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

[lupanar]

We are very excited to open our truly decentralized p2p exchange Luxgate for beta testing! To be a part of the closed beta, RT this post ( https://twitter.com/LUX_COIN/status/1178741805858340866?s=20 ) and tell us why we should choose you! We will select 20 people who participate within the next 48hrs. Make sure to follow us so we can DM!

[1714880012]

1714880012

[lupanar]

As the 3rd quarter wraps up and we enter Q4, we wanted to update you on our progress. Please take some time to read the full Luxcore Q3 Update

 https://medium.com/luxcore/luxcore-q3-update-9c59a6956234




There's a lot coming in the next quarter we are very excited about! Thank you for being a part of this community!

[lupanar]

Hard Fork on November
https://coindar.org/en/event/luxcoin-lux-hard-fork-24102

Exact date of algo change wasn't setted up yet, its matter of few weeks according to recent announcement and that is mean it can be pushed earlier, in October, or, in force-majeure case, in December. Not exactly in November. So, to avoid confusion, I suggest do not rush with such ETA announcement and wait for official information reagarding algo change from our team. Thanks for understanding and for your contribution

[taxx69xx]

Hello. Will the algorithm change soon? I purchased 1000LUX. I want to do POS mining. Should I wait for a while? (What is the minimum number eligible for POS mining?) Also, if the algorithm changes, the master node requirements and ROI also change?
Thank you.

[lupanar]

Hello. Will the algorithm change soon? I purchased 1000LUX. I want to do POS mining. Should I wait for a while? (What is the minimum number eligible for POS mining?) Also, if the algorithm changes, the master node requirements and ROI also change?
Thank you.

Hey. As I mentioned above, algo change will occur in next few weeks, we will let community know exact date in advance.
About staking, there is minimum 90 coins required for staking and you can do it by 2 ways, via QT wallet which should be opened 24/7 and connected with net or via our POS web wallet https://lux.poswallet.io/. Main advantage of web wallet is in no need of keeping wallet opened, just send (or import private key) the coins to web wallet and it will start staking automatically. So up to you which way to choose. Useful info regarding staking process can be found here https://docs.luxcore.io/docs/what-is-staking.
MN reqs and its ROI won't be affected after algo change. Here is more about that upcoming event https://medium.com/luxcore/luxcore-algorithm-change-to-rx2-a-randomx-derivative-c55638bb960

[taxx69xx]

Hello. Will the algorithm change soon? I purchased 1000LUX. I want to do POS mining. Should I wait for a while? (What is the minimum number eligible for POS mining?) Also, if the algorithm changes, the master node requirements and ROI also change?
Thank you.

Hey. As I mentioned above, algo change will occur in next few weeks, we will let community know exact date in advance.
About staking, there is minimum 90 coins required for staking and you can do it by 2 ways, via QT wallet which should be opened 24/7 and connected with net or via our POS web wallet https://lux.poswallet.io/. Main advantage of web wallet is in no need of keeping wallet opened, just send (or import private key) the coins to web wallet and it will start staking automatically. So up to you which way to choose. Useful info regarding staking process can be found here https://docs.luxcore.io/docs/what-is-staking.
MN reqs and its ROI won't be affected after algo change. Here is more about that upcoming event https://medium.com/luxcore/luxcore-algorithm-change-to-rx2-a-randomx-derivative-c55638bb960

Thank you. Is the latest version of OSX wallet 5-3-3?
Web wallet is scary, 
so use normal DL-wallet.

[lupanar]

Thank you. Is the latest version of OSX wallet 5-3-3?
Web wallet is scary, 
so use normal DL-wallet.

5.3.3 is latest, yes.
Nothing to be scared of as long as you keeping your private keys in safe place. Also web wallet based on AWS servers and its quite secure. Anyway up to you 

BTW, here is couple of POS Web Wallet introduction videos just in case
https://youtu.be/sGIKJvWs84o
https://youtu.be/GVQ-cEOZ1Y8

[taxx69xx]

Thank you. Is the latest version of OSX wallet 5-3-3?
Web wallet is scary, 
so use normal DL-wallet.

5.3.3 is latest, yes.
Nothing to be scared of as long as you keeping your private keys in safe place. Also web wallet based on AWS servers and its quite secure. Anyway up to you 

BTW, here is couple of POS Web Wallet introduction videos just in case
https://youtu.be/sGIKJvWs84o
https://youtu.be/GVQ-cEOZ1Y8

Hello. I started 1MN yesterday. It works very well. I want to ask three questions
A) Is it possible to move staking at the same time with a wallet for MN? Do I have to prepare at the same time?
B) I am interested in the word parallel master node. What is the function? In this context, is it possible to run multiple MNs on a single PC with parallel master nodes?
C) Does 2MN and 3MN increase reward yield compared to 1MN? Do you have such a plan in the future?

