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

[Matoking]

No, the messy output usually happens after long poll.

Are you replying to me to say that this isn't a block found:

"[[22001111--110-24 09:430:-2234]  0t9h:r4e3a:d2 20]:  t3h6r1e8a dh as1h:e s3,0 2
0.45 0h akshhaessh,/ s0ec
.47 khash/sec"
 
?

That doesn't mean a block has been found.

[froggy]

The next thing I'd like to add to the Litecoin client is the ability to mine at a pool. Matoking built a nice GUI on top of minerd. I will look into incorporating this into the client. See: https://bitcointalk.org/index.php?topic=47417.msg587882#msg587882

Sounds like a great idea.  Would you be able to include an easy way for people to switch between different flavours of minerd optimized for different CPUs ( like http://www.wuala.com/jbw9/pub/Bitcoin/Tenebrix/miner/win/ ),  maybe something like the way guiminer for Bitcoin enables this (doesn't need to be tabs for different versions of minerd, I guess it could be a drop-down selection or something)?

[jago25_98]

[/quote]
That doesn't mean a block has been found.
[/quote]

Thanks :/ Been going for a couple of days now and still nothing... I'm thinking something's wrong....

[Matoking]

That doesn't mean a block has been found.
[/quote]

Thanks :/ Been going for a couple of days now and still nothing... I'm thinking something's wrong....
[/quote]
What's your hash rate?

You don't make progress when mining, you have the same chance of generating a block for every hash you generate.

[3phase]

I tried to compile the latest litecoind (ver. 50001) in a new machine (Ubuntu 11.04), I transferred my wallet.dat from my current machine, ran litecoind -rescan but my balance appears to be "0.00".

Have I missed something

[terrytibbs]

I tried to compile the latest litecoind (ver. 50001) in a new machine (Ubuntu 11.04), I transferred my wallet.dat from my current machine, ran litecoind -rescan but my balance appears to be "0.00".

Have I missed something

Did you let it download the blockchain?

[3phase]

I tried to compile the latest litecoind (ver. 50001) in a new machine (Ubuntu 11.04), I transferred my wallet.dat from my current machine, ran litecoind -rescan but my balance appears to be "0.00".

Have I missed something

Did you let it download the blockchain?

Yes, I let it download the blockchain first, stopped the daemon, copied the wallet.dat and restarted the daemon with the -rescan option.

[terrytibbs]

I tried to compile the latest litecoind (ver. 50001) in a new machine (Ubuntu 11.04), I transferred my wallet.dat from my current machine, ran litecoind -rescan but my balance appears to be "0.00".

Have I missed something

Did you let it download the blockchain?

Yes, I let it download the blockchain first, stopped the daemon, copied the wallet.dat and restarted the daemon with the -rescan option.

Try removing the blockchain with the new wallet intact and let it redownload. If it successfully launches without errors, the chances of your private keys getting lost are close to none.

[coblee]

litecoin.org has now been moved to be hosted on github.com
litecoin.info will soon redirect to the new wiki at https://github.com/coblee/litecoin/wiki

[jago25_98]

What's your hash rate?

You don't make progress when mining, you have the same chance of generating a block for every hash you generate.
[/quote]

Hash is approx. 2x3000khash.
I understand that with probability it's not accumulative. But the chances of not getting anything after a couple of days seems a bit much? I just want to be sure everything's setup ok

To the guy who compiled on linux: congrats, I had no joy on that... do we trust you for a binary now? <wink>

[kano]

What's your hash rate?

You don't make progress when mining, you have the same chance of generating a block for every hash you generate.

Hash is approx. 2x3000khash.
I understand that with probability it's not accumulative. But the chances of not getting anything after a couple of days seems a bit much? I just want to be sure everything's setup ok

To the guy who compiled on linux: congrats, I had no joy on that... do we trust you for a binary now? <wink>

Not quite
The total network hash rate is approx 5000khash/sec at the moment.

