Baritus is making difficulty slower in an effort so that difficulty is more stable. This sounds good, but it shows he does not actually understand the problem. The problem is not that difficulty is not stable, that is just a symptom of the real problem, which is that the way the economy is designed now gives gpu farms, multipool and middlecoin an unfair 1000X advantage over supporters of the coin by them being able to jump on the coin at low difficulty and mine all the blocks at a difficulty that is artificially low, because of the insanely slow re target interval.
Unfortunately Baritus has chosen to ignore and blow off the many people who have tried to bring this to his attention for the last 2 months in irc, and now that he fianlly has recognized we are right that it is a problem, instead of listening to us, he is instead is proposing an update which makes the difficulty respond even slower than it already does which makes the problem even worse.
If he would treat the source of the problem and not the symptom he would see difficulty stabilize and the price of dgc stop going down daily.
That's not what this update is doing. What this update is doing is limiting the amount the difficulty can go up or down. Meaning, that gpu farms, multipool, middlecoin, etc... won't even have the chance for an unfair advantage because the difficulty will no longer wildly fluctuate from 5 to 1 and back to 5. Instead, if a farm drives the difficulty up to 5 one time... the most it will drop is back down to 3 or 4... so the farms won't have any benefit to jump back on.
In theory... this update will keep the difficulty in a range that should keep DGC in the 5-10 most profitable coins to mine and avoid being number 1 or number 20 so the hopping pools don't ever mine it since it is never number 1 and the loyal miners don't suffer because it will never be in last place.
This could be a great thing. Don't judge it until you see it in action.
I understand that, this update makes difficulty respond even slower, which is the problem in the first place. All he is doing is allowing a longer time of profitability for multipool to mine at unfair profitability advantage and dump coin, he is also increasing the amount of time for small miners who support the coin to mine at an unfair high difficulty. It amazes me that most of you can not understand this. Whatever, you all will implement what i have suggested out of necessity in another couple months after dgc adds another decimal place to its price.
personally i think its you that doesnt understand this. faster diff adjust does not make for a stable mining network. being out of the quick buck profit zone is much more desirable than a wildly swinging diff, see ANC from 0.5 to 24 in less than an hour, would you like to mine DGC at a diff of 24?
the max % rise limit means dedicated miners have a lower diff to mine at
Completely wrong, worst case for ANC is they have to mine a single block! big deal, it is 1000 times better than what DGC is doing. ANC has a very stable difficulty rate because of it, in fact ANC did such a great job, multipool doesn't even try because they can not gain advantage over constant miners. Further i don't see how pointing out ANC furthers you case since it has only increased 3x in vlaue while BTC went up, during the same time DGC dropped by 50%.
And I'm not suggesting copying ANC exactly, there are many implementations if you want to have it respond fast but still want smoothing. And it does not require insanely long time between blocks that were copied from a different coin, our arbitrary percentage movement limits. All you guys are doing is showing you don't understand the problem meanwhile, DGC just made another record low, despite all the hype of the upcoming exchange.
"the max % rise limit means dedicated miners have a lower diff to mine at"
No it does not all it means is multipool can mine for even longer at an unfair advantage before difficulty ever rises enough, and then when it finally does, the constant miners have to mine for even longer at an unfair disadvantage. In the effort to smooth out the difficulty adjustment swings, you are making the problem worse.
