Topic: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork - page 12. (Read 68499 times)
After convincing so many that LTC is silver to bitcoins gold. We need to change it like it isn't good enough? Seems odd.
Going for X11 will make Litecoin a popular target for botnets - right? And if you want something more power efficient, then ASICs are really the way forward.
In general, just changing algorithms for existings coins doesn't sound like a way to add stability to the crypto coins. And developing ASICs for X11 is also possible. Change algorithm next year again? No one will ever take the coins seriously if hard forks are created everytime someone is afraid that his GPU doesn't generate enough profit.
In general, just changing algorithms for existings coins doesn't sound like a way to add stability to the crypto coins. And developing ASICs for X11 is also possible. Change algorithm next year again? No one will ever take the coins seriously if hard forks are created everytime someone is afraid that his GPU doesn't generate enough profit.
If there is one hard fork to LTC, probably company's won't invest money to develop ASICs to new algo, because there would be a high probability that again a new algo would come.
Guys, what you are discussing has already been done. Hirocoin is a litecoin clone with X11 algo. Don't make the mistake of thinking Hiro comes from Darkcoin, which most people believe. And on top of that a lot of blockchain security issues have been addressed. Hirocoin is adapting the best features available into one coin. So take a look at Hirocoin.
too bad was ninja launched with huge instamine, i bet my ass that the dev has million and he probably dumped a large portion already seeing how the price is dumped recently
i'm not against instamine if there is an ann and everyone can instamine, but a ninja launch with a bad launch time(was like 7am for hirocoin) plus instamine is simply a giant scam
We cannot say it was really a ninja launch, there was a thread mentioning that a new coin would be launched. Just the hour of the launch wasn't mentioned.
Regarding the 7am launch time, depends which country you live in.
But this thread is for discussing the X11 for LTC, ASICS will probably make the price go up, but they'll stay in the hands of few.
Going for X11 will make Litecoin a popular target for botnets - right? And if you want something more power efficient, then ASICs are really the way forward.
In general, just changing algorithms for existings coins doesn't sound like a way to add stability to the crypto coins. And developing ASICs for X11 is also possible. Change algorithm next year again? No one will ever take the coins seriously if hard forks are created everytime someone is afraid that his GPU doesn't generate enough profit.
In general, just changing algorithms for existings coins doesn't sound like a way to add stability to the crypto coins. And developing ASICs for X11 is also possible. Change algorithm next year again? No one will ever take the coins seriously if hard forks are created everytime someone is afraid that his GPU doesn't generate enough profit.
yeah, i'm really happy to get this information, it's fair for all VGA miner.
Change to X11 ?
I don't like the litecoin .
This coin is just like the Dogecoin.
In 2014, it is a year for 2rd generation coins.
Such as , eth, emu, mcs, xcp, nxt ,nem,bts, nex, skycoin ,zerocoin....
I don't like the litecoin .
This coin is just like the Dogecoin.
In 2014, it is a year for 2rd generation coins.
Such as , eth, emu, mcs, xcp, nxt ,nem,bts, nex, skycoin ,zerocoin....
Guys, what you are discussing has already been done. Hirocoin is a litecoin clone with X11 algo. Don't make the mistake of thinking Hiro comes from Darkcoin, which most people believe. And on top of that a lot of blockchain security issues have been addressed. Hirocoin is adapting the best features available into one coin. So take a look at Hirocoin.
too bad was ninja launched with huge instamine, i bet my ass that the dev has million and he probably dumped a large portion already seeing how the price is dumped recently
i'm not against instamine if there is an ann and everyone can instamine, but a ninja launch with a bad launch time(was like 7am for hirocoin) plus instamine is simply a giant scam
without ASICs LTC will never get to the moon 
There are ASICS for LTC and I don't yet see a moon.
Gridseed is expensive, slow and uses a lot of power.
Attempting to change the Litecoin PoW is a bad idea - I'm guessing that not a lot of people will use your fork and that will mean there will be a lot of invalids between the official wallet and this wallet.
Warren is a legit programmer working with loads of individuals who are also professionals in their fields, bugs and errors will be more common in your software. By 6 months I've calculated the difficulty to be at above 52,000 (worked out with all current ASICs in the market). The Litecoin community is attempting to keep ASICs cheap and not cost $10,000 with a ROI of 2 days then after delivery of 5 months, making the ROI 18 months.
Guys, what you are discussing has already been done. Hirocoin is a litecoin clone with X11 algo. Don't make the mistake of thinking Hiro comes from Darkcoin, which most people believe. And on top of that a lot of blockchain security issues have been addressed. Hirocoin is adapting the best features available into one coin. So take a look at Hirocoin.
