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Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 325. (Read 1467474 times)

donator
Activity: 1654
Merit: 1354
Creator of Litecoin. Cryptocurrency enthusiast.
hero member
Activity: 686
Merit: 564
Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.

Yes, it does. I will look into it.
For now you should be able to just soft-disable it by changing the "true" to "false" on line 498 of init.cpp:

if (GetBoolArg("-bip16", false))
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD

I suspected that for the first half of 2012. Didn't materialize to the extent I imagined...
Well my suspicion has a reason. It's election season and the markets will be moving more based on those events. Volatility will pick up in the second half of 2012
donator
Activity: 2772
Merit: 1019
I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD

I suspected that for the first half of 2012. Didn't materialize to the extent I imagined...
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
I think the price of litecoins in due for a large rally...

I suspect the second half of 2012 will have some quite volatile price movements for both BTC and LTC and USD and SLV and GLD
member
Activity: 70
Merit: 10
I think the price of litecoins in due for a large rally...
hero member
Activity: 968
Merit: 547
Price has doubled in the last week. Litecoin is starting to get the attention of investors.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Thanks.  All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s.  And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month.  Not worth it!

But thanks for the response.  Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.

Yeah don't sell because maybe we might want to buy all your coins lol Grin
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Thanks.  All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s.  And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month.  Not worth it!

But thanks for the response.  Wink

Not worth it today you mean. If litecoin was $100 per coin, you might feel different. Plan for the long run future, not selling cryptocoins short.
donator
Activity: 1654
Merit: 1354
Creator of Litecoin. Cryptocurrency enthusiast.
There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.

Yes, it does. I will look into it.
hero member
Activity: 496
Merit: 500
There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.

Rebranching from latest Bitcoin... does it mean we will get BIP16 (multisig) as well?
I think it required some careful planning and support from pools before it was fully enabled in Bitcoin.
donator
Activity: 1654
Merit: 1354
Creator of Litecoin. Cryptocurrency enthusiast.
There's going to be a new Litecoin release soon that includes all of Bitcoin's recent fixes. Thanks to the the help from pooler and fanquake. We created a new Litecoin github project and rebranched from Bitcoin and added in all the Litecoin changes. We are currently testing the code to make sure everything still works. If you'd like to help out, come by IRC channel #litecoin-dev on freenode.net

Stay tuned.
legendary
Activity: 1400
Merit: 1005
Thanks.  All I have to mine on is a Q6600, which according to the hardware sheet would generate somewhere around 21 KH/s.  And according to this calculator (http://www.litecoinpool.org/calc?hashrate=21&difficulty=1.87537559), about $2.44/month.  Not worth it!

But thanks for the response.  Wink
sr. member
Activity: 267
Merit: 250
Has this been updated recently?

All of my hardware is up-to-date on the list (3gpus, 6cpus), I think they should all be pretty close still.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
sr. member
Activity: 267
Merit: 250
legendary
Activity: 1876
Merit: 1000
Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?

I am wondering the same thing, I have not mined litecoins since Nov,2011.  I am sure the mining software has been upgraded too.  Anyone know the best cpuminer out there?
sr. member
Activity: 267
Merit: 250
Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?

At todays exchange it looks like you can make about $0.14usd per day mining 24/7, but that fluctuates a lot. However if you think that litecoin prices will increase it is a good way to get some coins early before ASICs drive GPUs to LCT mining (which I believe will hapen at some point).

You can also mine in the background while you are on your PC or set it up to mine while the computer is idle.
legendary
Activity: 1400
Merit: 1005
Is it worth it to CPU mine Litecoins right now?  Does the revenue outpace the cost of electricity?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Is the litecoin development still active? I believe the lastest commit was like three months ago.

I'm working on getting the latest Bitcoin fixes into Litecoin. Stay tuned.

Coblee, since you're adding latest Bitcoin fixes, might be worth integrating the one which optimizes block propagation time.
I think it's called "signature verification cache" and was added into 0.6.3 by Gavin.

Maybe it's not critical for Litecoin now, but considering the higher block rate and how slowly people upgrade their clients,
it's likely that Litecoin will face this problem sooner than later, so better start preparing now!


+1

Gotta stay on top of it
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