Topic: [ANN] [PEC] PeaceCoin! - Released! ---- PeaceCoin Design Contest is up! - page 2. (Read 32266 times)
February 24, 2014, 08:20:44 PM
WTS 7211 PEC
February 20, 2014, 03:40:10 PM
Will donate my 25k PEC to anyone willing to attempt a jumpstart of this stalled coin.
I can probably get the network moving again, but it won't fix the retarget issue. See my earlier post in this thread about this.
February 20, 2014, 03:35:18 PM
Will donate my 25k PEC to anyone willing to attempt a jumpstart of this stalled coin.
February 20, 2014, 07:11:45 AM
no hope from me. 33k PEC was flied away...
February 19, 2014, 09:51:09 PM
Wait... is wallet working ? is there any trade market available ?
The wallet is working but barely any blocks are being found. It has taken more than 3 weeks to find the last 7 blocks.
PEC was listed on one exchange which abruptly shut down a couple of weeks ago.
See my earlier posts for detail on why this coin has stalled.
February 19, 2014, 04:04:25 PM
Wait... is wallet working ? is there any trade market available ?
February 19, 2014, 10:40:23 AM
We need POOOLLLLL
I can create a pool in the weekend if needed, but we need lot of miner to go at 16 difficulty
February 19, 2014, 10:16:12 AM
We need POOOLLLLL
February 15, 2014, 09:59:46 PM
Another FORGOTTEN COIN !!!!!!!!!!!!!!
Until you decided to bring it back up. February 15, 2014, 09:53:43 PM
Another FORGOTTEN COIN !!!!!!!!!!!!!!
February 15, 2014, 07:32:48 AM
It has a big difficulty, so only people with powerfull mining hardware can make the blocks to go ahead, until difficulty will retarged again
February 15, 2014, 07:03:35 AM
What happen to this coin ? 
February 09, 2014, 01:23:11 PM
just start mining otherwise nothing will happen
February 09, 2014, 04:25:13 AM
If the programmer didn't come back in a week to solve, and no one with big power take it, maybe your ticks is the latest possiblity.
February 08, 2014, 06:28:53 PM
I've had a think about it and concluded it may actually be possible to pull off the same trick with PEC that I did with GRW. It would be more difficult but should still be doable.
The big problem is that doing this would invalidate the last ~165 blocks of the current chain, which means those who mined it lose their funds. That's 144k PEC down the drain. On the other hand, they're worth near zero if the network stays stalled...
The other problem is that if the coin takes off again we may see another 4 -> 16 diff jump, and we're back to square one.
The big problem is that doing this would invalidate the last ~165 blocks of the current chain, which means those who mined it lose their funds. That's 144k PEC down the drain. On the other hand, they're worth near zero if the network stays stalled...
The other problem is that if the coin takes off again we may see another 4 -> 16 diff jump, and we're back to square one.
February 08, 2014, 06:23:12 PM
How can it be fixed? In the short term, someone nice could throw some hashing power at it to keep the network moving. Being re-listed on an exchange would also pick up interest again.
Thanks for the information.
Unfortunately I can give only 19Kh/s to the newtwork, maybe a lot below difficulty of 16
February 08, 2014, 06:14:22 PM
A similar problem was resolved for Growthcoin without the support of developer:
https://bitcointalksearch.org/topic/m.4987820
maybe someone can try.
https://bitcointalksearch.org/topic/m.4987820
maybe someone can try.
No, that was a totally different problem; the network stalled due to a negative retarget. (I was the person that got GRW moving again)
Peacecoin is 'stuck' because difficulty quadrupled, and will not be changing back down for a very long time. This is the same problem that has plagued other coins - people jump on it, then difficulty suddenly leaps, everyone leaves because the high difficulty means it is no longer profitable, and the network effectively stalls. There is no technical problem with the client (apart from the ridiculously long retarget period), it's just that barely anyone is mining it now.
The loss of the only exchange that could trade PEC was probably also a factor.
How can it be fixed? In the short term, someone nice could throw some hashing power at it to keep the network moving. Being re-listed on an exchange would also pick up interest again.
In the longer term, the dev needs to release a newer version that retargets every block... but the OP account hasn't logged in for 5 days...
February 08, 2014, 06:00:50 AM
A similar problem was resolved for Growthcoin without the support of developer:
https://bitcointalksearch.org/topic/m.4987820
maybe someone can try.
https://bitcointalksearch.org/topic/m.4987820
maybe someone can try.
February 07, 2014, 06:50:23 PM
So why is the wallet stuck then? any ideas? keeps trying to sync....
Client is probably assuming (reasonably) that if the last block it knows about is more than X hours old it may not be fully synced.
The last block minted was 16288 which was about 2 1/2 days ago. Seems to be the entire network that has ground to a halt, not just your client.
Looks like retargeting is every 2016 blocks; last retarget was around 160 blocks ago, so it's going to be a LONG time before the next retarget point is reached, especially with lack of interest due to a difficulty of 16, and the loss of the exchange. Looks like pretty much everyone has stopped mining it, even the dev? (You can find around 1.25 blocks per MH per day at diff 16... not hard, probably just not worth it.)
February 07, 2014, 05:26:19 PM
Another one bites the dust! Not exactly a pump and dump, seeing as it didn't really move any big numbers, but certainly seems to be a stagnant coin. Hopefully we'll see a resurgence at some point, although I'm not holding my breath on that... I'm guessing it was too much work for the dev to keep up with. 
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