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Author Topic: [ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair  (Read 107818 times)
thisnewcoin
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May 25, 2013, 05:14:00 PM
 #761

the problem is that you are not alone in the network, people (some pools) already work on this block before you started, how can you get it? It's virtually impossible.
Uh? No.
When you get notified of a new block, you start mining it.
And that's pretty much what everyone else does too.

why not you make a miner that does this, I'll love to try it out. I want to get 5888 superblock!  Cheesy
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May 25, 2013, 05:19:26 PM
 #762

why not you make a miner that does this, I'll love to try it out. I want to get 5888 superblock!  Cheesy
Because I'm not going to spend my time working for free on a lame altcoin.
Of course if you are going to pay, that would be a different story.

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May 25, 2013, 05:27:12 PM
 #763

if getblockreward Huh anyone wanna finish the statement?
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May 25, 2013, 05:27:57 PM
 #764

why not you make a miner that does this, I'll love to try it out. I want to get 5888 superblock!  Cheesy
Because I'm not going to spend my time working for free on a lame altcoin.
Of course if you are going to pay, that would be a different story.


I am going to pay for it? lol, no, because I don't think it will work. If you think it will work, do it and get these superblocks and they will be sufficient to payoff you.

I am a programmer myself, I did not do this is simply because I don't think it will work.
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May 25, 2013, 05:35:22 PM
 #765

Looks like the diff is petty stable now at 5.5, for the last 12 hours. Even dropped a little. Which is good.

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May 25, 2013, 05:52:31 PM
 #766

This is good, this one reduced largely the instamine.  Grin

                                 
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May 25, 2013, 06:04:19 PM
 #767

This is good, this one reduced largely the instamine.  Grin

yep!
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May 25, 2013, 06:17:15 PM
 #768

This is good, this one reduced largely the instamine.  Grin

yep!

this is the first diff adjustment scheme to reduce the instamine, it's great!

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May 25, 2013, 06:19:25 PM
 #769

This is good, this one reduced largely the instamine.  Grin

yep!

this is the first diff adjustment scheme to reduce the instamine, it's great!

No it's not. DigitalCoin and Nibble used a better approach.
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May 25, 2013, 06:20:02 PM
 #770

This is good, this one reduced largely the instamine.  Grin

yep!

this is the first diff adjustment scheme to reduce the instamine, it's great!

No it's not. DigitalCoin and Nibble used a better approach.

All had good approaches DGC was pretty fair this one Id say also worked
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May 25, 2013, 06:25:42 PM
 #771

This is good, this one reduced largely the instamine.  Grin

yep!

this is the first diff adjustment scheme to reduce the instamine, it's great!

No it's not. DigitalCoin and Nibble used a better approach.

All had good approaches DGC was pretty fair this one Id say also worked

no that's impossible only one must work! other coins approaches can't work! even though nimble and DGC are like 10X the coin supply by the end of the week.
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May 25, 2013, 06:26:38 PM
 #772

This is good, this one reduced largely the instamine.  Grin

yep!

this is the first diff adjustment scheme to reduce the instamine, it's great!

No it's not. DigitalCoin and Nibble used a better approach.

All had good approaches DGC was pretty fair this one Id say also worked

no that's impossible only one must work! other coins approaches can't work! even though nimble and DGC are like 10X the coin supply by the end of the week.

You mean it can be more than one digital currency that is ok to use?
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May 25, 2013, 06:27:25 PM
 #773

Its to bad they don't print tons of various crap paper money and trade it around the world.
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May 25, 2013, 06:39:47 PM
 #774

Let's see there are different ways to fight the instamines:

1. Use very low payout at the beginning, and only when diff reaches certain level (such as 1), then full payout.
This is the method used by DGC.

2. Use an accelerated scheme to increase diff quickly to the level that matches network hash rate with the predefined block time. This is used by LKY.

Both works, and did their job I guess.


                                 
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May 25, 2013, 06:40:50 PM
 #775

Its to bad they don't print tons of various crap paper money and trade it around the world.
1. and how many of those coins have a value worldwide, as opposite to just in the country printing them?

2. they have a reason for doing that, and that is every country prints its own coin. They don't do it just for printing's sake, and that's why a single country never prints two different coins: it wouldn't make sense. So, these altcoins are mostly pointless, with few exceptions.

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May 25, 2013, 07:10:07 PM
 #776

All you need to do is check if GetBlockValue says it's a superblock, and if it isn't just skip mining it.

Then you run the LKY wallet with higher process priority than some other wallet and mine happily other coins unless there's a superblock available. You get a wonderful profitability while everyone else is down in the coal mines burning watts.
No that always shows 88

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May 25, 2013, 07:19:53 PM
 #777

All you need to do is check if GetBlockValue says it's a superblock, and if it isn't just skip mining it.

Then you run the LKY wallet with higher process priority than some other wallet and mine happily other coins unless there's a superblock available. You get a wonderful profitability while everyone else is down in the coal mines burning watts.
No that always shows 88

Another noob owned haha
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May 25, 2013, 07:27:35 PM
 #778

The last diff adjustment actually decreased a bit diff, now at  5.08471926 as opposed to 5.48902389 earlier, which is good news for all the miners!

This coin killed instamining quickly. The problem with WDC, I think, is too many instaminings at low diff, so when it hits the exchanges, big dumps from those who grabbed at low diff, thus killing the great WDC, sad  Sad.

                                 
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May 25, 2013, 07:29:20 PM
 #779

The last diff adjustment actually decreased a bit diff, now at  5.08471926 as opposed to 5.48902389 earlier, which is good news for all the miners!

This coin killed instamining quickly. The problem with WDC, I think, is too many instaminings at low diff, so when it hits the exchanges, big dumps from those who grabbed at low diff, thus killing the great WDC, sad  Sad.


Yes but WDC still going strong still has a big hashrate haha! When this coins diff stabilizes in a the next day or two to normal diff adjustments it's going to be great! It also has fast diff adjustments even faster than WDC.
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May 25, 2013, 07:39:32 PM
 #780

The last diff adjustment actually decreased a bit diff, now at  5.08471926 as opposed to 5.48902389 earlier, which is good news for all the miners!

This coin killed instamining quickly. The problem with WDC, I think, is too many instaminings at low diff, so when it hits the exchanges, big dumps from those who grabbed at low diff, thus killing the great WDC, sad  Sad.

Also I think WDC got onto an exchange too quickly, it wasn't allowed to grow enough love with the community yet. Once WDC appeared on bter, everyone tossed it like loveless parents.

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