Parallax Blockchain (LAX) Officially Launches Mainnet on October 28. This is an EVM-compatible platform with zero premine and an emission of 21 million coins based on Proof-of-Work with the XHash algorithm, focused on GPU mining. If you're a fan of mining similar coins (which aren't trading anywhere yet) for the long term right at their launch, then Parallax might interest you. Read more about the coin and how to start mining below.
Key Features of Parallax
The project combines classic PoW with modern capabilities:
- Emission and Halving: Maximum 21 million LAX, with halving every 210,000 blocks - just like BTC.
- Blocks and Security: Block generation time - 10 minutes, ensuring network stability.
- EVM Compatibility: Developers can easily port dApps from Ethereum, opening doors for DeFi and NFTs.
- Mining: Available exclusively on GPUs, without ASIC dominance, making it ideal for home rigs.
- Mining Algorithm: xhash (a modification of Ethash)
- Block Reward: 50 LAX.
The mainnet launched without pre-sales or premine, emphasizing a decentralized approach. LAX is not yet trading on cryptocurrency exchanges, but a listing has already been announced on the lesser-known exchange BitGoget.
Links
- Project Website.
- Mining Pools: CoolPool (320 Gh/s) and LuckyPool (250 Gh/s).
- GPU Miner: SRBMINER Multi. Also available is the official miner from the developers: GitHub.
- Block Explorer.
- Announced listing on the BitGoGet exchange starting November 1, 2025.
- Twitter (X): https://x.com/prlxchain
MetaMask Wallet Settings:
- Network Name: Parallax Local
- RPC URL: https://rpc.parallaxchain.org/
- Network ID: 2110
- Currency Symbol: LAX
- Block Explorer URL: https://explorer.parallaxchain.org
How to Start Mining LAX Right Now
Good news for miners: the coin is fully ready for mining, the mainnet is launched, there are official and third-party miners, 2 pools, and a soon-to-be listing on an exchange has been announced. Recommended software - updated SRBMiner-Multi (version 2.9.9), available on GitHub. Connect to the pool that suits you: CoolPool or LuckyPool.
- Add a new custom network in Metamask (Networks -> Custom -> Add Custom Network). Add the settings from the "MetaMask Wallet Settings" section. To get your wallet address.
- Select the newly added custom network and copy the wallet address (it should match your Ethereum wallet address from the main network).
- Download the miner and unpack it into a convenient folder.
- Create a file named srbminer.bat in the folder with the following content:
SRBMiner-MULTI.exe --algorithm xhash --pool parallax.luckypool.io:2200 --wallet ADDRESS=<ADDRESS>.<WORKER NAME> pause - Run the created .bat file and after some time, check the hashrate on the pool's website.
Exchange Listing
The start of LAX trading is scheduled for November 1 at 13:00 MSK on the BitGoget exchange - a relatively new platform that hasn't yet established a reputation. The community is actively discussing the possibility of withdrawing funds from this exchange, but no additional information is available yet.
We recommend running wallets and nodes for new coins on a separate computer or inside a virtual machine to ensure the security of your funds.
Parallax is a chance for GPU miners to enter the project at an early stage, before the hype. With zero premine and Bitcoin-like economics, LAX could become an interesting long-term asset. Subscribe to our Telegram channel and share your opinion about the coin in the comments!
