[ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013

[justover]

https://bitcointalk.org/index.php?topic=209508.msg2210081#msg2210081 is working well.

Yes it is working very well indeed.

If you do a bit of research, lowering the diff of shares in a P2Pool, doesn't do anything. Your mining client will show you sending shares, but the pool will automatically ignore shares, lower then the diff level it's looking for.
Trust me, you need a real pool, or your coin will stagnate.

Well whatever coins come into my wallet almost every minute so..........

Reliability is only criteria that matter. You're right...

[fenican]

As far as I can tell my p2pool is working fine.  I have an independent miner connected to it and the pool is paying immediately every time a block is discovered.

P2Pool stands for Peer 2 Pool, we shoud all have a P2Pool node and create a Pool.
I shouldn't connect to your, I don't know if this makes sense to you.
There is a huge rate of rejected and stales.

Not really ... Shares: 1801 total (0 orphaned, 71 dead) Efficiency: 103.3%

[baritus]

The main post is now updated again with a list of all the pools. All are functioning well.

[Hydroponica]

https://bitcointalk.org/index.php?topic=209508.msg2210081#msg2210081 is working well.

Yes it is working very well indeed.

If you do a bit of research, lowering the diff of shares in a P2Pool, doesn't do anything. Your mining client will show you sending shares, but the pool will automatically ignore shares, lower then the diff level it's looking for.
Trust me, you need a real pool, or your coin will stagnate.

Well whatever coins come into my wallet almost every minute so..........

Can only speak from experience. I can almost garentee, that this is not the case for a number of people, trying the P2Pool pools

[crypt0maniac]

If someone want to sell ther DGC, let me know - we can discuss about the price.

[baritus]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), the network scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

[MarKusRomanus]

Cryptcoins.net has a digital coin pool now, http://digi.cryptcoins.net

[Hydroponica]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?

[Hydroponica]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?

Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.

[techbytes]

If someone want to sell ther DGC, let me know - we can discuss about the price.

PM sent

-tb-

[Hydroponica]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?

Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.

Does the lack of response, mean noone knows the answer??

[baritus]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?

Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.

I like your questions.

The difficulty will drop back down depending on network hashrate relative to difficulty.

Since blocks are mined quickly(seconds), 1080 blocks will not take very long until an adjustment.

[schnebi]

Appended the following to difficulty section of the original post to better explain difficulty adjustment.

Every 1080 blocks (6 hours @ 20 seconds per block), it scales the difficulty accordingly. Example: If target is 6 hours and it took 3 hours to find 1080 blocks, difficulty will increase 200%.

And if 6 hours went by, and 1080 blocks hadn't been mined yet, difficulty would lower? Or would it wait until 1080 blocks were found, in say, 12 hours, and then retargeted?

Trying to get a grasp on the time based retarget, as a whole. From what I can gather, FTC desprately needs a retarget, but it's taking so damn long, to mine enough blocks, to get there, that it is dieing.

I like your questions.

The difficulty will drop back down depending on network hashrate relative to difficulty.

Since blocks are mined quickly(seconds), 1080 blocks will not take very long until an adjustment.

But I can see hydroponicas point. We've seen this before... A coin is hyped and the difficulty is going up very fast. Then, the coin becomes not profitable anymore, and everybody stops mining, so that the 1080 Blocks won't take 6 hours to mine, but eventually 60 hours, or 600 hours...

[crypt0maniac]

Do you remember when like CHN had like 9 Gh/s ? and after diffuculty adjustmene everyone abandoned the ship ?
What do you think will happen when similar scenario will repeat ?

[nearmiss]

scryptmining.com pool going down for a short period (hopefully less than 30min) for a minor adjustment that should increase the speed of payouts.  The website will remain up at all times and accessible for people to do what they'd like.  No transactions will be lost and everyone's money will continue to accumulate for already found blocks during the downtime.

Sorry for the inconvenience, hope we'll see you back at the pool when it returns!  Thanks everyone for your support.  

[baritus]

Some of the reasons those coins didn't succeed:

1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped

Why is digitalcoin different?

1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system

[centenary]

Some of the reasons those coins didn't succeed:

1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped

Why is digitalcoin different?

1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system

DigitalCoin won't succeed for a different reason.  The chosen block time is actually too short.  I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0

[baritus]

Some of the reasons those coins didn't succeed:

1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped

Why is digitalcoin different?

1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system

DigitalCoin won't succeed for a different reason.  The chosen block time is actually too short.  I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0

I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.

[fenican]

This is a strong coin.  It is the first one I took the time to create a pool for.  Good effort by the developer and a very fair start

[schnebi]

Some of the reasons those coins didn't succeed:

1. Some pre-mine or "test" mining.
2. Some difficulty 0 and had a lot of hardware ready with their insiders
3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed
4. Some only got mined at the beginning when it was easy and then they stopped

Why is digitalcoin different?

1. No pre-mine or any semblance of it.
2. Number 1 again.
3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate
4. It is more profitable to stay with digitalcoin due to the nature of the reward system

DigitalCoin won't succeed for a different reason.  The chosen block time is actually too short.  I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0

I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency.

I made a few pools yet. And no other coin before had such low orphan rates at low difficulty