TRC is back up

[roy7]

Don't know who protonevil is, but I appreciate his 36278.2 MH/s over on Coinotron. Block 100629 has been found and Terracoin client is back in sync.

[BigBlackSharpie]

Why did that happen?

[roy7]

Why did that happen?

There are some threads in the Alt Crypto forum about it. (I couldn't post there, so I posted here.) Difficulty got high, hashing power got low, took 6-7 hours for a block to be found.

[roy7]

Not to be out done, ailiuzhou has popped in with 328278.7 MH/s (boggles my mind how that is possible) and blocks are flowing smoothly now (3 in past 25 minutes).

[ltcdice]

This is the problem with TRC.  Any large miner with an ASIC can get in, raise the difficulty and then leave, leaving everyone stranded.

Until the network is large, it will be very easy to either do this or to perform a 51% attack.

[Fiyasko]

TRC is crap

[roy7]

I wonder if a new coin couldn't be started with a way around that. What I'm thinking is two types of blocks, those with a new coin bonus and those without. Th difficulty for ones with new coins works like normal, but the difficulty for "transaction only" blocks remains low or rises much much slower. This way even if an ASIC is jumping in and out, that might disrupt new coin mintage, but transactions can still be flowing even if just some smaller miners are doing transaction only blocks. This would avoid last night's problem of ~6 hours without a block, thus no transactions taking place...