Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment? We can't really have a discussion unless you give actual numbers. The longest time it can take is infinite, with 0 miners.  Don't know if that really answers your question or not. I'm sorry if "almost all" means 0 to you. Let me try some easier questions for you. The FAQ states: it can lower difficulty 400% in 12 hours
First, what does 400% lower difficulty mean given a current difficulty of 18,246? Why hasn't the difficulty lowered in the last 13+ hours? |
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Firstly no it's not really a problem LOSING 80% of the network hash, it's a good test of how resilient the code is. Without that happening I won't be able to point to it in the future as evidence. It's an issue all new chains will face gaining support from miners. They come and go when it's "immediately profitable" or "immediately not profitable".
Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment? |
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What we do know is that in under a week we have gone from 1.2 THash, or 11% of the BTC network to 300GHash and SolidCoin is still flying.
You don't understand that loosing over 80% of your miners in a matter of days as indicative of a larger problem? The SC network is already down to 200G. A little more and a single miner like ArtForz could wipe out your chain. Hell, in a couple days I might be able to. I better dump my SC asap. * Syke goes off to start compiling a custom SC node... |
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BTW, have you figured out the tiny problem that SCs (and i0s, and soon IXs) difficulty adjustment algo creates when faced with a attacker with majority hashpower yet? Sure, but the goal is never to be in the situation where someone has 51% power, worrying about "attacks" that happen in that scenario when you can fork the chain is kinda irrelevant no? Better than doing a namecoin/i0/ixcoin and dying, thus leaving an "80 million dollar economy" in shambles. Obviously with deepbit on BTC and SCGuild with SC it is a concern, however the SCGuild owner seems honest. I'm trying to solve some of these bigger issues, so we will see what I can produce. Too late. SCGuild already has way more than 51% power. All they would have to do is turn off hashing for one day, difficulty will plummet, then we can get back to getting several blocks a minute. SCGuild, what do you say? Will you turn off the pool for a day? |
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Hi everyone, I'm a cryptoholic. Bitcoins are my cryptocurrency of choice. But sometimes I dabble in other blockchains. Why? Because I can mine them faster with their lower difficulty, and then convert them to my favorite Bitcoins and in the end get more Bitcoins than if I had simply mined Bitcoins. Do I care for those other chains? Not really. I'm just using them to get more Bitcoins. How about you?
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1 Round = Spot Price + 20%
5 Rounds = Spot Price + 18% per round
20 Rounds = Spot Price + 15% per round
100 Rounds = Spot Price + 9% per round
The price is a little steep, but not too bad since nobody else has anything similar for cheaper. Hopefully the prices will come down as you grow the business. They do look decent, so I'm tempted. Is the 99.9% certified? How are they individually packaged? What forms of payment do you take? |
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Not entirely accurate. WIthout going into details, there are things which can be done to minimize and practically eliminate a block your pool has found from being orphaned (strictly speaking about BTC here and not other shitcoin chains).
Yes, what I said was entirely accurate, and I'll re-word it in case I wasn't clear enough. You cannot eliminate invalids. You can, at best, reduce them. |
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Yep that is, "you treat invalid blocks incorrectly" stance. I got it. But how am I supposed to handle it? From my point of view, if a pool got invalid block it is pool operator's fault
No pool can eliminate invalid blocks. Invalids are expected and are a direct consequence of the 10-minute target and network propogation effects because solved blocks do not propogate instantly to every node on the network. Another blockchain with a lower target speed, say 3-minutes, would expect to have more invalid blocks. Your spreadsheet is slightly inaccurate because you are including invalids in the 'actual' column, but not in the 'expected' column. Until you can compensate correctly for the 'expected' number of invalids, it's best to leave them out of the 'actual' column calculations. |
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Hardware:The FPGA Boards presented above is not optimal since it contains features which are not required for bitcoin mining. A cost optimized single board version with on-bord voltage regulators, but without DDR2 SDRAM, configuration booster CPLD, microSD and GPIO pins is scheduled for second half of September. The expected single unit price is 330 EUR (471 USD), expected 25 unit price is 260 EUR (370 USD).
