[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 326.

PinkBatman

sr. member

Activity: 267

Merit: 250

Quote from: SgtSpike on June 28, 2012, 04:03:27 PM

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.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Is it worth it to CPU mine Litecoins right now? Does the revenue outpace the cost of electricity?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: interlagos on June 28, 2012, 03:03:46 PM

Quote from: coblee on June 26, 2012, 11:00:22 AM

Quote from: Tachikoma on June 26, 2012, 06:41:03 AM

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

interlagos

hero member

Activity: 496

Merit: 500

Quote from: coblee on June 26, 2012, 11:00:22 AM

Quote from: Tachikoma on June 26, 2012, 06:41:03 AM

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!

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

If you use cgminer to mine the BFL single it will use less than 1% of a single CPU

(... well on my Linux cgminer with 1 BFL and 1 GPU 6950, it uses less than 1% of a single down clocked to 1.2GHz CPU of my i3 540 CPU pair)

You can then use 7 of the 8 CPU's Litecoin mining with some other program and not be concerned at all.

Using the 8th CPU may or may not affect it - try it out.

ChiangYay

member

Activity: 66

Merit: 10

Hi,

I'm sorry if I'm out of topic.
I'm new to mining just started to mine with a BFL Single.
Since the usage of CPU is minimal I would like to know if I can mine simultaneously Bitcoin and Litecoin installing a Litecoin software for Windows 7 32 bit 2 quad CPU, dedicating one quad for Litecoin.

Any suggestion would be appreciated.

Regards,

ChiangYay

TravisE

full member

Activity: 121

Merit: 100

I've also been frequently getting the “transaction creation failed” error when trying to send large numbers of Litecoin from p2pool transactions. Had to read up on this thread to figure out what the heck was going on. I looked at the debug.log but don't really know what I would be looking for. It doesn't help that there are absolutely no timestamps in that log so I would even know where to find the point where I was having the problem.

Sending multiple batches of smaller amounts at a time usually works. However, the GUI is not doing its job. A unhelpful and practically useless error like that gives a user absolutely no idea what went wrong or how to solve it. So I would suggest that a more understandable error message with possible solutions be used instead, or better yet, the UI should offer to automate some tasks like consolidating coins in the wallet so the user never even has to deal with it.

interlagos

hero member

Activity: 496

Merit: 500

It just struck me that at 4x higher block rate and 1mb per block limit for both chains the Litecoin network should be able to handle 4x more transactions than Bitcoin before hard fork is required!

So not only Litecoin transactions are faster to confirm, it has 4x more throughput in terms of cleaning the backlog of unconfirmed transactions. Add to this ASIC resistant hashing algorithm, fairer original coin distribution and now I see why they call Bitcoin an experiment. It's simply cleaning up the road for the Litecoin!!!

* Ok not sure if serious or just trolling Tongue

Tachikoma

hero member

Activity: 938

Merit: 1000

Code:

error: {"code":-1,"message":"ReserveKeyFromKeyPool() : read failed"}

At least that gave me a readable error

Fixed it by calling keypoolrefill, not sure why that was needed, seems logical the app does that itself.

bulanula

hero member

Activity: 518

Merit: 500

Quote from: Tachikoma on June 26, 2012, 02:12:19 PM

Ok guys I have a problem.

I have a significant amount of coins in my wallet. The problem is it seems to be bugged.

When ever I try to create a new receiving address or send a transaction the app crashes.

Today I installed Litecoin on my other computer, got my wallet from my original pc and let it catch up but the same thing is happening. Whenever I try to do something other then receiving coins the whole app crashes.

Is there anything else I can try?

Yes, send from CLI interface using litecoind and skip the QT GUI buggy crap.

https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_Calls_list

If I helped, consider giving a tip : 15uxVpSgWtfQ25ae6YYxG3US3eWRpYqKkp

Thanks !

