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Topic: [ANN][LCC] Litecoin Cash | SHA256 LTC fork @ block 1371111 | 10:1 claim ratio - page 106. (Read 56927 times)

newbie
Activity: 32
Merit: 0
Hey Guys,

I'm a complete noob who started with crypto currencies a couple of days ago.

Yesterday i bought some LTC and now i transferred them into my Electrum Wallet.

Now to be able to claim the LCC after the fork, I need the private key of my Electrum Wallet, which then I have to import in the LCC wallet?

However, if I export the private keys into a csv-file, there are 26 private keys... Which one do I need?

Sorry for the stupid question, as I said, I'm a noob.

Thanks!
full member
Activity: 336
Merit: 111
Bitcore (BTX) - The Future is Now
Just an fyi for those who are unaware of price hike for LTC. It is NOT because of this fork, it is because of LITEPAY feature.
hero member
Activity: 1276
Merit: 622
...

@Totscha: Main development has happened in our private BitBucket account. GitHub is used as a staging/integration tree. This is currently a private repo but will be public the same instant we release binaries; we want to checkpoint the last scrypt block before we release. Regarding cold/hot place, right now it's a little chilly so our preference is the inferno.


You're good. A calm response... Smiley

Even if you are completely legit. And you'll have a hard time convincing me. I still feel the whole project is at the least unnecessary. It doesn't bring anything new to the table, not really.

Using SHA256? The miner with the best efficiency that is willing to mine for the lowest profit margin is going to eliminate any miners wanting to use legacy hardware. Using an effective retargeting algo is not going to solve that. So that's not really something you can use to promote your coin.

And then there's this thing I hear about a 1% premine. Modest. Smiley Just 5.5 Mil LCC, phew. Why did I even bother to mention this!? Pocket change...

So in conclusion, there is a way to convince me of your honest intentions, but it would require:
- full source code at least one week prior to block 1371112 being mined
- mining open to everyone for block 1371112, no Dash style mining launches thank you very much
- zero premine

Until then, cold dark place it is Wink
newbie
Activity: 15
Merit: 0
hello, when its will be added to exchanges?
copper member
Activity: 79
Merit: 10
Official LitecoinCash account
I support this fork.  This is the first Litecoin fork and I believe it will be successful.  Free coins anyways.  Just make sure you follow a safe secured process to get your coins.  

securing the process is not a problem what i'm worried is the risk of installing the executable wallet file to claim them. is it safe? what happen if it infect your window with trojan, malware, keylogger without realising it?  Huh

This is a valid point. While we'll release checksums that you can use to verify the executable integrity, you indeed have to trust that we haven't given out exploitative binaries in the first place.

Remember that you don't have to claim straight away -- your LCC will still be waiting for you. If you're skeptical, wait and see how other people report their claiming experiences.

@Totscha: Main development has happened in our private BitBucket account. GitHub is used as a staging/integration tree. This is currently a private repo but will be public the same instant we release binaries; we want to checkpoint the last scrypt block before we release. Regarding cold/hot place, right now it's a little chilly so our preference is the inferno.

@Gazanet: If your coins are in Jaxx before the fork, there is nothing else you need to do. After the fork, simply send your LTC to a new receive address in Jaxx, then extract the private key of the "old" Jaxx address and use that to claim your coins. Practice safe forking! <3
newbie
Activity: 9
Merit: 0
do I understand correctly, if the coins are in the wallet JAXX, anything with the keys to do and coins to earn?
hero member
Activity: 1276
Merit: 622
It's a useless fork no one asked for. This is solving a problem that doesn't exist. And doing a piss poor job of it.

The GitHub page is a joke. There is no core source code (client, nodes, wallet, etc...), just some useless code snipets. They haven't even bothered to create a real project fork on GitHub. They joined Github two weeks ago, they claim the development has lasted much longer. Sure they could have done that offline, but this is then a closed source project. This makes them highly suspect.

The use of SHA256 is a joke. Use of old mining hardware is a stupid proposition. The only coin worth mining with SHA256 is Bitcoin and you need the latest hardware. If an alt coin becomes more profitable it gets some of Bitcoins massive hashrate that effectively pushes your old machine out of the game.

The creators know they don't stand a chance creating a whole new coin by themselves. They are counting on your greed for the airdrop to get in the game using minimal effort.

I'm actually a bit conflicted about the situation. Not sure if I would rather send the creators to cold dark place or a hot blazing inferno. Decisions, decisions...
newbie
Activity: 33
Merit: 0
I support this fork.  This is the first Litecoin fork and I believe it will be successful.  Free coins anyways.  Just make sure you follow a safe secured process to get your coins.  

securing the process is not a problem what i'm worried is the risk of installing the executable wallet file to claim them. is it safe? what happen if it infect your window with trojan, malware, keylogger without realising it?  Huh
sr. member
Activity: 826
Merit: 250
You can not only bring twist and huge interest in this fork but also can make the claiming process more smooth and eventful by taking some of the major exchanges on board. It is up to you how to convince them if few big exchanges show support for this people will easily claim and immediately trading also can start after the fork.
member
Activity: 494
Merit: 10
I support this fork.  This is the first Litecoin fork and I believe it will be successful.  Free coins anyways.  Just make sure you follow a safe secured process to get your coins. 
copper member
Activity: 79
Merit: 10
Official LitecoinCash account
@zaratu: Try this; when you get to the debug console, first do:

Code:
walletpassphrase YOUR_PASSWORD_HERE 60

then do

Code:
dumpprivkey YOUR_ADDRESS_HERE

The "60" in the first command is required, and specifies how long you want to unlock the wallet for.

