The crypto market is never short of trending topics, and in every bull run, meme coins inevitably steal the spotlight. Since the rise of DOGE, interest in early meme coins has surged, with many being integrated into Litecoin's merged mining ecosystem. Among these, Luckycoin (LKY), a vintage meme coin, has drawn significant attention from the community and miners alike.

This article delves into Luckycoin (LKY)'s history, tokenomics, earning potential, and mining process, offering miners and investors a comprehensive understanding of this coin.

Luckycoin: A Meme Coin Ahead of Dogecoin

In May 2013, a Bitcointalk forum user named LuckyC introduced Luckycoin (LKY), a new cryptocurrency with a distinctive “lucky” feature: miners’ block rewards were randomized, giving them a chance to earn significantly higher rewards. This randomness inspired the name Luckycoin.

Although meme coins were not a popular concept at the time, LuckyC described Luckycoin as a “fun and fair” project. This ethos aligns with the modern meme culture of community-driven and equitable distribution. While Luckycoin initially went unnoticed, its code served as the foundation for Dogecoin, a much more famous project. Traces of Luckycoin’s code can still be found in Dogecoin’s GitHub repository.

Screenshot of Dogecoin’s GitHub repository

In August 2024, community members rediscovered Luckycoin’s 11-year-old backup and revived its original 2013 blockchain. By 2024, the network had progressed to block 81,744, reigniting a chain that had remained dormant at block 81,743.

Luckycoin’s Tokenomics

Luckycoin, based on Litecoin’s code, adopts a no-premine mechanism to ensure fair distribution. Like Bitcoin and Litecoin, LKY undergoes periodic halvings. One block is generated every minute, and rewards halve every 100,000 blocks (approximately 69 days). The initial reward was 88 LKY per block, with a maximum supply capped at 20 million.

Luckycoin also introduced a random reward mechanism, where miners have a chance to receive bonus rewards during mining.

For the first 50,000 blocks:

• 5% chance of earning 188 LKY per block.
• 1% chance of earning 588 LKY per block.
• 0.1% chance of earning 5,888 LKY per block.

After block 50,000:

• 5% chance of earning double rewards.
• 1% chance of earning five times the rewards.
• 0.01% chance of earning 58 times the rewards.

Luckycoin’s Earning Potential

As a merged mining token for Litecoin, Luckycoin has undergone two halvings, and its base block reward now stands at 22 LKY. This means Litecoin miners can earn an additional 22 LKY alongside their LTC, DOGE, and other rewards. Additionally:

• 5% chance of earning 44 LKY.
• 1% chance of earning 110 LKY.
• 0.01% chance of earning 1,276 LKY.

As of December 10, 2024, more than15 million LKY have been mined, leaving 21% of its supply available. With only 10% of LTC’s supply left to mine, Luckycoin remains a viable mining option. Its capped supply also enhances its scarcity. LKY’s next halving is scheduled for February 6, 2025.

$LKY Mining Supply prediction (incl lucky blocks)

Regarding price, CoinEx data reveals that LKY has surged 170% over the past month, with a circulating market cap of $130 million. Daily production stands at approximately 36,000 coins, valued at nearly $400,000 in total. This output equates to 6% of DOGE’s daily value, 84% of LTC’s, and 16 times BELLS’s daily output value.

How to Mine Luckycoin (LKY)

Luckycoin employs the same Scrypt algorithm as Litecoin and supports merged mining. ViaBTC, a leading Litecoin mining pool, enables merged mining for LTC, DOGE, BELLS, LKY, and PEP. Miners simply need to connect their LTC miners to their ViaBTC accounts—no additional setup, such as wallet address binding, is required. By selecting PPS+ or PPLNS modes, miners can earn extra DOGE, BELLS, LKY, and PEP rewards. LKY payouts are settled every two hours for a simple and efficient experience.

For detailed mining instructions, refer to the LKY&PEP Mining Guide.

Merged mining offers miners a cost-effective way to maximize early-stage returns. Start mining at ViaBTC today and enjoy additional rewards effortlessly: https://www.viabtc.com/