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

[ruixue1hao]

Why do I have only 1.2 POS coins?

[1714602869]

1714602869

[huntley haverstock]

51230   7f550e33f36912d119ed833868e5f80812fe239c71b023aa00d0cb59d137513c   1   10.00051230   Sun, 12 Nov 2017 13:27:40 GMT
51230   33bf4fbd38a9a08521bd85f3655fb068a1dc0217e0c15e4004f6b58706b0abdc   1   10.00051230   Sun, 12 Nov 2017 13:27:55 GMT

51232   b7dc2e6e8a29831295d272186c9809c76ef8ff93915547ab9eafefb760def2d7   2   2.00000366   Sun, 12 Nov 2017 13:30:56 GMT
51232   6e8a1302446acbc7437643bd7de100332436c0fed7158b00f488358adf7b5683   2   2.00000366   Sun, 12 Nov 2017 13:30:56 GMT



 

[Prosnip]

51230   7f550e33f36912d119ed833868e5f80812fe239c71b023aa00d0cb59d137513c   1   10.00051230   Sun, 12 Nov 2017 13:27:40 GMT
51230   33bf4fbd38a9a08521bd85f3655fb068a1dc0217e0c15e4004f6b58706b0abdc   1   10.00051230   Sun, 12 Nov 2017 13:27:55 GMT

51232   b7dc2e6e8a29831295d272186c9809c76ef8ff93915547ab9eafefb760def2d7   2   2.00000366   Sun, 12 Nov 2017 13:30:56 GMT
51232   6e8a1302446acbc7437643bd7de100332436c0fed7158b00f488358adf7b5683   2   2.00000366   Sun, 12 Nov 2017 13:30:56 GMT

What is it?

[fleer]

good luck using internet if you don't know english

[aminh]

Unfortunately, this project has low capitalization and copper coin constantly losing value. I consider whether to continue mining or not now!

[anorganix]

Sorry for my english...

Very sorry.
The price of the coin fell below the dollar and now is $0.8.
And how it all started well ...
The unwise move from the Dev who decided to sell a lot of coins from the premine and immediately dropped the price 2 times. You can not sell a lot of coins at a time. To sell it is necessary in small batches to keep the price, tk. the volume of trading is still very small.
After such actions, the price of the coin did not return, and fell even more.

What is now?
On the largest pools for lux production (yiimp and altminer) the number of miners decreased by 3 times. The holders of coins have fallen of interest since. the profit fell dramatically. And to be more precise, the miners lost the sense of getting coins, and Masterdn for all the others is too expensive.
If the Dev do not provide any development or rumors about the new exchange in the next couple of weeks ... I'm afraid that this coin will not have a future.
Everyone knows that coins are bought on rumors, and sell on the news!
Dear developers, why does your marketing department work so poorly?
In the near future, annotate anything, start up some rumor or something like that.
Give people food for thought!

I still believe in you!
But if the price of the coin drops to $ 0.5, then I will finish the luxury mine and sell my two thousand coins on Cryptopia. This will drop the price even more, but I have no other way out.
I still expect support from you! Help your coin and miners who still trust you.

As far as I know, some MNs were sold some time ago to help fund the Cryptopia listing, past days of dumping is not from team's wallets, you can check explorer richlist.

Hey,

Will POS be enabled on the PMN Network? What are the benefits to LUX holders from the parallel network? Will the same LUX coins be used on this network?

LUX is planned to support both public and private networks running at the same time and connected via LuxGate.
You can read a tweet about it here.

Why do I have only 1.2 POS coins?

40% from PoS goes to masternodes for securing the network.
It is stated and presented in the whitepaper, check it out on the Lux site.




And, as always, please remember that I am doing my best to create some sort of interface between the devs and the community.
I am not the dev of this coin, I've made the initial ccminer implementation for PHI1612 & added CoiniumServ support - so please stop addressing me this dev "title".

Thanks!

[Shkembe]

---

And, as always, please remember that I am doing my best to create some sort of interface between the devs and the community.
I am not the dev of this coin, I've made the initial ccminer implementation for PHI1612 & added CoiniumServ support - so please stop addressing me this dev "title".

Thanks!

Do not you feel flattered by this? Strange ...  

[anorganix]

Nothing to be flattered about, I've contributed and will keep contributing with what I can for this coin as long as I believe in it.
Community is what matters, no?

[huntley haverstock]

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS




If you read that and the number 1.2 coins pops in your head.. Your an asshole.

[vuytdptv]

Nothing to be flattered about, I've contributed and will keep contributing with what I can for this coin as long as I believe in it.
Community is what matters, no?

thanks for your dedicated efforts to the LUXcoin project.

[anorganix]

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS




If you read that and the number 1.2 coins pops in your head.. Your an asshole.

Ok, I promise I'll start reading about coins with PoS / masternodes and how they work.
Also, I'll need to study how more than 1 transaction is possible in one block and how to read a block explorer. And yes, I really need to read the Whitepaper again because PoS reward is 2 LUX, with 40% of the 2 LUX going to MN.

[huntley haverstock]

Wallet 2.2.2 still paying ok.. Asshole

[anorganix]

Did you read about the protocol change?
No you didn't.

Did you read the Discord?
No you didn't.

Did you get some post farming here?
Yes you did.

