I'm not sure if he works at the local nuke station, but he claims to have been a nuke in the Navy. I'd bet he was kicked out with how things have been going. They don't usually let nukes retire easily unless they don't like them.
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People need to stop with the childish understanding of crypto, talking about changing block sizes and changing algo. What do you guys think happened to bitcoin when ASICs started coming around? The same thing. There were TONS of pools even a year ago, not as many now. You have to let the evolution take place. The chain will continue, it just may not favor a small pool per-se. Bitcoin forked several times, and look where it's at now.
ASIC = security. You shouldn't question this either because you're seeing the results of a coin which currently ISN'T supported by ASIC right now. If you want your coin to be taken seriously, you leave the architecture where it's at and simply let the chain mature.
No algo is ASIC proof, it may only be resistant for a period of time. I can tell you that there are 2 major companies developing multi-algo ASIC. What are you going to do when all the algo's are ASIC? Drop this type of talk. Keep it scrypt, keep the rewards where they're at, and have your pool operators do something to attract more attention.
I could point you to 5..10...20 coins which all changed algo and reward because of this fear. They're dead now. If anything needs tweaking, it would be the difficulty algo. Adjust KGW to not allow serial blocks far under coin spec, or maybe look into darkwave algo?
If your coin has a tangible real-world use, nothing will stop its movement, its use or prevent its value from rising.
Until potcoin is a common household name, you won't see this level of adoption, so you need to strap in for the long haul. Also, there needs to be more info on how the 4/20 stuff went down. Everyone was looking to this for months.. and now silence. Not cool at all.
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Thanks for the reply. Yeah I ended up blocking POS, and that actually fixed everything oddly enough.
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Why on earth would you halve the rewards? Belay that and focus on security. Someone with either epic hashrate (more than all alt's combined) is toying with the coin, or it's someone attacking the network itself.
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It also doesn't make sense because pot hasnt been the most profitable for awhile, so why would an ass ton of miners on a multi just switch?
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I'm on the current version... There's an ongoing attack or chain takeover, it's been occuring for almost 24 hours on and off. I noticed it lastnight around 1am EST.
In fact several folks I've talked to are on the current version. That won't help.
Update: My server just got on the "current"(?) chain. Well over 100 blocks have been mined, difficulty is sky high. I don't think this is just a multipool, unless they have almost 10GH.
Another update: Network looks frozen again. You might need to face that you're under attack.
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Someone is privately mining the proper chain, and/or something is simply broken in the network, as far as my limited understanding can discern. Few of the pools are on the right height, most are way off, but no orphans are showing up. Nethash according to my daemons is showing around 1.75 constant. Even the largest pools (1gh, multi-hundred-mh) were off.
Something is certainly amiss.
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Yeah, I've officially notified my private pool people to move to one of our other servers. I've moved my farm off of pot. There's clearly network manipulation going on, and/or something is broken in the network.
Unofficial warning: As of this second, if you're hashing pot, you're burning electricity for nothing. The Devs need to look into this and act fast.
has your pools updated their potcoin.d for KGW ?? if not your on the wrong chain I'm up to date, and I doubt all of the other pools have failed to do the same thing. Even the block explorer is behind. Every pool op I know mining this is up to date. There's something wrong with the network.
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Yeah, I've officially notified my private pool people to move to one of our other servers. I've moved my farm off of pot. There's clearly network manipulation going on, and/or something is broken in the network.
Unofficial warning: As of this second, if you're hashing pot, you're burning electricity for nothing. The Devs need to look into this and act fast.
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I just ran through about 60 pot pools. Almost none of them were on the same block, 3 or 4 pools were on 197672. Most others were between 197601-197656. The pool which supposedly found 197673 hasn't had a confirm for half an hour or more.
There's some private pools like mine out there, but it seems like the private hash makes up most of the network right now. Most of the public pools added up to maybe 500mh.
