[ANN][2POW] Luck - A new consensus algorithm to eliminate large mining pools

[coinlatte]

Now, plotting function returns true, but there are no files in the plotting directory. Also, is it possible to connect through Tor? I am guessing that if I am not connected, plotting will not start. I can see zero peers in console messages, so I am guessing that is the root of my problems.

[Sherlock.Holmes]

Now, plotting function returns true, but there are no files in the plotting directory. Also, is it possible to connect through Tor? I am guessing that if I am not connected, plotting will not start. I can see zero peers in console messages, so I am guessing that is the root of my problems.

1、You should update your wallet first;
2、in your console，If you see {"code":0,"msg":"ok","current":10,"total":500,"name":"xxxxxx_xxxxx_xxxxx"},plotting is ok. else you should check your  plotting directory.
 
 
 

[coinlatte]

Now it works, but as I have less than 1 TB, I didn't mine any block so far.

[vjudeu]

I tried it with my setup that may sound silly, but still, I think we should expect such use cases in practice. So, I plotted 1 GB of my unused disk space (the rest is allocated for many different coins and other stuff), I chose 1 MB files, so there are 1024 pieces. As far as I can see, there are only a few blocks, between 10 and 20 in the whole network. There are just a few miners that own single coins, the rest consists of old coins from the first version of luck. Probably, only people with 1 TB or bigger hard disks mined anything so far in luck2.

So, if 1 TB is a must to mine something, I wonder how long it would take to form another kind of pool here. Now, the situation is as follows: those who has huge hard disks can mine anything and those who doesn't have won't solve a block or will have to wait for a very long time to get their first block. Conclusion: I expect that people having small unused hard disks on some Raspberry Pi devices, USB sticks and similar, will sooner or later create a pool. Then, 1024 miners having 1 GB each will form a pool with 1 TB storage. And then, each miner will receive 0.001 coin (or 0.00099 if we consider 1% fee for mining pool).

Again, as I said previously: from my perspective the problem is not in the mining algorithm. It is important of course, it decides what is and what isn't profitable. But the whole thing is about receiving something below block reward. I will repeat it again: if it would be possible for me to receive one satoshi per day, I would start using my CPU to mine Bitcoin and maybe leave all altcoins behind if it turns out to be more profitable to stick just with Bitcoin.

Going from Proof of Work to Proof of Stake solved some problems. We placed our coin in some kind of niche where there is not that much miners using similar consensus. So, we can expect it would take some time until big miners will come here. I still expect that most mining will be done on big server farms, where 1 TB storage is quite negligible and where that amount of data is produced daily.

To sum up: I don't expect any profits from solo mining, but maybe I will be active as an user of such coins. I think users should not have enormously big hard drives, assuming than they would want to run some kind of luck2 app on their smartphones and create transactions in this way. As this coin survived after failed hard-fork, I expect it still has some potential. I also noticed that deposits and withdrawals are active again on qTrade, are they sticking with the old chain, is it some kind of bug, are they playing with test coins, or something completely different is going on? I think that if someone paid for listing luck on qTrade, that should be handled as soon as possible.

[Sherlock.Holmes]

In response to the two days of testing and after technical discussions with the test miners, the following adjustments will be made to the test:
Without reducing the security of the system, the hard disk capacity requirement of a single node is reduced from more than 1T to between 10G-60G to meet the needs of a wider range of miners. Of course, larger capacity will bring additional, less obvious advantages.
The system for adjusting parameters is currently being tested, and the test chain will be restarted within 1 day.

In addition, the technical problems encountered by some miners during the plotting process are shared as follows:
1 Crash occurred during ploting.
Some miners perform plotting on multi-core machines and set the size of a single file to be too large, which leads to insufficient memory during the plotting process and crashes.
If crash occurs, it is recommended to delete all the hash files in the plotting directory and reset the parameters for plotting.

2 Cannot mine normally after plotting ends
There are two possible reasons for the failure of mining after plotting.
2.1 The wallet address used in the plotting process is inconsistent with the mining process.
2.2 Insufficient hard disk capacity.

[minerja]

Hi Dev,

Can you please post latest links to Windows / Linux compiled wallets and explorer.
(Might be a good idea to stick them on the first page also)
Thanks

[AllForOneA41]

Any deadline for mainnet ?

