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Questions tagged [litecoin]

This tag should be used for questions regarding Litecoin, a cryptocurrency based on Bitcoin. Litecoin is very similar to Bitcoin with a few distinguishing differences: blocks that are mined every 2.5 minutes on average and the scrypt hashing algorithm for its Proof of Work algorithm.

6
votes
2answers
12k views

What happens if you send Bitcoin to a Litecoin address?

Is it lost forever? What about the reverse: sending Litecoin to a Bitcoin address?
24
votes
6answers
183k views

Where can I buy Litecoin?

I know Litecoin is sold on Coinbase, but I'm wondering if anyone has compiled a list or knows of other exchanges selling the currency?
2
votes
3answers
13k views

How can I create a new Genesis Block?

I'm trying to create a testcoin using litecoin. To create genesis block I changed some lines to : block.nTime = 1390948469; // current time uint256 hashGenesisBlock("0x"); //I dont now it's true or ...
9
votes
2answers
12k views

Can ASIC or FPGA boards be used to mine Litecoin?

I know that Litecoin was designed to be mined with a CPU but then someone figured out how to mine it with a GPU. Has anyone figure out how to mine Litecoin with an ASIC or FPGA boards, and if not is ...
4
votes
1answer
419 views

Why is a short blocktime considered to be unsafe?

I've heard a couple of times "a shorter blocktime is unsafe," (first about Litecoin and now Ethereum) but never understood why. Is it the higher probability of a fork? Why do some people consider a ...
3
votes
1answer
3k views

Since which version the mining functionality removed from wallet?

As I'm starting to learn to create a new altcoin, I found there is a remarkable difference between old and new Bitcoin/Litecoin Core wallet is that old versions (0.6.9 of Litecoin) have mining ...
4
votes
1answer
1k views

Why did Litecoin choose the scrypt factors that they did?

Litecoin uses the scrypt factors (N=1024, r=1, p=1) This means that each hashing thread takes 128kB of memory. The scrypt paper recommends r=8. Colin Percival, the creator of scrypt, has said: Q: ...
4
votes
3answers
49k views

5 GH/s Bitcoin Miner from Butterfly Labs can mine Litecoin?

I was wondering buy this ASIC miner of 5GH/s to mine Litecoin. I want know, can I mine Litecoin with this powerful tool? If not, there any ASIC miner's that can mine Litecoin?
2
votes
1answer
368 views

What pressure prevents alternate currencies from completely diluting bitcoin?

Looking into LiteCoin a bit makes me wonder: if LiteCoin were to gain transaction, what's stopping a 3rd, 4th, and 5th currency from gaining traction as well? Wouldn't this effectively eliminate ...
2
votes
2answers
8k views

Is there a block chain bootstrap for Litecoin?

For Bitcoin, various people distribute a bootstrap.dat file which contains a snapshot of the blockchain. A new Bitcoin user can download this file and verify it with their client, which is often more ...
5
votes
4answers
7k views

What does Litecoin offer over Bitcoin?

Litecoin is different from Bitcoin in the following ways, however none of them are particularly useful and on the contrary are only less worthy. 84 million vs 21 millions: since Bitcoin is divisible ...
4
votes
1answer
1k views

Is there a source for historical LTC trades available?

From bitcoincharts.com can download historical trade histories for BTC on various exchanges vs various currencies. Where can I find something comparable for LTC? I want to get historical trades ...
18
votes
3answers
980 views

Looking for nonces of even numbers

Each one of bitcoin and its derived crypto-currencies has a nonce value in the block, no matter what the algorithm is. Every miner tries to search for a luck nonce which can make the hash value ...
18
votes
1answer
3k views

What are the differences between Bitcoin and Litecoin?

What are the differences between the Bitcoin and Litecoin algorithms and protocol?
8
votes
4answers
8k views

What is the economic value of Litecoin? Is it simply a subdivision of BTC?

The main differentiator between Litecoin and Bitcoin appears to be the quantity of coins available, the frequency in which the blocks are mined, and the mining technology is different. The first ...
6
votes
4answers
31k views

Are there any online wallets available for Litecoin?

Are there any litecoin wallets available on the internet right now? I have a mac and the mac version software is very confusing.
6
votes
5answers
1k views

Who are creating all the alternate cryptocurrencies?

