Topic: LUXCoin—New PHI2 PoW/PoS Hybrid—SC—SegWit—PrivateSend—PoS Web Wallet—LuxGate - page 101. (Read 130264 times)
February 20, 2018, 07:05:13 PM
why was the telegram account deleted? that really is not cool and commuinty friendly
February 20, 2018, 06:33:22 PM
You are right, Lupanar. Global hashrates decreased, in turn led to lower diff, hence more rewards for miners.
It is quite easy math. The profit for each miner often stays the same with changes like this as some miners leave.
Im not sure if i agree with how it was done, but still sticking around and mining.
The MN cost is too high in my opinion, but i knew about it before i started so cant really complain. But expressing ones opinion (polite) should always be welcome
How is the new wallet with POS enabled doing?
I'm quite aware of the maths. The problem is the number of miners will be reduced. You simply cannot reduce the reward and maintain the number of miners. This weakens the network, does NOT strengthen it.
The LUX nodes cost literally hundreds of thousands of dollars so most miners will not want to invest that much in one coin so that just leaves them to the very wealthy. This is a coin for the already wealthy.
Masternodes will start to pop up more and more until they become borderline unprofitable. They will lock in coins that will then not be in the ecosystem and the coin will basically hardly be traded. All other coins will be locked up in wallets as pos. This coin will lack trade and the price will continue it's precipitous fall. This will make make those who invested in the masternodes at a higher price very unhappy.
People need to realise that here are no shortcuts here and when you play around with the variables of a coin, you risk fucking it up big time. I believe that the devs have done just that. Given how they fucked up so big with the wallet issue and the coding fail, I can't say I'm terribly surprised that they made another bad decision.
I would really love to see a fork (or clone) of this coin as it has so much potential but not sure if that will happen.
I am expecting/hoping the price will go up in a while as people buy coins to get a masternode and then I will sell all my coins. After that, I expect the coin to fall slowly but consistently to well below a dollar. This will be because the number of masternodes will increase to the point that earnings will be minimal and the investment is just too great all while there is little movement on trade since iners are no longer injecting new coins into the system at the same rate and instead putting the coins into mn or pos.
What a shame this most excellent coin became a shitcoin
Can't wait for you to release your coin...you seem to have it all worked out
February 20, 2018, 06:28:37 PM
You are right, Lupanar. Global hashrates decreased, in turn led to lower diff, hence more rewards for miners.
It is quite easy math. The profit for each miner often stays the same with changes like this as some miners leave.
Im not sure if i agree with how it was done, but still sticking around and mining.
The MN cost is too high in my opinion, but i knew about it before i started so cant really complain. But expressing ones opinion (polite) should always be welcome
How is the new wallet with POS enabled doing?
I'm quite aware of the maths. The problem is the number of miners will be reduced. You simply cannot reduce the reward and maintain the number of miners. This weakens the network, does NOT strengthen it.
The LUX nodes cost literally hundreds of thousands of dollars so most miners will not want to invest that much in one coin so that just leaves them to the very wealthy. This is a coin for the already wealthy.
Masternodes will start to pop up more and more until they become borderline unprofitable. They will lock in coins that will then not be in the ecosystem and the coin will basically hardly be traded. All other coins will be locked up in wallets as pos. This coin will lack trade and the price will continue it's precipitous fall. This will make make those who invested in the masternodes at a higher price very unhappy.
People need to realise that here are no shortcuts here and when you play around with the variables of a coin, you risk fucking it up big time. I believe that the devs have done just that. Given how they fucked up so big with the wallet issue and the coding fail, I can't say I'm terribly surprised that they made another bad decision.
I would really love to see a fork (or clone) of this coin as it has so much potential but not sure if that will happen.
I am expecting/hoping the price will go up in a while as people buy coins to get a masternode and then I will sell all my coins. After that, I expect the coin to fall slowly but consistently to well below a dollar. This will be because the number of masternodes will increase to the point that earnings will be minimal and the investment is just too great all while there is little movement on trade since iners are no longer injecting new coins into the system at the same rate and instead putting the coins into mn or pos.