[Sherlock.Holmes]

The test chain has been restarted, and the hard disk capacity requirements have been reduced to between 10G-60G. Please download the latest wallet from the official website and start mining again. The nodes that have been plotting do not need to re-plotting.

Any deadline for mainnet ?

If everything goes well, the mainnet will be launched in early February.

Hi Dev,

Can you please post latest links to Windows / Linux compiled wallets and explorer.
(Might be a good idea to stick them on the first page also)
Thanks

Good suggestions.

[neguinho1]

I'm waiting for the wallet too

[Sherlock.Holmes]

I'm waiting for the wallet too

you can download the latest linux wallet at https://lucknet.club/wallets-luck2-test/luck2

For detailed usage, please see https://github.com/luck-coin/luckcoin/blob/master/wiki/miner_test.md

[neguinho1]

I'm waiting for the wallet too

you can download the latest linux wallet at https://lucknet.club/wallets-luck2-test/luck2

For detailed usage, please see https://github.com/luck-coin/luckcoin/blob/master/wiki/miner_test.md

windows I'm not familiar with linux

[vjudeu]

windows I'm not familiar with linux

Just use some virtual machine with some linux and run your miner from there. By the way, running miners on virtual machines is in general a good idea, because then you have full control over your resources and for example avoid burning your CPU if some suspected app will bypass some safety limits. More than that: because source code is not available yet, using virtual machine is also a good idea to be more secure against potentially malicious versions.

And if you don't want to run virtual machine, you can also use Windows Subsystem for Linux (WSL), it should also work.

[Sherlock.Holmes]

I'm waiting for the wallet too

you can download the latest linux wallet at https://lucknet.club/wallets-luck2-test/luck2

For detailed usage, please see https://github.com/luck-coin/luckcoin/blob/master/wiki/miner_test.md

windows I'm not familiar with linux

The Windows GUI of the testnet will be released within 2 days.

[Sherlock.Holmes]

At present, luck2-2POC's testnet is relatively stable. We have released the Windows GUI version of the mining program on the website. The testnet is still in progress. Welcome to to join in the test.
As the requirements for hard disks are reduced to 10G-60G, you do not need to carry hard disk capacity information when sending emails.

[tarsmozirko22]

At present, luck2-2POC's testnet is relatively stable. We have released the Windows GUI version of the mining program on the website. The testnet is still in progress. Welcome to to join in the test.
As the requirements for hard disks are reduced to 10G-60G, you do not need to carry hard disk capacity information when sending emails.

any ETA for the mainnet?

[Sherlock.Holmes]

Hello everyone, the first round of testing will be closed on February 10, 2021, current running is normal. the addresses for the first round of testing are as follows:
   "0x2d0d24a420ce11d50d73b2f98976ad262da6c8798da1c7cc3a",
        "0x971a0a01edaf5d97956eb9f157b56fa76e824e3bafb008f2fc",
        "0xd619d7d8738b59e9409c18b49502fc40a416c80f2e950a71c2",
        "0x0fe37439dff021c60c3ecf7d9511976a2df8ae9b0311b1c681",
        "0x9540db97c81de67d08fef2d60a1ccea41263a30772ce90a9e2",
        "0xd9ca77c51158fb9f0d420ada07c9e1a3448ce3566916fa0813",
        "0xd5af3ff0331ffd35850fb03063113be3a8a0a77e0f15de5e12",
        "0xba1448c2a4e20a2b485f6378176f46068fa6a1e0cb066589ab",
        "0x66c9b3ac22816cb6c7d16289e0cfffeb97250e1341934d536b",
        "0xc21df9b5f2d0ce29fca882d56164185b06759a6c85becd120f",
        "0xb5b5c64a9eafe02f83f004079418ea8b00b457490498a0a714",
        "0xd54bfd1f4a443811ac203ad740712fe3f9ca90ac9039275704"

The second round of testing will be started on February 11, closed on February 15, 2021.(the second round of testing will optimize some parameters.)

The miannet will be launched on February 18, 2021.

