[BTE] If we are going to make to the next retarget we must be zelots

[mr_random]

I heard PPCoin has a way to do proof-of-stake so it's possible to avoid this difficulty issues.

This is another reason why PPCoin is undervalued. 51% attacks can't be performed computationally. Even if someone has 95% of the hash power they couldn't mess up the PPCoin block chain.

And not only that PPCoin has a smart difficulty adjustment and retargeting which isn't resulting in the problems BTE and TRC experienced.

[Come-from-Beyond]

I have some BTE but I'm against any changes. It's like rewriting the Bible. I'd better see value of my coins drops to zero.

[Anon136]

I have some BTE but I'm against any changes. It's like rewriting the Bible. I'd better see value of my coins drops to zero.

i disagree but respect this position. We could always make a new genesis block and this time set the difficulty properly.

[celkaris]

I have some BTE but I'm against any changes. It's like rewriting the Bible. I'd better see value of my coins drops to zero.

i disagree but respect this position. We could always make a new genesis block and this time set the difficulty properly.

any real money involved so far ? (trades made by BTE owners)
changing the genesis block could be a big loss for some of your users

[Anon136]

I have some BTE but I'm against any changes. It's like rewriting the Bible. I'd better see value of my coins drops to zero.

i disagree but respect this position. We could always make a new genesis block and this time set the difficulty properly.

any real money involved so far ? (trades made by BTE owners)
changing the genesis block could be a big loss for some of your users

right i agree so its not my preferred option. I was just pointing out that it is an option. It seems to be the option that come-from-beyond prefers.

[hiddenvalleyranch]

I get about 330mh/s. What pool should I join? Or should I just solo mine.

[Craftyman]

750 Mhash/s pointed at bytcoin.in

[aadje93]

Got 4ghash mining 24/7 @ bytecoin  

Mined multiple blocks yesterday right after each other:

14334

and 14333


And earlier that day

14319 and 14320

so i am trying the best i can, last mined block from me is block numer 14344

And still hashing with 4ghash/s

I will continu to support this altcoin as an protest to mtgox and their power over bitcoin. We need bitcoin as an alternative to fiat. Not a conversion of fiat!

Just my .02 BTE  

EDIT: seems like 270ghash on the network   no 51% attack? (bytecoinpool info)

[Craftyman]

just curious, what is a retarget and how could you not reach a retarget?

[hiddenvalleyranch]

Everyone come to http://pool.bytecoin.in/

We are only at 2GH/s right now.

[aadje93]

just curious, what is a retarget and how could you not reach a retarget?

Retarget is the difficulty change after mining 2016 blocks. It will target a difficulty that way that the average time of a block generated is ~10mins if i'm right.

When there is some fools with asics pointing 1thash at the network, mining the blocks in no-time the re-target after the 2016blocks will shoot up (like now 16k, while it is supposed to be ~4k when mining with 30ghash)

When they stop after the retarget the difficulty is around 30 times higher then normal. Thay way we can take a year to get a retarget again. So most people will quit mining it then (not me )


Right now its at a good difficulty for the 270ghash mining power bytecoin has. (retarget will double the difficulty) but it can be some asic guy or botnet just trying to crush bytecoin. But also can be frustrated bitcoin miners protesting against mtgox.


I quit bitcoin mining because mtgox is just "ruling" bitcoin. People see it as an commodity they can invest and trade in rather then a new currency .

BYTECOIN WILL RULE THIS WORLD 

[brie]

i cant believe no one responded with "my life for aiur"

Uhn dara ma'nakai.

[jubalix]

So this is BTE's TRC moment....Anon is right Sunny king has explicity said people should look at his retarget system in relation to how TRC was hurt in this manner.

The TRC dev has done something interesting in response, I am not sure how well it is working

[FatMagic]

I see the difficulty is projected to go up to 65k? I thought the difficulty was going to adjust down after some blocks got solved (which it seems like it did) -- or did that already happen? Just trying to follow up with whats going on now that some blocks were solved (and hopefully prevented a fork).

[Ilikeham]

Everyone come to http://pool.bytecoin.in/

We are only at 2GH/s right now.

Why would I move back to a pool that has already ripped me off for well over 100 coins?

[Anon136]

I see the difficulty is projected to go up to 65k? I thought the difficulty was going to adjust down after some blocks got solved (which it seems like it did) -- or did that already happen? Just trying to follow up with whats going on now that some blocks were solved (and hopefully prevented a fork).

retarget is every 2016 blocks. If you see some stats somewhere that say its going to retarget up than those stats are probably just wrong.

[Anon136]

Got 4ghash mining 24/7 @ bytecoin  

Mined multiple blocks yesterday right after each other:

14334

and 14333


And earlier that day

14319 and 14320

so i am trying the best i can, last mined block from me is block numer 14344

And still hashing with 4ghash/s

I will continu to support this altcoin as an protest to mtgox and their power over bitcoin. We need bitcoin as an alternative to fiat. Not a conversion of fiat!

Just my .02 BTE  

EDIT: seems like 270ghash on the network   no 51% attack? (bytecoinpool info)

thanks so much! tell me your address and ill send you a donation!

[FatMagic]

I see the difficulty is projected to go up to 65k? I thought the difficulty was going to adjust down after some blocks got solved (which it seems like it did) -- or did that already happen? Just trying to follow up with whats going on now that some blocks were solved (and hopefully prevented a fork).

retarget is every 2016 blocks. If you see some stats somewhere that say its going to retarget up than those stats are probably just wrong.

Yeah I found it here: http://pool.bytecoin.in/stats_netw.php

Is that stat incorrect?

[xorxor]

why people love this coin so much?

next diff : 65536
even after btc retarget @ 9M, cost of bining 1 BTE would be 0,00721 BTC

[achillez]

why is next diff 65536? should it go down?