Lucky7Coin (LK7)
It is a PoW/PoS coin with a completely new algorithm to compute superblocks. Lucky7Coin is in the family of PPCoin/Novacoin with latest available algorithms that fixed various problems in the recent PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is a long term energy-efficient cryptocurrency.
Lucky7Coin provides superblocks based on the number of lucky "7"s in the previous block hash. The block payout is determined as follows:
- the hash contains six 7s or less: 77 coins per block
- the hash contains seven or eight 7s: 777 coins per block
- the hash contains nine or more 7s: 7777 coins per block
The 777-coins block occurs approximately 3-8% and 7777-coins block occurs approximately 0.5-2%, depends on the blockchain "luck". So have fun and hope for best of the luck of 7s!
Lucky7Coin also provides 5% annual interest on the coins held. The interest is paid about every 2 weeks.
No Premine.
Specifications - 60 seconds block target
- scrypt
- 77 coins per block for normal blocks
- 777 or 7777 coins per block for super blocks depends on the number of lucky 7s
- Difficulty retargets every block
- mining payout will be halved every half year (259200 blocks)
- mining coins per block will not be lower than 1 coin per block
- Expected total mined coins will be 99,792,000 coins
- 7 confirmations for transaction
- 77 confirmations for minted blocks
- Total coins (hard limit): 500 millions
- Ports:
connection 17777
RPC 17778
To encourage accumulating initial stake, for the first 3 days all the payout will be tripled.
The official website is:
http://lucky7coin.co.nf News and Updates
October 29, 2013: LK7 is listed in cryptsy!
September 16, 2013: network hashrate over 100Mh/s.
September 16, 2013: 1st Mining Pool created by Bigal.
September 15, 2013: Lucky7Coin is launched!
Configuration
Using the following nodes to join the network:
addnode=118.70.190.61
addnode=113.162.191.140
addnode=192.3.79.179
Sample Config File (lucky7coin.conf):
listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=17778
rpcconnect=127.0.0.1
addnode=118.70.190.61
addnode=113.162.191.140
addnode=192.3.79.179
How to Solo Mine
1. Start up lucky7coin-qt, wait for it to load, then exit.
2. Put lucky7coin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/Lucky7Coin
3. restart lucky7coin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
cgminer ex: cgminer.exe --scrypt -o localhost:17778 -u **yourusername** -p **password** (without **)