http://www.dnb.io/Hello everyone ! As you may know, ORB will change its algo to neoscrypt soon (at block #1M), and we are ready for it !
Was this announced somewhere else? I went back a few pages and you're the only one who's mentioned neoscrypt.
ghostlander has posted recently, nothing about a hard fork
follow the link
http://www.dnb.io/Neoscrypt ahead !
posted 11/30/2014 22:41:06
Neoscrypt ahead !
Orbitcoin POW mining is about to change a bit passed block #1M. We will switch from scrypt to a brand new algorithm : NEOSCRYPT !
From the press release :
[...]
As Application Specific Integrated Chip (ASIC) devices transformed the world of SHA256 (e.g. Bitcoin) mining, ASIC devices for Scrypt currencies threaten to do the same thing. The technological arms race that this technology creates means that those who have invested heavily in GPU mining would potentially lose their investments overnight.
NeoScrypt, a strong memory intensive key derivation function, was developed by John Doering (aka "Ghostlander"), a developer for Feathercoin and Phoenixcoin, to tackle that problem.
[...]
In other words : mining for the rest of us :-)
Time for new gears !
Neoscrypt CPU miners and GPU miners already exists and are currently used for other coins, such as Phoneixcoins or Feathercoins.
(By the way, dnb.io now has a PXC baby brother : pxc.dnb.io)
I personally tested these two with success :
CPU Miner (by Ghostlander)
GPU Miner (by Ghostlander)
Other miners might be out there, contact me if you wish to recommend one in particluar.
Attention : to ensure that the transition will take place in the safest way, the pool will put into maintenance mode shortly before we reach block #1M. At this time, inserted shares for the current round might be deleted. We will be up and running again shortly !
and here
https://cryptocointalk.com/topic/929-orbitcoin-orb-information/page-46I'm going to finish a wallet update in a few days, so Orbitcoin can switch to NeoScrypt by block #1M. I have also improved staking performance by 2 to 3 times already. We are going to contact all exchanges anyway when it's ready.
My intention is to reduce the min. age for staking from 5 days to 1 day. Right now, it's a bit more profitable to keep 20 ORB inputs for staking rather than larger ones by following the automatic split/combine process.
Let's suppose an input produces a stake when it reaches 200 coin days. If there are two inputs 20 ORB each, they spend 5 days at zero weight and 10 more days to reach 200 coin days each (20 per day). So, they stake about every 15 days and make 8 ORB in 60 days. If there is one input of 40 ORB, it also spends 5 days at zero weight and 5 more days to reach 200 coin days (40 per day). It stakes about every 10 days and makes 6 ORB in 60 days. That's a large 25% difference.
If the min. age is 1 day, a 20 ORB input stakes every 11 days and a 40 ORB one in 6 days. Two inputs of 20 ORB each make 12 ORB in 66 days and one input of 40 ORB makes 11 ORB also in 66 days. That's an acceptable 8% difference.
If you keep the staking process automatic with a suggested 20 ORB combining threshold and 40 ORB splitting threashold, an average input amount up for staking is 30 ORB. To follow the examples above, it stakes in 7.7 days with a 5% difference which is rather negligible.
more support for holder of ORB great