Bitcoin Forum

Update:

There was a mistake in the version that was released this morning. The Github repository and binary distributions have been updated to correct this flaw, however any version of Freicoin which was downloaded between the original announcement and now may be non-standard. We recommend upgrading your daemons immediately upon receipt of this message.

192 blocks to go till forking, don't get left behind.  Requesting that a moderator sticky this thread until the fork is complete.

Also note that due to some extensive research and simulation run by our developers maaku and galambo we thing FRC will after this new algorithm goes into place have the highest degree of 'fitness' (the match between difficulty and actual network hash rate) of any coin EVER.  All the parameters (adjustment ever 9 blocks, gain or 0.1025 and limiter of 1.055) have been carefully selected to be the absolute optimum to both respond to rapid changes in hash rate and to dampen the random fluctuations inherent in the PoW process.  Both FRC, BTC and several other alt-coin historical data were used for simulated comparisons and similar parameters were found to be ideal in all of them, should our algorithm prove itself in this final real world test then we would recommend it be used universally.

anyone else stock at block 28284?

Current blocks are taking nearly an hour, 28284 is just the latest such block but the network is trudging along.  When the new algorithms comes into effect it should only take about a day or two for difficulty to drop to about a quarter of what it is now and for profitability to be back at parity with BTC.

Yep, I've PMed the moderator asking for a sticky.  Also we did compare to TRC and think it fluctuates too wildly, it still kind of has the coin-hopping issue its just so fast a cycle that it gets hoped on and hopped off every hour, you can't really mine it without watching profitability constantly.

So do we need to move out Freicoins to another wallet, or just backup -> update-> restore

Yea just backup your wallet, nothing here is changing or invalidating old addresses on the chain and no one needs to move coins in the chain.

Right then, better safe than sorry

Will admit, the green is a bit ugly :P But I'll live with it

Oh look, a premined coin failing? Good.

Failing? It's actually making a huge improvement that will move it forward @_@

Also

• Let's not toss around the term premine, it's basically become synonymous to "I wasn't a early adopter, so I'm mad" Not aiming this at you in any way, but come on, your kind of tossing around claims atm
• I wouldn't all the Freicoin Foundation a "premine", take a look at the reasons for it's creation
• At least this coin is trying something new :P

Regardless, for each his own. I personally like the idea behind this coin.

Now if the blocks could update any more slowly :P

Throw more hash on the fire...

Got all I can on it.

Join the Pool Party @ Joe's  http://pool.cr.rs/

Liar.

Simple as that you lie.

Not only does the mod need to sticky but we need some sort of NEW system on this part of the forum it is a TOTAL nightmare if you are looking for important notices for your flavour of coin within the bunches of new coin announcements and fraud, premine etc calls... simply a TOTAL mess that needs to be rectified.

At least have a section for coin devs so that they can post important information perma stickied and they can change it when major announcements need to be made.

Please be sure to notify any exchanges that carry FRC. BTC-E didn't keep up with Terracoin when they had their mandatory update, so for about a day they were on a forked chain causing all of the transactions people were doing for BTC/USD to be invalid with no recourse.

I'm eager to see how it all turns out in actual deployment. :)

Think they have sent out details to all the major exchanges we know off. I think we will have to keep bumping this thread as well until there is some sort of sticky.

do you have to download the new version? Can I just load my wallet and have it update itself ?

nice work on the support

Download

Latest version 0.0.2-2, released 11 May 2013

http://freico.in/download/


Back up your wallet first.

A great thank you to the developers from me, too.  :)

And to the people waiting for the hard-fork to take place, please, contribute with your hardware so that we can get there faster. We've only seen 5 blocks in the last 24 hours, which means the hard-fork is more than a month away at the current pace. Remember, every contribution counts!

Might take a while to get there @_@ So many blocks to mine, not enough hash power to do it XD

183 BLOCKS TO GO!

Someone should now post a widget below in the thread so we can all watch it count down slowly.

stickying temporarily so that need to see the update can more readily.

Thx Salty

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

glad to see you again, too.

How will this increase the supply?

It doesn't. Freicoin difficulty will now quickly match any increase or decrease in hashrate.  People cannot mine in a way that will make blocks pop out faster or slower than 600 seconds.

It has no effect what so ever, it'll just keep the blocks churning at the original defined rate. He's just having his fun :P

How much longer before the fork is done?  Is it safe to send coins during this?

185 more blocks... 10 blocks a day  2 or 3 weeks.

Yes you can get the new client and send coins now and into the future without issue. You can use the old one up to the fork to send coins. I already updated so I won't forget.

Thanks Salty!

Dufus...

They had the filter at the beginning but it wasn't ready yet. They have known well before you even heard about the FRC.

