[ANN] LuckyCoin LKY | Lucky Blocks | Fast | Fun | Fair

[snaidervp]

Community Poll

Dear Luckycoin Community,

One way to cure the current difficulty fluctuations on the Luckycoin network is to go to the root cause and ask for a suspension or removal of LKY from multipool.in.
My investigations have shown that essentially all the 400MH/s we see after a retarget come from the multipool site.
This measure would give back the real supporters of the Luckycoin network the opportunity to mine their fair share of coins.

Please post your opinion regarding this measure.

Titan

i disagree, this measure doesnt actually supports the open digital currency idea. Maybe something like stbgefltc/barwizi did to Noirbits will be more helpfull.

my 1 LKY 

[nearmiss]

Community Poll

Dear Luckycoin Community,

One way to cure the current difficulty fluctuations on the Luckycoin network is to go to the root cause and ask for a suspension or removal of LKY from multipool.in.
My investigations have shown that essentially all the 400MH/s we see after a retarget come from the multipool site.
This measure would give back the real supporters of the Luckycoin network the opportunity to mine their fair share of coins.

Please post your opinion regarding this measure.

Titan

Best of luck, but they've more or less rejected this concept (see the old Argentum thread for some details).  In short, they don't care about 'real supporters' (we are suckers), and they'll do whatever they can if it makes a quick buck.

[Hippie Tech]

Community Poll

Dear Luckycoin Community,

One way to cure the current difficulty fluctuations on the Luckycoin network is to go to the root cause and ask for a suspension or removal of LKY from multipool.in.
My investigations have shown that essentially all the 400MH/s we see after a retarget come from the multipool site.
This measure would give back the real supporters of the Luckycoin network the opportunity to mine their fair share of coins.

Please post your opinion regarding this measure.

Titan

I would make the difficulty 100 times what it would be, if/when the network's hashrate jumps by a factor of x. If we can't have them, then no one will !

A less drastic measure would be to make the diff retarget, time based and/or sensitive to the total network hashpower in real time.

Both ideas will immediately cut off the parasite's supply of easy blocks.

HT xD

[markm]

Spawning a new coin when the community is already unable to secure the coins it already has seems closer to the "root cause" of the "problem"...

-MarkM-

[flound1129]

I'm not keen to get in another public argument in this thread, however, I will state for the record that the manner in which the question was brought to me in my pool thread and then in the ARG thread had as much to do with the answer ARG got as my own personal rationale for keeping ARG on Multipool.

Titan, if you want to PM me we can have a discussion about LKY's future on Multipool, however please understand that my position is that once a coin is public, and on exchanges, anyone should be free to mine it, including those who only want to mine when it is profitable to do so.

I will not reply in this thread again regarding this topic.

[stbgefltc]

Titan, if you want to PM me we can have a discussion about LKY's future on Multipool, however please understand that my position is that once a coin is public, and on exchanges, anyone should be free to mine it, including those who only want to mine when it is profitable to do so.

Even though I don't like the concept of multipools, I have to admit that is correct. If you go public, you go public. Only reasonnable thing to do is to adjust difficulty algorithms and code so that this practice is no longer profitable.

One thing we did to help Noirbits (which I develop) is to place a max. time before next retarget. Basically, if difficulty gets too high for the actual hashrate, and next retarget takes too long to kick in, it is automatically dropped (for Noirbits, 4 hours max., while retargets are supposed to occur every hour).

The next step we are taking is too force a difficulty increase when blocks go too fast, so that we have symmetrical difficulty adjustements.

Just my two coins, but it might give you some ideas to improve your difficulty retarget rules...

[Titan]

Thank you all for your input!

I find it interesting to see this strong vote for an open network and the 'let it fight for survival' attitude.

But I think hardly any project would succeed if there is no oversight and guidance or the results would be well below the potential.

Titan

[Titan]

Titan, if you want to PM me we can have a discussion about LKY's future on Multipool, however please understand that my position is that once a coin is public, and on exchanges, anyone should be free to mine it, including those who only want to mine when it is profitable to do so.

Even though I don't like the concept of multipools, I have to admit that is correct. If you go public, you go public. Only reasonnable thing to do is to adjust difficulty algorithms and code so that this practice is no longer profitable.

One thing we did to help Noirbits (which I develop) is to place a max. time before next retarget. Basically, if difficulty gets too high for the actual hashrate, and next retarget takes too long to kick in, it is automatically dropped (for Noirbits, 4 hours max., while retargets are supposed to occur every hour).

The next step we are taking is too force a difficulty increase when blocks go too fast, so that we have symmetrical difficulty adjustements.

Just my two coins, but it might give you some ideas to improve your difficulty retarget rules...

Thanks for pointing this out.
I have already studied your modifications some days ago, they look interesting.

Is your retargeting mechanism susceptible to the following attack scenario, that is currently carried out against TRC?
https://bitcointalk.org/index.php?topic=167493.0

http://cryptocoinexplorer.com:3750/address/111exFkjLXP5mXmEfVqGd2r7bXQhVhux3

Titan

[stbgefltc]

Thanks for pointing this out.
I have already studied your modifications some days ago, they look interesting.

