StoneSoup
Newbie
 Offline
Activity: 225
Merit: 0
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April 04, 2018, 11:58:13 PM |
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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 |
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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. |
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metscoin
Jr. Member
Offline
Activity: 98
Merit: 1
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April 05, 2018, 10:38:39 AM
Last edit: May 01, 2018, 11:07:35 AM by metscoin |
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QueenBee HIVE Mining Pool LUXCOIN Pool: https://hive.gulfcoastmining.com/Hourly Payouts Pool pays all transaction fees Low Payouts: 0.01 | 0.001 on Sundays Hosted on Google's best-in-class Cloud Sample mining string: -a phi -o stratum+tcp://hive.gulfcoastmining.com:8333 -u WALLETADDRESS -p c=LUX FOR POOL MINING SUPPORT AND COMMUNITY, JOIN OUR DISCORD Discord - https://discord.gg/a9XSfbb
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Imbalance911
Member
Offline
Activity: 102
Merit: 10
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April 05, 2018, 11:24:26 AM |
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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
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chem96
Full Member
Offline
Activity: 1330
Merit: 217
https://lifinity.io/
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April 05, 2018, 03:16:08 PM |
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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?
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zer0k
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April 05, 2018, 03:59:04 PM |
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chem96
Full Member
Offline
Activity: 1330
Merit: 217
https://lifinity.io/
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April 05, 2018, 04:18:04 PM |
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I hope is not the answer to my question...  I'm allreay using this web-wallet. I'l rephrase it: I just wana know where I can see the staking forecast. |
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Ginzink
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April 05, 2018, 05:21:14 PM |
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I hope is not the answer to my question... 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  |
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Dr_Victor
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April 05, 2018, 06:37:47 PM |
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Is it necessary to open some ports to PoS LUX on local wallet?
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yobit.net is banned from signatures
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Vega
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April 05, 2018, 10:27:15 PM |
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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. |
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StyleForceOne
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April 05, 2018, 11:04:53 PM |
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be careful with web or inofficial wallets .. a private key is only safe if you have lost it yourself  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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sp3shal
Newbie
Offline
Activity: 34
Merit: 0
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April 05, 2018, 11:37:47 PM |
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Imbalance911
Member
Offline
Activity: 102
Merit: 10
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April 06, 2018, 06:11:11 AM |
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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
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Dr_Victor
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April 06, 2018, 08:27:28 AM |
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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
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lupanar
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April 06, 2018, 02:26:13 PM |
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I hope is not the answer to my question... 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 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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tuanytcc
Member
Offline
Activity: 476
Merit: 14
Bcnex - The Ultimate Blockchain Trading Platform
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April 06, 2018, 02:41:45 PM |
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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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StoneSoup
Newbie
Offline
Activity: 225
Merit: 0
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April 06, 2018, 11:29:14 PM |
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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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webchris
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April 06, 2018, 11:55:43 PM |
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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. |
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