Stick to ragging out BFL especially if you don't know the devs of FRC... they are on it and have been on it since the coin launched.

The only fail here is your failure to READ anything about the developers plans.

Hey noob,

I've been pretty spot on with my calls about alt-chains.

Yes I'm the one who failed is why there is a need for a HARD-FORK on FRC right? LOL

Obviously the devs didnt have their shit together otherwise they would not be in this predicament.

FRC = Federal Reserve Coin

Centralized money supply. Good job investing in that. LOL I prefer dollars over FRC.

 :P Fail more please...it is entertaining.

 :-*

When more ASICs (that mine SHA2560) are released, FRC will be destroyed by MEGA MINING of FRC.

Hang on to your precious FRC and be taxed on it with demurrage.  :P

What is not spot on is what you know about this coin and the devs.

1. THEY KNEW IT AND HAD PLANNED ON PUTTING THE FILTER IN.
2. THEY HAVE WORKED HARD ON IT THIS PAST FEW MONTHS AND WERE WAITING FOR THIS DROP TO FORK.

If you want to call me a noob that is fine but you lack the basic ability to read what the devs have posted and that makes you woefully ignorant.

If you spend half the time reading about what they planned to do as you did on BFL threads I wouldn't have a problem.

Your "views" are nothing more than well after the fact reviews of what the devs knew day one when they planned to implement the coin there has ALWAYS been a plan to fork in this filter get it? Go read the github and the forums. You know shit about this coin and it comes out loud and clear in your post. Seriously man you seem to think you have the market corned on knowledge of altcoins you might want to actually talk NASA geek who does the dev work on the coin. He might be able to enlighten you about it. Other than that not much more to say than you are a Doofus.

Your misrepresentation of the coin itself speaks volumes about your ignorance and again an inability to read and understand the nature of what will potentially happen once there is even a foundation set up. Sad really the ignorance you have. All it takes is a few minutes to read but you lack that skill. Sad indeed.

Demurrage? Goes to whom? And what is the purpose of the Demurrage? Not a tax... you failed to read the basic definition of Demurrage. I wonder how you know so little yet seem to think you understand so much about Freicoin. You don't even understand the basics what demurrage is at all. Why? You have not read about them. There are many benefits of Demurrage that help secure the coin itself so I think you might need to, yet again, take a longer look at the documents surrounding this coin. The fact you try and fail to characterize the Demurrage as a tax makes me wonder if you know what Demurrage actually means? Sad. Really sad if you don't understand a basic definition and what amounts to a key feature in the coin... wow. Woefully ignorant or Josh like arrogance... wonder which it is?

"worked hard on it this past few months...."

lol to adjust for difficulty? Wow that must have been some serious programming that took months lol.

Just your sentence alone above shows how stupid you are lol

Bicknellski: "I have tons of FRC and they are rotting away as we speak. YAY!!!"

You lost the plot when you spouted off as knowing something....

Have you coded a difficulty filter for an ALTCOIN that works? Didn't think so but yet you are an expert.
You don't understand Demurrage.
You don't even know there is no FOUNDATION set up yet.

Seriously you are either woefully ignorant or arrogant or a mix of both.

I CAN BOLD TEXT TOOO I AM HERO

DOOFUS!

What I am saying is your woefully ignorant because you fail to READ the available information and educate yourself. Not just an ad hominem attack as you and Josh so love to do.

Take it up a level DOOFUS.... so we can argue the actual points.

1. You don't know what Demurrage is.
2. You didn't know the DEVs planned on this filter day one but didn't think it was ready yet.
3. You didn't know that this filter took time to prepare and get right and tested first.
4. You continue to fail to read anything about the coin to educate yourself.

That is either ignorance or arrogance. Take your pick.

Bicknellski, just look for the bright yellow box on the left under his name and click it. ;)

He can go on about BFL all he likes I agree with him on that ...

But here he is just being ignorant. He has not done any reading on the subject. He fails to understand the most basic concept the Demurrage. A tax? Really? Fuck me you are not well versed on what Demurrage means. Go read about it first then we can start on the same level of knowledge using the same FACTS or DEFINITIONS used by economists. Till then why do you bother posting here? It is obvious you have no idea what this coins potential or faults are if you don't even get the most basic component. Please feel free not to discuss the actually facts about the coin. We know why you don't know much about it.

Let me help you...

The demurrage goes to the miners.

@smoothie, stop trolling.

@Bik, don't feed the trolls :)

Can someone in simple terms explain to me what's going on?

A new difficulty adjustment algorithm is going live soon to better self-adjust for things like lots of ASICs mining when profitability is high, then jumping ship when profitability is low. Terracoin had a similar problem recently.

Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money.

LOL hold tight to them FRCs lol

Which in turn is inflationary.