@elchavotravieso, @Andrey3722: Actually Electrum's a bit annoying for this purpose. It supports a BIP44/BIP39 master key from which all our receive keypairs are generated, just like a Ledger. However, just like a Ledger, it also won't show you the derived keys, meaning you have to use an external tool to derive the keys from your phrase and then import THOSE into Litecoin Cash.

This is doable, but it's a real hassle. Try Jaxx instead.
EEM
member
Activity: 194
Merit: 32
is this a legit airdrop ? satoshi lee said that all litecoin pay variant are scams ... advice ?
There was a url to their opinion on the 9th page: https://smartoptions.io/interview-litecoincash/
sr. member
Activity: 518
Merit: 261
is this a legit airdrop ? satoshi lee said that all litecoin pay variant are scams ... advice ?
newbie
Activity: 40
Merit: 0
In regards to the difficulty, and the fact that it will be low difficulty, will we be able to mine efficiently for the first few weeks or so with regular gtx/ radeon graphics cards?


I would like to hear this. Those bitmain v9 are more likely to mine this coin.  Grin
member
Activity: 148
Merit: 12
CryptoWorld!
Hello, I transferred LTC to the Electrum LTC wallet. Electrum LC will support the plug. and I will also be given for every LT 10 LT cache?


i would like to know more about Electrum as well.
newbie
Activity: 20
Merit: 0
In regards to the difficulty, and the fact that it will be low difficulty, will we be able to mine efficiently for the first few weeks or so with regular gtx/ radeon graphics cards?
newbie
Activity: 8
Merit: 0
@zaratu You need to unlock your wallet first.

However, DON'T pre-export your key. It's fine to dumpprivkey on some new, zero-balance address that you just made to test.

For maximum safety, you don't want to even see that key until you've already moved the funds to a new address after the fork. This is just in case your PC is compromised and something can capture your screen or clipboard; ideally we don't even see that key until it's not holding LTC any more.

Practice safe forking!  Smiley

Please tell me how to unblock it, because the function is given only to change the password in Litecoin Core.
copper member
Activity: 79
Merit: 10
Official LitecoinCash account
@zaratu You need to unlock your wallet first.

However, DON'T pre-export your key. It's fine to dumpprivkey on some new, zero-balance address that you just made to test.

For maximum safety, you don't want to even see that key until you've already moved the funds to a new address after the fork. This is just in case your PC is compromised and something can capture your screen or clipboard; ideally we don't even see that key until it's not holding LTC any more.

Practice safe forking!  Smiley
newbie
Activity: 8
Merit: 0
@MyAdverts: Sure Smiley To start with, if you've used a whole bunch of different receive addresses it can make your life easier to make a new receive address, and send all your coins to yourself before the fork. That way, you only have one key to import later.

1. After the fork block, create another new receive address and send all your coins to that new address. This is to protect your LTC -- remember the Golden Rule for Safe Forking: Never paste a private key that still holds live funds into ANY wallet or website -- including ours.

2. If you sent all your coins to yourself in step 1 you only need to do this once (otherwise, repeat for every LTC address you had that held funds during the fork block). In Litecoin Core, hit the Help menu -> Debug window -> Console. Type the following:

Code:
dumpprivkey YOUR_LTC_ADDRESS_HERE

3. The string returned by that command is your private key. In the Litecoin Core wallet, hit File -> Import Private Key and paste it in. When you paste an address, the wallet will offer to rescan the blockchain. If you're importing multiple keys, say No -- if you're importing a single key, or the last of your multiple keys, say Yes.

The resync process will take a few minutes; after that your wallet will show your LCC balance.

@grungie: Not yet, but we're working tirelessly behind the scenes on getting. You'll hear it here first, so just check back -- the original post will be edited as soon as we have news. Or come and join our Discord for up-to-the-minute news 'n' gossip.

@hermi: Yes! You can mine with any SHA256 hardware. It looks like there will be at least one pool ready to go right at launch. Details will be added to our website and the [ANN] soon, but hop on Discord if you'd like latest info on potential pools.


After entering such a command with the address of the test wallet, I received such a response in the console Litecoin Core:
"Error: Please enter the wallet passphrase with walletpassphrase first. (code -13)"
sr. member
Activity: 896
Merit: 290
What about Trezor guys, will our Trezor stored LTC be able to claim LCC?

It was such a pain in the ass to claim bitcoin cash from trezor when it forked, so even if they do support (which i doubt) I wouldnt use it.

Its really simple guys just make sure you have the private key of the wallet where all your litecoin is at the time of the forking block...after that block you can move your litecoin to a separate address if your worried about importing a private key....your litecoin cash will still be associated with the private key you had at the time of the fork.

I know its tempting to try and get your LCC right at the time of the fork, especially if your trying to sell fast. but i encourage people to wait to claim to avoid any potential issues.
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