Topic: Litecash is the first fork of Beam, and it's mineable too  -  What & How? (Read 930 times)

what is the future of litecash ?

Hello and G'day,

my name is Lothar im here to let you and your community know, that the Litecash (CASH) project, active today, has nothing to do with any other 'old' Lite*LTD* or Litecash* coins on the market, as the new team started up a new Litecash (CASH) project in april 2021. so just about 2 month ago.
the new Litecash (CASH) project is a community based project with open source using a fork of the beamhash algo. because the owner of the codebase
at github wasnt reachable anymore, the new team did softfork the code to a new github repo.  --> https://github.com/Litecash-Dev
i include here some more links to the 'now known as Litecash' sides, you might wannt to have a look at. maybe just to double check and see for yourself,
that this is a totaly different project or maybe to find out about a new interesting coin project in crypto.
its sad, that scams like the one mentioned happen, but to clearefy things for todays Litecash (CASH) and to not scare people away from the new project, i would like to say thx the the channel owner/operator for maybe not deleting this post.

if you have any qustions or suggestions please feel free to contact us on discord or telegramm.

https://lite-cash.com/

http://explorer.lite-cash.com/

https://lite-cash.com/litepaper.pdf

https://t.me/litecashgroup

https://discord.com/invite/kga9sgg


regards

Why?  This coin is utterly useless.
Now that the devs sold and made their BTC they will let this die a slow death.
Useless project tied in with dumb shillers on twitter

Then modify the starting info and replace official website ..

yes.... it is changed to https://lite-cash.com

https://lite.cash/ not working

Great project ... Remember to download a new wallet from their github (not from the website which can be outdated). Target price for me 1 Litecash = 1 USD.

really just don't sell low, can go x10 pump price easy...

https://tradeogre.com/exchange/BTC-CASH

YEA!!!!    Now Add to TradeOgre, will be pump 100% !!!!!!   Gogogogo)))))

don't sell cheap

To each their own I guess. Considering the team "full of liars" is not all of the same team in which the project started with its hard to just let it go by saying we are all lumped in but I guess people can go whichever way they please.

@Voskcoin - Sorry this made a witch-hunt out of your post, but we are still grateful for you write up on us and appreciate all you do.

Everyone else, please feel free to check us out and determine your own feelings/opinions.

-SteelReign



...EDIT...


Also, they already have started to change. New members joining from here and new posts from supporters that have given us a chance.

I know you have a poor opinion on us however I wish you would give us a shot, the others that have are not regretting it.

Who do you expect to trust you and your project with such an unprofessional approach?
Nobody is going to just throw their trust to a company full  of liars who steal people's photos and then claim that it's their team

It's a stupid move and you fucked up... You are wasting your time here. Members' opinion on you being scammers is not going to change.

If someone steals someone's identity, they will never be trusted

So when you are ready to accept that we are in that 0.01% range and realize we aren't scamming anyone feel free to check us out. I don't know what else you want from us other than acknowledging the mistake, developing a real product, and growing a community over the past 10-ish months in which we have had ZERO complaints about scamming other than comments made resulting from the initial post that was flagged.

What makes it worse is that you not only refuse to give a company a chance to prove themselves but take it even further by threatening anyone willing to support us with a red flag?

For those of you who don't know about Litecash a.k.a Beam, They were busted for Stealing people's identity to create FAKE Team profiles last year which is a characteristic of 99.99% of Scammers here. Read here for more details: https://bitcointalksearch.org/topic/litebeam-scam-fake-team-stealing-peoples-identity-5123249

Do not trust or waste your value time with these chaps... Anyone who advertise scams risks getting a red tag from DT members. Don't say i didn't warn you.

I did not claim that this is a scam, I wanted to check if anyone has any suspicions btw some words and posts on discord have disappeared;)

When I asked about the litebeam on their discord I was immediately banned, and I just noticed that jeff changed his profile picture from this picture =>> https://ibb.co/cYKxDTQ <<= to a superman.

Welllp, I withdraw my statement and apologize. I looked up my side of the conversation and it was still there, guess I should have looked for both sides. I guess I am not the only one who moderates after all Was not me and I am not yet sure who/why this was done. Humm... I do know it wasn’t to hide anything as it’s being addressed on the face of it on here and other mediums.

-SteelReign

have you checked jacekbb's chats with you on discord? i didn't see it

Was there a point to this screen shot being posted again? It was added originally by Vosk(OP) and I said you could search for the conversations on discord that they weren’t deleted. So I’m confused on your post?

What’s been deleted? The old Ann post is still there and if you search the “general” channel in our discord for litebeam it’s all still there. You can still find Jeff and I’s conversations with people about it.

I'm hearing about this for the first time, but I'm pretty sure this is not a scam. I'm bit familiar with your research and work approach

so, what's your opinion now?

the chat about litebeam has deleted by litecash's team

Well, I don't normally post on here but since I was tagged in a screenshot I figured I should.

Is Litecash previously known as Litebeam? Yes. Yes they are. At launch, I was actually not part of the team, I was simply a guy looking for a new coin. Here it is 9 months later and sticking with this project was one of the best decisions I could have made. I got to the project from the old post and read all the comments and didn't feel as bothered by some of the things as others were and went into the discord. What I found was a very new community just getting their feet off the ground and was trying to overcome some decisions that had resulted in some negative comments. Once I got to know the team and saw how things really were, I was hooked. I am not a founding member or anything but I am glad I joined as early as I did.

