|
For the time being we've negotiated some freedom from hashcows high hash rate, and I also believe that ATM we are too small for middlecoin to effectively deploy 10GH against. We shall see how the next low diff round goes and if it much closer to the 10 minutes, if it is the diff should be a lot more stable going forward. Remember we've only had like 3 diff changes since the fork, so I expect things are still leveling out. That process should be less problematic without the cows jumping on.
Edit: Coinium getting close to 51% again, please redistribute to the smaller pools to even the load or use p2pool.
|
|
|
|
Well one of the big multipools agreed to leave CATcoin alone maybe we can ask the others? Like middlecoin and hashcows to leave us be for 3 days or something? Maybe they can find it in their hearts!  Hashcows agreed to leave CAT alone for a few days, I don't think Middlecoin has even been contacted yet though. Besides I doubt Middlecoin would leave us alone. This is the fundamental problem that the fork didn't fix: until there is enough constant hash to make the effect minimal, multipools are going to cause huge difficulty swings by jumping in when the difficulty is low, mining out all the blocks, pushing the diff up, and jumping out. We only have to mine 36 blocks now to get through the high diff, but we don't get many of the easy ones for all that work. Until the net hashrate is too big for a multipool to significantly effect (which means 20+ GH/s), the difficulty NEEDS to depend on more than just the last 36 blocks. The 36 block retarget is great, but the new difficulty should be calculated from the last 2016 block times so that fast 4x diff swings dont happen. Under your proposed algorithm, what would happen, if the difficulty appears to be too high for the value of the coin over an extended period of time (i.e., the coin sits near the bottom of profitability lists), so it keeps reducing difficulty inch by inch by means of the 2016 block average, then one day, the difficulty got low enough, that it climbs up to the middle of the profitability list - then for unrelated reasons - maybe Catcoin gets some press - the price of Catcoins gets driven up to double or triple the price from increased demand - and now Catcoins are at the top of the profitability charts - massive hash power gets directed onto the coin? Does this mean we may have to go through 1,000 blocks or so of very rapid block generation (e.g., once every 10 seconds), until the 2016 block average starts to move the difficulty up? Would such a scenario not represent a rapid inlation and influx of 50,000 newly minted CATs being dumped into the exchanges? Also, once the difficulty rises to the point where it is no longer at the top of the profitability charts, and the 50,000 CATs being dumped in the exchange causes the prices to drop, and the massive hash power gets directed elsewhere, would we not be back to having very slow block times (e.g., every 30 minutes or an hour), until the averages can get caught up, perhaps in another 1,000 blocks? If you see it playing out differently, please describe how you see it playing out. This actually is quite an articulate way of describing exactly the issues and "extreme situations" I was concerned about. I see it playing out exactly like that, yeah the diff would lower or raise every 36 blocks, but in tiny fragments rather than jumps, even if they are necessary jumps. This could in turn grossly affect the profitability of the coin, and could lead to huge surges and quiet periods of hash. Etblvu1 hit this one right on the head I think. Unrelated: I've made contact with the Catcoinz Facebook page owner and he has agreed to hand the page over to me, at least for now, and I will in turn either do the content myself, hand it over to another member, or remove the page depending on what the community wishes. Unfortunately I don't see Catcoinz (with a z) being a page that is taken particularly seriously or professionally, so we may just have to turn it into an obvious unofficial page while the other one is made more official. I'm open to suggestions from the community on this. |
|
|
|
Well one of the big multipools agreed to leave CATcoin alone maybe we can ask the others? Like middlecoin and hashcows to leave us be for 3 days or something? Maybe they can find it in their hearts! Hashcows agreed to leave CAT alone for a few days, I don't think Middlecoin has even been contacted yet though. Besides I doubt Middlecoin would leave us alone. This is the fundamental problem that the fork didn't fix: until there is enough constant hash to make the effect minimal, multipools are going to cause huge difficulty swings by jumping in when the difficulty is low, mining out all the blocks, pushing the diff up, and jumping out. We only have to mine 36 blocks now to get through the high diff, but we don't get many of the easy ones for all that work. Until the net hashrate is too big for a multipool to significantly effect (which means 20+ GH/s), the difficulty NEEDS to depend on more than just the last 36 blocks. The 36 block retarget is great, but the new difficulty should be calculated from the last 2016 block times so that fast 4x diff swings dont happen. The only issue is that if the diff got pushed up and then the network hash fell a bunch, it would take a lot longer for the diff to drop back down again. Though it would take a lot more to push the diff up. The difference being that the pools' profitabilities would change every 36 blocks but NOT by enough to drive ALL the hash off the coin. Having the retarget use more than one period for the calculation introduces an integration factor that tends to reduce variability in difficulty. Its a simple system dynamics theory that's easily mathematically provable. We honestly just need more hashrate.
Absolutely. The best way right now is to get more people interested. Envy, I actually agree with the previous 2016 block average, I'm just wondering if that in certain extreme situations might not make the diff "liquid" enough and could hurt the profitability of the coin, especially if we gained a whole bunch of hash for a long period of time. I can think of a couple of extreme scenarios in either direction where that could cause problems. I also am not sure that it's a significant enough change to make it worth another fork, at least right now. The major issue got fixed last time, this is something we can watch more long term IMO. |
|
|
|
Well one of the big multipools agreed to leave CATcoin alone maybe we can ask the others? Like middlecoin and hashcows to leave us be for 3 days or something? Maybe they can find it in their hearts! Hashcows agreed to leave CAT alone for a few days, I don't think Middlecoin has even been contacted yet though. Besides I doubt Middlecoin would leave us alone. This is the fundamental problem that the fork didn't fix: until there is enough constant hash to make the effect minimal, multipools are going to cause huge difficulty swings by jumping in when the difficulty is low, mining out all the blocks, pushing the diff up, and jumping out. We only have to mine 36 blocks now to get through the high diff, but we don't get many of the easy ones for all that work. Until the net hashrate is too big for a multipool to significantly effect (which means 20+ GH/s), the difficulty NEEDS to depend on more than just the last 36 blocks. The 36 block retarget is great, but the new difficulty should be calculated from the last 2016 block times so that fast 4x diff swings dont happen. The only issue is that if the diff got pushed up and then the network hash fell a bunch, it would take a lot longer for the diff to drop back down again. Though it would take a lot more to push the diff up. We honestly just need more hashrate. |
|
|
|
Nethash is correct in the client and on the pools. The webpage still seems to disagree with everything else. I'm showing almost 300 Mhash on the network, up from 150 3 days ago. We still need a lot more hash. I'm making $75/day right now with just 3 Mhash. Not too shabby, I doubt any coin but lotto is that profitable currently.
wut ? $75/day from cat with 3MH ? WUT ? The diff briefly dropped to 24, maybe he got luck on those blocks. Nobody got luck, Hashcows took 850 of 1800 coins in that retarget. I've earned 150 coins in the last 2 days, so either teamcatcoin (which has a measly 25 Mhash) is SUPER lucky, or people are grossly underestimating the profitability of CAT right now. I'm gonna go with the latter. This is especially true once the next retarget hits in 14 blocks. YOu know where to point your miners  CAT lovers are only good to hold on transactions during unprofitably diffi. Profitable diffi get catched by the cow and dumped to BTC Not anymore. Cows has agreed to hold off for a few days while we build up our hash rate to prevent such drastic oscillations in diff. See my post a couple pages back for a quote from nearmiss, the admin of HC directly. |
|
|
|
Nethash is correct in the client and on the pools. The webpage still seems to disagree with everything else. I'm showing almost 300 Mhash on the network, up from 150 3 days ago. We still need a lot more hash. I'm making $75/day right now with just 3 Mhash. Not too shabby, I doubt any coin but lotto is that profitable currently.
wut ? $75/day from cat with 3MH ? WUT ? The diff briefly dropped to 24, maybe he got luck on those blocks. Nobody got luck, Hashcows took 850 of 1800 coins in that retarget. I've earned 150 coins in the last 2 days, so either teamcatcoin (which has a measly 25 Mhash) is SUPER lucky, or people are grossly underestimating the profitability of CAT right now. I'm gonna go with the latter. This is especially true once the next retarget hits in 14 blocks. YOu know where to point your miners Edit: I'm retarded. $37.50 per day. Either way still 200% of litecoin. Forgive me kitties, I have not had my coffee yet. Proof: https://i.imgur.com/XxKIHRL.pngThose are post fork profits only. |
|
|
|
|
Nethash is correct in the client and on the pools. The webpage still seems to disagree with everything else. I'm showing almost 300 Mhash on the network, up from 150 3 days ago. We still need a lot more hash. I'm making $75/day right now with just 3 Mhash. Not too shabby, I doubt any coin but lotto is that profitable currently.