I'm the asshole...

[huntley haverstock]

Protocol change!!! That is why everyone (except MARTIN other MN) is pissed. You basically voided MOST of the compounding gains that miners would have been led to rationalize when reading... LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS


Adding insult to injury is a constant barrage of "We told you so" After the fact does not constitute due diligence on the teams part. Discord..same assholes, same shit.. If you read the above statement from Luxcoin.tech (of course that was out three weeks before Martin got his MN Then the WhitePaper and then the MN cram down began) 1.2 Never shows up until Martin needs a node and the Team realizes miners compounding could be a thing. Now a miner only needs 20 1080Ti and 5 Years to get a NODE. Thanks TEAM!!

[anorganix]

I can clearly understand your point of view, but also you should try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.

[Highspeed123]

Sorry for my english...

Very sorry.
The price of the coin fell below the dollar and now is $0.8.
And how it all started well ...
The unwise move from the Dev who decided to sell a lot of coins from the premine and immediately dropped the price 2 times. You can not sell a lot of coins at a time. To sell it is necessary in small batches to keep the price, tk. the volume of trading is still very small.
After such actions, the price of the coin did not return, and fell even more.

What is now?
On the largest pools for lux production (yiimp and altminer) the number of miners decreased by 3 times. The holders of coins have fallen of interest since. the profit fell dramatically. And to be more precise, the miners lost the sense of getting coins, and Masterdn for all the others is too expensive.
If the Dev do not provide any development or rumors about the new exchange in the next couple of weeks ... I'm afraid that this coin will not have a future.
Everyone knows that coins are bought on rumors, and sell on the news!
Dear developers, why does your marketing department work so poorly?
In the near future, annotate anything, start up some rumor or something like that.
Give people food for thought!

I still believe in you!
But if the price of the coin drops to $ 0.5, then I will finish the luxury mine and sell my two thousand coins on Cryptopia. This will drop the price even more, but I have no other way out.
I still expect support from you! Help your coin and miners who still trust you.

I don't think it because of that. The entire market is in the crapper right now, we just have to wait it out. LUX is only listed on a single exchange, so not getting enough volume during this bad patch. LUX is not the only coin going down, since the big overall pump after the fork was cancelled, most big projects are seeing big losses. With Bitcoin also crashing in value, the Fiat value is also going down a fair bit.

[huntley haverstock]

I can clearly understand your point of view, and you are also right, but also try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS


So who ever wrote the above is an asshole for forgetting that they wrote it while selling MN?

MN sale came after..... Changed around block 41k.. Even a belated airdrop of same amounts lost in principal would not compound efficiently enough to encourage Faith in this Fiduciary. No Trust a 1/coin.

[huntley haverstock]

Miners read the home page.. Why didn't MN Buyers? Maybe, when you say  READ the whitepaper. It IS insulting.

[anorganix]

I can clearly understand your point of view, and you are also right, but also try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS


So who ever wrote the above is an asshole for forgetting that they wrote it while selling MN?

MN sale came after..... Changed around block 41k.. Even a belated airdrop of same amounts lost in principal would not compound efficiently enough to encourage Faith in this Fiduciary. No Trust a 1/coin.

I'm not 100% sure that I understand what you're saying, but again, MNs were announced from the start and activated later, of course.
Also, premine was clearly announced from the start and some of it was used to get listed on exchange by selling to investors (16120 batches for MN) after a screening process.

You do get the idea that a someone investing in a MN has to get some incentive to keep it up & running.
Remember, PoS block is rewarding 2 LUX.

[huntley haverstock]

I can clearly understand your point of view, and you are also right, but also try to understand that it would have been unfair for our MN investors.
The MN was announced from the start as being part of the equation, so it would have happened sooner or later anyways.

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS


So who ever wrote the above is an asshole for forgetting that they wrote it while selling MN?

MN sale came after..... Changed around block 41k.. Even a belated airdrop of same amounts lost in principal would not compound efficiently enough to encourage Faith in this Fiduciary. No Trust a 1/coin.

I'm not 100% sure that I understand what you're saying, but again, MNs were announced from the start and activated later, of course.
Also, premine was clearly announced from the start and some of it was used to get listed on exchange by selling to investors (16120 batches for MN) after a screening process.

You do get the idea that a someone investing in a MN has to get some incentive to keep it up & running.
Remember, PoS block is rewarding 2 LUX.

NOW Long term POS IS going to be 0.6 instead of 1 and 2 is 1.2 With all this deception. I wonder what Dev will bail first. How can you trust that?

But I'm still sure that the miners were FIRST told this...

LUX PoS is Static, not Dynamic. Dynamic rewards a % based on the amount of coins you hold, which can cause those that hold less, to wait days or even weeks for rewards. Our system rewards a static 1LUX to all staking, regardless of the amount of coins. Those that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight. Which means, having your wallet open and staking is a great way to increase your coins.
PoS Statistics

First 100k blocks = 2x Reward(2LUX)

Target Spacing: 120s

Maturity = 80 Blocks

TX Confirmation = 10 Blocks

MinimumStake Age = 36 Hours

No Maximum Stake Age

Unlimited Maximum PoS


Then some asshole forgot about the POW miners agreement BLOCK 100k 2LUX then 1LUX MN 1LUX POS. But, a liar is a liar...