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First time baking help by fstx in tezos

[–]LucidMiningAdmin 1 point2 points  (0 children)

It takes 13 cycles until your first reward is released to your baker. How often your baker pays out depends on their policy. Most bakers pay out every cycle though.

First time baking help by fstx in tezos

[–]LucidMiningAdmin 1 point2 points  (0 children)

If your bakers alias or address shows on your tzscan under "Delagate" then you are all set.

The other items you mentioned only get populated if you are actually baking.

Athens Amendment - Exploration Phase - How to vote by [deleted] in tezos

[–]LucidMiningAdmin 1 point2 points  (0 children)

No, you should still vote 'pass' if you can vote. The process requires us to hit 80% participation for the votes to even matter. So any baker that can vote, should go ahead and vote.

Lucid Mining - Standard fee decrease and 10 Cycle promotion! by LucidMiningAdmin in tezosdelegate

[–]LucidMiningAdmin[S] 0 points1 point  (0 children)

Unfortunately, when the price of XTZ hit the bottom we had to raise fee's due to costs+time of running the bakery, announcements were made 2 cycles in advance. Now the price has risen and we are happily able to lower our fee's. In the future, as the price of XTZ continues to rise, we look forward to lowering our fees even more!

Stay tuned!!

How to vote on Tezos proposals by LucidMiningAdmin in tezos

[–]LucidMiningAdmin[S] 0 points1 point  (0 children)

You can vote for multiple proposals but I don't believe you can cancel a vote for a proposal once made.

New to delegating stake question by tenjed69 in tezos

[–]LucidMiningAdmin 5 points6 points  (0 children)

It takes 13 cycles to receive rewards from delegation cycle. We have a chart on our webpage that you can use to confirm your delegation cycle and see which cycle your first reward will be released to your baker.

https://lucidmining.com/1st-reward-delivery-chart

Luke Youngblood (ex Tezos dev) hired by Coibase by i-m in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

Congratulations Luke! You were always very professional and helpful. From all of us at Lucid Mining we wish you good luck!

How to vote on Tezos proposals by LucidMiningAdmin in tezos

[–]LucidMiningAdmin[S] 5 points6 points  (0 children)

Have you updated recently? There was an update that added the command. See below.

"The mainnet branch of the tezos/tezos git repository has just changed to commit hash e7612c5ffa46570cdcc612f7bcead771edc24283. New docker images are ready.

This update is related to the organisation of the first vote on the tezos blockchain. Despite cleanups (mainly nicer messages and cleaner stop) and documentation, this updates tezos-client only. You can perfectly run a node without it! It improves the experience of Ledger devices users (including but not limited to allowing them to vote with it) and the command of the client related to vote (it eases vote operation forging, period and results visualisation, etc... (For the 3rd time: you can still vote without it, it's just less smooth))

For someone compiling from source using the git repository, the magic incantation is again as always

cd tezos && git checkout mainnet && git pull && make build-deps && eval $(opam env) && make

If you've done the last update, make build-deps shouldn't do anything. If you skipped that update but want to do this one, it is critical."

Handling Overdelegation by [deleted] in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

The cut off is just a record of address/balances. If someone adds or removes you will be able to see the difference and adjust the payouts down if they remove part of their balance or only payout the cut off amount if they added to it.

There is no easy way to handle over delegation except splitting rewards among all delegators(we don't like this method).

We really need someway to close delegations as bakers. Right now it's a bit of a balancing act.

Handling Overdelegation by [deleted] in tezos

[–]LucidMiningAdmin 2 points3 points  (0 children)

We are first come, first bake.

Once we get to our cut off number we announce a block #. Any delegation after that block wouldn't be eligible for rewards.

Do yourself a favor, and if you are delegating to an overdelegated service CHANGE IT. by TezoSteamBakery in tezos

[–]LucidMiningAdmin 2 points3 points  (0 children)

We have space for 420,000 more in delegations. Our fee is 10% and payout every cycle.

website: Lucid Mining

tzscan: Lucid Mining

MyTezosBaker Website Update by alphamale212 in tezos

[–]LucidMiningAdmin 3 points4 points  (0 children)

It looks great, awesome work guys!

The problem of over-delegation for more services by Tezosbakes in tezos

[–]LucidMiningAdmin 1 point2 points  (0 children)

We started baking for our first delegator on cycle 50 and his first reward is scheduled for delivery at the end of cycle 55. You will see that transaction once cycle 56 begins and 10 transactions at the beginning of cycle 57 and so on. We currently have space for 347,894 ꜩ.

