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Author Topic: [ANN][LIT] LightCoin | Mobile Mining | Android Wallet to stake POS| On Bittrex  (Read 80674 times)
Lightcoinproject
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June 12, 2014, 05:29:44 PM
Last edit: July 28, 2014, 03:38:42 PM by Lightcoinproject
 #1

http://i.imgur.com/28uG4EA.png


News:

July 17th, 2014: Lightcoin Android wallet development to stake POS

http://s18.postimg.org/nhlddtgqd/templates_mobile_done7.jpg

Download the android apk demo on google play store: https://play.google.com/store/apps/details?id=com.lightcoin

July 11th, 2014: Android wallet status update

http://postimg.org/image/fvdch7kkb

July 4th, 2014: Android wallet alpha phase started

http://postimg.org/image/c7djfbser

Launch date: June 13th, 2014 - 20h00 GMT

Overview:

Lightcoin (LIT) is a open source decentralized crypto currency with long term development plans using the Proof-of-Work X11 algorithm that runs at about 30% less wattage than scrypt and 30-50% cooler and Proof-of-Stake for a long term incentive and to ensure the security of the network.
Lightcoin aims to develop and introduce mining (lightmining) on mobile devices Blockchain (Lightchain on mobile technology).

Website:
www.lightcoin.biz

Lightcoin Specifications
  • Ticker: LIT
  • Block time: 60 secs
  • Block diff retarget: every 10 blocks
  • Stake interest: 2% annually
  • Minimum stake age: 12 hours
  • Maximum stake age: unlimited
  • Premine: 0.8%

Proof-of-Work Stage
  • Algorithm: X11
  • Est pow supply: ~10 million
  • Confirmations: 120 blocks to mature
  • Block reward: 200 LIT to block 20000 and 20 LIT after block 20000

Proof-of-Stake Stage
  • POS starts at block 20000 with 2% stake interest per year and 12 hours to mature
  • Est pos mint: ~10 million


Block Explorer with Rich list: http://www.lightcoin.biz:2750


Wallets:

Source: https://github.com/Lightcoinproject/Lightcoin

Windows Wallet: https://mega.co.nz/#!Zwl2CR4Q!9LxP-4qsRxfdeJLiUiKEsaQ9hUp355yKyQsLE0Ugg2A

Mac Wallet: http://www.mediafire.com/download/7hf2q8j0bj12r1e/LightCoin-Qt.zip

Linux Wallet: http://www.mediafire.com/download/inxbhkpn1mb8wnw/LightCoin-qt

sample Lightcoin.conf file:

Code:
server=1
listen=1
rpcuser=user
rpcpassword=pass
rpconnect=localhost
rpcport=24551
addnode=108.61.198.108
addnode=203.217.75.40
addnode=37.187.144.69
addnode=162.243.39.250
addnode=188.226.239.106
addnode=46.165.208.140
addnode=188.235.151.187
addnode=103.22.181.239
addnode=192.187.110.194
addnode=203.195.205.72
addnode=176.212.92.57
addnode=95.81.6.159
addnode=37.59.52.171
addnode=83.215.142.159
addnode=104.131.230.130
addnode=188.226.225.22
addnode=62.210.139.65

RPC port: 24551
P2P port: 24552

Getting Started X11 mining tutorial for beginners (our thanks to Suchpool)

CPU Miner:
Source: https://github.com/ig0tik3d/xcoin-cpuminer
Download: http://www.mediafire.com/download/n3w8872h4fw4k8m/xcoin-miner.zip

GPU Miner:
Source: https://github.com/prettyhatemachine/sph-sgminer
Download: https://mega.co.nz/#!uAp12DYa!vhfp1wDb43mB1KCo_5ZfwXehYhBXeKcVYWbmkTB2ldg

Pools:

https://lit.nicemining.pw
http://lit.pool.mn
http://lit.coin-miners.info
http://omargpools.ca/lit/

Development features and function plans:


http://i.imgur.com/D9p3NYO.png

New Android wallet update .apk demo is now available on google play store.

http://i.imgur.com/4er7Ulp.png


Short/Mid term:

  • Android Wallet in development
  • Anon transactions
  • GUI Lightwallet
  • IOS Wallet
  • Lightnodes Network

Long term:

  • Mining (lightmining) on mobile devices Blockchain (Lightchain on mobile technology) for less power consuming, faster and lighter transactions





VOTE TO ADD:

https://www.mintpal.com/voting

https://www.swisscex.com/voting

https://bter.com/voting#LIT

https://cryptoine.com/voting#LIT

https://bleutrade.com/voting/LIT

https://comkort.com/vote/

https://www.coins-e.com/voting

https://www.usecryptos.com/voting




Services:

https://coinmarketcap.com/all.html

http://www.cryptocoinrank.com/Lightcoin

https://www.cryptonator.com

http://whatmine.com/

Social Media:

