with all the multipools jumping on and off it makes a coin really unreliable for ordinary users
imagine we are at 5gh with difficulty x
a giant multipool jumpes on and net hash rate jumpes to 10gh
now they have 16 hours to find blocks at twice the rate than intentioned (50s)
after 16h the difficulty doubles (2x) and the multipools jump off leaving the remaining miners to find blocks at half the intended rate (200s)
making it useless to mine for 16h
I'd like to strongly second this. Fixed block counts between difficulty adjustments are the biggest issue with most altcoins.
Quick draft for an alternative: After each block calculate the potential next difficulty. If it's more than +/- 12% off for 5 consecutive blocks, adjust the difficulty immediately with exactly +/- 8%. If the difficulty is unchanged for the last 16 hours, adjust it the normal way.
This way you'll have zero multipool hop-on hop-off problems, I'm sure.
Well as long as you do not do it like the PenguinCoin.. it's launched less then 2 hours ago. Got a pool in the OP that was a scammer, and now 50% of all coins are in the hands of a scammer.
HAVE TRUSTED POOLS IN YOUR OP!!
And look at the coin now.. with a diff over 100 approaching not very interresting anymore in a few hours. The coin is already dead for so many reasons. Even with over 4GHS of bandwith the coin can not be saved. Too many coins, to little to mine.... not good. Please make this coin better.
Agreed Penguincoin looks like a car wreck i like mining good coins! show me some hash lol
Difficulty 136.75829013
Est Next Difficulty 44.59173596 (Change in 201 Blocks)
Est. Avg. Time per Block 3 minutes 4 seconds
Est Next Difficulty 31.50680215 (Change in 187 Blocks)
Est. Avg. Time per Block 4 minutes 20 seconds