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Topic: Terracoin Difficulty Question - page 2. (Read 4801 times)

legendary
Activity: 1205
Merit: 1010
March 26, 2013, 02:20:27 AM
#14

I'm not saying that you couldn't be right regarding having this exploited by a miner or pool that regularly jumped back and forth, although I think the effect is much more pronounced right now because the hash rate is relatively so low so relatively few large miners jumping on really makes big waves. When the rate is (hopefully) might higher and the number of miners much larger, I'm would hope that this effect won't be so pronounced.


When the hash rate was low hundreds I didn't notice this. Look rabbit, I think it is already being exploited by some big miners, that's why it's jumping 3x back and forth consistently. And there would be more of them joining the force. I highly doubt this problem is now going to go away by itself as there can only be more and more people catching onto this, including the medium and small miners, as the profit motivation is quite large.

Both ppcoin and devcoin adjust faster and smoother than litecoin, the extreme and naive approach of terracoin is not a better solution.
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
March 26, 2013, 02:01:10 AM
#13
This is a positive feature that responds quickly and accurately to market forces. What sense does being stuck with some other miners difficulty make after they have left the chain? The real abuse of difficulty comes when someone with large hash power jumps on a chain like LTC or BTC where the retarget is measured in many days. For the first number of days their immense hash power gets to abuse the low difficulty and mine an extraordinary amount of coins. When the difficulty FINALLY gets around to adjusting, they jump off, leaving everyone else to suffer the higher difficulty for a long period of time while they wait around for it to retarget, when the larger miner jumps back on and abuses it for another stretch of time.

With TRC large miners get only a short window of opportunity to abuse low difficulty, and small miners only have to suffer a brief period of time after large miners jump off the chain.

It's more fair, more responsive and more egalitarian. Free market in action.


Wow okay rabbit I guess you are really a die-hard fan that has to defend every bug of terracoin as a feature. It's a short windows yeah but it comes every hour so if you add them up suddenly it's not so short any more. I am sure large miners can afford to tweak their programs to only mine terracoin every other 30 blocks, while the smaller miners suffer.

Maybe someone can start a pool to take advantage of this, just to show how ridiculous it is to claim this as a feature.

Actually it's one of the things that really did attract me about TRC, no kidding. I'm a small miner myself and I was frustrated from the previous LTC rise when the difficulty went up significantly from some exceptionally large miners that came on board, but whom left as soon as the difficulty went up leaving us with a few days of frustratingly high Difficulty. I know I'm not alone in this, the BTC-E chat box had lots of small miners grumbling and watching litecoinpools retarget estimator, just waiting for it to go down again.

I'm not saying that you couldn't be right regarding having this exploited by a miner or pool that regularly jumped back and forth, although I think the effect is much more pronounced right now because the hash rate is relatively so low so relatively few large miners jumping on really makes big waves. When the rate is (hopefully) might higher and the number of miners much larger, I'm would hope that this effect won't be so pronounced.

That said, many of the big miners seem to be jumping on when the diff is low and profitability high. They in general seem to dump their coins pretty quickly, which adds more coins into circulation, which i also think is a good thing. It's more important to get coins into as many hands as possible at this stage of the game. Small miners are more likely to hoard (in my opinion) given the small number of coins we make. Large miners, even if only mining monetarily for the profit, are a helpful part of the economy. 
legendary
Activity: 1205
Merit: 1010
March 25, 2013, 11:03:19 PM
#12
This is a positive feature that responds quickly and accurately to market forces. What sense does being stuck with some other miners difficulty make after they have left the chain? The real abuse of difficulty comes when someone with large hash power jumps on a chain like LTC or BTC where the retarget is measured in many days. For the first number of days their immense hash power gets to abuse the low difficulty and mine an extraordinary amount of coins. When the difficulty FINALLY gets around to adjusting, they jump off, leaving everyone else to suffer the higher difficulty for a long period of time while they wait around for it to retarget, when the larger miner jumps back on and abuses it for another stretch of time.

With TRC large miners get only a short window of opportunity to abuse low difficulty, and small miners only have to suffer a brief period of time after large miners jump off the chain.

It's more fair, more responsive and more egalitarian. Free market in action.


Wow okay rabbit I guess you are really a die-hard fan that has to defend every bug of terracoin as a feature. It's a short windows yeah but it comes every hour so if you add them up suddenly it's not so short any more. I am sure large miners can afford to tweak their programs to only mine terracoin every other 30 blocks, while the smaller miners suffer.