Follow us on Twitter: https://twitter.com/Lightcointweet

Join us on IRC: http://webchat.freenode.net/?channels=#lightcoinproject

Press & Media:

http://altcoinherald.com/lightcoin-designed-bring-mobile-mining-masses/

http://www.cryptoarticles.com/crypto-news/lightcoin-will-bring-lightmining-to-mobile-devices-near-you

http://bitbillions.net/2014/06/25/altcoinreview-and-giveaway-lightcoin-coming-to-your-wallets-today/

Translations:

Chinese: https://bitcointalk.org/index.php?topic=664785.new#new
Russian: https://bitcointalk.org/index.php?topic=666272.msg7520829#msg7520829
French: https://bitcointalk.org/index.php?topic=667330.new#new
Portuguese: https://bitcointalk.org/index.php?topic=670798.0
Dutch: https://bitcointalk.org/index.php?topic=686762.msg7793021#msg7793021

PM me for Bounties:

First Exchange to list Lightcoin: 5000 LIT

Block Explorer:

Giveways: 8000 LIT

Promo: 1000 LIT

Translations: 200 LIT each

FAQ:

How do I stake POS in my wallet?

The Minimum stake time is 12 hrs, with no Maximum stake time.
Don't move your coins and have the wallet open for minting.
If you are going to encrypt your wallet, to open a encrypted wallet for minting you can do it in 2 ways:

a) decrypt the wallet by going to your wallet settings.
b) go to help --> debug window --> console and enter this text: walletpassphrase "your wallet Password without the quotes" 99999999 true

a) fully opens your wallet and b) leaves your wallet encrypted but allows it to stake.




Other

If you wish to join a long term development team feel free to PM me.
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June 12, 2014, 05:36:40 PM
 #2

I hate to rain on any parade that may be starting, this name is already taken, but just spelled differently. Maybe 'semantics' would be a better name?
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June 12, 2014, 05:43:10 PM
 #3

X13 will be good instead of X11, won't it?
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June 12, 2014, 05:57:55 PM
 #4

I hate to rain on any parade that may be starting, this name is already taken, but just spelled differently. Maybe 'semantics' would be a better name?

This is going to be a pain in the ass.

Person 1 - "i'll give you 12 litecoins for it"
Person 2 - "What? are you kidding? its worth at least 40 lightcoins"
Person 1 - "are we talking about the same coins?"
Person 2 - "I don't know"
Person 1 - "fuck it"
Person 2 - "fuck you!"


this coin is going nowhere with a name like this. This may work going up against some dinky coin, but you are gonna try competing on namespace with the #2 cryptocurrency? With fucking silver? Shows sheer ignorance or lack of foresight.

X13 will be good instead of X11, won't it?

What is with everyones hard-on for X13 lately? Does anyone actually think those extra 2 rounds are gonna make any difference?

"I've got a 50 layer Kevlar vest, I just wish I had a 52 layer vest... then I'd really be safe"
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June 12, 2014, 06:14:34 PM
 #5

I have thought carefully on the name of the coin and me and my coworkers have decided that Lightcoin is the appropriated name for the plans we have for this project. We are here for the long haul and to deliver so I don't have any hurry to see a community grow around Lightcoin development.
Lightcoin (LIT) is not to be confused by the scrypt algo crypto currency named Litecoin (LTC). I am sure people can see the differences.

Thank you for the feedback and support.
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June 12, 2014, 06:27:10 PM
 #6

I hate to rain on any parade that may be starting, this name is already taken, but just spelled differently. Maybe 'semantics' would be a better name?

This is going to be a pain in the ass.

Person 1 - "i'll give you 12 litecoins for it"
Person 2 - "What? are you kidding? its worth at least 40 lightcoins"
Person 1 - "are we talking about the same coins?"
Person 2 - "I don't know"
Person 1 - "fuck it"
Person 2 - "fuck you!"


this coin is going nowhere with a name like this. This may work going up against some dinky coin, but you are gonna try competing on namespace with the #2 cryptocurrency? With fucking silver? Shows sheer ignorance or lack of foresight.

X13 will be good instead of X11, won't it?

What is with everyones hard-on for X13 lately? Does anyone actually think those extra 2 rounds are gonna make any difference?

"I've got a 50 layer Kevlar vest, I just wish I had a 52 layer vest... then I'd really be safe"

Ehh x11 & x13 can go ____ a _____.   Those algos are built to serve one purpose, and that is to keep GPU miners mining with their GPU's, when there are much hardier, & cost effective means. However, as both a miner & investor myself, never EVER put your eggs all in one algo or investment. They  have their place, but they dont interest me long term @ all, as their whole reasoning for existence it to fight the forward progression of tech. Sort of like how 'some' coins only marketing is 'asic resistant', they may as well just say ' for the technologically impaired '.  YMMV.. have a good day everyone.
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June 12, 2014, 06:39:33 PM
 #7

Premine? What does your coin offer to the community? Anything new? What is your "idea" for the future and what do you want to achive?
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June 12, 2014, 07:20:58 PM
 #8

Hello everyone.

