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Pages: [1] 2 »
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 I'm glad we agree on card inflation.
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If i7 first gen.. ~300h / unit.. solo mine with under 4000 hash is just practice..... If 1080ti over a year old, it did not cost as much as now. Bonus, wavi much cooler to run than Zec in the summer....
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What hash you solo mining at? When will dev. add proof of stake?  |
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Boozer_ 98% of this project is AWESOME! MN Wallet Launch. Is the Bump in the road. Maybe, Bounty?
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POS reward went from 2lux when no Masternodes were online to the 1.2lux because masternodes need to be paid!
Pretty easy to get that through your thick skull right?
Pos 2lux
1.2 to the pos miner
.8 to the masternode
After block 100,000
Pos 1lux
.6 to the miner
.4 to the masternode
**From The Whitepaper** “The PoS reward is set to 50% of block reward. However, for the first 100,000 blocks the reward is set to 100% of the block reward. The result is that the current PoS reward is 2 LUX to those staking.” My head is very thick on this part. If after block 100,000 PoS is 0.6 and MN is 0.4. Who will keep the other 50% of the 2 LUX block reward. ** Originally it was 1 LUX PoS then 1 LUX MN. Is it now 1 LUX Dev while PoS and MN share 1 LUX? ** What asshat math is this? 1-99,999 blocks 2lux pos reward 1.2 to the pos miner .8 to the masternode After block 100,000, 1lux pos reward Pos 1lux .6 to the miner .4 to the masternode That’s it, dev doesn’t get shit. If you have a MN you get paid. Do you have an authority to *CLAIM* that 100% PoS will be 1 LUX @ Block 100,000? Or is that your HOPE? |
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POS reward went from 2lux when no Masternodes were online to the 1.2lux because masternodes need to be paid!
Pretty easy to get that through your thick skull right?
Pos 2lux
1.2 to the pos miner
.8 to the masternode
After block 100,000
Pos 1lux
.6 to the miner
.4 to the masternode
**From The Whitepaper** “The PoS reward is set to 50% of block reward. However, for the first 100,000 blocks the reward is set to 100% of the block reward. The result is that the current PoS reward is 2 LUX to those staking.” My head is very thick on this part. If after block 100,000 PoS is 0.6 and MN is 0.4. Who will keep the other 50% of the 2 LUX block reward. ** Originally it was 1 LUX PoS then 1 LUX MN. Is it now 1 LUX Dev while PoS and MN share 1 LUX? ** What asshat math is this? |
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In the beginning Lux coin promised to be a cross crypto platform with reduced load POW/POS including Masternodes. To advance the project the Development team pre-mined 3 million coins of the 60 million total supply. Luring in the required POW miners with POS staking that would pay 2 Lux to the POS staking miner during the first 100,000 blocks. Then after the POS stake would pay 1 Lux to the Miner and 1 Lux to a Masternode owner. For the first 31,000 dispersement seemed to coincide with the representations of the dev team. POS reward was in fact 2 Lux. A hard fork was discussed the dev team seemed spit, then a wallet (also a sp-mod miner missing many solvers) was released with scare tactics that are reminiscent of any bank robbery “Do this OR ELSE”. If fact, the wallet did not protect the miners coins. It simply took them. In one wallet release a pay structure was reduced from 2 coin POS to 1.2. While this is a move that would surely make any tyrant proud, and likely humbled at it’s execution. The developers responses to reasonable questions about the current and expected future reward structure . Seems equivalent to a Jew asking questions about the concentration camp. The Dev and the Nazi only say “because, you must, because, we say.” So we are all retold a story that as of late will be 1.2 coin POS then 0.6 POS. No one is really sure how deep the developers will cut the miners next time. Just know that responding negatively and naturally to blatant misrepresentations made by this team. Will not be tolerated by the sensitivities of this development team. They will make void what what ever they choose. This Dev. Team has attracted some noteworthy talent. One can only wonder what will become of this project. Do YOUR OWN RESEARCH!!!  |
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Not now as you stated, but in about 50K blocks, as announced.
And yes, your math is good, in both cases.
Now that you've posted your concern about this whole deception thing I consider that this PoS and MN aspect is clear for everyone.
As such, any future posts from you quoting the same text over and over again will be deleted without notice.
Later edit: To really feed your appetite, feel free to stake with the older wallet to get 2 LUX instead of 1.2. The team will pay the difference to the MN owners. Because an asshole is always an asshole.
Considering the Vetting process for MN and the chain holes visibile in RPC miner. I could see a close knit group robbing wallets..AGAIN |
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I can clearly understand your point of view, and you are also right, but also try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.
LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins. PoS Statistics First 100k blocks = 2x Reward(2LUX) Target Spacing: 120s Maturity = 80 Blocks TX Confirmation = 10 Blocks MinimumStake Age = 36 Hours No Maximum Stake Age Unlimited Maximum PoS So who ever wrote the above is an asshole for forgetting that they wrote it while selling MN? MN sale came after..... Changed around block 41k.. Even a belated airdrop of same amounts lost in principal would not compound efficiently enough to encourage Faith in this Fiduciary. No Trust a 1/coin. I'm not 100% sure that I understand what you're saying, but again, MNs were announced from the start and activated later, of course. Also, premine was clearly announced from the start and some of it was used to get listed on exchange by selling to investors (16120 batches for MN) after a screening process. You do get the idea that a someone investing in a MN has to get some incentive to keep it up & running. Remember, PoS block is rewarding 2 LUX. NOW Long term POS IS going to be 0.6 instead of 1 and 2 is 1.2 With all this deception. I wonder what Dev will bail first. How can you trust that? But I'm still sure that the miners were FIRST told this... LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins. PoS Statistics First 100k blocks = 2x Reward(2LUX) Target Spacing: 120s Maturity = 80 Blocks TX Confirmation = 10 Blocks MinimumStake Age = 36 Hours No Maximum Stake Age Unlimited Maximum PoS Then some asshole forgot about the POW miners agreement BLOCK 100k 2LUX then 1LUX MN 1LUX POS. But, a liar is a liar... |
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Miners read the home page.. Why didn't MN Buyers? Maybe, when you say READ the whitepaper. It IS insulting.
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I can clearly understand your point of view, and you are also right, but also try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.
LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins. PoS Statistics First 100k blocks = 2x Reward(2LUX) Target Spacing: 120s Maturity = 80 Blocks TX Confirmation = 10 Blocks MinimumStake Age = 36 Hours No Maximum Stake Age Unlimited Maximum PoS So who ever wrote the above is an asshole for forgetting that they wrote it while selling MN? MN sale came after..... Changed around block 41k.. Even a belated airdrop of same amounts lost in principal would not compound efficiently enough to encourage Faith in this Fiduciary. No Trust a 1/coin. |
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Protocol change!!! That is why everyone (except MARTIN other MN) is pissed. You basically voided MOST of the compounding gains that miners would have been led to rationalize when reading... LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics
First 100k blocks = 2x Reward(2LUX)
Target Spacing: 120s
Maturity = 80 Blocks
TX Confirmation = 10 Blocks
MinimumStake Age = 36 Hours
No Maximum Stake Age
Unlimited Maximum PoS
Adding insult to injury is a constant barrage of "We told you so" After the fact does not constitute due diligence on the teams part. Discord..same assholes, same shit.. If you read the above statement from Luxcoin.tech (of course that was out three weeks before Martin got his MN Then the WhitePaper and then the MN cram down began) 1.2 Never shows up until Martin needs a node and the Team realizes miners compounding could be a thing. Now a miner only needs 20 1080Ti and 5 Years to get a NODE. Thanks TEAM!!
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Wallet 2.2.2 still paying ok.. Asshole
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LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics
First 100k blocks = 2x Reward(2LUX)
Target Spacing: 120s
Maturity = 80 Blocks
TX Confirmation = 10 Blocks
MinimumStake Age = 36 Hours
No Maximum Stake Age
Unlimited Maximum PoS
If you read that and the number 1.2 coins pops in your head.. Your an asshole.
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51230 7f550e33f36912d119ed833868e5f80812fe239c71b023aa00d0cb59d137513c 1 10.00051230 Sun, 12 Nov 2017 13:27:40 GMT 51230 33bf4fbd38a9a08521bd85f3655fb068a1dc0217e0c15e4004f6b58706b0abdc 1 10.00051230 Sun, 12 Nov 2017 13:27:55 GMT 51232 b7dc2e6e8a29831295d272186c9809c76ef8ff93915547ab9eafefb760def2d7 2 2.00000366 Sun, 12 Nov 2017 13:30:56 GMT 51232 6e8a1302446acbc7437643bd7de100332436c0fed7158b00f488358adf7b5683 2 2.00000366 Sun, 12 Nov 2017 13:30:56 GMT  |
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50871 8571e3a0e44203798bedf7c8e8fe2657710a9a977e31c76792992bdb120a359e 2 200.79845051 Sun, 12 Nov 2017 07:40:16 GMT 50871 99fcb51b11c1601fc383fce6b965daf32c5bae40e2528e7fe5760dd3f5fcf445 223 380.01804731 Sun, 12 Nov 2017 07:40:16 GMT 50871 64b977033d2e63367d82c11440672eff59366266ee604a4f510dd829c76f0eca 2 2.00000187 Sun, 12 Nov 2017 07:40:16 GMT 50870 24ab601e5ae0cbd07408ecad530f7b37abfb887dca4e5445b973a93ff2f4d361 2 16119.99990000 Sun, 12 Nov 2017 07:38:22 GMT 50870 321fafc64a5712ab8bb107d371f7f48d934c8b3c21d05a212a468823512d18a5 1 10.00050870 Sun, 12 Nov 2017 07:38:22 GMT
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What will be POS reward after block 100k?  After 200k? |
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Wallet upgrade to readjust POS staking for MNs sold to Vetted few (who?). Dev. always changing language for everything. Even inside of wallet.  |
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Would Dev pay bounty for MasterNode Video tutorial?
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Where is Yiimp Pool? |
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