Let's assume a best case scenario. $370 USD for 140 MH/s with $9 BTC/USD means it will take 1.5 years for this to pay for itself, assuming free electricity. If you have to pay for electricity, the time is even longer. Does this device come with a 2-year warranty? |
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It's bullshit is it? Considering we can number the guys who mined the first million Bitcoins on a single hand how is it bullshit when SolidCoin has over 10000 individual owners of coin already?
I like some of the changes in SC, but at least tell the truth. Lying just doesn't help the cause. You have no idea who owns the first million Bitcoins. LOL, yeah except did you notice we can survive a drop in half of hashrate and the network is still 3 times faster than Bitcoins? What other chain can do that? None.
I'm not sure losing half the hashrate is something you should brag about. |
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Received in a video card a while back and never used. First one to use it gets it.
Steam Activation Code:
PF62G-CNM6Z-QK9AP-2428W-PBN37
Donation appreciated:
1ETt1q47aP2fxEX6SNvryHeh4vWrfka5me
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Is there something wrong with the stats website? I haven't seen updates in a few hours.
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Now it's... Stale shares: 400 (5.997 %)
Not an improvement over the other pools. |
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- Regular Stale rate < 1.5%(mostly it will be even below 0.5 due to our WORKING Long Polling!)
From your own stats page for the current round: Stale shares: 1001 (11.2992 %)
How about removing the false claim about stales?. |
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- Fixed transactions fees instead of unknown variable fees in BTC
I don't see these fees documented anywhere. What are the fees? - 3 minute blocks, 32 SolidCoins per block
- Concentration of Bitcoins into elitist early adopters that have no interest or desire to help Bitcoins be used by "normal" people
Actually, you have it backwards. SolidCoin is going to be very much concentrated into early adapters. Due to the cap on difficulty increases, block are flying out at a rate much faster than 3 minutes. Because of this, SolidCoin is spewing freshly minted coins to early adapters far faster than Bitcoin ever did. It took about a year to generate the first 1.5M Bitcoins. SolidCoins will reach that level in a matter of weeks. |
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What if he wants to mine even if he thinks the price is going to drop? Why wouldn't he, if he can still make a profit on it (and a larger one if he gets the BTC today, but the price drops before the contract ends)?
If the price goes up, he looses. If the price stays the same, he looses. If the price goes down a little, he breaks even. If the price goes down a lot, then he wins. If the price is going to go down a lot, he'll make a much bigger profit by selling the hardware now. There's clearly enough interest in mining contracts, especially moderately priced ones. I don't see the point in selling them at a loss. He could easily sell them for a small profit. |
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We will most likely be back up to full capacity at the end of the next week, as everything should be sorted out by then. I apologize for all the problems we've been having lately. Afterwards we will look into the large investment from NetTecture (if it is still available.) Thank you for your patience and continued support!
LOL. You can't keep a small farm running, nor pay out dividends on time. What make you think you could handle anything larger? |
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No wonder you have a waiting list. You are selling contracts at a loss. Why??? For 30 BTC your farm will generate 33 BTC, since there's virtually zero chance of difficulty changing significantly in the coming week.
Ahhh, but what if the exchange rate is cut in half by next week? We discussed this earlier in the thread.....pretty straightforward. You're betting that bitcoins will tank this week? If you're so convinced that the price of bitcoin is going to drop, then why don't you sell your miners? Because if the price of bitcoins go up, this contract is even more of a bad move on your part. |
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No wonder you have a waiting list. You are selling contracts at a loss. Why??? For 30 BTC your farm will generate 33 BTC, since there's virtually zero chance of difficulty changing significantly in the coming week.
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All gone.  |
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