Topic: Official PhenixCoin[PXC] Update Thread - page 25. (Read 19646 times)

A lot of us are anxiously awaiting an update on this.  I see that the network hashrate is still dropping and there are more people selling on crypsy.  I am currently trying out solo mining to see how it goes.

pump

Finally out of newbie jail so I can post! Been mining PXC since the beginning and witnessed the diff attack. Kinda a bummer to see less coin now but the worst is that hashing power is way down.

So I've been thinking. Maybe that wasn't a deliberate attack? The diff had been on a decline for days and that day it had dropped even more. Say miners are looking at it from a profitability/coin count perspective and when diff dropped they all piled in at once and caused a diff spike. This could be many independent miners acting in their own mining interests and due to the nature of how difficulty recalculates it played out this way. I'd say without some fixes most of the coins are susceptible to this kind of 'attack'.

Possible solutions could be some kind of significant decrease to the # of blocks to solve between retarget (1200, 600?) as well as possibly a maximum diff target % of change. How taxing is a retarget on the network? Aside from avoiding a fork is there a reason not to drop blocks to retarget down to some really low number and set a kind of low max % change? I'd think this would smooth out diff jumps significantly.

There's also giving out block rewards to miners to promote extra mining so we can get to the next retarget block sooner. Wouldn't solve the core issue though...

Lastly I realize some people worry a hard fork could hurt the reputation of the coin. I'd think this is more problematic with a coin in the middle of a lot of hype. Thankfully PXC hasn't quite gotten there yet and making sure we have the proper fixes into the network BEFORE an explosion in popularity would be an important preemptive measure to prevent this from happening again.

So either way my miner is still going at a steady 800kh or so but hopefully some more miners (not too many! ) join in to help get to the next 2400th block and hopefully see the block time fall more inline with network rate again.

BTW good work PXC dev team!

Well, that's simple. An adjustent to the diff. retarget time will fix this AND prevent future problems. Just make it a much shorter period. We're still going to have difficulty spikes : most coins will have that now due to those autoswitching scripts that most big miners use now.

Maybe you should post here something to encourage miners to get back on PXC or the remaining 50 megahash will vanish.  Im saying this meanwhile mining with 5 mega / sec.

 

I`m behind this question too.

What are you guys going to do to keep this from happening again?

I look forward to the new announcements!

Have you decided on your new coin yet when you lose faith in PXC? 

Good guys keep it up. Just beacuse of you guys I trust on PXC.

yes,all i ever wanted is here "We are working on a fix for the difficulty adjustment so this issue does not happen again in the future. " 
great guys

Great guys

Looking forward to some juicy updates

Pool operator ready to updade !

Nice !
Active developpers is what we need ... and is what we have with this coin

Thank you for posting this, I am by no means a "Big Miner" and I am relatively new to the crypto scene.  From what I have seen so far I have a lot of faith in PXC