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Topic: Gravity Kicks MultiPools in the A$$ (Read 2546 times)

sr. member
Activity: 266
Merit: 250
February 12, 2014, 07:25:08 AM
#24
Duck is a dead coin. I think the dev scammed everyone or something

But, the grav well is a great innovation. A few coins without it were screwed
Agreed
sr. member
Activity: 335
Merit: 250
February 12, 2014, 07:23:44 AM
#23
I wrote that guide to KGW, for what it's worth. Tongue

It's worth a lot! Thanks! Cheesy
hero member
Activity: 588
Merit: 500
February 11, 2014, 05:32:24 AM
#22
I wrote that guide to KGW, for what it's worth. Tongue
sr. member
Activity: 294
Merit: 250
February 11, 2014, 04:23:30 AM
#21
+1  Smiley

Thanks for sharing this---a good read. I was pretty unclear on difficulty reajustment until you presented this.

Perhaps in another thread you could create a list of coins that utilize the kitomo gravity well? Would be most useful.

https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395

Yes, credit goes to KIMOTO => https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395

Hrmmm these the coins that have it impemented? If so I for sure will stick to those coins then.

Well, I don't know if kimoto has updated it but I know Franko has used Gravity as an Addon. DuckDuckCoin just had a troubled launch but they have fixed all of it and they have gravity well implemented
hero member
Activity: 672
Merit: 501
February 11, 2014, 02:53:24 AM
#20
+1  Smiley

Thanks for sharing this---a good read. I was pretty unclear on difficulty reajustment until you presented this.

Perhaps in another thread you could create a list of coins that utilize the kitomo gravity well? Would be most useful.

https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395

Yes, credit goes to KIMOTO => https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395

Hrmmm these the coins that have it impemented? If so I for sure will stick to those coins then.
sr. member
Activity: 294
Merit: 250
February 11, 2014, 01:53:11 AM
#19
+1  Smiley

Thanks for sharing this---a good read. I was pretty unclear on difficulty reajustment until you presented this.

Perhaps in another thread you could create a list of coins that utilize the kitomo gravity well? Would be most useful.

https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395

Yes, credit goes to KIMOTO => https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395
full member
Activity: 203
Merit: 100
February 10, 2014, 09:23:01 PM
#18
+1  Smiley

Thanks for sharing this---a good read. I was pretty unclear on difficulty reajustment until you presented this.

Perhaps in another thread you could create a list of coins that utilize the kitomo gravity well? Would be most useful.

https://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395
full member
Activity: 126
Merit: 100
February 10, 2014, 09:17:03 PM
#17
+1  Smiley

Thanks for sharing this---a good read. I was pretty unclear on difficulty reajustment until you presented this.

Perhaps in another thread you could create a list of coins that utilize the kitomo gravity well? Would be most useful.
legendary
Activity: 1274
Merit: 1000
February 10, 2014, 09:02:07 PM
#16
pump before the coin lunched? is it that bad ?
full member
Activity: 224
Merit: 100
February 10, 2014, 06:17:58 PM
#15
I've been a big supporter of Kimoto Gravity well for weeks. I was one of the first to suggest it for Catcoin (which as of yet is still deciding on a new algorithm) and also KlondikeCoin, which thanks to a great dev got implemented long before the multipools had a chance to wade in.

Kimoto Gravity Well is becoming the mainstream difficulty algorithm to fight back against the multipools and coin hoppers, and I for one am glad of it. I would like to see some KGW variations start appearing, though. I do believe it can still be improved upon.

Variety is a good thing, and it would be boring if every other Scrypt coin that came out now was KGW.

It will be good for the altcoins to have more options when it comes to differentiate themselves from other coins.
newbie
Activity: 19
Merit: 0
February 10, 2014, 05:26:12 PM
#14
+++ for intellect and style of writing, Sir I hope u become a Titan of the future community
sr. member
Activity: 504
Merit: 254
February 10, 2014, 04:43:25 PM
#13
Good write-up, thanks OP.

I really hope that CSC will implement this soon. It gets kicked in the nuts on a daily / bi-daily basis due to a high number of blocks between difficulty adjustments. It's one of the few alts that I see having a long-term future, but not if miners continue to shy away from it because they know they're just grinding out the hard work in-between the multipools jumping all over it.
full member
Activity: 126
Merit: 100
February 10, 2014, 03:56:04 PM
#12
I've been a big supporter of Kimoto Gravity well for weeks. I was one of the first to suggest it for Catcoin (which as of yet is still deciding on a new algorithm) and also KlondikeCoin, which thanks to a great dev got implemented long before the multipools had a chance to wade in.

Kimoto Gravity Well is becoming the mainstream difficulty algorithm to fight back against the multipools and coin hoppers, and I for one am glad of it. I would like to see some KGW variations start appearing, though. I do believe it can still be improved upon.

Variety is a good thing, and it would be boring if every other Scrypt coin that came out now was KGW.


There are many other things you can do ... KWG is good but you need something to attract miners. Like block halving, bigger payouts the first XX blocks etc. KWG is not the thing to attract miners. A trophy block every  1210th block  makes people jump in and jump out.
hero member
Activity: 532
Merit: 500
February 10, 2014, 03:10:15 PM
#11
I've been a big supporter of Kimoto Gravity well for weeks. I was one of the first to suggest it for Catcoin (which as of yet is still deciding on a new algorithm) and also KlondikeCoin, which thanks to a great dev got implemented long before the multipools had a chance to wade in.

