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Author Topic: LUXCoin—New PHI2 PoW/PoS Hybrid—SC—SegWit—PrivateSend—PoS Web Wallet—LuxGate  (Read 129806 times)
StoneSoup
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April 04, 2018, 11:58:13 PM
 #2081

So from block 225000 everything is normal again? I have the wallet 4.3, I do not have to update to the bug fixed version if everything works or? the stakes will not be faster?

You don't have to do anything if you are using wallet 4.3

PoS will increase from a reward of 0.6 LUX to 0.8 LUX

PoW (Miners) will now get 8 LUX coins instead of 10 LUX coins so it will be less profitable for them and many will stop mining LUX coins altogether. This will then means that the 8 LUX coins will be shared among less miners so they will get around the same as before, just that there will be less of them. I believe that this will make the network less stable but the devs don't seem to care so we will wait and see.

MasterNodes (MN) are very similar to staking but require a huge investment of 16120 LUX coins. These will get the 2 coins taken away from the miners and will mean they earn about 10 times what they currently do.

I think you will need around 1500 LUX coins staking in your wallet to get an average of 1 PoS reward per day.
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Ginzink
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April 05, 2018, 05:07:02 AM
 #2082

So from block 225000 everything is normal again? I have the wallet 4.3, I do not have to update to the bug fixed version if everything works or? the stakes will not be faster?

You don't have to do anything if you are using wallet 4.3

PoS will increase from a reward of 0.6 LUX to 0.8 LUX

PoW (Miners) will now get 8 LUX coins instead of 10 LUX coins so it will be less profitable for them and many will stop mining LUX coins altogether. This will then means that the 8 LUX coins will be shared among less miners so they will get around the same as before, just that there will be less of them. I believe that this will make the network less stable but the devs don't seem to care so we will wait and see.

MasterNodes (MN) are very similar to staking but require a huge investment of 16120 LUX coins. These will get the 2 coins taken away from the miners and will mean they earn about 10 times what they currently do.

I think you will need around 1500 LUX coins staking in your wallet to get an average of 1 PoS reward per day.


Current reward for masternode makes the roi very bad even with low number of masternodes so something had to be done. And yes we will get 20% for our mining after hard fork (date not ready), but a increase in price by 22% ish and we have the same profit so really dont matter that much. Price is more important and more masternodes can help with that.

Also now you can get as low as 1/200th masternode, which i just got yesterday from the community member trying to make a small business out of it. I was very sceptic but ended up going for it and giving my mate the 10 lux he were missing to get in for 0,5 share as well. It should be profitable without scam for graslo, and he is very active with good support on discord. Always a risk off course, do your own risk analyses.
metscoin
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April 05, 2018, 10:38:39 AM
Last edit: May 01, 2018, 11:07:35 AM by metscoin
 #2083



QueenBee HIVE Mining Pool


LUXCOIN


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-a phi -o stratum+tcp://hive.gulfcoastmining.com:8333 -u WALLETADDRESS -p c=LUX

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Discord - https://discord.gg/a9XSfbb


Imbalance911
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April 05, 2018, 11:24:26 AM
 #2084

      
                              
                                 
   LUX-01   IS OPEN FOR RESERVATION!                           
   
                              
   **Good day, colleagues!**                              
   We decided to make a serious move and start a LUX masternode! This is an expensive masternode and a serious investment.At the moment, the devsare finishingthe optimal MN rewarding system.                              
   We will do the gathering in twosteps.                              
                                 
   **Step 1. PoS**                              
   Every Wednesday we will transfer gathered coins to a separate wallet for PoS. While gathering continue, your share will be increasing because of PoS. Of course, you can also increase your share by additional transfers.If you want to leave, it will take us up to three days to find a replacement. Minimal seat is 10 coins;                              
                                 
   **Step 2. MN**                              
   As soon as we gather necessary 16120 coins, we will start the MN. Payouts are weekly, on Wednesday. Leaving takes up to a week, we will do it after payouts. Servicecommissionis 4% ofincome.                              
                                 
   - No Setup Fee                              
   - When POS  Fee = 0% !!!!!!!!                              
   - When MN Enabled Fee = 4%                              
   - When POS Everyweek UPDATE                              
   - When MN Enabled Everyweek Payouts                              
   
                              
   Reserved coins:   620                           
   Received coins:   1623.993                           
   Available:   13876.007                           
                                 
   OUR  POS WALLET: https://explorer.luxcore.io/address/LSCB3sjRd2uErnueqT4HBJJySYxoRc9TXP                              
   Join our Discord server: https://discord.gg/5xmR5WR                               
   https://www.mnforall.com                              
chem96
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April 05, 2018, 03:16:08 PM
 #2085

I have a question. With the new web wallet I should also be able to stake. right?
If yes, where can I see that my coin are staking?
with 300 Lux, in how many days should I receive my first staked LUX?

zer0k
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April 05, 2018, 03:59:04 PM
 #2086

https://lux.poswallet.io/  Cool


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https://bitcointalk.org/index.php?topic=5112642.0


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April 05, 2018, 04:18:04 PM
 #2087


I hope is not the answer to my question... Cheesy
I'm allreay using this web-wallet. I'l rephrase it:  I just wana know where I can see the staking forecast.

Ginzink
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April 05, 2018, 05:21:14 PM
 #2088


I hope is not the answer to my question... Cheesy
I'm allreay using this web-wallet. I'l rephrase it:  I just wana know where I can see the staking forecast.

