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41  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 30, 2020, 01:08:24 AM
I have an idea if you create a hard fork and bind one node to only one address, and then during mining, those who have thousands of nodes will simply not be profitable to keep such a number of addresses, since most of them will be in the same conditions as others miners, since most of them will simply work idle. after all, in fact, then only 4,536 nodes per day will have a chance to find a block and all miners will be in the same state. since even if there are one hundred thousand nodes, the chance for each of them will be 1 out of 4536 per day and will depend on the power of the equipment and the hash rate for multi-core mining. and then even if a pool is created, it will simply not be possible and not profitable to register such a number of addresses for one miner.

one node is only bin to one address, which is currently technically infeasible.
one node is only bind to one address, which will increase the management cost of large miners by a small amount, but it does not cause essential obstacles, which may cause medium-sized miners to leave the network.
42  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 30, 2020, 12:47:26 AM
Hello everyone, Linux multi-core mining wallet has been put on https://lucknet.club/wallets-3/linux (md5sum: b874bf5fbad59e864ca156a4e4c5ca9a)
you should enter miner.start(<NUM>) in the command line terminal to start multi-core mining, where <NUM > indicates the number of threads you want to use.

Interested miners can download from the link above. If you have any questions, please feedback in time, thank you.

404 not found

sorry, some write error, http://lucknet.club/wallets-3/luck
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 29, 2020, 03:23:23 PM
Hello everyone, Linux multi-core mining wallet has been put on http://lucknet.club/wallets-3/luck (md5sum: b874bf5fbad59e864ca156a4e4c5ca9a)
you should enter miner.start(<NUM>) in the command line terminal to start multi-core mining, where <NUM > indicates the number of threads you want to use.

Interested miners can download from the link above. If you have any questions, please feedback in time, thank you.
44  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 28, 2020, 09:31:53 AM
Hello everyone, 1% of luck's pre-mining has been burned 248805, and there are still 49,999 lucks left for seeds and bounty. good luck to luck and everyone. Cheesy
45  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 27, 2020, 02:31:22 AM
Sherlock please check mail I want to move seed nodes provided by me on other server. Send You details in mail. Cheers

I have already replied to your email, before your servers expires, we will change it.
please don't change the seeds if it is not necessary in the future, thank you.
46  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 27, 2020, 02:25:11 AM

The purpose of this coin is anti-mining pools and to achieve that we need more nodes to join the network, and to for that you need to create more awareness of this project maybe by signature campaign but destroying those coins will not achieve anything.

And why there was no voting on this?

We made the decision after comprehensive analyzing some feedbacks from emails and forum. I think for a year of bounty, 23,000 luck should be enough, otherwise it would be unfair to miners.
47  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 26, 2020, 06:10:52 AM
Hello everyone, after our careful analysis of your opinions and careful thinking, we finally decided to keep the 50000 premine, and the rest will be burned after 2 days.
The remaining premine will be used for:
26400 - Reward for two-year seed servers: 1100 * 12 * 2 = 26400
23600 - used for community incentives for the past year

In addition, our recent development plan is as follows:
1 android decentralized wallet - the development of basic functions has been completed, and it can be released after the test is completed.
2 Enable multi-core mining - in the early days, we suggest the miner to open multi-instance mining on multi-core machines, which brought complexity to the operation of miners. In response to the urgent request of the majority of miners, multi-core mining on multi-core machines will be supported, this feature is currently being scheduled.
48  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 23, 2020, 09:00:34 AM
feel free to join our discord and make your proposal public there for what the community thinks about it
if you arent already there lol

why do we need make a proposal public there? dev is not on discord server, he mostly active on this threads, why dont i suggest him to have the bounty and how to use the premine on this threads?
its would help the threads getting bump and get more miners jump on this coin to, if are dev already on discord knock me, im leave discord server  right after i know that the dev is not there.

We will handle premine very carefully. We will not do anything until there is a concrete feasible plan.
49  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 23, 2020, 08:55:52 AM
An immature idea, if the upper limit of the luck value is introduced, for example, if the luck value exceeds a certain value, blocks are not allowed to be produced by that miner, can it limit the unlimited expansion of large miners?

