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

[BitcoinPorn]

I have a design concept in mind, and would completely split the bounty if someone takes this idea and cleans it up.    Since the design of this currency is in a digital medium, I wonder if it was possible to have the coin itself by design be somewhat opaque.  Any system that is able to run litecoin most likely supports and image format that can be see through.  So the coin will have a silver hue and be able to see an L lightly, but the overall color would change based on where it is seen.  Default would be white silver.  In doing this design the coin can in fact be 'lite' even in a digital medium.



See it on black here http://imgur.com/7tVXn

ubuntu font here http://font.ubuntu.com/

litecoin.psd file here with a few background colors as well as you can see what levels of opacity I chose, because I did toy around with that http://www.mediafire.com/?01mwqdiyv01f8o3  

Again, I am not good at getting the circle design done, I think you can see I just pulled a blank coin from google images search.   Also, if someone wants to run with this concept, my final look I think needs cleaned up, but I was going with as minimalist of a design as possible, so no frills were intended with the original concept, just in case someone takes this and runs with it.

[worldinacoin]

speaking of that, terrytibbs is helping me to design a logo for Litecoin. I figure I should open it to everyone. If anyone else want to give it a try, post your logo to this thread. I will reward 100 LTC to the designer of the logo I ultimately go with. I realize 100 LTC is not a lot, but having your logo being selected is a good reward by itself.

hmm... maybe I should have premined to have coins for bounties.

I suggest a logo with a silver color.  Bitcoin is gold and there are 21 mil.  there will be 82 mil litecoins which mean their exchange rate will likely always be cheaper than BTC. Geologically there is about 15 times more mineable silver than gold.

+1 for silver in color to complement bitcoin which is Gold. 

[Matoking]

I tried to port forward the ports 9332 and 9333 through the ZyXel router, but since it has a limit of ten port forwarding settings for some reason, I tried to delete one and instead of deleting it, it gives an error. Installed a firmware that's three years newer, and instead of fixing the problem it introduces yet another issue. At this point I got a glorious message informing me I found a block and yet, after 5 minutes, I got nothing.

Yeah, this sucks.

[worldinacoin]

Same for me here, Litecoin runs great in some machines and totally cannot be connected in others even though the ports were opened.  I seemed to have seen from a forumer that he added some nodes but still trying to find out the correct way.  It is wasted that some can mine while others remain idle because of the weird connection issue.

[Matoking]

Where can I see the mining speed when using the client to mine?

EDIT:
Hmm, it shows I have 3 transactions although I only have two.

[wannaBhacker]

I'll start a seperate thread about this. But I found the problem. the artforz pushpool fork I am using isn't sending out an easy target.

I'm using the lines in his config sample:

Code:

# rewrite returned 'target' to given number of zero bits, 32 equals difficulty-1
"rpc.target.bits" : 32,

It currently is sending out 0x000000f0ff0f0000000000000000000000000000000000000000000000000000

Bitcoin 1 difficulty is 0x00000000FFFF0000000000000000000000000000000000000000000000000000

The < 1 difficulty should be less than 0x0000b01724000000000000000000000000000000000000000000000000000000


Anyone have an easy fix I can put in the config or recompile?

https://github.com/ArtForz/pushpool

As soon as I can fix the difficulty, the pool will be full speed ahead. I'll start another thread about this outside of the official litecoin one, but thought I might be able to get a quick response here.

[freequant]

I'm currently working on a JavaScript based miner for LiteCoin if anyones interested in it?
Let me know if you are.
(This means mining can be as simple as opening a webpage! Maybe pointing to the IP address of your litecoind server first, or would people prefer a pool?)

This can be a good way to monetize a web site : the visitor is running your javascript miner as long as he keeps the page open.
A few suggestions :
- allow to parametrize how long and how heavily the miner will run to avoid annoying visitors (call it periodically for a fixed amount of cycles using timer callbacks).
- allow to keep track of who mined how many shares (session identifier passed together with the results) to provide incentive, or allow browsers to mine on pools.

[terrytibbs]

Same for me here, Litecoin runs great in some machines and totally cannot be connected in others even though the ports were opened.  I seemed to have seen from a forumer that he added some nodes but still trying to find out the correct way.  It is wasted that some can mine while others remain idle because of the weird connection issue.

I tried to port forward the ports 9332 and 9333 through the ZyXel router, but since it has a limit of ten port forwarding settings for some reason, I tried to delete one and instead of deleting it, it gives an error. Installed a firmware that's three years newer, and instead of fixing the problem it introduces yet another issue. At this point I got a glorious message informing me I found a block and yet, after 5 minutes, I got nothing.

Yeah, this sucks.

I hope to have this solved in my fork of Litecoin. I fixed the pre-seed lists. If you'd like, you can grab it from my repository here: https://github.com/terrytibbs/litecoin

But then again, I'm a SCAMMER, so you might just want to wait for coblee to approve my pull request.

[coblee]

Same for me here, Litecoin runs great in some machines and totally cannot be connected in others even though the ports were opened.  I seemed to have seen from a forumer that he added some nodes but still trying to find out the correct way.  It is wasted that some can mine while others remain idle because of the weird connection issue.

I tried to port forward the ports 9332 and 9333 through the ZyXel router, but since it has a limit of ten port forwarding settings for some reason, I tried to delete one and instead of deleting it, it gives an error. Installed a firmware that's three years newer, and instead of fixing the problem it introduces yet another issue. At this point I got a glorious message informing me I found a block and yet, after 5 minutes, I got nothing.

Yeah, this sucks.

I hope to have this solved in my fork of Litecoin. I fixed the pre-seed lists. If you'd like, you can grab it from my repository here: https://github.com/terrytibbs/litecoin

But then again, I'm a SCAMMER, so you might just want to wait for coblee to approve my pull request.

