LUXCoin — PHI1612 PoW/PoS Hybrid — new topic in last page

[skdsw]

DEV should explain why he started moving thousands of coins to different wallets all of a sudden. We work our ass of to get one coin while he begins moving thousands on his premined wallet. If he has no clear explanation for this, then i will seriously begin considering if this coin is a scheme.

edit: in fact i'm stopping mining it until he clears this out. Hope this wasn't a waste of time.

From the fact of dev's silence, he does not worried about our asses

Only one thing is needed from him now - 1BTC for nova listing  

[joniosbra]

The big difficulty of extraction. It is not profitable to mine

it depends on the price

Any suggestions?

need to be at least 80-100k satoshis per lux to be profiable.

[hqthief]

The big difficulty of extraction. It is not profitable to mine

it depends on the price

Any suggestions?

need to be at least 80-100k satoshis per lux to be profiable.

agreed. with dev moving assets that price wouldn't stay for too long.

[Metallurg]

Looks like another coin designed to make dev instarich in the first week of exchange, so tired of that.

[lentyna]

For it to be profitable it should be more than 10,000 sat.  For example right now with my 1 7 GPU rig I can make around $15/day mining ZEC but I could mine only 1 LUX in 2 hours so let's say around 12 LUX a day. LUX has to be more than a $1 for it to be profitable to mine. With 60,000,000 total coins I highly doubt it reaching that price.

[joniosbra]

For it to be profitable it should be more than 10,000 sat.  For example right now with my 1 7 GPU rig I can make around $15/day mining ZEC but I could mine only 1 LUX in 2 hours so let's say around 12 LUX a day. LUX has to be more than a $1 for it to be profitable to mine. With 60,000,000 total coins I highly doubt it reaching that price.

1$ > 20k satoshis.
and even $1 is not profitable.

[Z1pp4]

Looks like another coin designed to make dev instarich in the first week of exchange, so tired of that.

But why there is a 150GH/s network for shitcoin?
I will try to keep my rig there for a while as the most i can lose in my electricity is like 30EUR/month with 650W draw from the wall and another 150$ of coins value that i will not mine in this time. But if dev will come with all the news (roadmap, whitepaper etc.) and coin will go to the moon then i will not lose my 30EUR and get some value out of LUX

[lentyna]

For it to be profitable it should be more than 10,000 sat.  For example right now with my 1 7 GPU rig I can make around $15/day mining ZEC but I could mine only 1 LUX in 2 hours so let's say around 12 LUX a day. LUX has to be more than a $1 for it to be profitable to mine. With 60,000,000 total coins I highly doubt it reaching that price.

1$ > 20k satoshis.
and even $1 is not profitable.

That's what pretty much I was saying...

[tazmako]

my lux wallet v2 cant sync.

im add node but same

[redsun17]

Looks like another coin designed to make dev instarich in the first week of exchange, so tired of that.

But why there is a 150GH/s network for shitcoin?
I will try to keep my rig there for a while as the most i can lose in my electricity is like 30EUR/month with 650W draw from the wall and another 150$ of coins value that i will not mine in this time. But if dev will come with all the news (roadmap, whitepaper etc.) and coin will go to the moon then i will not lose my 30EUR and get some value out of LUX

I think you answer your own question.  There is 150 GH/s for a shitcoin because in crypto, people always want to try, just in case it works out.

Could LUX work out?  Maybe, of course there is a chance.  But when we look at 3 million dev pre-mine, dev staking the pre-mins for huge returns, and dev moving his coins around a lot, and the sheer difficulty of mining with long (3 min) blocktimes, you have to ask yourself - what are the chances this project will be worth more than $1/Lux?  You need a market cap of over $6 million USD after one year for that to happen.  I think the chances are very very low.

So I think this is a riskier gamble.  But everyone is allowed to gamble their hash.  As long as you know the risks, then roll the dice.

[D0WN3D]

Looks like another coin designed to make dev instarich in the first week of exchange, so tired of that.

They will be relased tomorrow, and in the next 2 days it will be on an exchange.

But why there is a 150GH/s network for shitcoin?
I will try to keep my rig there for a while as the most i can lose in my electricity is like 30EUR/month with 650W draw from the wall and another 150$ of coins value that i will not mine in this time. But if dev will come with all the news (roadmap, whitepaper etc.) and coin will go to the moon then i will not lose my 30EUR and get some value out of LUX

They will be released tomorrow on the website.

[skdsw]

But why there is a 150GH/s network for shitcoin?

Good promotion, nice design  and few days of intrigue before start of mining

[Lister]

When poloniex? I want sell lux 

[Z1pp4]

But why there is a 150GH/s network for shitcoin?

Good promotion, nice design  and few days of intrigue before start of mining

But even after that - why there are still 1100 miners just in altminer that mines LUX? i am not saying that this might get to a huge scam and in this case i am not risking much with just 60MH/s, but there are people that gives their 500MH/s and more for a shitcoin.
I remember i was reading once about ether, when it was just announced and there were so much shittalk about it and every second called dev a scammer etc. Now we see ether 2nd crypto in the market.

Well - let's see what will happen in a week or so... maybe i am trying to convince myself that i am doing right thing

[Neurolicious]

But why there is a 150GH/s network for shitcoin?

Good promotion, nice design  and few days of intrigue before start of mining

But even after that - why there are still 1100 miners just in altminer that mines LUX? i am not saying that this might get to a huge scam and in this case i am not risking much with just 60MH/s, but there are people that gives their 500MH/s and more for a shitcoin.
I remember i was reading once about ether, when it was just announced and there were so much shittalk about it and every second called dev a scammer etc. Now we see ether 2nd crypto in the market.

Well - let's see what will happen in a week or so... maybe i am trying to convince myself that i am doing right thing

Uh.. Take a look at ETH ann page, what ETH had to offer and what were it's plans. And then compare it to LUX which has nothing else to offer but a gimmick Masternode bullshit.

[trgnn]

Sell 10LUX pm me your offers.

[crombiecrunch]

Hey everyone, the LUX coin had a DB issue over at https://thecryptopool.com. First off coins are safe. Secondly please Pm your wallet address along with any screen shots you may have taken. And we will begin manual payouts.

the coin is offline until we resolve this issue.

[crypto.miner.x]

But why there is a 150GH/s network for shitcoin?

Good promotion, nice design  and few days of intrigue before start of mining

But even after that - why there are still 1100 miners just in altminer that mines LUX? i am not saying that this might get to a huge scam and in this case i am not risking much with just 60MH/s, but there are people that gives their 500MH/s and more for a shitcoin.
I remember i was reading once about ether, when it was just announced and there were so much shittalk about it and every second called dev a scammer etc. Now we see ether 2nd crypto in the market.

Well - let's see what will happen in a week or so... maybe i am trying to convince myself that i am doing right thing

Ether has its own codebase. Lux's codebase is full of copy-pasted code from existing coins like Transfercoin and Dash

[crypto.miner.x]

Devs are obfuscating their premined coins. This looks more and more like a one-time pump-and-dump coin.

http://explorer.luxcoin.xyz/address/LRwNsqHEmx9BnqPtkT3SFbRAiw4mYE8Fi3

[sstercan]

dev must publish a roadmap and make things clear. 16k for masternode is impossible to mine with this nethash. and also premine issues is not clear. hey dev maybe you will publish a roadmap and use escrow for premined coins.