[ANN] • [LC] • Lutetium Coin • POS/Premined share Pool • energy free cloudmining

[jovan85]

Want ask for this:

Share packages will be added to your account on the mining pool.
There are 4 different sizes of the packages:

Small: 10 shares - 0.03 BTC
Normal: 25 shares - 0.0725 BTC
Large:  50 shares - 0.145 BTC
Big: 80 shares - 0.225 BTC


Which size of share Newbie or Member can get?
I mean how you will give that share?

Thanks

[zdeni82]

Want ask for this:

Share packages will be added to your account on the mining pool.
There are 4 different sizes of the packages:

Small: 10 shares - 0.03 BTC
Normal: 25 shares - 0.0725 BTC
Large:  50 shares - 0.145 BTC
Big: 80 shares - 0.225 BTC


Which size of share Newbie or Member can get?
I mean how you will give that share?

Thanks

You have to buy shares

[casper77]

You have to buy shares

only when wallet & exchange will be

[zdeni82]

You have to buy shares

only when wallet & exchange will be

that is correct 

[No coNnecT]

Already ten days have passed as I was accepted, I still have 0 balance on the pool. Dev you forgot to plug me in the pool?

[bglshimo]

Is this dev waiting for a coin wallet for long long time? I didn't join in this coin yet. What do you suggest me? Will this dev release coin in the near future?

[sesiah]

Is this dev waiting for a coin wallet for long long time? I didn't join in this coin yet. What do you suggest me? Will this dev release coin in the near future?

Of course, only technicality is delaying the realise. But am certain it will out.

[Kisleav]

Hello guys,

we want to introduce the share package feature.

See the price of the packages here (also visible on the ANN):


Q.6: What are share packages and how to obtain them?
Share packages will be added to your account on the mining pool.
There are 4 different sizes of the packages:

Small: 10 shares - 0.03 BTC
Normal: 25 shares - 0.0725 BTC
Large:  50 shares - 0.145 BTC
Big: 80 shares - 0.225 BTC[

Payout run finished - May 22, 2016 - May 23, 2016, 04:59:33 PM

Please tell us your thoughts about the new layout of the ANN. Is it better organized or is anything unclear? Should we move the share list of signature campaign to somewhere else? Because the list is takeing a lot of space and is makeing the ANN very long.

when lutetium will be on exchangers???

When the wallets are out.

[sunce33]

Dev why you not update my logo for contest?

Thanks

[menace.bit]

Lutetium, It is better if you give an update about the wallet. You've mentioned several times already that it is coming, but until now, there is none.

Also a Roadmap will also be good to know what the direction of the project is. That way, maybe a lot more will have confidence in investing the share packages.

Please tell us your thoughts about the new layout of the ANN. Is it better organized or is anything unclear? Should we move the share list of signature campaign to somewhere else? Because the list is takeing a lot of space and is makeing the ANN very long.

If its taking too much space, then better start a new thread for the bounties & campaign (including the logo contest). Then put the link in the OP to that new thread.

[sunce33]

When wallet be ready?

[coinsocieties]

Can't wait long to see the wallet for this coin. Too much time to release the wallet. However, take enough time to have a flawless launch.

[davide72]

Can't wait long to see the wallet for this coin. Too much time to release the wallet. However, take enough time to have a flawless launch.

i think should be ready soon , after two month thread!

[bglshimo]

This is basically an ICO

It isn't an ICO.
Instead of passing all coins out on an airdrop we want to generate the feeling of mining.
This is also good for a small continous generation/free coins not held by the master wallet.

You don't have to buy shares, you can also promote LC with a forum signature (we will update this later), setting up a blockexplorer/node or other services.

This is a coin for the community and we think this a new way to "farm" coins without bunring energy. This will also help vs 51% attacks on POW coins because it is 100% POS with POW from premined coins which will all be distributed.

If the community dislikes this way of coin distrubution we could also change from 100% Premine to 10% Premine with mentioned distrubution and 90% PoW, we also thought about that way but in this case again much energy would be burned. Consider farming scrypt on 1GH/S, you have to pay continous energy costs (except you are lucky and don't have to pay for energy). With cloudmining you only need to aquire some shares for receiving continous payouts depending on how many shares there are in total (we are not sure about maximum share count yet) for one year.

I don't think any other point to change the distribution model. However work on to give something innovative to the community. The coin gets its deserved value in time.

[Isolani159]

This is basically an ICO

It isn't an ICO.
Instead of passing all coins out on an airdrop we want to generate the feeling of mining.
This is also good for a small continous generation/free coins not held by the master wallet.

You don't have to buy shares, you can also promote LC with a forum signature (we will update this later), setting up a blockexplorer/node or other services.

This is a coin for the community and we think this a new way to "farm" coins without bunring energy. This will also help vs 51% attacks on POW coins because it is 100% POS with POW from premined coins which will all be distributed.

