Topic: [PoW] LuckyBits - Gamified Blockchain Mining with Multipliers and Big Rewards! (Read 164 times)
Today at 05:25:56 AM
Clarification on Block Reward and Premine
I received clarification from the team regarding the block reward and premine. I wanted to share this information here for everyone's benefit, as it may not have been mentioned clearly before.
So, to clear things up: the figures mentioned above refer to the base reward, not the actual block reward. Each block contains a base reward starting with 10 coins, as stated on the website. This base reward is then multiplied by the Lucky Multiplier, which can go up to 1000x.
Here’s the Block Reward Formula: BLOCK REWARD = BASE REWARD x LUCKY MULTIPLIER
Example:
If you mine a block with a base reward of 10 coins and hit a 100x multiplier, your total block reward will be:
BLOCK REWARD = 10 coins x 100 = 1000 coins!
The probability of each multiplier is also listed on the website, so be sure to check it out.
September 18, 2024, 07:04:56 PM
Mining Profit Calculator
https://www.mymining.cc/cpu_hashrates_electricity
https://www.mymining.cc/cpu_hashrates_electricity
September 17, 2024, 04:44:54 PM
Hello Bitcointalk! 🎉
We're excited to introduce LuckyBits—the first gamified blockchain that blends traditional Proof of Work (PoW) mining with the excitement of random multipliers and jackpot-like rewards! Whether you're a seasoned miner or just starting out, **LuckyBits** offers a thrilling mining adventure that keeps you on the edge of your seat with every block!
---
🌟 What is LuckyBits?
LuckyBits is an innovative Ethereum PoW fork designed to make mining **fun, engaging, and rewarding**! We’ve added a gamified twist to the usual mining process: every block has a chance to hit huge multipliers, turning your mining rewards into **massive wins**. 💥
🔮 Random Multiplier System:
Every block mined has the chance to multiply your rewards, from **0x** to an incredible **1000x**. Using the parent block’s hash, we introduce a unique randomness into the reward distribution—every block could be your **jackpot moment**!
⚡ Aggressive Block Reward Reduction:
Our tokenomics ensure that LuckyBits is not just a mining thrill ride, but also **sustainable** and **valuable**. Starting at 10 coins per block, rewards decrease by 1 coin every 100,000 blocks until the base reward of 1 coin per block is reached.
🔒 Decentralized Proof of Work:
Built on the proven security of Ethash-based PoW, LuckyBits remains decentralized, giving every miner a fair chance to participate. Decentralization and fairness are at the core of everything we do.
🎲 Exciting Game Mechanics:
In addition to mining rewards, **Phase 2** of LuckyBits will introduce a suite of decentralized games and lottery-style mechanics, adding more fun ways to earn.
---
🚀 Why Choose LuckyBits?
1. 🎰 Multiplier-Based Block Rewards
Imagine mining a block and instead of the standard reward, you hit a **1000x multiplier**! At LuckyBits, it’s all about making every block an adventure. Whether you get a small boost or hit the jackpot, mining has never been this much fun!
2. 🎯 Random Blockhash-Based Multipliers
LuckyBits uses the parent block’s hash to determine the multiplier for each block, ensuring a **fair, transparent, and unpredictable** system that keeps every block exciting!
3. 📉 Aggressive Block Reward Cut
Our supply strategy ensures that early miners are rewarded while maintaining long-term value. Starting with 10 coins per block and gradually decreasing to 1 coin per block, LuckyBits creates scarcity over time, supporting a **deflationary economy**.
4. 🛡️ Proven Proof of Work Security
LuckyBits runs on the Ethereum PoW consensus algorithm, providing miners with a secure and decentralized environment that they can trust.
5. 🔥 Token Burn Mechanism
A portion of tokens generated by **Phase 2 products** (like decentralized games and services) will be periodically burned to **reduce the circulating supply** and boost long-term token value. Additionally, **user losses** in certain games will contribute to the burn, helping manage inflation and balance the ecosystem.
---
💰 Tokenomics
- Unlimited Supply but with managed inflation.
- Aggressive Reward Reductions: Starting at 10 coins per block, reducing every 100,000 blocks.
- It will take 5 months to reach 1 coin per block.
- After that, the reward remains fixed for the lifetime of the chain.
---
🎮 Phase 2: LuckyBits Casino and Games!
In **Phase 2**, LuckyBits will unleash a range of exciting decentralized products:
- Smart Contract-Based Casino Games: From blackjack to poker, trustless, fair, and fully decentralized.
- Lottery and Prediction Games: Win big in daily, weekly, and monthly lottery events, or try your hand at predicting global events, sports outcomes, and crypto prices!
- Decentralized Betting Events: Fully decentralized betting with secure, trustless payouts.
---
🛠️ Development and Roadmap
1. Phase 1: Launch of the mainnet, multiplier-based mining, and community growth.
2. Phase 2: Expansion into decentralized games, lotteries, prediction markets, and more exciting features!
---
💥 Join the LuckyBits Community!
