[RELEASE] Liquidcoin (Speculation based)

[Come-from-Beyond]

There is a phrase on http://www.litecoinpool.org

In case you are wondering, 65536 is the average number of shares to be solved in order to solve a block on difficulty 1.

So I based my calculations on 65536.

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[kronosvl]

yes but 1 share != 1 hash

[Come-from-Beyond]

I know. Just imagine that difficulty is 1. Then u need to go thru 65536 hashes. Not 2^32 as u wrote.

[Nachtwind]

I kind of like this new coin... especially since it is the first honest altcoin in a while. It has several things that one needs to point out:

- It knows its place: It doesnt claim supremecy about any other chain
- It is meant to be for speculators. We all knew that for i0, ix etc, but noone ever mentioned that
- Fixed Diffs mean that pools are out of the game, so be it.
- The decrease of payout is also an interestering experiment with every "retarget" is an interestering experiment (something to corporate into virtualminer ^^). Since it makes a subsiedy cut like seen in Solidcoin2 or will see in Bitcoin overfluent..
- THere are no premined coins, everything is open source and as transparent as it is possible - something that is not so common anymore..
- Based on the design of having scrypt and fixed diff pools are more or less overfluent. Of course pooling can occur but with the outcome of "lag" - and why should people pool up? Basically everyone has a realistic chance of finding blocks on solo..

I really watch this one it HAS some potential..

[kronosvl]

I know. Just imagine that difficulty is 1. Then u need to go thru 65536 hashes. Not 2^32 as u wrote.

how sure are you about this?

also why divide by 0.05 and not multiply?

next quote proves that I'm right

2^32 * 0.05 / 33.000.000 = 6.5

To put it in perspective with Litecoin... Litecoin currently has a difficulty of 1.14442 and the block times are 2.5 minutes. If Liquidcoin gets popular and has as much hashrate as Litecoin right now (33 mhash/s), with a difficulty of 0.05, a block will be found every 6.5 seconds.

[bulanula]

We need an exchange guys

Can't be LiquidCoin without any exchanges right ?

[Come-from-Beyond]

I know. Just imagine that difficulty is 1. Then u need to go thru 65536 hashes. Not 2^32 as u wrote.

how sure are you about this?

also why divide by 0.05 and not multiply?

next quote proves that I'm right

2^32 * 0.05 / 33.000.000 = 6.5

To put it in perspective with Litecoin... Litecoin currently has a difficulty of 1.14442 and the block times are 2.5 minutes. If Liquidcoin gets popular and has as much hashrate as Litecoin right now (33 mhash/s), with a difficulty of 0.05, a block will be found every 6.5 seconds.

If I multiplied I would lower qty of hashes required to find a block. It has no sense.

My link to litecoinpool.org proves that I'm right too Let's stop offtopic here, this thread is for other purposes.

PS: Difficulty could have different meanings, so 1st thing we should do is to define what difficulty ==1 for this coin is.

[Stokkie]

I can't run the daemon because libstdc++-6.dll is missing, when I download it from the internet I get _ZNSt12out_of_rangeD2Ev could not be located in libstdc++-6.dll.

Is it possible you add the proper version of the dll to the package?

[Nicksasa]

I can't run the daemon because libstdc++-6.dll is missing, when I download it from the internet I get _ZNSt12out_of_rangeD2Ev could not be located in libstdc++-6.dll.

Is it possible you add the proper version of the dll to the package?

Updated the package with the correct dll and the optimized minerd from pooler (if you want faster you'll have to get his 64 bit version).
Icon fix and some other minor GUI fixes coming soon, a linux binary aswell.

[caish5]

The github won't build in linux (Ubuntu 11.10)

[Nicksasa]

The github won't build in linux (Ubuntu 11.10)

What errors ?

[caish5]

/usr/bin/ld: cannot find -lgdi32
collect2: ld returned 1 exit status
make: *** [liquidcoin] Error 1

Note that i can build other coins so i do have correct dependencies.

[markm]

This thing isn't real scrypt, right? Its the deliberately bastardised pretend/fake scrypt deliberately nerfed for the convenience of botnets who are using other people's computers without their permission thus need to try to conceal the fact they are running?

How large a botnet are you running anyway, and why do you need a new coin to run on it, isn't litecoin already tuned ideally for botnet use?

-MarkM-

[Nicksasa]

This thing isn't real scrypt, right? Its the deliberately bastardised pretend/fake scrypt deliberately nerfed for the convenience of botnets who are using other people's computers without their permission thus need to try to conceal the fact they are running?

How large a botnet are you running anyway, and why do you need a new coin to run on it, isn't litecoin already tuned ideally for botnet use?

-MarkM-

Huh ? It's based on Tenebrix including it's scrypt algo so ...

[drakahn]

my scrypt miners sure seem to work on it anyway

[Nicksasa]

/usr/bin/ld: cannot find -lgdi32
collect2: ld returned 1 exit status
make: *** [liquidcoin] Error 1

Note that i can build other coins so i do have correct dependencies.

Try with the latest git, seems the unix libs line wasn't in the .pro for some reason

[markm]

Yeah but that is the nerfed down pretend-scrypt used by litecoin, right? Deliberately toned down so botnets can use it. Because using a proper version of scrypt would make people whose machine have been infected by botnets notice something is being processed.

So basically there still aren't any alt-coins using a proper full scrypt, they are all just fakes set up for botnets to deploy.

-MarkM-

[bulanula]

This thing isn't real scrypt, right? Its the deliberately bastardised pretend/fake scrypt deliberately nerfed for the convenience of botnets who are using other people's computers without their permission thus need to try to conceal the fact they are running?

How large a botnet are you running anyway, and why do you need a new coin to run on it, isn't litecoin already tuned ideally for botnet use?

-MarkM-

It is good to see that at least some of us here have the guts to say it like it really is.

Well done markm and screw all these botnet operators getting bored with LTC.

[caish5]

I'm still getting the same error.

[Nicksasa]

I'm still getting the same error.

Hold on, lgdi32 was in the global LIBS define aswell.
Pushed to git.