LUXCoin—New PHI2 PoW/PoS Hybrid—SC—SegWit—PrivateSend—PoS Web Wallet—LuxGate

[lupanar]

You are right, Lupanar. Global hashrates decreased, in turn led to lower diff, hence more rewards for miners.

It is quite easy math. The profit for each miner often stays the same with changes like this as some miners leave.
Im not sure if i agree with how it was done, but still sticking around and mining.

The MN cost is too high in my opinion, but i knew about it before i started so cant really complain. But expressing ones opinion (polite) should always be welcome

How is the new wallet with POS enabled doing?

Depends of pool upgrading till latest daemon, think today they will be finally upgraded, at least most of them, and new wallet out as well.

[Bender957]

Now I agree with other posts... there is now something seriously wrong with this project. Sad to say.

Awww.. you just noticed 

[Bender957]

But yet your still here along with with Bender...

if we will leave who will tell truth to people? think about it

maybe scam devs? no

first sign that this project transformed to shit coins is that MN get more weight than miners

[xasana_14]

Bid: .00141934 LOL

it was .0032 a couple of weeks ago LOL

BTC was almost half the price at the time LOL, god, your thick

Actually, no. When LUX was 0.003+, it was not "a couple of weeks ago", as he said, but more like a month ago. January 21st to be precise, is when LUX went above 0.003, and January 13th before that. And at that time BTC was $11.5k and $14k respectively. So yeah, LUX price did drop a lot, ~ 2-3 times from the value it had a month ago, and even more than 3 times since 5 weeks ago (at least lux/usd pair). And when something goes down in price by 200% in just a month, people do tend to get angry and frustrated. That's probably why devs are changing the MN payout scheme, hoping to attract new investors that would bring the exchange rate higher than it is right now.

No, first and main goal is make the net more secure by adding bunch POW+MNs to existing POS+MNs, say if one bunch will be down for some reason another will be holding the net, + another goal is make Masternodes more attractive to investors , simple math telling that gain will be more then 1000% for MNs holders. Of course miners get hurts about 20% less income but some part of POW reward get to be sacrificed to please security purposes. On other hand there is increase in POS mining, 0.8 to miners instead 0.6 from every block, so POW losses will be partly compensated by POS gain. Anyway decision was made and it wont be changed.

And my decision to walk away from this shit coin won't be changed either. Inflexible dev team is a VERY bad sign. This after very bad FUCKUP with the wallets and suspending of POS.

You take away instead of just add. Already unprofitable to mine and now worse. No thank you, you can keep it and I will mine elsewhere and get better profits. You only care to make very rich people richer and that is a tiny number and you will not support your network better with less people mining. Hope you can survive with only MN.

Maybe better to change name of coin to TightAss Coin?

I'm afraid the developers of the project do not agree with your name TightAss, but I do not mind)

[skablast]

its just me
I can't connect here:

ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX

ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX

stratum not responding

with a couple of 1050 ti

Suggestion ?

[Riptide_NVN]

Not sure what the issue is with zergpool every time I join there is at least a few GH/s and then within a few hours everyone drops off but me.  Then I switch off to somewhere else.  Go back and check again several hours later and sometimes there are people there again other times no.  Every time I re-join I end up being the only one there after a couple hours.

People can't make up their minds on where they want to leave their hash.  lol

[vsrocks]

Wasn't new Wallet suppose to be release yesterday (Monday)?

[fiordnet]

its just me
I can't connect here:

ccminer -a phi -o stratum+tcp://futurecoins.club:6667 -u YOURWALLET -p c=LUX

ccminer -a phi -o stratum+tcp://pool.bsod.pw:6667 -u YOURWALLET -p c=LUX

stratum not responding

with a couple of 1050 ti

Suggestion ?

futurecoins.club has been down for weeks now...no one mines there..I asked bsod.pw because I had the same problem and they said it has to do something with spmod miner that I use and i should try another one. I went to yiimp. You can try whichever pool you like from the available ones..

[HardBlockMiner]

Not sure what the issue is with zergpool every time I join there is at least a few GH/s and then within a few hours everyone drops off but me.  Then I switch off to somewhere else.  Go back and check again several hours later and sometimes there are people there again other times no.  Every time I re-join I end up being the only one there after a couple hours.

People can't make up their minds on where they want to leave their hash.  lol

Zergpool is most profitable when you are using profit switching.  Most everyone is using sniffdog or nemos and since the pool is smaller they chase the lower block difficulty through several algos and the pool converts to the coin of their choosing.  You end up making a ton more than you would just mining a single coin.

[webchris]

I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).

See the full breakdown: https://luxmasternode.com

[face0ff06]

I so understand to stack senselessly?

