[ANN][YAC] YACoin ongoing development - page 140.

Bakaboy

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Quote from: igysa on July 12, 2013, 05:26:49 PM

an after next N change ? what do you think ?
I still think it should rise, as it should almoust be impossible to mine it (therefore no everyday miners dumping)..
.. but well, maybe logical to me is not logical to others..

First there should be demand and there's not a lot of that at the moment. When it was being traded (and of course mined), supply and demand was there so it was fluid for some time. After the miners left, it all went downhill from there and the speculative demand left along with them. You can just see it from the exchanges, the bookings are getting thinner by the day. Cry

Being speculative of course, makes things a bit unpredictable. Anything can happen I guess.

igysa

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an after next N change ? what do you think ?
I still think it should rise, as it should almoust be impossible to mine it (therefore no everyday miners dumping)..
.. but well, maybe logical to me is not logical to others..

Bakaboy

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Quote from: igysa on July 12, 2013, 02:28:24 AM

Quote

Once these people have sold to people who want to keep for longer we might see a price bubble soon. Not good for YAC, but that might be a chance for a quick buck.

I expect that balloon to happen at least at the next N change, I really do hope so.. as for some laws of the economic, if there is shortage of something, price should rise.. was very surprised to see that didn’t happen after N changed few days ago.. Seems like people started panicking and abandoning the YAC ship.. Well also as you mentioned Primecoin, it participated, as well as the bitcoin raise at the same time..

It's currently being obliterated (market cap wise) by Digitalcoin, Primecoin and now passed by WDC and Phenixcoin (probably because of the UNOCS announcement). Now at 14th spot and with YBC (better) market support looming, its not really looking good for YAC at the moment. Sad

igysa

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Quote

Once these people have sold to people who want to keep for longer we might see a price bubble soon. Not good for YAC, but that might be a chance for a quick buck.

I expect that balloon to happen at least at the next N change, I really do hope so.. as for some laws of the economic, if there is shortage of something, price should rise.. was very surprised to see that didn’t happen after N changed few days ago.. Seems like people started panicking and abandoning the YAC ship.. Well also as you mentioned Primecoin, it participated, as well as the bitcoin raise at the same time..

dmatthewstewart

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Quote from: AGD on May 31, 2013, 02:17:03 AM

What is the advantage of Stratum mining?

Ive herad you can get more done for less. My only problem is that the majority of the pools I want to use require Stratum, and after months I still cant get it to work at all. Fuck, I cant even get scrypt Jane to work either

St.Bit

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Quote from: igysa on July 11, 2013, 09:41:39 AM

what happened with the YAC price?! so much panic sell for which reason ?!

if YAC is now harder to be produced after N changed why it dropped the price like this ? it should have been opposite..

will you be quiet or do something with to promote your coin ?

one nice pump would fix this..

I belive some of the earliest adopters want to cash out.

Based on the size of single sell orders I assume there are just a few wealthy people actually selling. YAC has only little actually buying demand so they can drive prices down as far as they accept the price for. Once these people have sold to people who want to keep for longer we might see a price bubble soon. Not good for YAC, but that might be a chance for a quick buck.

Beave162

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Quote from: paulthetafy on July 11, 2013, 11:45:04 AM

Quote from: rbdrbd on July 11, 2013, 10:42:40 AM

Quote from: igysa on July 10, 2013, 01:49:20 PM

Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

totally spot on !

I agree with this proposed change. FYI, my GPU farm is currently 35% of the YaCoin network hashrate (according to yacexplorer.tk graphs). That's never good (well, good for me, but not the coin).... I really like yacoin's concept and technicals and plan on keeping my support, but I was very surprised at the hashrate drop this last N change. Even at the current price, it is a very profitable coin to mine.

i think the CPU miners have moved to Primecoin temporarily and the GPU miners should come back once the reward rises / diff drops a little more as there are currently more profitable alts to mine. It does show that those that left were only in it for short-term gains though (mine and dump). FYI my GPU's are still on YAC (yacp.coinmine.pl) and my CPU's are on Primecoin... for now

I have made more USD mining Primecoin in 1 day than I have made with Yacoin in 1 month... so yea... I think the only smart thing to do with a CPU is mine Primecoin now before it turns into GPU only.

paulthetafy

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Quote from: rbdrbd on July 11, 2013, 10:42:40 AM

Quote from: igysa on July 10, 2013, 01:49:20 PM

Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

totally spot on !