Now, on to a couple points from before:

Nanty: I am fairly active in the discord and yet I haven't seen you post? I also don't see you in our (very small) ban list. Please feel free to join and post again.

Scam claims: What could be a scam, I still don't understand this? No pre-mine. No "official" pool hosted by us to collect any mining fees. Raising money used to fund things like this Voskcoin article and listing fees on Citex and TradeOgre came from donations from the community and out of pockets of the team, and short of giving exact pricing on what we were charged after negotiations with said companies, we can show that donations that were given were used for that. I would like to know what people's actual concerns are when it comes to it being a scam coin/project?

Anyone who knows me from the Brave/BAT telegram (back before it went read only) and Brave regional managers community knows me and knows that I am fair and honest when it comes to moderating and I don't beat around the bush. I encourage anyone who has questions to join the discord and ask or even PM me specifically. If you don't use discord, feel free to find me in the official BAT group and PM there, just search posts for @SteelReign and click my name on one of the admin posts.

Thanks,
SteelReign



 

that's not good.. I was never familiar with litebeam

I searched litebeam ANN thread, found it, clicked discord link (site inactive now) and it takes you to the litecash discord



searched litebeam and returned these results




and most recently

I think this is scam. https://bitcointalksearch.org/topic/litebeam-scam-fake-team-stealing-peoples-identity-5123249 It looks like re-brand from litebeam. And when i ask them on DISCORD they banned me immediately.

Litecash is the first fork of the mimblewimble privacy purposed coin Beam. If you’d like to learn more about Beam, please review our video guides on it here. https://www.youtube.com/watch?v=oYiojyO5MZI

One thing is immediately obvious when it comes to Litecash, the concept and branding are kept very close to the coin they have forked off of, Beam. For example, the branding, color scheme, and the mimblewimble privacy protocol focus. This can be quickly realized by viewing their wallet fork of Beams and the unchanged colors.


Litecash aims for real-world adoption with merchants through the use of their mobile wallet app. In 2020 Litecash is aiming to become a payment option for several yoga studios and restaurants. Another key difference is that Litecash has removed the development fund % of each block reward that Beam has, which allows more coins to go to the miners of their blockchain.


First, to clarify, this article is entirely about Litecash (CASH) of Lite.Cash. This is not to be confused with Litecash LCH, a scammy failed ICO, in which you can reference their Bitcointalk announcement thread here. https://bitcointalksearch.org/topic/ann-lite-cash-cryptocurrency-asset-better-than-lending-and-staking-2474672

So let’s get to the fun part!


How do you mine Litecash CASH?
It utilizes BeamhashI, which is the original Beam mining algorithm. This means that Nvidia graphics cards will be best for mining Litecash, and AMD graphics cards (following the 2019–2020 mining trend) will not be effective or efficient mining Litecash, although its still possible to mine Litecash with lolminer.


Utilizing the latest version of Gminer, which you can download here -- http://voskco.in/gminerDL -- you’ll be able to mine Litecash with your Nvidia graphics cards, or GPUs. You can mine on Linux or Windows, this tutorial will focus on Windows GPU mining, but the concept is the same for both operating systems. You’ll download the miner, extract the files, and then right click, edit, on a any .bat file. Once you have completed this you will need to enter this into the .bat file.

miner.exe --algo beamhashI --server cash.coinmine.pl:2002 --ssl 1 --user yourlitecashaddresshere.workernamehere

You can simply copy and paste the above, and then swap in your litecashaddress.yourworkername so that you will be credited with your mining rewards, to your wallet address.



Currently, there is only one mining pool for Litecash, Coinmine.pl. You may be wondering about the 34% unknown block distribution, these are blocks being mined by private solo miners.



Give your miner a window of 15 minutes once you have started the mining program and it shows successful mining progress with shares being submitted, then it will show on the mining pool dashboard you are using. You can navigate to your results by simply entering in your wallet address. As shown above, you can see a balance confirmed (from older mining rewards), balance unconfirmed (from newer mining rewards), along with other information like your current hashrate. Your poolside hashrate is what you will be paid off of, via the mining pool. This is true for mining any cryptocurrency.

Very quickly you will notice your mining rewards begin to rise, this is the fun part about mining a smaller, newer, and higher quantity blockchain. It is more gratifying to acquire 100 coins vs 0.0004 of one coin, for example.



Currently, Litecash is only being traded on one cryptocurrency exchange, Citex. Which you can review Litecash BTC trading here - https://trade.citex.co.kr/trade/CASH_BTC This is a newer development, and the volume is currently very low. At the time of this article being researched and written, the normal daily trading volume does not average more than $500 a day.

If you’re looking for more information about Litecash, you should review their official website here -- https://lite.cash/

If you have direct questions for the Litecash team, you should join the official Litecash Discord server here and ask them -- https://discord.gg/ZvDzUvQ
They’re very responsive in their Discord server.

If you’re looking for more information on mining, please ask either in their Discord server or join ours here! -- https://discord.gg/R7q25pT

If you’re looking for more information on mimblewimble such as what it does and why its so interesting, Binance recently published a recent article explaining it in detail. Read the full Binance mimblewimble article here -- https://www.binance.vision/blockchain/what-is-mimblewimble

Thanks for taking the time for reading our article on Litecash, if you’d like to see a video review and guide, please let us know!

Disclaimer
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