[ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair - page 40.

relm9

hero member

Activity: 840

Merit: 1000

Quote from: Kryptox on May 24, 2013, 09:07:10 PM

Quote from: fenican on May 24, 2013, 08:59:34 PM

How is difficulty up to 4 on this already?? It was released like one minute ago. Why on earth is anyone still mining ?

Difficulty is at 4 because of the large number of early adopters. You're probably used to the other recent coins that had millions of coins instamined in the first few minutes that were shortly dumped thereafter. The lower supply and no single person holding a majority share of the coins should actually help this coin keep some value and credibility.

Except it was an ultra-instamine. A few people got an absurd amount of coins in the first 20 minutes or so before difficulty went up to sane levels. One guy here racked up 16k coins in the beginning.

We've seen better ways to tackle this with ascending block rewards - see DigitalCoin and Nibble. It seems obvious to me the OP decided to use a flawed approach so he could get lots of coins for himself. If you want to support that go ahead...

joele

legendary

Activity: 1022

Merit: 1000

There is no advantage in mining this coin at diff 4x, better to mine other coins with lesser difficulties like GLD

niteryder

full member

Activity: 196

Merit: 100

Quote from: imginy on May 24, 2013, 09:23:08 PM

Quote from: niteryder on May 24, 2013, 09:18:41 PM

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

What's wrong with my pool?

Well I started mining and within a few minutes both my rigs had stopped completely then started up again 30 seconds later running at low hashrate.

Then a few minutes after that I stopped changed pools, I can test again if it would help you.

Stratum was a little buggy, but now it seems good.

nearmiss

sr. member

Activity: 448

Merit: 250

http://lky.scryptmining.com stratum, pps

imginy

member

Activity: 224

Merit: 10

Quote from: niteryder on May 24, 2013, 09:18:41 PM

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

What's wrong with my pool?

Well I started mining and within a few minutes both my rigs had stopped completely then started up again 30 seconds later running at low hashrate.

Then a few minutes after that I stopped changed pools, I can test again if it would help you.

roundmaster

member

Activity: 81

Merit: 10

Quote from: imginy on May 24, 2013, 09:07:56 PM

Quote from: pizza on May 24, 2013, 09:04:57 PM

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

imgiiny you have't missed much the coin was designed against high hash in the beginning very few blocks have been mined, so you havent missed much. I'm using a p2pool: p2p.sytes.net:19335

thanks for the infomation

I was looking at the p2pool: p2p.sytes.net:19335, it displays 188 LKY per blocks. It rather creepy to see an incorrect value as important as coin per block value.

As far as know, this one is reliable, and the main values are not buggy: pool.afraid.org:8116

niteryder

full member

Activity: 196

Merit: 100

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

What's wrong with my pool?

Kryptox

member

Activity: 98

Merit: 10

Quote from: TheSwede75 on May 24, 2013, 08:56:16 PM

Quote from: Kryptox on May 24, 2013, 08:48:13 PM

Quote from: TheSwede75 on May 24, 2013, 07:39:25 PM

Ha ha, not like Cryptohunter is a LITTLE more competent then you are or anything. But go ahead, and pretend you didn't premine this coin when you start selling it in blocks of 100k in a few hours.

Currently on block 1300 - there are only a total of ~120,000 coins in existence.

You MIGHT be forgetting the 'Luck' blocks here.. Oh and first 500 blocks. Premine.

The 58x reward is only paid every 10,000 blocks. We're on block ~1300. The other "lucky" blocks are insignicant.

500 blocks is only slightly more than 40,000 coins. Out of a total of 200 million coins, this is nothing. Even if the dev got as many as 40k coins, which is highly doubtful, fair play. At even a price of 10 LTC per 1k coins, that amounts to around $1200.

I mined and sold over $15,000 of feathercoins in only a few minutes at launch.

imginy

member

Activity: 224

Merit: 10

Hey guys can anyone confirm that stratum doesn't work on big verns luckycoinpool.com

faraway

sr. member

Activity: 339

Merit: 250

Quote from: imginy on May 24, 2013, 09:07:56 PM

Quote from: pizza on May 24, 2013, 09:04:57 PM

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

imgiiny you have't missed much the coin was designed against high hash in the beginning very few blocks have been mined, so you havent missed much. I'm using a p2pool: p2p.sytes.net:19335

thanks for the infomation

In the case of the p2pool:

cgminer --scrypt -o next.afraid.org:8116 -u yourLKYaddress -p . --queue 0 -s 1

statistics available here: http://next.afraid.org:8116. This pool use a PPLNS payout scheme, and is stratum enabled.

The PPLNS windows is set to 1 hour, so you will get the expected payout after only a few blocks found. Anyway, the default configuration is around 24H. You have to mine days and night to reach the expected value, not fair at all...

