Topic: [ANN] LitecoinPLus wallet update - PoW added - page 9. (Read 34758 times)

as long as you have connections (click help, then debug window) it will sync on it's own.
the wallet does pause several times while syncing -
If you notice it paused for more than a minute, restart the wallet.

how to sync wallet ?

Thank you for that explanation.

just by coincidence, after I posted this question I received a stake reward and I understand what you said because it only had a portion of my total balance listed in Stake: while the tx was confirming. Once confirmed it added the stake balance back to my total balance.

As far as that second part of my question about coin configuration; you might remember I was talking with you on Discord the other evening about CoiniumServ and mining and trying to get the solved blocks recognized by CoiniumServ and into the DB.

It does mine and I receive the entire 1.75 LCP in my wallet when I solve a block but it is not being recognized by CoiniumServ for some reason and that is what I was trying to figure out. I am trying this configuration now and just waiting to hit another block to see if it works.



I don't know if any of that bottom section seems to ring a bell as it relates to the source for LCP. I have browsed through it a bit but not thoroughly. Of course, I am not a coder either so it would just about all be greek to me.

Thanks. See you on Discord.


             - Buffalo

lcp is a clone of litecoin, so it would be the closest.
stake is coded at 15% annual
if you were to leave your coins in your wallet, and leave your wallet open to stake 24/7 you should see around 15% in one year.
Now, there are a few things that come into play.

Coin Control 'How To' Document

First the reasons for using coin control

When you successfully stake a block of coins, the block is split into two blocks.
Eventually, the blocks will become so small, the stake reward will be 0
(there are only 8 decimal places)

So you will want to recombine them to larger blocks (or just one block)
to do that, you select the small blocks, and send them to yourself (your receive address) so it becomes 1 block.

Coin control is located on the "send coins" tab
You should see a "Inputs.." button
 - if you don't see the inputs button, you need to change the setting s to show it.
 - click settings, options - then the Display tab. Check the box to Display coin control features.

On the Send coins tab, click the Inputs button.
A new form will open - check the circle (radio button) for List mode.

Now you can see all of your blocks of coins

select which blocks you want (I just start at the bottom)
as you select blocks - the Byte count will go up - if it turns red, you have to many - unselect a few

you will have to decide how big you want your blocks.

Once you have your blocks selected, click ok

Copy your address from the "Received coins" tab, and paste it into the "Pay to:" box
fill out the amount - and click send

--------------------

staking is your wallet mining.
when you find a block - the reward is the stake amount -
you are competing with other wallets staking (mining for a block)
the first wallet that finds it, gets the reward, then all wallets (that are staking) move on to the next block
so there is a bit of luck involved also, but it all averages out after a while

Thanks for that info on the Coin Control feature. I could have used something like that on my Nano S hardware wallet at one time when I received a boatload of dust from DGB P2Pool mining and it messed things up so bad I had a huge amount of trouble trying to get my coins out of the wallet.

I have a question about staking in LCP though. When I hover over the arrow it pops up with the following:

Staking.
Your weight is xx
Network weight is xxxxx
You have a 50% chance of producing a stake in 2 day(s).

Is staking something like a lottery? I had read that staking was 15% but it would seem by the statement made that it 'could' be 15% or maybe not.

If there is a link that details better how that works then I would be interested in reading it and save you from having to explain it all here.

Also. as it relates to how the wallet would interact with a mining pool, would Peercoin be close to LCP in getting blocks and RPC interaction?

This would be a coin definition in a particular mining software for Peercoin:


Disregard the sha256 algo of course. Does that seem to make sense to how the LCP wallet works? If not, what would be a coin that is closest to LCP in RPC mining interface and requirements for coin definition?

staking wise, it doesn't really matter - except the amount of coins will be split up in smaller groups, and you will loose  a few sats because there are only 8 decimal places.

Also keep in mind that when a block of coins stake, it is split in two (then again, then again ...)
You will want to use the coin control to regroup them into larger blocks of coins.

Coin Control 'How To' Document

First the reasons for using coin control

When you successfully stake a block of coins, the block is split into two blocks.
Eventually, the blocks will become so small, the stake reward will be 0
(there are only 8 decimal places)

So you will want to recombine them to larger blocks (or just one block)
to do that, you select the small blocks, and send them to yourself (your receive address) so it becomes 1 block.

Coin control is located on the "send coins" tab
You should see a "Inputs.." button
 - if you don't see the inputs button, you need to change the setting s to show it.
 - click settings, options - then the Display tab. Check the box to Display coin control features.

On the Send coins tab, click the Inputs button.
A new form will open - check the circle (radio button) for List mode.

Now you can see all of your blocks of coins

select which blocks you want (I just start at the bottom)
as you select blocks - the Byte count will go up - if it turns red, you have to many - unselect a few

you will have to decide how big you want your blocks.

Once you have your blocks selected, click ok

Copy your address from the "Received coins" tab, and paste it into the "Pay to:" box
fill out the amount - and click send

Hi,

Does it help to get more coins from staking if you create - for example - 10 different addresses in your wallet and put some coins in each address?
Or really doesn't matter?

Thanks

Hash-to-coins.com also added LCP.

https://www.cryptopia.co.nz/Exchange/?market=LCP_BTC
https://coinsmarkets.com/trade-BTC-LCP.htm
https://cryptohub.online/market/LCP/
https://alltrade.center/
http://coinsnow.in/
https://www.troca.ninja/
 https://novaexchange.com/market/BTC_LCP/

Discord isnt an exchange. its a Chat Tool....     they say they have a LIST of exchanges on the discord channel.

Anyone knows what just happened?

I am sure it wasn't because of my previous comment LOL

Thanks mate

start reward at 2 and reduce by .25
1)200,000 at 2    = 400,000
2)200,000 at 1.75 = 350,000
3)200,000 at 1.5  = 300,000
4)200,000 at 1.25 = 250,000
5)200,000 at 1    = 200,000
6)200,000 at .75  = 150,000
7)200,000 at .5   = 100,000
                 ---------
                 1,750,000  1.3 years
then the final reduction to .25 LCP
That takes us roughly to half way to the cap of 4,000,000

2 blocks a minute at 1,140 minutes in a day 2,280 blocks a day
2,280  at .25 is 570 LCP created
2,000,000 by 570 is 3,500 days (9.6 years)

so over 9 years to get half way

Hi,

Could please anyone inform us when the last coin will be mined? (dev please  )

I think as lots of coin still left unmined some investor are hesitant to put a good money into this! (I can be wrong!)

Thanks

This coin has a bright future.
Maybe we all should talk to people around us to make sure they don't miss a great investment opportunity.

A few 10s or 100s dollars won't make anyone poor ... but can make some very tich

Good luck to all developers !

Is there any exchange listed other than discord?