The time has finally come! After much development and testing, RX2 is ready for rollout. We have scheduled the new algorithm to kick in at block 1612500 which should take place on February 18, 2021.
We are excited to finally release RX2! With this update, we hope to reward our long-term LUX miners and ensure the most fair distribution of mining rewards. This update benefits the entire LUX community as the new algorithm further secures the blockchain, helps safeguard LUX against price manipulation, and keeps LUX at the forefront of the crypto mining community.
What You Need to Know
QT Wallet Users
We will release a new mandatory wallet update before the fork. Aside from updating your wallet, there are no additional steps normal users have to take. Coins you had before the fork will still be there after the fork. If you do not update your wallet before the fork date, you will not lose any coins you had before, but you may miss out on staking rewards and not be able to send/receive coins until you update your wallet.
Mobile/Web Wallet Users
If you are using the Luxcore PoS Web Wallet you do not have to do anything. Luxcore will update the web wallet backend prior to the fork date.
Masternode Owners
Masternode owners will need to upgrade to the latest wallet and re-start their masternode before the fork date. Luxcore will post a one-liner in the #masternodes Discord channel for easy upgrading.
Miners
RX2 is changing the mining algorithm so you can expect some changes in your mining performance. See our previous article discussing RX2 testing to see some example benchmarks and recommended specs.
Mining Pools / Exchanges
Pools and exchanges will need to upgrade their wallets prior to the fork date. You can expect some temporary wallet maintenance at these services. Luxcore will reach out to the appropriate contacts, but if you are a pool operator feel free to reach out with any questions/concerns.
As always, thank you for being a part of this community and stay tuned for our coming updates! We intend 2021 to be a big year for this project!
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Website: https://luxcore.io/
Facebook: https://facebook.com/LuxcoreTeam
Twitter: https://twitter.com/LUX_COIN
Github: https://github.com/LUX-Core
Reddit: https://www.reddit.com/r/LUXCoin/
Telegram: https://t.me/LUXcoreOfficialChat
Discord: https://discord.gg/luxcore
Bitcointalk: https://bitcointalk.org/index.php?topic=2422372
Finally, please feel free to leave us your feedback, as we always welcome it!