[neguinho1]

Hello everyone, the first round of testing will be closed on February 10, 2021, current running is normal. the addresses for the first round of testing are as follows:
   "0x2d0d24a420ce11d50d73b2f98976ad262da6c8798da1c7cc3a",
        "0x971a0a01edaf5d97956eb9f157b56fa76e824e3bafb008f2fc",
        "0xd619d7d8738b59e9409c18b49502fc40a416c80f2e950a71c2",
        "0x0fe37439dff021c60c3ecf7d9511976a2df8ae9b0311b1c681",
        "0x9540db97c81de67d08fef2d60a1ccea41263a30772ce90a9e2",
        "0xd9ca77c51158fb9f0d420ada07c9e1a3448ce3566916fa0813",
        "0xd5af3ff0331ffd35850fb03063113be3a8a0a77e0f15de5e12",
        "0xba1448c2a4e20a2b485f6378176f46068fa6a1e0cb066589ab",
        "0x66c9b3ac22816cb6c7d16289e0cfffeb97250e1341934d536b",
        "0xc21df9b5f2d0ce29fca882d56164185b06759a6c85becd120f",
        "0xb5b5c64a9eafe02f83f004079418ea8b00b457490498a0a714",
        "0xd54bfd1f4a443811ac203ad740712fe3f9ca90ac9039275704"

The second round of testing will be started on February 11, closed on February 15, 2021.(the second round of testing will optimize some parameters.)

The miannet will be launched on February 18, 2021.

how do I mine in the windows wallet.no know how to fill it

[Sherlock.Holmes]

how do I mine in the windows wallet.no know how to fill it

in windows wallet, you can click "plot", then fill in the correct parameters and click "submit".
the plotting process will take one hour.

But the first round of testing have been closed. you can wait for the second round of testing, which will be started on February 13, 2021

[vjudeu]

What about exchanges? Currently, qTrade supports only Luck v1, so are there any plans to add support for Luck v2 on qTrade? Also, as you can see, and as I told you before, hard forks are harmful. They need very high level of support from existing nodes, in other case it just can cause chain split, just because if node operators won't do anything, they will cause a split, even accidentally, just by lack of information about future version (that happened when upgrading to RandomX). More than that: if users are getting a lot of coins by using Luck v1, then they have no reason to upgrade to Luck v2.

So, the conclusion is: if mainnet is still not released and if there is a way to upgrade the network in a soft-fork way, maybe it should be done that way? And if not, then it is better to think about listing on exchanges sooner than later (unless you want to make it fully decentralized and support some kind of atomic swaps by default in the client, or maybe some kind of other decentralized trading). Discord trading is also an option, but then users should know how to do it correctly, how to use Escrow, etc.

TLDR: We should think about trading ahead of time and show users how they can safely buy/sell Luck v2 if they have other coins.

[Sherlock.Holmes]

What about exchanges? Currently, qTrade supports only Luck v1, so are there any plans to add support for Luck v2 on qTrade? Also, as you can see, and as I told you before, hard forks are harmful. They need very high level of support from existing nodes, in other case it just can cause chain split, just because if node operators won't do anything, they will cause a split, even accidentally, just by lack of information about future version (that happened when upgrading to RandomX). More than that: if users are getting a lot of coins by using Luck v1, then they have no reason to upgrade to Luck v2.

So, the conclusion is: if mainnet is still not released and if there is a way to upgrade the network in a soft-fork way, maybe it should be done that way? And if not, then it is better to think about listing on exchanges sooner than later (unless you want to make it fully decentralized and support some kind of atomic swaps by default in the client, or maybe some kind of other decentralized trading). Discord trading is also an option, but then users should know how to do it correctly, how to use Escrow, etc.

TLDR: We should think about trading ahead of time and show users how they can safely buy/sell Luck v2 if they have other coins.

thank you so much for your suggestions.

we have also considered the issue of exchanges very carefully, but to reduce the loss of investors, we do not recommend that large transactions occur in the early stages of system for instability.

We upgraded to luck v2 also to elimate the  advantages of GPUs , because luck’s core design is to mine by luck, eliminate public pools, and realize "more nodes = more decentralization", which requires more nodes to participate in a low-cost way.

There are many technical details that need to be considered against GPUs, so we are gradually improving the parameters to strive for more nodes to participate in mining in a low-cost, non-cooperative manner within a long time after the mainnet launched.

We will start the second round of testing as soon as possible within these few days, please be patient.