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

[MaGNeT]

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?

[chriswen]

So, after reading this thread: https://bitcointalk.org/index.php?topic=170863.0

I 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.

[bit-fxtrader]

is litecoin more profitable to mine then bitcoin atm given the recent btc price rise?

[creativex]

is litecoin more profitable to mine then bitcoin atm given the recent btc price rise?

Yes. About 70% more profitable.

[datguyian]

is litecoin more profitable to mine then bitcoin atm given the recent btc price rise?

Yes. About 70% more profitable.

http://dustcoin.com/mining

It looks like LTC's difficulty just spiked up a little bit. Only 60% more profitable. Still a considerable difference at the current exchange rates.

[Mashrock]

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.jpg

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..

[matauc12]

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.



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.

[Brunic]

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.



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.

[Mashrock]

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.jpg

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.

[matauc12]

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.



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.

[peacefulmind]

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.

[coblee]

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.

[Wekkel]

Litecoin still has a bright future as backup payment protocol. Love to see devs working on this and business expanding.

[cdog]

Fees will be reduced with the next release. Thanks.

Great news, thanks.

[¢A$HÅ]

Forum: http://forum.litecoin.net/

http://litecoin.org
http://litecoin.info

Does litecoin really not have an SSL certificate for it's official site?? wtf...

Have a look at this > http://www.makeuseof.com/tag/free-ssl-certificate/

[naphto]

Is it possible to create an online wallet for LTC?
It is taking too much time for my computer to synchronize

[eckmar]

Is it possible to create an online wallet for LTC?
It is taking too much time for my computer to synchronize

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

[SnitraM]

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.

[EskimoBob]

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 

[EskimoBob]

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 

Code:

$ 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.