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explorer updates every minute and can be off by 2-3 at times
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Please note: Rewards will halve at block 300,000 and drop again at 350,000:
300,000 - 15 LYTX rewards - 3.75 staker, 6 masternode, 4.5 maxnode, 0.75 dev fee
350,000 - 10 LYTX rewards - 2.5 staker, 4 masternode, 3 maxnode, 0.5 dev fee
next drop at 700,000
so LYTX is getting more scarce! any news about bittrex plans? I'm on block 340244 and blockchain shows 340276 any chance I'm on a fork? my wallet seems ok but I'm only receiving maxnode payments, stakes seems to go all missing. we're on v2.0.2 right? There have been some chain issues over the past few weeks. The explorers are on the right chain: http://explorer.lytixchain.org. If you find that you're off then you can follow this guide in the interim until we find a more permanent fix: https://github.com/LytixChain/lytix/wiki/Forked-rebuild. If you are not on the right chain then, you'll just be wasting resources and all of your gains will end up as conflicted. Best to get on the right chain as soon as possible. |
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Please note: Rewards will halve at block 300,000 and drop again at 350,000:
300,000 - 15 LYTX rewards - 3.75 staker, 6 masternode, 4.5 maxnode, 0.75 dev fee
350,000 - 10 LYTX rewards - 2.5 staker, 4 masternode, 3 maxnode, 0.5 dev fee
next drop at 700,000
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BIG Up to FDR for helping us with the Dextro listing! It's heartwarming to see that some project leaders are willing to build a nice global community instead of stepping on each other!! Go French Digital Reserve!
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just curious here:
maxnodes have lower rewards than masternodes?
shouldn't it be opposite?
Avg. MN Payment: 6.80 hours Avg. MAX Payment: 0.34 hours you get paid more frequently because there will always be very few. this will be one of many types of compensations for maxnodes |
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Corp account requested at Bittrex for the Foundation. I'll keep you posted on how it goes. Once that goes through then I'll submit a listing request. We will need legal memos in the US and Malta. That might be costly.
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ended up in a fork, updated client and deleted all blocks, resyncing now.
everything seems fine besides my staking
seems like staking doesn't turn on on the new version.
any idea why?
https://github.com/LytixChain/lytix/releases/tag/v2.0.1upgrade to that - I have disabled maxsync for staking. If you stake you will need that patched release. You don't need it for masternodes or maxnodes. will definitely check, thanks a lot! any plans on adding LYTX to one-click masternode setups? -- trying to setup a new node as well but always get in trouble with my limited linux skills what should I do to remove old version of lytx from a server? when I do a lytx-cli getinfo it returns me version 1070300 thank you so much! I'll add it to the roadmap. I would like to make it as easy as possible for folks to install maxnodes and masternodes. We are also now an official Non-Profit organization. I'm in the process of requesting the corporate account from Bittrex which is a step in getting us listed with them. |
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ended up in a fork, updated client and deleted all blocks, resyncing now.
everything seems fine besides my staking
seems like staking doesn't turn on on the new version.
any idea why?
https://github.com/LytixChain/lytix/releases/tag/v2.0.1upgrade to that - I have disabled maxsync for staking. If you stake you will need that patched release. You don't need it for masternodes or maxnodes. |
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I wanted to say thank you for everyone that has been with us from the beginning and those that have joined us along the way. We’re now in the Maxnodes era. It’s been a long journey and we still have a long way to go. Today truly is a great day with many more good days to follow.
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Upgrade to 2.0.0 people - I'm ready to shut the door on 1.7.x. It may happen before Saturday
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Upgrade by Saturday, because we'll be sending a farewell to 1.7.x
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I'm probably going to release v2.0 next week. Maxnodes will be live by Friday. I have some clean up to do to get it ready and push binarires out.
