[ANN] a new coin based on Litecoin - CHNCoin

[tidus_13]

Can someone explain one thing if i mine via p2poll i have to keep CHNCoin-qt.exe open? or i can close it?

[Mushoz]

So, I have seen multiple diff jumps from when this was released. The OP says it should be a 60sec block target, I think he must have screwed up tho, I have never seen it less than a few seconds. Is this correct?

If it is always going to be just a few seconds, then the mining will slowly migrate to a specific location / country and mining outside of that area will not be worth it due to latency, rejects and orphans.

I imagine it should begin to fix itself once the difficulty begins to rise significantly. I imagine an enormous amount of hashing power is joining the network constantly skewing the block rate. The difficulty has continued to rise considerably at each refocusing.

I thought this was the case originally, and correct me if I'm wrong, every time the diff jumps it should change to around 60 seconds and then, as hashing power come on board, gets back down to 1-4 seconds etc. But I haven't seen this, it always seem to be be continually 1-4 seconds per block, even right after a diff jump? Makes m think the code is wrong, 6 seconds instead of 60 etc

Difficulty cannot increase by more than a factor of 4. That's why the difficulty re-target cannot keep up at the moment with the ever increasing hashpower pointed to CHNcoin. It will catch up eventually, though.

Oh right, thanks, that explains it, I did not realize difficulty could only do a factor of 4, is that just a made up constraint, or something to do with how the crypto actually works? In that case, assuming the code is correct, I guess the constant 1-4 second blocks are just reflecting the insane increase of hashing power pouring in to CHNCoin!

It's a made up constraint, originally implemented in Bitcoin. They have created this limitation, so that the difficulty cannot spike very high too fast, because that might make mining very unprofitable in an instant, which causes many miners to shutdown, leaving the difficulty sky-high waiting for the next re-target. The next re-target will take very long obviously, due to the high difficulty and all the hashpower that left, since it retargets every so many blocks.

[roy7]

Difficulty just went up guys!

It's now 1.

Wish I was home earlier to do some crazy farming for fun. Alas. Home now though. Just gotta get my blockchain downloaded, and/or the server compiled on my pool server.

[Mushoz]

Can someone explain one thing if i mine via p2poll i have to keep CHNCoin-qt.exe open? or i can close it?

If you are running a P2Pool node yourself, you will have to leave it open. If you are connected to another P2Pool (Such as Bob's), then it's safe it close CHNCoin-qt.

[gpudude]

2.6MH @ chn.bounceme.net:44397

Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer

[tidus_13]

Can someone explain one thing if i mine via p2poll i have to keep CHNCoin-qt.exe open? or i can close it?

If you are running a P2Pool node yourself, you will have to leave it open. If you are connected to another P2Pool (Such as Bob's), then it's safe it close CHNCoin-qt.

Thanks dude

[noyvpom]

Difficulty just went up guys!

It's now 1.

I'm not at home to look at my mining PC. Has this new difficulty slowed the block rate at all? it was .6 when I left the house I think, and it was around 3 sec / block so I'm thinking it hasn't helped much

[Mushoz]

2.6MH @ chn.bounceme.net:44397

Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer

The wallet doesn't connect to a pool, a mining program does. Now you could use the build-in mining program in the wallet client, but it's not very fast. Since he has a lot of hashpower, he's probably using CGminer or some other mining program.

[gpudude]

2.6MH @ chn.bounceme.net:44397

Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer

The wallet doesn't connect to a pool, a mining program does. Now you could use the build-in mining program in the wallet client, but it's not very fast. Since he has a lot of hashpower, he's probably using CGminer or some other mining program.

Ok thanks

I just wondered why it says mined rather than transferred from a pool ??

By it saying mined I thought it looked like its been solo mined or done through the wallet client itself.

[Doono]

anyway to determine the network hashrate? I tried using the qt console but I get numbers like 550MHps which seems crazy for such a new coin

[noyvpom]

http://s1.postimg.org/gh5yd1lez/cnc1.jpg

2.6MH @ chn.bounceme.net:44397

Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer

The wallet doesn't connect to a pool, a mining program does. Now you could use the build-in mining program in the wallet client, but it's not very fast. Since he has a lot of hashpower, he's probably using CGminer or some other mining program.

Ok thanks

I just wondered why it says mined rather than transferred from a pool ??

By it saying mined I thought it looked like its been solo mined or done through the wallet client itself.

p2pools show up as mined. It confused me too yesterday when I started to get heaps of .01 transactions when bob got his pool back up

[Mushoz]

2.6MH @ chn.bounceme.net:44397

Hi how are you connected to that pool? Looks like via the wallet ?? Or are you using cgminer

The wallet doesn't connect to a pool, a mining program does. Now you could use the build-in mining program in the wallet client, but it's not very fast. Since he has a lot of hashpower, he's probably using CGminer or some other mining program.

Ok thanks

I just wondered why it says mined rather than transferred from a pool ??

By it saying mined I thought it looked like its been solo mined or done through the wallet client itself.

By mining via P2Pool, a similar transaction that's created when solomining will be created when a block is found. Rather than sending the reward to one address as is the case when solomining, the reward is sent to all participants that helped finding the block for the pool (to everyone who submitted valid shares).

[paul21]

Is there demand for a mmcfe/PPLNS pool still? I can hack one together if people are interested.

[Fernandez]

Is there demand for a mmcfe/PPLNS pool still? I can hack one together if people are interested.

Of course!!

[noyvpom]

Is there demand for a mmcfe/PPLNS pool still? I can hack one together if people are interested.

There will be once the block actually get to 60 seconds, in a month or two haha

[Radacoin]

Mined blocks are not getting confirmed anymore. Is there something wrong with the CHNCoin network?

[fendlestick]

nope mine are still confirming. I think one went grey a few hours ago and vanished but thats it.

[Radacoin]

nope mine are still confirming. I think one went grey a few hours ago and vanished but thats it.

After I restarted the client the confirm.

Strange. I had the client running on two machines - and both had the issue.

[fendlestick]

aye if you close the client for like only a second and re-open there is a gazillion blocks to sync lol its a bit ridiculous really and bound to be bug out.

[noyvpom]

nope mine are still confirming. I think one went grey a few hours ago and vanished but thats it.

After I restarted the client the confirm.

Strange. I had the client running on two machines - and both had the issue.

Yeah my client did the same yesterday