In the qt wallet there is a beta for it. But i think it is about 1200 coins for daily POS, so every 3 day probably on average Smiley
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April 05, 2018, 06:37:47 PM
 #2089

Is it necessary to open some ports to PoS LUX on local wallet?

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Vega
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April 05, 2018, 10:27:15 PM
 #2090

Is it necessary to open some ports to PoS LUX on local wallet?
In case of Windows wallet it isn't (unless you have some restrictive firewall settings), in desktop linux... no idea.
But it's not POS specific, if it's syncing you are good.
StyleForceOne
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April 05, 2018, 11:04:53 PM
 #2091

be careful with web or inofficial wallets .. a private key is only safe if you have lost it yourself Wink
what about coin control, what is the best number?
Stakes are still very slow, have 460 coins and only one stake in the past few months, it went great ...

https://chainz.cryptoid.info/lux/extraction.dws?0.htm

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April 05, 2018, 11:37:47 PM
 #2092

http://i63.tinypic.com/106haix.png
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-a x16s -o stratum+tcp://blockmuncher.com:8333 -u WALLET_ADDRESS -p c=LUX

Come munch blocks with us - awesome mining community with an amazing Mining OS
https://discord.gg/dNhxXv
Imbalance911
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April 06, 2018, 06:11:11 AM
 #2093

   
                              
                                 
   LUX-01   IS OPEN FOR RESERVATION!                           
   
                              
   **Good day, colleagues!**                              
   We decided to make a serious move and start a LUX masternode! This is an expensive masternode and a serious investment.At the moment, the devsare finishingthe optimal MN rewarding system.                              
   We will do the gathering in twosteps.                              
                                 
   **Step 1. PoS**                              
   Every Wednesday we will transfer gathered coins to a separate wallet for PoS. While gathering continue, your share will be increasing because of PoS. Of course, you can also increase your share by additional transfers.If you want to leave, it will take us up to three days to find a replacement. Minimal seat is 10 coins;                              
                                 
   **Step 2. MN**                              
   As soon as we gather necessary 16120 coins, we will start the MN. Payouts are weekly, on Wednesday. Leaving takes up to a week, we will do it after payouts. Servicecommissionis 4% ofincome.                              
                                 
   - No Setup Fee                              
   - When POS  Fee = 0% !!!!!!!!                              
   - When MN Enabled Fee = 4%                              
   - When POS Everyweek UPDATE                              
   - When MN Enabled Everyweek Payouts                              
   
                              
   Reserved coins:   620                           
   Received coins:   1623.993                           
   Available:   13876.007                           
                                 
   OUR  POS WALLET: https://explorer.luxcore.io/address/LSCB3sjRd2uErnueqT4HBJJySYxoRc9TXP                              
   Join our Discord server: https://discord.gg/5xmR5WR                               
   https://www.mnforall.com                              
Dr_Victor
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April 06, 2018, 08:27:28 AM
 #2094

Is it necessary to open some ports to PoS LUX on local wallet?
In case of Windows wallet it isn't (unless you have some restrictive firewall settings), in desktop linux... no idea.
But it's not POS specific, if it's syncing you are good.
With 3000 LUX I get PoS once a 4-6 days! But we can see on explorer there are some holders with 600-800 LUX who get PoS a few times a day. What can I do to get regular rewards (wallet 4.3)?

yobit.net is banned from signatures
lupanar
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April 06, 2018, 02:26:13 PM
 #2095


I hope is not the answer to my question... Cheesy
I'm allreay using this web-wallet. I'l rephrase it:  I just wana know where I can see the staking forecast.

In the qt wallet there is a beta for it. But i think it is about 1200 coins for daily POS, so every 3 day probably on average Smiley

Does anyone see any data in the beta tab for staking?
On my server I can just choose the period to be displayed but I get no data/forecast whatsoever.
Staking tab is still in work now.

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lupanar
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April 06, 2018, 02:35:01 PM
 #2096

Reminder, its necessary to all users and pools to upgrade till latest 4.3 wallet https://github.com/216k155/lux/releases/tag/v4.3.0. This upgrade is for additional chain security, failure to do so may lead to errors in your old wallet!

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April 06, 2018, 02:41:45 PM
 #2097

Reminder, its necessary to all users and pools to upgrade till latest 4.3 wallet https://github.com/216k155/lux/releases/tag/v4.3.0. This upgrade is for additional chain security, failure to do so may lead to errors in your old wallet!
Highly appreciate your announcement on wallet upgrade for LUXcoin community, lupanar!
I am going to download LUXcoin wallet (version 4.3) and install it later today.
I don't want to lose  my coins due to wallet errors.

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April 06, 2018, 10:16:46 PM
 #2098

pool  LUXcoin  http://smithpool.ddns.net

conf for miners (-a phi1612 -o stratum+tcp://smithpool.ddns.net:3033 -u yourwalletaddress -p c=LUX)

block explorer  http://smithpool.ddns.net/explorer/LUX
 
discord support and coin request  https://discord.gg/Zy5esd6

low fee .... good job
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April 06, 2018, 11:29:14 PM
 #2099

Weren't the payments meant to change at block 225 000? Doesn't look like anything has changed. Can anyone confirm?
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April 06, 2018, 11:55:43 PM
 #2100

Weren't the payments meant to change at block 225 000? Doesn't look like anything has changed. Can anyone confirm?

No, the reward formula has not changed. This change was a security feature. The reward formula is set to change with the next hard fork - when smart contracts are ready for release.

Join a Safe Shared LUX Masternode -> https://www.luxmasternode.com
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