IMPORTANT NEWS
Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.
There has been feedback from users on 2 points that we wanted to address and respond to.
1. The N-Factor schedule, which some people feel is too aggressive and might unfairly squeeze out older GPUs in future as N-factor increases.
2. The difficulty adjustment algorithm, with 3.5 day difficulty retargeting, which users felt (myself included) could be vulnerable to leaving us stranded at high difficulty if a multipool merges the VTC mining patches into a mining client, then leaves the network after a period of high profitability, greatly decreasing hashrate and leaving Vertcoin stranded with long block times, leaving the core VTC miners to mine through a long unprofitable period to get back to 2.5 minute blocks.
We have been testing and validating, and we're now ready to make 2 major changes:
1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).
2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years.
We'd like you all to help us decide:
1. Exactly what N-factor schedule should be used
2. How long we should wait to fork to KGW difficulty adjustment.
Please participate in the two polls linked below:
KGW implementation date poll: https://bitcointalksearch.org/topic/vtc-vertcoin-how-long-until-we-fork-to-kimotos-gravity-well-431104
N-Factor scheduling poll: https://bitcointalksearch.org/topic/poll-vtc-vertcoin-n-factor-scheduling-431092
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