I agree with this proposed change. FYI, my GPU farm is currently 35% of the YaCoin network hashrate (according to yacexplorer.tk graphs). That's never good (well, good for me, but not the coin).... I really like yacoin's concept and technicals and plan on keeping my support, but I was very surprised at the hashrate drop this last N change. Even at the current price, it is a very profitable coin to mine.

i think the CPU miners have moved to Primecoin temporarily and the GPU miners should come back once the reward rises / diff drops a little more as there are currently more profitable alts to mine. It does show that those that left were only in it for short-term gains though (mine and dump). FYI my GPU's are still on YAC (yacp.coinmine.pl) and my CPU's are on Primecoin... for now

rbdrbd

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Activity: 462

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Quote from: igysa on July 10, 2013, 01:49:20 PM

Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

totally spot on !

I agree with this proposed change. FYI, my GPU farm is currently 35% of the YaCoin network hashrate (according to yacexplorer.tk graphs). That's never good (well, good for me, but not the coin).... I really like yacoin's concept and technicals and plan on keeping my support, but I was very surprised at the hashrate drop this last N change. Even at the current price, it is a very profitable coin to mine.

igysa

full member

Activity: 196

Merit: 100

what happened with the YAC price?! so much panic sell for which reason ?!

if YAC is now harder to be produced after N changed why it dropped the price like this ? it should have been opposite..

will you be quiet or do something with to promote your coin ?

one nice pump would fix this..

Beave162

hero member

Activity: 809

Merit: 501

Let's not forget primecoin was released the very day of the N increase. I would imagine a lot of CPUs moving over to the much more profitable primecoin. I think the biggest question though is what will happen at the next N increase.

3dcgminer

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Activity: 138

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Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

Another big problem was that everybody was using a new GPU miner, that crashed at the N change. It took a couple of days to get a few updates to get it running at the new normal speed and it needed some tweking.
I noticed that my miner crashed and the pool lost 95% of the hash rate at the same time.
Hopefully this will not happen again...

igysa

full member

Activity: 196

Merit: 100

Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

totally spot on !

paulthetafy

hero member

Activity: 820

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Quote from: Thirtybird on July 10, 2013, 11:27:45 AM

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

That seems like a sensible idea. It would likely stop people moving their miners away from YAC immediately following an N increase too (which they are doing because it is more profitable to mine elsewhere until the diff decreases/reward increases enough, which at the moment is taking several days / weeks)

Thirtybird

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Activity: 693

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Watching the effects of the latest N change I noticed a few things
A. - Even at a normalized hash rate (thanks canoe) - a lot of people bailed on mining YAC
B. - Block time mean quintupled - we went from 55 seconds or so to over 250 - it could still be a few more days before we get back down to 1 minute.
C. - Because of B, the transaction times crawled to a halt to fully validate
D. - The difficulty is still plunging to catch up to the loss of hashpower (both from N change and folks stopping mining)

The following is suggested based on the possibility of a future where this coin is widely accepted and what the end user experience would be like trying to make a transaction shortly after an N increase. That person, would have to wait ~30+ minutes just to get the first 8 confirmations. This is not the type of experience an end user user would likely tolerate without a high level of frustration.

Based on this, I would like to propose a change that adjusts the difficulty downward at the same time as N increases in an effort to keep block times close to their target in the days that follow. In a no-loss scenario, an N increase halves the total hashpower, so I propose it also halves the difficulty at the same time.

cryptrol

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Activity: 637

Merit: 500

Great info canoe, thanks.

There are two things that I don't liked from the beginning and pushed me back from getting more involved with the coin ( I am sure others can say the same):
* the amount of coins generated in the first day, is the best example of a ponzi scheme you can find.
* seeing how more than 1,3 M YAC is owned by just 5 addresses from a total of 4,3 M .

Still, yacoin is the altcoin with the most market support.
Roll Eyes

canoe

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I've added an N chart for YAC on my charts website.
http://cryptometer.org/yacoin_90_day_charts.html

I also added a "Normalized Network Hashrate" chart that adjusts the network hashrate to eliminate the effects of changes in N. This can be used as an indication of raw computing power over time. Details on that here:
https://bitcointalksearch.org/topic/m.2682957

dcl595

sr. member

Activity: 381

Merit: 250

Playing with a new Yac theme, feedback welcome good or bad

http://i.imgur.com/o4GiSYu.png

cryptrol

hero member

Activity: 637

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Quote from: ?? on ??

[BOUNTY]

Anyway, is there someone skilled enough to add coin control to YACoin client? More info here > https://bitcointalksearch.org/topic/yet-another-coin-control-release-closed-144331
I'll pay 1 BTC for the job which must include source code and working Win32 and 64 bit binaries. Others are welcomed to add some coins to bounty.

Bump!

Just curious but why do you need / want coin control ? are you using p2pool with loads of very small transactions ?
There is a somehow generic coin control script under the contribs folder from the bitcoin source. It shouldn't be hard to adapt to yacoin if it doesn't make use of the latest api calls bitcoin introduced in it's latest version.

dcl595

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Activity: 381

Merit: 250

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Topic: [ANN][YAC] YACoin ongoing development - page 140. (Read 380091 times)