Topic: LUXCoin — PHI1612 PoW/PoS Hybrid — new topic in last page - page 21. (Read 147082 times)

anorganix
Yes Win 10
But I have this only with LUX

Can I get orphans in staking because of this?

Hi everyone!

I do not have any problems with the wallet and the miner and the pool. Everything works fine, including POS. The team always keeps us up to date with news and Luxcoin is a promising long-term project.

@easlari
There are quite a few coins out there with anonymous devs/team that thrive because of the active development, new features and supportive community. It’s understandable that a premine can create some uncertainty for some, but keep in mind that it’s still a young coin, actively developed and backed by a team with long-term vision. Also, there was no ICO, presale or whatever. Is a coin worth more for you if you know a dev’s LinkedIn, or if it brings tech value and innovation? Everybody is free to join or not. Please take your time to read through 100+ forum pages and check Discord to find out more about premine usage/plans.

skdsw
Win 10? Lots of wallets have issues with it.

Why all versions or LUX QT wallets are eating so much CPU resources and always have a microfreezes?

Thanks! We have more than 10+ years experience in running IT infrastructures- but issues can arise and then we try to immediately fix them and are clear with our communications. I don’t know what people else are expecting...

Last days altminer works better. I use it since the beginning and not just for LUX. Keep the good work!

Can you please eloborate on the issues here?

There was two short downtime’s the last two days while stratum was overloaded. We were clear and communicated with everyone on discord and worked hard getting the stratums stable which we did now after some code review and debug.

It’s quite funny how people try spreading FUD before talking with the owners and trying to get their issues resolved  I am always clear that you can always talk with me ...

Not really , I came from altminer it has massive issues aswell.

Now bsod started acting up too.. would be great to have a "professional" operated pool...

I recommend that you use https://altminer.net/site/mining
For all the time there were no problems, everything is very stable
This is not advertising, but a simple life recommendation ...

Write to me personally and I will help you to buy sp mod ccminer cheaper at a price of 0.02 BTC
The speed increases up to 20%

I never called someone fraud or scam and I do have great respect for devs who create such an amazing project with constant technical updates.

The point still remains that I as an investor, need to see who are devs and communicate with them if necessary . Know about their vision and what exactly they are gonna do. If not, this project would not make sense for miners since they have no clue where the project would go and whats its real purpose.

Mining difficult and ROI is very close to coins like Vertcoin with very strong community, transparent goal, real devs (with picture and LinkedIn) and really bright future. So, I need to find a reason to re-route my focus from VTC to LUX if that makes sense.

Regards

It's just cool!!!
I have 1070 and 20,5 mh, 1060 6 gb - 14,7 mh
use sp mod ccminer 2.2.2

Absolutely. I think they will  reveal themselves (maybe not everyone on the team - but several people from the team). The goals they set for the project (again we need to see Whitepaper first but at least from some bits on discord) will require them to do so. And now we are in sort of high risk high reward situation - but from this point of time we only will see things progressing. 3 000 000 premine is not small if you think of that - but we are soon (2 and 1/2 weeks) will have 10% of premine mine by the network and so far just 1% spent (and more than 2/3rds are in the community - 10 000 bounty and 16 120 MN - is not sold on the exchange) and just a little over 0.1% is "dumped"

Again everyone has the right to ask questions and express concerns - but stating something is a fraud and scam might be too much...

What is the feeling to not understand anything from last 5-10 pages?

Good to see your logical answers.

The two very important concerns remain:

1- 3,000,000 premined for devs at current price is over $6 mil. That's a very potential risk to miners as its gonna take a long time for this share to be diluted in the overall market share.

2- We need to know who are devs, their LinkedIn profile, their picture, ... Is that too much while we are investing out hardware, electricity bill, and on top of it our time.

Regards

I think devs were saying that there is a discussion with whattomine - no time frames though

Very much it would be desirable to see LUX on service WhatToMine (WTM).
Whether it is planned, and if yes, in what about timeframes? Thanks!

Lets put some logic behind it - Devs have premine, premine is the share in Luxcoin managed by Devs, Devs also manage the Luxcoin development.
They launched the network, constantly working on features, wallet releases, coin is on exchange (Cryptopia for now). Developers have used the premine so far on - airpdrop (people where paid some, they might have expected more but still), they've listed the coin on Cryptopia, coinmarketcap, blockfolio, cryptocompare. Devs are planning to list the coin on other exchanges - raising money.

I might be 99.9% wrong about my opinion that Luxcoin is an interesting coin, but here are the facts:

1. Coin was launched on Oct 10th 2017 with 3 000 000 Devs premine
2. Coin was listed on the exchange (Cryptopia) on Oct 27th 2017
3. MN was sold to an investor by Lux team - 16120 Lux
3. Devs sent to Cryptopia the transaction of ~108000 Lux to test Lux wallet for the large transaction transfer
4. As of Oct 31th Devs address on Cryptopia is 105 590 Lux
5. Devs paid the bounty to AMD miner developer - 10 000
6. Devs paid the bounty to explorer developer and upkeeper (unknown)
7. Devs did and airdrop for various tests (~ 400 Lux)
8. Devs staked the premine for the various tests - since the launch of the network on Oct 10th - around ~400 Lux
9. Devs did not release the WP yet
10. Devs did not reveal their identities or legal entity
11. Devs did release the 9 versions of the wallet
12. Devs  "dumped" their 30 000 Lux premine out of 3 000 000 - bounties, exchange listing, MN investor
13. As of Oct 31th there are 3 192 693 Lux in circulation, that is 192 693 coins mined 

No ICO, just huuuge premine

When is that fork happening exactly? I hope soon.