Feathercoin daemon and wallet production version 0.17.0.1

Difficulty Discussion - Fork Update - Bushstar


  • | Tip leotian

    First,I am a miner.
    But it does not mean that i take the profile first.
    you said keep miners gain are dangerous,i do not agree.because of current system,miners come and go are dangerous.but what if they will stay or nothing effect of even they left?
    whatever,i hear your voice and i am glad to contribute for feathercoin. i agree that there are many test for the idea.

    and for suggestion,i suggest that ftc client can at least recieve message from you or FTC Group so that they will know when and how and what they have to update the client.


  • | Tip Bushstar

    [quote name=“Nutnut” post=“2240” timestamp=“1368204761”]
    You’d need to advertise it everywhere - bitcointalk, trollbox, etc. Get the word out there, give people fair warning, set a time and date and go for it. There will be the haters without a doubt but it’s a problem that needs to fixed unfortunately. FTC has become a victim of its own success. If we do just wait out the 20+ days, when it drops back to diff 20 the same thing will happen.
    [/quote]

    The difficulty can only go up or down by a factor of four, not as much as the stats page says. We have a web developer styling the explorer to be in line with the rest of the site this weekend. I’ll get him to correct the bug on the stats page.

    [quote author=aysyr link=topic=363.msg2243#msg2243 date=1368204900]
    Yea unfortunately… TRC was able to successfully do it and I think they might have had a larger user base at the time, but they got through it. With all the places that FTC is mentioned nowadays it should be easier for us to accomplish it. Are there no ways to update to the client to let users know when a critical update is available?
    [/quote]

    I was thinking about this. The client can check the current version against one of the DNS Seeds and let the user know if a newer version is available.


  • Regular Member | Tip aysyr

    [quote name=“Bushstar” post=“2248” timestamp=“1368205956”]
    [quote author=aysyr link=topic=363.msg2243#msg2243 date=1368204900]
    Yea unfortunately… TRC was able to successfully do it and I think they might have had a larger user base at the time, but they got through it. With all the places that FTC is mentioned nowadays it should be easier for us to accomplish it. Are there no ways to update to the client to let users know when a critical update is available?
    [/quote]

    I was thinking about this. The client can check the current version against one of the DNS Seeds and let the user know if a newer version is available.
    [/quote]

    Yup, the important part is just getting out the message to users about any important updates to warn them before doing any transactions. That way if they don’t regularly look at FTC media (forums, chatbox, etc) they can still be notified of the update. Even knowing the client version is good, since I can never tell if my client update for any coin is successful since I don’t know the before/after versions. I’m actually surprised that no coin client has done this yet 😛 We’ll be the first! haha


  • | Tip omnom

    This is a huge problem, we cant move our FTC.

    I have sent a .5 k to another adress about 3 hours ago, they had reached 4/6 conf and now they came back to ?.

    What is going on? I have 48 active connections…

    Should I worry?


  • | Tip Bushstar

    [quote name=“omnom” post=“2254” timestamp=“1368206832”]
    This is a huge problem, we cant move our FTC.

    I have sent a .5 k to another adress about 3 hours ago, they had reached 4/6 conf and now they came back to ?.

    What is going on? I have 48 active connections…

    Should I worry?
    [/quote]

    Can you PM me the transaction details so I can check?


  • | Tip omnom

    [quote name=“Bushstar” post=“2265” timestamp=“1368208885”]
    [quote author=omnom link=topic=363.msg2254#msg2254 date=1368206832]
    This is a huge problem, we cant move our FTC.

    I have sent a .5 k to another adress about 3 hours ago, they had reached 4/6 conf and now they came back to ?.

    What is going on? I have 48 active connections…

    Should I worry?
    [/quote]

    Can you PM me the transaction details so I can check?
    [/quote]

    I am away from my wallet pc, i will return in 2-3 hours prob. Will you be online?


  • Regular Member | Tip zerodrama

    the problem is solved. give-me-ltc is the most trusted ltc pool and now give-me-ftc exists.

    there is no code change needed. we just needed to make our case.

    trust me on this.

    send everybody to serraz’s give-me-ftc.com pool. he has anti ddos measures, security measures. not just a fly by night shop.


