Topic: [ANN] Catcoin - Scrypt meow! - page 91. (Read 470761 times)

I disagree. The confirmation time being reduced from the regular 120 down to 60 was a desperation move, while blocks were being solved once every hour or two, back when we were still at difficulty 172 and miners were leaving mining Catcoins in large numbers, to try to retain some mining. In practice, recognizing confirmation faster than the coin network itself is unsustainable and risky to the pool (i.e., can cause the pool to go bankrupt), because there is always the risk of a fork, and if a pool pays out after only 60, then a fork is discovered, and the users pull out the funds, and the pool loses the coins it thought it had, then it is bankrupt. Even without a fork, a pool can go bankrupt, because the supply of immature coins cannot be spent, and if enough people chose to withdraw their CATs before they became available to the pool, unless the pool has sufficient reserves of CATs it is willing to loan pending the immature coins maturing, it physically cannot allow withdrawals. So lowering confirmations is a fiction - what is really happening is the pool operater is loaning CATs without any security or collateral - except immature coins, which if they become revoked, the pool operator is out the coins. There is a limit to how long this kind of practice can continue and limit to how much Catcoin network hashrate can increase before pools offering 60 confirmations will have to stop offering it - or some of the pools will start having trouble timely honoring requests for withdrawal.

With the very long block times now behind us, all the pools should return to waiting for 120 confirmations, because that matches the behavior of the QT wallet, and is standard.

Etblvu1

Coinium is a huge share of network hashrate, but I don't think it's above 51% yet -- I've added an "Unknown" section to http://catcoins.biz/charts/ that shows the pie slice of total hashrate that's unaccounted for.

Thanks for all the effort. You might also want to add to the site that p2pool.name has a 0% fee for 36 hours.

Post your stats, just for fun

http://i.imgur.com/bvFHLM7.jpg

a HP Pavilion G6 With CPU A8+4500M with dual grahpics AMD Radeon 7600M +7670M
And a Quad core q6600 desktop

Yes, the laptop gets as hot as your mother.

From the chart, conium looks at 75% right now.... That does smell bad, no?

+1

Let's not centralise Catcoin.

He is located in germany. maybe he is working on problems ad will leave a message here

Thanks for the suggestion! Using local hashrates now

Actually I think I know one of the main reasons Coinium is still so large at the moment: It's the only major pool currently active with only 60 confirms for round earnings, other than Luckyminers which has 59 (Poolerino seems to be down and I'm not aware of any of the other major pools having 60 confirmations, hell Team Catcoin has 200).

I don't think this problem will truly go away until more pools bring the confirmation time down.

WTF, some here
Hope they recover soon

Very nice! 'Solidpool.org P2Pool' and 'P2Pool.name' should probably either be merged under 'P2Pool' (with links to both nodes) or each node should have its actual local hashrate listed next to it (currently both nodes have the same global P2Pool hashrate next to them).

EDIT: Nevermind, must have been a glitch or something. Coinium is still above 51% though.

Hi, can any body tell me what happens the last 12 hours @ poolerino pool
Did mine the whole night, no coins in my wallet, poolerino down

FEE=0% next 36 hours !

Come and join p2pool.name:9333.
We need more diversity !
Join a p2pool and forget about changing the pool every few minutes.

You can check our actual fee with http://p2pool.name:9333/fee.

Cryptocoins are based on peer 2 peer. Our pools should also!
Join a p2pool today and give our CAT's strength and diversity for a long live.

Happy mining
Knauf1

Lol. Poolerino was on the wrong fork, that is what caused the issue. I never FORCED anyone to sign up at poolerino everyone had a choice to choose which pool they wanted, and many chose coinium.. Nullu what pool did you choose? All i did was suggest the pool since it actually being the number 1 pool and also it was the first pool that help supported catcoin when it was in the dark.

Just look at what happend when poolerino went down everyone changed over to coinium, that was there own descion and thats why the admin had to close registrations cause of a 51%. If Mike was acctually online he could of closed the registrations when it was at 40-45%.

Overserio are you still mad that i used your information or something? well ive changed that now to the official website & i dont ask for donations in every post, there going back into the community anyway running giveaways is costy but aslong as its keeping the community happy im happy.

Mainly, you should all be thanking me for emailing all the catcoin supporters about this fork and telling them to point there hashrate back to catcoin.

Disappointed in Nullu, even thinking this.

It's currently being calculated using the median hashrate estimates for the last 5 blocks. Not sure how MPOS does it

Coinium is still gaining over the others..

I've joined CatPool since Poolerino seems to be having much issues lately and cryptovalley doesn't have enough hash rate. I'll stay there for a while.

lol did someone just change the page to say "Estimated", sneaky

IMO all of the larger pools should lock registration or something for a few days. Let the smaller ones soak up some of the hashrate.

Coinium seems to be gaining even more hashrate as time goes on as well. Something needs to be done or another fork is inevitable. Catcoin may not survive any more major forks.