No, every independent machine with the same power has the same probability, this is the fairest.
In fact, introducing an upper limit on the value of luck can't stop large miners.
50  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 22, 2020, 05:34:39 AM
Recently, many partners have questions about premine (total 300,000).
I sorted out all the premine used in the previous period
date              to                                                                                             amount           purpose
2020/07/24   0xaa57e29dd99480c6b155b8734b78de1910a9e402b6eabd81c7    5                Create and maintain discord - https://discord.gg/TN6XhcD
2020/07/26   0xb9a09471b96583f967f3cd314a5c74a6c2bf08f94fb8b27001    20               Article
2020/08/03   0xb9a09471b96583f967f3cd314a5c74a6c2bf08f94fb8b27001    10               Article
2020/08/15   0x60c8470525754e247d449a785cf79f7855d5222e7703ef4d22    200              Provide 2 seeds
2020/08/15   0x01d94b0dd928233986579e8634a1c6031bf704c46a4a297ac2    100              Provide 1 seeds
2020/08/16   0xeab4d47a75beaac9bf64ab3b1800bf6af3b4f0fba30e219382    600              Provide 6 seeds
2020/08/16   0xaa57e29dd99480c6b155b8734b78de1910a9e402b6eabd81c7    200+60           Provide 2 seeds + create site - http://luckclock.xyz/

Current balance: 298,804

Seed node rewards to be paid for 1 year 1100 * 12 = 13200

How to use the remaining 298804-13200 = 285604, I want to hear your opinions, thank you
1 Direct destruction: The remaining tokens are directly transferred to 0x000000... address, this is the simplest and fairest way.
2 The community establishes reward rules, and the incentives who meet the conditions are certified by the community, then we are responsible for the distribution of incentives.
51  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 22, 2020, 04:32:52 AM
I see your point of view: the nodes.

Here is mine: the coins.

Maybe you fixed the node problem pools have, but you have a new problem - all the coins goes now to a single owner, instead of multiple owners. This is why I've said is worst than traditional PoW, instead of a pool getting 50% of mined coins (which will be spread among all individual miners) now we have 1 miner getting 50% of the coins, but we are pool free.

And not to be negligible, with this approach the scenario can go like this: Let's say I mine solo (because there are no pools involved) but since is not profitable for me because 1 single miner gets 50% of all block, I leave. So will do all the small miners, if is not profitable anymore and this will lead him to mine more and more blocks until probably he will mine 100% of the blocks.

Now tell me, where is the decentralization?

The reason why someone may deploy 50% of the nodes now is because currently not many people have participated in this project. If enough people come in to participate in fair competition, decentralization is inevitable. Maybe there are hundreds of large miners, and they all deploy a large number of machines, according to the daily output, they may get the same amount of coins. But there are only a few large-scale mining pools in Bitcoin network.
52  Bitcoin / Development & Technical Discussion / Re: How to eliminate Large mining pools on: August 22, 2020, 03:08:51 AM
Quote
I again see that we have a massive miner 0xa1b586 is making 5 blocks at 10 mined ratio can You please decrease a little number of nodes, please ?
It also may be some mining pool. For example when many people are mining to the same address, it will be no difference between one miner owning 1000 CPU's and 1000 miners mining to the pool's address. And since Ethereum has an account-based system, all inputs to the same addresses are automatically merged, so they have less size. Also, it is very convenient to do this merging at a coinbase level, because it has less bytes than a normal transaction and is also cheaper, because there is no risk of getting transaction fees by someone else.

Quote
My suggestion is not to beg the miner to reduce the number of nodes/miners, but for the dev to find a solution to this issue, since the whole purpose of this coins is now doomed.
But there is no solution to this problem. For example everyone can start mining to the same address, what then? Banning some address is not a solution, since it will be against freedom. People start trying making pools the simplest possible way, just when anyone can notice it. If they will be punished, the situation will be the same, just people will try making pools in a different ways.

Also, what if there is some hidden sidechain under the hood? And what if mining to this address is necessary to get access to some coins on this sidechain?

