The site is back up now! We're still optimising some settings so wagering may be slower than usual.

For Sha512 I posted this issue here........

https://github.com/gapcoin/gapcoin/issues/14

Different hardware favors different functions. SHA-512 is generally faster on 64-bit processors, SHA-256 faster on 32-bit processors. (Try the command line command!  

openssl speed sha256 sha512

SHA-512 also has over SHA-256 collision resistance, a term that in cryptography has a very narrow meaning. SHA-256 claims 128-bit collision resistance, SHA-512 claims 256-bit. If or when a practical quantum computer is built, we will need the 256-bit collision resistance.

So if someone makes a people and breaks the blockchain, you blame the one who made the pool??? What kind of imaginary world are you people living in. You should thank the pool owner for FINDING A FAULT. A blockchain is not supposed to break because someone made a pool. It was defective from the start. Imagine if it was block 10 million before the defect was discovered, and everyone already wasted so much resources.

To the devs and community supporters:
This was a defective blockchain. Own up to it. No one should complain, but take responsibility and stop pointing fingers.

XUN does not work like the other cryptonotes. If it did we wouldn’t have this issue and there wouldn’t be any pre-mine.

It doesn’t matter the version. Devs told you not to make a pool. XUN is not designed that way. It is not compatible with current pools. They will release a compatible code later so anyone can make their pool.

Why did you do that? You broke XUN again! What part of No Pools don’t you understand? Stop using pools.

Aren’t you the one who tried to break XUN by setting up a pool? No pools.

You sir. You said it :-)

Happy pre-mining folks.

if this goes gpu it's a fail

already 3.5M coins in existence

great! lets w8 u) Dev put d*k on pool and fali start =\

In linux (Ubuntu 16.04 or 17.04) creating a wallet is not working. Illegal instruction (memory dump)

08:56:59.211717 ERROR Failed to connect to any of seed peers, continuing without seeds

I don't think the downloadable wallet is working right now, I'll ask.

But you can just use the browser wallet at ico.compcoin.com - that's what I use, it works fine.

const uint256 hash = uint256(
  "c58d5a7e6f7ced02428d0812cac1e3a1dfd79fe164bc51edeae1aaeca56d8ad8"
);
extern const uint256 hash; 

What is Compcoin?
----------------
Compcoin uses scrypt-adaptive-N as a proof-of-work algorithm.
 - 8 minute block targets

Here's some good news for you guys.

The crisis is over.

I can share more about what happened now. First of all the price has stabilized and is steadily increasing (which, by the way, it will continue to do for some time to come, expect a run back to at least $2 in the short term - Alan maintains a target of $100 for year end).

For the quick learners, you can see for yourself what happened and what they did about it here: blocks.compcoin.com.

________________________________________________


Okay then, boys and girls, sit down and prepare for a story.

________________________________________________

Once upon a time, Compcoin was built. The algorithm that determined block difficulty was configured to adjust appropriately for the technology at that time.

Then, things changed.

The Antminer L3+ was released.

You can see earlier in this thread that someone mentioned how ridiculously profitable it was to mine CMP (they were getting $60 a block). The blocks were designed to distribute 35 CMP every 10 minutes. The problem: they were spitting them out every 1-3 minutes. Blocks could sometimes be found within seconds of each other.

What happened?

There was one miner who pushed the price down this whole time. They started scaling their hash rate through NiceHash and were pointing anywhere from 50 - 150 GH/s at the pool, depending on how much competition there was from other miners. When they were able to get thousands of CMP a day, they chose to sell. With Nova Exchange being a small market, that movement was enough to drop the price from $16+ to ~$0.55.

With all that hash power, the guy basically achieved a 51% attack on the network. The team went into crisis mode. They had to stop this guy who was mining all the coin and just dumping it for pennies on the dollar.

Hence the silence; they didn't want other people to find out and do the same thing.

So what did they do?

The coin forked and the block size has been decreased from 35 CMP to 2 CMP.

Now blocks are found at a more reasonable rate. This changes the mining dynamic so it's not as profitable to point the hash power equivalent of 300 L3+s at the CMP pool when you're just going to turn around and dump coins for a couple cents each.

You can see on the NovaExchange and CoinMarketCap charts when the trading volume spikes, the price drops. This was occurring daily as the miner was just cashing out his haul with no regards of, or respect for, the price.

Now that the team has a technical solve for the problem, we can probably expect an update soon (as if we haven't been already) and a steady if not rapid price correction that more accurately reflects the value of CompCoin.

In the meantime, sit back and wait. Or buy some cheap CMP and reduce your cost basis while it lasts, which if you ask me, may not be as long as one might think.

Look at the block explorer. Get an understanding of what's happening behind the scenes. Then look back through this thread at all of my other updates - the new website, the trading results, the NFA approval, the CNN interview, the brokerage partnerships. That's all happening. There's some exciting things that they can get back to working on now and it looks like we're on track to make some nice gains real soon.

To the haters, keep your eyes on the charts.

To the believers, get ready.

We're in for a wild ride - and it's only just begun.

The Yiimp pools have found the exploit hole and are patching it. 

In the meantime SteamOctanePool.com is still up for SWEEP and the holes were patches, as well as extra security added!

Happy Mining!