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1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][LK7] Lucky7Coin - PoW/PoS, BonusBlock based on your lucky 7s! |No Premine on: September 16, 2013, 05:26:16 AM


Lucky7Coin (LK7)

It is a PoW/PoS coin with a completely new algorithm to compute superblocks. Lucky7Coin is in the family of PPCoin/Novacoin with latest available algorithms that fixed various problems in the recent PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is a long term energy-efficient cryptocurrency.

Lucky7Coin provides superblocks based on the number of lucky "7"s in the previous block hash. The block payout is determined as follows:
- the hash contains six 7s or less: 77 coins per block
- the hash contains seven or eight 7s: 777 coins per block
- the hash contains nine or more 7s: 7777 coins per block

The 777-coins block occurs approximately 3-8% and 7777-coins block occurs approximately 0.5-2%, depends on the blockchain "luck". So have fun and hope for best of the luck of 7s!

Lucky7Coin also provides 5% annual interest on the coins held. The interest is paid about every 2 weeks.

No Premine.



Specifications

   - 60 seconds block target
   - scrypt
   - 77 coins per block for normal blocks
   - 777 or 7777 coins per block for super blocks depends on the number of lucky 7s
   - Difficulty retargets every block
   - mining payout will be halved every half year (259200 blocks)
   - mining coins per block will not be lower than 1 coin per block
   - Expected total mined coins will be 99,792,000 coins
   - 7 confirmations for transaction
   - 77 confirmations for minted blocks
   - Total coins (hard limit): 500 millions

   - Ports:
      connection 17777
      RPC 17778

To encourage accumulating initial stake, for the first 3 days all the payout will be tripled.


The official website is: http://lucky7coin.co.nf




Mining Pools

Bigal's Small Time Miner Lucky7 Pool:
* http://lk7.smalltimeminer.com
* Proportional Payouts. Full Block Rewards. 1% Fee.
* Stratum Only: stratum+tcp://smalltimeminer.com:3338


Ortchi's Stratum & pushpool:
http://coin-base.net/lucky/

1% POOL FEE
Payoutsystem prop

Stratum:
stratum+tcp://coin-base.net:3440
+
pushpool
http://coin-base.net:8440








Downloads

Windows Client Downloads:

Mega.co.nz:
https://mega.co.nz/#!kx1gXYwC!dbcnukb7vKRm3C1g2y8jpgTFxy5z3W-KLJYy6r6wxOs

Skydrive:
https://skydrive.live.com/redir?resid=C2C35F61D60330B7!107&authkey=!APgcWj4YxGq6ax0


Source Code Download:

https://github.com/lucky7coin/lucky7coin



News and Updates

October 29, 2013: LK7 is listed in cryptsy!
September 16, 2013: network hashrate over 100Mh/s.
September 16, 2013: 1st Mining Pool created by Bigal.
September 15, 2013: Lucky7Coin is launched!
 



Configuration

Using the following nodes to join the network:

addnode=118.70.190.61
addnode=113.162.191.140
addnode=192.3.79.179



Sample Config File (lucky7coin.conf):

listen=1
daemon=1
server=1
rpcuser=**Yourusername**
rpcpassword=**Yourpassword**
rpcport=17778
rpcconnect=127.0.0.1
addnode=118.70.190.61
addnode=113.162.191.140
addnode=192.3.79.179


How to Solo Mine

1. Start up lucky7coin-qt, wait for it to load, then exit.
2. Put lucky7coin.conf (see sample file above) in your c:/users/**yourcomputername**/AppData/Roaming/Lucky7Coin
3. restart lucky7coin-qt, and you should connect and sync.
4. For solo mining, launch cgminer or the mining program you use and begin mining.
      cgminer ex: cgminer.exe --scrypt -o localhost:17778 -u **yourusername** -p **password** (without **)








2  Other / Beginners & Help / Why no one create a fork from Bitcoin? on: July 24, 2013, 09:44:25 PM
I saw many new coins created, most are forks of litecoin or PPcoin/Novaoin. Why no Bitcoin forks?
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