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

[pennytrader]

ozco.in is a great pool. I like it.

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[worldinacoin]

I would keep the Litecoins like the Bitcoins, mined and keep, never sell.

[coblee]

Thanks everyone for being so supportive of Litecoins!

I said this in the first post last week:

Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

I'm pleasantly surprised that this has already come true in the first week! We now already have:
 - a nice homepage (thanks to terrytibbs): http://litecoin.org
 - 3 pools (that I know of): http://litecoinpool.dyndns.org/ https://lc.ozco.in/ http://pool-x.it.cx/
 - an exchange (with another coming soon): https://btc-e.com/exchange/ltc_btc
 - a block explorer: http://blockexplorer.sytes.net/chain/Litecoin
 - some kick ass graphs: http://litecoin.kicks-ass.org/graphs/graphs.html
 - a Litecoin lottery site: https://btclot.com/ltc/

All this, and I didn't have to pay a single bounty!

[Party Hard]

Thanks everyone for being so supportive of Litecoins!
I'm pleasantly surprised that this has already come true in the first week! We now already have:
 - a nice homepage (thanks to terrytibbs): http://litecoin.org
 - 3 pools (that I know of): http://litecoinpool.dyndns.org/ https://lc.ozco.in/ http://pool-x.it.cx/
 - an exchange (with another coming soon): https://btc-e.com/exchange/ltc_btc
 - a block explorer: http://blockexplorer.sytes.net/chain/Litecoin
 - some kick ass graphs: http://litecoin.kicks-ass.org/graphs/graphs.html
 - a Litecoin lottery site: https://btclot.com/ltc/

All this, and I didn't have to pay a single bounty!

Rock on Coblee! Hey, are you thinking of starting a pool? I'd think about join yours. The ones available now are OK, but still lacking - probably just too new for all the features.

[michaelmclees]

All this, and I didn't have to pay a single bounty!

Of course you didn't have to pay a bounty!  Get people motivated about the coin and they'll contribute to it for free; premine it for all its worth and everyone will have their hand out.

[BitcoinPorn]

So NOW we know why everyone is selling their BTC -- to buy LTC.

http://www.reddit.com/r/Bitcoin/comments/lf205/litecoin_ltc_cpu_based_mining_pools_exchanges/

[ElectricMucus]

So NOW we know why everyone is selling their BTC -- to buy LTC.

http://www.reddit.com/r/Bitcoin/comments/lf205/litecoin_ltc_cpu_based_mining_pools_exchanges/

Well not yet, couple of guys are busy on the BTC-E exchange spreading LTC FUD. (Well sort of)

If I knew this was happening I wouldn't have gone in so soon but no way I'm gonna sell them @this price if all fails I'll keep them till hell freezes over 

[kano]

Anyone having trouble with the daemon stopping?
I run a few of them at home so I can look at the block-chains - which also means I modify it a bit: I add 2 getblock functions

However, the Litecoin one has simply stopped outputting anything once is the last 12 hours and then the second time a double free crash.
I haven't had this happen with any of the others (including bitcoin 0.4.0 with my same changes which I also have been running non-stop), and just wondering if others have had the same issue?
(while I try and work out where the bug is - but it doesn't happen when I'm using getblock)

[Coinbuck @ BTCLot]

Thanks everyone for being so supportive of Litecoins!

I said this in the first post last week:

Yes, it is true that without a stash of premined coins, we will not be able to afford to pay for bounties, but we believe people will see the virtue of this coin, invest in it as early adopters, and will be willing to spend time creating services to make this coin better.

I'm pleasantly surprised that this has already come true in the first week! We now already have:
 - a nice homepage (thanks to terrytibbs): http://litecoin.org
 - 3 pools (that I know of): http://litecoinpool.dyndns.org/ https://lc.ozco.in/ http://pool-x.it.cx/
 - an exchange (with another coming soon): https://btc-e.com/exchange/ltc_btc
 - a block explorer: http://blockexplorer.sytes.net/chain/Litecoin
 - some kick ass graphs: http://litecoin.kicks-ass.org/graphs/graphs.html
 - a Litecoin lottery site: https://btclot.com/ltc/

All this, and I didn't have to pay a single bounty!

You've done the most important thing, making a decent alternative currency, thats all we ask 

By the way we also have Poker (so it's not just a normal lottery website).

~IMPORTANT TO BTCLOT LITECOIN USERS~
There were some login issues reported in our poker service and the poker deposit service but they have been fixed, I'm sorry if it caused you any trouble. If you find any issues please report them back.

