psybits (OP)
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April 08, 2013, 02:29:26 AM |
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Anyone want to let me and everyone else know what's going on with the TRC network?
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Byte-Gox
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April 08, 2013, 02:31:21 AM |
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Bytecoin is taking over
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psybits (OP)
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April 08, 2013, 02:33:18 AM |
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Bytecoin is taking over
Suits me I've got plenty. But what about TRC  |
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drawingthesun
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Activity: 1176
Merit: 1015
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April 08, 2013, 02:36:07 AM |
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Anyone want to let me and everyone else know what's going on with the TRC network?
They need to set TRC as the same as Bitcoin just faster. Bitcoin difficulty cannot jump around more than 4x current difficulty I think TRC has merit, a faster Bitcoin sounds attractive, but this miner resonance thing they have where the difficulty can jump up and down by massive amounts is just killing it, Mining TRC is so frustrating, one day I can mine 2 blocks/per day solo, and the next day I can't even mine 1 single TRC from a pool Its madness. Someone Jumps on with a ASIC and the network diff just jumps all over the place, then they leave and the diff is so high and then everyone else leaves, then the diff hits super low and loads of people jump on to get easy coin, and then it shoots up so far everyone leaves again. |
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lassdas
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April 08, 2013, 02:37:12 AM |
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Anyone want to let me and everyone else know what's going on with the TRC network?
It's not 0.0GH/s, not sure what it is, but TRC-p2pool is currently at ~2.2GH/s. The problem is, that the total-network-hashrate is quite low, so when a few ASIC-owners join, they push the difficulty into limits that the rest of the network can not handle once the ASICs leave. And that's exactly what's happening the last couple of days, when the difficulty is low, ASICs join and push it high up to the sky, then leave and remaining miners need hours and hours to create a single block (and probably also leave because it's not profitable anymore). |
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drawingthesun
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April 08, 2013, 02:37:38 AM |
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Bytecoin is taking over
Well its been far more consistent mining Byte, and at least the diff can't just jump around like mad because its a Bit clone. Which I'm surprised was never attempted before. |
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psybits (OP)
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April 08, 2013, 02:39:52 AM |
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Anyone want to let me and everyone else know what's going on with the TRC network?
It's not 0.0GH/s, not sure what it is, but TRC-p2pool is currently at ~2.2GH/s. The problem is, that the total-network-hashrate is quite low, so when a few ASIC-owners join, they push the difficulty into limits that the rest of the network can not handle once the ASICs leave. And that's exactly what's happening the last couple of days, when the difficulty is low, ASICs join and push it high up to the sky, then leave and remaining miners need hours and hours to create a single block (and probably also leave because it's not profitable anymore). Good points. Well if people want TRC to survive they should mine it to help out. Especially if they have some as they won't be able to send in to anyone or trade it at the moment! |
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lassdas
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April 08, 2013, 02:45:32 AM |
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Bytecoin is taking over
Well its been far more consistent mining Byte, and at least the diff can't just jump around like mad because its a Bit clone. Which I'm surprised was never attempted before. The funny thing is, it works on Bytecoin just the same way. As long as the total-network-hashrate is low, ASICs are a threat. |
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Garr255
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What's a GPU?
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April 08, 2013, 03:19:14 AM |
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Hopping in with 20+gh. I have no ASICs (yet) but it's the best I can do. Who's with me?!
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“First they ignore you, then they laugh at you, then they fight you, then you win.” -- Mahatma Gandhi
Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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drawingthesun
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Activity: 1176
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April 08, 2013, 03:19:55 AM |
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Bytecoin is taking over
Well its been far more consistent mining Byte, and at least the diff can't just jump around like mad because its a Bit clone. Which I'm surprised was never attempted before. The funny thing is, it works on Bytecoin just the same way. As long as the total-network-hashrate is low, ASICs are a threat. The big difference is the difficulty can only Jump 4x every 2016 blocks. TRC the difficulty can jump much much higher. |
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drawingthesun
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April 08, 2013, 03:20:43 AM |
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Hopping in with 20+gh. I have no ASICs (yet) but it's the best I can do. Who's with me?!
Whoa, thats a lot of hash power for a non-ASIC! |
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lassdas
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April 08, 2013, 03:24:33 AM |
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Bytecoin is taking over
Well its been far more consistent mining Byte, and at least the diff can't just jump around like mad because its a Bit clone. Which I'm surprised was never attempted before. The funny thing is, it works on Bytecoin just the same way. As long as the total-network-hashrate is low, ASICs are a threat. The big difference is the difficulty can only Jump 4x every 2016 blocks. TRC the difficulty can jump much much higher. ORLY? Let's see, here's the last TRC-diff-switches: 2542.17 x4 10168.683 x4 40674.735 x4 162698.94 Sure, on Bytecoin it needs more blocks to raise the difficulty, but it also needs more blocks to drop, so it's basically the same problem. |
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CryptoJunky
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April 08, 2013, 03:25:42 AM |
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I'm in with the little I've got!
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caish5
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April 08, 2013, 03:28:23 AM |
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I'm in too
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btbrae
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April 08, 2013, 03:31:49 AM |
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The show must go on! I'm in.
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psybits (OP)
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April 08, 2013, 03:45:01 AM |
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Awesome! I think they are working on the difficulty issue as well  You guys rock  |
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BugSpirit
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April 08, 2013, 03:45:34 AM |
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I've got 250 TRC stuck in unconfirmed transaction. Help me, guys! |
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roy7
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April 08, 2013, 04:09:44 AM |
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Coinotron shows 48.2 GH currently.
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psybits (OP)
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Activity: 1386
Merit: 1000
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April 08, 2013, 04:10:55 AM |
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Coinotron shows 48.2 GH currently.
Awesome  |
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caish5
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April 08, 2013, 04:28:03 AM |
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Someone come join us at multipool.in
There's only 2 of us!
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