto the Litecoin Network.

This may be when Litecoin becomes the "silver" to bitcoin, but there are so many assumptions there, the outlook is a complete wash.

Personally, I would like to see the Litecoin decimal move 1 digit to the right ( for a limit of 840,000,000 coins) as I don't believe a mere "4x BTC limit" is going to be enough if LTC becomes a "cash" to Bitcoins "Gold".

Having a reward drop of 10% per 10% "remaining coins mined" would also be a great improvement over bitcoins 50% drop per 50% "remaining coins mined".

However, GPU hostility is impossible to do with Litecoin, as that sort of change would create a whole new chain/network.
Cosbycoin
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May 31, 2012, 06:52:55 PM
 #1671

Is there any chance that litecoin can be changed to again be GPU hostile?

Confidence in Litecoin took a huge blow when it turned out that GPUs were in fact better suited for mining than CPUs, which completely contradicted what the developers claimed at launch.

CPU dominance was the primary reason for my interest and investment in Litecoin, and I had great plans for it. That is no longer the case. I will be holding on to my litecoins, though I am now waiting for a true CPU only Crypto-Currency to take it's place.

The issue was mitigated at the time by the fact that it was still better to mine Bitcoins and buy litecoins with them, rather than mine LTC via GPU directly. But LTC has officially been thrown into the ring with BTC, and if the exchange is any indication, the outlook is grim. You could literally halve it's trading value right now with a few hundred dollars.

If it is to survive, it will need a "killer feature" and serve an actual purpose.

I don't want to discourage people, but I think the litecoin devs need a prod and a wakeup. Litecoin still has a healthy network of hashing power, and is in a good position to make a recovery, given the right changes.

I am not a developer by any stretch, but with the coming of FPGAs and ASICs onto the Bitcoin scene, coupled with the reward split, there are going to be a lot of Ex-Bitcoin GPUs floating around, and I bet a fair number will find their way onto the Litecoin Network.

This may be when Litecoin becomes the "silver" to bitcoin, but there are so many assumptions there, the outlook is a complete wash.

Personally, I would like to see the Litecoin decimal move 1 digit to the right ( for a limit of 840,000,000 coins) as I don't believe a mere "4x BTC limit" is going to be enough if LTC becomes a "cash" to Bitcoins "Gold".

Having a reward drop of 10% per 10% "remaining coins mined" would also be a great improvement over bitcoins 50% drop per 50% "remaining coins mined".

However, GPU hostility is impossible to do with Litecoin, as that sort of change would create a whole new chain/network.

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.
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May 31, 2012, 07:32:33 PM
 #1672

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
LoWang
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May 31, 2012, 07:37:47 PM
 #1673


You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

I believe you meant "mining litecoins is not profittable" Sad
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May 31, 2012, 08:34:41 PM
 #1674


You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

I believe you meant "mining litecoins is not profittable" Sad

That was in response to a post bout "mining litecoins"....i figured it was obvious what I was talking about.
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May 31, 2012, 08:36:05 PM
 #1675

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

Uhh if I mine bitcoin with my dual core processor I might get 2 mh/s

With a HD Radeon 6990 I get about 680 Mh/s

So you do the math.......

The difference is much more than 20x as you claim.
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May 31, 2012, 09:21:31 PM
 #1676

Is there any chance that litecoin can be changed to again be GPU hostile?

This would be a BRILLIANT idea IMHO !

Let's do it, coblee !

+1

LOL now there would be a semi-early adopter status if you mined with GPUs before the new update to be GPU hostile.
LoWang
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May 31, 2012, 09:47:42 PM
 #1677


You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

I believe you meant "mining litecoins is not profittable" Sad

That was in response to a post bout "mining litecoins"....i figured it was obvious what I was talking about.

I got it, but you did not get my sarcasm :-] I guess you don't sell LTC much do you? Wink
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May 31, 2012, 09:49:02 PM
 #1678

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

Uhh if I mine bitcoin with my dual core processor I might get 2 mh/s

With a HD Radeon 6990 I get about 680 Mh/s

So you do the math.......

The difference is much more than 20x as you claim.

But then you are comparing a low-end CPU with a high-end GPU (well, actually a card with 2 high-end GPUs).

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

The BTC/LTC speed ratio is about 1000:1 for GPUs, but only about 500:1 for CPUs, i.e., CPUs are still two times more efficient than GPUs when it comes to scrypt.

BTC: 15MRTcUweNVJbhTyH5rq9aeSdyigFrskqE · LTC: LTCPooLqTK1SANSNeTR63GbGwabTKEkuS7
The Koolio
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May 31, 2012, 10:21:47 PM
 #1679

Hi guys, Ive had my rig pointed at bitcoin for a long time an wanted to shift to litecoin. Unfortunatley no matter what I do I cant get a simple 5870 xfx to work. All i get is error 6 cant connect etc... I have been running reaper... not one pool or solo mining thing will get me to work. Any ideas what i could be missing with this. I have tried a couple of pools but no luck.

btw anyone wants to see my rig: http://www.youtube.com/watch?v=TBXBB5sy5sA

1. Litecoin 2. Bitcoin 3. Any of the Anon coins
The Koolio
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May 31, 2012, 11:41:54 PM
 #1680

Sad

http://tinypic.com/r/vnd0cp/6

1. Litecoin 2. Bitcoin 3. Any of the Anon coins
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