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Perryl
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October 11, 2017, 03:11:11 AM |
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I'm trying to understand... has this coin been launched for 12 hours, lots of people can't sync the wallet still, and no pools have mined a single block yet ?
My wallet is synced, dev released a new version recently, and I have been mining for hours. |
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PcChip
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October 11, 2017, 03:16:44 AM |
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thanks Altminer, after adding your node it synced immediately
think I can find anything with 9x 1070's, 1x 1080, and 1x 1080Ti solo ? or should I point to a pool ?
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Legacy signature from 2011:
All rates with Phoenix 1.50 / PhatK
5850 - 400 MH/s | 5850 - 355 MH/s | 5830 - 310 MH/s | GTX570 - 115 MH/s | 5770 - 210 MH/s | 5770 - 200 MH/s
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mark949
Newbie
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Activity: 42
Merit: 0
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October 11, 2017, 03:25:21 AM |
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thanks Altminer, after adding your node it synced immediately
think I can find anything with 9x 1070's, 1x 1080, and 1x 1080Ti solo ? or should I point to a pool ?
my opinion is that solo with such complexity is very difficult. You have to be VERY lucky ... |
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PcChip
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October 11, 2017, 03:26:18 AM |
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I like to solo-mine on the first day of coins... but I guess lots of people were already mining by now (I was at work when the coin launched at 10:00am Dallas time) pointing 200 MH/s to Altminers.net  maybe I'll get my AMD rigs in too... |
Legacy signature from 2011:
All rates with Phoenix 1.50 / PhatK
5850 - 400 MH/s | 5850 - 355 MH/s | 5830 - 310 MH/s | GTX570 - 115 MH/s | 5770 - 210 MH/s | 5770 - 200 MH/s
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Perryl
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October 11, 2017, 03:27:37 AM |
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I like to solo-mine on the first day of coins... but I guess lots of people were already mining by now (I was at work when the coin launched at 10:00am Dallas time) pointing 200 MH/s to Altminers.net maybe I'll get my AMD rigs in too... Kinda pointless to mine solo during instamine protection blocks, no? |
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PcChip
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October 11, 2017, 03:32:01 AM |
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Kinda pointless to mine solo during instamine protection blocks, no?
agreed, I obviously didn't read the OP |
Legacy signature from 2011:
All rates with Phoenix 1.50 / PhatK
5850 - 400 MH/s | 5850 - 355 MH/s | 5830 - 310 MH/s | GTX570 - 115 MH/s | 5770 - 210 MH/s | 5770 - 200 MH/s
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Perryl
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October 11, 2017, 03:38:47 AM |
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Kinda pointless to mine solo during instamine protection blocks, no?
agreed, I obviously didn't read the OP Can't blame you, they all started looking the same a long time ago. |
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calxibe
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October 11, 2017, 03:54:03 AM |
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To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
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lentyna
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October 11, 2017, 04:01:14 AM |
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To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
I doubt it will go above $1, with 60mil supply, the cap would be 60mil if it was $1. |
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AltMiner.net
Full Member
Offline
Activity: 210
Merit: 100
AltMiner.Net | Low-Fee Pool | 2hr Payout
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October 11, 2017, 04:02:41 AM |
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To mine just one LUX I need to mine for multiple days for me.
Does the community think it will moon from first day, or would it be better to mine something else and just by when listed on exchanges?
We are still in instamine protection... |
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camchimonline
Newbie
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Activity: 32
Merit: 0
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October 11, 2017, 04:04:55 AM |
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Thank Altminer
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hous26
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October 11, 2017, 04:14:45 AM |
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I'm only getting around 46 Mh/s with my 6x PNY 1060 3gb cards.
Bummer.
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crombiecrunch
Member
Offline
Activity: 98
Merit: 10
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October 11, 2017, 04:18:43 AM |
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Join us over at https://thecryptopool.com 0.5% fee on all coins for the month of October. -a phi -o stratum+tcp://thecryptopool.com:6667 -u <YOUR-LUX-ADDRESS> -p c=LUX Dedicated servers located in South Central US |
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Sam123
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October 11, 2017, 04:20:28 AM |
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Getting ~15Mh/s using RX580 AMD
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feizy
Newbie
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Activity: 76
Merit: 0
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October 11, 2017, 04:22:03 AM |
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wallet not sync
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}{uNdd
Full Member
Offline
Activity: 266
Merit: 100
Next-Gen Blockchain Ecosystem - Luxcore.io
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October 11, 2017, 04:28:41 AM |
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that is dev wallet 5% premine 300M |
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misterwow
Newbie
Offline
Activity: 31
Merit: 0
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October 11, 2017, 05:01:25 AM |
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what pool work now?
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TheKryptonian
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October 11, 2017, 05:01:32 AM |
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Can someone please confirm whether this math is right? New algo looks promising, but trying to work out some of the economics of this to see if its worth the time/hash:
Blocktime looks like it's 2 mins, right? So 720 blocks a day, with 10 Lux/Block. This is 7200 LUX/day, or 7200*365 = 2,628,000 LUX/year.
The dev pre-mine is 5% of 60 million blocks, = 3,000,000 pre-mine. The PoS reward is 50%, with double-rewards for the first 100k blocks. Let's ignore the double rewards. So dev will earn 1.5 million Lux in one year.
Let's assume all miners can stake perfectly. This is far from true, but lets say that every time a block is found by a miner, it begins to stake. This means that over the course of the year, on average half the mined supply will be staked at 50%, so the staking result is 2,628,000 * 0.25 = 657,000. The maximum total earned by a perfect mining/staking system is 2,628,000 mining + 657,000 staking = 3,285,000 LUX.
Holdings after year 1: Dev 4,500,000 LUX, miners 3,285,000 LUX.
Should I be worried about dev holding well over 50% of the supply even after one year? Genuine question, maybe I shouldn't care because new algos are so money they can overcome this.
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crypto.lawyer.187
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October 11, 2017, 05:04:45 AM |
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what pool work now?
is it too sooon to mine |
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