Topic: NA - page 284. (Read 893613 times)

My feeling says youre profit will be better. Pls let us know how you do after Digishield kicks in.

May I ask? Do you sell all the coins you mine or do you save some also for saving/investing/spending?

Expectation is that after Digi it will be more profitable for dedicated miners, because multipools will leave and lower the difficulty because of that.

So, I have only 1 28 Mhs miner. I am able to mine 400 NLG/day. I hope that Digishield wont change that, because that will have a reverse effect that you expect! Miners will leave if the diff will go higher then 1000 and wont come back, because that wont be profitable even with someone with free electricity!

Hope I am wrong and I can have near the same amount after digi kicks in!

Not necessarily.  If the 30% of the wallets that haven't updated are connected to each other, essentially they will still be processing "valid" blocks because their code says it's valid.  They will fork off the chain into their own "valid" chain.  I mentioned this a few pages back with the possibilities of what could happen with CM.

Luckily we have a majority of the wallets upgraded, so the impact should be minimal.  The 70% will invalidate the 30%'s "valid" blocks.  The blocks will hit the chain but be rejected before they are written.  Now if we were sitting at a 50/50 split in versions or worse, or the majority of the hashrate was based on the old code and validating with older clients, we would be in for trouble unless we explicitly stated the MIN_PEER_PROTO_VERSION found here: https://github.com/nlgcoin/guldencoin/blob/master/src/version.h#L34.  That line, combined with a protocol increase, would block connections from any wallet running an older protocol version.

I see that the protocol magic was changed in this code change, but I'm not sure if that has something to do with this whole discussion, but /GJ could probably shed some light on it.

-Fuse

If all the pools are updated, the old versions won't process transactions any more, right? So, that should not be a problem then.

Price will jump on a buy high enough to kick in the profitability algorithm, and they mine like one block before the exchange price drops back down.

I have full confidence in DIGI.  It will do the trick to get the jumpers off the chain.  I'm just interested to see what the mining distribution will look like after the switch.  My only concern is the 25-30% of the wallets that haven't updated.  We didn't make a protocol version ban in the code, so I'm just hoping that doesn't come back to bite us in the butt.  /GJ said it wouldn't matter, so I'm trust him and ride it out.

-Fuse

Always good to see a price raise

I'm still kind of new to crypto but that's my take on it as well..  makes NLG mining less profitable for clever as some of the low difficulty blocks are going to other jump pools instead of clever having them all to themselves.  The flipside with the current algorithm is there are potentially higher difficulty upswings as multiple pools are now bringing their hashing power to NLG to solve those low diff blocks.  With the new algorithm only looking at the time between the last block and new block to set the new difficulty those jump pools should theoretically exit sooner.. we'll see what happens   Once in a while clever solves a high difficulty block.. not sure why.. testing?  Anyways, will be interesting in a few days to see what happens.  Hoping this will do the trick and we'll see dedicated miners return to NLG for their fair share of the rewards.

So Gazo is more directly competing with Clever? If that keeps Cever below 50% I'm fine with that, but better to have them all gone.

Since we're only mining an average of 550 blocks per day in January, I'd tack on about 3 hours to this estimate.    

Just curious.. does anyone care much about # of blocks in 24 hours coming in short every day since switching to DGW?.. My personal view is it's not a big deal.. too many NLG were mined April 5 to April 14 (almost 3,000 per day) so we are still technically ahead of schedule in terms of NLG creation.  See http://nlgstats.iblogger.org/charts/blocks_per_day.html   come to think of it that would probably make a good running chart.. how many blocks ahead/behind schedule we are..

In terms of what to expect after the switch to the new algo, I'm really excited to see how the difficulty swings and block gaps look a week or so after the switch.  A lot will probably depend on whether or not this will shake clevermining and other jumpers off the chain.. there now seem to be other miners/multipools(?) jumping in only to mine low difficulty NLG blocks (took them long enough to figure it out).   Gazo1qWgAxtkRfapMjv6GQWJskeWTPWGkd for example only seems to solve low difficulty blocks and sends the NLG rewards straight to bittrex. See chart below of Gazo1q solved blocks.. Has been mining NLG since December 11.  Despite the NLG difficulty range typically bouncing between 300 and 2000, Gazo1q typically doesn't solve a block above 600. 





 

Yep, and it will work... or not.

Any details, what to expect? Digshield just kicking in on block 194300?

https://forum.guldencoin.com/index.php?topic=260.msg6307#msg6307

Took a while to find it, but there it is. I remembered there was a bounty, that's why I was suggesting Nite's GW but I couldn't test it, but here's hoping DIGI works.

So if a multipool is hitting EFL there should be sell orders the multiple of 12,5 (block reward), like the last sell order (02:19:00 PM). And there're a lot of them more. Good luck with that  

Looks very familiar BioMike. Wonder if it's the same pool...

They say they want to use the coin as a "savings" plan (read: store of value). But they don't seem to grasp the economy around it (I asked them multiple times, no answer). You need a solid bid order book for that, which they lack (or some other value insurance). Combine this with the "pump"-posts and other not so nice posts on their own forum, I would say stay away from it.

The situation with EFL is now that a few entities contain almost all coins (which they paid a lot for to pump the exchange rate) and need to trick (nicest word I could find to describe this) people into buying them (with a coin that provides no added benefit over the hundreds of other coins), because else they are stuck with their overpriced coins (because they are the ones themselves who buy them).

Now, check this: http://egulden.org/info/boekhouding/blockchain-in-beeld (last graph, gap times between blocks), see something familiar? And they are not even noticing it.

Very, VERY curious about the Sendchat plans in general especialy if combined with Guldencoin in the future. Realy don't do much with BTC tbh.

Cookie.

Great!!! <3

Check their impressive Bittrex stats, a lot of EFL ready to be dumped: https://beta.bittrex.com/Market/?MarketName=BTC-EFL&tab=distribution

 

Pumping EFL is like riding a dead horse. There is less then 5 people sitting with 95% of the coins including the foundation and the original scam devs that created the coin.