This Difficulty Retarget Problem
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[quote name=“Bushstar” post=“2135” timestamp=“1368186969”]
If we went for a 504 difficulty adjust we need to work out how much the difficulty will be adjusted. We do not want the overall effect to be drastically different, we want to end up with a more fine grained difficulty adjust. I have made a couple of rough tables below comparing the difficulty value when it goes up.Normal difficulty adjust
0…2016 Block count
4 …16 Difficulty going up 400%504 difficulty adjust
0…504…1008…1512…2016 Block Count
4…5.6…7.84…10.96…15.36 Difficulty going up by 140%
4…6…9…13.5…20.25 Difficulty going up by 150%
4…8…16…32…64 Difficulty going up by 200%
4…16…64…256…1024 Difficulty going up by 400%
[/quote]I like the 140% scheme.
I think it’s really necessary that we do this ASAP. There are two important goals:
1. Adjust the difficulty ASAP
2. Don’t allow the difficulty drop to something like 27 after the adjustment which may again unstabilize the market and set the stage for another big swing in difficulty.Your proposed scheme can help us reach both these goals.
I don’t believe we can just sit here and wait this one over, that would probably be more than a month’s wait. It happened with FRC, but things have changed. We have new alt-coins coming out everyday now, we either proceed or be abandoned. With such a low hashrate and long transaction time, even if we can escape a 51% attack, the coin will still be basically dead (unusable) in the coming month.
No merchant will accept a coin in such a shape.
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Lots of talk about the miners.
Miners need to make money, you will have no miners until then.You need to pump up the currency and all your issues go away.
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[quote name=“Radacoin” post=“2164” timestamp=“1368193648”]
[quote author=Armandoke link=topic=305.msg2163#msg2163 date=1368193258]
[quote author=Radacoin link=topic=305.msg2162#msg2162 date=1368193009]Next “obstacle”: Why mine FTC today when it’s [b]already foreseeable[/b] that it’s 7 times faster in 3 (4? 5?) weeks?
Actual difficulty: 188
Next estimated difficulty: 27
[/quote]Because if we don’t mine it you’ll never reach the retarget @ 2016 blocks
[/quote]I don’t believe in altruism.
[/quote]Investment is not altruism. Stop trying to be so edgy. Oh look at me I’m driving in the fast lane. Yeah and running down your engine.
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[quote name=“CptAwesome” post=“2175” timestamp=“1368195350”]
Lots of talk about the miners.
Miners need to make money, you will have no miners until then.You need to pump up the currency and all your issues go away.
[/quote]Miners need to start charging fees and providing service. Miners don’t need to make money. Only the paranoid need money. Miners need to start building businesses and communities.
All you wankers want someone else to do the work for you.
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Come on guys, no need for anyone to get too serious. As long as no one here is against Feathercoin all is good :) Besides Bushstar is working on a fix… it just takes a little time as it did with TRC back when it had this problem
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[quote name=“zerodrama” post=“2177” timestamp=“1368195730”]
[quote author=CptAwesome link=topic=305.msg2175#msg2175 date=1368195350]
Lots of talk about the miners.
Miners need to make money, you will have no miners until then.You need to pump up the currency and all your issues go away.
[/quote]Miners need to start charging fees and providing service. Miners don’t need to make money. Only the paranoid need money. Miners need to start building businesses and communities.
All you wankers want someone else to do the work for you.
[/quote]You have no currency without the miners. We do charge, we charge in coins, coins worth money, if they are worthless, we don’t.
Miner’s dont need to start building shit, we are the foundation of your business. Please try and build it without us. OH RIGHT! that’s the issue you have right now, you are up shit’s creek without us.
Stop being a troll.
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[quote name=“CptAwesome” post=“2180” timestamp=“1368195907”]
[quote author=zerodrama link=topic=305.msg2177#msg2177 date=1368195730]
[quote author=CptAwesome link=topic=305.msg2175#msg2175 date=1368195350]
Lots of talk about the miners.
Miners need to make money, you will have no miners until then.You need to pump up the currency and all your issues go away.
[/quote]Miners need to start charging fees and providing service. Miners don’t need to make money. Only the paranoid need money. Miners need to start building businesses and communities.
All you wankers want someone else to do the work for you.
[/quote]You have no currency without the miners. We do charge, we charge in coins, coins worth money, if they are worthless, we don’t.
Miner’s dont need to start building shit, we are the foundation of your business. Please try and build it without us. OH RIGHT! that’s the issue you have right now, you are up shit’s creek without us.
Stop being a troll.
[/quote]You are the foundation of SCAM. You are nothing. I am the last person you want to challenge in a business development race. :)
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(sigh) Starting to sound like the bitcointalk forums lol
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[quote name=“archminer” post=“2174” timestamp=“1368195092”]
I like the 140% scheme.
[/quote]I also prefer the 140%.
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[quote name=“Nutnut” post=“2169” timestamp=“1368194315”]
It’s my belief that if you keep the port forwarded and your wallet open, you are then another node that can process confirmations on the network.Armondoke - You seem to be bearing a grudge against miners and clearly want to start an argument with me because i mine. You haven’t contributed anything constructive to this thread you are simply dragging it down to petty sqaubbles. As for my example of a job - all crypto currency profitability charts are based on an exchange rate with the master (BTC) currency and i can quite clearly see which one is making me more money now. It may be volatile but if i wanted, i could exchange it all for BTC and in turn GBP which IS stable(ish).
I’m trying to [b]help[/b] the community and [b]HINDER[/b] miners from causing difficulty bounce but it’s people like you that make me think why bother. This will be my last response to any of your posts unless it’s constructive.
UKMark - i admire your loyalty. As for repaying my costs - i currently make around £70/day after leccy costs etc, the kit is a month old and ALL difficulties are rising. I’m still about £6000 short so it’s important to make hay while the sun shines.
I’m not going to sit and defend myself anymore. If you want to turn me into a hater then so be it. If not then lets come up with a solution to make ftc not only an ASIC resistant coin but also a coin hopping resistant coin. Once thats achieved we WILL have a successful coin.
[/quote]
Consider this a virtual handshake then :)
I must admit I did want to go all hell and leather and stock up with several Mobo’s and masses of GPU’s but the initial outlay on such a venture takes balls, not saying I ain’t got any, but £6k would probably get me a swift letter of HER solicitor and probably a kick in the balls too :D
I suppose if I was £6k knee deep then It would change my view slightly though! 8) -
[quote name=“archminer” post=“2174” timestamp=“1368195092”]
2. Don’t allow the difficulty drop to something like 27 after the adjustment which may again unstabilize the market and set the stage for another big swing in difficulty.
[/quote]
Agreed - i just ran a check, at 27 (using the current exchange rate) and the profitability will be around 350%. I’ll mine around 2200 coins per day… Others will pick up on it too, market floods and it all goes to brown stuff.
I feel we need to reset difficulty to ~90 which will put it at around 100% compared to BTC. then implement the 140% or 150% scheme then cross your fingers. There will be a backlash no doubt but in the longer term, we should stabilise.
Also, i never did get any answers to this…
[quote author=Nutnut link=topic=305.msg2141#msg2141 date=1368188943]
Can we have a variable re-target block based on hash rate? plucking a figure from the air say 126 blocks per GH/s working on a 150% diff change? or am i talking drivel?
[/quote]Is it possible?
[quote author=zerodrama link=topic=305.msg2181#msg2181 date=1368196068]
You are the foundation of SCAM. You are nothing. I am the last person you want to challenge in a business development race. :)
[/quote]PMSL - wrong site… The trollbox is at btc-e.com. ;D
[size=8pt]Edit: Quoted the wrong poster - Sorry CptAwesome. :-[[/size]
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[quote name=“zerodrama” post=“2181” timestamp=“1368196068”]
[quote author=CptAwesome link=topic=305.msg2180#msg2180 date=1368195907]
[quote author=zerodrama link=topic=305.msg2177#msg2177 date=1368195730]
[quote author=CptAwesome link=topic=305.msg2175#msg2175 date=1368195350]
Lots of talk about the miners.
Miners need to make money, you will have no miners until then.You need to pump up the currency and all your issues go away.
[/quote]Miners need to start charging fees and providing service. Miners don’t need to make money. Only the paranoid need money. Miners need to start building businesses and communities.
All you wankers want someone else to do the work for you.
[/quote]You have no currency without the miners. We do charge, we charge in coins, coins worth money, if they are worthless, we don’t.
Miner’s dont need to start building shit, we are the foundation of your business. Please try and build it without us. OH RIGHT! that’s the issue you have right now, you are up shit’s creek without us.
Stop being a troll.
[/quote]You are the foundation of SCAM. You are nothing. I am the last person you want to challenge in a business development race. :)
[/quote]I will give you a slow golf clap for your trolling. Please, feel free to continue.
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@Bushstar I think we should use a rubberband retarget. Don’t change the retarget unless difficulty rises too fast or drops too fast. Use the average difficulty jump in the past as a reference point. NOT HASHRATE.
