MaGNeT
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Activity: 1526
Merit: 1002
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April 06, 2013, 01:20:48 PM |
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some trolls in the btc-e trollbox are saying litecoin was forked.. and there are two blockchains running? dont think this is true. how can this happen and how to prove this?
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi146.photobucket.com%2Falbums%2Fr254%2FMaGNeT76%2Fno_fork_zpse4123021.jpg&t=665&c=Xq_6gWfHCqXHkA)
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chriswen
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April 09, 2013, 01:43:23 AM |
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So, after reading this thread: https://bitcointalk.org/index.php?topic=170863.0I realized that Litecoin currently has a higher USD transaction than BTC. This is mainly due to the recent spike in price. So I was wondering if a lower minimum transaction fee was planned for the next release. Litecoin is supposed to be more suited for small transactions. Litecoin should be able to support smaller transactions because the block chain can allow for more transactions. I don't have a price in mind yet but I think this issue needs to be brought to the table and considered.
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bit-fxtrader
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April 09, 2013, 03:31:25 AM |
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is litecoin more profitable to mine then bitcoin atm given the recent btc price rise?
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creativex
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2013, 03:36:18 AM |
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is litecoin more profitable to mine then bitcoin atm given the recent btc price rise? Yes. About 70% more profitable.
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datguyian
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April 09, 2013, 03:51:01 AM |
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is litecoin more profitable to mine then bitcoin atm given the recent btc price rise? Yes. About 70% more profitable. http://dustcoin.com/miningIt looks like LTC's difficulty just spiked up a little bit. Only 60% more profitable. Still a considerable difference at the current exchange rates.
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Mashrock
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April 09, 2013, 03:58:25 AM |
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I posted in another thread but probably will get looked past. i just fired up my old bitcoin rigs to get solo some lite coins for a few months. https://i.imgur.com/ZeOLbTU.jpgis this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine. but this @ 650w isnt profitable at all..
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matauc12
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2013, 04:02:59 AM |
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I posted in another thread but probably will get looked past. i just fired up my old bitcoin rigs to get solo some lite coins for a few months. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZeOLbTU.jpg&t=665&c=yMHCOE2pXtVQ0A) is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine. but this @ 650w isnt profitable at all.. Solo mining at 1.2mhs at this difficulty... You would be lucky to get a block after 500 rejects.
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Brunic
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April 09, 2013, 04:03:12 AM |
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I posted in another thread but probably will get looked past. i just fired up my old bitcoin rigs to get solo some lite coins for a few months. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZeOLbTU.jpg&t=665&c=yMHCOE2pXtVQ0A) is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine. but this @ 650w isnt profitable at all.. Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day.
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Mashrock
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April 09, 2013, 08:09:19 AM Last edit: April 09, 2013, 08:26:00 AM by Mashrock |
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I posted in another thread but probably will get looked past. i just fired up my old bitcoin rigs to get solo some lite coins for a few months. https://i.imgur.com/ZeOLbTU.jpgis this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine. but this @ 650w isnt profitable at all.. Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day. How many H/s you getting? If my 1.2 is too low ill this a go for a week or two, and then just start using a pool if its un sussessful. i have one of my bitcoin rigs coming back soon and will get about 3.5mh/s.
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matauc12
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2013, 12:59:39 PM |
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I posted in another thread but probably will get looked past. i just fired up my old bitcoin rigs to get solo some lite coins for a few months. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZeOLbTU.jpg&t=665&c=yMHCOE2pXtVQ0A) is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine. but this @ 650w isnt profitable at all.. Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day. How many H/s you getting? If my 1.2 is too low ill this a go for a week or two, and then just start using a pool if its un sussessful. i have one of my bitcoin rigs coming back soon and will get about 3.5mh/s. He would need 20mhs to get 2/day. If he has less than that, its luck.
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peacefulmind
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April 09, 2013, 04:18:57 PM |
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I see a LOT of people complaining about fees in Litecoin-Qt.
These are early adopters on newbie forums. I understand when these were worth a few cents the fees prevented the dusting attacks - job accomplished.
Now the value of the LTC has grown to the point that sending 1 LTC makes sense, often we only want to spend $5 or so.
So if there is a 40% or 20% fee on 1 LTC in Litecoin-Qt we just drove away a new adopter and advocate for the currency, it seems worse than a scandalous bank.
PLEASE - this is a small change but REDUCE THIS FEE in light of the value change of one LTC.
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"I think you are to hung up on this notion about 'pre-mining' being a No-No." - from journeys into the dark depths of the alt coin forum....
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coblee (OP)
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Activity: 1654
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Creator of Litecoin. Cryptocurrency enthusiast.
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2013, 05:24:04 PM |
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I see a LOT of people complaining about fees in Litecoin-Qt.
These are early adopters on newbie forums. I understand when these were worth a few cents the fees prevented the dusting attacks - job accomplished.
Now the value of the LTC has grown to the point that sending 1 LTC makes sense, often we only want to spend $5 or so.
So if there is a 40% or 20% fee on 1 LTC in Litecoin-Qt we just drove away a new adopter and advocate for the currency, it seems worse than a scandalous bank.
PLEASE - this is a small change but REDUCE THIS FEE in light of the value change of one LTC.
Fees will be reduced with the next release. Thanks.
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Wekkel
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Activity: 3108
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yes
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April 09, 2013, 06:36:45 PM |
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Litecoin still has a bright future as backup payment protocol. Love to see devs working on this and business expanding.
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cdog
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April 10, 2013, 04:39:40 AM |
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Fees will be reduced with the next release. Thanks.
