Difficulty Discussion - Fork Update - Bushstar
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[quote name=“ChristianRiesen” post=“2973” timestamp=“1368432961”]
Wait, did I understand the argument right that, this fork has to happen now in case the crypto currencies crash as a whole next week? IMHO that is not an argument, rather endtime panic for FC and crypto coins at large.Changes like this are disruptive and rather lower confidence than up it. If its done now, what stops it from happening again soon? The one thing you can be 100% sure about any infra structure is that the worst thing you can do is force everyone that builds on yours, is to change it so it will not work any longer. Granted, FeatherCoin is not like Paypal where thousands of merchants are using an API, but put yourself in their shoes. On which coin would you bet, if you had a site like Amazon, Paypal or just selling cables online, the one where you can set it up and it runs stable or the one where you have to make changes to and hope everyone else updates as well?
To reiterate, these are my views and opinions. I value yours as well and am thankful we can have this mature conversation, something that is rather rare on the internet.
[/quote]You are only looking at the social aspect.
When people say several coins will need to avoid crashes, it’s because there is a stampede coming of disgruntled miners leaving BTC mining.
This is not a drill. This is happening.This is not because of the popularity of the coin. These newcomers are not fans of feathercoin, the are jilted lovers of bitcoin. They feel ENTITLED to make a significant profit daily, because that’s what they are used to. When it’s done and over with we’ll be here again.
It’s not about what might happen. It’s about what WILL happen.
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[quote name=“ghostlander” post=“2988” timestamp=“1368440527”]
cycloid who purchased those domains seems to work as a YAC shill full time. Seen both at Bitcointalk and BTC-e troll box. Nothing really interesting. The developer or whoever acts under his nickname is what amuses me most. Registered on the 27th of April, made 6 posts on the 5th of May to get out of the newbie jail and announced YAC straight after that, answered a few questions and disappeared. His code quality is crap, and I’m not the only one who thinks so.
[/quote]^this +1
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51% resistant, hashrate acceleration tracking, difficulty anticipating, anti-alt troll ready algorithm.
http://forum.feathercoin.com/index.php?topic=427.msg3106#msg3106
I’ll have a simple code demo shortly.
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These are great discussions, I’m enjoying the debate/ideas.
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Any update on the fork ETA? I bet most supporting people are eagerly waiting for the new Win binary to get things going. We are all donating hashpower but it’s still sad to see the “time to retarget” grow on the stats page. I am sure the big rigs can’t run burning away cash for weeks no matter how supportive they are.
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The code should be ready to roll tomorrow if everything goes well. Then we should look at a weeks notice before we hit the next difficulty which will give us 41.4% more coins to mine without bringing back the miners in mass. Personally I’m looking forward to being able to mine those coins without everyone else mining them before me. I’m mining against what I believe this coins will be worth in the future just like when I used to mine Litecoin for what I thought it would be worth in the future.
I was mining Litecoin when I thought it would one day be worth $1 :)
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[quote name=“Bushstar” post=“3238” timestamp=“1368516769”]
The code should be ready to roll tomorrow if everything goes well. Then we should look at a weeks notice before we hit the next difficulty which will give us 41.4% more coins to mine without bringing back the miners in mass. Personally I’m looking forward to being able to mine those coins without everyone else mining them before me. I’m mining against what I believe this coins will be worth in the future just like when I used to mine Litecoin for what I thought it would be worth in the future.I was mining Litecoin when I thought it would one day be worth $1 :)
[/quote]How will this code change affect sites using “p2pool” or how will we be able to confirm that the site we’re mining on has made the necessary adjustments for when it’s time?
Just wanting to help make sure people with their miners going aren’t hashing away into nothingness while waiting for pools to update and such, without realizing that they haven’t made the proper changes yet.
