Author

Topic: Newbie questions for Litecoin (Read 913 times)

sr. member
Activity: 302
Merit: 252
March 08, 2013, 04:30:44 AM
#8
The advantage is, that there are no exchanges to date  Grin

If you want to solo mine something you can sell, than you should look at TRC
legendary
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
March 08, 2013, 03:03:06 AM
#7
how do i set up the wallet to solo mine?

Solo mining today on LTC isn't a smart idea...
Try another small cryto-currency like BQC if you want make that only for experience(ppl will help you out of how you make the server/daemon run and how to configure your miner, BQC is Scrypt based as well), for getting real money try pooled mining like coinotron, poll-x, etc.

What's the advantage of BQC over LTC? Are there any markets and charts for BQC network?
legendary
Activity: 1386
Merit: 1000
English <-> Portuguese translations
March 07, 2013, 09:55:41 AM
#6
how do i set up the wallet to solo mine?

Solo mining today on LTC isn't a smart idea...
Try another small cryto-currency like BQC if you want make that only for experience(ppl will help you out of how you make the server/daemon run and how to configure your miner, BQC is Scrypt based as well), for getting real money try pooled mining like coinotron, poll-x, etc.
sr. member
Activity: 255
Merit: 250
March 07, 2013, 08:41:31 AM
#5
@DarkHyudrA: Thanks a lot!
member
Activity: 105
Merit: 10
nothing to say except ... .. .
March 07, 2013, 07:48:09 AM
#4
how do i set up the wallet to solo mine?
legendary
Activity: 1386
Merit: 1000
English <-> Portuguese translations
March 07, 2013, 06:08:52 AM
#3
I am pretty familiar with BTC, but new to Litecoin.

Question: Do I setup Litecoin the same way as Bitcoin? E.g. bitcoin.conf -> litecoin.conf ?

Is there a litecoind like there's a bitcoind? If so, is litecoind just a modified version of bitcoind?

Is the protocol to sync/distribute blocks for Litecoin the same as for Bitcoin?

1- Yup, the same way

2- Yup, there's a daemon like bitcoin

3- Yup, the port and the amount of blocks generated are different only, AFAIK
hero member
Activity: 615
Merit: 500
March 07, 2013, 05:35:02 AM
#2
wat are best GPUs for litecoin mining?
sr. member
Activity: 255
Merit: 250
March 07, 2013, 05:28:30 AM
#1
I am pretty familiar with BTC, but new to Litecoin.

Question: Do I setup Litecoin the same way as Bitcoin? E.g. bitcoin.conf -> litecoin.conf ?

Is there a litecoind like there's a bitcoind? If so, is litecoind just a modified version of bitcoind?

Is the protocol to sync/distribute blocks for Litecoin the same as for Bitcoin?
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