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Author Topic: [1CR] New coin on poloniex  (Read 2028 times)
BitCoinDream
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June 07, 2014, 10:26:49 PM
 #21

What is the current market price of this coin against 1 BTC ?

Cassey
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June 07, 2014, 10:41:16 PM
 #22

Yeah its working, I get payments all the time, but remember that there is a huge confirmation time for 1CR (one of the things we changed at the 4000 block mark, but that is active now for those that have upgraded).

Feel free to try Jamies pool (the mining pool one), you should start to get payments every hour after the first blocks confirm for you.

Cheers!

Cassey

ps.  Come visit us on http://asic.usertalk.com

Cassey
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June 07, 2014, 11:40:46 PM
 #23

Jamies pool is down, I've mentioned this twice. I am currently mining on multicoinpool as an exploratory coin. I'll give it a few days and report back.
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June 07, 2014, 11:44:45 PM
Last edit: June 08, 2014, 12:00:09 AM by Cassey
 #24

Well dang.  Guess I got so use to seeing that come in from him I took it for granted.  Sorry.

Let me see if I can find out what the story is with his pool.

Update:  E-mail sent and trying to hunt him down on IRC

Cassey
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June 07, 2014, 11:45:26 PM
 #25

What is the current market price of this coin against 1 BTC ?

it was .001 but the buy wall is gone and now there is zero buy support. I think I was the only one who was mining and holding. Then theminingpools stopped paying me and froze at 109 blocks pending, and now dissappeared alltogether. Now with the pools all out of order there is only the haxor solo mining and dumping. It will be a miracle if this coin ever goes above .001 again.
Cassey
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June 08, 2014, 12:05:57 AM
 #26

One has to laugh at the 50M buy order at 1 SAT - there less than 4000 coins in existence right now.

We are hoping the damped sine-wave algo used for difficulty combined with the somewhat lower confirmation times (now targeted at 25 hours) will improve the outlook for this coin.  Although the full sine-wave algo was fun, it wasn't as practical as we had hoped - thus the adjustments.

Cassey

Cassey
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June 11, 2014, 01:30:51 AM
 #27

Mandatory ugprade on 1CRedit as of 8pm CST 6/10/14...

Despite weeks of testing utilizing the -testnet world, a bug cropped up in the new fork for 1CRedit.

You MUST upgrade to the current release in order to participate in any future coins.

You should see version as 90400 or 9.4.0 and protocolversion of 70016 (if you do a "getinfo")

Cassey

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June 13, 2014, 12:09:06 AM
 #28

Just helping out again with another update from the devs:

Quote
With deep humility I must request everyone upgrade again, and I sincerely apologize for this being the third time in as many days.
 
As I had previously posted, the planned change at block 4000 underwent weeks of testing in the -testnet environment.  However, even with a half-dozen people mining against the -testnet tree, we could not completely duplicate the production current block history.
 
As such, when the block time continue to climb, we, well, honestly, we panicked.  We didn't trust our own work, or our testing, and presumed we had something backwards and pushed out the previously release.   The block after that (which we are currently on) proved that indeed, we had it right with the block 4000 patch after all.  What we were seeing was simply the impact of historical quick blocks on the current timing.
 
Today, we pulled in another developer (thanks Wes!) to do code reviews.  We spent the time recoding the algo from being 'inserted' to 'native', changing all related variable names to meaningful ones, instead of trying to make the code adapt to the portions that were common with the Litecoin base.
 
Although our confidence is high, we also enabled additional debugging statement.  Blocks on 1CR are rare, so an extra few lines in your debug.log will hardly be noticed, but should serve to build confidence that things are working as designed.
 
We also instituted some additional limiters - like not allowing the difficulty to adjust up or down more than 2X - something that is unlikely given a per block check.
 
Finally, we put a "safety valve" in the code.  Should block times ever go extreme, like they are now, the next block will default to a minimum difficulty, giving the community a handful of quick blocks and allowing the difficulty algo to re-engage.   We hope that this will be "one-time-only" code, which will take effect at block 4008, but it will be there no matter what happens.
 
Anyhow, new git source has been pushed and the windows wallet is updated and available in it normal spot off http://www.1creditcoin.org
 
Again, our sincere apologies
 
Cassey and team.
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