There is no need to stop big miners, his gains are in full proportion to his efforts.
There are still many essential differences between mining pools and large miners.
For example, in traditional POW, there are 10 nodes in the entire network, the 5 are solo, and the other 5 are alliances, then the chance of the alliance winner is not 5/10, but 27/32, which is much greater than 5/10 , this is the key to unfairness.
In our network, your chance of winning is always equal to the proportion of your contribution to the entire network.
In addition, since there is no profit advantage in cooperation, there will be no mining pools. In the end, there will be more large miners without alliance and some free small miners, and the system will be more decentralized, and thus more safety

some hidden sidechain under the hood? there is no way to stop selfish mining, only by building a more reliable network to increase their attack costs
53  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 22, 2020, 03:01:07 AM
I again see that we have a massive miner 0xa1b586 is making 5 blocks at 10 mined ratio can You please decrease a little number of nodes, please ?

I saw this today in Discord that a single address is mining 50% of all blocks, confirmed also by a support member of Luck coin.

What you should do?
My suggestion is not to beg the miner to reduce the number of nodes/miners, but for the dev to find a solution to this issue, since the whole purpose of this coins is now doomed.

"A new consensus algorithm to eliminate large mining pools" - the consensus may be eliminated for the large pools but not for the large miners.

"one-CPU-one-vote" vision - if someone is mining with 1000 CPUs over a 2000 nodes (CPUS) network, this consensus is not better than the clasic POW one, is even worst.

My 2 cents!

There is no need to stop big miners, his gains are in full proportion to his efforts.
There are still many essential differences between mining pools and large miners.
For example, in traditional POW, there are 10 nodes in the entire network, the 5 are solo, and the other 5 are alliances, then the chance of the alliance winner is not 5/10, but 27/32, which is much greater than 5/10 , this is the key to unfairness.
In our network, your chance of winning is always equal to the proportion of your contribution to the entire network.
In addition, since there is no profit advantage in cooperation, there will be no mining pools. In the end, there will be more large miners without alliance and some free small miners, and the system will be more decentralized, and thus more safety
54  Bitcoin / Development & Technical Discussion / Re: How to eliminate Large mining pools on: August 21, 2020, 04:02:35 AM
That's a great effort you put there, but I have to sadly inform you that this isn't going to work IMO at least.

You are trying to solve an economical issue rather than a technical issue, this whole "one-cpu-one-vote" is highly misunderstood and I am having a very hard time believing that Satoshi didn't see large pools coming, according to Satoshi:

Quote
Only people trying to create new coins would need to run
network nodes.  At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware
https://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

Everything that has to do "money" will always end up in the hands of a few players, this is just how the universe works, bitcoin mining has even a worse issue where the less profitable it becomes to mine -  the less "decentralized" it gets, and as block rewards keep going down, it only gets worse.

Mining is pretty fair the way it is now, it doesn't favor anybody and nobody has any patented/exclusive methods that give them any advantages over other miners.

Another thing that many people seem to be missing is that running your own node is freaking difficult and cost a lot of money despite of the small block size, let alone having to run a dozen of them.

Forcing miners to run their own nodes will only lead to fewer miners (as people) and eventually, mining will not only be "pool" centralized, the hashpower itself will be centralized, that is an issue that we currently don't have and it would be best not to create.

I don't want to hijack this thread with my own "proposal" to solve this economical problem, but as the old saying goes "if you can't beat them, join them", and to do that, we should push for a "community mining pool" that is competitive enough as a way of protection against large pools.

Facts:

1- The majority of individual miners want to make the most money most simply and cheaply. (current plug-n-play system works perfectly)
2- The majority of individual miners DON'T want luck to be in their way and they want steady and stable payouts. (PPS pools do the job perfectly)

You take that away from them, and they will be gone.

There is, however, a large portion of miners who would be willing to shift their hashrate to a "trusted" pool in order to give it more power to compete against all other "untrusted" pools given that the "trusted" pool works exactly as the other pools, the majority of them are NOT willing to set up their own node/s and go through all the trouble, a good percentage of them don't know how to do it in the first place, but you know who has the money, skills and skin to do all that? large cooperations and farms, so your proposal might just be a great push towards more centralization.




Sorry to see your comments so late.
First of all, we have not done any form of IXO, and we do not plan to do IXO in the future. We just conducted a social experiment of a new mining method.