|
|
|
|
The Catcoin OP disagrees with you  Plus the other page we don't know who admins it, and it appears who ever it is bought a bunch of likes. WIthout knowing who is running it the buying likes thing makes me nervous. I've sent them a message to come forward, until that happens, I think you're still the official page. Maybe it's time to buy some likes |
|
|
|
I am having issues with the new wallet. It connects to sync but is not actually doing anything. it has said 'processed 20290 of 20522" for about three hours now.
Any help?
Thanks
which version are you using? v0.8.7.0-beta YOu need to redownload the blockchain and add some nodes. Shut down Catcoin-Qt. If you're using windows 7, open the start menu and type %appdata% in the search bar and hit enter. Go into the catcoin folder and delete the blocks and chainstate folders as well as peers.dat. DO NOT DELETE WALLET.DAT OR YOU WILL LOSE YOUR COINS. Open up Catcoin-Qt and go to help and then Debug in the menu. Switch to the console tab, and type: "addnode us.coinium.org add" without the quotes and hit enter. "addnode catcoin.com add" You should then be for sure downloading the correct blockchain. You must add the nodes fairly quickly, to prevent invalid nodes from being connected to, if there are any left. |
|
|
|
im not hating on cat or anything .. but this is the reason i do not mine
1 cat = 0.0004 takes like 5 hours on pool to get
2500 doge = 0.0007 takes also 5 hours to get
Wat? What's you're hash rate. Doge is forked all to shit right now. |
|
|
|
|
something about that website is fucked. I'm seeing next est. diff of 40 everywhere else.
|
|
|
|
|
Nearmiss and aTriz are absolutely first rate admins. I have had nothing but good experiences with them and their honesty, integrity and transparency during their breach is absolutely one of the best responses I've ever seen. They ate $25,000 (40.8BTC) in losses personally, even though they didn't really have to. I have nothing but good things to say about that pool. They've even been known to drop coins when it causes too many problems, like they just did for us. They're doing things for the right reasons.
Catcoin, mine hard for 9 hours, and ye shall be rewarded. Long live catcoin.
|
|
|
|
|
Hashcows hit us. From nearmiss directly:
(12:27:45 AM) Maverickthenoob: as a favor, don't hit catcoin for a few days
(12:27:56 AM) Maverickthenoob: you're causing crazy diff oscilations
(12:31:08 AM) nearmiss: will do, I'll turn it off for min. 3 days, let me know how things look then
(12:31:15 AM) Maverickthenoob: thanks man
(12:31:19 AM) Maverickthenoob: I really appreciate that
Even at this diff should be about 25 Minutes a block, meainging we should be good to go in 9 hours. It's not that bad. Keep mining.
|
|
|
|
|
Middlecoin hit us, I'm pretty sure. That pool needs to fuck off, it's gonna kill more than a few coins in their current state.
Edit: Hashcows hit us. From nearmiss directly:
(12:27:45 AM) Maverickthenoob: as a favor, don't hit catcoin for a few days
(12:27:56 AM) Maverickthenoob: you're causing crazy diff oscilations
(12:31:08 AM) nearmiss: will do, I'll turn it off for min. 3 days, let me know how things look then
(12:31:15 AM) Maverickthenoob: thanks man
(12:31:19 AM) Maverickthenoob: I really appreciate that
|
|
|
|
I'm out.
It has been fun but a good coin need a good community and a good developer. We have a small great community but we have no developer.
He didn't bother to post promoting the coin, he didn't bother to post a few lines during the fork drama.. he was not on pool operators irc conference.. He is not here at all.
I sincerly wish you all good good luck and many good trades for 2014!