I've looked over terrytibbs' code and merged it in. If you want, you can grab latest from source. Let me know if anyone needs a binary and I can generate one.

I can vouch for terrytibbs. He has helped out a lot with the Litecoin launch and hasn't asked for anything in return. Though I have not traded anything with him, I can vouch for his character.

[Matoking]

It looks like the port forwarding started to work all out of sudden now. 19 connections now.

[Ashkelon]

something very wierd just happened...

Code:

[2011-10-14 19:12:24] thread 1:
48161 hashes, 0.98 khash/sec
011-10-14 19:12:24] thread 0: 48017 hashes, 0.98 khash/sec
0.98 khash/sec
[2011-10-14 19:13:11] LONGPOLL detected new block
[2011-10-14 19:13:11] threa[2011-10-14 19:13:11] thread 1: 45931 hashes, d 0: 45
805 hashes, [2011-10-14 19:13:11] thread 2: 46012 hashes, 0.99 khash/sec
0.99 khash/sec
0.98 khash/sec
[2011-10-14 19:14:11] thread 1: 58635 hashes, 0.99 khash/sec
[2011-10-14 19:14:11] thread 2: 58738 hashes, 0.99 khash/sec
[2011-10-14 19:14:12] thread 0: 59745 hashes, 0.99 khash/sec
[2011-10-14 19:17:33] thread 1: 59628 hashes, 1.19 khash/sec
[2011-10-14 19:17:34] thread 2: 59733 hashes, 1.19 khash/sec
[2011-10-14 19:17:34] thread 0: 59745 hashes, 1.19 khash/sec
[2011-10-14 19:18:37] thread 1: 71553 hashes, 1.12 khash/sec
[2011-10-14 19:18:37] thread 2: 71679 hashes, 1.12 khash/sec
[2011-10-14 19:18:38] thread 0: 71694 hashes, 1.12 khash/sec
[2011-10-14 19:19:31] HTTP request failed: couldn't connect to host
[2011-10-14 19:19:44] thread 1: 67080 hashes, 1.00 khash/sec
[2011-10-14 19:19:45] thread 2: 67199 hashes, 1.00 khash/sec
[2011-10-14 19:19:45] thread 0: 67213 hashes, 1.00 khash/sec
[2011-10-14 19:19:45] HTTP request failed: couldn't connect to host
[2011-10-14 19:19:45] json_rpc_call failed, retry after 30 seconds
[2011-10-14 19:20:01] longpoll failed, sleeping for 30s
[2011-10-14 19:20:20] thread 2: 5071 hashes, 1.16 khash/sec
[2011-10-14 19:20:20] PROOF OF WORK RESULT: true (yay!!!)
[2011-10-14 19:20:37] thread 2: 17839 hashes, 1.08 khash/sec
[2011-10-14 19:20:37] PROOF OF WORK RESULT: true (yay!!!)
[2011-10-14 19:20:55] thread 0: 41781 hashes, 1.07 khash/sec
[2011-10-14 19:20:55] PROOF OF WORK RESULT: true (yay!!!)
[2011-10-14 19:21:13] thread 1: 60071 hashes, 1.04 khash/sec
[2011-10-14 19:21:43] thread 2: 66896 hashes, 1.01 khash/sec
[2011-10-14 19:21:45] thread 1: 31918 hashes, 1.00 khash/sec
[2011-10-14 19:21:45] PROOF OF WORK RESULT: true (yay!!!)
[2011-10-14 19:21:47] thread 1: 1972 hashes, 1.01 khash/sec
[2011-10-14 19:21:48] PROOF OF WORK RESULT: true (yay!!!)
[2011-10-14 19:21:59] thread 0: 64278 hashes, 1.00 khash/sec
[2011-10-14 19:22:11] thread 2: 27922 hashes, 1.00 khash/sec

I'm mining in the pool, i'm also very confused...


EDIT: ongoing, now at one proof of work /30s, on 1kH/s this should not be happening. I'm thinking there's something wrong with the code, either at the pool or on minerd.

[THCGroup]

I'm trying the pool, and i am getting PROOF OF WORK RESULT:  true on several shares,

but I am not seeing anything show up in the stats, and it's been some time.

Edit: I now have stats showing up in my acct.

[wannaBhacker]

Pool is back online now.

Stats are updated every 15 minutes, so check it out again. We have found about 10 blocks as of right now!



In the pool, the target is fixed, so those founds, are shares, not blocks.

[Ashkelon]

are the echoes for every block found by the pool printed on everybody's screen?

because if my little quadcore got all of these blocks by itself, i might start worshipping it a bit...

[Matoking]

If you are solo mining, PROOF OF WORK result: true means you found a block.
If you are mining in a pool, it means you've found a share, NOT a block.

[THCGroup]

Is it possible to be able to update the states every couple minutes instead of 15mins?

[wannaBhacker]

Is it possible to be able to update the states every couple minutes instead of 15mins?

For the time being, no. I need to update the stats to show round shares. This would be very limited pool hopping protection. I know the LTC is young but I don't want to penalize the other workers if someone got the idea.

[freequant]

If anyone else want to give it a try, post your logo to this thread.

Not a logo, but a tribute.
Thanks for creating LiteCoin.

[ElectricMucus]

I'm working on a logo, should be ready soon.

Will be modeled after a actual philharmonic silver coin, rendered with povray + future possibility of a webgl model
The basic coin dimensions are in, working on a import for the ubuntu font...

[ama]

Not a logo, but a tribute.

LOL LOL LOL LOL LOL  Who hated 'the chicken'?  LOL LOL LOL LOL LOL