Anyway, the difficulty has gone up again it's now 0.22023019

So with 1kh/s it would take on average 0.22023019 * 2^32 / 1000 seconds
or approximately 262.75hours per block (almost 11 days)

Divide that by your hash rate to get an idea of your single block expected find time if you found 1,000,000 blocks

[coblee]

The next thing I'd like to add to the Litecoin client is the ability to mine at a pool. Matoking built a nice GUI on top of minerd. I will look into incorporating this into the client. See: https://bitcointalk.org/index.php?topic=47417.msg587882#msg587882

Sounds like a great idea.  Would you be able to include an easy way for people to switch between different flavours of minerd optimized for different CPUs ( like http://www.wuala.com/jbw9/pub/Bitcoin/Tenebrix/miner/win/ ),  maybe something like the way guiminer for Bitcoin enables this (doesn't need to be tabs for different versions of minerd, I guess it could be a drop-down selection or something)?

Does that mean you want the client bundled with like 10 different versions of minerd?
With Matoking's GUI, you include your own minerd binary and it will use that.

[coblee]

Having pool options I guess could be necessary, using SolidCoin's drop down as an example, I would not include the names of any specific pools at all and rather just link to a landing page set up to pull recent pool info and activity.

If we want to go the route of a dropdown for pool selection, I was thinking along the lines of defining each pool in a separate pool-[name].conf file and have the client read all those files and populate the pool selection. This way, pools can release their .conf file that users can download. Maybe that's overkill... not sure yet.

[coblee]

The next thing I'd like to add to the Litecoin client is the ability to mine at a pool. Matoking built a nice GUI on top of minerd. I will look into incorporating this into the client. See: https://bitcointalk.org/index.php?topic=47417.msg587882#msg587882

A similar but opposite feature I'd like work on is for each client to be able to act as a node in a distributed pool.
Something like p2pool: https://en.bitcoin.it/wiki/P2Pool
Either add a UI for the client to kick off p2pool. Or code up p2pool (or something similar) in C++.
The former will be much simpler, but would be hacky, because litecoin will start/stop/configure p2pool via python scripts, and p2pool will talk to litecoin via RPC calls on localhost.
The latter would be much nicer because the client will communicate with different nodes on the same p2p network as the block chain communication, but it would take considerable amount of work to implement it.

+1  nice! the latter. maybe something could be done in the interim and hold back the c++ implementation for a future release.

Yeah, maybe the interim version is just the UI to start/stop/configure p2pool.

[coblee]

Thanks everyone for helping me design the Litecoin logo!

Here are the final images that BitcoinPorn helped me create for the client. And they look great!

wallet splashscreen:


main icon: (still deciding whether to use the lighter or the slightly darker one)


main icon for testnet:


toolbar icon:


toolbar icon for testnet:



All the rewards are paid out:

Sent 50 LTC reward for submitting logo design:
michaelmclees - f5c13f042d1166cfa116934e0311ae4afaf7ecd4e548dd181e87283579ee0138
ElectricMucus - 92336a1b924b484f23e5922fc5ae146088d5cca50cc3d76904a5bccb14b07e89
BitcoinPorn - 6c69dc8267204a7cdbfdca9f9764bc1ad378a0c0d7fcdade18ccaac05e873272
pbj sammich - b0c62ec369abb1bd4a0de8bd1a6302eda19981a13d9415fd346971e52d2a56f8
kano - d245becc42c1f4330693f8057bb4158e0089eb8c1b7a5a806a2509f3b5442ba4
Matoking - 4da59f45dee163e31eee58ed93b57b3a6e845f3f5f804124846637735a55ab06
dvdrewritable - de599722ad56c9dcb719ec9334def9e4b613bffa9beb1b8899cfe605e8c2feae
chieffery - 96f610806451fe4a2ea510ca3a3f625a6fc41a36c2032342eee980b505e81645
EskimoBob - 74ac2e7479e75f9f412803b1a31001bf16b5d1b255e76ac656aeca4161f41746

Sent 300 LTC reward for winning logo design:
BitcoinPorn - ef045f23cfa2b98675eff8a131d5c9d639fd29bc133084abee8731c285fcc435

[johnj]

Awww man my logo woulda looked SWEET on that wallet image!

[coblee]

Awww man my logo woulda looked SWEET on that wallet image!

If you create that image for me, I might consider using it for the testnet splashscreen!

[johnj]

Haha nah, you don't want any of my artistic ability associated with LTC .  What you got now is clean and professional.  I appreciate the offer though!

[BitcoinPorn]

 

[johnj]

 

bwuahaha, that rocks.  I don't know how to get the white corners off of images in mspaint