Great news, thanks.
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naphto
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April 13, 2013, 07:57:07 PM |
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Is it possible to create an online wallet for LTC? It is taking too much time for my computer to synchronize ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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eckmar
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Telegram: https://t.me/eckmar
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April 14, 2013, 03:20:24 AM |
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Is it possible to create an online wallet for LTC? It is taking too much time for my computer to synchronize ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) Just get a free account at https://miner.ecki.net:444 and create there your personal crypto-currency address for BTC/NMC and/or LTC. You can trade your currencies in our Exchange as well. And cashout in Euro, Thai Baht or Australian Dollar. Sunny regards from holiday island Koh Samui (Thailand), Ecki
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SnitraM
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April 20, 2013, 01:16:32 PM |
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There's a bug in litecoind version 0.6.3. It says "Error: An error occured while setting up the RPC port 9332 for listening: Cannot assign requested address" when I try starting it.
.litecoin/debug.log says: Litecoin version v0.6.3.0-g954b20c-beta () Startup time: 04/20/13 12:53:06 Default data directory /home/XXX/.litecoin Used data directory /home/XXX/.litecoin Bound to [::]:9333 Bound to 0.0.0.0:9333 Loading block index... dbenv.open LogDir=/home/XXX/.litecoin/database ErrorFile=/home/XXX/.litecoin/db.log LoadBlockIndex(): hashBestChain=12a765e31ffd4059bada height=0 Verifying last 0 blocks at level 1 block index 34ms Loading wallet... nFileVersion = 60300 wallet 204ms Loading addresses... Loaded 56 addresses from peers.dat 1ms mapBlockIndex.size() = 1 nBestHeight = 0 setKeyPool.size() = 100 mapWallet.size() = 0 mapAddressBook.size() = 1 Done loading send version message: version 60001, blocks=0, us=0.0.0.0:0, them=0.0.0.0:0, peer=127.0.0.1:0 ThreadDNSAddressSeed started Loading addresses from DNS seeds (could take a while) ThreadRPCServer started ThreadOpenAddedConnections started ThreadOpenAddedConnections exited ThreadMessageHandler started ThreadIRCSeed started Error: An error occured while setting up the RPC port 9332 for listening: Cannot assign requested address Flush(false) blkindex.dat refcount=0 ThreadRPCServer exited blkindex.dat checkpoint ThreadOpenConnections started blkindex.dat closed wallet.dat refcount=0 wallet.dat checkpoint ThreadSocketHandler started wallet.dat detach Flushed 56 addresses to peers.dat 2ms wallet.dat closed DBFlush(false) ended 2ms StopNode() ThreadSocketHandler exited GetMyExternalIP() received [X.X.X.X] X.X.X.X:0 GetMyExternalIP() returned X.X.X.X AddLocal(X.X.X.X:9333,5) ThreadMessageHandler exited ThreadIRCSeed exited ThreadOpenConnections exited 56 addresses found from DNS seeds ThreadDNSAddressSeed exited Flushed 56 addresses to peers.dat 1ms Flush(true) DBFlush(true) ended 0ms Litecoin exited
It seems it has something to do with my computer has IPv6 disabled. If I enable IPv6 it works.
bitcoind versions 0.6.3 and 0.8.1 don't have this problem.
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EskimoBob
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Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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April 20, 2013, 04:12:33 PM |
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I pulled today the latest version. Code compiles fine but now I get:
EXCEPTION: NSt8ios_base7failureE CAutoFile::read : end of file litecoin in Runaway exception
I did clean up the ./litecoin directory but I still get the same exception.
I got the same error after upgrading. I even tried clearing the .litecoin folder and re-downloading the blockchain, but kept getting the same error. I had to go back to commit 2170487 and restore the wallet from a backup. Unfortunately I haven't had the time to investigate the issue, but the problem seems to lie in one of the April 24/25 commits. EDIT: ali1234 fixed this bug today in commit dda31c7. It should now be safe to use the latest version from the GitHub repository. Note that if you have run the buggy code you will have to redownload the blockchain. rrr.. not that again ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
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EskimoBob
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Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
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April 20, 2013, 05:40:07 PM |
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I pulled today the latest version. Code compiles fine but now I get:
EXCEPTION: NSt8ios_base7failureE CAutoFile::read : end of file litecoin in Runaway exception
I did clean up the ./litecoin directory but I still get the same exception.
I got the same error after upgrading. I even tried clearing the .litecoin folder and re-downloading the blockchain, but kept getting the same error. I had to go back to commit 2170487 and restore the wallet from a backup. Unfortunately I haven't had the time to investigate the issue, but the problem seems to lie in one of the April 24/25 commits. EDIT: ali1234 fixed this bug today in commit dda31c7. It should now be safe to use the latest version from the GitHub repository. Note that if you have run the buggy code you will have to redownload the blockchain. rrr.. not that again ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) $ git pull remote: Counting objects: 7, done. remote: Compressing objects: 100% (4/4), done. remote: Total 4 (delta 3), reused 1 (delta 0) Unpacking objects: 100% (4/4), done. From git://github.com/litecoin-project/litecoin 7fd4c83..3aaa7ba master -> origin/master Updating 7fd4c83..3aaa7ba Fast-forward src/main.cpp | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-)
$ cd src/ $ make clean $ make -f makefile.unix
And it works again without re-downloading the blockchain etc.
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While reading what I wrote, use the most friendliest and relaxing voice in your head. BTW, Things in BTC bubble universes are getting ugly....
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