  • Regular Member | Tip thep33t

    [quote name=“Bushstar” post=“2230” timestamp=“1368203680”]
    Let’s talk about difficulty. There are a lot of people who are keen to see a technical change to the way that difficulty is handled. These requests are down to Feathercoin being at a high difficulty compared to the amount of hash power on the network.

    One proposal is a difficulty adjust every 504 blocks and at a difference of 40% maximum.

    There have been some interesting suggestions put forward that would take more time to implement and test than it would take for us to get out of the current high difficulty. Perhaps the solution is an involved one and will not be seen soon.

    Miners are important but there is already a lot of coins in circulation. A dry spell in new coins does not mean the end of the coin. So do not get too worried about this.
    [/quote]

    Even if a fix takes longer to implement than this current difficulty spell, what about the next one, or the one after that?

    If FTC stays somewhat valuable, this will continue.

    I think it is worth investigating fixes -whether or not they get implemented is ultimately up to the populus.

    [quote author=zerodrama link=topic=363.msg2270#msg2270 date=1368209712]
    the problem is solved. give-me-ltc is the most trusted ltc pool and now give-me-ftc exists.

    there is no code change needed. we just needed to make our case.

    trust me on this.

    send everybody to serraz’s give-me-ftc.com pool. he has anti ddos measures, security measures. not just a fly by night shop.
    [/quote]

    How exactly will this fix anything with the difficulty/transfer time. Solo Mine, pool Mine, whatever, diff is still the same. Transactions do not go any faster there vs. any other pool.


  • | Tip Armandoke

    [quote name=“Bushstar” post=“2265” timestamp=“1368208885”]
    [quote author=omnom link=topic=363.msg2254#msg2254 date=1368206832]
    This is a huge problem, we cant move our FTC.

    I have sent a .5 k to another adress about 3 hours ago, they had reached 4/6 conf and now they came back to ?.

    What is going on? I have 48 active connections…

    Should I worry?
    [/quote]

    Can you PM me the transaction details so I can check?
    [/quote]

    I’ve just sent you a pm with a transaction ID of dissapearing wallet transactions. (Received 10 and sent out 10 FTC)


  • Regular Member | Tip zerodrama

    [quote name=“thep33t” post=“2276” timestamp=“1368210293”]
    [quote author=Bushstar link=topic=363.msg2230#msg2230 date=1368203680]
    Let’s talk about difficulty. There are a lot of people who are keen to see a technical change to the way that difficulty is handled. These requests are down to Feathercoin being at a high difficulty compared to the amount of hash power on the network.

    One proposal is a difficulty adjust every 504 blocks and at a difference of 40% maximum.

    There have been some interesting suggestions put forward that would take more time to implement and test than it would take for us to get out of the current high difficulty. Perhaps the solution is an involved one and will not be seen soon.

    Miners are important but there is already a lot of coins in circulation. A dry spell in new coins does not mean the end of the coin. So do not get too worried about this.
    [/quote]

    Even if a fix takes longer to implement than this current difficulty spell, what about the next one, or the one after that?

    If FTC stays somewhat valuable, this will continue.

    I think it is worth investigating fixes -whether or not they get implemented is ultimately up to the populus.

    [quote author=zerodrama link=topic=363.msg2270#msg2270 date=1368209712]
    the problem is solved. give-me-ltc is the most trusted ltc pool and now give-me-ftc exists.

    there is no code change needed. we just needed to make our case.

    trust me on this.

    send everybody to serraz’s give-me-ftc.com pool. he has anti ddos measures, security measures. not just a fly by night shop.
    [/quote]

    How exactly will this fix anything with the difficulty/transfer time. Solo Mine, pool Mine, whatever, diff is still the same. Transactions do not go any faster there vs. any other pool.
    [/quote]

    Give me ltc miners are the most dedicated miners you will find and they DO NOT come in here threatening and throwing their weight around. They will switch over to the ftc pool quickly.

    We don’t need miners on power trips. We need people who actually care. Serraz’s customers are the best customers.

