Topic: [GLC] Globalcoin | 4 Year Anniversary 1.5.4! | NO IPO, NO PREMINE | [SCRYPT] - page 62. (Read 225832 times)

We are in final testing today,  in the process of compiling/releasing binaries to pools & exchanges and then community very soon after.

Thank you for your patience

Currently the changes are being implemented and checked on testnet. Globalcoin will be adopting a difficulty retarget every block using an algorithm insipired by Peercoin. Big thanks to the developer RoadTrain who was behind the CHNCoin difficulty adjustment patch and now working on Globalcoin.

You can see the latest public work to the hard fork on github. There's more work that hasn't been published to github yet as well

Main Source:
https://github.com/CryptoParts/GlobalCoin

Fork with difficulty adjustment testnet:
https://github.com/RoadTrain/GlobalCoin

When the updates have been completed we'll get an update to the main source and developers will obviously post that here. Should be soon!

p.s In my opinion difficulty retarget every block is great, it's now used by many of the latest coins and on a good majority of the top coins. Some mentionable coins that retarget every block are: Peercoin, Primecoin, Megacoin, Novacoin, CHNCoin and Lottocoin.

Get your free Global-coin here

http://www.thebitcoinmaster.com/globalcoin/

I respect any opinion but can you cover your words?

Sell your coins.

now it is dead

Is here the dev of globalcoin? What is the idea behind globalcoin right now? How to improve? What to do? What is under development right now?

no news about 2 days i have the feeling no one is working on something
i think i dump all my coins

Not 100%. I think we are adopting the new Chinacoin/PPC model, which is dreamy...

what is the new difficultyretarget?

Good to see a turn around in price and it looks like there is very little resistance up to the $.02 range.  

IMO, once difficulty is fixed and the network is stable and reliably hashing, we are a top twenty Cryptocurrency.  

I vote to make the re-targeting at 10 blocks; every block would just be too erratic.

Also, is there a way to make sure the difficulty doesn't jump too high or low based on a re-target? I know some coins put in a 40-50% limit on the spike or drop of the difficulty re-targeting.

Developer says new clients should be ready ~ end of week.  Should get the difficulty back on target, coin subsidy drops at block at 280,000 I am pretty sure, so we should have until mid April before the subsidy halves.

Go Sista go!

Fun for all!

Edit: block 280,000 for halving of subsidy, so once difficulty is fixed, coin should get there fairly quickly!


Lets do this!

http://searchthemall.net/glc/block_crawler.php

Is there block explorer to check how many will be donated?

GlobalCoin developer fund

7HGqgroz38eY4xMfwUFb7BLVwUjUagykDm

I am starting a development fund so we can get GLC retargeting and pay for future projects and services. All donations will be added to the GLC donation ledger, so if you send a donation please pm me with the amount and name/allias of donator

Development on the client has started and going well. Should have a mandatory update by the end of this week/early next week.

Thanks for the ongoing support.

+1

any updates about the fix?

You're correct seems 450 blocks is the actual re-target.

The problem isn't just with the swings though, it needs to re-target faster so the coin cannot be subject to "strip miners". This can only be done by reducing the block re-target or yes putting a fixed percentage limit on diff increase/decrease. Many new coins now re-target every block to help prevent strip mining. By strip mining I mean when difficulty is low large amounts of miners jump on (collective pools etc) and sell the coin straight away, then as soon as diff raises they move on leaving the rest of the network stranded with high difficulty and a long time to go for the retarget (like now ugh). Since these strip miners also sell straight away into buy orders it becomes unprofitable to mine for those left and the coin actually becomes somewhat unusable for a very long time - like right now transferring coins can take multiple hours because of the high diff and low hashrate, blocks are not being found fast enough for transactions to be timely.

Network hashrate: 8,743 Kh/s

Time since last block: 4h 5m 30s //I've seen 10+ hours

Current difficulty: 12.31608598

Est. Next difficulty: 0.08143226 in 236 blocks / 16d 12h 36m at current hashrate.

Kudos to the miners on the network at the moment  

My recommendation would be to lower the diff re-target to 10 blocks or even every block. We want to support the network having the coin actually usable, for this we need miners finding blocks on time.

p.s CHNCoin was recently revived by implementing diff re-targets every block like that of Peercoin (in November), it's network hashrate was basically 0 and the coins nontransferable, now it's chugging along at 420+ MH/s - https://bitcointalksearch.org/topic/chncoin-resurrected-322488

The diff re-target is fine where it is.  The only problem is that when it changes up or down it continues to move in the same direction long after the network hashrate has matched the new diff thus leading to the large swings.  I believe the current diff re-target is 450 and not 600 like everyone is quoting. 

Leave the block re-target where it is and just focus on the swings which I believe are due to the re target calculations taking some kind of running average of the last several diff changes.  Maybe set min and max diff changes.  If you want strong stability use a small percentage.  If you like to see it at the top of the pile on the profitability sites every so often then use a larger min and max diff change (just not as big as it is now).

After (not before) the diff swings are fixed we need to have a marketing push like some of the other coins that are far younger yet more popular and seemingly foolish by design.  Global coin is still very undervalued and should be on par with worldcoin.  As a plan I would suggest waiting a couple of months to confirm that the update sticks without any major problems as marketing the coin when it has some bugs could be very bad for the coin and everyone that holds it.

So to recap my recommendations/requests:
Fix the large diff swings.
Leave everything else alone.
Let it run stable for a couple of months.
Marketing.
Marketing.
Marketing.