Ive tried to get into this coin , its a nice wallet and i like a new algo that cannot be rented , has potential . Although im done with it now
.. it saddens me to see that 1 entity is taking 80% or so of the network and manipulating it to their favour because they have such a stupidly massive gpu farm .
Its Nice to try n solo it on a smallish rig and see 10 blocks get solved within 30 seconds in the time it should take 1 block ... then see it locked up for a period as diff goes high ........... just to see it unlocked and 20 more blocks get smashed again within a minute .
Seems to me some miner is making sure he gets 80% of the coins , you cant rent this algorithm but its not stopping this sort of activity , some may say oh thats just a pool , if its a pool they are strategically stopping and starting insane hashrates periodically to thier own benefit and kinda ruining it for other miners . Anyhow if you were not aware of this from an investors perspective , heed my warning ... its quite likely your lining the pockets of 1 friggin huge miner while everyone one else mining with little things outside a pool has no friggin chance and it is just part of thier game . I thought crypto was supoosed to be decentralised ... i guarantee this is not .
I am done with coin , sorry to say this but it is the reality of it .
In regard to the hash rate estimation procedure - there is no massive miner going on and off the farm every 30 seconds, what is happening is the hash rate of the previous block is displayed based on the difficulty of the block previous. This allows Denarius to retarget the difficulty every single block to prevent large miners coming onto the network and smashing out blocks, as if someone comes on with 50Gh/sec of hashing power, the difficulty will jump instantly; as opposed to other coins which take many blocks to retarget the difficulty and display a network hash rate based upon the average of those previous blocks, allowing large farms to jump on and mine many blocks and then jump off when the difficulty actually starts rising.
You can get a more averaged hash rate by dividing the reported hash rate by the block difficulty e.g. 250GH/sec / 1747 =
DNR 86274 - diff 1747.956333872 hash 250247.176
DNR 86275 - diff 473.845110998 hash 67838.309
DNR 86276 - diff 1122.264795224 hash 160669.686
DNR 86277 - diff 2104.246491046 hash 301255.662
In reality you are looking at a sustained hash rate of:
250247/1747*1000 = 143Gh/sec
67838/473*1000 = 143Gh/sec
160669/1122*1000 = 143Gh/sec
301255/2104 = 143Gh/sec
So please don't be discouraged by the hash rate report, it is simply a side effect of the unique difficulty retargeting system deployed by Denarius which will protect from things such as a 51% attack, in combination with PoS blocks which occur at least once every 15 blocks, effectively disabling the ability to chain blocks past coinbase maturity.