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Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 348. (Read 1467291 times)

hero member
Activity: 560
Merit: 501
We just hit diff 0.98673512!

Average time to find a block for every 1KH/s is now 49.05 Days.
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
Any interest in physical litecoins?
https://bitcointalksearch.org/topic/physical-litecoins-53596
Please discuss in that thread.
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
Orphans are actually common when solo mining the alt chains.
If I use "listtransaction * 20000" (I did early solo mining but also received a lot of LTC dust so I need a large number there ...)
I see a lot of orphans ... specifically ... 90 of them Tongue (and 99 generate)
sr. member
Activity: 378
Merit: 250
I tried mining some LTC and I got 100LTC from mining in 50 coin chunks. I do however have 4 transactions listed, so it seems like I have 2 transactions that didn't give me any coins. Is that normal? Why is it this way?
Those are (probably) orphans. They're hidden from the transaction view in the official client, but you'll see them if you activate the RPC server of the GUI client or start a daemon and run
Code:
listtransactions
So I almost had 50 extra LTC but was declared the loser. Oh well.
hero member
Activity: 560
Merit: 501
I tried mining some LTC and I got 100LTC from mining in 50 coin chunks. I do however have 4 transactions listed, so it seems like I have 2 transactions that didn't give me any coins. Is that normal? Why is it this way?
Those are (probably) orphans. They're hidden from the transaction view in the official client, but you'll see them if you activate the RPC server of the GUI client or start a daemon and run
Code:
listtransactions
sr. member
Activity: 378
Merit: 250
I tried mining some LTC and I got 100LTC from mining in 50 coin chunks. I do however have 4 transactions listed, so it seems like I have 2 transactions that didn't give me any coins. Is that normal? Why is it this way?
legendary
Activity: 1764
Merit: 1015
I have to say I am happy that Litecoin and all the alternative currency's are here. I have learned a ton about Bitcoin simply by hanging out in this section and reading all of your posts. I have begun to realize through intense philosophical and technical analysis that Bitcoin is truly king...

and litecoin is the queen?
No, Litecoin is a copy of Bitcoin with no "real" improvements.

EDIT: A third party service could (and probably will) replace LTC and all other Alt currency's, simply by allowing "instant" BTC payments, and some sort of fraud + BTC vault protection. Wink
hero member
Activity: 826
Merit: 1000
I have to say I am happy that Litecoin and all the alternative currency's are here. I have learned a ton about Bitcoin simply by hanging out in this section and reading all of your posts. I have begun to realize through intense philosophical and technical analysis that Bitcoin is truly king...

and litecoin is the queen?
legendary
Activity: 1764
Merit: 1015
I have to say I am happy that Litecoin and all the alternative currency's are here. I have learned a ton about Bitcoin simply by hanging out in this section and reading all of your posts. I have begun to realize through intense philosophical and technical analysis that Bitcoin is truly king...
legendary
Activity: 4592
Merit: 1851
Linux since 1997 RedHat 4
I don't know if this has already been brought up or not, but..

Quote
Pyramid scheme

Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.

https://en.bitcoin.it/wiki/Litecoin  Cheesy
Yeah, I talked to genjix about it, he dodged my question conveniently.
Without proper citation, a statement like "a malicious entity needs only produce a single piece of specialized/custom hardware to overtake all the commodity mining systems combined" has absolutely no place in a wiki.

Guilty until proven innocent, eh!
Well ... that's the law in France ... Tongue
hero member
Activity: 560
Merit: 501
I don't know if this has already been brought up or not, but..

Quote
Pyramid scheme

Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.

https://en.bitcoin.it/wiki/Litecoin  Cheesy
Yeah, I talked to genjix about it, he dodged my question conveniently.
Without proper citation, a statement like "a malicious entity needs only produce a single piece of specialized/custom hardware to overtake all the commodity mining systems combined" has absolutely no place in a wiki.

Guilty until proven innocent, eh!
mrx
member
Activity: 86
Merit: 10
I don't know if this has already been brought up or not, but..

Quote
Pyramid scheme

Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.

https://en.bitcoin.it/wiki/Litecoin  Cheesy

and it's protected now because of a latest violation of RR3 (I know they don't have that rule, so edit war?).

however litecoin and solidcoin are the only cc`s on bitcoin wiki Wink
hero member
Activity: 630
Merit: 500
Posts: 69
I don't know if this has already been brought up or not, but..

Quote
Pyramid scheme

Since the aforementioned reasons mean Litecoin has no future potential, it effectively functions as a pyramid scheme, rewarding those who get in sooner at the expense of those who adopt it just before it finally fails (and are left with nothing). This is not the case for Bitcoin, since it has significant potential to become a long-term currency and continually be beneficial to adopters no matter when they begin using it.

https://en.bitcoin.it/wiki/Litecoin  Cheesy
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
For those of you using the Litecoin p2pool, forrestv has released an update that will make things better. You must update before Dec. 2, or else your p2pool will not work properly. See this thread for more details: http://liteco.in/threads/130-kh-s-distributed-litecoin-pool-using-p2pool.29/

And if you have not tried p2pool yet, why not give it a try?
legendary
Activity: 1876
Merit: 1000
when i try to send small donation to coblee i get : error: {"code":-4,"message":"Error: Transaction creation failed  "}
the goal is to empty out the old wallet.dat cause its over 51 Mb in size with only small amount in it because of the nasty spamming



if you want to empty an old wallet...  just delete it Wink
donator
Activity: 1218
Merit: 1079
Gerald Davis
Ports forwarded (i think), only 8 active connections and syncronising to the network is has been at 1% for 20 mins?

Use this to check if the port is actually open in your router/firewall http://canyouseeme.org/
hero member
Activity: 900
Merit: 1000
Crypto Geek
Ports forwarded (i think), only 8 active connections and syncronising to the network is has been at 1% for 20 mins?
donator
Activity: 1654
Merit: 1351
Creator of Litecoin. Cryptocurrency enthusiast.
when i try to send small donation to coblee i get : error: {"code":-4,"message":"Error: Transaction creation failed  "}
the goal is to empty out the old wallet.dat cause its over 51 Mb in size with only small amount in it because of the nasty spamming

If you have less than 0.01 LTC in your wallet filled with transaction spam, I would suggest that you just throw that wallet away. Sending those coins will cost you more in fees and further bloat the chain.
hero member
Activity: 774
Merit: 500
Lazy Lurker Reads Alot
when i try to send small donation to coblee i get : error: {"code":-4,"message":"Error: Transaction creation failed  "}
the goal is to empty out the old wallet.dat cause its over 51 Mb in size with only small amount in it because of the nasty spamming

full member
Activity: 132
Merit: 100
Just one address with like 75k txes  Grin

Thou, I have backup of wallet.dat before spam dusting so I think I can restore it, remove spam address (had just 1 LTC on it) and continue using wallet without a problem  Cool
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