No.  :P

Let's just hope smoothie doesn't realize this is his last chance ever to make Bics FRC stash rot noticeably faster (spoiler: by pointing his mining-rig at Freicoin before the update block... ):-X

I don't see that coming - if the algorithm is good, it will just increase difficulty accordingly getting block creation rate back to original rate within a short time.

Can't we just get along :P We all have our own opinions. Personally, I like the ideas behind the coin, and I'll give it my own support


Sure hope it works, and well. Might be a nice solution to these terrible coin launches and the incoming ASICpocalypse

And it would be a good extra point in making Freicoin unique, apart from story and philosophy behind it that other coins lag :-)

What is the point of upgrading your hardware if it makes the same amount of coin as before in a short time?

The incentive to protect the network via block reward is lost if you get the same result for more hardware.

This ungrade (downgrade would be generous) makes no sense.

Feathercoin has a hash attack, anti-wham bam thank you ma'am option in the works. And it's not trying to get rid of investment advantage like all the other coins seem to do.

Perfection is a disease.

I agree with you, I just found your last post oddly confusing XD

Why would the Bitcoin devs expect to see a rapid drop in hashing power like has hit a few alt coins? BTC certainly hasn't peaked, nor is it showing the slightest signs of doing so.

Hi zerodrama,

but that's just the way it is... even for bitcoin: The amount of generated coins remains constant, and with global hashing power rising you need to invest to keep your share of generated coins constant.
With sha-256 this will soon force out less efficient hardware (for example GPUs regarding power consumption, then FPGAs until it may only be profitable with ASICs).
This will then put the formerly sha-256 mining GPUs onto scrypt chains like litecoin, and there it will become interesting... will litecoin value increase vs. bitcoin to compensate and stay profitable despite higher hashing power, or ...?

Think of it this way: Every normal factory will be forced once in a while to upgrade their factory machines - depending on market this may be once every few months or once every few decades.

how is this stickied?

...because it's an important announcement?
Just because you don't like the coin doesn't mean development stops.

The fork has been moved forward to block #28336! Please read the OP.

https://i.imgur.com/X6qE9uY.png

Here's an example of how the filter works. This was produced in the process of testing the filter.

Have you ever seen a cryptocoin which achieves an appropriate difficulty in one day, starting from diff of 1?

That's what Freicoin does now.

The change in the OP is slightly confusing, if I updated my local client to 0.0.2-2 a couple of days ago, do I need to update again?

The download link points to a copy of 0.0.2-2, so it looks like nothing has changed except when an upgrade to 0.0.2-2 is mandatory.

Bitcoin Megastore, I'm getting around 10 days but there is no telling how that would play out without really testing it.

It is confusing and for that I apologize. We took the exact same source code and changed the cutoff block to earlier (block #28336). The new binaries replaced the old binaries at the same URL. So download the binary again, and install it again overwriting the old files.

Lol, that's bound to cause some confusion :P

Hopefully it all turns out for the best

Every 9 blocks it can adjust as much as +/- 1.055x. That's approximately a doubling (or halving) every 117 blocks, or a factor of +/- 10x every 387 blocks. So 1 to 1e6 or vice versa would take about 2322 blocks, plus another day/144 blocks or so for it to stabilize (the filter is slightly under-damped, so it overshoots and then corrects; you can see that in the real results above). How that works out in real time is a different story, because obviously 1 block != 10min for most of the adjustment period. From 1 to 1e9 about 10 days sounds about right and I trust galambo to have calculated that correctly. In the other direction it'll take quite a bit longer, as at first ~19 years (!) will pass between blocks. Hard-fork is your only real option in that case.

I stumbled over the version number problem already with your last software change.
Why did you again not change the version number ?

Now, after installation/restart nobody can tell for sure if really the "newest" version
is running with the even earlier hard fork block ?
What if that happens with some of the bigger FRC pools ?

You test the new difficulty algorithm for days but don't take your time (about 1 minute?)
to change the version number....

Really, I want this coin to succeed, but I can't follow your reasoning here.

Thanks for your time & consideration.

Version numbering is especially important whenever a change causes a hard fork. With two versions of 2-2 out, there exists a distinct possibility of an unexpected fork because of clients disagreeing about when the new difficulty calculations take effect. This new version should really be called 2-3 to avoid that confusion.

Thanks for explaining this in detail.

I came in here to see how close the fork was and read this...


Seriously?

You would be in some deep **** if you did that to financial software in any regulated market.

The support staff on your own team would kill you, if it was  a heavily used/supported tool in any market.

I realize that in this particular situation it's probably not going to cause much harm.. Still, after years of QA and configuration management, that gives me a headache.

