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

[DeathAndTaxes]

Looks like the botnet/whoever hit Litecoin again. Mined the balls out of it which put difficulty up to ~1.14 and then stopped once difficulty changed. Next target is currently at ~0.6

I wonder how long this trend will continue.

As long as it is profitable?

Why pool hop when you can chain hop instead.  Far more difficult to counter and requires less hops.

The non-hopping miners get a larger cut of the high difficulty blocks and a smaller cut of the low difficulty ones.

[bronan]

(it just depresses the price a little)

A little lol its worth nothing thats not what i call a little

[tacotime]

(it just depresses the price a little)

A little lol its worth nothing thats not what i call a little

It's worth about $1400 right now on BTCe... which is more or less what it was always worth.

[mmavipc]

could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?

[coblee]

could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?

Done.

[mmavipc]

could some kind soul donate 0.01LTC to LbT5vN1rX2UXRtJ5a8aSiq1wAoyuQYVSAL please?

Done.

Thank you.

[Red Emerald]

Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.

[DeLorean]

Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.

I bought two physical litecoins and also a game from pigeons with LTC (:

[ehmdjii]

are there any pools (besides ozcoin) how allow port 80?

thanks!

[michaelmclees]

Has anyone used litecoin somewhere besides an exchange? Are there any online merchants or services that use them?

I think the idea of a GPU-hostile coin is interesting, but it doesn't seem to actually do anything more or better than bitcoin can.

The only thing that is "nice" is the shorter block times so I can get my coins to an exchange faster and this isn't really what should be called an improvement.

Check the Litecoin Market link in my sig.  Also, someone on that forum has put up a bounty for a silk road tor site.  Who knows if it will ever happen or what the consequences would be.

[localhost]

are there any pools (besides ozcoin) how allow port 80?

Pool-x does: http://pool-x.eu/gettingstarted

[mmavipc]

I love making money using the exchanges.

[interlagos]

Are there any plans on further development of Litecoin?
The latest client 0.5.0.8 is dated back to November 22 and there haven't been any updates ever since.
Is multisig planned in any form? How about fixing wallet encryption bug (or is it fixed)?

There is a discussion right now whether to deploy P2SH (Gavin) or CHV (Luke) way of doing multisig, what if Litecoin project picks up the one opposite to Bitcoin once that decision is made. This way we will have a backup solution for Bitcoin in case the approach taken was a mistake.

I consider Litecoin a healthy alternative to Bitcoin, it might be lacking some marketing as of now, but that might change in the future.
Just don't abandon the development of new features so early.

PS:
Some links on multisig discussion (battle):
https://bitcointalk.org/index.php?topic=56969.0
https://bitcointalk.org/index.php?topic=60433.0
https://bitcointalk.org/index.php?topic=58579.0
https://bitcointalk.org/index.php?topic=60482.0

[HolodeckJizzmopper]

FWIW, I pulled just north of 100Khash/S of processing power from Litecoin a couple weeks back. The value of LTC on BTC-E has been plummeting consistently, and it's finally driven home the point that it's really pointless to get seriously involved with altcoins. For now.

Feels like the project has run out of momentum.

Picked up a 7970 and added another 622MHash/S to my Bitcoin farm.

Bummed Was hoping Litecoin would be a serious "silver" to Bitcoin's "gold", but don't see that happening.

[interlagos]

By the way, what happened to lc.ozco.in?
I haven't been checking it for a week and have some coins there....
Does anybody now its IP address or the server is down?

[wndrbr3d]

FWIW, I pulled just north of 100Khash/S of processing power from Litecoin a couple weeks back. The value of LTC on BTC-E has been plummeting consistently, and it's finally driven home the point that it's really pointless to get seriously involved with altcoins. For now.

Feels like the project has run out of momentum.

Picked up a 7970 and added another 622MHash/S to my Bitcoin farm.

Bummed Was hoping Litecoin would be a serious "silver" to Bitcoin's "gold", but don't see that happening.

+1

Market depth is low, but LTC was one of the few alt's that made the cut on BTC-E. As of Jan 30, they're going to halt trading on GG, I0C, DVC, CLC, IXC, RUC.

So there's still hope.

https://btc-e.com/news/54

[markm]

DVC has hardly even launched yet, they seem a little hasty there. DVC's own stock-commodity-and-currency exchange is still only in late-alpha testing stage, and asset contracts have not yet even be created for the various devcoin-based companies that will be traded on the exchange.

I can understand the problem though, I might not have included IXC and I0C in my exchange if I had waited a few more days before doing so, since it seemed that by the time I had told my bots about them and so on they were already dead or dying.

I have held back on all the others, including litecoin, since it is still hard to tell which are really in it for the long haul and which are just pump and dump crap that was never intended for any purpose other than being dumped as fast as possible.

-MarkM-

[breel]

Hi there,

started using litecoin yesterday and I am interested in it.

I am mining and it does work, but the gui stays at "Synchronizing with netowrk.... 0%".
I have tried playing with firewall rules in windows to no go, and removing all the files but wallet and then starting litecoin again and still no go...

I have received ltc from my mining pool, but the GUI won't show them, and since I don't know where litecoind is, I cannot query it


I have played with my litecoin.conf to no go, here is my current one:



testnet=0
server=1
rpcuser=miner
rpcpassword=litecoin
#gen=1
#rpcport=8337
#daemon=1

block_nTime=1317972665
block_nNonce=2084524493

(I used to have different user/password but since there is no option in the gui for that, I thought maybe I need stock ones, but no go...).

Same issue on 2 computers, both running Win7.

Thanks

[Red Emerald]

Hi there,

started using litecoin yesterday and I am interested in it.

I am mining and it does work, but the gui stays at "Synchronizing with netowrk.... 0%".
I have tried playing with firewall rules in windows to no go, and removing all the files but wallet and then starting litecoin again and still no go...

I have received ltc from my mining pool, but the GUI won't show them, and since I don't know where litecoind is, I cannot query it


I have played with my litecoin.conf to no go, here is my current one:



testnet=0
server=1
rpcuser=miner
rpcpassword=litecoin
#gen=1
#rpcport=8337
#daemon=1

block_nTime=1317972665
block_nNonce=2084524493

(I used to have different user/password but since there is no option in the gui for that, I thought maybe I need stock ones, but no go...).

Same issue on 2 computers, both running Win7.

Thanks

How many connections do you see? Do you firewall outgoing traffic? Why do you have block_nTime and block_nNonce in your config?

[breel]

Thank you for your reply


> How many connections do you see?
The UI says 0 connection

> Do you firewall outgoing traffic?
I would assume so since bitcoin is working fine.
I have also verified that bitcoin and litecoin firewall rules are the same in the firewall windows ui.



>Why do you have block_nTime and block_nNonce in your config?
I saw that in a post somewhere and thought it might be why I was getting nowhere, but sadly it didn't do anything for that :/