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: fenican on May 24, 2013, 08:59:34 PM

How is difficulty up to 4 on this already?? It was released like one minute ago. Why on earth is anyone still mining ?

Accelerated diff adjustment, so it's not an orphan-fest.

imginy

member

Activity: 224

Merit: 10

Quote from: pizza on May 24, 2013, 09:04:57 PM

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

imgiiny you have't missed much the coin was designed against high hash in the beginning very few blocks have been mined, so you havent missed much. I'm using a p2pool: p2p.sytes.net:19335

thanks for the infomation

Kryptox

member

Activity: 98

Merit: 10

Quote from: fenican on May 24, 2013, 08:59:34 PM

How is difficulty up to 4 on this already?? It was released like one minute ago. Why on earth is anyone still mining ?

Difficulty is at 4 because of the large number of early adopters. You're probably used to the other recent coins that had millions of coins instamined in the first few minutes that were shortly dumped thereafter. The lower supply and no single person holding a majority share of the coins should actually help this coin keep some value and credibility.

pizza

member

Activity: 112

Merit: 10

Quote from: imginy on May 24, 2013, 09:02:08 PM

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

imgiiny you have't missed much the coin was designed against high hash in the beginning very few blocks have been mined, so you havent missed much. I'm using a p2pool: p2p.sytes.net:19335

Wolf0

member

Activity: 81

Merit: 1002

It was only the wind.

Quote from: TheSwede75 on May 24, 2013, 08:57:53 PM

Quote from: Hazard on May 23, 2013, 07:15:00 PM

There's no possible 'random' method of determining block rewards. Whatever mechanism you have in place will be cheated to hell in back. Just like with junkcoin.

^^ This. And of course, that is something that OP knows and have used to pre-mine the first 500 blocks VERY profitably.. DERP!

The guy who said that was an idiot. If you base the block reward on something that can't be known ahead of time reasonably, like the previous block's hash, it can't be cheated.

roundmaster

member

Activity: 81

Merit: 10

Quote from: blockjoe on May 24, 2013, 08:42:57 PM

Quote from: blockjoe on May 24, 2013, 08:19:59 PM

Quote from: faraway on May 24, 2013, 07:26:04 PM

Quote from: justover on May 24, 2013, 06:43:38 PM

Quote from: faraway on May 24, 2013, 06:17:41 PM

Quote from: aetos on May 24, 2013, 06:10:38 PM

Quote from: faraway on May 24, 2013, 06:05:29 PM

Quote from: 96redformula on May 24, 2013, 05:58:05 PM

Quote from: faraway on May 24, 2013, 05:55:35 PM

I've added a new p2pool.

Here are the parameters:

cgminer --scrypt -o next.afraid.org:8116 -u yourLKYaddress -p . --queue 0 -s 1

statistics available here: http://next.afraid.org:8116. This pool use a PPLNS payout scheme, and is stratum enabled.

3% fee.

----
This one is up, and fully reliable.

Joined up

not responding

I've added a second node connected to the main one (next.afraid.org:8116), available at least for the next 24h. More bandwith with:

second node: pool.afraid.org:8116

Now the load is OK for both servers. And the coins are there.

As far as I'm concerned these servers work fine.

If you have any issue with the main server: next.afraid.org:8116, you may use the second one: pool.afraid.org:8116. These two server are connected, and are on two different locations.

I use this pool for the last 45mn, it works well. I stay here for the night.

Using a reliable pool increase the coin income... I don't want to check my rig all the day and all the night... The failure recovery has its limits...

This is the one - Reliability, bandwidth and some MH/s, this is the key.

imginy

member

Activity: 224

Merit: 10

Hey guys I only just started mining this coin.

How long ago was release I hope I didn't miss to much.

Ps is there a better pool than this crapper lky.allpoolz.com

pizza

member

Activity: 112

Merit: 10

Quote from: TheSwede75 on May 24, 2013, 08:57:53 PM

Quote from: Hazard on May 23, 2013, 07:15:00 PM

There's no possible 'random' method of determining block rewards. Whatever mechanism you have in place will be cheated to hell in back. Just like with junkcoin.

^^ This. And of course, that is something that OP knows and have used to pre-mine the first 500 blocks VERY profitably.. DERP!

Proof? yeah thats right none the jelly on your face is to much, you mad that devs make some awesome coins and you sit there circling jerking yourself?

avaslaom

newbie

Activity: 42

Merit: 0

any coins for late newbie?

LAMyyC1Fk71vwS5xmigU8M5mZ1Tg4PdrKQ

pizza

member

Activity: 112

Merit: 10

Quote from: BitJohn on May 24, 2013, 08:36:45 PM

http://luckycoinpool.com/ Another great Big Vern pool 0%

yeah another great bigvern pool who lets hash out of control. No one use his fail pools along with his fail cryptsy exchange.

Topic: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair - page 40. (Read 113581 times)