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

[coblee]

I am mining very smoothly , do I need to update?

I just checked in code to lock in block 4032 after diff change.
Please grab latest source. Windows client coming soon.

Windows client here: https://github.com/downloads/coblee/litecoin/litecoin-windows-client-40101.zip

Everyone please update.

Unfortunately twobits is asleep and can't help me build a windows daemon. And I only trust him to do that right now.
So for those running on the daemon, you can stay with your current binary. As long as enough people are running the new build, we should be good against an attack. Thanks.

To check to see if you are running latest client, getinfo should return version 40101.

If you don't want to get wiped out by a 51% attack, you should update. Just stop and the start the new client. You will be down just a few seconds.

Coblee,

Not meaning to be picky but you cannot update against a 51% attack. You can hard code the lock in, but that is it. The only thing that protects against a 51% attack is hash power, that's it. With your lock in you can back to a restore point basically after the 51% attack has concluded or enough miners update with a client that recognizes the proper fork only.

~BCX~

Yes, I know that. But updating to the latest lock will deter an attack that was starting on a block before the lock. So it does help. And when that happens, the chain will fork. So if enough miners get the latest code with the lock, they will be on the proper fork. And I expect eventually pools and exchanges to be on the proper fork, so there's no reason for a miner to not update their client and stay on the attacker's fork.

Since we know that hash power protects against 51% attacks, right now there's way too many orphans due to the difficulty being low. So if an attacker is building their own chain, they only need ~900mhash/s to succeed even though our current network hash rate is much higher than that. So that's why I will keep doing the locks until the difficulty catches up.

[3phase]

Well, I have but I only got one connection so far  
probably phelix which I added with connect=

also I got 16 orphans and no blocks 

Sounds like a network problem. Check cabling, reset switches/routers, do some traceroutes to US IP addresses (BTC pools e.g.) and pings as well (to check for packet loss). This kind of results says that something's wrong.

[wobber]

I want to buy Litecoins! I will offer 1 bitcoin for 5000 coins. Let's be the first to trade!

[Syberia]

How long should it take me to mine a block using the Windows client on a 2500k?  Need to see if my miner is working...

[3phase]

How long should it take me to mine a block using the Windows client on a 2500k?  Need to see if my miner is working...

Currently you need to complete on average 4.2 Mhashes. Divide by your KH/s and you get the average number of seconds to find a block.

[ElectricMucus]

Well, I have but I only got one connection so far  
probably phelix which I added with connect=

also I got 16 orphans and no blocks  

Sounds like a network problem. Check cabling, reset switches/routers, do some traceroutes to US IP addresses (BTC pools e.g.) and pings as well (to check for packet loss). This kind of results says that something's wrong.

I fixed the one connection problem,(was the manual connection in the conf) but no blocks yet.
Get a ping of 27ms to bitclockers with 15 hops. strange

[wobber]

I want to buy Litecoins! I will offer 1 bitcoin for 5000 coins. Let's be the first to trade!

Was 2000 before you edited, I'll offer 1000 @.01 BTC each.

Yes, but even 1 bitcoin for 2000 was overevaluated. Sorry, first transaction 1 btc = 5000  ltc

[johnj]

Actual trade offer:

Offering .4 btc for 400 LTC

[wobber]

Ok. I want 5000.

LE: Daaamn! 500! Five hundred!

[Syberia]

I managed to mine a block so all is well.  Though Time Warner picked today for my internet service to go out so I'm stealing my neighbor's wi-fi for the time being...

[wobber]

25b73458d438fa7b22befaa2c11a09d2256ce26549fe544d0f769554eedc2623

send litecoins to: LTKcRybcn3tTENPgLvk2fdghMZgXBQHBpd

[ElectricMucus]

So I got my first block I'm a happy camper. 

wobber: what's up with you? first you post a screenshot of a 30k+ gox account, then a thread about "when will we have new highs" 3 days ago and now you want to buy up these litecoins for a few BTC?
canttelliftrollingorjustverystupid.jpg

[wobber]

So I got my first block I'm a happy camper. 

wobber: what's up with you? first you post a screenshot of a 30k+ gox account, then a thread about "when will we have new highs" 3 days ago and now you want to buy up these litecoins for a few BTC?
canttelliftrollingorjustverystupid.jpg

Don't really follow you. Would you invest more in litecoin?

[wobber]

Who's got LTC to Sell?

List amount and price in BTC.

Didn't you have an EC or something that could mine thousands?

[ElectricMucus]

So I got my first block I'm a happy camper. 

wobber: what's up with you? first you post a screenshot of a 30k+ gox account, then a thread about "when will we have new highs" 3 days ago and now you want to buy up these litecoins for a few BTC?
canttelliftrollingorjustverystupid.jpg

Don't really follow you. Would you invest more in litecoin?

If you are asking these questions I wonder how you've got 30k btc in the first place  

[wobber]

Generating when you could do that with CPU and back when people gave for free 300 coins just because you were new.

[wobber]

Why do you want that? AFAIK you killed i0coin, ixcoin solidcoin et al.

[johnj]

I want LTC to take of

In that case, would you like to set a precedent?  I'll sell you 50 LTC for 25 BTC, silver for gold

Edit: It'd be quite the symbolic gesture.

[ElectricMucus]

Generating when you could do that with CPU and back when people gave for free 300 coins just because you were new.

In that case you should have kept the screenshot to yourself. Are you really asking for advice on what to do with them  

[wobber]

Actually it was bragging. I wanted people to see bullishness. I bought a day later about 2000 coins.