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?
I'm quite aware of the maths. The problem is the number of miners will be reduced. You simply cannot reduce the reward and maintain the number of miners. This weakens the network, does NOT strengthen it.
The LUX nodes cost literally hundreds of thousands of dollars so most miners will not want to invest that much in one coin so that just leaves them to the very wealthy. This is a coin for the already wealthy.
Masternodes will start to pop up more and more until they become borderline unprofitable. They will lock in coins that will then not be in the ecosystem and the coin will basically hardly be traded. All other coins will be locked up in wallets as pos. This coin will lack trade and the price will continue it's precipitous fall. This will make make those who invested in the masternodes at a higher price very unhappy.
People need to realise that here are no shortcuts here and when you play around with the variables of a coin, you risk fucking it up big time. I believe that the devs have done just that. Given how they fucked up so big with the wallet issue and the coding fail, I can't say I'm terribly surprised that they made another bad decision.
I would really love to see a fork (or clone) of this coin as it has so much potential but not sure if that will happen.
I am expecting/hoping the price will go up in a while as people buy coins to get a masternode and then I will sell all my coins. After that, I expect the coin to fall slowly but consistently to well below a dollar. This will be because the number of masternodes will increase to the point that earnings will be minimal and the investment is just too great all while there is little movement on trade since iners are no longer injecting new coins into the system at the same rate and instead putting the coins into mn or pos.
What a shame this most excellent coin became a shitcoin
