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16

Litecoin is exactly like Bitcoin, but: The hashing algorithm is CPU-friendly, meaning that having powerful GPU doesn't let you mine fast. The difficulty of the blocks is set so they would be mined about every 2,5 minutes, instead of 10. Other differences are cosmetic, like aiming to generate more Litecoins than there will be Bitcoins, using different ...


11

There is a list of exchanges (and other businesses and tools) in the Litecoin wiki: https://litecoin.info/Service_Directory#Market_exchanges


11

The most current list of Litecoin exchanges, right from the Litecoin wiki: Market exchanges BTC-E - LTC/USD, LTC/BTC, LTC/EUR, and LTC/RUR mcxNOW - LTC/BTC Crypto-Trade - LTC/USD, LTC/BTC and LTC/EUR Harborly Vircurex Cryptsy Crypto.st CoinMKT Bter Coins-E Coined Up cryptonit Kraken CoinEx TaurusBit The Rock Trading UpBit - Russian ...


9

Here is the list of exchanges currently selling Litecoin BTC-E Harborly Vircurex LiteTree Kraken Bitfinex


9

Any CPU can still be used to mine Litecoin, although much less effectively as a modern AMD GPU could. Mining with a CPU gives you very bad hashrate therefore I wouldn't recommend it. Even a high end CPU will not give you the hashrate of a mid range GPU. You should use a graphics card (GPU) to mine litecoins or switch to another coin Additional ...


8

This site allows you to compare the mining profitability of the various coins: http://dustcoin.com/mining


8

I wouldn't suggest to mine with your laptop further more I wouldn't mine with a CPU any more. Your laptop can damage quite fast, because mining is very hardware intensive and it can overheat your components. After some time they will get damaged because they are not build to hold that power over a long period of time. Your hashrate is quite low. With ...


8

Litecoin mining is currently more profitable for likely all GPUs. From the bitcoin and litecoin hardware wikis, you'd get 300-400MH/s for bitcoin mining and 340-470kH/s for litecoin mining if you set it up properly (and there is something VERY fishy about you getting 250MH/s with your CPU, I'd guess it is using your GPU though you don't know it...). For ...


7

The major difference between litecoin and bitcoin is the hashing function. Bitcoin uses SHA-256 while litecoin uses scrypt. scrypt "is designed to be far more secure against hardware brute-force attacks than alternative functions" [1]. By hardware brute-force attacks they basically mean ASICs such as the ones coming out of butterfly labs. For instance the ...


7

There is LTC Charts with some long term chart data for LTC/BTC from BTC-E and Vircurex.


7

The answer is hidden in this forum post here. "You have the same problem that is common in P2Pool threads, your miner is (relatively) slow compared to the size of the pool, as such you are not solving the required 1 P2Pool share every 24 hours (not the work your miner is submitting). You will get paid when your miner solves a share with a difficulty ...


7

A Bitcoin or Litecoin address consists of: a prefix byte a 160-bit hash of a public key a 32-bit checksum all base-58 encoded. Bitcoin and Litecoin use different prefix bytes; this is why most Bitcoin addresses start with 1, while most Litecoin addresses start with L. When you use a Bitcoin client to try to send money to an address, it should perform a ...


7

Because all transactions in both Litecoin and Bitcoin are stored in the block chain, you run into the same issue you do here if you were just to try and withdraw USD for bitcoins, i.e., does your intermediary store logs of the off chain transactions? When you buy LTC using BTC on Kraken, if Kraken decides to log this transaction then there is now a link ...


6

If you want to allow connections from any machine, use: rpcallowip=* If you want to allow connections from one specific IP address, put that IP address instead of *: rpcallowip=192.168.0.101 You can have as many of these lines as you like. Use one for each IP address you want to allow. And wildcards are also allowed: rpcallowip=192.168.0.* ...


6

Well, Litecoin's main aim is to make mining easier for the common man. The problem with pure SHA-256 mining is that it is not very hard to design hardware that can perform mining at an astonishing speed. We can see this with the currently very much ongoing rise of the ASIC mining industry. Since scrypt is more complex when it comes to hardware - scrypt not ...


