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Author Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched!  (Read 1463996 times)
Perp
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September 30, 2020, 07:39:31 AM
 #8021

Hello there!
For bitcoin:
difficulty = first_block_target / current_target
Is it correct for LTC? If not - how to calculate it?


More
For BTC (first block bits=0x1d00ffff)
target=
0x00000000ffff0000000000000000000000000000000000000000000000000000

for LTC if follow same way (first block bits=0x1e0ffff0)
target=
0x00000ffff0000000000000000000000000000000000000000000000000000000

That's true?

Also there in cgminer presents such code (from BTC asic driver):

static uint8_t diff_to_bits(double diff)
{
   uint64_t diff64;
   uint8_t i;

   diff /= 0.9999847412109375;
   diff *= (double)2147483648.0;
   if (diff > 0x8000000000000000ULL)
      diff = 0x8000000000000000ULL;
   /* Convert it to an integer */
   diff64 = diff;
   for (i = 0; diff64; i++, diff64 >>= 1);

   return i;
}

static double bits_to_diff(uint8_t bits)
{
   double ret = 1.0;

   if (likely(bits > 32))
      ret *= 1ull << (bits - 32);
   else if (unlikely(bits < 32))
      ret /= 1ull << (32 - bits);
   return ret;
}
I think that need to alter this line for LTC:
diff *= (double)2147483648.0; but how?

So how to adapt this code for LTC?

I'm trying to ask on different forums but no answer.
Somebody please help.
Thanks!
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October 02, 2020, 04:58:21 AM
 #8022


Well, Mimblewimble seems to be in test phase as of today (this month) 10/1/2020! (That was a pleasant surprise...I was more than a bit cynical

that boat would float, in 2020. Smiley

Also a new Blockchain RPG Game with LTC at the core, according to the Litecoin Foundation, I just found out about today. I am currently downloading the game.

It gives you an LTC Address and Private Key for the mLTC you will be tossing about in the Game. Below is the Litecoin Foundation page with the link.

https://litecoin-foundation.org/latest-news/

Here is a www.youtube.com video from I think February 2020 on an Alpha 'look' at this LiteBringer Game, the link is below.

https://www.youtube.com/watch?v=e0r0KF4ulA0

Again, right now it is downloading (in game I guess) the LTC blockchain as I type this. Would be 'great' if it was a 'decent' game to promote Litecoin!

Now if they would get that Litecoin Bank Card they have promoted on the Litecoin Foundation my entire 'skeptic' persona on this thread will be killed with

a stake though my heart! (Just saying, nothing suceeds like sucess!) Well, I'll post what I think of this LiteBringer RPG Game....please do the same on this

thread. Smiley





Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/19. It also works with Windows 10 and allows 16 bit DOS game doors on the same Win 10 Machine! Five Minute Install! Look it over uninstalls just as fast! Freeware! Full BBS System! It is a frigging hoot!:)
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October 06, 2020, 06:24:52 PM
 #8023

Not sure who will read this and whether or not it gets to the right people but I am posting this out there. Can you fork Litecoin to have infinite coins? Then put Litecoin back on the original reward level and stop halving altogether. Current governments can print money as they see fit and burn money as they see fit. Digital currencies are digital and will only run out based on computers capable of handling them. If you need to control/limit the amount of coins on the network, you can "fork" and reduce the reward level to limit the number of new coins while the system catches up(ideally, system should never need to catch up for any reason).

Same concept can be applied to all of the other coins. The most resilient and efficient coins will survive.

Real question, how long do you need to keep track of transaction history? Do you really need a transaction that happened 10 years ago in the database? If you do, is this a limitation on the performance of Litecoin?


Disclaimer: This is only an idea and thought. I won't and wouldn't know how to argue pros and cons.
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October 07, 2020, 12:47:08 AM
 #8024

Not sure who will read this and whether or not it gets to the right people but I am posting this out there. Can you fork Litecoin to have infinite coins? Then put Litecoin back on the original reward level and stop halving altogether. Current governments can print money as they see fit and burn money as they see fit. Digital currencies are digital and will only run out based on computers capable of handling them. If you need to control/limit the amount of coins on the network, you can "fork" and reduce the reward level to limit the number of new coins while the system catches up(ideally, system should never need to catch up for any reason).

Same concept can be applied to all of the other coins. The most resilient and efficient coins will survive.

Real question, how long do you need to keep track of transaction history? Do you really need a transaction that happened 10 years ago in the database? If you do, is this a limitation on the performance of Litecoin?


Disclaimer: This is only an idea and thought. I won't and wouldn't know how to argue pros and cons.


