It's pretty obvious, 3min per block makes Royalcoin the second slowest coin out there. That's not what people want.
Which is the first? Worldcoin is number one at 15sec and BTC is the slowest at 10min. The only reason BTC is popular is that it was the first crypto coin to take off, so it had years to establish itself without competition, if a coin like BTC was launched today it wouldn't get a look in against the other coins. |
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WorldCoin seems to really have potential for a long term hold.
I hear the dev's are working on a thin/mobile wallet as we speak.
Some websites already accepting WDC as payment.
It's all speculation this early, but we shall see, but I put my bet on WDC.
Worldcoin has flaws though, not it's specs, they are fine. The Worldcoin client software is based on Bitcoin which was not designed to store and work with the volume of blocks that Worldcoin generates. The client software needs modifying. |
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It's pretty obvious, 3min per block makes Royalcoin the second slowest coin out there. That's not what people want.
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The difficulty re-targeted nicely back to 6.9 after the flash crowd left, and that has put WDC back up the top of the mining profitability charts. The price is still way too low on Bter.com for a coin that's working so well. That will be the flash crowd selling like noobs.
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Difficulty retarget is every 2016 blocks.
It says difficulty retarget should happen every 8.4 hours (504 min with 4 blocks per minute) .
Wake up.
Damn i thought it should retarget quicker than that? what was ftc's original retarget? can this coin suffer the same fate as ftc with transactions taking hours to confirm or not? which coins retarget after each block? Nonsense, everyone would have to stop mining at once, and that is not how it happens. The flash crowd pool hops and they don't represent everyone, they are enough to kill FTC/CNC but not enough to kill WDC which is number 1 profitability again on Coinchoose. |
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lol yeah... units. that probably means two jala's went out. still, few more months and I might get mine. More than 30 If what they said was true, remember http://bfl.ptz.ro by no means has all the orders on it. |
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The FTC hash rate seems to have picked up a lot in the last day an a bit, something you have done is working. Though the stats don't seem to reflect the change, my calculations do and the hash rate has at least doubled recently perhaps tripled.
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I think you need to put -g 2 instead of -g 1
only if you run thread concurrency down at 8192. |
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Are you also having problems with the pool at the moment?
I stacked up a load of unpaid shares and they switched to paid now, without difference in balance.
Also there is a gap of 200 blocks (1 1/2 hours) there nothing was found.
Anyone an idea? Forked once again?
I just noticed that, I had 591 unpaid share 15min ago now zero and the balance hasn't gone up. Something fishy. 5/20/2013 Update 2:
The increased hashrate has caused me to increase share difficulty again.
I'm working on an alternative solution to this but it would require some more
downtime.
5/20/2013:
Despite having 82 peers and a second node with 229 connected, the server's
worldcoind began operating on a forked blockchain after block 41305. I
caught this early and we're back on the "main" chain by 41670.
5/19/2013:
I had to increase the share difficulty since the pool hash rate is growing.
The block notify times were getting too high with the SQL load from share processing.
http://wdcpool2.erundook.net is running about the same hash rate and number of workers, they haven't mentioned similar problems. |
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Thread concurrency 21792 works best for me on my sapphire 7950 with gpu threads at 1. Intensity 18 holds stable.
Depending on your system cgminer may not start at high thread concurrency, there are a lot of variables, what works on one system doesn't on another. |
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You can tell when people haven't read the cgminer readme. thread concurrency overrides shaders no point having both in the startup script. try @echo on
ECHO "cgminer miner startup"
ECHO.
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
cgminer.exe --scrypt --auto-fan --gpu-powertune 20 -w 256 -g 2 -I 13 --thread-concurrency 8192 --lookup-gap 2 --queue 0 Keep increasing I from 13 until you start getting HW errors. Don't forget to delete .bin files. I get about 615KH/s from a Gigabyte 7950 with those settings. |
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LOL at wdc.dontmine.me
It will reopen when the pool/network hash rate (102.44%) drops below 40%
The server is having problems: 5/20/2013 Update 2:
The increased hashrate has caused me to increase share difficulty again.