You should really version at this point, while you still have a tiny bit of time left before the fork. How much easier is it to say "make sure you are on v3" (for example) than to go through "Which version of v2 do you have? ...You don't know? .... Well download it again and see if you still have the problem..."

I mean, this is the exact reason that the ENTIRE GLOBAL SOFTWARE DEVELOPMENT INDUSTRY agrees and uses version numbers on everything.

When you publish a mandatory upgrade to v 0.0.2-2 how many people are going to check their software, and be relieved that they "already have" the right version?

You've already floated two versions with the same ID and differing functionality.  In order to stop that from becoming a major problem for your product, I suggest you float a new version so that there is one version BEFORE the upgrade, and one version AFTER the upgrade.

No one should have to type this out for you at all.  :o

I tend to sticky threads such as these when people need to know about a mandatory update by a certain time. It will be unstickied after block 28476. By the way, what block is FRC on now?

#28303. And the hard-fork is now scheduled for #28336.

How much longer before this is over?

Monday at the current hash rate.

remove

remove

This the Freicoin thread....

Freicoin has its hard fork at 28336.

FFS sorry for that lol got 30 tabs open thought me in FTC lol

It happens, although FRC really needs some people to mine until the difficulty adjusts. Network hash rate is down to ~100 GH/s. I should not be over 1% of the network hash rate with my 1.5 GH/s.

It seems the block rate has sped up. 6 latest blocks were found in roughly 8 hours. At this rate the fork will happen at some time during the weekend.

22 blocks remaining  ;D

Sticky Removed? Oh well, lets hope for the best!

No reason for it to have been unsticked when the fork hasn't been reached yet and their are likely to be some folks who inevitably don't hear about the fork until after it happens.  I will request a re-sticky.

Hi there. I'm tempted to try setting up a pool for FRC this weekend to celebrate the hard fork and new difficulty algorithm. ;) I'm still busy getting my TRC pool up and running though.

As far as I can tell, the only thing different I'd need to worry about on the pool side of things is to take the value and address from budget in getblocktemplate and add that as a payment output to the coinbase in the generation area? It doesn't appear the coinbasevalue includes those coins, so I don't even need to worry about that. Just add the addr->value and otherwise treat it like a normal bitcoind server?

Thanks!

20 blocks to go.

looks like the monday ETA might be a bit off :\

My client gets stuck and says no block found for 8 hours what should I do to fix this?

Start hashin'

Seriously, blocks are coming in that far apart. That's why we're changing the difficulty adjustment algorithm. Current block is #28316.

STALLED....

Urgg wish I had more hash to throw at this beatch!

We still need a STICKY here... 20 BLOCKS yet to go... more people need to see this before the deadline... please RESTICKY!

Stuck at 28316 still? This coin is dead, I just asked netcraft. Any freaking time!

18 blocks remaining

I've lost my trust in FreiCoin.
This coin is dead for me.

Okay, but that's probably a mistake.

Freicoin is a great coin, they are just going through a necessary evolution right now.

It was good to have you with us, have fun now.

what are we roughly expecting the difficulty to go to once the fork occurs?

From 148451 to 37112, then further downwards if the hash rate stays low.

so basically expect the network to still be stalled out, since that will only be 85-90% profitability of bitcoin. Why didn't you use a trc-like difficulty adjustment. Anyone who says its too prone to pool hopping has never tried it, lol.

TRC's difficulty scheme is crazy XD

Well, can't be much worse than it is now, eventually the new algo will take hold and it will "return to normal"
Very interested to see how it plays out

15 blocks remaining

2-3block/day going :)

it's okay, the switch is inevitable and after that frc will be, imo, higher profitability to mine over anything else.  :)

I broke the stall and I found the 28316th block... man that sucked... still wish I had more to throw at this chain.

So close.

Glad for the hard work of Makku and all those putting up pools, working on exchanges and whatnot... this coin will rise again soon enough and will remain stable which I am really looking forward to.

Aside from Worldcoin :P It's kind of dominating atm.
But this should help the coin out a LOT

come on FRC ... i miss u ! :D how long more do we have till we break trough ?

14 blocks remaining

13 blocks remaining

Just a reminder -- coinotron will be switching Freicoin over to 100% stratum protocol in 2 blocks @ 28325.

If you are mining on Coinotron getwork pool make sure to follow these instructions:

it will come, slowly maybe a week or 6 days

Less than that. 5 blocks were mined today with only 13 left. Big fish are trying to catch the little fish sleeping. I think tomorrow but it will be close.

12 to go...

I cannot wait for this to switch back again.

+1

Naah - it's "-1"  - one less block to go :-)

10 blocks left :)

So close now.

u guys really think FRC will be more profitable after these 10 blocks?

