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

[coblee]

I tried those things when developing the GUI and opted for enabling the protocol dump option.

Ok, I put the protocol dump back and ignored those outputs:
https://github.com/coblee/litecoin/commit/57a3a98d808b1e500cf11cc312f9cf5746145fd2

Let me know if that works on Windows. It should.

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[coblee]

- Remember last state. So client will start up and automatically and mine (solo or pool) if it was previously closed in that state

Where is this stored?

It's stored in the same db as other config params in Bitcoin. It looks like it's using the wallet db, which seems silly but I didn't bother changing it.

[johnj]

How much electricity do CPUs use compared to GPUs? For instance, would a high-end GPU mining BTC use more electricity than a high-end CPU mining LTC per unit time? Would the difference be significant?

Might've been asked already, but it's a huge thread to sift through, and there doesn't seem to be a wiki anywhere.

The wiki seems to be down, but here is a google cache of most gpus/cpus and their wattage, hashes, etc.  Note that references to hashing is BTC only, but you should still be able to get an idea of watt usage.

http://webcache.googleusercontent.com/search?q=cache:9FiOofDGPJAJ:https://en.bitcoin.it/wiki/Mining_hardware_comparison+mining+hardware+comparison&cd=1&hl=en&ct=clnk&gl=us

[Matoking]

The new build works very nicely on Windows.

Since the solo mining uses the internal miner in the Litecoin-qt application itself, the user won't benefit from having a CPU-instruction optimized minerd. (In my case, I get about 3 kh/s when solo mining vs. 3.75 kh/s when pool mining) Of course, the user could just use pool mining with 127.0.0.1 as the server address.

Otherwise, you've made the miner GUI far better.

[coblee]

The new build works very nicely on Windows.

Since the solo mining uses the internal miner in the Litecoin-qt application itself, the user won't benefit from having a CPU-instruction optimized minerd. (In my case, I get about 3 kh/s when solo mining vs. 3.75 kh/s when pool mining) Of course, the user could just use pool mining with 127.0.0.1 as the server address.

Otherwise, you've made the miner GUI far better.

Yup, solo mining is for the novice users that don't want to muck with minerd. It's about 80% as efficient, but it works well and is simple. If you have an optimized minerd, you can point it to a pool or to yourself using 127.0.0.1. Most people will probably use a pool anyways.

[Adamlm]

There are almost 1,000,000 LTC now.
What do you think - how many LTC will there be by the end of the year ?

[terrytibbs]

There are almost 1,000,000 LTC now.
What do you think - how many LTC will there be by the end of the year ?

Is this an opinionated question of some kind? The generation over time is more or less completely predictable.

[Adamlm]

There are almost 1,000,000 LTC now.
What do you think - how many LTC will there be by the end of the year ?

Is this an opinionated question of some kind? The generation over time is more or less completely predictable.

But still it depends on how many people use LTC now and how many will be in next months.

[DeathAndTaxes]

There are almost 1,000,000 LTC now.
What do you think - how many LTC will there be by the end of the year ?

Is this an opinionated question of some kind? The generation over time is more or less completely predictable.

But still it depends on how many people use LTC now and how many will be in next months.

To a small degree but any difficulty based blockchain (including LTC) simply adjusts the difficulty to increasing or decreasing hashrate to keep the rate of coin generation relatively constant.

[coblee]

There are almost 1,000,000 LTC now.
What do you think - how many LTC will there be by the end of the year ?

Is this an opinionated question of some kind? The generation over time is more or less completely predictable.

But still it depends on how many people use LTC now and how many will be in next months.

50 LTCs are generated about every 2.5 minutes. That's 1200 LTCs an hour and 28,800 LTCs a day. You can probably calculate for yourself how much litecoins there will be total by the end of the year.

And like others have said, the difficulty adjusts about every 3.5 days to keep the generation at this target. So it's an estimate, but it should be fairly close.

[ElectricMucus]

On a note, there seems to be a LTC selloff going on on BTC-E...

I can't conceive someones motive in engaging in that but the hashrate already seems affected and the next difficulty adjustment seems to be down! 

[doobadoo]

On a note, there seems to be a LTC selloff going on on BTC-E...

I can't conceive someones motive in engaging in that but the hashrate already seems affected and the next difficulty adjustment seems to be down! 

What gives?  I thought the whole idea of the cpu intesivity was to allow BTC miners the ability to mine simultaneously. Why aren't we seeing that in the hashrate.  Now we see a difficulty drop.  Time to panic and sell? 

[Explodicle]

On a note, there seems to be a LTC selloff going on on BTC-E...

I can't conceive someones motive in engaging in that but the hashrate already seems affected and the next difficulty adjustment seems to be down! 

What gives?  I thought the whole idea of the cpu intesivity was to allow BTC miners the ability to mine simultaneously. Why aren't we seeing that in the hashrate.  Now we see a difficulty drop.  Time to panic and sell? 

There are other CPU cryptocurrencies, they could be mining those for now. The only reason this doesn't happen with Bitcoin is because it's got so much inertia already. Eventually merged mining will solve this, so I wouldn't panic... But don't trust anyone's speculation on this forum. 

[bronan]

I hope botnet users get caught sooner or later
But if a large coporate user sets his power to litecoin you can see a huge change in difficulty
A friend of me has a enormous cpu power set at some boinc projects, if he would change that onto coin mining that would give a shock with that enormous clusters he has.
I sure enough will not bring him on the idea, 1500 multi cpu blade server machines would hurt a lot

[fennec]

The wiki seems to be down, but here is a google cache of most gpus/cpus and their wattage, hashes, etc.  Note that references to hashing is BTC only, but you should still be able to get an idea of watt usage.

http://webcache.googleusercontent.com/search?q=cache:9FiOofDGPJAJ:https://en.bitcoin.it/wiki/Mining_hardware_comparison+mining+hardware+comparison&cd=1&hl=en&ct=clnk&gl=us

Thanks. Exactly what I was after.

[terrytibbs]

I've got a fork of Litecoin with JoelKatz' 4diff changes for pools made compatible with the Qt and Litecoin codebase (there's also a small fix regarding the session handling by myself) available at: https://github.com/terrytibbs/litecoin-pool

This is pretty much for pool owners only, not sure if it compiles on Windows.

[flinder]

Does anybody can tell me how to generate a Litecoin Adress in the Windows client?

Thanks fpr help!

[Graet]

Does anybody can tell me how to generate a Litecoin Adress in the Windows client?

Thanks fpr help!

Open client
Click "receive coins"
Bottom left click "new address"
Choose label in box that pops up
Click OK
See new address with label in recieve coins list

[flinder]

Thanks. I always tried to get a new adress in the address book. 
Now everything is fine!

[worldinacoin]

I have problem with the mining feature of the new client, solo looks ok but pool seems to be having issues.