My cottage has stronger walls than this coin... Thanks for easy profit. 
Topic: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ BOUNTY AVAILABLE to make BEN merge mineable!! - page 33. (Read 94436 times)
March 06, 2014, 11:12:29 AM
Dumped from 4400 back to 2X00 satoshi My cottage has stronger walls than this coin... Thanks for easy profit.
My cottage has stronger walls than this coin... Thanks for easy profit. March 06, 2014, 10:40:12 AM
There does not seem to be many people mining now. Why is this? Also how is this paysha thing coming along?
March 06, 2014, 09:01:43 AM
Holy cow NorCalNewbie707 on ben.hashers.ca jumping in with 50+ghs --and also donating to the exchange. KUDOS TO YOU miner of note! Yours is a heady pace we shall see who is equal to you. So far: You are the King.
Yes, he was a solid miner, but I think he's moved on to one of my other pools now as we haven't found a BEN block since the diff change.
March 06, 2014, 01:58:48 AM
Holy cow NorCalNewbie707 on ben.hashers.ca jumping in with 50+ghs --and also donating to the exchange. KUDOS TO YOU miner of note! Yours is a heady pace we shall see who is equal to you. So far: You are the King.
March 06, 2014, 12:28:53 AM
March 06, 2014, 12:20:52 AM
Would be nice to get a Ben to CNY market
And Chinese ghs per second would also be helpful.
Confucius say: Libraries are very good
Benjamin say: Libraries are very good
So much international win! Ben would probably smile knowingly were he here.
March 05, 2014, 11:02:27 PM
Would be nice to get a Ben to CNY market
March 05, 2014, 09:53:32 PM
Thanks for the posts. Hopefully Bter likes BEN
March 05, 2014, 07:34:51 PM
Agreed. I would bring the words out a bit, but leave old Benny nice and light
Nice start, though. We can always use more graphics for our ads!
Nice start, though. We can always use more graphics for our ads!
March 05, 2014, 07:08:19 PM
I think that is really hard to read.
March 05, 2014, 06:59:03 PM
http://i.imgur.com/WKDXW2I.png
http://i.imgur.com/WKDXW2I.png
Just fooling around...
What do you think?
http://i.imgur.com/WKDXW2I.png
Just fooling around...
What do you think?
March 05, 2014, 06:37:48 PM
Let Bter know you want Benjamins. Quote the post so they have to see it 
https://bitcointalksearch.org/topic/m.5536278
https://bitcointalksearch.org/topic/m.5536278
March 05, 2014, 05:03:13 PM
we aren't on the list, yet.
March 05, 2014, 04:52:18 PM
Don't see Benjamins on that list, but we are on way more exchanges than most of those coins anyway
March 05, 2014, 04:02:51 PM
Still in touch, lots of Chinese traffic on the website, still. Russia just passed UK as #3
March 05, 2014, 03:56:19 PM
Rather than try to understand the maths involved with the difficulty I'll just move on to ask:
Any word on BTC38?
I heard they are about to launch an English interface:
https://bitcointalk.org/index.php?topic=501433.new#new
Any word on BTC38?
I heard they are about to launch an English interface:
https://bitcointalk.org/index.php?topic=501433.new#new
March 05, 2014, 03:38:44 PM
The general consensus last night was to let it be. This will keep the block time of all 4 coins on Paysha at 10 minutes
What does this mean for Benjamins?
It's going to suck mining for a little while. The difficulty keeps increasing, because we should only be on block 4500ish right now, not 20,000. We got way ahead early because so many ASIC miners jumped on before the first few adjustments. Benjamins will become extremely hard to mine for the next month, or even longer, depending on hash rate. Paysha will support BEN even if the transactions are slow for the first few months due to the problem. Both teams feel as if 10 minute blocks are better in the long run for network and transaction security, regardless of the short term damage. Changing the difficulty now would alter the lifespan of the coin to a degree that would ruin it. It would be mined out too fast. I know it seems like it's broken, but it's the exact opposite. Benjamins network is spiking difficulty to fix itself, rather than allow more Benjamins to be mined ahead of schedule
Thanks for your continued support of Benjamins
I assume the next few pages will be extremely negative, and it's deserved, so let's have it
What does this mean for Benjamins?
It's going to suck mining for a little while. The difficulty keeps increasing, because we should only be on block 4500ish right now, not 20,000. We got way ahead early because so many ASIC miners jumped on before the first few adjustments. Benjamins will become extremely hard to mine for the next month, or even longer, depending on hash rate. Paysha will support BEN even if the transactions are slow for the first few months due to the problem. Both teams feel as if 10 minute blocks are better in the long run for network and transaction security, regardless of the short term damage. Changing the difficulty now would alter the lifespan of the coin to a degree that would ruin it. It would be mined out too fast. I know it seems like it's broken, but it's the exact opposite. Benjamins network is spiking difficulty to fix itself, rather than allow more Benjamins to be mined ahead of schedule
Thanks for your continued support of Benjamins
I assume the next few pages will be extremely negative, and it's deserved, so let's have it
I respect your decision to keep the 10-min block times, but I still have the same concerns as posted earlier. I still think the increased block time until the coin "fixes itself" is going to be an issue. BEN has already gone from 32 min block times to 50 min block times since I posted about this yesterday, less than 24 hrs ago. At that rate BEN is 70 days away from the next retarget. I have no doubt this will continue to increase until BEN is looking at several months, maybe even a year to retarget the diff again. I have seen this happen with many, many coins before.