Yes, for the short term... Up 4X  ;D

For the longterm 90%-105% of BTC

By any means, it will be more profitable than it is now, and better able to respond to fluctuations in network traffic.

i hope it will get back to 150-160% as usual  ;D

There is a prize up for the person who finds block number 28336 (ONLY 9 blocks away!). The winner will receive a "neXgen Media Box - Android TV w/ Linux XBMC", all paid for, worth 7500 FRC.
Original post here: http://www.freicoin.org/find-block-28336-win-a-nexgen-media-box-android-tv-w-lin-t407.html (http://www.freicoin.org/find-block-28336-win-a-nexgen-media-box-android-tv-w-lin-t407.html)

Can any GPU farms or ASICs jump on our network for today to help this final push to reach our block goal? There's a prize up for grabs and a good chunk of FRC. :)

i think i will tonight :D

props to you if you do :D

8 blocks left :)

anyone seeing less GH/s not more in the last 12hrs or so....   ???

P2Pool global rate has dropped almost 50%

After the upgrade coinotron is @ only 4 GH/s

I think we might deep into the sub 10K on difficulty adjustment unless we get some heavy hitter action  ;D

I wouldn't be surprised in Coinotrons change has resulted in a bit of a drop in it's hash rate.  But it's very hard to tell if overall network rates are down or up significantly other then looking at the rate that blocks tick down at and at the present rate it looks like late Wednesday or early Thursday (~40 hours from now) will be the date of the fork unless we see a race to that block which we very well might.

7 left :P

6 blocks left.

http://frc.cryptocoinexplorer.com/chain/Freicoin

AND COUNTING...... 6....... 5...... 4....... 3..... 2..... 1....... FORK!

Guess it's time for this link... ::)

http://www.youtube.com/watch?v=bDRx6YFCQT8

Yeah, that was me with my 6,x GH FPGAs - since that makes about 25% of Hashing power I was advised to solo-mine in order to reduce risk during fork should there be nodes not updated properly.

is it done ?

No but just 6 blocks to go (well 5 really cause blocks 31-35 will be slow and 36 will have the new difficulty and thus be profitable).  So just a day to go at this rate.

cool, what pools u guys use? coinotron ?

Yes Coinotron is the largest pool (generally) but most of us devs and close followers of FRC make use of 'Joe's' pool, http://www.freicoin.org/topic-t248.html as it's a dedicated FRC pool from a trusted guy who has done other development for peripheral FRC stuff (explorers etc) and generally been a big help.  He is also offering a prize for finding the fork block.

4 blocks left

http://www.freicoin.org/mining-pools-list-for-frc-t251.html

Oooooooh sooooooo close!

Huh... we were unstickied before the fork happened... can we get stickied again?

Someone didn't like us stickied, yet FTC is stickied?

I guess we are just not worthy of the being sticky. ;D

It just means more for us to mine when the dif adjust hits. Carry on people.

Humm, maybe I'll switch to it...  Adding 3.54GH/s

But the thing is that as long as profitability doesn't get above BTC, people will not jump in.  4x the rate of finding blocks still make it for a slow blockchain.  I'm not sure I understand this new algo completely, but from what I understand, retarget every 9 blocks, using a filter over the last 144 blocks.  So, if hashing stay low, with the difficulty change limit of +/- 1.055x every 9 blocks, we may still halve difficulty every 117 blocks (and double profitability), right?

Think about it this way. Current net hash is around 50ghash average and after new filter is in place the dif drops immediately 1/4 making the optimal net hash 250ghash as opposed to somewhere over 1thash. This would bring block times down to about 50 minute blocks on average if we sit at 1/5 recommended network hashrate (50 now to the new 250 optimal) and that will drop 5%ish every 9 blocks until the dif meets net hash to get 10 minute blocks cranking out.

And when the dif drops to 1/4 of what it is now, the profit calculator on dustcoin will show near 85% profitability due to new lower mining dif. As the dif further lowers to adjust to net hash the profitability will continue to rise along with more miners coming back to the network and hopefully the price for FRC increases as it becomes traded more again.

..unless something like with BitBar happens that I'm looking at closely since a few days, as it is comparable to Freicoin insofar, as that it seems to have the most advanced (imho) diff adjust filter at the moment (we need to see how freicoin's will perform).
There was a huge hype when it entered exchanges, then it was dropped and difficulty was slowly adjusting.
Ever since diff adjust cause profitability to enter the 100-110% range, exchange rates seem to slowly but steadily drop (at least until today, might be a reversal coming up imho), "magically" keeping profitability in that range, almost as if some solo miner (one can see that the percentage of blocks via the largest bitbar pool was also sloly going down from >80% to just slightly above 70% during that time) with a few bitbars/bitcoins to spare (for price manipulation) just wanted to quietly hash along without other miners that decide purely upon profitability what to mine to notice.
(Just my 5ct, not an investment recommendation, and YES, I'm mining BitBars with my GPUs whereas my FPGAs go to Freicoin)

So I think it's good to have an eye open to what happens in the BitBar area as it may well teach us things for Freicoin (and vice versa)

Ok, thanks, that's how I understood it  :)

I updated my Freicoin client too.  It updated the chain and it's staying "out of sync" but from what I read, it may just be because the last block date from too long...  ::)

Yes, since blocks are coming so slow atm it is acting that way. It is "up-to-date" though, don't worry.

