Difficulty Discussion - Fork Update - Bushstar
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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.
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[quote name=“Bushstar” post=“2230” timestamp=“1368203680”]
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 issue is more the confirmations though - moving them around is very difficult atm.
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If the proposal you suggested will work even short term, not only to continue the confirmations which are important, but to also keep the interest of miners, then I say go for it.
Meanwhile, we can continue to see how that option plays out while you assemble the suggestions you’ve been getting into something viable to implement long term :)
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Remember that doing this would create a hard fork in the block chain. Everyone would need to update to the latest version of the client. Anyone who did not would never see the blocks generated from the revised version. There is a risk that people could trade on the old block chain without these transaction existing on the new chain.
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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.
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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?
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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.
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[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.
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[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 :P We’ll be the first! haha
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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?
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[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?
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[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?
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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.
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[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.
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[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)
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[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.
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Will spread the word about give-me-ftc.com over BTC-e chatbox when LTC difficulty jumps. Might get a few converts.
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Awesome.
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[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…
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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.
