[ANN][CPU-mining] ★★ LJCOIN ★★ [LIVEJOURNAL]

[SkyStation3]

Well, I wasn't able to 'fix' the issue with the pool (but will be looking into that longer term as no point having miners with difficulties higher than a coins difficulty), there was basically too much hash power being provided vs the difficulty of the coin. I  increased the rate at which the pool finds blocks dramatically so the difficulty will increases the payouts will become 'Normal'.

My apologies to everyone negatively impacted by this, but the issue is really with the difficulty being so low.

EDIT:

I feel that people should get an explanation as to what 'occured'.

With difficulty being too low the pool was not accepting all the hash power being given to it, a fair % of the hash power was being 'thrown away', not doing so would have overloaded the pool with all the work being submitted miners, the pool and the coin daemon would not have been able to handle the load either without being on a supercomputer or something.
Miners were all being paid for the % of work overall that was not being 'thrown away', so in example above where user got 0.3 coins after finding 20 blocks (which should have been around 1000 coins) that is due to the pool overall was only accepting 0.03% of work. (The TTF of the coin at that point was less than 1 second (pool was showing 0 with rounding), so the pool would have had to have been processing many blocks per second in order to process all the hash rate)

Now that the difficulty is reaching a 'sane' level compared to the hash power being provided to the coin the pool is accepting more valid work and running normally.

[1714104164]

1714104164

[1714104164]

1714104164

[1714104164]

1714104164

[1714104164]

1714104164

[1714104164]

1714104164

[1714104164]

1714104164

[phabulu]

Started mining, but what is the plans for this coin ?

[PotatoPants]

Started mining, but what is the plans for this coin ?

Mine and Dump for a Sat if we're all lucky I assume

[albertorm2]

Well, I wasn't able to 'fix' the issue with the pool (but will be looking into that longer term as no point having miners with difficulties higher than a coins difficulty), there was basically too much hash power being provided vs the difficulty of the coin. I  increased the rate at which the pool finds blocks dramatically so the difficulty will increases the payouts will become 'Normal'.

My apologies to everyone negatively impacted by this, but the issue is really with the difficulty being so low.

EDIT:

Basically, with difficulty being too low the pool was not accepting all the hash power being given to it, a fair % was being 'thrown away' otherwise it would have basically caused the pool to be ddos'd by miners, the pool and the coin daemon itself would not have been able to handle the load either without being on a supercomputer or something.
Miners were all being paid for the % of work overall that was not being 'thrown away', so in example above where user got 0.3 coins after finding 20 blocks (which should have been around 1000 coins) that is due to the pool overall was only accepting 0.03% of work.

Now that the difficulty is reaching a 'sane' level compared to the hash power being provided to the coin the pool is accepting more valid work and running normally.

Thanks for your update.

I guess people doesn't read... They see new scrypt coin and go mine.

I am solo mining now, maybe will back to your pool later.

[SkyStation3]

Thanks for your update.

I guess people doesn't read... They see new scrypt coin and go mine.

I am solo mining now, maybe will back to your pool later.

Your welcome and you are right, the real winners would have been the people solo-mining and finding their own blocks during that time instead of getting a sub-percentage of the accepted hash power at a pool.

[charlesb06]

50'000 LJC for 0.1BTC

PM ME

[misospider]

Easy mining 

[Bitexchange2018]

Ljcoin added on bitexchange.fr

[mark949]

Well, I wasn't able to 'fix' the issue with the pool (but will be looking into that longer term as no point having miners with difficulties higher than a coins difficulty), there was basically too much hash power being provided vs the difficulty of the coin. I  increased the rate at which the pool finds blocks dramatically so the difficulty will increases the payouts will become 'Normal'.

My apologies to everyone negatively impacted by this, but the issue is really with the difficulty being so low.

EDIT:

Basically, with difficulty being too low the pool was not accepting all the hash power being given to it, a fair % was being 'thrown away' otherwise it would have basically caused the pool to be ddos'd by miners, the pool and the coin daemon itself would not have been able to handle the load either without being on a supercomputer or something.
Miners were all being paid for the % of work overall that was not being 'thrown away', so in example above where user got 0.3 coins after finding 20 blocks (which should have been around 1000 coins) that is due to the pool overall was only accepting 0.03% of work.

Now that the difficulty is reaching a 'sane' level compared to the hash power being provided to the coin the pool is accepting more valid work and running normally.

Thanks for your update.

I guess people doesn't read... They see new scrypt coin and go mine.

I am solo mining now, maybe will back to your pool later.

Will not you help set up solo mining? mining_proxy dont work....

[Many Coins]

Edit: Oh, so you have a 2/3 premine of the whole supply? Wow.

This is part of the marketing program.

[Many Coins]

Is there a block explorer?

One of these days will be

[Many Coins]

could you add linux cli wallet?

You can compile it from source in minutes

[Many Coins]

Ljcoin added on bitexchange.fr

Added to top post

Thank you!

[mark949]

Ljcoin on exchange: http://bitexchange.fr/index.php?c=LJC_BTC&iid=9 (not affiliated with)

bitexchange.fr - A very suspicious exchange, apparently for collecting other people's coins, there are no trades at all, glasses are empty ..

[mark949]

on the pools (notohash.club and youcrazy.me ) different blocks, you have a dual network network!
Which one is correct?

[Many Coins]

50'000 LJC for 0.1BTC

PM ME

Pizza Day detected! 

[Many Coins]

Ljcoin on exchange: http://bitexchange.fr/index.php?c=LJC_BTC&iid=9 (not affiliated with)

bitexchange.fr - A very suspicious exchange, apparently for collecting other people's coins, there are no trades at all, glasses are empty ..

Maybe just a startup...

BTW, "not affiliated with" 

[khanhnv6]

Ljcoin on exchange: http://bitexchange.fr/index.php?c=LJC_BTC&iid=9 (not affiliated with)

bitexchange.fr - A very suspicious exchange, apparently for collecting other people's coins, there are no trades at all, glasses are empty ..

Maybe just a startup...

BTW, "not affiliated with" 

I also think.

[mark949]

When will we see the project roadmap?

[Many Coins]

When will we see the project roadmap?

So far nowhere. Will be later.