I think Mollycat jinx the chain in FRC... no more blocks found since:


http://frc.cryptocoinexplorer.com/chain/Freicoin (http://frc.cryptocoinexplorer.com/chain/Freicoin)

No fear Bick, 32 and 33 just came in at just a little over an hour apart.  Now just 3 blocks to go.

Woot! Go Freicoin go!

Current Block   28,333


Imp! I fear... I fear.... I fear we are almost CLEAR!

I am predicting... I will find Block 28,336.

Actually, there's just 2 more to go.  Block 36 will be under the new scheme, with lowered difficulty needed to find it  :)

Run FRC, run!

Thanks for the answer to the question I was just about to ask :-)

BTW, there's a transaction with a fee of 200FRC for whoever mines the block where it'll be included :-)

Nice add on Mike....

Thanks eHoff 28,335 is the one I'll find... Hope I didn't jinx myself LOL! I bet I find 28,336 for sure!

I started solo mining, let's hope I find 28336.  There's a bounty too as mentioned in a prior post  :)

Just 1 more to go...  :)

WOOOO!

28,335

and

28,336

EQUAL Extra Payouts!

Just a quick question, 28336 have 7500FRC bounty payout (http://www.freicoin.org/find-block-28336-win-a-nexgen-media-box-android-tv-w-lin-t407.html), but what is there about 28335?

There is also a mention of 200FRC transaction fee donated to block 28336 (or is it 28335?)

Eric

That was me, it was grabbed at block #28334, see:
http://frc.cryptocoinexplorer.com/block/0000000000001518232cc29c82d616a0aea5cfad6bc7774103ac6012f6b3fa3b
Already did a 100 fee a few blocks earlier that was grabbed by coinotron at block #28332

I originally planned to increase fees up to 28336, would love to do a 1000 fee transaction right now, but I'm not at home where I have my wallet :-(

Are we there yet?

LOL!  It's so painfully slow...  I keep checking the FRC explorer every 10 minutes, asking the same question, as a kid on a long way trip  ;D

1000 in transaction fees on the loose! Start hashing now!

now you have my attention :)

looks like someone else got it... congrats!

OK, so what happens now...  i didn't see the diff drop. can someone lay out what will happen to the diff in the comming days in laymens terms? 

The difficulty is reading 37.3K in cgminer.

interesting, my wallet api is reading:  148449.14813958


10:10:24

getdifficulty


10:10:24

148449.14813958


I downloaded and installed the most recent version just a couple of days ago.....

That's it!  :)

Let me check...

Nah...  It ain't me :)  It's contributor mavric at coin-o-tron actually, too bad the pool is keeping the transaction fees.

I'm going for block 28336!

My freicoin client API is also reading 148K difficulty.

Edit:  That's clearly a bug in the API.

Difficulty report 148K.  Packed difficulty from Getwork report convert to 37.3K.  The "target" from getwork is also correct.  Just the "Difficulty" as floating point representation is wrong.  TODO... Devs!  :)

Coinotron's  FRC client shows:

freicoind getdifficulty
148449.14813958

Block 28335 was solved by Coinotron. 1000 FRC goes to user mavric ! As soon as block 28335 reaches 120 confirmations ;)

dustcoin also still showing 148k diff... 

I edited my post, but since a few more added in the meantime, here's my findings

That's clearly a bug in the API.

Difficulty report 148K.  Packed difficulty from Getwork report convert to 37.3K.  The "target" from getwork is also correct.  Just the "Difficulty" as floating point representation is wrong.  TODO... Devs!  :)

nicely done.. thank you.. i confirmed that my cgminer is also reporting 37k:

Connected to 192.168.1.102 diff 37.3K without

Nice!  Thanks :)

It's not a bug per se, that is what the API "getdifficulty" does. It provides the difficulty of the most recent block. That is not the same as the difficulty of the block currently being worked on. For anyone that relies on "current" difficulty you need to compute it off the the target yourself. It's really obvious in coins like TRC where the difficulty changes every block, esp if you use a payment system that relies on block difficulty/reward (like DGM).

