Lutetium Coin

Newest update can be found here: https://bitcointalk.org/index.php?topic=1414368.msg14845775#msg14845775
We will clean the ANN with not important stuff after the public wallet release, which will be soon in our hands

update April 13, 2016, 06:21:35 PM *
Here is the link to the pool:Pool is still in development.
www.lutetium.pw/public/

Informations/Launch delay
Q.1: How do you get your free shares on the mining pool?
- 1. Please register on www.lutetium.pw/public
- 2. Send us a PM with your pool username and/or pool emailaddress
- 3. We will manuall add your free Shares

Q.2: I am a participant of early signature campaign, how do i aquire my free shares?
- 1. follow Q.1
- 2. We have uploaded a list of early shares, if you are on the list you will have your shares added

Q.3: I followed Q.1 and Q.2, so when is the wallet comeing?
Our dev isn't availible right now. As soon as he is available again he will provide sourcecode and wallets.
We will upload them and add the links to the starting post as soon as possible.

Q.4: I want to mine LC, how is this possible?
Regular mining for LC isn't possible. The coin distribution will have run from 04/13/2016 for 365days via our mining pool (see Q.1)

Q.5: I want to get share for the pool, how to do that?
- Free: Join our signature campaign
- BTC: Buy our mining packages linked on the [ANN]

launch statement:April 14, 2016, 06:44:14 AM
On our team there is our coindev. We planed to meet all on skype yesterday evening for launching every thing.
How ever, our coindev (he has source/wallets) didnt answer yesterday. After many many emails he replied that he would have some personal problems. He didnt give us any further informations.

[size=14]So here is what we will do:[/size]
The pool will show your LC balence since planed launch date, we will add it manually
The wallets and source will get posted as soon as we have answer from our coindev
The pool will be available to withdraw your coins very shortly after implementation of the wallet
Because we have moved the original launch date all early participants will receive shares x2 (linked share list on the pool will get updated this evening)
All registrations will get activated manuell until this evening
All sent pms will get answered by today

Please send us a message on bitcointalk.org after signing up.
We want to verify your emailadress, so no one is signing up with different email and steal your shares.
This process will only be used on the signature campaign, later registrations wont get hand verified.

Lutetium is a new POS based ~~scryptcoin~~ X11 with a new innovative mining concept. Instead of wasting so much energy and producing CO2 we simply premined all the coins (POS anyway).
100% of the premined coins will get destributed in the first year to all the users who entered signature "quest" or bought cloudmining (centralized) shares. We think this is a nice new way of mining because you don't have to pay energy costs. Most of the premined coins (more than 99%) are stored on cold storage for anty theft protection and will get send in small packages to the mining pool.
After the first year the pool wont havy any more coins to payout and 100% of the premined coins have been payed.
With the BTC from the pool we will have some nice events for the community.
The Premined cold storage address will get revealed after launch.

Explanation pool shares:
1 share = x% of a Block, lets say there are 100 Shares and you own 10, you receive 10/100=10% of 1,250 LC = 125 LC

Wallets and Sourcecode comeing on Launch.

Original launch date:
Launch 2016/06/04 (EU: 06.04.2016)

Updates launch date statement:
We have detected that there are some problems with the pool. The payouts didn't work as expected (we are currently testing it with some coins, so we have the wallet recompiled with new genesis block so we can start with a totally fresh blockchain). We are investigating the issue and for not delaying the launch date again we have move the launch for 7 days.
We are sorry for that, but please understand that we want a smooth launch.
As a bonus for early participants on the signature campain we will double your shares, meaning all ppl on the share list will receive 2 shares instead of 1.

New launch date
Launch 2016/13/04 (EU: 13.04.2016)

Specifications:

Lutetium Coin

Ticker: LC
Algorithm: ~~Scrypt~~ X11
Supply: 657,000,000
Premine: 100%
POS Rate: 10% pa
Number Of Blocks for energy friendly mining: 525600
Bounty per Block: 1,250
60 Seconds Per Block
10 Blocks to Confirm
Min. Staking Age: 1 hour

Coin concept
- New mining concept
- No burned energy for mining Lutetium
- "mining" possible in the first year for everyone, even without the need of buying shares
- No powerfull computer or ASICS needed, a computer with a running internet connection and Linux/Windows/Mac will be fine
- With earned BTC from shares from the pool we will have giveaways for everyone (in the beginning) registered on Bitcointalk and active on this thread. We are thinking about hardware for computers, like SSDs, HDDs, GPUs, ... and other nice stuff
- Connection to shops accepting cryptocurrencies so you can actually buy items on the internet with LC

Share forum signature compaign:

***update April 08, 2016, 04:53:48 PM***
we decided to introduce a share system based on the forum rank.

Quote

Brand New - 1 share
Newbie - 1 share
Jr. Member - 2 shares
Member - 3 shares
Full Member - 4 shares
Sr. Member - 5 shares
Hero Member - 6 shares
Legendary - 7 shares

If you have any suggetions or ideas about how to change the share system please inform us. We want to communicate with the community we are building up and we want to listen to your ideas.

Signature musst be visible on the forum for 1 week after launch.
Please get a signature like this:

Quote

[ANN] [LC] Lutetium - Get free mining pool shares

please remove the * and you have working signature
[url*=https://bitcointalk.org/index.php?topic=1414368.msg14331883#msg14331883][ANN] [LC] Lutetium - Get free mining pool shares[/url]

After adding this signature line please post here for getting your nickname on the list.

For being a part of the campaign you will receive one share from the pool.

New registrations (we will try to check for multiple registrations) please use that signature:

Quote

[ANN][LC] Lutetium - Get free mining pool shares

Sharelist:

Quote

hananl1styo Full Member https://bitcointalk.org/index.php?action=profile;u=670321
Total: 68 participants

May 15, 2016, 08:52:40 AM
Current LCpB value: 3.68

Shares from bounties (like translation of the ANN):
Russian translation: https://bitcointalk.org/index.php?topic=1434584.0
Vadi2323 https://bitcointalk.org/index.php?action=profile;u=399366

Total shares from bounties: 1 share

Mining Pool Share Packages: added April 08, 2016, 04:53:48 PM

We are not sure about the exact price yet, but the shares will get cheaper on bigger packages. We want to have a look about how many shares from the signature campaign there are some days before the launch.
We will add the price some days before the Launch date so no one will be able to mine all the coins alone in the beginning.

Quote

Small: 10 shares
Normal: 25 shares
Large: 50 shares
Big: 80 shares

Updates / General informations from the thread:

Quote from: Lutetium on April 12, 2016, 04:26:02 PM

12, 2016, 04:19:25 PM***

This evening we will estimate the cost for share packages. We will calculate all the shares from the signature campaign this evening and setting everything up.
The pool will get moved to another server this evening, changes to the DNS will be required then. Last change it took about 30mins to resync with other DNS.
If nothing happens on the server imgration this evening the pool will be available by tomorror or maybe this evening.

For the beginning we will use a classic MPOs pool until we see how this is going.
We must admit that we might be a bit nervous/excited of Letutium Launch

April 19, 2016, 08:33:00 PM
currenty Bountys (more to come)
Logo contest:
We think the current Logo isn't to bad but there can/could be a better one :-)
If you are a talented photoshop master maybe you can create a nice Logo for Lutetium.
This is actually very nice because YOU can give LC a face. The wallet will get recompiled (didn't release it yet, read above statement) and your logo will get included in the wallet!
Reward: Shares on the mining pool, permanent on the total "share PoW"
Simply upload your logo and your logo will get linked on the ANN below.

Current Logo, which is real physical Lutetium:

***Last update on submitted Logos: April 21, 2016, 08:03:46 PM***

sunce33:

ydrogios:

Caesar7

Isolani159

jovan85

Homepage comeing soon...

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