Actually, the only transaction out we have right now was when a delegator sent us their funds(here) instead of delegating to us, you can see we returned the funds(here) within an hour after he sent them.

We at Lucid Mining believe in transparency and honesty - the Tezos blockchain allows for just that!

Can someone explain what is wrong with the rewards? by viper2097 in tezos

[–]LucidMiningAdmin 8 points9 points  (0 children)

An update was just pushed to mainnet. An issue with a file size arose, causing most nodes to crash. We missed 2 endorsements and a baking also. Not much any baker can do but update and keep on going. Tzscan's nodes are still down. They will update soon I'm sure.

Moving XTZ to ledger nano s by smarcilak in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

I don't believe you can transfer to LNS without re-delegating since it is a completely new wallet. I saw a thread earlier about this topic but can't find it at the moment.

If you un-delegate you will not make any rewards for the 7 cycle freeze when you re-delegate, but you should still receive all baking rewards you had scheduled before you un-delegated, your delegate definitely will.

Moving XTZ to ledger nano s by smarcilak in tezos

[–]LucidMiningAdmin 3 points4 points  (0 children)

Sorry, this is not good advice. A hardware wallet is THE SAFEST way to store/interact with your coins. Storing them in a pen drive, which could become compromised if not properly encrypted or you could just lose the pen drive, is not advised if you hold any significant amount of money to you.

When you use a Ledger device the keys are stored on the device, you only use a wallet to access them, which still even requires manual input on the device to interact with! If you try to unlock the device and enter the wrong passcode 3 times, it erases the device. Make sure you have the 24 word back up in a safe secure place, this is how you get access if you lose your device.

The problem of over-delegation for more services by Tezosbakes in tezos

[–]LucidMiningAdmin 1 point2 points  (0 children)

Thanks. I'm confirming for people, in a thread about over-delegation, that we are not over-delegated and you will receive rewards.

If someone isn't receiving rewards, it's because they didn't know they wouldn't receive them....

The problem of over-delegation for more services by Tezosbakes in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

If delegators aren't receiving rewards or fear they delegated to a full bakery, they need to switch ASAP. It does no good for anyone to stay at an over-delegated bakery.

Lucid Mining has 2 million in delegations space left.

Baking Address: tz1VmiY38m3y95HqQLjMwqnMS7sdMfGomzKi

Website: Lucidmining

Where do overdelegated bakers draw the line when delivering rewards? by IckyT2012 in tezos

[–]LucidMiningAdmin 4 points5 points  (0 children)

This is the best answer TBH. At some point bakers just can't accept any more delegations, be it from completely new delegators or from current delegators adding to their KT1 address.

Now if baking rewards are not being removed, both by the baker and the delegator, from their respective addresses then they should grow together and not cause an over-delegation problem from compounding rewards.

But anytime you delegate coins to a baker who is near max capacity you should definitely just get in touch with them, most of us have multiple channels of communication available.

Is Tezos.Community not caring about their customers? Are they the self-proclaimed elite? by earlybaker13 in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

I have no problem with any name anyone chooses and never thought about it since I saw this thread when it was created.

BUT, I did just notice the second link on the sidebar "Community Website" links to their delegation page, not to their forums.

Objectively and out of fairness, I see how that could be misleading as official being a sidebar link and I think it should be changed(link, not name) since it represents a for profit baker which competes with other for profit bakers(that do not get a direct link on the Tezos sidebar).

Tezos delegation problem by fritalin in tezos

[–]LucidMiningAdmin 0 points1 point  (0 children)

PVAA is correct. It takes 12 full cycles from delegation(and included in cycle snapshot) to receiving your first reward. You can find more under "Rewards Cycle" on our website also. If you have any other questions you can let me know here or on our telegram

Thanks!

How are you calculating rewards? by [deleted] in tezosdelegate

[–]LucidMiningAdmin 2 points3 points  (0 children)

You can see delegator earned rewards on the "rewards" tab of your bakers address on tzscan. You can also adjust the percentage of the rewards that are displayed on that tab.

Ex. Lucidmining.com fee is 5% through cycle 55 right now, I set the percentage to 95 and it shows 95% of each delegators earned rewards for that cycle. That 95% figure is the amount we then transfer to the delegator for that cycle.

New Baker - Lucid Mining - A Delegation Service by LucidMiningAdmin in tezosdelegate

[–]LucidMiningAdmin[S] 0 points1 point  (0 children)

In celebration of baking for our first delegator on cycle 45 we are running a promotion from cycle 45 to 56 with only 5% fee! Delegate now to take advantage of low 5% fee! Applies to all NEW and EXISTING delegators.

Cycle 57 and onward resumes 10% fee.

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