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

[Luceo]

Got it to work, had to set fpermissive.

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[coblee]

Is the litecoin development still active? I believe the lastest commit was like three months ago.

I'm working on getting the latest Bitcoin fixes into Litecoin. Stay tuned.

[Tachikoma]

Ok guys I have a problem.

I have a significant amount of coins in my wallet. The problem is it seems to be bugged.

When ever I try to create a new receiving address or send a transaction the app crashes.

Today I  installed Litecoin on my other computer, got my wallet from my original pc and let it catch up but the same thing is happening. Whenever I try to do something other then receiving coins the whole app crashes.

Is there anything else I can try? 

[bulanula]

Ok guys I have a problem.

I have a significant amount of coins in my wallet. The problem is it seems to be bugged.

When ever I try to create a new receiving address or send a transaction the app crashes.

Today I  installed Litecoin on my other computer, got my wallet from my original pc and let it catch up but the same thing is happening. Whenever I try to do something other then receiving coins the whole app crashes.

Is there anything else I can try? 

Yes, send from CLI interface using litecoind and skip the QT GUI buggy crap.

https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_Calls_list

If I helped, consider giving a tip : 15uxVpSgWtfQ25ae6YYxG3US3eWRpYqKkp

Thanks !

[Tachikoma]

Code:

error: {"code":-1,"message":"ReserveKeyFromKeyPool() : read failed"}

At least that gave me a readable error

Fixed it by calling keypoolrefill, not sure why that was needed, seems logical the app does that itself.

[interlagos]

It just struck me that at 4x higher block rate and 1mb per block limit for both chains the Litecoin network should be able to handle 4x more transactions than Bitcoin before hard fork is required!

So not only Litecoin transactions are faster to confirm, it has 4x more throughput in terms of cleaning the backlog of unconfirmed transactions. Add to this ASIC resistant hashing algorithm, fairer original coin distribution and now I see why they call Bitcoin an experiment. It's simply cleaning up the road for the Litecoin!!!

* Ok not sure if serious or just trolling

[TravisE]

I've also been frequently getting the “transaction creation failed” error when trying to send large numbers of Litecoin from p2pool transactions. Had to read up on this thread to figure out what the heck was going on. I looked at the debug.log but don't really know what I would be looking for. It doesn't help that there are absolutely no timestamps in that log so I would even know where to find the point where I was having the problem.

Sending multiple batches of smaller amounts at a time usually works. However, the GUI is not doing its job. A unhelpful and practically useless error like that gives a user absolutely no idea what went wrong or how to solve it. So I would suggest that a more understandable error message with possible solutions be used instead, or better yet, the UI should offer to automate some tasks like consolidating coins in the wallet so the user never even has to deal with it.

[ChiangYay]

Hi,

I'm sorry if I'm out of topic.
I'm new to mining just started to mine with a BFL Single.
Since the usage of CPU is minimal I would like to know if I can mine simultaneously Bitcoin and Litecoin installing a Litecoin software for Windows 7 32 bit 2 quad CPU, dedicating one quad for Litecoin.

Any suggestion would be appreciated.

Regards,

ChiangYay

[kano]

If you use cgminer to mine the BFL single it will use less than 1% of a single CPU

(... well on my Linux cgminer with 1 BFL and 1 GPU 6950, it uses less than 1% of a single down clocked to 1.2GHz CPU of my i3 540 CPU pair)

You can then use 7 of the 8 CPU's Litecoin mining with some other program and not be concerned at all.

Using the 8th CPU may or may not affect it - try it out.

[interlagos]

Is the litecoin development still active? I believe the lastest commit was like three months ago.

I'm working on getting the latest Bitcoin fixes into Litecoin. Stay tuned.

Coblee, since you're adding latest Bitcoin fixes, might be worth integrating the one which optimizes block propagation time.
I think it's called "signature verification cache" and was added into 0.6.3 by Gavin.

Maybe it's not critical for Litecoin now, but considering the higher block rate and how slowly people upgrade their clients,
it's likely that Litecoin will face this problem sooner than later, so better start preparing now!

[smoothie]

Is the litecoin development still active? I believe the lastest commit was like three months ago.

I'm working on getting the latest Bitcoin fixes into Litecoin. Stay tuned.

Coblee, since you're adding latest Bitcoin fixes, might be worth integrating the one which optimizes block propagation time.
I think it's called "signature verification cache" and was added into 0.6.3 by Gavin.

Maybe it's not critical for Litecoin now, but considering the higher block rate and how slowly people upgrade their clients,
it's likely that Litecoin will face this problem sooner than later, so better start preparing now!

+1

Gotta stay on top of it

[SgtSpike]

Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?

[PinkBatman]

Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?

At todays exchange it looks like you can make about $0.14usd per day mining 24/7, but that fluctuates a lot. However if you think that litecoin prices will increase it is a good way to get some coins early before ASICs drive GPUs to LCT mining (which I believe will hapen at some point).

You can also mine in the background while you are on your PC or set it up to mine while the computer is idle.

[jjiimm_64]

Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?

I am wondering the same thing, I have not mined litecoins since Nov,2011.  I am sure the mining software has been upgraded too.  Anyone know the best cpuminer out there?

[PinkBatman]

Anyone know the best cpuminer out there?

Here you go

Edit:

Also here are the hardware stats

[smoothie]

Anyone know the best cpuminer out there?

Here you go

Edit:

Also here are the hardware stats

Has this been updated recently?

[PinkBatman]

Has this been updated recently?

All of my hardware is up-to-date on the list (3gpus, 6cpus), I think they should all be pretty close still.

[SgtSpike]

Thanks.  All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s.  And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month.  Not worth it!

But thanks for the response. 

[coblee]

There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

[interlagos]

There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.