What a shame this most excellent coin became a shitcoin
February 20, 2018, 06:22:56 PM
PoS and MN payments have been re-activated.
Hybrid MN and PoW reward restructuring announced yesterday will happen at a specific height which will be communicated in the coming days - Previous reward structure is still valid until this switch (0.6 for PoS and 0.4 for MN).
We have implemented ZeroMQ protocol with this wallet release for Block & Transaction Broadcasting.
New Wallets with Staking enabled are here! : https://github.com/216k155/lux/releases/tag/v4.2.0
You will need the new wallets for staking and MN payments to work, so please upgrade at the earliest
Do backup your wallet.dat before install, if forced to reindex/rescan, please follow through.
Upcoming changes in the next version:
- Full Coin control features
Enjoy your Staking and MN rewards! Thank you for your support and patience!
Hybrid MN and PoW reward restructuring announced yesterday will happen at a specific height which will be communicated in the coming days - Previous reward structure is still valid until this switch (0.6 for PoS and 0.4 for MN).
We have implemented ZeroMQ protocol with this wallet release for Block & Transaction Broadcasting.
New Wallets with Staking enabled are here! : https://github.com/216k155/lux/releases/tag/v4.2.0
You will need the new wallets for staking and MN payments to work, so please upgrade at the earliest
Do backup your wallet.dat before install, if forced to reindex/rescan, please follow through.
Upcoming changes in the next version:
- Full Coin control features
Enjoy your Staking and MN rewards! Thank you for your support and patience!
February 20, 2018, 05:58:46 PM
Bid: .00141934 LOL
it was .0032 a couple of weeks ago LOL
BTC was almost half the price at the time LOL, god, your thick
That's probably why devs are changing the MN payout scheme, hoping to attract new investors that would bring the exchange rate higher than it is right now.Your failing on your first goal, you've taken 20% of the miners reward. How is that attractive to POW?! Miners have real world expenses to hardware and electricity and need that 20%, Rich Masternode holders can buy in and sell out in a moments notice breaking even or making profit, if they feel fit to do so. Reducing miners ability to earn and obtain a master node, but increasing the existing MN holders ability to more easily hold more MN's and the ability to dump without hesitation.
There is some seriously shady things seemingly going on behind the scenes here.
"Discord"
lethax - Today at 10:08 PM
yes
4.1.0 and down has 14 masternodes online currently
I can no longer support a coin which will not support its community, but feel that it should cater to 14 major holders, which threatens the smaller community members in profit and volume.
But yet your still here along with with Bender...
February 20, 2018, 05:24:34 PM
lol
Volume: 19.23657351BTC
Last price 0.00115001
shit coin out market really fast
Volume: 19.23657351BTC
Last price 0.00115001
shit coin out market really fast
February 20, 2018, 04:58:28 PM
Hi everybody
Would anyone have a vague idea on how much LUX / month i could get mining with a single GTX 1050 2GB card, or a 1050 Ti 4GB one ? And their hash rates?
Thx!!
Would anyone have a vague idea on how much LUX / month i could get mining with a single GTX 1050 2GB card, or a 1050 Ti 4GB one ? And their hash rates?
Thx!!
February 20, 2018, 04:16:49 PM
This coin...
Ever since an upgrade from 3.0.x the wallet keeps forking, and;
RPC mining was removed as a result of mindlessly upgrading the wallet to a newer version (so solomining doesn't work with default mining software causing centralization);
https://explorer.luxcoin.xyz is stuck;
Half the pools doesn't work anymore but the OP isn't updated;
It would be nice if the wallet had a warning if there's a newer mandatory version available and if it's likely on a wrong fork (hash comparison vs block explorers?).
Ever since an upgrade from 3.0.x the wallet keeps forking, and;
RPC mining was removed as a result of mindlessly upgrading the wallet to a newer version (so solomining doesn't work with default mining software causing centralization);
https://explorer.luxcoin.xyz is stuck;
Half the pools doesn't work anymore but the OP isn't updated;
It would be nice if the wallet had a warning if there's a newer mandatory version available and if it's likely on a wrong fork (hash comparison vs block explorers?).
February 20, 2018, 03:14:00 PM
I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).
