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Sorry for the double-post in advance.
Some of you might have noticed the wallets inability to sync for the last 6 hours or so - that Is entirely my doing.
No, the wallet is not broken and it is still perfectly capable of synchronizing - there just hasn't been generated any blocks for the last 6 hours.
I went through the code and noticed that the new algorithm for difficulty retargeting is, although whole-heartedly meant to be better... but in fact it's not.
Doing a few preliminary tests (offline) showed that difficulty retargeting is extremely agressive when a lot of hashing power is thrown at it. I wanted to bring this into light while also showing the downside to this new algorithm.
So I threw all my hashing-power against the network and thus got the difficulty for a n-factor 13 block up to something in the vicinity of 1.7k compared to the roughly 220 it was before. Don't worry, when the current block is solved, difficulty should be down quite drastically - although that might take some time.
TL;DR - devs... fix your new diff. algo.
It looks like everything is back to normal now, But good to know there are people testing this stuff out! So do you think this is worse than before the retargeting or not? |
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Are any other exchanges on the horizon?
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Quick update: We've been testing the new re-target and things are appearing good here on testnet. The real world is of course different than test environments, but we're wrapping up our testing and are looking to release a new wallet soon. The question we're debating is which block to start the new re-target on since it's a hard fork. We're assuming the people watching this forum are the majority of the people running wallets, so we wanted to get a gauge of how long it would take to get everyone updated. We're guessing about a week, but could be convinced to go a shorter time (~4 days or so) given that there are no known pool operators that might be the most likely to create a competing chain.
Anyone want to comment?
How about block #10,000 ? Should be in roughly 7 days from now. That should work out well. Thanks! I will mark my calender! |
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/What good is a pool if you can still solo mine? But I agree, it would be nice to see this up on mintpal or something
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looks that way, this is one beautiful stealth coin flying under the radar at the moment, GPU miner has not been created for it (I would know) GPU miner is feasible but it is really ASIC that matters, all in all everything is possible given sufficient market cap, but what is nice here is that anyone right now at least can accumulate and sit tight for it to go on exchanges and possible enhancements
stealth where? as far as I know, this coin is just as stealthy as litecoin. I think they are saying this coin is a relatively unknown coin at the moment. I really think that some of the best coins long term are the ones which are not GPU mine-able right out of the blocks. It gives these coins time to grow, allows early adopters a chance to grab some blocks which are more fairly distributed and gives a real vested interest to those who mined e arly. correct, the only way right now to corner this coin is two folds a) someone codes a GPU miner and attacks it head on with tremendous speed up b) spend considerable amount of cash on cloud CPU instances since we are not on any exchange yet, coin distribution continues on a low scale and into hands of many people (one would hope) remember this was Satoshi original dream  I see, stealth as for example cloak or black coin or cryptonight, a bit different meaning for the word here, although one could repeat dark coin design but do one really have to have yet another stealth coin ? or rather have thousands or millions of machines and each gets share of the pie.. its a semi philosophical question My sentiments exactly. In satoshi's sort of utilitarian point of view the most good would be to allow everyone at it in the beginning to keep the coin as decentralized as possible. I have a couple computers thrown at this coin but by no means am I a large miner, yet I can solo and find blocks. I do not necessarily agree that a coin like this could not have a stealth aspect to it while maintaining a fair decentralized distribution. I think that both could live in harmony, and if this Scrypt N motion algo really works out in the long run, I am sure there will be plenty of forks adding a stealth aspect on top. The question then becomes are these additions truly creating anonymity or just dark fluff |
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looks that way, this is one beautiful stealth coin flying under the radar at the moment, GPU miner has not been created for it (I would know) GPU miner is feasible but it is really ASIC that matters, all in all everything is possible given sufficient market cap, but what is nice here is that anyone right now at least can accumulate and sit tight for it to go on exchanges and possible enhancements
stealth where? as far as I know, this coin is just as stealthy as litecoin. I think they are saying this coin is a relatively unknown coin at the moment. I really think that some of the best coins long term are the ones which are not GPU mine-able right out of the blocks. It gives these coins time to grow, allows early adopters a chance to grab some blocks which are more fairly distributed and gives a real vested interest to those who mined e arly. |
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it seems like it will just adjust the algo to something like x11, but does it change the memory hardness schedule?
Lyra2 is a completely new (password hashing) algo, not used in any cryptocurrency. Lyra2RE is Lyra2 with reduced efficiency by chaining with other algos (like x11). It's not clear if vert is going to become multi-algo (lyra2 and lyra2RE) or one or the other or what, tbh... Now is this at all similar to Aptcoin's algorithm? I have heard that they are doing some reduced efficancy stuff by having high n factors. But if the coin used something similar to x11 wouldn’t it be "more" efficient because the x11 uses less memory? I guess alot of this is yet to be determined. |
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it seems like it will just adjust the algo to something like x11, but does it change the memory hardness schedule?
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I have not heard of the lyra2re, What exactly does that do?
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How ASIC resistant is vert anyways? It seems like once the demand comes ASIC's will follow.
The posted schedule of varying N factor makes it seem as if it would be profitable to build an ASIC even if it is only good for the time the schedule is in that N factor.
Concidering that current ASIC tech is completely obsolete in a matter of month's, the 2 year N factor hold would be no real barrier to building ASIC's for this coin.
Are there any coins which use a varying Nfactor on a per block basis? I feel like that may be more effective in the long run. at least then you would need several machines to cover the gamut of N factors in play. And even if they had ASIC's they would not fair really well at the high N factors. leaving room for CPU's. GPU's and ASIC's to lay their claim on certain blocks but not others.
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Not all that bad a coin, the devs seem like they are kinda involved... which is better than most coins
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BANNED for using a misspelling as a username
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Metal Gear Solid... so fucking sweet
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gasoline, with a side of water
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