KGW is coming!

We just wanted to let everyone know that approximately this time tomorrow, KGW should kick in. We don't expect a huge deviation, but there will most likely be some change in difficulty upwards or downwards while KGW finds its equilibrium.

Any blips shouldn't last long regardless as it had plenty of ramping time, difficulty has been relatively stable during the stabilization phase (as intended), and KGW will correct every block until stabilized.

Our goal was to get the difficulty stabilized in the first 4 days, build up our community, make connections, and then make sure as we grow with popularity that our community doesn't get destroyed by multipools - hence the KGW. The first difficulty algorithms have done their jobs well, so hopefully KGW does its just as well.

We just wanted to be open and let everyone know, so there are no surprises.

If you have any questions let us know here or on IRC and we'll do our best to answer them.

There's 3 diff algorithms the first two are modified BTC for the initial ramp up period. After block 2880 it will switch to KGW.

Here's the code that handles the switching: https://github.com/bonuscoin/bonuscoin/blob/master/src/main.cpp#L1560

Here's a post on the details: https://bitcointalk.org/index.php?topic=524212.msg5882050#msg5882050

These should be working but we'll check it out. Both datadir and rpclisten.

The Windows client is statically linked. No installation needed.

The dev team has been working on refining our launch-time difficulty algorithms. Our goal was to make sure the difficulty ramps up correctly at launch, but also is able to transition into KGW to protect us from multipools.

We figured this would be interesting to folks here and wanted to share the details with you. At launch, the first 120 blocks will act as a ramping period. The intervals are 6 blocks and will increase by a maximum of 250%. This should get the difficulty into a meaningful level rather quickly and allow a much fairer launch.
 
After 120, for the next 2760 blocks the difficulty will adjust on 60 block intervals with up to 200% difficulty increases. This will help smooth the difficulty levels and stabilize the difficulty before a modified Kimoto Gravity Well (“KGW”) kicks in.
 
Roughly around Day 4, on block 2880, KGW will settled in and control the block difficulty on every block change. The settings are a minimum look back period of 72 blocks (10% of the daily rate) and a maximum smoothing range of 1800 (2.5 days). The event horizon is set to: 1 + (0.7084 * (PastBlocksMass/72)^(-1.228)) to help generate a smooth curve.
 
There may be a slight blip in difficulty when KGW kicks in, depending on the hashrates we're seeing, so don't panic. KGW should settle any blips within a few intervals.

Looks like your site is down?

http://bestcoin.udf.me redirects to a GoDaddy page at http://udf.me/?hg=0&nr=0

Yep, that basically sounds like you've ended up with a version of cgminer that doesn't support scrypt somehow.

I've used version (3.7.2) without problem with a R9-280x on Win7 64.

Give it a try.

Great to see all the pools signing up.

By the way I'm one of the BonusCoin devs, if you have any questions about the wallet feel free to PM me (I'll also be watching our subreddit).

Thanks for these instructions. This helped quickly get a solid build/dev environment up and running.