6

Yes, there are designs for Litecoin mining FPGA bitstreams, but they are not very efficient currently. ASICs are much more efficient and if anyone finds it lucrative to invest in development of Litecoin mining ASICs, they will push out GPU mining. (The efficiency ratio between ASIC and GPU will be lower than with Bitcoin though).


6

Litecoin uses a different proof of work than Bitcoin, so that hardware won't be compatible(it won't be solving the right problems). One of the motivations of Litecoin was to make CPU mining viable by making it difficult to create efficient GPU/FPGA/ASIC miners, so it's unlikely that you can find specialized hardware for this purpose. I think that some GPUs ...


6

Bitocin and Litecoin have the same problems when trying to buy them with funding methods that allow chargeback.This is mainly because of Paypal’s TOS (Section 3.7 here) and the fact that your can't chargeback Liteocin since it is considered as cash. Having said that there are still a few ways you can buy Litecoin with Paypal or a credit card. Use VirWox ...


5

Litecoin Block Explorer: http://explorer.litecoin.net/ Feathercoin Block Explorer: http://ftc.cryptocoinexplorer.com/ You can find all the "lesser" Altcoins on http://cryptocoinexplorer.com


5

Apparently I do not have enough points yet to give your answer a vote, but your solution also worked for me! Adding -T to the command line command did the trick. Not only do I now get a neat output of what is happening; the -T parameter also made the entire mining process actually work! Before adding the -T command: Screen flashed with the "Started CGMiner ...


5

My guess is that you did not launch cgminer with the --scrypt option. This is required to mine Litecoin, Dogecoin or any other scrypt coin. When mining scrypt coins that card should deliver ~100 Kh/s in your screen shot it shows Mh/s which would indicate that you are using SHA256 which is for Bitcoin.


5

I think that Tim S. may have the answer with his comment about endian-ness. Your observations about the nonce having its lowest byte zero (being a multiple of 256), are with respect to the little-endian byte order of the block itself. From the perspective of a big-endian machine, these are statements about the high byte of the nonce. So consider a miner ...


5

LTC/BTC and BTC/LTC are both ratios of purchasing one currency with another. For example, with LTC/BTC, the price quoted is for 1 LTC (overlying) in BTC (underlying). If the price is 0.025, that is how many bitcoins are needed to purchase 1 LTC. At this price, 2 LTC would cost 0.05 BTC. The opposite would be equivielnt to 1/x, using the example above the ...


4

The file ~/litecoin/doc/build-unix.txt contains build instructions. The one you're missing is on line 61: sudo apt-get install libboost-all-dev


4

No, you can't mine Litecoin with any of Butterfly Labs' products. There is an ASIC miner in development by Alpha Tech http://alpha-t.net/ that they claim will be able to.


4

Your best bet with a GPU is to mine scrypt coins. If you want the resulting payout to be in bitcoin, try using mining on a multi-pool like middlecoin.com. That pool automatically chooses the most profitable scrypt-based coin to mine and pays out daily in bitcoin. I have 4 7950s pointing at middlecoin and make between .05 to .1 bitcoin per day.


4

The blockchain is available via Torrent now. You can download bootstrap.dat (14GB) this way and then process it locally, which in my case was much faster than syncing with network using Bitcoin-Qt. Have a look at the announcement and you can grab torrent file from sourceforge.


3

Nothing in the litecoin protocol changed, only a tool to mine litecoins using GPU was independently developed: the Reaper and caused difficulty to improve to make CPU mining much less efficient (compared to electricity price). Still, the rise of diffculty is not so dramatic as was the case for bitcoin and scrypt algorithm has proved its worth. CPUs can still ...


3

Ok have answered own question...with result for others to gain from 1)What Motherboard can I source now from suppliers that is current & avaiable etc ?... (I assume AMD not Intel) ? AMD-MSI 990FXA-GD80 has great overclocking capabilitys and supports 4 x (x16 PCI-e slots) ~US$180 new 2)I know the LTC scrypt uses a diff alogrythm and needs more Ram ...


3

at http://www.cryptocoincharts.info you see long time chart for all alternative crytpo currencies



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