chriswen



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Hero MemberActivity: 756Merit: 500 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 01:43:23 AM #2064



I realized that Litecoin currently has a higher USD transaction than BTC. This is mainly due to the recent spike in price. So I was wondering if a lower minimum transaction fee was planned for the next release. Litecoin is supposed to be more suited for small transactions. Litecoin should be able to support smaller transactions because the block chain can allow for more transactions. I don't have a price in mind yet but I think this issue needs to be brought to the table and considered. So, after reading this thread: https://bitcointalk.org/index.php?topic=170863.0 I realized that Litecoin currently has a higher USD transaction than BTC. This is mainly due to the recent spike in price. So I was wondering if a lower minimum transaction fee was planned for the next release. Litecoin is supposed to be more suited for small transactions. Litecoin should be able to support smaller transactions because the block chain can allow for more transactions. I don't have a price in mind yet but I think this issue needs to be brought to the table and considered.

Mashrock



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NewbieActivity: 47Merit: 0 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 03:58:25 AM #2068



i just fired up my old bitcoin rigs to get solo some lite coins for a few months.



http://i.imgur.com/ZeOLbTU.jpg



is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.

but this @ 650w isnt profitable at all.. I posted in another thread but probably will get looked past.i just fired up my old bitcoin rigs to get solo some lite coins for a few months.is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.but this @ 650w isnt profitable at all..

matauc12



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Hero MemberActivity: 658Merit: 500 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 04:02:59 AM #2069 Quote from: Mashrock on April 09, 2013, 03:58:25 AM



i just fired up my old bitcoin rigs to get solo some lite coins for a few months.







is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.

but this @ 650w isnt profitable at all..

I posted in another thread but probably will get looked past.i just fired up my old bitcoin rigs to get solo some lite coins for a few months.is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.but this @ 650w isnt profitable at all.. Solo mining at 1.2mhs at this difficulty... You would be lucky to get a block after 500 rejects.

Brunic



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Hero MemberActivity: 632Merit: 500 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 04:03:12 AM #2070 Quote from: Mashrock on April 09, 2013, 03:58:25 AM



i just fired up my old bitcoin rigs to get solo some lite coins for a few months.







is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.

but this @ 650w isnt profitable at all..

I posted in another thread but probably will get looked past.i just fired up my old bitcoin rigs to get solo some lite coins for a few months.is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.but this @ 650w isnt profitable at all..

Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day. Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day.

Mashrock



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NewbieActivity: 47Merit: 0 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 08:09:19 AM

Last edit: April 09, 2013, 08:26:00 AM by Mashrock #2071 Quote from: Brunic on April 09, 2013, 04:03:12 AM Quote from: Mashrock on April 09, 2013, 03:58:25 AM



i just fired up my old bitcoin rigs to get solo some lite coins for a few months.



http://i.imgur.com/ZeOLbTU.jpg



is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.

but this @ 650w isnt profitable at all..

I posted in another thread but probably will get looked past.i just fired up my old bitcoin rigs to get solo some lite coins for a few months.is this ok? been on for well over 2 days. plenty of rejects but no blocks found yet.. i ran it all on a pool for about 3-4 hours and got a coin in that time. so the setup should be fine correct? was a bitch to get them going on litecoins . bitcoin much easier to mine.but this @ 650w isnt profitable at all..

Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day.

Your setup is ok. Litecoin blocks are harder to get these days. When I've started, I was solving 1 block/30 min, now it's around 2/day.

How many H/s you getting?



If my 1.2 is too low ill this a go for a week or two, and then just start using a pool if its un sussessful.



i have one of my bitcoin rigs coming back soon and will get about 3.5mh/s.

How many H/s you getting?If my 1.2 is too low ill this a go for a week or two, and then just start using a pool if its un sussessful.i have one of my bitcoin rigs coming back soon and will get about 3.5mh/s.

peacefulmind



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Full MemberActivity: 196Merit: 100 Re: [ANN] Litecoin - a lite version of Bitcoin. Launched! April 09, 2013, 04:18:57 PM #2073 I see a LOT of people complaining about fees in Litecoin-Qt.



These are early adopters on newbie forums. I understand when these were worth a few cents the fees prevented the dusting attacks - job accomplished.



Now the value of the LTC has grown to the point that sending 1 LTC makes sense, often we only want to spend $5 or so.



So if there is a 40% or 20% fee on 1 LTC in Litecoin-Qt we just drove away a new adopter and advocate for the currency, it seems worse than a scandalous bank.



PLEASE - this is a small change but REDUCE THIS FEE in light of the value change of one LTC. Quote from: FrictionlessCoin "I think you are to hung up on this notion about 'pre-mining' being a No-No." - from journeys into the dark depths of the alt coin forum.... - from journeys into the dark depths of the alt coin forum....