Topic: Offical launch of PhenixCoin.com - page 54. (Read 151407 times)

We already have a maximum diff change which is at the moment the factor 4 afaik. As you could see during the last retarget we didn't jumped from ~2.5 to around 22. We jumped "only" to 10.x.

My proprosal would be to decrease the maximum retarget factor to 2 and add a kind of fallback for the time WHEN the retarget happens. Something like: Retarget after the next 2400 blocks OR in 8 days from the last retarget, depending which critieria was fullfilled first. Due to this we wouldn't stuck for such a long period and due to the lower factor the adjustment would be smoother.

I've never developed a coind neither i have checked the implementation, so i don't know how easy it is add such functionality. Also i don't know the drawbacks of such a solution. But from my point of view it doesn't sound really tricky... =)

Edit: Well sorry ... my proposal is basically what ToxicDartFrog wrote ^^ ... nevermind, haven't read it carefully enough ..

I'm still putting a constant ~850kh to the phenixmining pool. Basically since I found PXC my miner has been running nonstop Anyway we really should figure out how to get through this diff problem and prevent it from happening again. A hard fork with a couple of adjustments should help for the future stability of the coin but not until the right block is reached to trigger the diff retarget. Also as mentioned when we get through this if the diff goes way back down the same thing will likely happen all over again. So while the network is having its least activity in a while we should fork with a quicker block retarget and maximum % diff change and we'll become quite resistant to future fluctuations in hashrate.

The only thing that i see at the moment is the wrong information of "Curr. Round Shares" ... it always displays a minus value, which is not right i guess ... but i saw this also on other pools. Seems to be a common problem

TY, Sir! I try to resolve issues as soon as I hear of them and still I'm in a learning process, so feedback like this helps me alot

cool, let's get it done then asap. Did they create this coin themselves and can they make the changes or whom reliable could they hire who would not mess everything up?

I think it is possible to change the diff retarget time  and there is no reason why they couldn’t add a message feature into an alternate wallet like I plan to do

zack

Some nice ideas, although how easy it is for them to change this type of thing so drastically now i am not sure.

The devs need to be a lot more vocal though since although they have rightly said they will not announce new developments before launch they need to not just go all quiet else people lose confidence. The total hash rate is quite tiny now that's quite sad to see actually. Would have thought a few more people would have left a miner on it although i understand a lot of people can not operate at a loss for 30days. Even if that loss does become a large profit in the future.

The pool is running well. I havent had any problems yet. And only 1.1% rejected on a non-stratum pool is quite nice. Good job

the devs need to look at my coin ideas https://bitcointalk.org/index.php?topic=226582.20

Maybe remove the coin from coinchoose and friends ... then the next diff adjustment will have less impact because all the automatic and not so up to date coin switcher wont jump to fast on the coin. Then also the devs would have a bit more time to think about a solution ... i know that it is not the best solution to "hide" a coin from the public, but maybe it would bring just a bit of stability before there is a final workaround ...

Its still early days, I'm holding and will see what happens

actually i guess even 2.5x block reward would make it profitable again. But a lot of manual hassle for them i guess. Maybe better to give larger bounties for certain blocks like ftc did. Although as someone said this is just a temp fix and really this can happen over and over again with this design of coin.

Holding what I have.

Mining solo a little bit with one board (was at allpoolz but not much point to stay when pool hashrate goes below 2MH/s, also was getting blocks in a row for the pool and wanted to try my luck solo ^^).

Diversifying with my second board ... Don't have much to buy pxc for now.

VERY GOOD POINT. Devs could use the premined coins to bring the miners back to break this difficulty.

one more thing, as soon as we break that difficulty  it will go down to back to 1 and then the profitability will skyrocket - miners will jump in, and the situation will be the same again.. 30 days of waiting, until miners will quit mining. The coin has to maintain the 0.00030 price to have miners in there..

Well at the current state im selling all i mine to get the money back for equipment. In the future when it will be pure profits rather then getting the money back I will hold - but today I sell all i get. And profitability chart at current difficulty is horrible.. Therefore I cannot dedicate my hardware for such a low income.

The same goes for the future, when i will be able to afford to hold coins hoping they will boom I will, so far even the bitcoins future is questionable - alt coins 10000x more questionable, due to the fact there are tons of them and none have been actually implemented anywhere widely - just some website from devs for example.

People can't really take a risk of mining for 30days at a loss. I have left 1 miner on it since i only have 2 machines. However the other is on ltc to pay costs.

Really though the devs should have thought this out more. This coin was released after the problems with ftc and cnc and i brought it up several times at the start of this thread. This was always going to happen once the coin hit the exchange and then coinchoose.

PXC needs to get something out that far exceeds what other coins have now or else mod the diff adjust. I think with their obvious talents they can pull this coin back even after 30days however it will be a bit of a wait for those that like to see fast results. TBH if they should probably mod the dif adjust since even ltc is prone to this kind of thing if another coin started to rival it at the number 1 alt. Also since there is now lots of talk about asic for scrypt that is also a worry for these long diff adjust coins.

If they had premined a few more ( i know that's not popular) then they could offer some large bounties for those that find new blocks.....ie  4x block reward to make it profitable again in the mean time.

Either way i am still totally backing this coin to be a winner a  year from now, i just think the design was outdate from the outset and was a bad choice after seeing cnc ftc hit the same problems.

Right .. . We are put to the test lol ...Just stay strong and keep on mining, it will pay off for sure ...And thx to MaGNeT and MKoch for mining with http://phenixmining.com

I can just tell from my point of view... i'm currently mining with my one and only 7950 card @ ~570 KH/s. Only on PXC... for me it is also a kind of "long term" investment ... with the current prices and diff i would lose money if i sell because here i pay around 0.28$ for power ... I will just continue mining and collect as much coins as i can. Just my two cents. I'm just looking forward that we can get rid of this bad situation atm together :-) ... if more people would think like that it would over in just a view days ...

When you look at CoinChoose you see profitability for current price.

I guess you don't believe in PhenixCoin? You don't believe price will go up? You sell all you mine? Or do you hold? If you hold, why stop mining? Or do you mine other coins and buy back PXC?

Not just a question for you, also for others who quit mining PXC.