If the community dislikes this way of coin distrubution we could also change from 100% Premine to 10% Premine with mentioned distrubution and 90% PoW, we also thought about that way but in this case again much energy would be burned. Consider farming scrypt on 1GH/S, you have to pay continous energy costs (except you are lucky and don't have to pay for energy). With cloudmining you only need to aquire some shares for receiving continous payouts depending on how many shares there are in total (we are not sure about maximum share count yet) for one year.

I don't think any other point to change the distribution model. However work on to give something innovative to the community. The coin gets its deserved value in time.

It's not like an ICO, It's like an airdrop for longterm!

[Kisleav]

Hoping things are moving on well as planed,
Am committed here, not any where for a while
Am here to stay, and not to leave soon

[casper77]

don't hope on the appearance of a wallet
this project looks like fable for kids
someone got bored and decided to have fun
on the other, i can not explain this delay of wallet release

[davide72]

don't hope on the appearance of a wallet
this project looks like fable for kids
someone got bored and decided to have fun
on the other, i can not explain this delay of wallet release

agree two month delay it is quite alot! this thread just starded on 25 th March....

[Kisleav]

don't hope on the appearance of a wallet
this project looks like fable for kids
someone got bored and decided to have fun
on the other, i can not explain this delay of wallet release

agree two month delay it is quite alot! this thread just starded on 25 th March....

I don't find a positive significant relationship between starting of the thread and release of the wallet,
The dev explained why their was a delay, just hold on
I think the dev is under pressure now and just can't explain
Am not a loyalist, am only realistic.

[Lutetium]

Dev why you not update my logo for contest?

Thanks

We havent have had much time the last few days due to very much work on "real life job".
We have added your logos,sry for the delay and thank you for your submission

Lutetium, It is better if you give an update about the wallet. You've mentioned several times already that it is coming, but until now, there is none.

Also a Roadmap will also be good to know what the direction of the project is. That way, maybe a lot more will have confidence in investing the share packages.

Please tell us your thoughts about the new layout of the ANN. Is it better organized or is anything unclear? Should we move the share list of signature campaign to somewhere else? Because the list is takeing a lot of space and is makeing the ANN very long.

If its taking too much space, then better start a new thread for the bounties & campaign (including the logo contest). Then put the link in the OP to that new thread.

Thank you for your feedback.
So here is the updated information about the wallet:
Our new coindev didn't message us back. He has set up a node for us but we haven't been able to connect to his node.
We have asked him, if he could recreate the blockchain and genesis block for us on the pool/node which will always be reachable under www.lutetium.pw. But sadly he wasn't online since we asked him. I (pool guy, working as an it-specialist) am currently trying to recreate the blockchain. I have been able to do this on the testnet but not on the real blockchain, the wallet is getting some errors.

tinyGood news: I have been able to compile the linux (non gui (no graphical user interface)) wallet from the source and i have fixed some "problems" on the source code. There will still be the bounty for linux wallet with gui, we want to include the community on the whole coincreation/community creation process.
The wallets and 3 nodes i setup was connecting, sadly without blockchain synchronisation. As far as i can say the non gui wallet for linux and the precompiled Windows wallet from coindev is working very smooth without and disconnects/problem so far.


Progress on the website on www.lutetium.pw:
The website is finished to 80% and will be life on the weekend or on monday the comeing week.
The only thing not implemented yet is the buying feature for shares. If we can't finish it until Monday (30 May) we will release the website without implemented shop. We think it is better to have a working homepage without a shop than a delay because of a shop implementation.




We have also a new bounty:
- Block explorer - 20 Shares on the mining pool.
- The shares will be available/life as long as the blockexplorer is running.

General Question about social media:
- As we said before, we want to have the community to be a part of the development. Do you think we should have a bounty for creation of social media accounts like facebook/reddit or should we keep it for ourselfes?
- We will have a twitter account on the weekend where we will post updates and general announcements like on the bitcointalk forum. In addition we will always add the updates to the homepage.

don't hope on the appearance of a wallet
this project looks like fable for kids
someone got bored and decided to have fun
on the other, i can not explain this delay of wallet release

agree two month delay it is quite alot! this thread just starded on 25 th March....

I don't find a positive significant relationship between starting of the thread and release of the wallet,
The dev explained why their was a delay, just hold on
I think the dev is under pressure now and just can't explain
Am not a loyalist, am only realistic.

Thank you for this
I am trying my best.
We understand that such a long delay isn't funy but i am working realy hard.

We thank everyone for your patience. We will be more active again on the forum like in the beginning.

On the other hand: As long as the wallet isn't released you are earning nice free LC on the mining pool without the need of actually investing money. This is a nice contribution so far we think

So now i am comeing to the end of that post, i hope it didn't get to long.
Ann will get updated soon with bounty and informations distributed here.

Payout runs have been finished, includeing 27 May