[lupanar]

Hello. I started 1MN yesterday. It works very well. I want to ask three questions
A) Is it possible to move staking at the same time with a wallet for MN? Do I have to prepare at the same time?
B) I am interested in the word parallel master node. What is the function? In this context, is it possible to run multiple MNs on a single PC with parallel master nodes?
C) Does 2MN and 3MN increase reward yield compared to 1MN? Do you have such a plan in the future?

Hi. Answering your questions:
A) No, you cant staking the coins that stored in MN, either staking or MN but not both
B) Parallel Masternode(PMN) is not like usual MN, its related with another our product that calls Decentralized File System(DFS). More information about you can find here https://medium.com/luxcore/luxcore-announces-plans-for-decentralized-file-storage-system-on-parallel-masternode-network-a7fd57959017
C) Not sure what plan you mean, but yes, more MNs = more income

[lupanar]

Luxcore developer Giaki is featured in a brand new podcast from ITK Crypto. Giaki discusses lots of fascinating topics including Smart Contract scaling, Schnorr signatures, and decentralized file system (DFS).

Give it a listen at https://www.youtube.com/watch?v=nhTgvi1GeQc

https://twitter.com/LUX_COIN/status/1185216790474973185?s=20

[lupanar]

We have posted new update covering some recent Luxcore accomplishments and giving you some insight into what we've been up to! Q4 has been one of the biggest yet for the Luxcore team and network. In the past month, we’ve rolled out our algorithm crossover to RX2 (a RandomX derivative) and begun pool and miner integration, launched the highly anticipated LuxGate Beta for user testing, and seen several core members help spread the Luxcore message through appearances on podcasts and other media. Check out the full article to get more info about everything we’ve been working on as of late.

https://medium.com/luxcore/luxcore-september-october-update-what-weve-accomplished-so-far-c790383d72ba



https://twitter.com/LUX_COIN/status/1186680200173707264?s=20

[lupanar]

At the end of Q3 we announced a new monthly "Meet the Team" article. We posted a poll on Twitter of who the community wanted to hear about first and Sebastian (@Cheaterflums | Sebi) won the poll! Sebi is working hard on Luxgate but he took the time to answer some questions about himself, his work with Luxcore, and even how the Luxgate beta is going. Give it a read and please take the time to thanks Sebi for his hard work and dedication! He's really an asset to our team.

https://medium.com/luxcore/meet-the-team-feat-sebastian-berger-72416b44bf2b

We hope to bring you a new Meet the Team article each month, so keep an eye out for the next article!

https://twitter.com/LUX_COIN/status/1187396925982724096?s=20

[lupanar]

We are excited to share the first, but not the last, project that will be listed at our P2P decentralized exchange LUXGATE. More to come 





https://twitter.com/LUX_COIN/status/1192165898347597825?s=20

[lupanar]

We are announcing some changes coming to the Proof-of-Stake web wallet that will enable us to provide a better service and future development.
To understand more about these changes, check out the article here:

https://medium.com/luxcore/luxcore-proof-of-stake-web-wallet-update-532733021cf3

https://twitter.com/LUX_COIN/status/1192506743936442369?s=20

[evo-1080]

We are announcing some changes coming to the Proof-of-Stake web wallet that will enable us to provide a better service and future development.
To understand more about these changes, check out the article here:

https://medium.com/luxcore/luxcore-proof-of-stake-web-wallet-update-532733021cf3

https://twitter.com/LUX_COIN/status/1192506743936442369?s=20

Very weird decision.

Now you affraid small investors, and a huge percentage is now not going to use the webwallet, and it was promised that it would be a free service for all luxholders.

That you are going to charge a percentage more of the amount staked, is considerble, but not going to charge out of nothing everyone $1,50 for a service that was promised for free.

Look at the charts, every luxcoin investor is squeezed until their was nothing left, people lost massive amounts of money, and than this just to squeeze a little extra from your loyal fanbase, i think it is unrespectful and very rude.

A percentage of the coins that are newly generated is ok, FOR EVERY STAKED LUXCOIN YOUR TEAM IS ALREADY RECEIVING A PERCENTAGE, but now you are pushing people to buy more coins because otherwise staking costs only money for small investors, so you want to push people in buying more coins, so they generate enough to cover that $1,50 a month, so your team can sell your sh*tload of coins that are ready to be sold.

THIS IS NOT THE WAY TO DO BUSINESS

VERY RUDE AND UNRESPECTFULL TO YOUR LOYAL FANBASE

[lupanar]

Very weird decision.

Now you affraid small investors, and a huge percentage is now not going to use the webwallet, and it was promised that it would be a free service for all luxholders.

That you are going to charge a percentage more of the amount staked, is considerble, but not going to charge out of nothing everyone $1,50 for a service that was promised for free.

Look at the charts, every luxcoin investor is squeezed until their was nothing left, people lost massive amounts of money, and than this just to squeeze a little extra from your loyal fanbase, i think it is unrespectful and very rude.