Everyone knows Bitcoin and Litecoins goes hand in hand and they are the most popular cryptocurrencies out there. But who is creating all these alternative cryptocurrencies such as Feathercoin, ...
2
votes
1answer
1k views

Altcoin (Litecoin fork) creation. No synchronisation

i m trying to create an altcoin from the current Litecoin master branch on github. Its Litecoin in the version of 0.15.1. By editing some parameter in chainparams.cpp i m able to create my genesis ...
7
votes
2answers
16k views

Why is my p2pool share not payed out?

I'm mining Litecoins in the q30.qhor.net P2Pool node at a current rate of around 75 kH/s. I've been reading that decentralized p2pool mining differs a bit from centralized mining pools, e.g. that you ...
4
votes
3answers
6k views

Litecoin mining 10 times slower than a couple of days ago

I have a 5850, and have been mining with it for about a week. With GuiMiner I can mine bitcoins at about 275Mhash/s. This has not changed. A couple of days ago I setup Litecoin mining and it was ...
3
votes
2answers
2k views

Litecoin Historical Trade Data

Is there anywhere I can find detailed LTC historical trade data? BTC-E's API is not well documented and I can only find a live tick API from them. I found historical data on Cryptocoin Charts but the ...
1
vote
1answer
352 views

How is 6 LTC blocks “more secure” than 6 BTC blocks?

This video claims that Litecoin is more secure than Bitcoin. If the only differentiator between LTC and BTC is SCrypt, then I don't see how a merkle chain of 6 blocks would be more secure than the ...
5
votes
2answers
1k views

Slow but effective mining as a learning tool

Most discussion about mining is from the perspective of serious Bitcoin users who are trying to profit from it. I’m curious to try mining, only to experiment and become more familiar with ...
4
votes
2answers
1k views

What has a lower long term cost per hash: LTC, BTC or other alt coin?

I'm trying to understand the cost per hash operation with Litecoin vs Bitcoin over time. The theory is that the network that has the best prospects for long-term security (via hashing) will set a ...
4
votes
1answer
4k views

How to convert Litecoin difficulty of 6 to an expected time per block solved?

The current difficulty for mining Litecoins is about 6. If I mine them at 25kh/s, how often should I expect to solve a block with a difficulty of 6? I'd also appreciate an explanation (or formula) of ...
3
votes
3answers
6k views

How can I participate in a mining pool that is mining Litecoins?

To date I've only participated in mining GPU-optimised crypto currencies. I wondered what happens when I pointed my GPU miner to a Litecoin mining pool worker, Litecoin being designed to be optimised ...
2
votes
2answers
22k views

How do I calculate mining profit from shares in Litecoin?

I'm getting around 4 shares a minute (mining at 100Mh/s but I don't mind that much because the number of shares is what actually matters, right?) and since LTC/USD is 2 and it pays 50 LTC for every ...
-1
votes
2answers
508 views

Litecoin formal description

Is there a paper with a formal description of a Litecoin? And a paper explaining what a miner does? I would like to understand how to mine "manually", I mean I dont need a tutorial on how to install ...
4
votes
4answers
6k views

Can Litecoin mining be bottle-necked by motherboard/cpu?

So I brought 2x Sapphire Vapore-X R9 280X video card. I am only doing 550kh/s each while on my other more powerful setup with the same card get about 750kh/s. I am wondering if the motherboard/cpu ...
3
votes
1answer
247 views

Are all the *coin networks consistent in which script actions are permitted and disabled?

The reference Bitcoin client disables several script commands (the programming within a transaction) due to possible implementation issues in the network. I think it's possible that a forked client ...
3
votes
2answers
18k views

How to setup stratum with pushpool and VARDIFF? (litecoin)

I'm trying to setup a pool for litecoin mining with support of the stratum protocol and VARDIFF (variable difficulty). I read the answer of cdecker on the following question How to setup pushpool. ...
1
vote
1answer
492 views

Altcoin connecting nodes

I have created my crypto currency based on Litecoin 0.13.2. All seem works fine except fact that nodes are not synchronizing. Debug says: Ignoring getheaders from peer=x because is in initial ...
1
vote
1answer
959 views

MMCFE Not Reporting Stats from pushpool/wallet

I spent the last two days setting up a Litecoin Mining Pool and from what I can tell, absolutely everything is setup and working correctly. However, after creating a new worker and connecting to it, I ...
1
vote
1answer
957 views

What does nonce mean?

I'm trying to learn how litecoins work (and learn new programming language at same time by writing a crappy little miner). I'm stuck with getdata. Here http://litecoin.info/wiki/Scrypt it says that ...
1
vote
1answer
757 views

JAVA JSON-RPC for Litecoin

I am looking for Java Json-Rpc for Litecoin or any implementation for Litecoin