Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 333. (Read 1467253 times)

Uhh if I mine bitcoin with my dual core processor I might get 2 mh/s

With a HD Radeon 6990 I get about 680 Mh/s

So you do the math.......

The difference is much more than 20x as you claim.

That was in response to a post bout "mining litecoins"....i figured it was obvious what I was talking about.

I believe you meant "mining litecoins is not profittable"

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Confidence in Litecoin took a huge blow when it turned out that GPUs were in fact better suited for mining than CPUs, which completely contradicted what the developers claimed at launch.

CPU dominance was the primary reason for my interest and investment in Litecoin, and I had great plans for it. That is no longer the case. I will be holding on to my litecoins, though I am now waiting for a true CPU only Crypto-Currency to take it's place.

The issue was mitigated at the time by the fact that it was still better to mine Bitcoins and buy litecoins with them, rather than mine LTC via GPU directly. But LTC has officially been thrown into the ring with BTC, and if the exchange is any indication, the outlook is grim. You could literally halve it's trading value right now with a few hundred dollars.

If it is to survive, it will need a "killer feature" and serve an actual purpose.

I don't want to discourage people, but I think the litecoin devs need a prod and a wakeup. Litecoin still has a healthy network of hashing power, and is in a good position to make a recovery, given the right changes.

I am not a developer by any stretch, but with the coming of FPGAs and ASICs onto the Bitcoin scene, coupled with the reward split, there are going to be a lot of Ex-Bitcoin GPUs floating around, and I bet a fair number will find their way onto the Litecoin Network.

This may be when Litecoin becomes the "silver" to bitcoin, but there are so many assumptions there, the outlook is a complete wash.

Personally, I would like to see the Litecoin decimal move 1 digit to the right ( for a limit of 840,000,000 coins) as I don't believe a mere "4x BTC limit" is going to be enough if LTC becomes a "cash" to Bitcoins "Gold".

Having a reward drop of 10% per 10% "remaining coins mined" would also be a great improvement over bitcoins 50% drop per 50% "remaining coins mined".

However, GPU hostility is impossible to do with Litecoin, as that sort of change would create a whole new chain/network.

I assume this was you: http://abe.liteco.in/tx/4bb8fced6d36f7859bf529984b8907151950f53c7fa38287f58d9cf7a66ee506
As you can see, because you had so many p2pool transactions, it required 115 inputs to send out 1000 LTC. The transaction size was large and required a large fee. That's one of the disadvantages of p2pool.
The client probably had trouble creating a 4000 LTC transaction with >400 inputs. debug.log would probably tell you why. Your best bet is to consolidate your coins into 1000 coins and then combine them into 4000 if you need to.

I earn about ~1.7464 LTC when a block is found.
Anyway, I was able to send 1000.00 LTC now...
Thanks!

How many litecoins do you get when p2pool finds a block? How many p2pool transactions have you received?
p2pool transactions can be mistaken as transaction spam if the amount is too small.

I don't know anymore... I hear that thing about transaction spam loooong time ago... So, I upgrade my litecoind to solve this, because people tell me to upgrade to solve the spam problem...
This litecoind with problem have only 1 use, with my P2Pool node...
Fresh install with latest code, used only with P2Pool... Spammed too?!

:-/

This would be a BRILLIANT idea IMHO !

Let's do it, coblee !

Is there any chance that litecoin can be changed to again be GPU hostile?

It may be transaction spam. Have you tried sending a smaller amount?
If you paste your debug.log output, that would help.

So, I "lost" my Litecoins ?!

This topic should be put into the first post of this thread!

it is true but no longer much profittable

Whats going on with my Litecoin?


my litecoin source code is already up-to-date...

Thanks!
Thiago

Until now I've only focused on Bitcoins.

Thanks for the info.   

Wow...only now you're hearing the "rumor"?

It's true. Period.

I've heard a rumor that Litecoin is now able to be mined with GPUs.  If this is true, that will kind of spoil it for those who mine with just CPUs.  Any truth to this rumor?