So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?
Yes, these are just flash-ponzis. You know who the winner is: first in, first out. The rest are left holding the bag. From a noob's perspective it might look that way, but if you look at what actually happened. FTC had a great launch, nicely timed no head start, no pre-mine, lot's of people jumped on it and the hash rate went though the roof in no time. As the difficulty increases started to kick in to compensate, we suddenly had the unexpected release of CNC at a much lower difficulty putting it far higher than FTC on coinchoose.com, so miners simply jumped ship, that caused the difficulty on FTC to remain high, so more miners jumped ship. |
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FTC Net Hash: 407.15 MH/s, CNC Net Hashrate: 511.75 MH/s However FTC will go down in the history books as the worst difficulty re-target to date. A text book case on how not to do it. Current Block 32603
Current Difficulty 188.192
Expected Time per Block 0 day(s), 0 hour(s), 18 min, 25 sec
Estimated Network Hashrate 731,415 KHash/s (over last 347 blocks)
Time to Retarget 21 day(s), 8 hour(s), 19 min, 54 sec
Next Difficulty 27.24731746752
Total Coins Mined 6520600 The devs better go back to the drawing board and fix it so it can't happen again, unless they want miners to ignore the coin. |
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Why not simply disable the seed server until 24hr after people have had a chance to download the client software ans set up?
because people could still mine during that time? The best way to do this would be a high starting difficulty - say 4000, and announce the coin launch at least a couple of days in advance. Um you put it into the client code that the first block has to come from the seed nodes and is checksum so it can't be faked. And 51% of the miners wont have the invalid block from people that try to solo mine, so it will be rejected, thee will have the real first block from the seed nodes. |
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Why not simply disable the seed server until 24hr after people have had a chance to download the client software ans set up?
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Make sure your power supply is strong enough for a 7970 at least 550watts which is what Gigabyte recommend: http://www.gigabyte.com.au/products/product-page.aspx?pid=4102#ovIf your voltage to the card starts collapsing under load you are not going to get the best hash rate settings. I am getting 550KH/s on my Gigabyte 7950 card running standard clocks, so you should be getting way more than that on a 7960. |
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How are we going with p2pool support for PPC?
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Can you add PPC? I know it's a tricky one, but Novacoin is a PPC fork and it has p2pool available.
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I would like to see this too. Is it possible to do pooled proof-of-stake mining?
Well, there are other PPCoin pools out there. I don't see why there couldn't be a P2Pool implementation. I am sure with time someone will port it. As far as I know all of the existing pools only address PoW and not PoS. Hang on, there is a Novacoin p2pool version, and it's PoS. |
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Yeah I got like 30 coins from this pool. Bet is been attacked or something.
Nah it was giving errors exceptions.ValueError: too many file descriptors in select()So it hit a limit. I don't know what operating system the server has so I can't really advise much, if it's Linux you could look into the FD_SETSIZE to see if that can be increased. There were bugs with the early twisted libraries too. |
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Can you give us your networks.py entries you uses so others can get p2pools up to spread the load? The twisted library for python is known to have problems with too many hits at once. |
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DO NOT buy into this bullshit. It's a get rich quick scheme for idiots! ROYAL idiots!
Don't get ROYALLY fucked in the ass with this UNCREATIVE B.S.
says the man with Chinacoin as username Hmm? These forums are full of people trying to smear any competition ignore it. |
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Looks like the p2pool server is collapsing under load from a lack of file handles. Needs tuning
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How about some specific instructions on how to mine this thing? I take it there are no pools.
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BFA1xfvXJa54Rm2oUwpksTPP7krUXEhc8z
tyvm
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There are so many alt coins because people really want BTC, and the only way to convince people to part with their BTC is to show them something new and shiny. The shine wears off quickly, so you have to make another coin.
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Total Coins Mined 6,511,200
At peak prices that's around 32,500 BTC or $3.6 million. Not a bad haul. But that's not what was paid for them, and if you put them all up for sale the price would plummet. It's only hoarding that keeps the price up. |
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Were finalizing a new difficulty adjustment algorithm which may get released into this slump to break out of it. In hindsight using BTC default difficulty algorithm has been a mistake, our general philosophy has been to stick as close to BTC norms as possible and only change things that were of economic importance such as demurrage and foundation distribution.
Also most alt coins have launched with flawed difficulty too, TRC had the same issues and had to patch its way out, NMC went merged mining, and most of the recent Scrypt coins just copied LTC algorithm which is fundamentally just like BTC's and they have suffered for it, only very large and established coins can survive with such sluggish difficulty adjustments. FRC will recover because it has an actual development team that can make a patch and fix an issue like this ware as a fly-by-night clone coin is dead as soon as it falters.
FTC was the best example of the failed BTC difficulty adjustment algorithm, took off like a rocket, then died, 16+ days until next re-target, which effectively killed the FTC mining. Don't follow the same mistake with FRC, make sure the difficulty can drop in a day or so when mining falls off. |
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and it falled again cause people stop mining it...
People haven't stopped mining it, the hash rate is doing fine. The only problem I see with BBQcoin is it doesn't fetch a fair price compared to some other alt-coins. The exchange rate gamblers are just not into it. There is an oversupply of coins compared to demand. |
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With my order not the price but the shipping status was updated yesterday.
it's now "fulfilled", afaik that means its shipped. I can't believe.
Can anyone confirm another 2012 jala order to be fulfilled the last 3 days?
Surely, some mistake? Keep us updated if you get any tracking info. it looks like it was a scam on the german forums  Doesn't surprise me, people are trying to smear BFL to make them look worse than they are, (don't get me wrong, BFL have terrible customer relations so far) but there seems to be strongs campaigns against BFL especially on these forums, that kind of reminds me of the propaganda stunts the rebels are using against the government in Syria atm: "Rebels accuse BFL of using chemical weapons" |
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Time to Retarget 15 day(s), 22 hour(s), 8 min, 38 sec Expected Time per Block 0 day(s), 0 hour(s), 13 min, 21 sec This is terrible. Looks like we are moving backwards. Let's see how these stats change after 24 hours  True it's worse now: Net Hashrate 986.640 MHash/s (over last 300 blocks)
Current Block 32556
Current Difficulty 188.192
Time per Block 13 min, 39 sec
Time to Retarget 16 day(s), 6 hour(s), 29 min, 47 sec
Next Difficulty 36.75520309887
Total Coins Mined 6,511,200 Such a meteoric introduction of Feathercoin, then bang they blew the momentum with the crazy difficulty hike. The designed block rate is 2.5min same as LTC, you can see from above that it's blown out to well over 13min. They need to rethink the targeting algorithm, make it quicker to drop than rise. If you going to design a coin that is supposed to be friendly to smaller miners, then make sure it doesn't stay for weeks at 13min block rate when it is supposed to be 2.5min. |
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