My account is locked because I put in a fake email and apparently you need to activate through email. If you unlock my account and disable the email stuff I would put some hash there.
For those that weren't here earlier (or don't read all the posts) a few of us move from multipool to meg.smalltimeminer.com
I don't want to sound unappreciative of gr33k's efforts, but I think one problem this coin has is too many pools, and not enough hashing power. As it is, we have found quite a few blocks that may never be confirmed. I can't see moving to another pool and ending up in this situation again. I'm not trying to be pessimistic, and will do my best to help if we can come up with a plan to get this coin moving again.
This is incorrect, actually. There were plenty of people mining this coin before the reward was halved and the bottom fell out of it. A big part of the problem was that the only big pool that was up-and-running right before the crash was at multipool...and a lot of people who were mining MegaCoin over there decided to just switch to the multi port instead. As a result, when things hit the cliff, everybody instantly switched to mining something else. We're still recovering from this rollercoaster hash rate (which created the problem.)
Perhaps you weren't around before this issue, but network speed was over 1 GH/s at points. The slow network speed now is due to the fact that it's taking forever to get the difficulty down to a reasonable level. It's getting there slowly...but the addition of dedicated MegaCoin pools will help for sure. Also, an adjustment to the formula is still a requirement in my opinion. We're still not out of the woods yet...but we're getting there. I really don't want to deal with this again in 30 days (and I guarantee the exact same thing will happen if the formula stays the same.)
As Shellbunner will tell you, I was mining MEGA from day 1. I understand what you're saying about pre-block 42000 mining. The reward change at block 21k didn't cause any problems, so hopefully this is a fixable glitch. Yes the hash rate was growing bigger and bigger. I celebrated each peak with my friends, and we watched the tremendous growth in value. I believe the highest peak was 1.2 Gh/s and a market cap of almost $240k. What I meant was, I don't think we want our hashing power spread too thin. The pool I was in with half a dozen of my friends now solves 1 block about every 5 hours. There only 2 miners left in that pool, VR4mines, and Captn62, because I asked them to stay. We need fewer, and larger pools to get this thing kick-started again (my 2 cents, or should I say 2% of a MEGA). Once I recover some of the blocks I worked on in that pool, I would be happy to join gr33k's pool. Actually if we can come up with a plan to get us going, I'll join in now. I just hate to leave all those unfinished blocks behind, and I hope that pool survives. I feel pretty sure Kimoto will get the issue resolved, but I agree with your earlier post that this is a serious situation. I look at myself as a Crypto coin collector. I'm not in this to jump from pool to pool, and just mining the most profitable coins. I want to see more strong alternatives like Litecoin. Up until this brick wall of difficulty, I was pretty certain MEGA was going to be next major player.
V12AMG