Topic: SmallChange [research-only] [Litecoin based] [15 seconds blocks] [*update now*] - page 20. (Read 26622 times)
April 21, 2013, 03:58:11 PM
I'm stuck on 1 connection, can someone give me an "addnode"...?
April 21, 2013, 02:53:39 PM
"connections" : 2,
YAY!
YAY!
Quote
I was trying to get p2pool to work still some snags.
hope you have it sorted out soon, because SMC difficulty will go up soon and then it might not be profitable here anymore 
anyway: thanks for the nearly 4000 blocks!
April 21, 2013, 02:40:53 PM
Let's not forget that no exchange is going to want to host a currency with 15s blocks, and the resources that requires. You would need the friggin obama hope campaign of advertising to generate enough buzz to sway an exchange to offer a coin with 15s block solves.
GG/BTC and TBX/BTC pairs existed at BTC-E for some time. April 21, 2013, 02:35:12 PM
"connections" : 2,
YAY!
I was trying to get p2pool to work still some snags.
YAY!
I was trying to get p2pool to work still some snags.
April 21, 2013, 02:32:14 PM
With a windows client you would have more peers.
aw - SMC shouldn't grow too fast Quote from: blastbob
I only got 1 in my list for now.
yes, that's me! April 21, 2013, 02:26:58 PM
With a windows client you would have more peers. I only got 1 in my list for now.
April 21, 2013, 02:04:39 PM
I am a stat whore.. Blocking hard here
lolyou really wasting 1.35 MHashes/s ? okay
Quote from: Balthazar
I understand, but at least the sampling interval increase would be helpful.
you mean: nInterval, currently at 8 hours ?Code: (main.cpp)
static const int64 nTargetTimespan = 0.35 * 24 * 60 * 60; // SmallChange: 0.35 days
static const int64 nTargetSpacing = 15; // SmallChange: 15 seconds
static const int64 nInterval = nTargetTimespan / nTargetSpacing;
Quote
No binaries?
Sorry, no binaries and I also didn't test windows builds or the qt GUI build.. This "coin" is more meant for research, not as a currency (and as such maybe in the wrong forum section). 
April 21, 2013, 01:58:30 PM
No binaries?
April 21, 2013, 01:58:18 PM
do you have a compiled version? or we have to compile ourselves?
April 21, 2013, 01:30:43 PM
But I prefer decreasing blocksize to 16k or even 8k, because there is no sense of 1mb blocks at such blocks rate.
Yes, that's the obvious answer. It remains to be seen if the Litecoin network will encounter orphan problems as time goes on with 1 MB blocks. Bitcoin is already having problems with 10 min blocks, which is kind of scary. Litecoin should probably have adjusted the block size to 256 KB.
April 21, 2013, 01:27:08 PM
TBX & GG also used 15s block targets, so no records there. You should use 10s targets to win 
Maybe increase the block size to 10 MB and try 5s too, it'll be a contest for who can achieve the highest rate of orphans
A double-spend filled adventure!But I prefer decreasing of blocksize to 16k or even 4-8k, because there is no sense of 1mb blocks at such blocks rate. That's may be interesting for currency which intended for microtransactions.
April 21, 2013, 01:24:59 PM
Let's not forget that no exchange is going to want to host a currency with 15s blocks, and the resources that requires. You would need the friggin obama hope campaign of advertising to generate enough buzz to sway an exchange to offer a coin with 15s block solves.
GG/BTC and TBX/BTC pairs existed at BTC-E for some time. April 21, 2013, 01:16:43 PM
TBX & GG also used 15s block targets, so no records there. You should use 10s targets to win
Maybe increase the block size to 10 MB and try 5s too, it'll be a contest for who can achieve the highest rate of orphans
A double-spend filled adventure! April 21, 2013, 01:12:09 PM
Let's not forget that no exchange is going to want to host a currency with 15s blocks, and the resources that requires. You would need the friggin obama hope campaign of advertising to generate enough buzz to sway an exchange to offer a coin with 15s block solves.
April 21, 2013, 01:07:29 PM
I understand, but at least the sampling interval increase would be helpful. 
I.e. perform retarget every 0.35 days, but use last 1-3 day blocks set for target calculation. It will prevent some kind of attacks by users with high hashing power.
I.e. perform retarget every 0.35 days, but use last 1-3 day blocks set for target calculation. It will prevent some kind of attacks by users with high hashing power.
April 21, 2013, 01:00:51 PM
I am a stat whore.. Blocking hard here
April 21, 2013, 12:55:43 PM
It will be dead-by-design, if you leave difficulty adjustment algorithm without changes.
Thanks for the honest advice -- I expected that my chosen coin parameters could break stuff but the whole thing is more intended to show where to change what in the codebase for 'rebranding' and that anyone can do it with minimal efforts. Hopefully it contributes to keep the value of those cryptocurrencies down that are just weak spinoffs (with questionable intentions) of 'serious' ones on the one hand and on the other I wanted to have something to play with for research reasons...
Quote from: Balthazar
TBX & GG also used 15s block targets, so no records there.
ow.. :/ April 21, 2013, 12:29:48 PM
TBX & GG also used 15s block targets, so no records there. You should use 10s targets to win
April 21, 2013, 12:28:33 PM
SmallChange (SMC) - a 'faster' version of Litecoin which also uses scrypt as a proof of work scheme and is intended for microtransactions.
*) 15 seconds block targets: beat that MinCoin!
Cheers!
*) 15 seconds block targets: beat that MinCoin!
Cheers!
lulz.
I wish you the best.
April 21, 2013, 12:24:31 PM
It will be dead-by-design, if you leave difficulty adjustment algorithm without changes.
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