What's the weirdest thing, I didn't count any orphans among these active pools. Maybe 1 if I think hard.. how can all the pools be on different block heights with hardly any orphans? Maybe I'm missing something. Can the devs or folks with greater understanding than myself, explain this?
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Is anyone else noticing that block 197672 has been solved for awhile, but most pools are reporting they're still on it? Further evidence someone is working on a chain. Not to panic anyone, but this is the 3rd bit of circumstantial evidence of the chain being tinkered with in the past 24 hours. 197672 found here: http://pot.minermob.com/index.php?page=statistics&action=blocksShould be on 197673, as of a few moments ago only 1 other pool out of about 20 is on that chain, most others are hashing against 197672 still. Something isn't right.
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Ok so this is weird.. it appears it can't find a checkpoint or do a full resync because it can't connect to an IRC server. I can't paste the debug log here because it's on another computer.. but, anyone else notice this?
Guessing I need to add a billion addnodes in.
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Yup, totally agree. Quite an oddity. Nice to see things still running smoothly. Potcoin has done well even with multi's bouncing on it.
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For anyone running the daemon, do you have issues with CPU usage? I'm seeing it bounce between 15 and 95%, I'm wondering if it's mining POS. I have gen=0 in the conf file though.
Any input? Other POS coins don't do this.
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I saw that overnight.. seemed like something more than just fast blocks occured. My pool has solved back to back to back to back blocks, some within 1 second of eachother (most about 20 seconds apart) over the past few days and difficulty never did this. It jumped, but not like that. Could be wrong, but it sure seemed odd.
Not to mention the odds of finding that many blocks all within 180 seconds. I've been watching the nethashrate bobble the last couple of days, and it would take more than a multipool to do that.
Well, things seem back on track.
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GPU coins have better scarcity, hold more value and are more decentralized. to me thats a win, win, win, and IMO they are more resistant to 51% attacks in general and they are more multipool resistant due to the fact that each rig needs a bit more special attention to maintain. I would say this doesn't hold true to the coins with super low total coins such as Duck or 42 coin or the other coins of that nature. Scarcity in an age where you can use technology to overcome, is only synthetic and temporary. What you're seeing is the 'eventual end of a pointless coin' just come far quicker. It was inevitable. By your argument, Litecoin shouldn't be worth anything, but it's held. Hashpower = strength, security, reliability. Value is based on what people place it at, afterall the coin is merely a transport mechanism with no inherent worth. The best coin in 2014~2020, WILL BE the coin that manages to fuse the best decentralization strategy, with the best marketing strategy.
The best coin will be the one(s) adopted worldwide and used as often, or more than, cash or credit transactions, or to fill niches which can't be filled by those methods. Until then, all coin technologies and projects are merely attempts to really hit the launchpad just right. Potcoin has a niche. It needs to really take hold.
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Algo won't matter in the long run for a coin which is for transaction purposes, especially with the multi-algo ASIC systems already prepping in the design phase. Scrypt was just 2nd generation ASIC. Escaping ASIC is impossible, a delay perhaps, but continually evolving the algo is moot.
Potcoin needs to establish its roots and branch out via use.
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Looks like an active push to drop the value on Cryptsy, and/or idiots just auto-selling and not caring about the value. Take a look.
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They'll probably give a few back but never everything they owe. They'll do this just to garner some positive rep from the community.
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If they were scammers, and made 0.5-1.3 megausd according to some estimates, why would they try to put up a new facade? To scam more money? Why not create a brand new exchange with the same goal, invest the money in marketing instead of sinking into the deep hole, start without bad baggage from CryptoRush, and two months later there would be enough deposits for another "hack".
Because there are new suckers all the time who may not know about their reputation, and there are yet folks here who have seen the losses and still want to believe the exchange is good. That's why. I mean, if I had a scam going and I could literally not keep people from falling for it no matter how obvious it was.. why would I stop?
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