Why has everybody got such a fixation of the Dev? We're the most active community of all the alts currently, fairly significantly too it seems.. We came together as a community to save this coin, the dev implemented the changes. What more do you want from him? What more do we need from him that we can't do ourselves. Userpacman, are you NyanCat on IRC? |
|
|
|
|
Diff is now: 24 GOGOGOGOGOGOGOGOGOGO
|
|
|
|
I dont bullshit and i promise i would make you my bitch you have no idea i can be certain of that. lol do u even lift bro I am new to trading and learning hard lessons fast i was doing fairly well until a few days ago now im slightly down. I by my estimations am a novice begginer who wouldnt dream of trying to tell someone how to invest at this point. I do put in diligence and many hours in studying and trying to to get up to speed and am pretty inteligent so hopefully i can make something of it and i enjoy it anyway at least when im not loosing at mach speeds. now i dont know for sure that i could wipe my ass with you but if im playing the odds on average person i got about a 97 percent chance so since we are all in the risk game here i have to say i like my chances. Take this dick waving contest to PM's please, both of you. It falls under the personal attacks rule of the forums. |
|
|
|
I'm not exactly sure whet there was to talk about exactly,. getting all of the pools in cooperation for one would have been one. in fact, someone did mention that very issue in the thread before the fork. We were losing like 35% of network hash per day. PER DAY. Does you think catcoin would have survived another week at that rate? if you put it that way, yes: http://en.wikipedia.org/wiki/Zeno%27s_paradoxes#Paradoxes_of_MotionHindsight is 20-20 but you guys are delusional if you think that immediate action wasn't necessary....THE. FORK. WAS. YESTERDAY. CALM. DOWN. so let me put it into context: you say that there's nothing to freak out about because the fork was yesterday, and to calm down and not rush to judgement. all i'm saying is the coin was about a week old when the first fork was attempted, and for us to calm down and discuss it, and not rush to act. we agree that we needed to calm down, but many of us wanted to have a calm discussion BEFORE THE FORK, NOT AFTER.now, we all have to pick up the pieces of a clusterfuck. Kalus, you've been complaining about the fork since the beginning. We get your stance on it, it's also done already. Even you admitted the fork was necessary. What good would have standing around talking about it done. We issued the fork made the pools and exchanges aware and executed. A small oversight was made and a 51% happen. Unfortunately, shit happens. Dogecoin made their source available for a week (compared to just 24H for us) before the fork, and still FIFTY PERCENT of their hash didn't update their pools, daemons or nodes. Now they have a vicious fork they're unlikely to recover from. Our pools all updated, and we did not fork (to my knowledge) because of out of date pools or nodes. Sure it wasn't perfect, but god damn it, this coin is still alive and kicking, lets continue making it the best damn altcoin out there, and stop bitching at each other about what-ifs and should-haves. |
|
|
|
I don't see how this could have been avoided. Hindsight is a wonderful thing, but the coin was suffering a slow death due to a ridiculous difficulty wall that we would have never climbed had the fork not taken place. The coin was already at 0.0005 just before the fork. Now it's at 0.00033. It was bound to drop due to the next dump. we should have taken a week to talk about it, and had plans in place to keep all of the pools in step. 2 days, as Janos0666 pointed out, was not long enough time to address some major concerns about the fork. even i'm now agreeing the fork was ultimately necessary. what i am disagreeing with is how quickly it occurred. No foresight was needed for this observation of unease from a silent majority. if we had even taken 5 days to discuss options and make plans we'd have been better off. I'm not exactly sure whet there was to talk about exactly,. We were losing like 35% of network hash per day. PER DAY. Does you think catcoin would have survived another week at that rate? Hindsight is 20-20 but you guys are delusional if you think that immediate action wasn't necessary. Also, the fork was yesterday. Calm Down. I think this point needs emphasizing, one sec: THE. FORK. WAS. YESTERDAY. CALM. DOWN. Most of the coins are down like 50%+, the fact that catcoin is still alive and lost only roughly 0.00015-0.0002 (~20%-25%) from pre-fork prices (~0.0005-0.00055 BTC) should tell you that we actually did OK. You guys need to calm down and let the market react too. The difficulty will adjust is 3 blocks, that should breathe some more hash onto the network as well, and the swings shouldn't be so violent now. Stop being so ADD and hold out a little bit. Trust me on this. Source: I have ADD. Calm Down. |
|
|
|
|
Show Posts
