Everyone seemed to really like it earlier on in the thread. You don't like it because it reduces independance? If we decide to put out a simpler wallet first, just to get it updated then we don't need to put it in there.
Then we can bring up that topic once again for the more experimental wallet.
What do you think?
Topic: [ANN] Terracoin (TRC) - Est 2012 - page 144. (Read 408879 times)
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.
What difficulty adjust algorithm would you suggest?
What about the KimotoGravityWell and DarkGravityWave? But I think maybe we should test and play around instead of copy and paste.
Someone can implement it for the testnet first, then we can test for a while to see how it goes?
Did anyone recall how the time-warp attack happened to TRC last time?
The original wallet is too outdated and can't even mine correctly.
Let's keep this first wallet release simple. Once we have a working and updated wallet we can work towards actually improving how this cryptocurrency works.
Trust me, I want to work on all of these things in the future. I have so many ideas, and I definitely don't want to be part of a copy and paste coin forever.
Let's stick with these things for now.
1. SHA-256 Algorithm
2. 42 Million coins (I don't think this should ever change)
3. 20 TRC per block
4. Merge mining
These are areas up for immediate discussion which hopefully we can agree on in a week. I want to have a clear path for the developer(s) in a week.
1. Difficulty recalculation at 540 blocks. Up/Down?
2. Reward halving at 1050000 blocks. Up/Down?
3. Blocks generated every 2 minutes? Up/Down?
I am not trying to disregard anyone's input, and I want more input like we have been getting.
I just feel like we need to stop the bleeding before the patient dies.
I don't understand why you want merge mining. If we can improve the difficulty adjust algorithm, security will be better. All the other independent coins don't have merge mining.
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.
What difficulty adjust algorithm would you suggest?
What about the KimotoGravityWell and DarkGravityWave? But I think maybe we should test and play around instead of copy and paste.
Someone can implement it for the testnet first, then we can test for a while to see how it goes?
Did anyone recall how the time-warp attack happened to TRC last time?
The original wallet is too outdated and can't even mine correctly.
Let's keep this first wallet release simple. Once we have a working and updated wallet we can work towards actually improving how this cryptocurrency works.
Trust me, I want to work on all of these things in the future. I have so many ideas, and I definitely don't want to be part of a copy and paste coin forever.
Let's stick with these things for now.
1. SHA-256 Algorithm
2. 42 Million coins (I don't think this should ever change)
3. 20 TRC per block
4. Merge mining
These are areas up for immediate discussion which hopefully we can agree on in a week. I want to have a clear path for the developer(s) in a week.
1. Difficulty recalculation at 540 blocks. Up/Down?
2. Reward halving at 1050000 blocks. Up/Down?
3. Blocks generated every 2 minutes? Up/Down?
I am not trying to disregard anyone's input, and I want more input like we have been getting.
I just feel like we need to stop the bleeding before the patient dies.
@OP it may be prudent to remove Vircurex as a listed exchange for Terracoin, though it may be the only one right now.. I certainly wouldn't direct anyone to trade there at this time. Well at least without giving them a disclaimer first.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
I looked into the Vircurex issues some more and I decided it does need a warning. I didn't know it had recent issues.
Also, since we didn't get win the voting on Cryptopia it seemed like we need to take a different strategy. Instead of trying to be the top DOT vote each week and possibly loosing all we invest in the voting, I think we should collect 5,000,000 DOT and just buy a spot.
This is my DOT address on Cryptopia for donations: 1N5qY9gqYSeoPwTcdm2zcRZebdMMTyBZrx
That address is only for DOT and once we get 5 Million DOT I won't be using it anymore.
It currently has 45,615 DOT in it.
Thanks!
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.
What difficulty adjust algorithm would you suggest?
What about the KimotoGravityWell and DarkGravityWave? But I think maybe we should test and play around instead of copy and paste.
Someone can implement it for the testnet first, then we can test for a while to see how it goes?
Did anyone recall how the time-warp attack happened to TRC last time?
Here's a thread recounting some of it: https://bitcointalksearch.org/topic/terracoin-attack-caused-btercom-50btc-loss-263953
If I recall correctly the difficulty retarget back then was standard adjustment per block for TRC
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
Totally agree, what algorithms change best candidates come to mind? we'll have to merge from existing coins I guess.
Also agree no need to increase block size if it comes to that we'll be in a much better place I guess.
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.
What difficulty adjust algorithm would you suggest?
What about the KimotoGravityWell and DarkGravityWave? But I think maybe we should test and play around instead of copy and paste.
Someone can implement it for the testnet first, then we can test for a while to see how it goes?
Did anyone recall how the time-warp attack happened to TRC last time?
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.
What difficulty adjust algorithm would you suggest?
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.
What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
If we can decide the proper algorithm, we can go toward the direction to implement it.
However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.
There is 6 hours left and another coin put 86k worth of DOT ahead of us. I could probably scrape together 50k or so of DOT, but I think that other coin will just raise immediately to win over anything we can put together in 6 hours.
I suggest that we hold off till the new DOT voting session starts tomorrow and I put in that 50k with of DOT then. If we work together I would guess we could have 250k worth of DOT ready by the end of the next voting cycle. What do you think?
Second piece of important news - We have found a developer who is currently looking over the code in his spare time. We are still looking for a second set of eyes and well, a third set of eyes. The more of a development team that we have then the better this coin will be. If we have a development team with different skill sets and ideas it will help improve how we move forward in the future.
