will update post soon,
Nice that you are trying to fix the multipool-issue
Topic: [POLL] '42 Coin' Client Update [PoS, KGW, Merged Mining?] Problem = Multi-Pools (Read 1987 times)
March 12, 2014, 09:53:24 AM
March 07, 2014, 09:24:44 AM
being worked on as we speak
March 07, 2014, 06:13:05 AM
+1
March 06, 2014, 07:45:52 PM
Does it exist any coin with PoS + KGW?
I think there is no coin with the same features implemented together... So it would be a great innovation
I think there is no coin with the same features implemented together... So it would be a great innovation
I agree
March 06, 2014, 07:28:52 PM
Does it exist any coin with PoS + KGW?
I think there is no coin with the same features implemented together... So it would be a great innovation
I think there is no coin with the same features implemented together... So it would be a great innovation
March 05, 2014, 05:13:35 PM
doesnt Merged Mining slower the transactions?
Good question we will do extensive testing prior to the release but can anyone confirm if this is the case?
Edit: This is not the case.
March 05, 2014, 11:56:59 AM
doesnt Merged Mining slower the transactions?
March 05, 2014, 05:34:37 AM
MultiPools VS Scrypt-Adaptive-Nfactor
?
?
March 05, 2014, 01:18:14 AM
Bump
March 04, 2014, 11:22:02 PM
PoS is great we think of it at SUN too.
March 04, 2014, 10:21:29 PM
There has been talks about multi-pools raping the crap out of 42, everyone knows what multi-pools are for, right?
Make the pool operators wealthy and profit switching for the next big coin, dumping on exchanges to cash out BTC or LTC
Let's vote and make a decision as a community for which type of update should be implemented for 42 coin.
Hendo should be back soon after his move; meanwhile, tx42 is working on PoS and another dev is working on Merged/KGW
What is Merged Mining?
"Merged mining allows a miner to mine for more than one block chain at the same time. The benefit is that every hash the miner does contributes to the total hash rate of both (all) currencies, and as a result they are all more secure.
Starting with a high-level explanation: The miner (or mining controller in the case of pooled mining) actually builds a block for both hash chains in such a way that the same hash calculation secures both blocks. Work units based on this block are then assigned to miners. If a miner solves a block (at the difficulty level of either or both block chains) the block is re-assembled with the completed proof of work and submitted to the correct block chain (or both blocks are separately reassembled and each submitted to the corresponding network if it met both of their difficulty requirements)."
Source: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work
What is KGW? (Kimoto Gravity Well)
What Is a Mining Difficulty Readjustment Algorithm, Anyway? To understand what the Gravity Well algorithm is and what it does, you first need to understand what a "mining difficulty readjustment algorithm" is and why is it important for all current cryptocurrencies based off of the original Bitcoin source code. First, let's pull a few important definitions from the Bitcoin wiki:
Difficulty Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be.
Gravity Well: At the most basic level, Kimoto has changed how difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network. I'm not 100% sure about the exact mathematics behind the calculations, but so far since its introduction on the network the difficulty has adjusted smoothly and flawlessly no matter how many miners there are on the network and even throughout the huge price (and subsequent mining hash rate) increase we have seen over the past couple of weeks.
This keeps mining fair and secure for all miners and users of the coin, and prevents the rampant multipool abuse that was (and still is) common with most all other altcoins out on the market today. This is even more important to consider when one day ASIC miners are developed for Scrypt coins and a small number of miners will suddenly have access to extremely powerful mining hardware.
If and when this occurs, a malicious (or simply greedy) miner can simply point his or her ASIC miner at any Scrypt-based coin and cripple it because of the extreme difficulty fluctuation this will cause. (This is actually what happened with Terracoin after SHA-256 ASICS began to flood the market.) Megacoin, however, will be safe from this type of malicious mining behavior due to the smooth difficulty readjustment that Kimoto's Gravity Well provides."
Sources:
https://forum.megacoin.co.nz/index.php?topic=893.0
https://forum.megacoin.co.nz/index.php?topic=2872.0
http://bitcoin.stackexchange.com/questions/21730/how-does-the-kimoto-gravity-well-regulate-difficulty
What is PoS? (Proof-of-Stake)
Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run hashing algorithms to validate electronic transactions. It is most commonly used as a supplement to proof-of-work in Peercoin and a few other electronic currencies. Source: http://en.wikipedia.org/wiki/Proof-of-stake
Please make a vote + post your opinion below.
Make the pool operators wealthy and profit switching for the next big coin, dumping on exchanges to cash out BTC or LTC
Let's vote and make a decision as a community for which type of update should be implemented for 42 coin.
Hendo should be back soon after his move; meanwhile, tx42 is working on PoS and another dev is working on Merged/KGW
What is Merged Mining?
"Merged mining allows a miner to mine for more than one block chain at the same time. The benefit is that every hash the miner does contributes to the total hash rate of both (all) currencies, and as a result they are all more secure.
Starting with a high-level explanation: The miner (or mining controller in the case of pooled mining) actually builds a block for both hash chains in such a way that the same hash calculation secures both blocks. Work units based on this block are then assigned to miners. If a miner solves a block (at the difficulty level of either or both block chains) the block is re-assembled with the completed proof of work and submitted to the correct block chain (or both blocks are separately reassembled and each submitted to the corresponding network if it met both of their difficulty requirements)."
Source: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work
What is KGW? (Kimoto Gravity Well)
What Is a Mining Difficulty Readjustment Algorithm, Anyway? To understand what the Gravity Well algorithm is and what it does, you first need to understand what a "mining difficulty readjustment algorithm" is and why is it important for all current cryptocurrencies based off of the original Bitcoin source code. First, let's pull a few important definitions from the Bitcoin wiki:
Difficulty Difficulty is a measure of how difficult it is to find a new block compared to the easiest it can ever be.
Gravity Well: At the most basic level, Kimoto has changed how difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network. I'm not 100% sure about the exact mathematics behind the calculations, but so far since its introduction on the network the difficulty has adjusted smoothly and flawlessly no matter how many miners there are on the network and even throughout the huge price (and subsequent mining hash rate) increase we have seen over the past couple of weeks.
This keeps mining fair and secure for all miners and users of the coin, and prevents the rampant multipool abuse that was (and still is) common with most all other altcoins out on the market today. This is even more important to consider when one day ASIC miners are developed for Scrypt coins and a small number of miners will suddenly have access to extremely powerful mining hardware.
If and when this occurs, a malicious (or simply greedy) miner can simply point his or her ASIC miner at any Scrypt-based coin and cripple it because of the extreme difficulty fluctuation this will cause. (This is actually what happened with Terracoin after SHA-256 ASICS began to flood the market.) Megacoin, however, will be safe from this type of malicious mining behavior due to the smooth difficulty readjustment that Kimoto's Gravity Well provides."
Sources:
https://forum.megacoin.co.nz/index.php?topic=893.0
https://forum.megacoin.co.nz/index.php?topic=2872.0
http://bitcoin.stackexchange.com/questions/21730/how-does-the-kimoto-gravity-well-regulate-difficulty
What is PoS? (Proof-of-Stake)
Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run hashing algorithms to validate electronic transactions. It is most commonly used as a supplement to proof-of-work in Peercoin and a few other electronic currencies. Source: http://en.wikipedia.org/wiki/Proof-of-stake
Please make a vote + post your opinion below.
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