How cool the legendary @ocminer commented on @LanaCoin 
LanaCoin will be sha256d as the first 22 blocks have been mined right now  a few minutes ago on the test mainnet.
Current coin specs are block time : 2.5/5 min and coinbase maturity was lowered.

Me and my satoshi Kris have just compiled Qts for linux and win. Code will be on Git in about 9-10h once network is tested for speed and reliability.
Still hoping @ocminer will spare a port for LanaCoin

For first hand tweets https://twitter.com/LanaCoin

Hi xaxuke thank you very much for your effords on solving the astro diff block but dont waste your THs. Relaunch decision is final and source will be back online once there is a fully funcional PoS network and for that at least 100 blocks from PoW are needed.

Have a great day!

Hi craslovell there was no limit on diff adj. Limiting it has is pros and cons and it will almost for shure not be set in the relaunch code.
No worries about missing the  initial launch as its was a failed one so relaunch is a 100% thing now as seed nodes are down and source is removed from Git.

Once everything is set as described in my previous post source will be republished. Blockexplorer will be the first to be notifed once the code is back on Git.

To get first hand info when the code is back follow the repo on Git or monitor LanaCoin on twitter https://twitter.com/LanaCoin.

Thank you.

Dear BCT community

Please shut down you miners, shutdown and remove you wallets (cleanup/delete data folders  in case you dont know where they are https://en.bitcoin.it/wiki/Data_directory and look for lanacoin ).

LanaCoin will be relaunched/rereleased in a couple of days. Wallets have been unpublished, source code is removed from Git and will be back on GitHub soon.


It was a tough call to make but my decision is final! Llaunch was a complete fail in my book and i have only myself to blame as i didt follow my initial plan.

The initial  plan was to premine 100 blocks  to reach maturity of coins to  the point where proof of stake kicks in along with proof of work and to protect the network from the type of events that occured.

If the network would have been online for 1-2 weeks or more my decision would be different but since its 2 days and 7 hours i am pulling the plug and releasing the coin they way it was initially planned.

Thoose 100 premined blocks therefore apox 1.0000.000 LANA or 0,0221877080097626 % of the total supply  where ment for Lana as a gift but i didnt want all the "premine" negativity and therefore decided to launch it 100% open for everyone.

The new launch will be exactly as written above. 100 blocks will be premined to reach the maturity of coins that will alll be distributed to the seed stake nodes and to Lanas birthday gift wallet.

A fully functional PoW/PoS network will enshure that the network will be synched and up to date ragardless of the state of PoW blocks.

Lana will decide how many of the premined coins will be given away for possible bounties, ANN translations, faucet top ups .....

Thank you again for your time support and patience and if there was a rational/economical  way to get the newtwork back on track i would take it.

Please comment bellow how you feel about this decision.

Thank you.

Hi mobicont tnx for reaching out.  Technically speaking you did nothing wrong,essentially you took over the network in first hour after coin launch.

Essntially i have no one to blame but myself as i wanted a fair open start for all-

No worries you couldnt have know the effects specially if you are just getting to know cryptocurrencies. I am guessing you rented a huge ammount of sha256mining rigs for a short period of time and pointed the asics to your workers at Ypool.

Here is what happend after your miners stopped or lease expired. You essentially rented waaaaay too much sha256 mining power to behin with and mining difficulty went skyhigh as a result as mining difficulty is recalculated after every block.

As soon as your miners stopped the total hashing power on the network droped to only a portion of what you rented/pointed to on of the mining pool. Therefore making it almost impossible to solve the next block with the leftover hashrate.

No worries i will call this a failed launch and since it was only 32 hours since launch a reboot is in order.

I hope the community didnt experince any significant loss of funds as a result and that you all recconect upon relaunch.

Stand by for detaills.

Best regards to all.

Well here are some facts. Network is stuck at block 12 with out of this world difficulty 774 M.

Last 5 block where mined at http://ypool.ga/lana/index.php?page=statistics&action=pool while the whale miners that brought the massive sha256 power to the pool are not mining anymore.

I have pointed all the Hw i posses to the pool in hopes of getting LanaCoin backontrack. I am done speculating if this happened by pure coinsidence or was it intentional to destroy what was essentially a perfectly viable cryptocoin
with a tribute note to honour my daughters birthday.

I have just messaged Ypool admin @nikl and asked to provide some insights as i am shure he has some as there where only two workers/miners mining on the pool at the time last 5 blocks where mined and i dont know of any pool operator that dont own some gear to begin with.

If i knew that it would come to this i would never consider having a fair and open launched and would be better of with a 10% premine IPO (essentially the last thing on my mind).

I will leave the network up for reccuring 48hours after that i am pulling the plug and putting LanaCoin back to the dev board for a remake and a relaucnch as i am not gonna drop the whole thing just because of this crap.

