Topic: âš’[CGA] Cryptographic Anomaly - The Elusive Coinâš’ - page 28. (Read 226295 times)

We go from 5-digit block nrs to 6-digit ones ;-)

https://cga.inceptioncraft.net/pool is finally fixed. After an hour of processing the payout backlog (over 900 blocks!), over 300 CGA have been paid out that were stuck there before. If you didn't get your payout, go make sure you've got your payout address right under "Edit Account".
Stratum is back up and working, so you can mine there again as well.

nothing

Go to http://cganomaly.com/anomalygen/ to make a paper wallet like this one here:



Except yours will have a private key

Almost 1600 blocks to go and then we are at block 100,000 - this should take less than 18 hours with the designed 40 sec block finding time,
but due to the large swings in diff (from 0.6 to 16 without change in network hash rate) the actual average time is about a minute and so block 100k will be just over a day away...

s4w3d0ff, thank you so much for the thoughtful and sensible and -quick- response.

Excellent questions:

True, at first if a few titans were to jump into the CGA network it would pretty much "burn out" their rigs for almost no profit, but say that they jumped in not to make a 'quick profit', by dumping the mined coins immediately after mining and move on, but sat in the network for the "long haul", this would raise the difficulty significantly thus making less reward per block and making the CGA at hand more precious to the miners. We would probably see a boom in price per CGA, thus raising its profitability to mine. This has been proven to be the case, look at DOGE for example, they started very low in value (10-20 satoshi I believe) then all the miners started to jump into the network making the mining profitability of DOGE much less, which made the DOGE on hand more valuable, then the 'boom' happened and the price shot up to 300+ satoshi, thus making it one of the most profitable coins once again. I believe this is true for all coins and to run away from progress (ie. ASIC) is running away from your investment.

1) Difficulty isn't exactly directly effected by just the networkhash, the difficulty is determined by the time it takes to solve a number of blocks (in the case of CGA 2 blocks), the software will determine how long it has been between blocks and adjusts the difficulty to try and get close to the 'target time' for block solving (for CGA this is 40 sec). So if someone were to get lucky and solve a block 5 sec after the last block solved then the difficulty will spike, if it takes longer then 40 sec between blocks then the difficulty will drop, so it is more or less 'random' what the difficulty will be but the overall average is effected by the network hash rate. KGW and others are used to "smooth out" the difficulty jumps, but we have found that these have serious exploits and we feel we want to wait until a well tested version of the code is out before we make any changes.

2) Payouts (1/diff and .33333333) are effected by the previous block, not the current one. So if you see a block in the explorer that is worth .123... and the difficulty for that block is < 3 then look at the block before that one and you will see the difficulty that decided the reward for the current block. As for the blocks that claim higher then .33333333, most of the time you are seeing transactions within that block, sometimes (if it is just over .33333333) it is because of a transaction fee that was added to that block. The one thing I have yet to wrap my head around is the blocks that are worth 0, it is probably an integer overflow problem with the difficulty but all the clients seem to agree on the value of the block so it seem not to be a major problem. I have a fix in mind but it would require a hard fork and want to wait a bit before we do such a thing. Besides, it just adds to the 'elusive' factor of this coin so I am not complaining .

True CGA developers:

I suspect the ASIC resistance might prove somewhat true.  I know guys with the 250 meg titans coming in.  To my knowledge, you cannot "split" the hashing.  Correct me if I'm wrong, but especially when mining firepower dedicated to CGA is low, anybody dropping 250 meg onto CGA would pretty much burn themselves (granted, along with everybody else) with the payout system.

Mea culpa, but too busy working on rigs to truly read more today on CGA.

Things I don't understand.

1) Why even when mining levels remain consistent, difficulty tends to jump all over the board.  You could see a < 1 difficutly, then a 6, when hash power dedicated has not changed one iota.

2) when some block payouts, out of nowhere, are odd amounts, even on sub 3 difficulty, like ".15," or "2," not .33.  No time to look up the payouts charts to get exact numbers, but I will, if you don't understand what I'm saying.

Would like to acquire some, but trading is too slow on Allcoin, so I'll move to poloniex

Low volume at the moment but partly because all our exchanges are not listed. I need to get in contact with them ans see if they can update it. But we are still on there.

It is when you look at all coins instead of top 100, it is number 151 at time of writing
http://coinmarketcap.com/all.html

Anyone know why CGA is not appearing on coinmarketcap.com any more?

The latter is one of the reasons that I have been mining this coin since shortly after its launch. Looked into others (or going back to Doge) but said nah - Doge actually abandoned its random rewards, which made its mining somewhat exciting. So, CGA it is!

Edit: and, in contrast to many other coins - CGA latest wallet still allows CPU mining in the wallet itself, so that is another reason
for me to stay with CGA.

I agree with all of the above! Especially active devs, that's why I hold the coin for longterm anyway. Looking forward to CGA's bright future

DAT premine though

Interesting.

32500 or so CGA mined as of this morning

Thanks

Any idea of the amount currently in circulation?

Integration with a ground breaking MMORPG? Possibly not as susceptible to ASIC? Can be mined for generations to come? Is not just another pump and dump? No IPO involved? Active devs? No premine (ok so there was 8 CGA premine but they are all in the hands of the community)? Did I mention active devs??

The thread is pretty long. Anybody cares to tell me what makes this coin so good, besides the unknown scarcity?

HAHA! I guess I will make it 10 then thanks!

Update on paper wallets: I am now having issues with the compressed WIF key, still working on it, must of missed something minor in the code. Hopefully I can sort it all out soon, so we can start killing trees with CGA!