    And serraz’s pool uses 10 confirms not 120.


  • Regular Member | Tip Magic8Ball

    Will spread the word about give-me-ftc.com over BTC-e chatbox when LTC difficulty jumps. Might get a few converts.


  • Regular Member | Tip zerodrama

    Awesome.


  • | Tip omnom

    [quote name=“Bushstar” post=“2265” timestamp=“1368208885”]
    [quote author=omnom link=topic=363.msg2254#msg2254 date=1368206832]
    This is a huge problem, we cant move our FTC.

    I have sent a .5 k to another adress about 3 hours ago, they had reached 4/6 conf and now they came back to ?.

    What is going on? I have 48 active connections…

    Should I worry?
    [/quote]

    Can you PM me the transaction details so I can check?
    [/quote]

    It took very long but it was resolved

    unforunately this diff. is pushing people to mass sellouts…


  • Regular Member | Tip ghostlander

    It’s not known for sure why FTC has dropped in price to 0.0013 on BTC-e today. I guess it has something to do with Vircurex being hacked.


  • Regular Member | Tip Markus1337

    It was still dropping before Vircurex went offline 😕 I donno if people are right that it’s dead or stock as many FTC as I can whilst it’s cheap… :S


  • Regular Member | Tip ghostlander

    I see over 1 million FTC in sell orders on BTC-e alone. That’s 1/6th of a total currency in circulation.


  • Regular Member | Tip zerodrama

    having a small diff to start with is what caused this

    making software tweaks isn’t going to help because until the circulation is decentralized it will keep doing this

    unless…


  • | Tip archminer

    [quote name=“Bushstar” post=“2230” timestamp=“1368203680”]
    Let’s talk about difficulty. There are a lot of people who are keen to see a technical change to the way that difficulty is handled. These requests are down to Feathercoin being at a high difficulty compared to the amount of hash power on the network.

    One proposal is a difficulty adjust every 504 blocks and at a difference of 40% maximum.

    There have been some interesting suggestions put forward that would take more time to implement and test than it would take for us to get out of the current high difficulty. Perhaps the solution is an involved one and will not be seen soon.

    Miners are important but there is already a lot of coins in circulation. A dry spell in new coins does not mean the end of the coin. So do not get too worried about this.
    [/quote]

    The problem is not the dry spell in new coins, but rather the risk of a 51% attack and the fact that the coin is unusable at the moment due to the time it takes to move coins around.


  • | Tip whenhowwho

    Ok we can solve this issue. 504 blocks make a soft re-target 10-30% and a hard re-target for whatever it needs to be every 8064 blocks. My reasoning is this bitcoin and the magical 2016 block diff target was based upon a block being generated every 10 minutes ish. This coin is 4x that so it needs to both retarget faster [i]and[/i] slower. Faster to avoid super long confirmations (no confirmation=no transactions = dead coin) and slower to reflect the long term sampling. The faster would be a soft re-target in other words not a full difficulty change but a percentage of target difficulty this would even out the initial hoppers hash fluctuation (what we are seeing right now) and help to ensure that the network can still handle transactions in a timely manner. Somehow in my head I have this picture of a nice calm beach and waves coming in nice and peaceful like as opposed to building your sand castle just in time to notice the tide has gone waaaaaaay out and here comes a 50 story wave to ruin your day.

    I think it could be done with an update patch of sorts like they did with the bitcoin client a little ways back. Just my .02 ftc.

    if i have entertained you helped you or etc donate your hashing power to a pool of your choice and let get through this!


  • Regular Member | Tip ghostlander

    [quote name=“Bushstar” post=“2230” timestamp=“1368203680”]
    One proposal is a difficulty adjust every 504 blocks and at a difference of 40% maximum.
    [/quote]

    That’s better than what we have now. People are losing faith in FTC and sell it at ridicuosly low prices. Transactions take long to get confirmed, 51% attack threat, etc. Some kind of averaging window may also be implemented, but it needs more testing to justify. For instance, to retarget every 504 blocks or even less, but to calculate geometric average over 2016 blocks.