I mine TBX everyday and there is no upper limit on it.

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..OWN NOW..
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October 07, 2020, 08:25:13 AM
 #8025

Not sure who will read this and whether or not it gets to the right people but I am posting this out there. Can you fork Litecoin to have infinite coins? Then put Litecoin back on the original reward level and stop halving altogether. Current governments can print money as they see fit and burn money as they see fit. Digital currencies are digital and will only run out based on computers capable of handling them. If you need to control/limit the amount of coins on the network, you can "fork" and reduce the reward level to limit the number of new coins while the system catches up(ideally, system should never need to catch up for any reason).

Same concept can be applied to all of the other coins. The most resilient and efficient coins will survive.

Real question, how long do you need to keep track of transaction history? Do you really need a transaction that happened 10 years ago in the database? If you do, is this a limitation on the performance of Litecoin?


Disclaimer: This is only an idea and thought. I won't and wouldn't know how to argue pros and cons.


1. Sure you can make a fork and start 'printing free coins'. But as soon as you do it, you break the rules of the original chain. And so you cannot put them back into the original. The only way to 'unfork' is to discard one chain completely. You will have to convince the entire world, that your chain is the right one. Good luck Smiley If this was possible, all coins would be worthless, because everyone could just create them for free.

2. Old transactions are not really a performance issue. More of a storage issue. But yes, there is a lot going on around this. You don't need all the transactions. In fact what an active node needs is a chainstate or UTXO set (unspent transaction outputs) that is the result of all the transactions from previous blocks. Think of it like a ballance sheet or 'spendable coins'. The process of removing old transactions is called transaction pruning. Look it up.
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October 07, 2020, 12:37:42 PM
 #8026

i am surprised that news about privacy testing did not affect the price of this Litecoin coin. a must be a rocket!
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October 09, 2020, 06:47:36 PM
 #8027

Just for know: today there isn' t an asic profitable for this coin. Innosilicon A6+ is in lose with 8c$ for kw. Who mine this coin and why?
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October 11, 2020, 06:46:16 AM
 #8028

Did you try the XSN lightning DEX LTC/BTC pair? What do you think about decentralized p2p trading on lightning?

Once off-chain it’s really fast, however first, there needs to be 3 on-chain confirmations...
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October 14, 2020, 10:46:57 AM
 #8029

Happy 8th birthday Litecoin!

Happy 9th birthday Litecoin!

https://twitter.com/Chain_Bet_/status/1316326948046397440

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October 14, 2020, 03:52:17 PM
 #8030

Happy 9th birthday Litecoin!
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October 14, 2020, 11:28:32 PM
 #8031

Just for know: today there isn' t an asic profitable for this coin. Innosilicon A6+ is in lose with 8c$ for kw. Who mine this coin and why?

Do you ask if Litecoin mining is still profitable? The answer is Yes. If you have the right setup (low electricity cost + a cool environment + profitable machines) it's still profitable to mine it. As the blockchain for litecoin is still maintained, there should be enough miners to keep it up and they surely generate profit from it. Try to check the mining board in the Litecoin forum mentioned in op for better understanding where you can find the right responses to your technical asks. There is no board here in bitcointalk for altcoin mining afaik.


Happy 9th birthday Litecoin

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October 15, 2020, 10:06:34 AM
 #8032

Happy 9th birthday Litecoin!

Congratulations to the Litecoin community and team! 9 years of existence is already a solid age for cryptocurrency!
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October 15, 2020, 08:38:10 PM
 #8033

Just for know: today there isn' t an asic profitable for this coin. Innosilicon A6+ is in lose with 8c$ for kw. Who mine this coin and why?

Do you ask if Litecoin mining is still profitable? The answer is Yes. If you have the right setup (low electricity cost + a cool environment + profitable machines) it's still profitable to mine it. As the blockchain for litecoin is still maintained, there should be enough miners to keep it up and they surely generate profit from it. Try to check the mining board in the Litecoin forum mentioned in op for better understanding where you can find the right responses to your technical asks. There is no board here in bitcointalk for altcoin mining afaik.


Happy 9th birthday Litecoin
It' s very strange. With 5c$/kw the only miner profitable is the A6+ that cost 3000$ and a profit of 1.55$/day. A roe of 6 years. How is the litecoin forum? Ltctlk.org?
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October 15, 2020, 10:41:03 PM
 #8034

Just for know: today there isn' t an asic profitable for this coin. Innosilicon A6+ is in lose with 8c$ for kw. Who mine this coin and why?