I am one of the Lightcoin project managers.

Questions about premine are already a wearout topic.

I have been around trading crypto currencies for the past 7 months and the same questions come up on every coin thread. They have been answered over and over for inumerous reasons.

Lightcoin Premine is to support the development of the project. There are already some bounties up.

About the future of the coin and what has to offer the community, there is a overview on the OP aswell project development plans but Michael (projectleader) is working on updating the OP till launch time!

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June 12, 2014, 10:42:40 PM
 #9

 Ca you explain what u mean by Lightmining on the Blockchain (Lightchain on mobile technology)?
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June 13, 2014, 12:10:12 AM
 #10

The standard questions:
Pools?
Exchanges?
Innovations?
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June 13, 2014, 12:29:26 AM
 #11

I hate to rain on any parade that may be starting, this name is already taken, but just spelled differently. Maybe 'semantics' would be a better name?

This is going to be a pain in the ass.

Person 1 - "i'll give you 12 litecoins for it"
Person 2 - "What? are you kidding? its worth at least 40 lightcoins"
Person 1 - "are we talking about the same coins?"
Person 2 - "I don't know"
Person 1 - "fuck it"
Person 2 - "fuck you!"

this coin is going nowhere with a name like this. This may work going up against some dinky coin, but you are gonna try competing on namespace with the #2 cryptocurrency? With fucking silver? Shows sheer ignorance or lack of foresight.

X13 will be good instead of X11, won't it?

What is with everyones hard-on for X13 lately? Does anyone actually think those extra 2 rounds are gonna make any difference?

"I've got a 50 layer Kevlar vest, I just wish I had a 52 layer vest... then I'd really be safe"
That was hilarious.
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June 13, 2014, 01:02:49 AM
 #12

yeah, i see doomed this coin, since it has the same pronunciation with LiteCoin.
face the truth, dev, u cant fight against LTC.
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June 13, 2014, 01:05:54 AM
 #13

lightcoin right.... clearly not brightcoin  Grin

so original, why nobody thought about it before  Grin

djm34 facebook page
BTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze
Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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June 13, 2014, 01:07:24 AM
 #14

yeah, i see doomed this coin, since it has the same pronunciation with LiteCoin.
Grin really ? What a strange coincidence  Grin
 I am pretty sure it didn't cross the mind of dev  Grin

ok I have another idea for dev: BeatCoin (BEATC )

djm34 facebook page
BTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze
Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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June 13, 2014, 01:12:36 AM
 #15

you are retarded if you think there are not X11 asics.  And probably the stupidest name and concept released today

Miley Cyrus Coin: LaB1XqDS65DhXdyWgsamPR8xUBtzSh9Jw5
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June 13, 2014, 01:29:39 AM
 #16

Hi, Dev! Is it not too late to change X11 to X13?
I'm definitely will mine Lightcoin if the algo is X13.
I like development feature plans of this coin and if this running well, I think this coin will  explode.
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June 13, 2014, 01:30:03 AM
 #17

 Roll Eyes Roll Eyes Roll Eyes

by the name itself this fails..
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June 13, 2014, 01:35:17 AM
 #18

Hi, Dev! Is it not too late to change X11 to X13?
I'm definitely will mine Lightcoin if the algo is X13.
I like development feature plans of this coin and if this running well, I think this coin will  explode.

Both algos are in highly suspect of un-disclosed software, to take full advantage of mining capability.
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June 13, 2014, 01:51:46 AM
 #19

Hi, Dev! Is it not too late to change X11 to X13?
I'm definitely will mine Lightcoin if the algo is X13.
I like development feature plans of this coin and if this running well, I think this coin will  explode.

Both algos are in highly suspect of un-disclosed software, to take full advantage of mining capability.

Is that true that Asic or Fpga can mine X11? If that is not true, then I have no problem mine X11 Cheesy
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June 13, 2014, 01:53:48 AM
 #20

Hi, Dev! Is it not too late to change X11 to X13?
I'm definitely will mine Lightcoin if the algo is X13.
I like development feature plans of this coin and if this running well, I think this coin will  explode.

Both algos are in highly suspect of un-disclosed software, to take full advantage of mining capability.

Is that true that Asic or Fpga can mine X11? If that is not true, then I have no problem mine X11 Cheesy

Yes FPGA's can, and you can bet your bottom dollar there is GPU software that is NOT available to the masses that DOES use all of a GPU's resources to mine it. No heat = not working hard. This is a fact of electricity in general.
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