3) The only reason it uses only 60% of electricity compared to scrypt is, that the miner is totally unoptimized. The reason it uses so little electricity is simply that the cards aren't working at full power...
SHA256D mining (Bitcoin) on GPU also uses less power than scrypt.
Does that mean SHA mining for GPU is "unoptimized"?
Also I think it is April's fools joke. Anyone could start topic. Perhaps I just started topic "BTC hardfork, no more ASICs, CPU only botnet proof" lol
We didn't take AFD into account when we started talking about this topic.
This is not a joke, though we know we will have to proof that.
The project may take up to 6 months, or even longer.
If we feel we have enough support from the majority of the community, we will start to get more supporters onboard.
We love LTC and this development takeover is not hostile.
We need the majority to support this to make this hardfork work.
Well that you certainly won't get so why waste your time?
You are not the majority, neither are we.
yes but I am not trying to fork ltc and add a dodgy ass algo that botnets could easily have a field day with. you have a snow balls chance in hell to get the majority....just a few kids who have no idea and are running down the road screaming omg asics is coming
3) The only reason it uses only 60% of electricity compared to scrypt is, that the miner is totally unoptimized. The reason it uses so little electricity is simply that the cards aren't working at full power...
SHA256D mining (Bitcoin) on GPU also uses less power than scrypt.
Does that mean SHA mining for GPU is "unoptimized"?
Also I think it is April's fools joke. Anyone could start topic. Perhaps I just started topic "BTC hardfork, no more ASICs, CPU only botnet proof" lol
Well the approach is different. Instead of just cloning litecoin like the many others you just try to steal the right to develop the coin. No wonder your an anonymous group.
steal the right ? it's open source
we could also fork bitcoin! its a free open source market.. no ?
anyway i suggest to the OP author to make your own coin..
many people (litecoin/bitcoin early adopters) spent a lot of money and probably litecoins to buy ASICs, won't be fair to hurt them
make your own coin or join a new coin with the POW algo. you like
there are a few new coins and algo. to choose from
who are you anyway?
who are in your team?
are you a developer? if so, have you or your team developed any coin?
you want to change, so why just copy&paste X11?
if you are really developers, so you can create a new algorithm or at least add some extra layer to X11
not just copying and pasting
sorry for saying this, but i think its not your specialty but if it is, you'll need litecointalk.org community support too, not just here
or maybe it's just April fool joke
who are in your team?
are you a developer? if so, have you or your team developed any coin?
you want to change, so why just copy&paste X11?
if you are really developers, so you can create a new algorithm or at least add some extra layer to X11
not just copying and pasting
sorry for saying this, but i think its not your specialty but if it is, you'll need litecointalk.org community support too, not just here
or maybe it's just April fool joke
Start a new coin or mine darkcoin. You shouldn't hardfork litecoin just because GPU's will be less profitable from it.
I'm seeing no threat from mining companies to take over the network as there are a healthy amount of competitors in the market and the hardware is shipped to the users.
I'm seeing no threat from mining companies to take over the network as there are a healthy amount of competitors in the market and the hardware is shipped to the users.
The majority will decide.
3) The only reason it uses only 60% of electricity compared to scrypt is, that the miner is totally unoptimized. The reason it uses so little electricity is simply that the cards aren't working at full power...
SHA256D mining (Bitcoin) on GPU also uses less power than scrypt.
Does that mean SHA mining for GPU is "unoptimized"?
Start a new coin or mine darkcoin. You shouldn't hardfork litecoin just because GPU's will be less profitable from it.
I'm seeing no threat from mining companies to take over the network as there are a healthy amount of competitors in the market and the hardware is shipped to the users.
I'm seeing no threat from mining companies to take over the network as there are a healthy amount of competitors in the market and the hardware is shipped to the users.
So basically Hirocoin Darckcoin without all the extra features?
Fixed for you.
Actually Hirocoin and Darkcoin both use X11.
The difference is mainly in the dynamic block reward. Hirocoin has a fixed block reward, while Darkcoin has a dynamic one. They both have some added features. Check out the Darkcoin and Hirocoin Ann :
Hirocoin : https://bitcointalksearch.org/topic/m.5981984
Darkcoin : https://bitcointalksearch.org/topic/anndash-dash-dashorg-first-self-funding-self-governing-crypto-currency-421615
don't get nervous, asic came , bitcoin is still bitcoin . so do LTC.
i know your purpose , LOL.
i know your purpose , LOL.
Jump to: