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⚠️ IMPORTANT UPDATE - Transparency Report + Community Decision
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⛏️ MULTI-THREAD MINING IS NOW LIVE
We heard you. The binary and script have been updated.
Everyone can now mine with multiple CPU threads - fair for all.
How to update:
rm -rf ~/.lumenyx/lumenyx-node ~/lumenyx-setup.sh
curl -sL "https://api.github.com/repos/lumenyx-chain/lumenyx/contents/lumenyx-setup.sh" -H "Accept: application/vnd.github.v3.raw" -o lumenyx-setup.sh && chmod +x lumenyx-setup.sh && ./lumenyx-setup.sh
The script will ask how many threads you want to use.
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⚠️ WE MADE A MISTAKE - Full Transparency
We declared in the README and announcement:
- "No premine"
- "100% distributed through mining"
- "Everyone starts equal"
This is not completely true. We found an error.
When compiling the genesis for mainnet launch, we forgot to remove a faucet allocation from an old version of the code. This faucet was meant for a validator bootstrap system that was never implemented.
The facts:
Address: 5EYCAe5jvNJx8PWVjCGPgVMm1RSs37G8jQxi4i22mztXxot4
Balance: 5,000 LUMENYX
Status: PERMANENTLY LOCKED - No private key exists
This address is a PalletId - it's generated by code, not from a seed phrase.
Nobody can access these coins. Not us, not anyone. They are effectively burned forever.
But they exist in total supply. And we said "no premine".
That statement was incorrect. We apologize for this error.
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📊 CURRENT STATE
Block: #52,791
Total mined: ~10,970 LUMENYX (by miners)
Locked faucet: 5,000 LUMENYX (inaccessible)
Total supply: 21,000,000 LUMENYX
Locked %: 0.024%
You can verify yourself on Polkadot.js Apps:
Developer → Chain State → system → account → paste the address above
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🗳️ THE COMMUNITY DECIDES
We made the mistake. You decide how to fix it.
OPTION A - Continue current chain- 5,000 LUMENYX stay burned forever (no one can ever use them)
- All mined coins are kept by miners
- Multi-thread mining available now for everyone
- Chain continues from block #52,791
OPTION B - Fresh restart- New genesis with clean code (zero faucet)
- Multi-thread mining from block #0
- True "100% mining distribution" as originally promised
- Everyone loses currently mined coins
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We're open to suggestions. Tell us what you think.
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No excuses. Just honesty.
The chain belongs to the community. So does this decision.
- missed2009
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If this cryptocurrency has a community-based promise, and there's also an option like a relaunch, then my recommendation would be this:
A Fair Mining Model for Lumenyx: Community Power or Server Power?
Lumenyx was launched with a clear promise:
to build a decentralized, CPU-friendly network where everyone can participate.
However, the current mining structure is moving in the opposite direction.
Today:
.High-core cloud servers are dominating block production.
.Individual users are leaving because they can no longer earn rewards.
.Network security is becoming dependent on server capacity instead of real community participation.
.This trend risks turning Lumenyx into a centralized, hardware-driven system controlled by a few powerful actors.
The Core Issue
In CPU-based Proof-of-Work systems:
.Performance scales directly with the number of CPU threads.
.This gives cloud servers an overwhelming advantage over regular home computers.
.Difficulty adjusts only to raw computing power, not to real user participation.
.The result is simple:
.The more cores you have, the more rewards you get.
.This is not fair, and it discourages true decentralization.
Why This Matters
This imbalance leads to:
Declining participation
→ Smaller miners leave the network.
Centralized reward distribution
→ A few powerful servers receive most of the rewards.
Weaker network resilience
The centralized structure will hinder investor acquisitions.
→ Instead of thousands of independent nodes, the network relies on a handful of strong machines.
This model is neither sustainable nor aligned with Lumenyx’s decentralized vision.
Path Toward Fair CPU Mining
1. Introduce a Thread / Core Limit per Node
Each validator node should be restricted to a maximum number of CPU threads.
This would:
Prevent rented servers from overwhelming the network
Restore competitive balance for individual participants
Encourage wider and healthier decentralization
By determining difficulty levels based on participation rate, this rewards not only the power of the hardware but also the power of the community.
The Vision
The future of Lumenyx should be built on:
Community power, not server power.
A truly decentralized network is one where everyone has a fair chance to participate and earn.
If mining continues to reward only the strongest hardware:
Lumenyx will evolve into a server competition.
But if fairness is prioritized:
Lumenyx can become a global, community-driven network with real decentralization at its core.