Kimoto Gravity Well is becoming the mainstream difficulty algorithm to fight back against the multipools and coin hoppers, and I for one am glad of it. I would like to see some KGW variations start appearing, though. I do believe it can still be improved upon.

Variety is a good thing, and it would be boring if every other Scrypt coin that came out now was KGW.
full member
Activity: 126
Merit: 100
February 10, 2014, 03:00:30 PM
#10
I think it's smarter to implement this after launching, but before hitting an exchange. Big multipools do not mine launchcoins since there is no exchange to dump the coins. When you want to create a hype for a coin, it's not done with KGW.  When all miners start at launch mining this coin difficulty rockets. So they know they are better off starting to mine in 2 or 3 days. But this also means the hashrate will not rocket at the introduction....   so this is not good for the coin. Because after a few days there was no hype and the coin has not jumpstarted,

Miners want to be rewarded for supporting your coin at moment 1. So diff retarget after a lot of blocks is good. This means day 0 miners will have lots of coins, and will support it.

Sure there are serious coins with a purpose that could implement Kimoto, and still get away with it. But i do not think a Duckcoins falls in this catagory... But most coins are just here to get pumped and dumped. This is not a bad thing when everyone knows this really...

How do you get miners to mine a coin with no purpose, and no rewards for early miners?



+1.

Agreed.

Why not just fork the coin to implement KGW before hitting an exchange? If feasible...

not only feasible... but done by almost every coin. It's not because they did not think about it when creating the coin... they thought about it very well and decided to do this later. Why worry about multipools ....  first there has to be a profitable coin to attract them. This is done by volume by miners with a good hashrate and market capitalisation.

When i see a coin that has KGW at introduction i will not mine it at start. Does not make sense. Sorry for being the partypooper.

Megacoin was a well known and supported coin with a big marketcapwhen Kimoto introduced difficulty retarget per block.
sr. member
Activity: 335
Merit: 250
February 10, 2014, 02:57:36 PM
#9
I think it's smarter to implement this after launching, but before hitting an exchange. Big multipools do not mine launchcoins since there is no exchange to dump the coins. When you want to create a hype for a coin, it's not done with KGW.  When all miners start at launch mining this coin difficulty rockets. So they know they are better off starting to mine in 2 or 3 days. But this also means the hashrate will not rocket at the introduction....   so this is not good for the coin. Because after a few days there was no hype and the coin has not jumpstarted,

Miners want to be rewarded for supporting your coin at moment 1. So diff retarget after a lot of blocks is good. This means day 0 miners will have lots of coins, and will support it.

Sure there are serious coins with a purpose that could implement Kimoto, and still get away with it. But i do not think a Duckcoins falls in this catagory... But most coins are just here to get pumped and dumped. This is not a bad thing when everyone knows this really...

How do you get miners to mine a coin with no purpose, and no rewards for early miners?



+1.

Agreed.

Why not just fork the coin to implement KGW before hitting an exchange? If feasible...
sr. member
Activity: 335
Merit: 250
February 10, 2014, 02:54:42 PM
#8
Good read. Thanks!
full member
Activity: 126
Merit: 100
February 10, 2014, 02:51:15 PM
#7
I think it's smarter to implement this after launching, but before hitting an exchange. Big multipools do not mine launchcoins since there is no exchange to dump the coins. When you want to create a hype for a coin, it's not done with KGW.  When all miners start at launch mining this coin difficulty the rockets, making it not really attractive to start at the beginning of the launch. So they know they are better off starting to mine in 2 or 3 days, when the hype is gone. But this also means the hashrate will not rocket at the introduction....   so this is not good for the coin. Because after a few days there was no hype and the coin has not jumpstarted.... and it may look there is not much interrest in the coin.

Miners want to be rewarded for supporting your coin at moment 1. So diff retarget after a lot of blocks is good. This means day 0 miners will have lots of coins, and will support it.

Sure there are serious coins with a purpose that could implement Kimoto, and still get away with it. But i do not think a Duckcoins falls in this catagory... But most coins are just here to get pumped and dumped. This is not a bad thing when everyone knows this really...

How do you get miners to mine a coin with no purpose, and no rewards for early miners?

sr. member
Activity: 294
Merit: 250
February 10, 2014, 02:50:29 PM
#6
Duck is a dead coin. I think the dev scammed everyone or something

But, the grav well is a great innovation. A few coins without it were screwed

I think 42 coin got screwed badly due to this pitfall of not having Gravity Implemented.

I don't see how duck is a dead coin, tho..? and why does everyone in the crypto community call each other Scammers so fast with no real reason?
Instead of being united and working towards the same plan, we fight each other for no apparent reasons. This is what I hate about bitcointalk... my 2 cents.

Look at how bad MTGOX scammed people... and no one seems to call them a scam? Why? Put your shit together community... we are fighting each other for no reason.

Today, a lot of places pulled MTGOX out of their Pricing Index and Browsing Support... I think Duck is far away from that type of stunt Mtgox is pulling. .
sr. member
Activity: 434
Merit: 250
February 10, 2014, 02:41:49 PM
#5
I personally really like this, multipools are really fking up the dif of few coins.
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