Topic: LUXCoin — PHI1612 PoW/PoS Hybrid — new topic in last page - page 84. (Read 147102 times)
Hey AltMiner.net, any chance to have a windows miner asap?
Can someone please confirm whether this math is right? New algo looks promising, but trying to work out some of the economics of this to see if its worth the time/hash:
Blocktime looks like it's 2 mins, right? So 720 blocks a day, with 10 Lux/Block. This is 7200 LUX/day, or 7200*365 = 2,628,000 LUX/year.
The dev pre-mine is 5% of 60 million blocks, = 3,000,000 pre-mine. The PoS reward is 50%, with double-rewards for the first 100k blocks. Let's ignore the double rewards. So dev will earn 1.5 million Lux in one year.
Let's assume all miners can stake perfectly. This is far from true, but lets say that every time a block is found by a miner, it begins to stake. This means that over the course of the year, on average half the mined supply will be staked at 50%, so the staking result is 2,628,000 * 0.25 = 657,000. The maximum total earned by a perfect mining/staking system is 2,628,000 mining + 657,000 staking = 3,285,000 LUX.
Holdings after year 1: Dev 4,500,000 LUX, miners 3,285,000 LUX.
Should I be worried about dev holding well over 50% of the supply even after one year? Genuine question, maybe I shouldn't care because new algos are so money they can overcome this.
Blocktime looks like it's 2 mins, right? So 720 blocks a day, with 10 Lux/Block. This is 7200 LUX/day, or 7200*365 = 2,628,000 LUX/year.
The dev pre-mine is 5% of 60 million blocks, = 3,000,000 pre-mine. The PoS reward is 50%, with double-rewards for the first 100k blocks. Let's ignore the double rewards. So dev will earn 1.5 million Lux in one year.
Let's assume all miners can stake perfectly. This is far from true, but lets say that every time a block is found by a miner, it begins to stake. This means that over the course of the year, on average half the mined supply will be staked at 50%, so the staking result is 2,628,000 * 0.25 = 657,000. The maximum total earned by a perfect mining/staking system is 2,628,000 mining + 657,000 staking = 3,285,000 LUX.
Holdings after year 1: Dev 4,500,000 LUX, miners 3,285,000 LUX.
Should I be worried about dev holding well over 50% of the supply even after one year? Genuine question, maybe I shouldn't care because new algos are so money they can overcome this.
Should be careful... let's see what devs would say.
You can mine without issues at altminer.net - port 6667
Can someone please confirm whether this math is right? New algo looks promising, but trying to work out some of the economics of this to see if its worth the time/hash:
Blocktime looks like it's 2 mins, right? So 720 blocks a day, with 10 Lux/Block. This is 7200 LUX/day, or 7200*365 = 2,628,000 LUX/year.
The dev pre-mine is 5% of 60 million blocks, = 3,000,000 pre-mine. The PoS reward is 50%, with double-rewards for the first 100k blocks. Let's ignore the double rewards. So dev will earn 1.5 million Lux in one year.
Let's assume all miners can stake perfectly. This is far from true, but lets say that every time a block is found by a miner, it begins to stake. This means that over the course of the year, on average half the mined supply will be staked at 50%, so the staking result is 2,628,000 * 0.25 = 657,000. The maximum total earned by a perfect mining/staking system is 2,628,000 mining + 657,000 staking = 3,285,000 LUX.
Holdings after year 1: Dev 4,500,000 LUX, miners 3,285,000 LUX.
Should I be worried about dev holding well over 50% of the supply even after one year? Genuine question, maybe I shouldn't care because new algos are so money they can overcome this.
Blocktime looks like it's 2 mins, right? So 720 blocks a day, with 10 Lux/Block. This is 7200 LUX/day, or 7200*365 = 2,628,000 LUX/year.
The dev pre-mine is 5% of 60 million blocks, = 3,000,000 pre-mine. The PoS reward is 50%, with double-rewards for the first 100k blocks. Let's ignore the double rewards. So dev will earn 1.5 million Lux in one year.
Let's assume all miners can stake perfectly. This is far from true, but lets say that every time a block is found by a miner, it begins to stake. This means that over the course of the year, on average half the mined supply will be staked at 50%, so the staking result is 2,628,000 * 0.25 = 657,000. The maximum total earned by a perfect mining/staking system is 2,628,000 mining + 657,000 staking = 3,285,000 LUX.
Holdings after year 1: Dev 4,500,000 LUX, miners 3,285,000 LUX.
Should I be worried about dev holding well over 50% of the supply even after one year? Genuine question, maybe I shouldn't care because new algos are so money they can overcome this.
what pool work now?
Two addresses has >99% the coin http://18.216.19.65/richlist
that is dev wallet 5% premine 300M
Two addresses has >99% the coin http://18.216.19.65/richlist
wallet not sync
Getting ~15Mh/s using RX580 AMD
Join us over at https://thecryptopool.com 0.5% fee on all coins for the month of October.
-a phi -o stratum+tcp://thecryptopool.com:6667 -u -p c=LUX
Dedicated servers located in South Central US
-a phi -o stratum+tcp://thecryptopool.com:6667 -u
Dedicated servers located in South Central US
I'm only getting around 46 Mh/s with my 6x PNY 1060 3gb cards.
Bummer.
Bummer.
Thank Altminer
To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
We are still in instamine protection...
To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
I doubt it will go above $1, with 60mil supply, the cap would be 60mil if it was $1.
To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
Kinda pointless to mine solo during instamine protection blocks, no?
agreed, I obviously didn't read the OP
Can't blame you, they all started looking the same a long time ago.
Kinda pointless to mine solo during instamine protection blocks, no?
agreed, I obviously didn't read the OP
I like to solo-mine on the first day of coins... but I guess lots of people were already mining by now (I was at work when the coin launched at 10:00am Dallas time)
pointing 200 MH/s to Altminers.net
maybe I'll get my AMD rigs in too...
pointing 200 MH/s to Altminers.net
maybe I'll get my AMD rigs in too...
Kinda pointless to mine solo during instamine protection blocks, no?
I like to solo-mine on the first day of coins... but I guess lots of people were already mining by now (I was at work when the coin launched at 10:00am Dallas time)
pointing 200 MH/s to Altminers.net
maybe I'll get my AMD rigs in too...
pointing 200 MH/s to Altminers.net
maybe I'll get my AMD rigs in too...
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