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Topic: [ANN] • [LC] • Lutetium Coin • POS/Premined share Pool • energy free cloudmining - page 22. (Read 74434 times)

hero member
Activity: 882
Merit: 500
Everything you want, is everything you need.
Might be a good idea to have social media exposure and spread the news. Twitter & facebook perhaps.
member
Activity: 84
Merit: 10
Sry, we totally forget to run payouts yesterday Cheesy


Payout run finished - May 05, 2016
Payout run finished - May 06, 2016
we also did pre-run the payouts for tomorrow (pool manager is busy tomorrow, payouts for sunday will get added on sunday Smiley )
Payout run finished - May 07, 2016
Current LC per block per share: 1 Share = 3.96LC

Have a nice weekend guys, wallet and complete launch comeing the next days Smiley
hero member
Activity: 1239
Merit: 562
hero member
Activity: 882
Merit: 500
Everything you want, is everything you need.
I'm a newbie here. Can I still join the signature campaign?

Hi,

yes you still can go for our signature campaign. But you wont be able to get the "x2" feature enabled of your free shares.
Check this for the shares according forum tank:

Brand New - 1 share
Newbie - 1 share
Jr. Member - 2 shares
Member - 3 shares
Full Member - 4 shares
Sr. Member - 5 shares
Hero Member - 6 shares
Legendary - 7 shares

***Update on the wallet***
We believe, that we will have the wallet for ourselves in the next 48h. After we have it, we will announce it on the forum with a 48h public release delay. We want to test the payouts of the pool first, even if we have tested it with the original wallet (if you are new: Check "delay launch statement" on the starting post for some more informations). If something isnt running smooth we have time to get it running smooth.
As on a usual MPOS pool it will be possible to have automatic payouts or manual payouts.
Share packageswill be available on the announcement of the 48h wallet release delay. The smallest package will be affordable for nearly everyone with a bit of a BTC. We want to give everyone the chance to get some more shares if wanted/needed :-)



Thanks. Updated my signature. As newbie, has 50-character limit though.
member
Activity: 84
Merit: 10
I'm a newbie here. Can I still join the signature campaign?

Hi,

yes you still can go for our signature campaign. But you wont be able to get the "x2" feature enabled of your free shares.
Check this for the shares according forum rank:

Brand New - 1 share
Newbie - 1 share
Jr. Member - 2 shares
Member - 3 shares
Full Member - 4 shares
Sr. Member - 5 shares
Hero Member - 6 shares
Legendary - 7 shares

***Update on the wallet***
We believe, that we will have the wallet for ourselves in the next 48h. After we have it, we will announce it on the forum with a 48h public release delay. We want to test the payouts of the pool first, even if we have tested it with the original wallet (if you are new: Check "delay launch statement" on the starting post for some more informations). If something isnt running smooth we have time to get it running smooth.
As on a usual MPOS pool it will be possible to have automatic payouts or manual payouts.
Share packageswill be available on the announcement of the 48h wallet release delay. The smallest package will be affordable for nearly everyone with a bit of a BTC. We want to give everyone the chance to get some more shares if wanted/needed :-)

hero member
Activity: 882
Merit: 500
Everything you want, is everything you need.
I'm a newbie here. Can I still join the signature campaign?
hero member
Activity: 1022
Merit: 500
sr. member
Activity: 600
Merit: 250
member
Activity: 84
Merit: 10
Payout run finished - May 04, 2016
Current LC per block per share: 1 Share = 3.96LC
No changes on the LCpS today Smiley

I dont understand. If its a pure POS coin how can it be scrypt or x11 or anything else and why would it matter?

It doesn't have a real influence on it if it's scrypt, sha256, x11, cryptonite or anything else Smiley

whether already exchange now ?

