It is a PoW/PoS coin with a completely new algorithm to compute superblocks. Lucky7Coin is in the family of PPCoin/Novacoin with latest available algorithms that fixed various problems in the recent PoW/PoS coins. As compared to the PoW only coins, the proof of stake coins are more resilient to 51% attack. Also it is a long term energy-efficient cryptocurrency.
Lucky7Coin provides superblocks based on the number of lucky “7″s in the previous block hash. The block payout is determined as follows:
- the hash contains six 7s or less: 77 coins per block
- the hash contains seven or eight 7s: 777 coins per block
- the hash contains nine or more 7s: 7777 coins per block
The 777-coins block occurs approximately 3-8% and 7777-coins block occurs approximately 0.5-2%, depends on the blockchain “luck”. So have fun and hope for best of the luck of 7s!
Lucky7Coin also provides 5% annual interest on the coins held. The interest is paid about every 2 weeks.
No Premine.
Specifications
- scrypt
- 77 coins per block for normal blocks
- 777 or 7777 coins per block for super blocks depends on the number of lucky 7s
- Difficulty retargets every block
- mining payout will be halved every half year (259200 blocks)
- mining coins per block will not be lower than 1 coin per block
- Expected total mined coins will be 99,792,000 coins
- 7 confirmations for transaction
- 77 confirmations for minted blocks
- Total coins (hard limit): 500 millions
Downloads
Mega.co.nz:
https://mega.co.nz/#!kx1gXYwC!dbcnukb7vKRm3C1g2y8jpgTFxy5z3W-KLJYy6r6wxOs
Skydrive:
https://skydrive.live.com/redir?resid=727F26F1D805DB21!133&authkey=!ANovLU77IATGWu8
Google Doc:
https://docs.google.com/file/d/0B-_cT_EUbb3oTGppUHFNaGM4b2s/edit?usp=sharing
Source Code Download:
Minerpool:
1% POOL FEE
Payoutsystem prop
only 77 confirms
Stratum+LP
- Create account.
- Download a CPU miner.
- Windows users: download a “batteries” included package for 64-bit or 32-bit Windows. These packages include Pooler’s cpuminer 2.1.2 and Matoking’s GUI r6, updated 2012-02-03.
Extract the files into a folder and start the included ScryptMiner.
If you don’t want a graphical user interface, you can download an optimized command-line miner here. - Linux users: download and compile cpuminer. Under Debian and Ubuntu, you can use the following recipe:
sudo apt-get install make automake build-essential git libcurl4-openssl-dev git clone git://github.com/pooler/cpuminer.git cd cpuminer ./autogen.sh ./configure CFLAGS="-O3" make [for HTTP] ./minerd --url http://coin-base.org:8440/ --userpass Weblogin.Worker:Worker password [for STRATUM] ./minerd --url stratum+tcp://coin-base.org:3440/ --userpass Weblogin.Worker:Worker password
- Mac OS X users: precompiled binaries are available here.
- Windows users: download a “batteries” included package for 64-bit or 32-bit Windows. These packages include Pooler’s cpuminer 2.1.2 and Matoking’s GUI r6, updated 2012-02-03.
- Download a GPU miner.
- Windows users: download GUIMiner-scrypt
- all users: download and use/compile cgminer.
- Configure your miner.
Start your miner using the following parameters:URL: http://coin-base.org/ HTTP PORT: 8440 STRATUM PORT: 3440 Username: Weblogin.Worker Password: Worker Password If you use a command-line miner, type:
[for HTTP] ./minerd --url http://coin-base.org:8440/ --userpass Weblogin.Worker:Worker password [for STRATUM] ./minerd --url stratum+tcp://coin-base.org:3440/ --userpass Weblogin.Worker:Worker password
If you want, you can create additional workers with usernames and passwords of your choice Here
- Create a lucky7coin address to recieve payments.
- Downloading the lucky7coin client from the forum site
. Generate a new address and input it on your account page to receive payments.
- Downloading the lucky7coin client from the forum site
- Optional (linux): Keeping miner updated
- Updateting manual:
cd cpuminer git pull make clean ./configure CFLAGS="-O3" make [for HTTP] ./minerd --url http://coin-base.org:8440/ --userpass Weblogin.Worker:Worker Password [for STRATUM] ./minerd --url stratum+tcp://coin-base.org:3440/ --userpass Weblogin.Worker:Worker password
- Updateting manual: