2CryptoGuyz
Newbie
 Offline
Activity: 8
Merit: 0
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October 13, 2017, 03:30:52 AM |
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POS CLARIFICATION From the Discord Channel
The normal LUX 50% POS is Static, not dynamic. The difference is dynamic is a 50% per year in your wallet reward.
The Static POS 50%, is 50% of the Current Block Size. So for every block that is mined=10LUX, there is a POS reward of 5LUX (since we are in the bonus time it is actually 10LUX).
Which means, having your wallet open and staking is a great way to increase your coins.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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yandj
Member
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Activity: 77
Merit: 10
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October 13, 2017, 04:06:04 AM |
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POS CLARIFICATION From the Discord Channel
The normal LUX 50% POS is Static, not dynamic. The difference is dynamic is a 50% per year in your wallet reward.
The Static POS 50%, is 50% of the Current Block Size. So for every block that is mined=10LUX, there is a POS reward of 5LUX (since we are in the bonus time it is actually 10LUX).
Which means, having your wallet open and staking is a great way to increase your coins.
hmm...Static? i think is not good. because is very easy to increase coins only for miners that have big power. seems like an abuse because they can clone they coins in big quantity. |
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vaulter
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October 13, 2017, 05:13:11 AM |
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POS CLARIFICATION From the Discord Channel
The normal LUX 50% POS is Static, not dynamic. The difference is dynamic is a 50% per year in your wallet reward.
The Static POS 50%, is 50% of the Current Block Size. So for every block that is mined=10LUX, there is a POS reward of 5LUX (since we are in the bonus time it is actually 10LUX).
Which means, having your wallet open and staking is a great way to increase your coins.
hmm...Static? i think is not good. because is very easy to increase coins only for miners that have big power. seems like an abuse because they can clone they coins in big quantity. You are the miner (entity keeping network going) if you'll have coins (buy, trade, swap, mine etc) - its just you wont need GPUs when you get coins.. Question to DEVs - what is masternode total award per day |
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foldingextra
Newbie
Offline
Activity: 32
Merit: 0
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October 13, 2017, 05:31:24 AM |
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POS CLARIFICATION From the Discord Channel
The normal LUX 50% POS is Static, not dynamic. The difference is dynamic is a 50% per year in your wallet reward.
The Static POS 50%, is 50% of the Current Block Size. So for every block that is mined=10LUX, there is a POS reward of 5LUX (since we are in the bonus time it is actually 10LUX).
Which means, having your wallet open and staking is a great way to increase your coins.
Looks great, let me install the wallet to my VPS and run it 24/7... |
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Ayers
Legendary
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Activity: 2618
Merit: 1023
Seabet.io | Crypto-Casino
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October 13, 2017, 05:40:26 AM |
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There is no way 1070 does only 13 Mh/s, I get almost 14 with 1060. Make sure you have the latest ccminer version, it was greatly improved since my initial release. oh i was just using the miner on the first page i missed that there is a new ccminer version, thank you going to check it now |
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danspasiva
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October 13, 2017, 05:46:28 AM |
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POS CLARIFICATION From the Discord Channel
The normal LUX 50% POS is Static, not dynamic. The difference is dynamic is a 50% per year in your wallet reward.
The Static POS 50%, is 50% of the Current Block Size. So for every block that is mined=10LUX, there is a POS reward of 5LUX (since we are in the bonus time it is actually 10LUX).
Which means, having your wallet open and staking is a great way to increase your coins.
Thanks for this update it is very useful information, i couldn't find this info elsewhere. |
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santan
Member
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Activity: 102
Merit: 11
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October 13, 2017, 05:58:58 AM |
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How to import my old wallet.dat into the new wallet ui
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danspasiva
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October 13, 2017, 06:08:02 AM |
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How to import my old wallet.dat into the new wallet ui
You click on the menu and select import and u can put your seed/password to import. Or for the wallet.dat you open the menu and click open wallet, and just select the wallet.dat from where it is that you saved it. If you don't know where wallet.dat is normally saved it is in users/<user>/C/appdata/roaming/electrum/wallet.dat |
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yandj
Member
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Activity: 77
Merit: 10
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October 13, 2017, 07:15:40 AM
Last edit: October 13, 2017, 08:02:25 AM by yandj |
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How to import my old wallet.dat into the new wallet ui
If you want to import wallet.dat from testnet wallet to 2.1 version. Is not possible. Because of differences in blockchains. |
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megainarmy
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October 13, 2017, 08:02:56 AM |
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I'm not a mining. But in my wallet stably drips 2 LUX. And sometimes a little more. Where does it come from?
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vaulter
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October 13, 2017, 08:31:26 AM |
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I'm not a mining. But in my wallet stably drips 2 LUX. And sometimes a little more. Where does it come from?
Its from staking - you have some coins in the wallet and these generate income.. |
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Dr_Victor
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October 13, 2017, 08:35:48 AM |
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Any request to exchanges?
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yobit.net is banned from signatures
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Topkras
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October 13, 2017, 08:46:13 AM |
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this POS makes me happier  I still don't understand the algorithm, but it feels good |
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Topkras
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October 13, 2017, 09:08:09 AM |
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this POS makes me happier I still don't understand the algorithm, but it feels good How many coins should I have in my wallet for POS? What settings? Any amount of coins. Just keep wallet open |
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vaulter
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October 13, 2017, 09:10:17 AM |
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this POS makes me happier I still don't understand the algorithm, but it feels good How many coins should I have in my wallet for POS? What settings? Any number to make it work - but it needs to be in your wallet for 36 hours to start POS, there is also difficulty involved which affects how fast your coins generate a block (2 lux) currently there are 1000 lux participating in staking (POS) and if you have 15 lux it needs 4 hours to produce 2 lux |
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MrRig
Member
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Activity: 118
Merit: 10
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October 13, 2017, 09:11:09 AM |
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this POS makes me happier I still don't understand the algorithm, but it feels good How many coins should I have in my wallet for POS? What settings? As many coins as possible ofc  . Your wallet needs to be running and has to be unlocked if encrypted. |
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vaulter
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October 13, 2017, 09:22:24 AM |
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this POS makes me happier I still don't understand the algorithm, but it feels good How many coins should I have in my wallet for POS? What settings? Any amount of coins. Just keep wallet open it is open from the first day. Maybe in the settings that you need to click? When do you receive your first transaction to that wallet? (it needs 36 hours after you receive it to start staking process ) |
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mightyewok
Newbie
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Activity: 11
Merit: 0
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October 13, 2017, 09:37:36 AM |
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Is there any information about current network difficulty?
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Shkembe
Legendary
Offline
Activity: 1559
Merit: 1001
Epic Private Internet Cash
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October 13, 2017, 09:42:31 AM |
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If someone sells Lux, PM me. |
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uralcryptocoin
Sr. Member
Offline
Activity: 1042
Merit: 328
SIGNATURE CREATION by uralcryptocoin
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October 13, 2017, 09:50:02 AM |
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Is there any information about current network difficulty?
Here a block explorer with diff stats: LINK or LINK2 |
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BTC Bitcoin: A Peer-to-Peer Electronic Cash System BTC
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. |
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