Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 260. (Read 523584 times)
May 20, 2013, 09:49:20 PM
Realy interesting to see: As the profitability of Worldcoin goes up on coinchoose, The Hashrate of my DigitalCoin pool is going down :-D
May 20, 2013, 09:45:11 PM
Who has too many dgc and would like to donate me some??? 
D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS
Thanks in advance!
D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS
Thanks in advance!
10 DGC sent. Enjoy
May 20, 2013, 09:34:08 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalksearch.org/topic/coins-with-very-short-block-times-demonstrate-incompetence-211535
I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.
What exactly did the developer do to prevent these issues? Note that the issues I present only become apparent once the distributed network becomes large enough. Low orphan rates now doesn't necessarily prove anything, it likely just means that the network hasn't grown large enough for these problems to become apparent yet.
We are still in beta and working on documentation. You can check the source and see the changes yourself.
May 20, 2013, 09:30:38 PM
at what rate should these low time coins run into this wall? Best guess?
May 20, 2013, 09:29:05 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalksearch.org/topic/coins-with-very-short-block-times-demonstrate-incompetence-211535
I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.
What exactly did the developer do to prevent these issues? Note that the issues I present only become apparent once the distributed network becomes large enough. Low orphan rates now doesn't necessarily prove anything, it likely just means that the network hasn't grown large enough for these problems to become apparent yet.
May 20, 2013, 09:28:12 PM
Who has too many dgc and would like to donate me some???
D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS
Thanks in advance!
D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS
Thanks in advance!
May 20, 2013, 09:26:30 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalksearch.org/topic/coins-with-very-short-block-times-demonstrate-incompetence-211535
I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.
I made a few pools yet. And no other coin before had such low orphan rates at low difficulty
May 20, 2013, 09:25:19 PM
This is a strong coin. It is the first one I took the time to create a pool for. Good effort by the developer and a very fair start
May 20, 2013, 09:22:58 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalksearch.org/topic/coins-with-very-short-block-times-demonstrate-incompetence-211535
I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.
May 20, 2013, 09:17:00 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalksearch.org/topic/coins-with-very-short-block-times-demonstrate-incompetence-211535
May 20, 2013, 09:10:33 PM
Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system
May 20, 2013, 09:02:07 PM
scryptmining.com pool going down for a short period (hopefully less than 30min) for a minor adjustment that should increase the speed of payouts. The website will remain up at all times and accessible for people to do what they'd like. No transactions will be lost and everyone's money will continue to accumulate for already found blocks during the downtime.
Sorry for the inconvenience, hope we'll see you back at the pool when it returns! Thanks everyone for your support.
Sorry for the inconvenience, hope we'll see you back at the pool when it returns! Thanks everyone for your support.
May 20, 2013, 09:00:02 PM
Do you remember when like CHN had like 9 Gh/s ? and after diffuculty adjustmene everyone abandoned the ship ?
What do you think will happen when similar scenario will repeat ?
What do you think will happen when similar scenario will repeat ?
May 20, 2013, 08:59:24 PM
Appended the following to difficulty section of the original post to better explain difficulty adjustment.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?
Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.
I like your questions.
The difficulty will drop back down depending on network hashrate relative to difficulty.
Since blocks are mined quickly(seconds), 1080 blocks will not take very long until an adjustment.
But I can see hydroponicas point. We've seen this before... A coin is hyped and the difficulty is going up very fast. Then, the coin becomes not profitable anymore, and everybody stops mining, so that the 1080 Blocks won't take 6 hours to mine, but eventually 60 hours, or 600 hours...
May 20, 2013, 08:53:07 PM
Appended the following to difficulty section of the original post to better explain difficulty adjustment.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?
Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.
I like your questions.
The difficulty will drop back down depending on network hashrate relative to difficulty.
Since blocks are mined quickly(seconds), 1080 blocks will not take very long until an adjustment.
May 20, 2013, 08:51:54 PM
Appended the following to difficulty section of the original post to better explain difficulty adjustment.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?
Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.
Does the lack of response, mean noone knows the answer??
May 20, 2013, 08:45:26 PM
If someone want to sell ther DGC, let me know - we can discuss about the price.
PM sent
-tb-
May 20, 2013, 08:45:00 PM
Appended the following to difficulty section of the original post to better explain difficulty adjustment.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?
Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.
May 20, 2013, 08:39:33 PM
Appended the following to difficulty section of the original post to better explain difficulty adjustment.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.
And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?
May 20, 2013, 08:37:46 PM
Cryptcoins.net has a digital coin pool now, http://digi.cryptcoins.net
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