Our project has been online for nearly a month. According to our estimations, there are already nearly thousand of nodes in independent mining now. There have been hundreds of nodes in joint mining, and independent nodes can still get normally and proportionally every day, which is impossible under the traditional POW mechanism.

Next, I will respond to your comments as follows:
1 "one-cpu-one-vote" is indeed the vision that Satoshi Nakamoto first proposed, and the mining pools have already appeared before Nakamoto left. Obviously the mining pools violated "one-cpu-one-vote".
2 Joining a mining pool is not the true intention of most miners. In fact, it is just a choice that miners are forced to make under the monopoly of power. Miners joining the mining pool may not be able to simply obtain stable income. Under the condition of mining by luck, it may not be impossible to obtain stable income simply.
3 Decentralization is not an end, it is just a way to obtain network security. more independent nodes = more decentralized = more network security.
55  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 19, 2020, 01:21:45 PM
well i saw there is premine about 300k luck, when the coin will be planned to use or will we have any bounty to promote the coin on this forum, because i dont think that people know enough about this coin, signature campaign is the best for now to spread about the luck coin to bitcointalk community like how idena coin did, i hope there is planned bounty in short time, ive seen the premine only has been used about 600 luck for the guys who contribute seeds.

I am very sorry for the trouble to everyone, we will public all the sends related to premine. How to use premine in the future, we will also seek your opinions.
56  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 17, 2020, 09:33:47 AM
Sherlock, any chance to release the complete code with these news seeds, so we can build from source, i know several of us arent a big fan of running binaries...

Don't trust, verify!  Remember?

Thanks alot!

We have fully released all the codes. If you are familiar with Ethereum, you should know how to compile it.
In addition, we have updated new wallets on the official website , added the new seeds. This update is not mandatory, and users can freely choose whether to update.
57  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 16, 2020, 02:43:58 AM
Hello everyone
We are still looking for seed node providers. As the number of nodes increases, according to our estimation, we need to start 6-8 seed nodes in the near future. The configuration of the seed node server is as follows:
CPU: 2 core or more.
RAM: 4GB or more.
HardDisk: 100GB
Other: Public IP, open port 30009.

For users who provide seed nodes, we will give each node a continuous reward of 100luck/month.
Users who provide seed nodes can email us individually with the server's IP and login permissions, we will have professional engineers to deploy it.  Thank you.

For all,
Thank you very much for your warm help, we have received enough seeds, these seeds will be put in the next version.
58  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 14, 2020, 11:35:48 AM
Hello everyone
We are still looking for seed node providers. As the number of nodes increases, according to our estimation, we need to start 6-8 seed nodes in the near future. The configuration of the seed node server is as follows:
CPU: 2 core or more.
RAM: 4GB or more.
HardDisk: 100GB
Other: Public IP, open port 30009.

For users who provide seed nodes, we will give each node a continuous reward of 100luck/month.
Users who provide seed nodes can email us individually with the server's IP and login permissions, we will have professional engineers to deploy it.  Thank you.
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools on: August 14, 2020, 11:16:16 AM
Is it posible to ellaborate mining in windows with several instances?

In the windows wallet, you will find a directory "luck", which contains file "luck.exe" with a size of 50M. You can use the command line terminal to start it. The operation method is the same as in the linux system. You only need to use  different ports --port and different data directories --datadir to start multiple instances.
60  Bitcoin / Development & Technical Discussion / Re: How to eliminate Large mining pools on: August 13, 2020, 03:09:15 PM
According to game theory, vested interests will strive to maintain the security of the network, whether it is a mining pool or a small miner, so the security of the two is equivalent.
Let's take this to the logical conclusion. Communism.

No mining rewards at all. Purely deflationary currency. Transaction fees go to nobody. Hodlers are incentivized to mine blocks of transactions because it increases the scarcity value of their own hodlings.

However, there's a tragedy of the commons because your hodlings go up in scarcity whether you mine or not. There's nothing new under the sun. Perhaps this can be solved by purging any account that doesn't contribute enough signed mining shares.

We are not trying to build communism. We just continued the design of Satoshi Nakamoto's competitive consensus, and we tried our best to make the mining process fairer in order to realize the concept of "one-CPU-one-vote" proposed by Nakamoto.
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