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I can vouch for Moose. We had two large transactions between BTC-e USD and PPUSD. He responded quickly even though it was an inconvenient time for him. Thanks, Moose.
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Y8UmMjbjhqsyKQaGZrrW8efAhWChvjXmnn
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No, it was more than that. It's more like one every couple hours. Since about Saturday, the network chewed through ~58 high difficulty blocks.
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This website seems to have a pretty accurate block count. I don't think it's real-time though. http://dustcoin.com/miningRight now, 2 blocks left before the difficulty adjustment. Then another block before the new algorithm kicks in, I believe
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This is coming up awfully quick. Alert pool and other service operators if you know them.
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IMHO will dead Methinks you just want cheap TRC. The terracoin network would continuously have 6% of the bitcoin network throughput if the price were 0.03 BTC/TRC. Basically, the price needs to double.
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If the price is right, ASIC miners would be mining TRC permanently. Right now, the market is undervalued for them.
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For now? Convince the big miners to stay on the network? Maybe put up a bounty? Social solutions involving game theory?
Coinotron and other pools could implement a payout system that rewards longer-term mining.
If people decide to start mining somewhere on the downward difficulty adjustment, there should be much smoother transitions that match the actual network speed and profitability.
I think the next adjustment will be 1/4 of where the difficulty is now. That should be low enough that people start mining again.
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can we get an update on this could some1 look into this is it forked is it 51% attack are there new blocks
There's nothing to look into. No fork. No 51% attack. The difficulty is just too high right now. It will come back down soon. No need to worry or panic. Yep. All my coins are stuck at Vircurex anyway. So, whistle and wait I guess! And then when it comes down, roll back this difficulty patch! The fast retargeting of difficulty was what I always said was a plus! It still retargets every 30 blocks. It was entirely possible to get into this same situation on the previous version. The new version isn't entirely to blame. I seem to recall you making a big deal about 8x profitability at the same time when the difficulty would be low for a while and BTC pools were under DDOS attacks and miners were looking elsewhere. I would suggest that if people want to trade their terracoins, they should suck it up and point their hardware at the terracoin network. The profitability on dustcoin is at 110% so people need to start generating some hashes. The entire network loses when people chain hop. Big miners actually make fewer coins and less profit per day than if they just continued to mine. It's partly a social problem and partly a technical one. The developer should revisit this difficulty issue. It's not a simple problem.
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That's not a patch to fix anything. Do not apply that. It was a potential exploit that has already patched (again, not that code). It's my understanding that that code won't get you anywhere with exploiting anything in the current branch.
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TRC is now 11.3% of the BTC network according to Vircurex. I'm starting to question their calculator because that sounds awfully high. Unless some major BTC pool is redirecting to terracoind... | Blocks | Difficulty | Network GH/sec | Bitcoin | 229724 | 6,695,826.2826 | 38,375.1733 | Terracoin | 100567 | 33,448.8696 | 4,335.9465 |
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According to the hash rate calculator at Vircurex, TRC has 6.7% of the hashing power of the entire BTC network! | Blocks | Difficulty | NetworkGH/sec | Bitcoin | 229717 | 6,695,826.2826 | 35,937.9609 | Terracoin | 100555 | 16,845.1301 | 2,405.9502 |
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Where did you find that table?
Coinotron.com
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the first difficulty "downramp" will be hard as hell... (when those big miners jumped off)...
I don't think the network will behave like that. Difficulty transitions will be silky smooth over time unlike things were last week. We will see how it plays out but I am pretty certain there will be less chain hopping. At some point on the difficulty curve, big miners will see it as profitable. When they jump on the terracoin network, there wont be such a big difficulty shock and miners wont notice it for several adjustments.
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I don't think the price will remain as high as it is. Those huge miners want BTC and they are going to dump a few k on the market pretty quickly i imagine.
At this price I already dumped all I could and I keep dumping as I mine, but I will buy back all and more when the bubble deflates Once listed on btc-e, the price will increase further. I'm bullish. But im glad youre happy with terracoin and obviously others are happy to swap.
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Evilpete,
I believe what you describe has the same chance of occurring as a 51% attack. With the improved strength recently, this is less likely. Also, anyone that pulls this off will make their mined coins worthless so there is little incentive. It would only be done for the lols.
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The difficulty is now increasing. It should be a buttery smooth transition. Everyone relax
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hopers leaving when rise will start, will kill the whole thing Why would hoppers leave if its *only* 200% profitable?
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The last few block on Coinotron have all been solved in seconds. O_o And by few I mean the last 20+. This doesn't feel like normal behavior...
We've seen a massive jump in network performance at the same time as low difficulty for the reasons I stated above. Check back in several hours.
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