Third piece of important news - craslovell has agreed to become our marketing specialist! He already has some cool ideas to increase awareness of the rebirth of Terracoin. I will let him post his plans instead of stealing his thunder.
Remember, we welcome any help we can get and I am pretty happy with how much we have done in a week! Thanks everyone!
Miner control doesn't mine TRC & I'm unable to connect my node to e-pool. I noticed they are using an old version of p2pool for their node, so tried using the same version but to no avail. I've also tried using the latest p2pool version as well as the rav fork, but still am unable to connect to any nodes to download the sharechain. Maybe a PM to forrestv (p2pool dev) would provide more info - but I fear it's a wallet issue, not a p2pool one.
I was just told about this p2pool. Tell me if it works: http://p2pool.e-pool.net:8932/static/
Also this site was suggested as some sort of mining pool. https://coinking.io/coin/terracoin
Has anyone used it successfully and how exactly does it work?
I threw together a website and removed those broken mining pools from the OP, Reddit, website.
Yeah, the volume is very very low on Vircurex and it is a crappy exchange, but it is the only one we have right now. I think I will leave off the warning for right now. If other people feel that it needs a warning I will add the warning.
It looks like we are winning the DOT voting on Cryptopia and we now pass all of their requirements.
The voting only lasts one more day so lets make sure we win this round. By winning this round, after we have only been in existence for a week, it will truly show that TRC is back!
Once we are on Cryptopia we should concentrate on getting the volume there before we try to get added to another exchange.
I have more updates to the OP to be added soon...
Oh yeah. I also put a back order on terracoin.org and terracoin.com.
Yeah, the volume is very very low on Vircurex and it is a crappy exchange, but it is the only one we have right now. I think I will leave off the warning for right now. If other people feel that it needs a warning I will add the warning.
It looks like we are winning the DOT voting on Cryptopia and we now pass all of their requirements.
The voting only lasts one more day so lets make sure we win this round. By winning this round, after we have only been in existence for a week, it will truly show that TRC is back!
Once we are on Cryptopia we should concentrate on getting the volume there before we try to get added to another exchange.
I have more updates to the OP to be added soon...
Oh yeah. I also put a back order on terracoin.org and terracoin.com.
@OP it may be prudent to remove Vircurex as a listed exchange for Terracoin, though it may be the only one right now.. I certainly wouldn't direct anyone to trade there at this time. Well at least without giving them a disclaimer first.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
What specifically is wrong with Vircurex, besides it being outdated and clunky? When I update the OP with a warning I will need to explain what I am warning about.
Which pool links are dead? I will remove them.
It looks like we are tied for 1st place voting with DOT on Cryptopia! If we win one of the requirements is that we have to have a website....
Which means I will have to throw something up on terrcoin.info in the next day or so.
Thanks for the well wishes everyone! TRC is the first altcoin I traded in on BCT-E years ago, which is why I am so fond of it.
I am a little behind on updating everything I wanted to this weekend because I ended up having to work this weekend.
Well Vircurex has plenty of withdrawal and scam accusations against them.. I mean no need to remove or warn I suppose. Really everything you do with crypto is at your own risk. Though they are still holding a large amount of user funds from their supposed hack that happened a long time ago. They were making small payments back and updating with what was owed yet, but there's still plenty of money that hasn't been returned.
As far as I know, if you're making low volume trades you probably won't have an issue there. Then again, they really don't have much volume because of what happened in the past.
Looks like miningpools.tk and tompool.org are both down. The other three seem to be up.
@OP it may be prudent to remove Vircurex as a listed exchange for Terracoin, though it may be the only one right now.. I certainly wouldn't direct anyone to trade there at this time. Well at least without giving them a disclaimer first.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
What specifically is wrong with Vircurex, besides it being outdated and clunky? When I update the OP with a warning I will need to explain what I am warning about.
Which pool links are dead? I will remove them.
It looks like we are tied for 1st place voting with DOT on Cryptopia! If we win one of the requirements is that we have to have a website....
Which means I will have to throw something up on terrcoin.info in the next day or so.
Thanks for the well wishes everyone! TRC is the first altcoin I traded in on BCT-E years ago, which is why I am so fond of it.
I am a little behind on updating everything I wanted to this weekend because I ended up having to work this weekend.
@OP it may be prudent to remove Vircurex as a listed exchange for Terracoin, though it may be the only one right now.. I certainly wouldn't direct anyone to trade there at this time. Well at least without giving them a disclaimer first.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
Also it looks like one or two of the pool links may be dead. The ones that are up seem to be operating just fine.
Had to double-check that this was the coin I thought it was. Nice flashback to the past.
Good luck with your revival.
Good luck with your revival.
Same here, I was shocked when I saw this. Clicked on the thread originally because I thought someone might have just been reusing the name. Talk about a throwback
Had to double-check that this was the coin I thought it was. Nice flashback to the past.
Good luck with your revival.
Good luck with your revival.
Might as well get it on Yobit as well. They are usually pretty reasonable with most request. Don't really have a hard time with them. I sent a request.
Request it here https://yobit.net/en/addcoin/
We need to get more services rolling to get a Terracoin back on people's radars. This used to be a coin with a very solid market cap and trading.
Request it here https://yobit.net/en/addcoin/
We need to get more services rolling to get a Terracoin back on people's radars. This used to be a coin with a very solid market cap and trading.
Good to see an old coin with new life. Terracoin is a dinosaur as far as crypto is concerned. I'd be glad to help bring it back in to the community's view.
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