I'm also concerned this coin will not be "fixed" at the next diff adjustment either. At the next diff adjustment, BEN will be at block 26,208 - depending on when that happens, BEN still might be ahead of schedule in terms of block height. I think there is a fair chance the diff will adjust even higher at block 26208, making things even worse.
For example (maybe my math is wrong, but I don't think it is):
70 days at "normal" block rate of 10 minutes should produce 10,080 blocks
This means expected block height 70 days from now would be ~14,500ish blocks
At current network rates, 70 days from now we will be at block 26,208 - still way over schedule
You are correct. However, even if we were to adjust difficulty now, it would slowly creep up and each block would get harder and harder. This way it will stay this hard for a while and the jumps will be bigger, but less often. Instead of slowly creeping up every block, we hope the jumps will stall enough time to drive it back down to where it should be in the next few adjustments
March 05, 2014, 03:19:53 PM
[...]
At that rate BEN is 70 days away from the next retarget. I have no doubt this will continue to increase until BEN is looking at several months, maybe even a year to retarget the diff again. I have seen this happen with many, many coins before.
[...]
At current network rates, 70 days from now we will be at block 26,208 - still way over schedule
Overschedule for what? I need to understand more about these things, forgive me if I am dense. The world will surely go through at least one war inside 5 years, so, I think capital flight will be more of a factor. I intend to mine a solid coin perhaps not BTC but something with a spine, something not premined. I like the plain and hard face of Benjamins, sure, there will be lots of market violence, but that is as may be. What coin hath a steady keel laid by a steady hand? I will mine that coin.
What coins did you say you worked on? I want to learn more, because I have some cool ideas and I am interested to hear people talk about coinwarz (where I found Benjamins) and the general state of cryptomining. You speak of crapcoins of antiquity, upon which ye have sweated without payment?? what coins are they? Thanks for the info, I appreciate all the smart people in these sectors.
March 05, 2014, 03:02:01 PM
The general consensus last night was to let it be. This will keep the block time of all 4 coins on Paysha at 10 minutes
What does this mean for Benjamins?
It's going to suck mining for a little while. The difficulty keeps increasing, because we should only be on block 4500ish right now, not 20,000. We got way ahead early because so many ASIC miners jumped on before the first few adjustments. Benjamins will become extremely hard to mine for the next month, or even longer, depending on hash rate. Paysha will support BEN even if the transactions are slow for the first few months due to the problem. Both teams feel as if 10 minute blocks are better in the long run for network and transaction security, regardless of the short term damage. Changing the difficulty now would alter the lifespan of the coin to a degree that would ruin it. It would be mined out too fast. I know it seems like it's broken, but it's the exact opposite. Benjamins network is spiking difficulty to fix itself, rather than allow more Benjamins to be mined ahead of schedule
Thanks for your continued support of Benjamins
I assume the next few pages will be extremely negative, and it's deserved, so let's have it
What does this mean for Benjamins?
It's going to suck mining for a little while. The difficulty keeps increasing, because we should only be on block 4500ish right now, not 20,000. We got way ahead early because so many ASIC miners jumped on before the first few adjustments. Benjamins will become extremely hard to mine for the next month, or even longer, depending on hash rate. Paysha will support BEN even if the transactions are slow for the first few months due to the problem. Both teams feel as if 10 minute blocks are better in the long run for network and transaction security, regardless of the short term damage. Changing the difficulty now would alter the lifespan of the coin to a degree that would ruin it. It would be mined out too fast. I know it seems like it's broken, but it's the exact opposite. Benjamins network is spiking difficulty to fix itself, rather than allow more Benjamins to be mined ahead of schedule
Thanks for your continued support of Benjamins
I assume the next few pages will be extremely negative, and it's deserved, so let's have it
I respect your decision to keep the 10-min block times, but I still have the same concerns as posted earlier. I still think the increased block time until the coin "fixes itself" is going to be an issue. BEN has already gone from 32 min block times to 50 min block times since I posted about this yesterday, less than 24 hrs ago. At that rate BEN is 70 days away from the next retarget. I have no doubt this will continue to increase until BEN is looking at several months, maybe even a year to retarget the diff again. I have seen this happen with many, many coins before.
I'm also concerned this coin will not be "fixed" at the next diff adjustment either. At the next diff adjustment, BEN will be at block 26,208 - depending on when that happens, BEN still might be ahead of schedule in terms of block height. I think there is a fair chance the diff will adjust even higher at block 26208, making things even worse.
For example (maybe my math is wrong, but I don't think it is):
70 days at "normal" block rate of 10 minutes should produce 10,080 blocks
This means expected block height 70 days from now would be ~14,500ish blocks
At current network rates, 70 days from now we will be at block 26,208 - still way over schedule
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