[ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 80.

murraypaul

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Quote from: drakoin on March 27, 2014, 06:15:25 PM

To me it looks as if
* there is a correlation between the number of transactions, and the minutes needed to generate a valid block,
* and this correlation has become stronger since yesterday.

N.B.: Correlation is not causation. The slowing down can have many reasons. I just saw this pattern in the data.

Your correlation is the wrong way around.
The longer it takes to solve a block, the more transactions will occur during the wait, which can be included in the block.
Pools regularly update the list of transactions they include in the block they are trying to solve.

mmouse

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Quote from: solex on March 27, 2014, 06:21:22 PM

I don't think 1604 is low enough to help. Needs to be about 1000 to atttract the multi-pools because the price has fallen too much. So, another 8 slow blocks, unfortunately.

Seems you're right.

I wonder how the wallet calculates the networkhashps value one can see with getinfo cmd. Because it seems to be very far off reality.

With 3.6GH/s as displayed the network should find a block about every 15 minutes, if I got the math right. In reality the last block is now almost two hours old.

CoinHeavy

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Could anyone recommend a calculator for determining when block 5400 will likely be reached given the current network conditions?

surfer43

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"Trading Platform of The Future!"

Quote from: solex on March 27, 2014, 06:21:22 PM

Quote from: molecular on March 27, 2014, 05:13:48 PM

Difficulty for next block is already low again, but the multipools might not take retarget time into consideration.

I don't think 1604 is low enough to help. Needs to be about 1000 to atttract the multi-pools because the price has fallen too much. So, another 8 slow blocks, unfortunately.

And then the multipools will come back.. multipools can kill an altcoin.. ramp diff up and sell sell sell

solex

legendary

Activity: 1078

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100 satoshis -> ISO code

Quote from: molecular on March 27, 2014, 05:13:48 PM

Difficulty for next block is already low again, but the multipools might not take retarget time into consideration.

I don't think 1604 is low enough to help. Needs to be about 1000 to atttract the multi-pools because the price has fallen too much. So, another 8 slow blocks, unfortunately.

drakoin

hero member

Activity: 826

Merit: 1000

see my profile

What is the reason the for the slowing down?

I want to share a hypothesis. I stared at this table for a while:
https://aur.cryptocoins.at/explorer/chain/auroracoin

and then I tried a correlation:

some averages and correlation coefficients (correlation between number-of-transactions and block time) over the last 25, 50, 100, 200 and 500 blocks:

First I thought the correlation came from block 5380 (needed 707 minutes, contains 750 tx) - but when I excluded that block, the correlation coefficient became even more extreme.

To me it looks as if
* there is a correlation between the number of transactions, and the minutes needed to generate a valid block,
* and this correlation has become stronger since yesterday.

N.B.: Correlation is not causation. The slowing down can have many reasons. I just saw this pattern in the data.

EDIT:

Of course,
the slower the blocks, the more transactions per block
(if a constant number of tx per time were sent by users).

... and that is where the correlation mainly comes from, I guess.

Still, I plotted this diagram, which shows the accumulated transactions in the last 500 blocks, plotted over the minutes:

It shows how much more transactions are sent since the airdrop.
The vertical "25.3.2014 1:12" was the first block after midnight (block 5259)

etoque

legendary

Activity: 1988

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Damnn,Much bagholder there !

I have sell at 0.122 0.090 0.082 and all the rest for 0.050

Centralize coin are here to die. Its not the soul of Cryptoworld

COMKORT

full member

Activity: 182

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Auroracoin was added to COMKORT exchange.

3 MARKETS for AUR

https://comkort.com/market/trade/aur_btc

https://comkort.com/market/trade/aur_ltc

https://comkort.com/market/trade/aur_doge

Great opportunities for alt coin traiding! Join in and enjoy our rewarding BONUS system!

molecular

donator

Activity: 2772

Merit: 1019

Quote from: mineabit on March 27, 2014, 05:11:28 PM

Quote from: mmouse on March 27, 2014, 03:03:10 PM

Quote from: solex on March 27, 2014, 02:29:11 PM

This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

It seems like we simply got lucky. Block 5383 was found by p2pool, and diff should be down 33% to 1605 now.

I'm not really sure why the wallet RPC command getinfo still shows 2406.9. It seems like it gets the diff of the last block found, not the diff for the next block after computing the diff retarget... (one could consider this a bug Wink

)

As far as i know diff changes every 20 blocks, last change was at 5380 so i'm afraid we might be stuck with this until 5400. that is unless value skyrockets and multifools gets back in the game

No, look: http://blockexplorer.auroracoin.eu/chain/AuroraCoin

retargets every 8 blocks.

Difficulty for next block is already low again, but the multipools might not take retarget time into consideration.

molecular

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Quote from: Hellionator on March 27, 2014, 04:56:30 PM

We have a pretty stable user base at http://aur.scrypthp.com that have stuck through thick and thin. Ive done some btc giveaways when things got really tough. Please feel free to join and show your support for auroracoin. Ive been mining there myself nonstop for months as I believe in this coin.

Thank you!

I've been paying a friend to mine for about 4 weeks now. It's not profitable any more, but I figured I should help reach the fork.

mineabit

newbie

Activity: 51

Merit: 0

Quote from: mmouse on March 27, 2014, 03:03:10 PM

Quote from: solex on March 27, 2014, 02:29:11 PM

This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

It seems like we simply got lucky. Block 5383 was found by p2pool, and diff should be down 33% to 1605 now.