Places like coinchoose/dustcoin should be calculating difficulty for their charts from the target or packed bits, not from 'getdifficulty'.

That explains is very nicely... Thank you.

bfgminer reporting 37k here too

Watch the hashrate rise now... woot!

THANKS COINOTRON for supporting FRC!

Can you add the profitability for FRC to Cointron now?

There's still the prize of the TV Linux neXgen boy for the finder of block 28336, valued at ~7500FRC

ME ME ME ME!

That'd be unlikely but nice :P

It's normal - it shows diff of last block found not of upcoming block. You only see that while mining.
Also applies to getdifficulty within wallet.
I noticed this when I (evil as I am) was working on a small script to jump onto TRC mining when its diff is below 20k and off when it was above. Using the cgminer API for this. Worked like a charm, but because of not being able to find the diff of the block in making I was always one block off :-)

http://www.coinwarz.com/cryptocurrency/

These guys are calculating the profitability right but the diff is wrong.

Nope there is glitch or something... block reward column.

In a few minutes, when I find block 28336, everything will go back to "normal"  :P

How fast to 2 TH/s?

Where do you get 2 TH/s numbers?

I would say that currently the rate is about 20~40GH/s.  It's hard to tell as there's a lot of solo mining.

I'm doing 3.54 GH/s.  My chances are slim but not negligable, but I always keep hope ;D

By the way, at 37K diff, that makes about 2 blocks per day solo, so the chances are there!

He meant how fast we can go back up to 2 Th/s where we were before the massive drop.

STRIKE!!

see http://www.freicoin.org/joe-s-pool-pool-cr-rs-asic-ready-us-eu-stratum-vardiff-t248-560.html#p4283 for screenshot proof
(Couldn't figure out how to include an image off disc here)

Yeah, after reading again, I was not sure if that's what he meant.  Well, no one knows, as it depends on a lot of factors, mainly the profitability.  If it goes above 100%, that it will go fast.  If people start buying FRC, it will drive the prices up (and increase profitability).  We are already seeing movement on BTER.

However, if profitability can't keep up, we may just have to sit and wait for a while longer.  However, every 9 blocks, retarget occurs.  Eventually, difficulty will match hash rate, and if hashrate stay low, profitability WILL get above 100% within the next few days :)

Miss?

Cool  :)

The explorer must have something wrong (old client?).

It's not me who got that block though :'( ;D

Correct... soon as the coinsites show the diff drop... I think pretty quick... The profitability will jump over 100% I think.

1,226.57  <--- Block reward on http://www.coinwarz.com/cryptocurrency shows that 1000 extra in TX fees... oh neat.

It's obvious that coinchoose.com is still running the old client, they are stuck at 28335..... sigh. :(
I have PMed the admin telling him to upgrade.

Many aren't I guess

All the sites seem to be lagging.


http://dustcoin.com/mining not updated.
http://www.coinwarz.com/cryptocurrency not updated. Updated
http://1.cr.rs/ not updated. Updated
http://pool.cr.rs/ not updated. Updated
https://coinotron.com/ Updated
http://cryptocoinexplorer.com:4750/ not updated. Updated

Look at that, coinotron jumped from 8GH/s to 46GH/s... :o

YUP... people will Jump on it when they hear. 3 Th/s coming.

FRC    50.0 GH   100%   21   0:8 h   ---    37346   ---  THey are the only ones with the right DIFF.

what happened ? i was making 4k FRC / day 5 mins ago and now 2k ? im going back to BTC ...

My confirmed rewards went down on Coinotron >:(

Ask COINOTRON....

What?

Not like this thread... was stickied long enough right?

same here ! from 200 to 50 .. wtf

My guess is PPS for block 335 & 336 was to high and adjusted  :(

It is because of this 1000 fee reward in block 28335. Pool uses block value of the last solved block when it calculates rewards for current block. But when current block is solved pool uses value from that block.
Block 28335 had 1226.57208999, this value was used as estimation of block reward in block 28337.
When block 28337 was solved - pool just took proper value of this block: 226.57056984

For several minutes pool just was using too high blockvalue to show coins/day and overestimated confirmed rewards.

Legit explanation, thanks. :)

cryptocoinexplorer.com: UPDATED and running fine

Difficulty adjusts every 9 blocks.

Retarget is now at every 9 blocks.  It will, every 9 blocks ;)

coinchoose now updated too :)

Great, so now it's my fault ;-b

Dustcoin only one left, any others not updated?

I'm seeing a difficulty drop 35.4K now  ;D

General rule of FRC pool operator: blame everything on maaku :P

Freaking NASA nerd. Gets 0 Credit 100% of the blame. ;D

Happy Dance above 100% lets see how long this will last :)

True that... but nice to know people fixed things up fast and are reporting it correctly. Hard to get hash rate up if people think the coin is still flatlined. Those sites do provide good info to many people. Here is hoping that translates to a larger bump in hash this week.