I'm working on an alternative solution to this but it would require some more
downtime.
5/20/2013:
Despite having 82 peers and a second node with 229 connected, the server's
worldcoind began operating on a forked blockchain after block 41305. I
caught this early and we're back on the "main" chain by 41670.
5/19/2013:
I had to increase the share difficulty since the pool hash rate is growing.
The block notify times were getting too high with the SQL load from share processin I would simply split the users across two servers. |
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I think WDC will eventually be worth about one USD which will be easy to remember. It should be worth more but all the alts are down compared to where they should be. Here is how they should be valued against BTC. | Coin | Coins
Per
Block | Time
Per
Block
(secs) | Coins
per
Hour | Value
vs
BTC | $USD | | BTC | 25 | 600 | 150 | 1 | $122.00 | | LTC | 50 | 150 | 1200 | 0.125 | $15.25 | | FTC | 200 | 150 | 4800 | 0.03125 | $3.81 | | CNC | 88 | 60 | 5280 | 0.028409 | $3.47 | | WDC | 32 | 15 | 7680 | 0.01953 | $2.38 |
That table assumes difficulty is irrelevant which is true as roughly the same number of coins will be produced per hour regardless. It also assumes that scrypt vs sha256d take the same amount of energy to mine, I don't know if that's a good thing to assume and would like some more data on that. It also neglects good will which is a very important component in the final price. Food for thought and further discussion anyway. |
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I also noticed bad numbers coming out of erundook....I had half of my miners on erundook (tried both pools) and half on dontmine. The difference was very clear...but I didn't think they were scamming, maybe just bad performance or something.
Either way, scammer or not, the numbers were indeed much lower than others, so that part is true.
Have you bothered to do a traceroute to it and other pools? When I ping wdcpool2.erundook.net I get 215ms When I ping wdc.dontmine.me I get 18ms Because they are in different bloody countries! Obviously my earnings from the faster ping are higher less orphans and rejects. |
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oh I need it. as soon as it becomes profitable I mine it and sell it immediately. I'm fine with that. What I'm saying is, if you offer me an infrastructure with it I might be willing to hold on to it for longer. If it appreciates in value the coins I mined n months ago will pay for future bills and product so I'm saving money. It's like the bit coin pizza. If they knew that bitcoin would have an infrastructure they would not be so willing to part with so many bitcoin for a single pizza. IF WDC shows that it can build an infrastructure I won't sell, otherwise I dump away.
Why don't you help build that infrastructure instead of simply sitting on your butt and expecting other people to do it? It's an open source community project, it's not Worldcoin inc. feeding your needs. |
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If something forked.. he should make a announcement about it. Anyway, no one of you will care anyway  Why would a fork effect auto payouts? |
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I cant withdraw. The automatic isnt working anyone else having probems from erundook?
I just checked my automatic transaction history on their second server, looks fine to me. |
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How unexpected! Probably a reasonable thing to buy as a store of wealth, because the silver would hold it's value better than fiat. |
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sounds good. now what can I buy with wdc? can I pay a bill with it?
You don't need WDC, you are better off with fiat. Move along. |
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I just bought more WDC with the the cheap price.  whats cheap to you guys and what do you think should be the going rate and expected rate? I believe WDC should be going for around .003 BTC. It has the potential to do much better when the difficulty starts getting into the hundreds eventually. It's just the miners are noobs and sell too cheaply, same thing happened to FTC and CNC when they first listed. Sure, most low difficulty coins aren't worth much. People don't get what fast transactions means. I will give you an example, atm if you wanted to use Bitcoin for a drive though take away payment, you would have to accept zero confirmations! As you couldn't afford to hold up the line for 10min waiting, even 2.5min of LTC would be impractical. With WDC it suddenly becomes an option. Think about that. |
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