[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 409.

ripper234

legendary

Activity: 1358

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Ron Gross

Quote from: wannaBhacker on October 12, 2011, 10:07:12 AM

I'm considering opening my pool tonight so you can connect now, and then when the info is released for the main, I can make the switch and all the miners will update automatically.

Would P2Pools work for LiteCoin?
If we're trying a good, fair, "Bitcoin reboot" of sorts, how about directing people to use P2P pools from the get go?
One of the current issues in Bitcoin that I'd like to see resolved is the huge centralized pools dominating the market.

Is there a disadvantage to using P2Pool over centralized pools?

michaelmclees

hero member

Activity: 633

Merit: 500

Quote from: wannaBhacker on October 12, 2011, 10:17:04 AM

Quote from: michaelmclees on October 12, 2011, 10:10:46 AM

Quote from: wannaBhacker on October 12, 2011, 10:07:12 AM

I'm considering opening my pool tonight so you can connect now, and then when the info is released for the main, I can make the switch and all the miners will update automatically.

On the flip side of the coin, doing so I am afraid will make the first blocks a cluster fuck of orphans and everyone will get pissed off.

Thoughts are more than welcome. My original thoughts were to wait until a couple of difficulty changes. Being as the time switch for most of us will be while we normally sleep, I thought one person awake might be better than all of us.

Oh, and if anyone wants some testnet coins, give me an address and I'll send you 10,000.

I'm inclined to ask you to wait for a day or so so we can get an established chain going. Difficulty initially will be low enough that no one would benefit from using a pool anyway. This hopefully will change quickly.

That's already the plan. Just wanted to make sure it wasn't needed/wanted because of the time of the switch over. I have not released the address to the pool so even though I'll have my miners pointed at it, no one else will be able to use it yet.

I think that is for the best. Others may disagree.

wannaBhacker

member

Activity: 96

Merit: 10

Quote from: michaelmclees on October 12, 2011, 10:10:46 AM

Quote from: wannaBhacker on October 12, 2011, 10:07:12 AM

I'm considering opening my pool tonight so you can connect now, and then when the info is released for the main, I can make the switch and all the miners will update automatically.

On the flip side of the coin, doing so I am afraid will make the first blocks a cluster fuck of orphans and everyone will get pissed off.

Thoughts are more than welcome. My original thoughts were to wait until a couple of difficulty changes. Being as the time switch for most of us will be while we normally sleep, I thought one person awake might be better than all of us.

Oh, and if anyone wants some testnet coins, give me an address and I'll send you 10,000.

I'm inclined to ask you to wait for a day or so so we can get an established chain going. Difficulty initially will be low enough that no one would benefit from using a pool anyway. This hopefully will change quickly.

That's already the plan. Just wanted to make sure it wasn't needed/wanted because of the time of the switch over. I have not released the address to the pool so even though I'll have my miners pointed at it, no one else will be able to use it yet.

michaelmclees

hero member

Activity: 633

Merit: 500

Quote from: wannaBhacker on October 12, 2011, 10:07:12 AM

I'm considering opening my pool tonight so you can connect now, and then when the info is released for the main, I can make the switch and all the miners will update automatically.

On the flip side of the coin, doing so I am afraid will make the first blocks a cluster fuck of orphans and everyone will get pissed off.

Thoughts are more than welcome. My original thoughts were to wait until a couple of difficulty changes. Being as the time switch for most of us will be while we normally sleep, I thought one person awake might be better than all of us.

Oh, and if anyone wants some testnet coins, give me an address and I'll send you 10,000.

I'm inclined to ask you to wait for a day or so so we can get an established chain going. Difficulty initially will be low enough that no one would benefit from using a pool anyway. This hopefully will change quickly.

michaelmclees

hero member

Activity: 633

Merit: 500

Quote from: ripper234 on October 12, 2011, 10:04:19 AM

Quote from: ripper234 on October 12, 2011, 10:00:34 AM

Quote from: Matoking on October 12, 2011, 09:55:52 AM

You need to edit your litecoin.conf file after the launch if you want to mine.

Can't I just edit litecoin.conf to testnet = 0 a few hours before launch, then set my delayed miner?
Or will some secret information be released at 3GMT to be added to litecoin.conf ?

Does the new optimized for Intel Tenebrix miner work on Litecoin as well?

The new miner does work for LiteCoin. You'll see a small increase if you use it. I'm not sure if source is available or needed... so I can't vouch for safety or anything like that.

wannaBhacker

member

Activity: 96

Merit: 10

I'm considering opening my pool tonight so you can connect now, and then when the info is released for the main, I can make the switch and all the miners will update automatically.

On the flip side of the coin, doing so I am afraid will make the first blocks a cluster fuck of orphans and everyone will get pissed off.

Thoughts are more than welcome. My original thoughts were to wait until a couple of difficulty changes. Being as the time switch for most of us will be while we normally sleep, I thought one person awake might be better than all of us.