I'm not really sure why the wallet RPC command getinfo still shows 2406.9. It seems like it gets the diff of the last block found, not the diff for the next block after computing the diff retarget... (one could consider this a bug Wink

)

As far as i know diff changes every 20 blocks, last change was at 5380 so i'm afraid we might be stuck with this until 5400. that is unless value skyrockets and multifools gets back in the game

Hellionator

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Quote from: Nite69 on March 27, 2014, 12:29:49 PM

Quote from: molecular on March 27, 2014, 12:01:25 PM

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Hmm.. Maybe the hashing power itself is not much, but encouraging ppl to solo mine would make them (us?) a community: "I can help, it is we against the greedy mean multipool miners" and more aware of the crypto coin functionality in general. It would also point out the real reasons for slow transactions (not enought mining power) to the major public.

And they might surprise us.. who knows how many miners there would be in the end?

Anyway, a few difficult days now won't be a catastrophe, unless the problems stays for a longer time.

We have a pretty stable user base at http://aur.scrypthp.com that have stuck through thick and thin. Ive done some btc giveaways when things got really tough. Please feel free to join and show your support for auroracoin. Ive been mining there myself nonstop for months as I believe in this coin.

FreeJack2k2

sr. member

Activity: 364

Merit: 250

Quote from: riddler_xyz on March 27, 2014, 10:20:42 AM

16:16:06
{
"blocks" : 5380,
"difficulty" : 2406.86387150,
"networkhashps" : 6125141680,
}

So time to buy ... supply is halved .. and the coin didnt colapse after airdrop.

If the coin is getting back to its high ~0.15 if u buy now it would be a ~1200% gain ...

ym2c

This time last week, the exchange rate to BTC was .0248 and now it's .01 - that's a collapse and as more people cash out, it'll continue. A return to .15 is a pipe dream.

mmouse

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Activity: 162

Merit: 100

Quote from: solex on March 27, 2014, 02:29:11 PM

This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

It seems like we simply got lucky. Block 5383 was found by p2pool, and diff should be down 33% to 1605 now.

I'm not really sure why the wallet RPC command getinfo still shows 2406.9. It seems like it gets the diff of the last block found, not the diff for the next block after computing the diff retarget... (one could consider this a bug Wink

)

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: molecular on March 27, 2014, 01:36:10 PM

Quote from: mineabit on March 27, 2014, 12:12:27 PM

Quote from: molecular on March 27, 2014, 12:01:25 PM

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

A major mining pool will focus their hashing power on these blocks if they are fully compensated, and their customers get normal payouts. AUR is currently only about 40% as profitable as the best alt coin, so it would take about 0.5 BTC per block to get these blocks mined.
This is a crucial time for AUR so it would seem to be a good idea. Balduro, please PM me if you want to communicate to the pool owner directly.

ghur

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Quote from: Canaanite on March 27, 2014, 02:09:33 PM

http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR12.TRC2.A0.H0.Xscrypt+mining&_nkw=scrypt+mining&_sacat=0&_from=R40

Here you can rent some rigs for short time

Way too expensive rates for terribly low hashrates.
Throwing money at that won't even make the slightest of a dent.

Ebay mining contracts are for gullible idiots who don't understand what they're buying.

Canaanite

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Activity: 246

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http://www.ebay.com/sch/i.html?_trksid=p2050601.m570.l1313.TR12.TRC2.A0.H0.Xscrypt+mining&_nkw=scrypt+mining&_sacat=0&_from=R40

Here you can rent some rigs for short time

mineabit

newbie

Activity: 51

Merit: 0

Quote from: molecular on March 27, 2014, 01:36:10 PM

Quote from: mineabit on March 27, 2014, 12:12:27 PM

Quote from: molecular on March 27, 2014, 12:01:25 PM

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

no the issue is that even with the high diff some pool ops will start dossing other pools in order to have miners going to them

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Nite69 on March 27, 2014, 12:29:49 PM

Quote from: molecular on March 27, 2014, 12:01:25 PM

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Hmm.. Maybe the hashing power itself is not much, but encouraging ppl to solo mine would make them (us?) a community: "I can help, it is we against the greedy mean multipool miners" and more aware of the crypto coin functionality in general. It would also point out the real reasons for slow transactions (not enought mining power) to the major public.

And they might surprise us.. who knows how many miners there would be in the end?

Ok, I agree.

It doesn't have to be solo-mining, though. They can use a pool. Just they should only mine AUR and mine AUR all the time, especially when diff is high.

Also: it doesn't have to be CPU. There should be a high percentage of people with GPUs in Iceland, no?

Quote from: Nite69 on March 27, 2014, 12:29:49 PM

Anyway, a few difficult days now won't be a catastrophe, unless the problems stays for a longer time.

I also agree. We could've (should've) done this a week ago or so.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: mineabit on March 27, 2014, 12:12:27 PM

Quote from: molecular on March 27, 2014, 12:01:25 PM

the "icelander should cpu-mine idea" is a drop in the bucket, I think. not enough hashing power.

paying for scrypt hashing power could work (either outright or using bounties for pools to find blocks < 5400).

The problem is: we're driving away the icelandic noobs who must think this coin is broken (which it is... confirmation times in the range of days can be called "broken", like banking system) or this crypto-stuff just doesn't work.. must be a fad.

Giving a bounty for pools founding blocks will just spark another ddos war, not a great idea

You are right. We would have to pay bounty only for blocks 5382, 5383, 5392, 5393, 5394, 5395, 5396, 5397, 5398 and 5399, not the ones that will have low difficulty. They will mine 5384 through 5393 in no time anyways. Would that work?

Topic: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland - page 80. (Read 506425 times)