See the full breakdown: https://luxmasternode.com
Oh wow, it's that much now? That's a big jump in % ROI for a seemingly 'small' change in PoW rewards. It was around 50% before now almost 300%. See the full breakdown: https://luxmasternode.com
Yeah, 20% of miner's 10 LUX is a lot more than the percent of staker's 1 LUX.
February 20, 2018, 02:48:32 PM
Zergpool is most profitable when you are using profit switching. Most everyone is using sniffdog or nemos and since the pool is smaller they chase the lower block difficulty through several algos and the pool converts to the coin of their choosing. You end up making a ton more than you would just mining a single coin.
Well that may explain why hash constantly comes and goes there. No sense in sticking it out in their phi pool. The consistency or lack thereof is a problem in my particular situation.Thanks for the explanation.
February 20, 2018, 02:44:05 PM
I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).
See the full breakdown: https://luxmasternode.com
Oh wow, it's that much now? That's a big jump in % ROI for a seemingly 'small' change in PoW rewards. It was around 50% before now almost 300%. See the full breakdown: https://luxmasternode.com
February 20, 2018, 02:23:55 PM
How mining Luxcoin with NVIDIA good tutorials http://howmining.info/mine-lux-coin-nvidia/
February 20, 2018, 01:08:07 PM
I so understand to stack senselessly?
February 20, 2018, 12:43:59 PM
I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).
See the full breakdown: https://luxmasternode.com
See the full breakdown: https://luxmasternode.com
February 20, 2018, 11:37:11 AM
Not sure what the issue is with zergpool every time I join there is at least a few GH/s and then within a few hours everyone drops off but me. Then I switch off to somewhere else. Go back and check again several hours later and sometimes there are people there again other times no. Every time I re-join I end up being the only one there after a couple hours.
People can't make up their minds on where they want to leave their hash. lol
Zergpool is most profitable when you are using profit switching. Most everyone is using sniffdog or nemos and since the pool is smaller they chase the lower block difficulty through several algos and the pool converts to the coin of their choosing. You end up making a ton more than you would just mining a single coin. People can't make up their minds on where they want to leave their hash. lol
February 20, 2018, 10:47:06 AM
its just me
I can't connect here:
ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX
ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX
stratum not responding
with a couple of 1050 ti
Suggestion ?
I can't connect here:
ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX
ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX
stratum not responding
with a couple of 1050 ti
Suggestion ?
futurecoins.club has been down for weeks now...no one mines there..I asked bsod.pw because I had the same problem and they said it has to do something with spmod miner that I use and i should try another one. I went to yiimp. You can try whichever pool you like from the available ones..
February 20, 2018, 09:30:27 AM
Wasn't new Wallet suppose to be release yesterday (Monday)?
February 20, 2018, 08:55:11 AM
Not sure what the issue is with zergpool every time I join there is at least a few GH/s and then within a few hours everyone drops off but me. Then I switch off to somewhere else. Go back and check again several hours later and sometimes there are people there again other times no. Every time I re-join I end up being the only one there after a couple hours.
People can't make up their minds on where they want to leave their hash. lol
People can't make up their minds on where they want to leave their hash. lol
February 20, 2018, 07:26:57 AM
its just me
I can't connect here:
ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX
ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX
stratum not responding
with a couple of 1050 ti
Suggestion ?
I can't connect here:
ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX
ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX
stratum not responding
with a couple of 1050 ti
Suggestion ?
February 20, 2018, 06:35:29 AM
Bid: .00141934 LOL
it was .0032 a couple of weeks ago LOL
BTC was almost half the price at the time LOL, god, your thick
That's probably why devs are changing the MN payout scheme, hoping to attract new investors that would bring the exchange rate higher than it is right now.And my decision to walk away from this shit coin won't be changed either. Inflexible dev team is a VERY bad sign. This after very bad FUCKUP with the wallets and suspending of POS.
You take away instead of just add. Already unprofitable to mine and now worse. No thank you, you can keep it and I will mine elsewhere and get better profits. You only care to make very rich people richer and that is a tiny number and you will not support your network better with less people mining. Hope you can survive with only MN.
Maybe better to change name of coin to TightAss Coin?
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