Do not base it on hashrate. You will end up in a feedback loop and with these miners acting like banksters, YOU DO NOT NOT want that.
Keep the 2016. When LTC jumps in the next couple days, they’re not going to go to CNC or BQC. They will come here. Also from the level of trolling:
We are at Ghandi stage 3. They are attacking.We don’t need miners. Miners need us. The fact that they would even play the lifeline argument shows how damn desperate these wankers are.
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[quote name=“zerodrama” post=“2190” timestamp=“1368197172”]
@Bushstar I think we should use a rubberband retarget. Don’t change the retarget unless difficulty rises too fast or drops too fast. Use the average difficulty jump in the past as a reference point. NOT HASHRATE.Do not base it on hashrate. You will end up in a feedback loop and with these miners acting like banksters, YOU DO NOT NOT want that.
Keep the 2016. When LTC jumps in the next couple days, they’re not going to go to CNC or BQC. They will come here. Also from the level of trolling:
We are at Ghandi stage 3. They are attacking.[b]We don’t need miners. Miners need us.[/b] The fact that they would even play the lifeline argument shows how damn desperate these wankers are.
[/quote]You are not only delusional, but very very wrong. Good Luck without this Miner. You’re the Frickin Wanker BTW
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[quote name=“zerodrama” post=“2190” timestamp=“1368197172”]
We don’t need miners. Miners need us.
[/quote]What to you bring to the table that we need so bad?
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[quote name=“CptAwesome” post=“2189” timestamp=“1368196745”]
I will give you a slow golf clap for your trolling. Please, feel free to continue.
[/quote]You already jumped the shark. You played your most powerful card already. I was the first to sell goods in LTC back when it was tiny.
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[quote name=“zerodrama” post=“2190” timestamp=“1368197172”]
We don’t need miners. Miners need us. The fact that they would even play the lifeline argument shows how damn desperate these wankers are.
[/quote]Seriously? I remember Margaret Thatcher saying a similar thing. ;D
This is getting out of hand now, please try and see both sides of the argument. I am happily mining away for 28 or so FTC a day but my gear is long since paid for and probably worth not far what I paid for it to begin with.
One day they may be worth $$$$££££’s but either way we ALL need to work together! -
[quote name=“modcom” post=“2191” timestamp=“1368197310”]
[quote author=zerodrama link=topic=305.msg2190#msg2190 date=1368197172]
@Bushstar I think we should use a rubberband retarget. Don’t change the retarget unless difficulty rises too fast or drops too fast. Use the average difficulty jump in the past as a reference point. NOT HASHRATE.Do not base it on hashrate. You will end up in a feedback loop and with these miners acting like banksters, YOU DO NOT NOT want that.
Keep the 2016. When LTC jumps in the next couple days, they’re not going to go to CNC or BQC. They will come here. Also from the level of trolling:
We are at Ghandi stage 3. They are attacking.[b]We don’t need miners. Miners need us.[/b] The fact that they would even play the lifeline argument shows how damn desperate these wankers are.
[/quote]You are not only delusional, but very very wrong. Good Luck without this Miner. You’re the Frickin Wanker BTW
[/quote]I think we’ll have plenty of good luck without the passive aggressive element. Cheers.
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[quote name=“zerodrama” post=“2193” timestamp=“1368197411”]
[quote author=CptAwesome link=topic=305.msg2189#msg2189 date=1368196745]
I will give you a slow golf clap for your trolling. Please, feel free to continue.
[/quote]You already jumped the shark. You played your most powerful card already. I was the first to sell goods in LTC back when it was tiny.
[/quote]What does this mean? You need to make your trolling elicit an emotional response, not confusion.
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[quote name=“UKMark” post=“2194” timestamp=“1368197490”]
[quote author=zerodrama link=topic=305.msg2190#msg2190 date=1368197172]We don’t need miners. Miners need us. The fact that they would even play the lifeline argument shows how damn desperate these wankers are.
[/quote]Seriously? I remember Margaret Thatcher saying a similar thing. ;D
This is getting out of hand now, please try and see both sides of the argument. I am happily mining away for 28 or so FTC a day but my gear is long since paid for and probably worth not far what I paid for it to begin with.
One day they may be worth $$$$££££’s but either way we ALL need to work together!
[/quote]You’ve got it backwards. Look at the way the miners talk. Miners are the banksters, the community members are the workers. If you want to provide a ledger to the masses, go mine BTC. If you want to decouple the people from the madness of Wall Street and Maggie Thatcher, then stick around.