That 4K estimate can't have been right, during the slump we were seeing less then 2K FRCs created in a whole day due to low block rates.  I suspect what ever produced the 4K estimate was weighting your hash power against the network total but not looking at the networks blockrate.  If the network is at target block rate it will create ~32K coins, so 4K would be 12% of that which is about what 4-5 GH/s would represent.

In reality everyone's mining has jumped by a factor of 4 and as hash rates rebound the networks block rate will rebound by more then 4.

we're there!!!

As of right now we would need around 250 GH/s to reach target blocks and networks running at around 50-60 at the moment.  So we will see blocks just under an hour apart and every 8-9 hours we will get a difficulty drop that will push profitability higher and attract more miners.  As we saw a rebound in FRC valuation back to the .0004 it had been at just before the hash-crash the profitability is right back at near 100% relative to BTC.  Price stability has been quite impressive over this difficult period with a drop of only about 25% which has now been fully recouped.

im not getting any payments from coinotron .. anyone else?

just switched back to FRC will let you know - in the past I've had the same thing and the guy from Coinotron did manual payments until he got it sorted. Wouldn't be surprised if it was the same thing.

Hitting the p2p pool.freico.in hard and I am loving the DIFFICULTY drops certainly makes it worthwhile again to mine.

pool.freico.in dosent open for me

Hash rates are around 150 GH/s now, with 205 as the target rate so were at 75% of needed hash-rates.

i would move my blade on FRC too ... but i dont know a good pool ...

http://www.freicoin.org/mining-pools-list-for-frc-t251.html

FRC reaches 10 minutes block time target!!!

In an amazing display of technical proficiency the FRC difficulty fork brings the block chain to the target 10 minute time frame in just 19 hours by a combination of lower difficulty and profitability-induced return of hashing power!

Their will now likely be ~6-12 hours of modest under-shoot followed by rapid stabilization at what ever hash rate corresponds to what ever price the marketplace chooses for FRC (at a .00038 rate that would be roughly 350 GH/s to be at parity with BTC profitability).  We should never see such a slow block rate again as the new algorithm can adjust rapidly enough to accommodate virtually any future shifts we are likely to see.  We believe our algorithm will become the new gold standard for any alt-chain and may even be of use in BTC itself.

The next major development goal for FRC will be a block-chain compression which will alleviate the massive download necessary to become a user of any crypto-coin.  Our lead developer has been funded for 3 months to work full-time on it by evoorhees on behalf of SatoshiDICE.  Again this will be back compatible with BTC and may find it's way upstream.  You can read more here

https://bitcointalk.org/index.php?topic=204283.0

Make no mistake FRC is back and isn't resting on it's laurels.

This morning, I sent 1000 FRC to lucky winner: mavric.

LOVE THE COINOTRON!

Sadly, the FRC value is "crashing", everyone seems to just be dumping right now.  Hashrate is pretty high, so expect profitability to get worse :'(

Look at the trading volume - much of the rise and fall was done at very little volume, sometimes only two-digit amounts of FRC.

Same happened for FTC. Stuck difficulty means few new coins are minted and old coins reach the exchanges more slowly.

Unstuck difficulty equals more coins and faster dumping. Buyers are a lot slower to rejoin the market because they have a lot of other options.

Kids are growing up so fast these days....


where it took ~3 weeks for my last block from solo-mining before the fork to mature, they now mature within a few hours.  ;)

stop selling so cheap damn it !

God save

SELL IT MUCH CHEAPER.... I WILL START BUYING IT....

Let the market be the market... with the new filter we have a way where the coin will adjust to the fluctuations in price. I see stability on FRC horizon and I like it. We may now have an altcoin that will be used as a it should... to buy stuff. Now all we need is stuff to buy!

Well, it keeps dropping...

This morning I sent some FRC to Vircurex and after 12 hours it still shows only 4 out of 10 confirmations. How come the transactions are so slow? They are almost unusable this way, as my transaction is going to take a day and a half...

what happened with the new freicoin difficulty adjustment algo, it doesn't seem to be as robust as was originally indicated

Yeah I GPU mined them for a while but there's days they go too fast and days they take forever, currently it's not fast enough to deal with network hashrate fluctuations.

The cycle time is about a week to two weeks. It is robust, but if you're only mining for "profit" you won't get very many coins. I consider this a good thing.

Hi,

I'm running the site http://www.crypto-coins-table.com.

I have listed your coin already. To provide the full information
for all users you can update the information here:

http://www.crypto-coins-table.com/index.php?var_action=coin_details&coin_id=FRC

regards