Gold Coin

[Lauda]

All,
Ive installed GIT, GIT Extensions and have forked the trunk for myself to do as was mentioned above.

We all have allot invested in this, some have time, some have money, some have both.

As was suggested my goal is to alter the source to at least do the following.

Code:

Reduce block time from 2.5 to 1 min
Reduce diff correction interval  from 3.5 days to 6 hours
Reduce coins per block from 500 to 50

I have written about 150 lines of C++ code in my life but I will give this a shot.

If any devs out there are feeling gracious and want to provide any tips, hints, pointers and or suggestions our community would be grateful.

I'm not sure if reducing the coin per block is good now. New miners will get too little coin,compared to the past week and a half. Maybe only reduce it to 250.
The diff adjustment should be very low, 6 hours seems okay from the current one.

[1714026163]

1714026163

[seleme]

what's the confirmation time for this one?

Bought some on cryptsy and I thought this should be fast one but 0 confirmations in 10-15 minutes. It's very small transaction though, sent few coins home for testing.

[Lauda]

what's the confirmation time for this one?

Bought some on cryptsy and I thought this should be fast one but 0 confirmations in 10-15 minutes.

It is very quick... but not now. Due to the network hashrate being attacked the difficulty went up too much and it takes time for it to adjust. The adjust time should be lowered soon and we should see fast confirmations!

I don't need you to touch the code.  Any alterations not approved by me are not deemed official.  1 minute or less block time being of any worth is a myth.

If you try to run modified code on this network your IP(s) will be banned by the nodes FYI.  So do not experiment with it without generating your own genesis block, using your own ports, and you own IRC channel.  This is automated.

So are you making the changes right now? The difficulty has been a blocked for a while now..

[Lauda]

Any alterations of my project's that I don't approve, or the entire community doesn't approve, will not be tolerated.  What he will do is kill the robust network we have, while our wallets try to download his altered chain (just like the attacks we see from bad nodes).

If anyone wants me to change the structure of the code OR if anyone wants to be allowed to modified my project, and the community approves, just let me know.

I would imagine all of this came out while I was away (and some clown was using my account) this weekend, but just an FYI for the future.

I welcome another developer to take over development one day, or assist.  But it has to be someone we all agree on because bad things can be put into the code.

Yes yes!
We agree the diff adjustment time should be lower, much much lower, because right now the network is stuck on a too high difficulty because of a 2+ GH/s attack. I pm'd you where you could/should join as the majority of the supporters are there I think.
We urge you to join in on one of the 2 options that I provided, that is only if you want.

[Lauda]

what's the confirmation time for this one?

Bought some on cryptsy and I thought this should be fast one but 0 confirmations in 10-15 minutes.

It is very quick... but not now. Due to the network hashrate being attacked the difficulty went up too much and it takes time for it to adjust. The adjust time should be lowered soon and we should see fast confirmations!

I don't need you to touch the code.  Any alterations not approved by me are not deemed official.  1 minute or less block time being of any worth is a myth.

If you try to run modified code on this network your IP(s) will be banned by the nodes FYI.  So do not experiment with it without generating your own genesis block, using your own ports, and you own IRC channel.  This is automated.

So are you making the changes right now? The difficulty has been a blocked for a while now..

Making changes?  No, we aren't going to hard fork the chain because of the difficulty.  Mine the coin, and the difficulty should drop.  Block rewards are 500 - this was done so mining was worthwhile even at higher difficulties of 30, 40 , 50, etc  Eventually block rewards will only be 100.

You can't just change the difficulty and block times on a whim.  You have to hard fork the chain which can lead to disaster.  

Network hashrate jumped 2+ GH/s difficulty went up 7.xxx... Network hashrate went down to ~200 MH/s, you see where I'm going with this.
I know that I don't, not familiar enough with these things.. just saying what I saw/read from others. umm the forum

[erk]

Network hashrate jumped 2+ GH/s difficulty went up 7.xxx... Network hashrate went down to ~200 MH/s, you see where I'm going with this.
I know that I don't, not familiar enough with these things.. just saying what I saw/read from others. umm the forum

And when is the next difficulty re-target scheduled for?

[BitshireHashaway]

Ok. found the chatbox.

I would like the block reward to stay the same, I think its unfair to change it now, though I think the difficulty readjustment should be cut down to 4-6 hours.

[whitedragon]

Any alterations of my project's that I don't approve, or the entire community doesn't approve, will not be tolerated.  What he will do is kill the robust network we have, while our wallets try to download his altered chain (just like the attacks we see from bad nodes).

If anyone wants me to change the structure of the code OR if anyone wants to be allowed to modified my project, and the community approves, just let me know.

I would imagine all of this came out while I was away (and some clown was using my account) this weekend, but just an FYI for the future.

I welcome another developer to take over development one day, or assist.  But it has to be someone we all agree on because bad things can be put into the code.

Yes yes!
We agree the diff adjustment time should be lower, much much lower, because right now the network is stuck on a too high difficulty because of a 2+ GH/s attack. I pm'd you where you could/should join as the majority of the supporters are there I think.
We urge you to join in on one of the 2 options that I provided, that is only if you want.

You have no clue what your talking about, or whats involved.  This is NOT an easy thing to do.  With the attacks people have been trying for force a pre-mined 300K blockchain down are throats, this is suicide.

