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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
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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.
1
vote
2answers
4k views

Is it profitable to use Amazon EC2 to mine litecoins?

I saw that mining BTC with CPU is not profitable anymore, and that you'd lose money mining bitcoin. Is the same thing true of litecoin?
0
votes
1answer
751 views

What does difficulty indicate for litecoin mining?

For bitcoin, it's the inverse of the target that the hash must be less than. Litecoin uses scrypt instead of SHA256, so I'm unsure what the difficulty indicates.
4
votes
4answers
9k views

Litecoin difficulty and reward

How can I know difficulty value and reward for Litecoin network ? I'm looking for website such as http://blockexplorer.com/q/bcperblock http://blockexplorer.com/q/getdifficulty to get difficulty ...
4
votes
1answer
494 views

Is there any evidence that the Litecoin network is significantly affected by botnet mining?

Litecoin uses a hashing algorithm that, so far, is best run on CPUs rather than GPUs. Because most computers are not purchased for gaming and don't have powerful GPUs (which would have been useful ...
1
vote
3answers
2k views

How will other coins like LiteCoin influence market price of BTC? [closed]

More generally, in economic aspect, when new currency are issued, and be accepted by groups of people, how will the new currency affect existing currency, ignoring other factors. Ex. How will BTC ...
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 ...
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 ...
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 ...
9
votes
3answers
4k views

Is there a way to tell which *coin is most profitable to mine?

Basically a program that could run some hashes for all of the different hash functions that are used in the different big cryptocurrencies and then get the current difficulty from all of them. From ...
-1
votes
1answer
982 views

cgminer on OSX: Cannot open executable file

I'm trying to use litecoin on OSX with NVidia or CPU mining, and downloaded the binary from here The specific binary I extracted was cgminer-2.10.5-x86_64-built.tar.bz2. I extracted it and used ...
5
votes
2answers
14k views

Is CPU mining worthwhile for Litecoin? FPGA? GPU?

I'm interested in solo mining on Litecoin. Where can I learn about (or what math is required) two tell if this is feasible/profitable? Currently I have 30+ CPUs running as solo miners for 40 hours ...
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 ...
5
votes
2answers
2k views

What is needed to create a pool with merged mining?

What is needed to create a new pool with merged mining? (Bitcoin, NameCoin, and possibly others)? I'd like to create a new pool that will Include transaction fees in the payout Charge no pool fees ...
0
votes
1answer
3k views

When did Litecoin become “GPU-friendly”?

I've heard recently here that Litecoin became more GPU-friendly. When did this happen, and what were the changes to the protocol to accommodate that change. Also, is there any reason for the change ...
0
votes
3answers
2k views

What is the most cost effective way to exchange USD for Litecoin?

Also, what risks are involved? Do the service(s) have a long track record?
2
votes
1answer
3k views

(litecoin) High hashrate but low amount of submitted shares in solo

I'm playing around with litecoin mining and have been mining at a pool but decided to mine solo using cgminer. When I mine at pools the amount of shares submitted to the pool sinks dramatically when ...
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
1answer
15k views

How to run a litecoin miner behind a proxy server?

I've downloaded the Windows 64-bit Litecoin mining software as provided from http://pool-x.eu/gettingstarted I'm trying to run the miner from behind a firewall. My browser uses an HTTP proxy to get ...
4
votes
2answers
4k views

g++ problem compiling litecoind on Ubuntu Server i386

I am trying to compile litecoind on Ubuntu 11.10 i386 server. I used this recipe I found: git clone https://github.com/coblee/litecoin.git cd ~/litecoin/src/ make -f makefile.unix litecoind mkdir ~/....
6
votes
1answer
9k views

How to connect to RPCPORT=9332 via LAN

I edited litecoin.conf file... To this: testnet=0 rcpuser=user rpcpassowrd=pass rpcport=9332 server=1 I use minerd with litecoind and when I try to connect to the local machine 127.0.0.1:9332 ...
3
votes
1answer
2k views

Litecoin binary for Linux

Is there any LiteCoin binary precompiled for Linux? I would prefer staticaly linked but would also dynamicaly linked a try. A plus is given for a .deb archive, two pluses for a ppa or other ...
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?
10
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4answers
13k views

Can I view price graphs for alternative currencies, longer than 12 hours?

AFAIK, btc-e.com is the only place to show LTC/BTC price graph. Is there a way to view these graphs for longer than the ~ 12 hours that are shown by default?
5
votes
3answers
4k views

Where can I download the Litecoin binary for OSX?

Where can I find a compiled litecoin minerd binary for Mac OS X? Perhaps a multi-coin implementation?
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 ...