Maybe someone can start a pool to take advantage of this, just to show how ridiculous it is to claim this as a feature.
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
March 25, 2013, 06:48:11 PM
#11
Why is terracoin difficulty jumping around 3x back and forth? Anyone else see a pattern here? Looks like some big miners are exploiting the fast difficulty adjustment. I guess so much for the supposed feature 'miner jump resonance free'

Yeah unfortunately it looks like a failure of Terracoin that is being exploited.

Terracoin or 'Terriblecoin'...  Cheesy

This is a positive feature that responds quickly and accurately to market forces. What sense does being stuck with some other miners difficulty make after they have left the chain? The real abuse of difficulty comes when someone with large hash power jumps on a chain like LTC or BTC where the retarget is measured in many days. For the first number of days their immense hash power gets to abuse the low difficulty and mine an extraordinary amount of coins. When the difficulty FINALLY gets around to adjusting, they jump off, leaving everyone else to suffer the higher difficulty for a long period of time while they wait around for it to retarget, when the larger miner jumps back on and abuses it for another stretch of time.

With TRC large miners get only a short window of opportunity to abuse low difficulty, and small miners only have to suffer a brief period of time after large miners jump off the chain.

It's more fair, more responsive and more egalitarian. Free market in action.
legendary
Activity: 1260
Merit: 1001
March 25, 2013, 06:38:15 PM
#10
Why is terracoin difficulty jumping around 3x back and forth? Anyone else see a pattern here? Looks like some big miners are exploiting the fast difficulty adjustment. I guess so much for the supposed feature 'miner jump resonance free'

Yeah unfortunately it looks like a failure of Terracoin that is being exploited.

Terracoin or 'Terriblecoin'...  Cheesy
full member
Activity: 148
Merit: 100
March 25, 2013, 04:39:26 PM
#9
Oh I forgot was it coinotron that implemented the auto mine most profitable altcoin or something? Is that the reason terracoin now behaves like this?

I read this coinotron feature was disabled a year ago.

New sites (dustcoin/...) pointing out the coins profitability probably helped increasing this behaviour, dunno
legendary
Activity: 1205
Merit: 1010
March 25, 2013, 04:36:50 PM
#8
Oh I forgot was it coinotron that implemented the auto mine most profitable altcoin or something? Is that the reason terracoin now behaves like this?
full member
Activity: 148
Merit: 100
March 25, 2013, 04:32:20 PM
#7
Why is terracoin difficulty jumping around 3x back and forth? Anyone else see a pattern here? Looks like some big miners are exploiting the fast difficulty adjustment. I guess so much for the supposed feature 'miner jump resonance free'

I'm affraid the total network hashrate is too low now, so this is still possible Sad

Once over 700 - 800 Ghashes/s this "game" will probably be more difficult (requiring bigger hashrate to be significant enough)..

It looks like people are jumping from one currency to another, according to each chain difficulty / profitability.

I really think this - on the long-term - is not profitable for anyone, not the miner himself, nor the involved blockchains ...
legendary
Activity: 1205
Merit: 1010
March 25, 2013, 04:11:11 PM
#6
Why is terracoin difficulty jumping around 3x back and forth? Anyone else see a pattern here? Looks like some big miners are exploiting the fast difficulty adjustment. I guess so much for the supposed feature 'miner jump resonance free'

Someone please make a chart to trace back when this all started

Code:
height difficulty
96000  5001
96030  8254
96060  2671
96090 10580
96120  3830
96150  9622
96180  3270
96210  8391
96240  3029
96270  9203
96300  2330
96330  8029
newbie
Activity: 40
Merit: 0
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
March 24, 2013, 02:07:45 PM
#4
Is there a site like www.allchains.info for TRC difficulty??

I generally follow Coinotron and Vircurex as they have little boxes that show the current difficulty. Perhaps we could ask allchains to add TRC however.
full member
Activity: 236
Merit: 100
March 24, 2013, 11:11:13 AM
#3

I know about dustcoin, but it doesn't show when the difficulty changes, date/time, or the next expected difficulty level. That's what I'm looking for.
legendary
Activity: 3878
Merit: 1193
full member
Activity: 236
Merit: 100
March 24, 2013, 11:00:07 AM
#1
Is there a site like www.allchains.info for TRC difficulty??
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