LuckyBits is more than just a blockchain; it's a **vibrant community** of miners, gamers, and crypto enthusiasts. Whether you’re here to mine, play, or invest, LuckyBits has something for everyone. 🚀
🔗 Website: LuckyBits.org
🐦 Twitter: @LuckyBitsOrg
💬 Discord: Join Us on Discord
📱 Telegram: Telegram Channel | Telegram Group
---
⚒️ Start Mining Your Luck Today!
Join the mining revolution with LuckyBits, where every block could make you a **winner**! 🎰💸
⛏️ Happy Mining! ⛏️
We're excited to introduce LuckyBits—the first gamified blockchain that blends traditional Proof of Work (PoW) mining with the excitement of random multipliers and jackpot-like rewards! Whether you're a seasoned miner or just starting out, **LuckyBits** offers a thrilling mining adventure that keeps you on the edge of your seat with every block!
---
🌟 What is LuckyBits?
LuckyBits is an innovative Ethereum PoW fork designed to make mining **fun, engaging, and rewarding**! We’ve added a gamified twist to the usual mining process: every block has a chance to hit huge multipliers, turning your mining rewards into **massive wins**. 💥
🔮 Random Multiplier System:
Every block mined has the chance to multiply your rewards, from **0x** to an incredible **1000x**. Using the parent block’s hash, we introduce a unique randomness into the reward distribution—every block could be your **jackpot moment**!
⚡ Aggressive Block Reward Reduction:
Our tokenomics ensure that LuckyBits is not just a mining thrill ride, but also **sustainable** and **valuable**. Starting at 10 coins per block, rewards decrease by 1 coin every 100,000 blocks until the base reward of 1 coin per block is reached.
🔒 Decentralized Proof of Work:
Built on the proven security of Ethash-based PoW, LuckyBits remains decentralized, giving every miner a fair chance to participate. Decentralization and fairness are at the core of everything we do.
🎲 Exciting Game Mechanics:
In addition to mining rewards, **Phase 2** of LuckyBits will introduce a suite of decentralized games and lottery-style mechanics, adding more fun ways to earn.
---
🚀 Why Choose LuckyBits?
1. 🎰 Multiplier-Based Block Rewards
Imagine mining a block and instead of the standard reward, you hit a **1000x multiplier**! At LuckyBits, it’s all about making every block an adventure. Whether you get a small boost or hit the jackpot, mining has never been this much fun!
2. 🎯 Random Blockhash-Based Multipliers
LuckyBits uses the parent block’s hash to determine the multiplier for each block, ensuring a **fair, transparent, and unpredictable** system that keeps every block exciting!
3. 📉 Aggressive Block Reward Cut
Our supply strategy ensures that early miners are rewarded while maintaining long-term value. Starting with 10 coins per block and gradually decreasing to 1 coin per block, LuckyBits creates scarcity over time, supporting a **deflationary economy**.
4. 🛡️ Proven Proof of Work Security
LuckyBits runs on the Ethereum PoW consensus algorithm, providing miners with a secure and decentralized environment that they can trust.
5. 🔥 Token Burn Mechanism
A portion of tokens generated by **Phase 2 products** (like decentralized games and services) will be periodically burned to **reduce the circulating supply** and boost long-term token value. Additionally, **user losses** in certain games will contribute to the burn, helping manage inflation and balance the ecosystem.
---
💰 Tokenomics
- Unlimited Supply but with managed inflation.
- Aggressive Reward Reductions: Starting at 10 coins per block, reducing every 100,000 blocks.
- It will take 5 months to reach 1 coin per block.
- After that, the reward remains fixed for the lifetime of the chain.
---
🎮 Phase 2: LuckyBits Casino and Games!
In **Phase 2**, LuckyBits will unleash a range of exciting decentralized products:
- Smart Contract-Based Casino Games: From blackjack to poker, trustless, fair, and fully decentralized.
- Lottery and Prediction Games: Win big in daily, weekly, and monthly lottery events, or try your hand at predicting global events, sports outcomes, and crypto prices!
- Decentralized Betting Events: Fully decentralized betting with secure, trustless payouts.
---
🛠️ Development and Roadmap
1. Phase 1: Launch of the mainnet, multiplier-based mining, and community growth.
2. Phase 2: Expansion into decentralized games, lotteries, prediction markets, and more exciting features!
---
💥 Join the LuckyBits Community!
LuckyBits is more than just a blockchain; it's a **vibrant community** of miners, gamers, and crypto enthusiasts. Whether you’re here to mine, play, or invest, LuckyBits has something for everyone. 🚀
🔗 Website: LuckyBits.org
🐦 Twitter: @LuckyBitsOrg
💬 Discord: Join Us on Discord
📱 Telegram: Telegram Channel | Telegram Group
---
⚒️ Start Mining Your Luck Today!
Join the mining revolution with LuckyBits, where every block could make you a **winner**! 🎰💸
⛏️ Happy Mining! ⛏️
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