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Bicknellski
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May 22, 2013, 02:02:45 PM |
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4 blocks left
Oooooooh sooooooo close!
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Bicknellski
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May 22, 2013, 02:22:33 PM |
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how is this stickied?
I tend to sticky threads such as these when people need to know about a mandatory update by a certain time. It will be unstickied after block 28476. By the way, what block is FRC on now? Huh... we were unstickied before the fork happened... can we get stickied again?
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jtmart007
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May 22, 2013, 03:09:38 PM |
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Someone didn't like us stickied, yet FTC is stickied?
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Bicknellski
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May 22, 2013, 03:31:30 PM |
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Someone didn't like us stickied, yet FTC is stickied?
I guess we are just not worthy of the being sticky.
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jtmart007
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May 22, 2013, 03:32:17 PM |
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It just means more for us to mine when the dif adjust hits. Carry on people.
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ehoffman
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May 22, 2013, 03:49:16 PM |
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Humm, maybe I'll switch to it... Adding 3.54GH/s
But the thing is that as long as profitability doesn't get above BTC, people will not jump in. 4x the rate of finding blocks still make it for a slow blockchain. I'm not sure I understand this new algo completely, but from what I understand, retarget every 9 blocks, using a filter over the last 144 blocks. So, if hashing stay low, with the difficulty change limit of +/- 1.055x every 9 blocks, we may still halve difficulty every 117 blocks (and double profitability), right?
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jtmart007
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May 22, 2013, 04:14:32 PM |
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Think about it this way. Current net hash is around 50ghash average and after new filter is in place the dif drops immediately 1/4 making the optimal net hash 250ghash as opposed to somewhere over 1thash. This would bring block times down to about 50 minute blocks on average if we sit at 1/5 recommended network hashrate (50 now to the new 250 optimal) and that will drop 5%ish every 9 blocks until the dif meets net hash to get 10 minute blocks cranking out.
And when the dif drops to 1/4 of what it is now, the profit calculator on dustcoin will show near 85% profitability due to new lower mining dif. As the dif further lowers to adjust to net hash the profitability will continue to rise along with more miners coming back to the network and hopefully the price for FRC increases as it becomes traded more again.
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Mike270
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May 22, 2013, 04:33:05 PM |
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And when the dif drops to 1/4 of what it is now, the profit calculator on dustcoin will show near 85% profitability due to new lower mining dif. As the dif further lowers to adjust to net hash the profitability will continue to rise along with more miners coming back to the network and hopefully the price for FRC increases as it becomes traded more again.
..unless something like with BitBar happens that I'm looking at closely since a few days, as it is comparable to Freicoin insofar, as that it seems to have the most advanced (imho) diff adjust filter at the moment (we need to see how freicoin's will perform). There was a huge hype when it entered exchanges, then it was dropped and difficulty was slowly adjusting. Ever since diff adjust cause profitability to enter the 100-110% range, exchange rates seem to slowly but steadily drop (at least until today, might be a reversal coming up imho), "magically" keeping profitability in that range, almost as if some solo miner (one can see that the percentage of blocks via the largest bitbar pool was also sloly going down from >80% to just slightly above 70% during that time) with a few bitbars/bitcoins to spare (for price manipulation) just wanted to quietly hash along without other miners that decide purely upon profitability what to mine to notice. (Just my 5ct, not an investment recommendation, and YES, I'm mining BitBars with my GPUs whereas my FPGAs go to Freicoin) So I think it's good to have an eye open to what happens in the BitBar area as it may well teach us things for Freicoin (and vice versa)
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ehoffman
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May 22, 2013, 04:36:14 PM |
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Ok, thanks, that's how I understood it I updated my Freicoin client too. It updated the chain and it's staying "out of sync" but from what I read, it may just be because the last block date from too long...
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jtmart007
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May 22, 2013, 04:49:05 PM |
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Yes, since blocks are coming so slow atm it is acting that way. It is "up-to-date" though, don't worry.
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Impaler
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May 23, 2013, 07:08:22 AM |
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No fear Bick, 32 and 33 just came in at just a little over an hour apart. Now just 3 blocks to go.
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DeadEyeCool
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May 23, 2013, 07:24:21 AM |
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Woot! Go Freicoin go!
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Bicknellski
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May 23, 2013, 09:23:32 AM |
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No fear Bick, 32 and 33 just came in at just a little over an hour apart. Now just 3 blocks to go.
Current Block 28,333 Imp! I fear... I fear.... I fear we are almost CLEAR! I am predicting... I will find Block 28,336.
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ehoffman
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May 23, 2013, 09:54:00 AM |
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No fear Bick, 32 and 33 just came in at just a little over an hour apart. Now just 3 blocks to go.
Actually, there's just 2 more to go. Block 36 will be under the new scheme, with lowered difficulty needed to find it Run FRC, run!
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Mike270
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May 23, 2013, 10:01:57 AM |
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Actually, there's just 2 more to go. Block 36 will be under the new scheme, with lowered difficulty needed to find it Thanks for the answer to the question I was just about to ask :-) BTW, there's a transaction with a fee of 200FRC for whoever mines the block where it'll be included :-)
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Bicknellski
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May 23, 2013, 10:10:26 AM |
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Actually, there's just 2 more to go. Block 36 will be under the new scheme, with lowered difficulty needed to find it Thanks for the answer to the question I was just about to ask :-) BTW, there's a transaction with a fee of 200FRC for whoever mines the block where it'll be included :-) Nice add on Mike.... Thanks eHoff 28,335 is the one I'll find... Hope I didn't jinx myself LOL! I bet I find 28,336 for sure!
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ehoffman
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May 23, 2013, 10:25:03 AM Last edit: May 23, 2013, 10:55:14 AM by ehoffman |
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I started solo mining, let's hope I find 28336. There's a bounty too as mentioned in a prior post
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ehoffman
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May 23, 2013, 10:53:37 AM |
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Just 1 more to go...
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