Topic: [ANN] [ROBO] CPU Mineable PoW Coin | Mac/PC/Linux Wallets - page 10. (Read 5593 times)

Updated my wallet. Back to mining

I downloaded x64 win and it's not version 0.15.2.

Is it first SHA256 algorithm asic resistant?

Mandatory Update: ROBO v0.15.2

Download New Wallets ASAP

Since launching, difficulty spiked to 100.0 which resulted in the chain moving very very slowly.  This update should allow us to break free from such occurrences in the future.

What Will Change? The PoW difficulty code was rewritten so that it updates every four blocks instead of 1440 blocks.  It also adds a safeguard that attempts to lower difficulty when block times exceed 2-5 minutes.  If enough time passes (about an hour), difficulty will reset to around 0.05.  When a reset happens, a burst of coins should be mined network-wide, and difficulty should settle back to the 2 minute specification.

WARNING:The new system will go into effect on February 4th, 2018 at 9:20PM UTC.  If you do not update to 0.15.2 before this point, any newly mined coins will be rejected and other nodes will start banning you as a result.  If you want to continue mining, you absolutely must update to 0.15.2 before the date/time above.   This is especially crucial to those running full nodes... if full nodes don't update, they will reject and ban clients running the new version.  Your best bet is to just download before the time above and restart your nodes!

How do I know this will actually work?  Well... I've only tested in my local/private network on "testnet".  So far it's been working fine across a handful of MacBooks.  I can't say exactly what will happen tomorrow, but when the new PoW strategy goes into effect, I'm guessing that tons of coins are going to be mined making up for how behind we are now.  And if all works like it does in my local net, we'll be back to rolling with 2minute block times shortly thereafter!

Yep, when you mine a block, the coins show up immediately.  They mature after 10 blocks mined throughout the network (10 is considerably lower than Bitcoin, which has 100 block maturity)

Yep, we're stuck trying to solve 11790!

I guess this is one of the risks of just having CPU mining is that someone with a lot of power comes along and smashes it for a while. It's great it you have a solution though

I like the idea of keeping this away from ASIC's and letting home users mine for fun. Good luck Dev!

Thank you  also I take it you get paid right away once the block has been confirmed?

Yep.  In the console do  "getmininginfo" which will show all mining stats.   "getdifficulty" will show you just current difficulty.

I'm open to not having it open to ASIC miners etc.

Well i'll fire up my wallet and get mining

(Is there a way for me to see mining info in my wallet like you get when you mine with a pool or 'normal' miner software)

Not necessarily, why should ROBO conform to the same strategy as every other project in existence?  I've made changes to the PoW difficulty calculations and retargeting that will allow us to break free from such spikes.  Going to make a detailed announcement about that later tonight.

And if what I think will be a solution doesn't work... Well then I'll just have to open up the doors to ASICs and Pool mining.  I want to avoid that because some of us enjoy mining for the sport.  Pools and ASICs completely ruin that for 99% of people who are into this stuff.

You can start mining with 0 coins.  Problem is right now is difficulty spiked to 100 and won't correct for another couple hundred blocks.

Do I need coins in my wallet to mine? Also is there a way for me to see upto date info about how much i've mined etc?

CPU mining forever if at all possible.  I've made some changes which will retarget difficulty every 4 blocks instead of every 1440 blocks.  And also have added some safe gaurds so when difficulty spikes, it'll reset itself ever so often.

So no pool available than only CPU mining for now.   

Yeah, it does. I'd like there to be a mining pool but like you say it would open the floodgates and before we know it there would be no coins left to mine. So many people with ASIC miners lying around. Myself included just waiting for a new coin to launch so we can hammer it and then move on. If this coin doesn't get a pool and mining is via the wallet it's self it stops the flood gates from opening.


Also,

Just playing around with it. So the Wallet CPU mining.. Do I need coins in there to mine or can I mine with an empty wallet? Also, how do I know how many coins I've mined etc...

exchange ? price in btc now ?

Let's not jump to that conclusion yet.  Opening the door to mining pools also opens the door to ASICs (i think)

We need a mining pool soon.

Attention All: If you noticed that the blockchain has slowed way down... here's what I think happened.  Somebody came along with server grade equipment, mined to fast, jacked up the difficulty, then abruptly stopped mining leaving us all with normal computer at a 100.0 difficulty.  Could be wrong, can't really say who or what caused the difficulty spike.  Was it malicious?  don't know...

I'm looking into changing the difficulty retarget interval so that we won't get stuck like this in the future.  I'll post here with any news about that.

It works the exact same as bitcoin and litecoin.  50.0 payout with 420,000 block halving interval.  once we reach block 420000, payout cuts in half to 25.0,  then again at 840000 to 12.5... and so on.  Only difference between ROBO and BTC in this regard is BTC's halving interval is 210,000 blocks

ASICs need the RPC commands  getblocktemplate and submitblock which have been removed from the code. good luck to ASICs!

How to Mine:  roboproject.org/mining