Do you ask if Litecoin mining is still profitable? The answer is Yes. If you have the right setup (low electricity cost + a cool environment + profitable machines) it's still profitable to mine it. As the blockchain for litecoin is still maintained, there should be enough miners to keep it up and they surely generate profit from it. Try to check the mining board in the Litecoin forum mentioned in op for better understanding where you can find the right responses to your technical asks. There is no board here in bitcointalk for altcoin mining afaik.


Happy 9th birthday Litecoin
It' s very strange. With 5c$/kw the only miner profitable is the A6+ that cost 3000$ and a profit of 1.55$/day. A roe of 6 years. How is the litecoin forum? Ltctlk.org?

the litecointalk forum is still about

litecointalk.io

by the by.....the litecoinfoundaion's site with the LITEBRINGER RPG game on LTC blockchain ...well, it really, really, really sucks big time..sad to say

check it out yourself

https://litecoin-foundation.org/latest-news/

other than that I'm befuddled on LTC progress.....compared to other coins it seems fairly lame for years

Brad



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October 15, 2020, 10:42:46 PM
 #8035

Just for know: today there isn' t an asic profitable for this coin. Innosilicon A6+ is in lose with 8c$ for kw. Who mine this coin and why?

Do you ask if Litecoin mining is still profitable? The answer is Yes. If you have the right setup (low electricity cost + a cool environment + profitable machines) it's still profitable to mine it. As the blockchain for litecoin is still maintained, there should be enough miners to keep it up and they surely generate profit from it. Try to check the mining board in the Litecoin forum mentioned in op for better understanding where you can find the right responses to your technical asks. There is no board here in bitcointalk for altcoin mining afaik.


Happy 9th birthday Litecoin
It' s very strange. With 5c$/kw the only miner profitable is the A6+ that cost 3000$ and a profit of 1.55$/day. A roe of 6 years. How is the litecoin forum? Ltctlk.org?

You're right. I searched about the mining stuff and by doing calculations, seems it isn't profitable anymore.
Then who is actually doing mining and confirming transactions in the litecoin network !? Maybe just old miners who still use old machines.

Yes i meant litecointalk : https://litecointalk.io/
I took a look there and seems mining board isn't active too. This is strange!

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CRYPTO'S FASTEST
GROWING CASINO
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..PLAY NOW..
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October 16, 2020, 05:41:37 PM
Last edit: October 18, 2020, 02:06:46 PM by sharos
 #8036

Happy 9th birthday Litecoin!  

I'm a little late, but i can't miss to wish a borderless payment solution. Personally i give first priority to 3 cryptocurrencies for sending borderless payment. That's BTC, LTC, USDT.

Quote

Yes i meant litecointalk : https://litecointalk.io/
I took a look there and seems mining board isn't active too. This is strange!
I see litecoin Forum for first time. But, not too Active.
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October 18, 2020, 02:41:18 PM
 #8037

Happy 9th birthday Litecoin!  

I'm a little late, but i can't miss to wish a borderless payment solution. Personally i give first priority to 3 cryptocurrencies for sending borderless payment. That's BTC, LTC, USDT.

Quote

Yes i meant litecointalk : https://litecointalk.io/
I took a look there and seems mining board isn't active too. This is strange!
I see litecoin Forum for first time. But, not too Active.
LTC is one of the most popular coins for transfers between exchanges and users. This is due to the low fees and fast transaction speed. The coin is still very popular with miners and is in demand on the market.

begau
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October 18, 2020, 04:24:23 PM
 #8038

Happy 9th birthday Litecoin!  

I'm a little late, but i can't miss to wish a borderless payment solution. Personally i give first priority to 3 cryptocurrencies for sending borderless payment. That's BTC, LTC, USDT.

Quote

Yes i meant litecointalk : https://litecointalk.io/
I took a look there and seems mining board isn't active too. This is strange!
I see litecoin Forum for first time. But, not too Active.
Litecoin is 9 years old, a coin that was born after bitcoin and thrives to this day. I am also very interested in this coin but I don't pay attention to the operation of this litecointalk forum.
fastlight
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October 18, 2020, 04:54:30 PM
 #8039

Don't forget : NOT YOUR KEYS, NOT YOUR COINS !

And since a while, it's now possible to trade BTC/LTC instantly using both lightning networks with this dex :

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you can check the order book here : https://orderbook.stakenet.io/LTC_BTC

Isn't it cool ? With this dex, it's your keys...  
larceniii
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October 18, 2020, 09:44:45 PM
 #8040

That's awesome news! Is there a guide anywhere on how to get started swapping BTC/LTC?
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