[ANN][CRC] Craftcoin - Portable Minecraft Game Currency w. Economy Plugin

[Blindfolded]

I've got about 100 crc and am getting ready to send them over to the Minecraft server.

Does Spendlitecoins receive from cryptsy without issue or do I need to download a wallet and make it the middle man?

Spendlitecoins can accept deposits from any source

[Digi7ech]

How is the diff going up when there is only 4-5 MHs on this coin?

other coins in this hash range are .2-.3

The diff is now 2.3

This is a real killer to the coin.

http://crc.scryptmining.com hasn't found a block in a while. Are there any other pools with more than one person in it?

[TierNolan]

How is the diff going up when there is only 4-5 MHs on this coin?

The diff changes every 12 blocks (1 hour on average). 

When it drops, it gets hammered by a coin switching pool.  This pushes the difficulty back up.  New blocks can happen every few seconds.

Once the difficulty rises, those pools switch away.

At Block 15000, the system changes slightly.

Currently, it just uses the last 12 blocks to do the retarget.  After block 15000, it will use the last 72 blocks (so 6 hours), but will still re-target every 12 blocks.  That should smooth things out more.

[Blindfolded]

How is the diff going up when there is only 4-5 MHs on this coin?

The diff changes every 12 blocks (1 hour on average). 

When it drops, it gets hammered by a coin switching pool.  This pushes the difficulty back up.  New blocks can happen every few seconds.

Once the difficulty rises, those pools switch away.

At Block 15000, the system changes slightly.

Currently, it just uses the last 12 blocks to do the retarget.  After block 15000, it will use the last 72 blocks (so 6 hours), but will still re-target every 12 blocks.  That should smooth things out more.

Also I have looked at options, and the solution you have submitted seems to be the best fix. The longer I observe the coin, the more I am convinced that the changes you proposed are the perfect fit. There could be an update in the next couple days.

[TierNolan]

Also I have looked at options, and the solution you have submitted seems to be the best fix. The longer I observe the coin, the more I am convinced that the changes you proposed are the perfect fit. There could be an update in the next couple days.

Cool.  It would be really interesting to see how the system works in practice.  It is fair to miners, but gives a lower variance in time between blocks.

Don't forget you need to change the COINFIX1_BLOCK value.  It has to be in the future, so 10000 will not work anymore.

[Digi7ech]

I just saw why it's like that. CRC mining pool was just me, then the diff readjusted to around 1 and about 18 people jumped in. About 3-4 of them are hasing at 4-7MHs each. No wonder it bounces. Heavy hitters jumping in and then killing the diff and bouncing on the coin till the low guys work it back down.

Hopefully the larger diff adjustment will smooth it out.

[like]

The coin price is already high, now to 0.0004BTC, the lowest in history is 0.0001BTC, rose four-fold

[like]

CRC is not mine pond dug coins, and how this happened?

[rascal777]

Ok, Here should be the Fix.  I don't know if this has been fixed yet, but what do you think of this:  

I got this idea elsewhere in the forum, I don't remember where:


Assumption 1:  The coin should retarget difficultly normally how often?  Say every 24 hours.

Fix:  If the difficultly had not re-targeted in 4x the expected time(in this case, 4 Days) then change difficulty (even for current block)

A modification to this would be if the Coin has a High difficulty and 1/4 of the blocks have not been solved in the expected retarget time, then change difficulty.

[Mike18feb]

Owww, cryptsy.com shows this message for craftcoin: "Due to inactive developers and low hashrates, this coin will be delisted from the market on Oct 1st, 2013. Wallets will remain open indefinately."

[rascal777]

I'm not worried about that too much.  All the others I dumped, but I think that craftcoin, if it is developed properly and becomes popular as a currency in minecraft, then it will be a very successful coin.

[Digi7ech]

Yeah, the cryptsy news sucks.

It looks like it's listed on Coins-e so it's not totally dead in the market.

Just sucks to see it removed. There's a lot more useless coins on there. This one has a real use unlike most of the copies which are hype pump and dumps

[MessyCoin]

Well it would be great to see the developers paying some attention to the coin. It took over 2 hours for my transfer to get 6 confirms yesterday (I believe this was the coin and not Cryptsy). Also I do not see that many Minecraft servers have implemented Craftcoin as yet. it would be great to see things turn around and have some sense that the developers were gradually improving it.

[rascal777]

Cryptsy has announced that they are keeping this coin.

Also.  Is anyone here playing minecraft and using the currency?  If this currency gets accepted as the best economic plugin, that would be huge.

I would market it in minecraft, but I don't play the game.

[Blindfolded]

Cryptsy has announced that they are keeping this coin.

Also.  Is anyone here playing minecraft and using the currency?  If this currency gets accepted as the best economic plugin, that would be huge.

I would market it in minecraft, but I don't play the game.

There are 3 that I know of currently - But only 1 that is designed / maintained at what I would call a professional level. I'm not trying to be bias because it is my server, its simply that we have designed our server with specifically this type of economy in mind. The others seem retrofitted and/or half-baked at this point.


You should log in at smp1.spendlitecoins.com and give it a try. We have a healthy economy, and a good group of players.

[Bonz]

You should log in at smp1.spendlitecoins.com and give it a try. We have a healthy economy, and a good group of players.

we also have my shop... you should buy some stuff =D

[Bonz]

Cryptsy has announced that they are keeping this coin.

Also.  Is anyone here playing minecraft and using the currency?  If this currency gets accepted as the best economic plugin, that would be huge.

I would market it in minecraft, but I don't play the game.

where did they say that because it is still saying they are removing it come oct 1st

[Mike18feb]

Cryptsy has announced that they are keeping this coin.

Also.  Is anyone here playing minecraft and using the currency?  If this currency gets accepted as the best economic plugin, that would be huge.

I would market it in minecraft, but I don't play the game.

where did they say that because it is still saying they are removing it come oct 1st

Where do you see that? The cryptsy CRC pages don't show the message of pending doom anymore. It's also not colored red like the others that are still being kicked. From where I'm sitting it's simply looking good

[CartmanSPC]

BigVern posted on Twitter that it was not going away.

[ashleysly]

Since the plugin doesnt work anymore for minecraft, how do I actually go about with BOSEconomy with the deposit and withdrawals?