Oh, and if anyone wants some testnet coins, give me an address and I'll send you 10,000.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: ripper234 on October 12, 2011, 10:00:34 AM

Quote from: Matoking on October 12, 2011, 09:55:52 AM

You need to edit your litecoin.conf file after the launch if you want to mine.

Can't I just edit litecoin.conf to testnet = 0 a few hours before launch, then set my delayed miner?
Or will some secret information be released at 3GMT to be added to litecoin.conf ?

Does the new optimized for Intel Tenebrix miner work on Litecoin as well?

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: Matoking on October 12, 2011, 09:55:52 AM

You need to edit your litecoin.conf file after the launch if you want to mine.

Can't I just edit litecoin.conf to testnet = 0 a few hours before launch, then set my delayed miner?
Or will some secret information be released at 3GMT to be added to litecoin.conf ?

Matoking

sr. member

Activity: 352

Merit: 250

Firstbits: 1m8xa

You need to edit your litecoin.conf file after the launch if you want to mine.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

I was planning to be awake for the launch, but I'm way sleep deprived so I won't make it.
Here is how I plan to start mining at 5 AM:

Quote

REM fill in number of seconds until 3:15 GMT below

sleep 3600

cd litecoin-windows-daemon-10-09-2011
start litecoind
cd ..\litecoin-windows-miner-10-10-2011
sleep 10
call "mine 7 threads.bat"

What I assume that by 3:15 GMT everything will really be up an running, right?
If not, my daemon will crash and I'll lose a good few hours of mining.

* Crossing fingers against last minute production issues.

Ashkelon

full member

Activity: 188

Merit: 100

Quote from: worldinacoin on October 12, 2011, 08:58:11 AM

I don't think there is any superiority or inferiority, it is not comparing apples to apples, namecoin has a specific function for nameservers but litecoin should be more akin to bitcoin etc except that it is based on CPU mining rather than bitcoin which is trending towards GPUs.

Fair enough, I guess I didn't express myself very well. Anyway, I went and add a deeper look and answered my questions, thanks anyway

worldinacoin

hero member

Activity: 756

Merit: 500

I don't think there is any superiority or inferiority, it is not comparing apples to apples, namecoin has a specific function for nameservers but litecoin should be more akin to bitcoin etc except that it is based on CPU mining rather than bitcoin which is trending towards GPUs.

Quote from: Ashkelon on October 12, 2011, 08:30:26 AM

i realise this might not be the best place to ask, but I'm not quite clear on the superiority of litecoin vs namecoin, any chance you guys might enlighten me?

Ashkelon

full member

Activity: 188

Merit: 100

i realise this might not be the best place to ask, but I'm not quite clear on the superiority of litecoin vs namecoin, any chance you guys might enlighten me?

atticus

newbie

Activity: 9

Merit: 0

Assuming launch goes well, this might be the best of the GPU hostile currencies. It's the only one not ridiculously premined...

I think full support should be thrown behind this coin, versus trying to keep Fairbrix alive. They are too similar overall, and Fairbrix has already been hacked... barely anyone is mining it now. For Litecoin to succeed we need to push for a pool first and eventually an exchange.

terrytibbs

hero member

Activity: 560

Merit: 501

Quote from: norulezapply on October 12, 2011, 06:37:53 AM

Is adding daemon=1 necessary? Mine runs perfectly fine with just server=1

I think daemon might have been deprecated by the looks of the bitcoin wiki

Edit: Nevermind, look at my post just above this.

localhost

sr. member

Activity: 392

Merit: 250

Quote from: norulezapply on October 12, 2011, 06:37:53 AM

Is adding daemon=1 necessary? Mine runs perfectly fine with just server=1

Mine too. I'm getting rich on the testnet lol

norulezapply

hero member

Activity: 481

Merit: 502

Is adding daemon=1 necessary? Mine runs perfectly fine with just server=1

I think daemon might have been deprecated by the looks of the bitcoin wiki

worldinacoin

hero member

Activity: 756

Merit: 500

For me the time is just perfect, can set it up and go for my lunch!

terrytibbs

hero member

Activity: 560

Merit: 501

I'll try waking up early in the morning to upload the litecoin.conf to http://litecoin.org/downloads/litecoin.conf for you shell-script ninjas. I'm not promising anything, but I'll do my best to get it up as soon as coblee gives us all the genesis hash.

Please note that I will not be specifying an rpcuser or rpcpassword argument for you. It is up to you to pass this onto your daemon with the -rpcuser and -rpcpassword parameters. Also make sure you add -server and -daemon if you're running on a headless box.

Edit: I've decided to specify all the parameters, you can just wget the configuration file and be all set for mining.
Here's how the config will look once pushed to the server:

Code:

rpcuser=miner
rpcpassword=litecoin
server=1
 
// Genesis hash will replace this line.

Ashkelon

full member

Activity: 188

Merit: 100

is there any chance of implementation within the btc-e exchange?

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 409. (Read 1467253 times)