API work is still ongoing. I will push out another release when that is complete and the only folks that need to upgrade will be maxnode owners and folks that want to use the API in the client
it will also have the changes in that you all have voted for and have passed
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awesome! any bigger exchanges on the plans? bittrex Is this a rumor or is there real information behind this statement? I think if this news about bittrex is true, i can buy a little. But so far no real mention of this has been seen. No, it';s not rumor. It is a business goal of ours. I wanted to get maxnodes completed and launched and then focus on the business parts required for a bittrex listing. The requirements are a bit steep, but doable. Once I get the LLC filed, I'll need to get legal memos in the US and in Malta certifying we're not a security. Only thing holding me back is just money to get it done. Once I get the LLC filed then I'll get the process started for the commercial account and then move on to listing. I'd expect this will take 3-6 weeks, but I am not sure. |
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i got some weird messages from the mod saying I was trying to bump this or posting multiple times - anyway. So, I'll do my best to keep you all informed, but most of my posts here were deleted by a mod. If you need better info then join us on discord or telegram. I'll refrain from using this forum in the future.
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You'll find a proposal sitting in the proposals tab in your wallet ready for voting. It is concerning the changes to rewards, block time and the percentages. It is what is described above and is called "maxnode_changes." If you are a masternode owner please vote. Thanks!
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awesome! any bigger exchanges on the plans? bittrex |
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Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.
awesome news! any estimated date for maxnodes launch? really looking forward! There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well. thank you so much for the updates and for working so hard! I wish allcrypto projects did so well as Lytix on communication! thanks, I get complaints that I am not doing enough in that space. I do update on twitter as well with the latest advancements on maxnodes, but some folks would prefer I take selfies and stuff. I think development is a better use of my time and yours 
just some fyi on where I am in this process of getting maxnodes going:
1. Main coding for maxnodes - complete
2. GUI work for maxnodes - complete
3. Test activation and proper working of maxnodes - complete
4. API work on maxnodes for data API - we are here
5. Test chain and determine if a side chain is appropriate
6. Research encrypting data insertions by default
7. Testing new client for encryption
8. Spork enforcement of maxnodes to cut over on a certain block/date
9. Test spork
10. Release client and maxnodes
Document and market
The real heavy lifting is done. We're debating how all the rewards are going to work out now with masternodes, maxnodes, and stakers on Discord. I'd love for you to join us there in the #rewards_n_stuff channel: https://discord.gg/BDDgUqG
Medium article covering our initial intentions on the maxnode system: https://medium.com/@faetoslytix/lytix-maxnode-ecosystem-5dfea7589b55?source=friends_link&sk=5d3aabd50e1888338814f381bd19b6aa
Testnet is open and if you want to play with maxnodes and help us hunt bugs please join us. Latest test release is here: https://github.com/LytixChain/lytix/releases/tag/v2.0 … If you find some bugs please post them in our #bugs channel . Thank you for helping out.
We are now on altmarkets.io! https://altmarkets.io/trading/lytxbtchttps://altmarkets.io/trading/lytxdoge |
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Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.
Please report how the mix of stakers+ masternodes works. so far the community has decided to set the rewards mix as the following: Common reward = 30 LYTX 70% Masternodes = 21 LYTX 25% Stakers = 5.5 LYTX 5% Dev fund = 1.5 LYTX Maxnodes will be on their own payment schedule and as yet to be determined per level. It may be 1-5x the common reward, but we're debating that as well to not run out of coins in a very short time. We're also debating reducing the reward as well. The discussion on discord is good, so please join us there for more in depth discussion.
Maxnodes verified to be on a different payment mechanism is working. We will have a mix of stakers + masternodes splitting rewards and maxnodes on their own super track. Maybe now a good time to grab some Lytix. Too bad less than 120,000 are available to sell on Crex24. Ya'll are going to miss out.
awesome news! any estimated date for maxnodes launch? really looking forward! There is no hard date set yet, because I am still working on making sure that masternodes, stakers and maxnodes all get paid with every block. I also have to work on the API for data insertion and retrieval as well as encrypting that data. I really see this coming together hopefully by the end of next month if all goes well. |
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