Topic: [ANN] [888] [SCRYPT] OctoCoin ◦ The Power of Eight ◦ Don't Blink - page 128. (Read 297708 times)

There's nothing more to say about coins like this...
It's time for the gamechanger. (After the bonusblocks are over  )

PawnCoin... You're next bitch!

yeah because if you don't logging in constantly is annoying... great share.

we're about to overtake another coin on mintpal! i have my mintpal account auto-logout every 24 hours instead of the default every 45 minutes, (in profile settings) so it's alot easier to just keep a tab on the vote page and whenever i think of it, add +1 for victory ^_^

you are correct

octo will be the next star, nice and wonderful coin,
i am in

Wow, the winner of the latest mintpal vote sure is something. XXLcoin Max Coins: 700,000,000,000. Price 0.00000001 LTC, Sell orders at 0.00000002. Cannot understand how the coin even won, probably voting with a botnet or something like that. I want to buy octos, not coins like that.

sweet action.

Nice, thanks for the update +888

Great new!

 

Just so everybody is aware, 188 blocks are locked and loaded in the updated code and we will release everything ASAP.

@djslick

Yeah, I too think that ASICs aren't as bad as many people believe.
More Hashingpower = harder to get some coins = higher price.
Of course i will be sad this golddigging will have an end, but at least i was part of it.   (man this sounds selfish...)
I mined Octo since day 1 and believe me, when i had to move my miners and couldn't mine for 4 whole days! i was really pissed off  



And yes, i vote for the 188 Blocks  

1) +888 to vote for 188 octo blocks, a no-brainer, and honestly this issue has not been exploited to the best of my knowledge. there have been some farms trying to snipe coins, but i've been on the pools, and have gotten a meaty piece of any bonus block in the last week, i check every few hours, and only under microscopic inquiry has an issue been found, and is immediately being resolved. great job team octo!

2) I was heartened to hear of the added implementation of a new difficulty switching algorithm being introduced. I feel that this is the ideal solution for continued mining success, ESPECIALLY as these scrypt asics are starting to come online. just wait until one guy with a KnC titan can double the total net hashrate, this is definitely something to keep in mind, and on the radar. I believe that switching the algorithm to something like x11 or scrypt-n is NOT the right path forward, as it would alter the nature of what this coin was founded on. Us GPU miners have had more than enough of a "honeymoon period" to mine, clearing the way for the scrypt asics is only the natural procession. Being able to court a few KnC titans onto our network will not only strengthen the coin, but it will rattle some cages once we see the network hashrate going through the roof. Man i wish i had one of em! but honestly by now, if you haven't been mining octo every waking minute, then you've been doing it wrong. I think that we need to clear the way for the rapid explosion in growth the moment OCTO lands on Mintpal (boo cryptsy). this will also include the need for more operational pools, and for the existing pools to be reinforced. time will tell, but i have a feeling that when it happens, it's going to be chaotic if we're unprepared. and if the OCTO devs have proven anything to us, it's that they're never behind the 8-ball

all that being said, what if someone came on the network with just 3 or 4 KnC miners, could they strip-mine the coin? perform a %51 attack? etc? i hope that safeguards are being implemented to save off these kinds of very unfortunate but forseeable future events?

I'm sure you have already, but try emailing them at [email protected]
I tried the contact form on the pool's site for weeks, and it never went through.
They've responded to my emails, so I'm sure they will respond to you.

thanks for the explanations

I wonder what the deal is.... last time they posted here they said they'd have someone watching this board more often for instances such as this.

Seems this would be a good time to reactivate the P2Pool that was once running very well with this coin.
Currently there are 2 US based nodes and one in EU.

http://octoscanner.qemulab.com/

If you want to set up your own node please use this repo:

https://github.com/TheoRettisch/p2pool-octocoin

Seems there is finally some movement with this coin after the Devs are awake from their winter sleep 

During the "bonus block period" we are in the midst of right now, the average block reward is 188 coins/block. This average is calculated from 7/8 blocks containing 88 coins and 1/8 blocks containing 888 coins (the bonus block). If we completely dropped the bonus blocks without any other changes, it would change all of the specifications for the coin. Total number of coins would drop and this bonus period would come to an abrupt end. We chose the specs we did for specific reasons and, as a result, the only proper way to remove the bonus blocks from the equation is to increase the standard block reward to 188 coins/block and remove the random bonus blocks completely for the remainder of this phase. Then, in about a month, the reward will drop to 88 coins/block as scheduled. This will result in the same number of coins and the same speed of distribution while simultaneously eliminating the opportunity for exploiting the bonus blocks. As everyone seemed to agree on the 188 coins/block solution, one of our developers has already begun moving forward on the new client+fork.

There will be no loss of coins - as long as you have the new client running before block 68,888 (as well as the pool you're mining on if you're mining in a pool) the transition should be quite smooth. There is zero chance of losing any coins you've already mined pre-fork even if you didn't have the new client running in time as the fork will not occur until that point. I know the term "hard fork" sounds scary and we have all experienced a fork-fiasco and/or heard horror stories but we are well-prepared for this one. We have performed extensive testing and we are in full control of all of the nodes - we are confident this will be a breeze.