If the hashrate pump and dump was indeed deliberate rest ashure my daughter Lana thinks no less of me or considers her unconventional gift a failure in fact she said "dont worry you will get it wright, tommorow is a new day and i will be 10 yearls old entire year so you have time".

I want to thank you all that got envolved in any way with this i just came here to tell you LanaCoin is here to stay but just in case i will be calling it a failed coin in 48 hours you can bed on one thing sha256d will not be the algo when its released.

Best regards to all

PS: Dear mobicoint and reset from Ypool if you are reading this thanks a lot for the hit and run hope you feel like a million bitcoins.

Hi QuartX

Of course it does , diff retarget is on every block.

It got stuck at 6.2 M diff most likely because someone intentionally brough massive THs of power and after block was found , diff readjusted and then left and left other miners do deal with the new diff.

Rest ashure we will get past this and move on.

Best regards

Thank you

Hi the number represent the hashrates from last two blocks found. Current hashrate at @mineblocks is 1Ths , XaX pool 2.2Ths.

Right now diff is astronomical as some joker desided to pump the power and drop the miners after block was found so the diff got stuck at the current diff.

Hopefully we can get to the next block soon. Feel free to return when things stabilize. I can safelly save its was not a smooth launch.

Someone seems to have a personal grudge or something so he/she/they decided to pull this hashrate pump and dump to put the network to a stall.

But rest ashure at some point we will get to duo sha256 and once stake network comes online things will be work is they should.

Thats what i get for choosing to go with sha256

Bust it still is just a launch day hickup.

Best regard

Hi tiamatt please check https://bitcointalk.org/index.php?topic=1448065.msg14780230#msg14780230 ! Are you solo mining or to a pool.

Tnx.

168,64 TH/s at the time of writing. This info is the exact oposite of what i anticipated. I guess some miners belive there is a future for this ledger.

To the hit and run miner that spiked the difficulty for everyone else a special thank you. This just proofs one thing that that are heartless dicks on this planet of ours that enjoy messing up a unique birthday present.

Satoshi is very proud of you. I will hold back on saying to the exact words that come to mind as i am better then that.

Thank you all for your efforts. Seeing people from all over the world get involved with a tiny little project like this make me belive that someday we will change the world for the better.

Amasing view of the network map: https://chainz.cryptoid.info/lana/#!network

Appologies if i dont respond to all future comments today in an express timeframe but i do have to attent to Lanas birthday picnic.

May the blockchain be with you!

@lucky80 your wallet shoud be synched now since block 7 https://chainz.cryptoid.info/lana/block.dws?7.htm

Miner on http://mineblocks.no-ip.org:2627/pool/LANA/workers
 

Seednodes are up:

node1.lanacoin.com
node2.lanacoin.com
node3.lanacoin.com
node5.lanacoin.com

Wallet wont sync because there is some much hashrate alredy that difficulty went to the roof as soon as the next block is mined wallet will sync.

Good morning from my end everyone

Smooth launch. Genesis block was right on time! I see some heavy competition alreedy. Difficulty at block 6 already at 121.2 k.

Currenty network hashrate: 37 THs (insane for first hour since launch).

OP updated pool added!

Dear bitkokos

"1. Happy birthday to your daughter" works for me appreciated
2. Hope to see you at least as a stake node and i dont desire too much hashpower from miners, just onough for rough decentralization of the network, stake on the other hand is for every modern computer and can contribute to security and earn some stake blocks by chance.
3.Word Lana in Greek i can only reference the translation from Bask to Greek and it means WORK "εργασία" and since my daughter is a taurus work is in her nature so i have hopes for her ledger.

Its very late and i am just back from our annual Slovenia Bitcoin association meetup, where a first female president was elected plus coin launch is in a few hours so its time for some rest.

Best of everything to all.

Here si my two cents. Banks see potencial in the blockchain for the two main reasons.

- fast , transparent and cheap asset transfers
- the fact that as long as there are two nodes alive that store a full copy of the "internal bank" blockchain you have no fear of loosing the ledger

I think banks have big fear of someone wipeing their data and backups as essentially the bank doesnt exist anymore if they loose their accounting book.

So i dont waste more words just watch video Andreas in the Five stage of grief video :  https://www.youtube.com/watch?v=43Ucj6_Erb0  at 10:30 he essentially talks about something related to what i wrote.

And a great weekend to everyone.

Setting up a mining pool on Pi2 or setting up for example BGFminer on Pi2 to miner with for example  Antimner U3 via USB.

I dont know anyone that is running a mining pool on a Pi.  Bitcoin/Altcoin nodes yes but pool with i dont think so. To setup a mining pool get a proper server , plan your pool operation, it would also help if you wrote how many miners you want to have connecting or you just want a pool for yourself, if its a solo case than you dont need a pool and jest setup solo mining.

But do not that there is a tinny chance you will solve a block on your own in maybe 2000 years

Have fun!