A percentage of the coins that are newly generated is ok, FOR EVERY STAKED LUXCOIN YOUR TEAM IS ALREADY RECEIVING A PERCENTAGE, but now you are pushing people to buy more coins because otherwise staking costs only money for small investors, so you want to push people in buying more coins, so they generate enough to cover that $1,50 a month, so your team can sell your sh*tload of coins that are ready to be sold.

THIS IS NOT THE WAY TO DO BUSINESS

VERY RUDE AND UNRESPECTFULL TO YOUR LOYAL FANBASE

Nothing weird, just business decision. Web Wallet never was free, team has mantained and pay for it since launch from their own pocket, but they cannot anymore since more than 3k of registered accounts demand a lot of server resources and accordingly expensive. And decision of deduction $1.5 worth of lux per month from not empty account, which btw not much, is coming from this.
For everyone who disagree with this change there is always free option of staking/using luxcoins via desktop QT wallet that can be found here https://github.com/LUX-Core/lux/releases/tag/v5.3.3
Just enough to withdraw the coins from web wallet to qt or export private keys with deleting from web wallet(https://docs.luxcore.io/docs/web-wallet-migrate-to-qt)
Thanks for undestanding in advance

[evo-1080]

Very weird decision.

Now you affraid small investors, and a huge percentage is now not going to use the webwallet, and it was promised that it would be a free service for all luxholders.

That you are going to charge a percentage more of the amount staked, is considerble, but not going to charge out of nothing everyone $1,50 for a service that was promised for free.

Look at the charts, every luxcoin investor is squeezed until their was nothing left, people lost massive amounts of money, and than this just to squeeze a little extra from your loyal fanbase, i think it is unrespectful and very rude.

A percentage of the coins that are newly generated is ok, FOR EVERY STAKED LUXCOIN YOUR TEAM IS ALREADY RECEIVING A PERCENTAGE, but now you are pushing people to buy more coins because otherwise staking costs only money for small investors, so you want to push people in buying more coins, so they generate enough to cover that $1,50 a month, so your team can sell your sh*tload of coins that are ready to be sold.

THIS IS NOT THE WAY TO DO BUSINESS

VERY RUDE AND UNRESPECTFULL TO YOUR LOYAL FANBASE

Nothing weird, just business decision. Web Wallet never was free, team has mantained and pay for it since launch from their own pocket, but they cannot anymore since more than 3k of registered accounts demand a lot of server resources and accordingly expensive. And decision of deduction $1.5 worth of lux per month from not empty account, which btw not much, is coming from this.
For everyone who disagree with this change there is always free option of staking/using luxcoins via desktop QT wallet that can be found here https://github.com/LUX-Core/lux/releases/tag/v5.3.3
Just enough to withdraw the coins from web wallet to qt or export private keys with deleting from web wallet(https://docs.luxcore.io/docs/web-wallet-migrate-to-qt)
Thanks for undestanding in advance

Total bullsh*t in my eyes.

Why not charge a percentage more to the customers of the webwallet, and keep the service free?

The only thing what you are now doing, is scare new investors, and push the investors that are already in lux to buy more coins...

What is actually the staking rate? how much percent you get each year when you stake?

And what if the price of lux at this moment goes from $0,15 to $0,01? than people need to buy 15 times more what they already have to cover the $1,50 each month to pay for the webwallet. because people than need not 10 lux but 150 lux each month to pay for the webwallet

How much luxcoins are needed at this moment to pay the equivelant of $1,50 (10 lux) ?

[lupanar]

Total bullsh*t in my eyes.

Why not charge a percentage more to the customers of the webwallet, and keep the service free?

The only thing what you are now doing, is scare new investors, and push the investors that are already in lux to buy more coins...

What is actually the staking rate? how much percent you get each year when you stake?

And what if the price of lux at this moment goes from $0,15 to $0,01? than people need to buy 15 times more what they already have to cover the $1,50 each month to pay for the webwallet. because people than need not 10 lux but 150 lux each month to pay for the webwallet

How much luxcoins are needed at this moment to pay the equivelant of $1,50 (10 lux) ?

As I said the decision was made from business perspective and $1,5 worth of lux, which currently about 8.3 lux, per month I believe is small and necessary fee to keep service alive.
If the price theoretically from current $0.18 goes to $0.01 we will consider to make a fee change.
And again, people who disagree with this changes doesn't need to pay any fee, just enough shift the coins from Web to QT wallet by follow this guide https://docs.luxcore.io/docs/web-wallet-migrate-to-qt

[lupanar]

We are excited to announce the next launch partner for our fully-decentralized LUXGATE cryptocurrency exchange platform: @SinovateChain!
Watch for $SIN and other coins available to trade on Luxgate here
https://luxgate.io



https://twitter.com/LUX_COIN/status/1194736924948389891?s=20

[EggdraSyl]

Hi,

Can someone give me a valid invit to your discord?

All I found (website, poswallet support link, sigs here....) are invalid.

Do you still have a discord?