[cod3rx]

How mining Luxcoin with NVIDIA good tutorials http://howmining.info/mine-lux-coin-nvidia/

[jelome198959]

I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).

See the full breakdown: https://luxmasternode.com

Oh wow, it's that much now? That's a big jump in % ROI for a seemingly 'small' change in PoW rewards. It was around 50% before now almost 300%.

[Riptide_NVN]

Zergpool is most profitable when you are using profit switching.  Most everyone is using sniffdog or nemos and since the pool is smaller they chase the lower block difficulty through several algos and the pool converts to the coin of their choosing.  You end up making a ton more than you would just mining a single coin.

Well that may explain why hash constantly comes and goes there.  No sense in sticking it out in their phi pool.  The consistency or lack thereof is a problem in my particular situation.

Thanks for the explanation.

[webchris]

I updated the math for my shared masternode returns. For a 161.2 LUX investment, the current estimates are 475.3021 LUX payout per year. This is assuming there are 22 masternodes (seems like current number ready to go).

See the full breakdown: https://luxmasternode.com

Oh wow, it's that much now? That's a big jump in % ROI for a seemingly 'small' change in PoW rewards. It was around 50% before now almost 300%.

Yeah, 20% of miner's 10 LUX is a lot more than the percent of staker's 1 LUX.

[bathrobehero]

This coin...

Ever since an upgrade from 3.0.x the wallet keeps forking, and;
RPC mining was removed as a result of mindlessly upgrading the wallet to a newer version (so solomining doesn't work with default mining software causing centralization);
https://explorer.luxcoin.xyz is stuck;
Half the pools doesn't work anymore but the OP isn't updated;

It would be nice if the wallet had a warning if there's a newer mandatory version available and if it's likely on a wrong fork (hash comparison vs block explorers?).

[crypto_tricky]

Hi everybody  

Would anyone have a vague idea on how much LUX / month i could get mining with a single GTX 1050 2GB card, or a 1050 Ti 4GB one ? And their hash rates?

Thx!!  

[Bender957]

lol

Volume: 19.23657351BTC

Last price 0.00115001

shit coin out market really fast

[StoneSoup]

Bid: .00141934 LOL

it was .0032 a couple of weeks ago LOL

BTC was almost half the price at the time LOL, god, your thick

Actually, no. When LUX was 0.003+, it was not "a couple of weeks ago", as he said, but more like a month ago. January 21st to be precise, is when LUX went above 0.003, and January 13th before that. And at that time BTC was $11.5k and $14k respectively. So yeah, LUX price did drop a lot, ~ 2-3 times from the value it had a month ago, and even more than 3 times since 5 weeks ago (at least lux/usd pair). And when something goes down in price by 200% in just a month, people do tend to get angry and frustrated. That's probably why devs are changing the MN payout scheme, hoping to attract new investors that would bring the exchange rate higher than it is right now.

No, first and main goal is make the net more secure by adding bunch POW+MNs to existing POS+MNs, say if one bunch will be down for some reason another will be holding the net, + another goal is make Masternodes more attractive to investors , simple math telling that gain will be more then 1000% for MNs holders. Of course miners get hurts about 20% less income but some part of POW reward get to be sacrificed to please security purposes. On other hand there is increase in POS mining, 0.8 to miners instead 0.6 from every block, so POW losses will be partly compensated by POS gain. Anyway decision was made and it wont be changed.

Your failing on your first goal, you've taken 20% of the miners reward. How is that attractive to POW?! Miners have real world expenses to hardware and electricity and need that 20%, Rich Masternode holders can buy in and sell out in a moments notice breaking even or making profit, if they feel fit to do so. Reducing miners ability to earn and obtain a master node, but increasing the existing MN holders ability to more easily hold more MN's and the ability to dump without hesitation.

There is some seriously shady things seemingly going on behind the scenes here.

"Discord"
lethax - Today at 10:08 PM
yes
4.1.0 and down has 14 masternodes online currently

I can no longer support a coin which will not support its community, but feel that it should cater to  14 major holders, which threatens the smaller community members in profit and volume.

But yet your still here along with with Bender...

[smycer]

PoS  and MN payments have been re-activated.
Hybrid MN and PoW reward restructuring announced yesterday will happen at a specific height which will be communicated in the coming days - Previous reward structure is still valid until this switch (0.6 for PoS and 0.4 for MN).
We have implemented ZeroMQ protocol with this wallet release for Block & Transaction Broadcasting.

New Wallets with Staking enabled are here! : https://github.com/216k155/lux/releases/tag/v4.2.0
You will need the new wallets for staking and MN payments to work, so please upgrade at the earliest

Do backup your wallet.dat before install, if forced to reindex/rescan, please follow through.

Upcoming changes in the next version:
- Full Coin control features

Enjoy your Staking and MN rewards! Thank you for your support and patience!