[FRC] - Difficulty Adjustment fork SUCCESSFUL!

[Bicknellski]

No but just 6 blocks to go (well 5 really cause blocks 31-35 will be slow and 36 will have the new difficulty and thus be profitable).  So just a day to go at this rate.

cool, what pools u guys use? coinotron ?

http://www.freicoin.org/mining-pools-list-for-frc-t251.html

Mining Pools List for FRC
by Bicknellski » Sun Apr 21, 2013 11:45 am

Active Pools

http://pool.freico.in:9638/
https://www.coinotron.com/
http://freipool.com/
http://2coin.org
https://www.multipool.in
http://frcpool.com:9638 (NEW POOL frcpool-com-mining-pool-now-available-t368.html#p3780)

Proposed & Beta Test Pools

http://pool.cr.rs [Open Beta]

Closed Pools

http://openp2pool.com [Closed]


Questionable Pools

[SCAM WARNING] http://frc.vpool.us/about https://bitcointalk.org/index.php?topic=158267.40
FRC vpool and all other vpools seem to have issues in terms of it's developers ability to pay out correctly either purposefully or intentionally. Be warned. There are excellent reputable pools listed above so use those before Vpool. You have been warned.

Start your own Pool

If anyone else wants to run their own p2pool instance, the code is hosted on github:

https://github.com/freicoin/p2pool

Pool API's

API's for your pools please post here in this thread so those who make block explorers for Freicoin like this: http://1.cr.rs/ they can add your pool to the graph. Thanks.

[Bicknellski]

4 blocks left

Oooooooh sooooooo close!

[Bicknellski]

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?

[jtmart007]

Someone didn't like us stickied, yet FTC is stickied?

[Bicknellski]

Someone didn't like us stickied, yet FTC is stickied?

I guess we are just not worthy of the being sticky.

[jtmart007]

It just means more for us to mine when the dif adjust hits. Carry on people.

[ehoffman]

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?

[jtmart007]

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.

[Mike270]

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)

[ehoffman]

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...  

[jtmart007]

Yes, since blocks are coming so slow atm it is acting that way. It is "up-to-date" though, don't worry.

[Bicknellski]

I think Mollycat jinx the chain in FRC... no more blocks found since:

28,331   Done   Molly   2013-05-22 08:35:03 AM

http://frc.cryptocoinexplorer.com/chain/Freicoin

[Impaler]

No fear Bick, 32 and 33 just came in at just a little over an hour apart.  Now just 3 blocks to go.

[DeadEyeCool]

Woot! Go Freicoin go!

[Bicknellski]

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.

[ehoffman]

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!

[Mike270]

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 :-)

[Bicknellski]

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!

[ehoffman]

I started solo mining, let's hope I find 28336.  There's a bounty too as mentioned in a prior post  

[ehoffman]

Just 1 more to go...