Topic: GB Coin: Real Team & Workshops & Financial Goals - page 12. (Read 47633 times)

We held our first crypto workshop on Saturday 12th of April at the Avoncroft Arts Centre, Stoke Heath, Worcester. As it was our first workshop we didn’t expect too many people to attend so we invited some local six-formers from Droitwich High School.

In the workshop, Adrian covered mining while demonstrating a mining rig, while Dave covered wallets and the blockchain. As it was a little bit rushed, because we had only just launched GB Coin, we only took a few images – next time we’ll take many more.

Are the photos from the first workshop online now?

It is no secret that our current difficulty solution is being exploited by the multipools to take the value of out Feathercoin mining. They use our solution against us to mine without moving the difficulty by much. Wrapper and Wellenreiter have spent a long time simulating our current problem and coming up with better solutions. What we have come down to is a much shorter retarget and the use of two averages compared to just the one.

We suffer from 'peck' attacks as Wrapper likes to put it, where the multipool throw a huge number of hashes at us for a small amount of time. Due to the 126 block retarget and the 504 average they can do this and leave the difficulty pretty much where it is but this does leave the difficulty higher overall removing room for loyal miners. It is hard to convince people to mine Feathercoin when the profit is so low due to the way multipools mine us.

For a while the current difficulty solution did its job but the multipools have now looked at how to maximise their profits and the cost to regular Feathercoin miners. With the new solution we hope to see a significant increase in the amount of coins that can be mined by regular miners as the effect of 'peck' attacks will be greatly reduced.

In addition to this something that was raised in the past is increasing the block time. This allows us to react faster to the 'peck' attack over a smaller amount of time. The coin reward has to be reduced proportional to the time reduction. Blocks that are too fast suffer from a large number of orphan blocks being created. The orphan rate drops off significantly at 45-50 seconds and we aim for a block time target of 60 seconds to be safe. Kevlar pointed out before that shortening the block time reduces the risk of double spends. We would also be the fastest coin on BTC-e so that's an additional feather in our cap. Block reward will be reduced to 80 coins to maintain our current inflation model.

Soure: https://forum.feathercoin.com/index.php?/topic/6697-dev-hard-fork-to-change-retarget-averages-and-block-time/

https://coin-swap.net/ maybe scamsite!!
for registration ONLY e-mail adress and they want my wallet adress....i think this is not right!

Could you explain more about the Kimoto Gravity Well please?

This coins now seems near impossible to mine, even though difficulty is only at 2.9 right now, considerably less than a few days ago where I was getting 10 coins per night and now I am only getting 2 per night. How does this make any sense?

1mh/s generating 2 coins per 12 hours on 2.9 diff seems a little odd to me on a coin that has a max supply of 60 million.

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Could you explain more about the Kimoto Gravity Well please?

This coins now seems near impossible to mine, even though difficulty is only at 2.9 right now, considerably less than a few days ago where I was getting 10 coins per night and now I am only getting 2 per night. How does this make any sense?

1mh/s generating 2 coins per 12 hours on 2.9 diff seems a little odd to me on a coin that has a max supply of 60 million.

Hi, could you please reply to my pm regarding translations

https://coin-swap.net/ maybe scamsite!!
for registration ONLY e-mail adress and they want my wallet adress....i think this is not right!

Thanks for the offer, but i'll pass, as I believe this coin should of done some sort of air drop to the British people, I would of been heavily involved if that were the case. As it stands I can't get behind it.

I won't bother you no more.