No exchange yet because wallet isn't released yet, currently under development.
After wallet release we will work on adding it to an exchange, because i think no exchange is going to add any coin without sources/wallets.
We are waiting on a reply of the coindev and will provide further informations about release date Smiley

hero member
Activity: 912
Merit: 505
Exchange where,may i submit new coin on cryptopia.

Wait for the wallet and dev to decide  Grin
hero member
Activity: 1022
Merit: 500
Exchange where,may i submit new coin on cryptopia.
newbie
Activity: 39
Merit: 0
I've got quite a pile of LTs now, thanks for the hook up Lutetium!!
sr. member
Activity: 435
Merit: 250
sr. member
Activity: 409
Merit: 250
I dont understand. If its a pure POS coin how can it be scrypt or x11 or anything else and why would it matter?
member
Activity: 63
Merit: 10
hero member
Activity: 1974
Merit: 592
hero member
Activity: 701
Merit: 511
agree but you should change to x13 or x15....
x11 asics are already on the market...they arent cheap...the 500mhs costs 2318usd....
but still they are a threat to all x11 coins
member
Activity: 84
Merit: 10
Payout run finished - May 03, 2016
Current LC per block per share: 1 Share = 3.96LC

LC per block value has decreased under 4LC per share. Payouts tomorrow will get calculated/payed with new updated value.

Dev  is any chance to know how much will be price of lutetium?

There is no way to tell, prices are discovered by the market.

However, given the circumstances, such as the relatively large coin supply and the fact that it costs nothing to mine, my guess is it will be low. I expect it to be in the low double digit satoshis at best because the dumping pressure will be big.

Then again, I hope I'm wrong but the coin will need unique features to make it attractive.

This is realy hard to tell and only the market will show how the price will develop.
We think that after the release of share packages price, which will get release at wallet release and not before, it will be "harder" to farm LC because if someone is going to order a 80shares package the LC per share value would decrease to 3.15.
Because we don't want to keep the BTC from share packes for ourselves, we think we can draw more attantion to LC with our free "hardware give aways".

We agree that LC will need some unique features. In the beginning we don't focus to much on unique features. Of course we could say: "hey, there will be a decentralized DNS, or an ipv6 to ipv6 converter" but we don't want to generate the feeling that we are no men of honor^^ We have plans for LC and also some thoughts about unique features. One of us has worked together with some devs who released a very promising coin on 2014. These devs have been able to add some unique features. Some of that features are still unique on 2016 and we didn't see them on any other coin. We have similiar plans but the development will need time.

After the release of the wallet we will see how LC will develop. Hopefully someone is buying some share packages [not for us (devs) but for LC hardware giveaway] to give LC some movement on the LCpS (LC per Share) value.

One of our goals is it, to create a coin, which distribution is, to some point, totally free for everyone who want's to join us. We dislike that early BTC/LTC farmers have much BTC for buying mining hardware. Many coins are mined by ASICS/FPGAS which might be not affordable for all of us. Just think about energy costs as we mentioned some pages before. Still if you want a let's say GH/s scrypt miner or an X11 scrypt miner, you never know if the developer/company will ever deliver the farmer or just take your money and run. Just think about "Butterfly Labs" long delivery times and other problems.


But in general we think, that participants of the signature campaign will be very happy in the future. Also early buyers of share packages, because LCpS is still high.


***Change on coin specs and logo contest announcement***
Our new coindev told us it would be better to change the PoS from scrypt to X11. There wont be any influence on any other specs.
The original wallet will get release with original coin logo. After the contest is over (this will happen one week after wallet release) we will have a new wallet version with updated logo on it. Take your chance to get forever "burned" into LC wallet :-)
sr. member
Activity: 381
Merit: 250
JaguarCrypto
legendary
Activity: 2226
Merit: 1014
it was joke early! depends how muck effort and if dev team have great marketing plans with features to implement to this coin!
like i told you price to start could be any range from no buyer or  less than 1 sat up to 10 or 15 sat each .... we will see the great team work sooner;)
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