[simonk83]

Anyone having trouble with the daemon stopping?
I run a few of them at home so I can look at the block-chains - which also means I modify it a bit: I add 2 getblock functions

However, the Litecoin one has simply stopped outputting anything once is the last 12 hours and then the second time a double free crash.
I haven't had this happen with any of the others (including bitcoin 0.4.0 with my same changes which I also have been running non-stop), and just wondering if others have had the same issue?
(while I try and work out where the bug is - but it doesn't happen when I'm using getblock)

I've had some issues with minerd crashing.  It's happening quite often (always when I'm not around to notice of course).  Win 7, 64bit.    I've switched to the 64bit optimised version so hopefully that helps.

[coblee]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

[Party Hard]

I've switched to the 64bit optimised version so hopefully that helps.

Where be the 64bit version? Couldn't find it on gethub just now.

[johnj]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

sounds great.  but maybe the pools could be in a user-editable table, or have that option as well? (kinda like gui miner).

Also, is this going to come with just a general miner, or every optimized one released thus far?

keep up the great work!

[coblee]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

sounds great.  but maybe the pools could be in a user-editable table, or have that option as well? (kinda like gui miner).

Also, is this going to come with just a general miner, or every optimized one released thus far?

keep up the great work!

Maybe initially, it will just be an option to set 1 pool and just have the generic miner that's already included in the client.
Once I have that done, I will see what the interest is to include something like minerd with the client.

[Intention]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

sounds great.  but maybe the pools could be in a user-editable table, or have that option as well? (kinda like gui miner).

Also, is this going to come with just a general miner, or every optimized one released thus far?

keep up the great work!

Maybe initially, it will just be an option to set 1 pool and just have the generic miner that's already included in the client.
Once I have that done, I will see what the interest is to include something like minerd with the client.

One problem I have with the miner built in the client is on a slow download speed and sharing the connection with multiple people in my house to run a miner (currently minerd) on multiple pc's they are all constantly downloading the blocks when I only need it on my main computer thus making the internet even slower for everyone else.

[simonk83]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

Definitely.  Especially number 3.

[coblee]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

Ok, implemented 1 and 2: https://github.com/coblee/litecoin/commit/d7ff5b84be27512e6811a92540824245a9702913
You can now start/stop mining from the option pages. You can also limit the number of processors used.
The status bar now has a new icon. Unfortunately, the icon doesn't change, but the tool tip will show you your hashrate.

Who wants to help me create a colored mining icon that I can use?

I'm building a Windows client binary now.

[worldinacoin]

That would be great, because now running gen=1 results in 100% utilization.  I rather prefer being able to control more easier.  Thanks a bunch!

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

Ok, implemented 1 and 2: https://github.com/coblee/litecoin/commit/d7ff5b84be27512e6811a92540824245a9702913
You can now start/stop mining from the option pages. You can also limit the number of processors used.
The status bar now has a new icon. Unfortunately, the icon doesn't change, but the tool tip will show you your hashrate.

Who wants to help me create a colored mining icon that I can use?

I'm building a Windows client binary now.

That would be great, because now running gen=1 results in 100% utilization.  I rather prefer being able to control more easier.  Thanks a bunch!

[3phase]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

This is a great idea. Even with all the false hype on SC2, Coinhunter had got that right. It will most certainly help to speed up adoption of the currency. The pool is necessary given the increasing difficulty. Just don't artificially inflate hash rates  

One problem I have with the miner built in the client is on a slow download speed and sharing the connection with multiple people in my house to run a miner (currently minerd) on multiple pc's they are all constantly downloading the blocks when I only need it on my main computer thus making the internet even slower for everyone else.

If you've got several machines on the same subnet, use -addnode=<ip> in the command line for starting the daemon, in order to establish connections between all of them. This way, when one of them downloads a block, they all will, most of the time, receive it from that node, thereby reducing the Internet connection load.

[coblee]

I'm starting to work on a feature to add the ability to mine from the client. Here's what I plan to add and the order I'm working on:

1) Turn generate on/off in the options and for that option to stick.
2) Show in the UI the mining hashrate and other mining related information
3) Add option to point to a pool instead.

What do you guys think? Would this be useful?

Ok, implemented 1 and 2: https://github.com/coblee/litecoin/commit/d7ff5b84be27512e6811a92540824245a9702913
You can now start/stop mining from the option pages. You can also limit the number of processors used.
The status bar now has a new icon. Unfortunately, the icon doesn't change, but the tool tip will show you your hashrate.

Who wants to help me create a colored mining icon that I can use?

I'm building a Windows client binary now.

Windows binary uploaded: https://github.com/downloads/coblee/litecoin/litecoin-windows-client-50000.zip

Please help me test it. Thanks!