Again - the blocks are 500 so the mining could endure difficulty jumps way up to 100+.  This coin wasn't designed to be a get rich quick operation.

Good job defending your coin.  This community is a joke!  Crying about retarget times and trying to fork the chain when you have a difficulty of SEVEN??  And block reward of FIVE HUNDRED??  Pathetic.  Is this the first coin most of you have ever tried to mine?  If you are crying about a single digit difficulty on a coin that has a three digit block reward, you need a new hobby.  How do you expect anyone to take you seriously?

Why don't you guys create your own coin from your fork of gldcoin with a MAX difficulty of 1 and a block reward of 10,000 for every block.  Then you can all mine a couple hundred thousand coins per day on your cpu and sit around in your forum telling each other how much potential your worthless coin has in the future.

I'm sorry there are a few good ppl in here like kelsey and aziz1977 and a few others...but gldcoin, your "supporters" have been destroying you from the start.

[Lauda]

Like I said I'm just suggesting what I have read elsewhere. I don't know enough about the way the coin works to make my own sugestions. I'll admit it wasn't a good idea of us I guess. We were a bit suprised by you abandoning us.. luckily you didn't.
After all you are the dev, you should know better than most of us.

[kelsey]

Any alterations of my project's that I don't approve, or the entire community doesn't approve, will not be tolerated.  What he will do is kill the robust network we have, while our wallets try to download his altered chain (just like the attacks we see from bad nodes).

If anyone wants me to change the structure of the code OR if anyone wants to be allowed to modified my project, and the community approves, just let me know.

I would imagine all of this came out while I was away (and some clown was using my account) this weekend, but just an FYI for the future.

I welcome another developer to take over development one day, or assist.  But it has to be someone we all agree on because bad things can be put into the code.

Yes yes!
We agree the diff adjustment time should be lower, much much lower, because right now the network is stuck on a too high difficulty because of a 2+ GH/s attack. I pm'd you where you could/should join as the majority of the supporters are there I think.
We urge you to join in on one of the 2 options that I provided, that is only if you want.

You have no clue what your talking about, or whats involved.  This is NOT an easy thing to do.  With the attacks people have been trying for force a pre-mined 300K blockchain down are throats, this is suicide.

Again - the blocks are 500 so the mining could endure difficulty jumps way up to 100+.  This coin wasn't designed to be a get rich quick operation.

ok someone sensible is back in charge good work gldcoin. your reasoning for what you setup makes sense.

[kelsey]

Crying about retarget times and trying to fork the chain when you have a difficulty of SEVEN??  And block reward of FIVE HUNDRED??  Pathetic.  Is this the first coin most of you have ever tried to mine?  If you are crying about a single digit difficulty on a coin that has a three digit block reward, you need a new hobby. 

I'm no expert at mining but gotta say I agree with this.

[Professor James Moriarty]

 I dont care about the mining and all because I am not mining.

 What I care is the ones that are dumping coins , this is gonna hurt us all . I mean it is a steep fall from 18's to 11's which is a BIG fall when we are talking about 100k+ volume let alone millions changed everyday.

[Majormax]

 I dont care about the mining and all because I am not mining.

 What I care is the ones that are dumping coins , this is gonna hurt us all . I mean it is a steep fall from 18's to 11's which is a BIG fall when we are talking about 100k+ volume let alone millions changed everyday.

You should be mining.. maintains the network. Dumping of coins is temporary.

[OracionSeis]

Is this realiable currency ? Can we mine freely or not? Is this worth ?

[Majormax]

Crying about retarget times and trying to fork the chain when you have a difficulty of SEVEN??  And block reward of FIVE HUNDRED??  Pathetic.  Is this the first coin most of you have ever tried to mine?  If you are crying about a single digit difficulty on a coin that has a three digit block reward, you need a new hobby. 

I'm no expert at mining but gotta say I agree with this.

Agree as well.
You know where to find my other comments ?

[AZIZ1977]

Lets mine and buy some more GLD. We will survive this storm.

[Lauda]

Is this realiable currency ? Can we mine freely or not? Is this worth ?

Yes you can mine freely, join a pool.

[Hydroponica]

Is this realiable currency ? Can we mine freely or not? Is this worth ?

Have you read all the controversy, surrounding this coin? With all the other coins available right now, I'm sorry, but why even bother with this one? The ammount of time for Diff readustments, makes it obsolete, anyways.

[kr4x]

Is this realiable currency ? Can we mine freely or not? Is this worth ?

Have you read all the controversy, surrounding this coin? With all the other coins available right now, I'm sorry, but why even bother with this one? The ammount of time for Diff readustments, makes it obsolete, anyways.

coming from a looser coin hopper, hopping from one coin to another, stfu troll and move on

[tinus42]

 I dont care about the mining and all because I am not mining.

 What I care is the ones that are dumping coins , this is gonna hurt us all . I mean it is a steep fall from 18's to 11's which is a BIG fall when we are talking about 100k+ volume let alone millions changed everyday.

You should be mining.. maintains the network. Dumping of coins is temporary.

Some of us don't have fast computers. I have a 4 year old laptop with a GPU that isn't recognized (ATI 3200 HD). I get at best 40 KH/s out of the CPU. Tried mining GLD only a few hours after it was released and got nothing.

Or can you still help maintaining the network if you don't get any coins. I'd do it then. Been helping out with SETI@Home for years and I didn't do that to get money (well some galactic credits would be nice).