Is your retargeting mechanism susceptible to the following attack scenario, that is currently carried out against TRC?
https://bitcointalk.org/index.php?topic=167493.0

http://cryptocoinexplorer.com:3750/address/111exFkjLXP5mXmEfVqGd2r7bXQhVhux3

Titan

They should not, they still rely on ArtForz's fix where retarget looks back to the last block in the previous target interval, instead of looking at the first block in the current one.

There's however a flaw in the 4 hour cap (so much for testing...), it will only trigger if a block takes more than four hours to find, instead of triggering when a retarget takes more than 4 hours to occur.

A fix will be pushed soon, I'll let you know when it's available so you can look at it.

[rapidfire187]

L5WfaZ8XYkv8mAAM5e4bZmHVWPuTDHtcRV
LKY:

tytytyttytyty
BTC

[Titan]

L5WfaZ8XYkv8mAAM5e4bZmHVWPuTDHtcRV
LKY:

tytytyttytyty
BTC

I have sent you a block! Feel lucky!
http://www.youtube.com/watch?v=5NV6Rdv1a3I

Titan

[nearmiss]

Unfortunately the time has come to close the doors on my LKY pool @ http://lky.scryptmining.com

While its one of only 3 pools (and the only non-p2pool) still alive since launch, the pool has seen little hashrate for quite some time, and no miners or blocks for more than 48hrs now.   I wish LKY success, and will gladly re-open my doors in support of the coin should the need arise, but at this point there is little reason to leave an empty pool running.

The website will remain up for at least 7 days for anyone to withdraw coins that needs to, though mining will be shut off as of now.  Any payments triggered from the site get sent out in 15 minute intervals after this point.


Good luck to the coin, and thanks to the miners who supported the pool!

[altcoiner]

Unfortunately the time has come to close the doors on my LKY pool @ http://lky.scryptmining.com

While its one of only 3 pools (and the only non-p2pool) still alive since launch, the pool has seen little hashrate for quite some time, and no miners or blocks for more than 48hrs now.   I wish LKY success, and will gladly re-open my doors in support of the coin should the need arise, but at this point there is little reason to leave an empty pool running.

The website will remain up for at least 7 days for anyone to withdraw coins that needs to, though mining will be shut off as of now.  Any payments triggered from the site get sent out in 15 minute intervals after this point.


Good luck to the coin, and thanks to the miners who supported the pool!

sad to read that....

[X68N]

Hey please fix that blockchain sync problem.
Nibble Coin fixed it with a new conf file.

otherwise the LKY will be dead very fast.

[Titan]

Unfortunately the time has come to close the doors on my LKY pool @ http://lky.scryptmining.com

While its one of only 3 pools (and the only non-p2pool) still alive since launch, the pool has seen little hashrate for quite some time, and no miners or blocks for more than 48hrs now.   I wish LKY success, and will gladly re-open my doors in support of the coin should the need arise, but at this point there is little reason to leave an empty pool running.

The website will remain up for at least 7 days for anyone to withdraw coins that needs to, though mining will be shut off as of now.  Any payments triggered from the site get sent out in 15 minute intervals after this point.


Good luck to the coin, and thanks to the miners who supported the pool!

Thanks for supporting the LKY network over the last months!

Titan

[Titan]

Hey please fix that blockchain sync problem.
Nibble Coin fixed it with a new conf file.

otherwise the LKY will be dead very fast.

I have already implemented some measures to prevent Litecoin nodes form entering the network.

I'll have a look at the Nibble solution, thanks.

Titan

[kjib]

I'm guessing this has been said before but the Windows Luckycoin wallet is out of date, it keeps telling you it's out of date and it's been like this for ages. I think you'll get more support if folks have confidence in stuff like this. I for one don't feel like burning my few miners on a given Alt-coin when I can't even be sure if the few coins I make will be viable.

Let us know when the Windows wallet is fixed. Or is it just me! (I have just tried re-downloading it and I get the same thing about it needing updating).

[Titan]

I'm guessing this has been said before but the Windows Luckycoin wallet is out of date, it keeps telling you it's out of date and it's been like this for ages. I think you'll get more support if folks have confidence in stuff like this. I for one don't feel like burning my few miners on a given Alt-coin when I can't even be sure if the few coins I make will be viable.

Let us know when the Windows wallet is fixed. Or is it just me! (I have just tried re-downloading it and I get the same thing about it needing updating).

Please download the latest Windows QT client from GitHub.
https://github.com/LuckyCoinFoundation/LuckycoinQT

For more information read the thread:
https://bitcointalk.org/index.php?topic=236714.0

Titan

[SoulSlayerPT]

Can't sync my wallet! It just hangs @ 342466 block remaining.. Any help?

[Titan]

Can't sync my wallet! It just hangs @ 342466 block remaining.. Any help?

This happens when a Litecoin node connects to the network. Usually after some time the node gets kicked from the network and things are back to normal. I have added some fixes to reduce the exposure to the Litecoin and other networks in the security updates. If the client really gets stuck, you can delete the peers.dat file and restart the client.

Titan