Topic: [ANN][CPU-mining] ★★ LJCOIN ★★ [LIVEJOURNAL] - page 3. (Read 1672 times)

Your welcome and you are right, the real winners would have been the people solo-mining and finding their own blocks during that time instead of getting a sub-percentage of the accepted hash power at a pool.

Thanks for your update.

I guess people doesn't read... They see new scrypt coin and go mine.

I am solo mining now, maybe will back to your pool later.

Mine and Dump for a Sat if we're all lucky I assume

Started mining, but what is the plans for this coin ?

Well, I wasn't able to 'fix' the issue with the pool (but will be looking into that longer term as no point having miners with difficulties higher than a coins difficulty), there was basically too much hash power being provided vs the difficulty of the coin. I  increased the rate at which the pool finds blocks dramatically so the difficulty will increases the payouts will become 'Normal'.

My apologies to everyone negatively impacted by this, but the issue is really with the difficulty being so low.

EDIT:

I feel that people should get an explanation as to what 'occured'.

With difficulty being too low the pool was not accepting all the hash power being given to it, a fair % of the hash power was being 'thrown away', not doing so would have overloaded the pool with all the work being submitted miners, the pool and the coin daemon would not have been able to handle the load either without being on a supercomputer or something.
Miners were all being paid for the % of work overall that was not being 'thrown away', so in example above where user got 0.3 coins after finding 20 blocks (which should have been around 1000 coins) that is due to the pool overall was only accepting 0.03% of work. (The TTF of the coin at that point was less than 1 second (pool was showing 0 with rounding), so the pool would have had to have been processing many blocks per second in order to process all the hash rate)

Now that the difficulty is reaching a 'sane' level compared to the hash power being provided to the coin the pool is accepting more valid work and running normally.

Basically the difficulty of the coin is not currently reflecting the actual amount of hashing power being thrown at it.

I'm trying to work out a solution to that, basically got some large MH/s miners on the pool (which is pointless atm), their difficulty is way higher than the coins difficulty and as such they should be submitting more than they actually do. When the difficulty rises it'll be fair, but at the low difficulty its warping the payouts.

I ideas on how to fix it, but its going to take me a bit of time.

Got like 0.3 pending coins after finding 20 blocks from your pool

wtf?


Now difficulty is x5... Feels bad.

could you add linux cli wallet?

reserve Chinese translation

Is there a block explorer?

Now the difficulty is very low , but it will grow ;

50 blocks mined in 2 minutes - your coin is now broken

I don't see the Windows wallet, or is it necessary to complete it again? It's hard for me. I'm looking forward to the wallet. Coin are interested in.

Removed coin from pool, hasn't been block on the network in 10 days.

All files are still there so if someone really wants to mine or the network actually becomes active again feel free to message me and I'll reactivate.

waiting for pools ?

There will be an airdrop or bounty program?

How come you say that there will only be 84 million coins? Your source states otherwise:


Edit: Oh, so you have a 2/3 premine of the whole supply? Wow.

Will see 

Yes, but not just now.

Let the ordinary people mine enough coins for themselves. At first