Tachikoma

hero member

Activity: 938

Merit: 1000

Ok guys I have a problem.

I have a significant amount of coins in my wallet. The problem is it seems to be bugged.

When ever I try to create a new receiving address or send a transaction the app crashes.

Today I installed Litecoin on my other computer, got my wallet from my original pc and let it catch up but the same thing is happening. Whenever I try to do something other then receiving coins the whole app crashes.

Is there anything else I can try?

coblee

donator

Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: Tachikoma on June 26, 2012, 06:41:03 AM

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.

Luceo

sr. member

Activity: 350

Merit: 250

Per aspera ad astra!

Got it to work, had to set fpermissive.

Tachikoma

hero member

Activity: 938

Merit: 1000

Quote from: Luceo on June 26, 2012, 07:37:18 AM

Can't seem to compile:

Code:

util.cpp:975:41: warning: ignoring return value of ‘size_t fwrite(const void*, size_t, size_t, FILE*)’, declared with attribute warn_unused_result [-Wunused-result]
make: *** [obj/util.o] Error 1

Using Arch Linux 64-bit. Someone earlier had the same issue but it was passed over.

That looks like a warning, nothing else in there?

Luceo

sr. member

Activity: 350

Merit: 250

Per aspera ad astra!

Can't seem to compile:

Code:

util.cpp:975:41: warning: ignoring return value of ‘size_t fwrite(const void*, size_t, size_t, FILE*)’, declared with attribute warn_unused_result [-Wunused-result]
make: *** [obj/util.o] Error 1

Using Arch Linux 64-bit. Someone earlier had the same issue but it was passed over.

Tachikoma

hero member

Activity: 938

Merit: 1000

Is the litecoin development still active? I believe the lastest commit was like three months ago.

interlagos

hero member

Activity: 496

Merit: 500

We just had our own historic "pizza for LTC" event:
https://bitcointalksearch.org/topic/ltc-for-a-pizza-90019

Bright future for Litecoin!

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Gladamas on June 22, 2012, 07:02:07 PM

Quote from: bulanula on June 22, 2012, 06:59:27 PM

Quote from: Litecoin on June 22, 2012, 12:36:23 PM

LTC mining is very profitable again.
HD 6950 will mine +400LTC/day which gives us 0.50BTC/day.
Thats very good.

I like LTC very much but when ASIC comes and all GPU miners go to LTC the depth is simply not there to sustain the price up like with SR and BTC.

So LTC will never be BTC alternative for GPU miners Cry

NMC is quite similar I think ... the money is in BTC right now.

That is an interesting point I had not considered until now. GPU miners switching to Litecoin mining would drive CPU miners out for the most part, like what happened to Bitcoin.

Not exactly, what happened with Bitcoin is that GPU miners made CPU mining impossible by increasing the difficulty by orders of magnitude.

If all those GPU's jump on LTC it will increase the difficulty yes, but it not by as great an amount. You will still be able to mine with a CPU just very slow. Mining bitcoin with a CPU though would be more like waiting for the Sun to burn out.

Litecoin

full member

Activity: 126

Merit: 100

As the price went up to 0.00181 BTC, we can say its 3 times more profitable than BTC GPU mining.

Greedi

sr. member

Activity: 266

Merit: 250

LitecoinTalk

Quote from: Tachikoma on June 24, 2012, 04:54:14 AM

Is there room for more then one crypto-currency in the online world?

For instance; I have a web-hosting operation. What if I decide to accept 20 payments a week in Litecoin where I would pay users the current USD-LTC times two. At this moment the LTC/USD is 0.00514, so I would offer 0.01028. Of course it would dip into my own profits but it would encourage users to get more involved in Litecoin. If enough Litecoin supporting merchants would join me in such a system we could give Litecoin more value then it has now, right? Could this lead to greater adoption? And if so would this hurt bitcoin in any way?

+1 i'm in!

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 326. (Read 1467253 times)