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Great work Bushstar !! :)
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[quote name=“Bushstar” post=“3238” timestamp=“1368516769”]
The code should be ready to roll tomorrow if everything goes well. Then we should look at a weeks notice before we hit the next difficulty which will give us 41.4% more coins to mine without bringing back the miners in mass. Personally I’m looking forward to being able to mine those coins without everyone else mining them before me. I’m mining against what I believe this coins will be worth in the future just like when I used to mine Litecoin for what I thought it would be worth in the future.I was mining Litecoin when I thought it would one day be worth $1 :)
[/quote]Hoorah!!! Good work that man…
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[quote name=“Bushstar” post=“3238” timestamp=“1368516769”]
The code should be ready to roll tomorrow if everything goes well. Then we should look at a weeks notice before we hit the next difficulty which will give us 41.4% more coins to mine without bringing back the miners in mass. Personally I’m looking forward to being able to mine those coins without everyone else mining them before me. I’m mining against what I believe this coins will be worth in the future just like when I used to mine Litecoin for what I thought it would be worth in the future.I was mining Litecoin when I thought it would one day be worth $1 :)
[/quote]Keen to update my client :) thanks for the update.
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[quote name=“Bushstar” post=“3238” timestamp=“1368516769”]
The code should be ready to roll tomorrow if everything goes well.
[/quote]Quick questions:
a) What have been the modifications?
b) After which block become this modifications active? -
+1 …fantastic
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The only issue I see is the fact that we would be betting on the fickle miners treating it as a dead coin while the believers scoop up a nice chunk. It’s not an unreasonable forecast, but there’s going to be more waves of people leaving BTC.
I’ll make a demo program of my algorithm. At the very least, perhaps we can include it as future code that can be switched on via a command option.
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Absolutely brilliant bush! I must admit the original (although incorrect) 21’ish difficulty estimate on the stats page seemed more worrying than the estimated 22 day wait :D
I was mining Litecoin when I didn’t have a clue what they would be worth, all I knew was my electricity bill was increasing greatly, but I sold them all @ circa $4 - $5, well I exchanged for BTC, and now I’m propping up FTC both mining and purchasing, except with slightly more knowledge of where we are heading.
Looking forward to the future of our Feather! 8)
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[quote name=“zerodrama” post=“3325” timestamp=“1368530297”]
The only issue I see is the fact that we would be betting on the fickle miners treating it as a dead coin while the believers scoop up a nice chunk. It’s not an unreasonable forecast, but there’s going to be more waves of people leaving BTC.I’ll make a demo program of my algorithm. At the very least, perhaps we can include it as future code that can be switched on via a command option.
[/quote]I am in favour of having a solution that protects against large mining power swings. We would be better off doing it know than after one year from now. On the other hand, rushing fundamental changes into the software can lead to problems as well (see BTC lately).
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[quote name=“UKMark” post=“3332” timestamp=“1368532384”]
Absolutely brilliant bush! I must admit the original (although incorrect) 21’ish difficulty estimate on the stats page seemed more worrying than the estimated 22 day wait :DI was mining Litecoin when I didn’t have a clue what they would be worth, all I knew was my electricity bill was increasing greatly, but I sold them all @ circa $4 - $5, well I exchanged for BTC, and now I’m propping up FTC both mining and purchasing, except with slightly more knowledge of where we are heading.
Looking forward to the future of our Feather! 8)
[/quote]25 day wait right now… slow shrinking…
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I think part of the problem is using block to count until next difficulty change - why not use time. Or would that mess up the coin limit/generation rate.
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[quote name=“haxree” post=“3450” timestamp=“1368557323”]
I think part of the problem is using block to count until next difficulty change - why not use time. Or would that mess up the coin limit/generation rate.
[/quote]
Why not a mixed ?
I mean the first between 2016 Blocks and X days, Would this prevent this kind of situation ? -
[quote name=“haxree” post=“3450” timestamp=“1368557323”]
I think part of the problem is using block to count until next difficulty change - why not use time. Or would that mess up the coin limit/generation rate.
[/quote]That’s a fair point while I don’t understand the reason myself, how would it be made secure? Time can be altered (well it can’t, but it can :)) - I suppose we would need some sort of timezone setting EG: CST crypto-time-standard too that the network adhered too otherwise UTC/EST/GMT/EDT etc would all get their difficulty changes at different times.
But like I say I don’t know the reason why not… -
[quote name=“haxree” post=“3450” timestamp=“1368557323”]
I think part of the problem is using block to count until next difficulty change - why not use time. Or would that mess up the coin limit/generation rate.
[/quote]A newly generated block gets its time from the median time of connected nodes. It is possible to have a new block with a time before the previous block. If you base the difficulty on the network time is could be exploited to change the difficulty.
