October 17, 2013+++++++++++++++++++++++++++++++++++++++
The CryptoBuck Team would like to address the multiple questions that are coming in the Gmailbox.
Since our last post things have changed in a dramatic way. The Network started mining P.O.S. blocks @ 13709
on Oct.7th. This appeared to be mining just well alongside of the P.O.W. blocks. We had multiple announcements
and giveaways during this time celebrating the smooth transition to POS. Now we have inserted foot into mouth
and are seeing the beginning startup lows of birthing P.O.S. blocks on the network. There are currently many coins
that have gone through this tough transition time, hence CryptoBuck is not immune to it.
Block 13709 did indeed mine just fine in comparison to POW block times. Then we had a long stretch of POW blocks,
and back to a single POS. This continued on for some time. The Block sizes were anywhere from 200-800 in size.
P.O.S. worked great because the Transaction count at this point was so low on them. If you recall when CryptoBuck first launched
we did a 300 Block Rampup at a Reward of 1 on each Block. It appears these smaller P.O.S. blocks were some of these Rampup
blocks maturing.
Block 15638 on October 12th was the start of Multiple P.O.S. blocks all mined in sequence. This is when the Network came
to a screeching halt with participant Mining Power being shut down. The Network at this point was sitting on tons of Transactions
that are now P.O.S. matured and in need of mining. With such a demand of Transaction flow (maturity in coinage) the blocks turned
these transaction Blocks into 1000-7000 in size. This huge increase in Block size made it so the Blocks got mined with Hours in between each one. At this exact
moment is when the miners started dropping off the network as one would expect them to do.
Then came Mega Block 15700 -
https://andarazoroflove.org/explorer/cryptobuck/block_crawler.phpThis block was the block that everyone gave up on. Basically abandoning the network to no Hash Power. We were already down on Hash
Power by 60-70% because of the P.O.S. birthing. Now this block put the network down 95% total in Hashing Power from launch time Numbers.
Block 15700 is (26735) in size. I invite all of you to check out this block on the block crawler posted above and see the transaction log file. It is Pages and
Pages of Transactions for the P.O.S. chain.
We are at an all time low for hashing power making the blocks turn over longer than normal. At the same time we are still mining P.O.S. blocks with
some P.O.W. blocks mixed in. This is why the network is running slower than what we are used to. Once these P.O.S. blocks get past this "Birthing" stage
and back on the multiple P.O.W. sequentially it will ease up.
To protect the Network, and to help the network we are mining at full capacity to get through this. We have put ~14Mh on the official pool, and this has made
the P.O.S. blocks turnover even quicker. If you see the difficulty reporting as 4.483 anywhere, this can be ignored. It's a generic
response on the P.O.S. query.
We were put into a strange scenario with the above explained events, this is truly why we did not want to post anything earlier until we had some kind of
facts to put on the table. We are still monitoring the chain on each and every block. We are dedicated to this project and like we have said in the past we
will be here for a long time coming.
We encourage the miners to put their Hash power back on the Network as this is always the best way to attack the P.O.S. payout Blocks.
For all of the believers in BUK, thank you. We are in this 100% as should all coin developers. We will post any and all updates as they unfold.
We are Trusted, We are Honest, and We are Valued... The above statement is what keeps BUK Trading and Valued on the Exchanges. The investment we have all put into this is still being honored by Many.
We tip our Hat to you and say Thanks!
+++++++++++++++++++++++++++++++++++++++
Currently on Block 15751 http://www.CryptoBuck.comCryptoBuck Block Crawler
https://andarazoroflove.org/explorer/cryptobuck/block_crawler.php
*
Official Pool
http://pool.CryptoBuck.com
*
BUK's are being Bought and Sold @ 3 Exchanges. Profit!
Cryptsy = https://www.cryptsy.com/markets/view/102
BTER = http://bter.com/trade/buk_btc
BTCLTC = https://btcltc.com/home/index/buk_cny
*
CryptoBuck - GAMING
Hash Odds - 16BitBet = http://altcoingambling.com/16BitBet/BUK
Crypto BlackJack = http://cryptoblackjack.kicks-ass.net/index.php?coin_type=29
Thank You to all the CryptoBuck Miners.
Current Mining Info: Straight Strand...
"blocks" : 15751
"difficulty" : 0.00390625 (P.O.S. standard)
