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Author Topic: [ANN] 🥔🍅🥑 VEGGIE 🥕🍆🌽 A Cryptocurrency For The Animals! 🐮🐷🐔🐶🐱 [LIVE!]  (Read 23611 times)
kawaiicrypto
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March 09, 2018, 07:33:48 AM
 #361

I really idea behind this project! I have a question though..

Why did you choose to adjust difficulty every 72 blocks instead of every block?

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Oskii
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March 09, 2018, 08:02:44 AM
Last edit: March 19, 2018, 12:49:27 AM by Oskii
 #362

I really idea behind this project! I have a question though..

Why did you choose to adjust difficulty every 72 blocks instead of every block?


It's a good question. Originally we set the difficulty retarget to occur after 2 weeks roughly 1000 blocks, rather than 12 hours (72 blocks) There's pros and cons to any retarget time. Let's look at some examples of retarget times and their respective issues.

🥕2 week retarget time

Lets consider a network in its infancy. In fact, most vulnerabilities to attack with block difficulty only happen when the network hash rate is low, so when the network is new for example. If a malicious miner came in with a lot of hashing power, they could greatly increase the mining difficulty, making mining less attractive to normal miners. Then the other miners start to leave, as mining becomes less profitable. Then the attacker leaves.

What is left is an insanely high mining difficulty and nobody mining. So the 1000 blocks it would take to retarget the difficulty again are never mined and the network dies.

The devs saw an example of this in an altcoin who's devs we are close to. They had to spend a lot of money to hire GPUs just to mine enough blocks to retarget again. OUCH

🌽Retarget every block, 10 Minutes

You might have guessed the same problem can occur here. A powerful miner can attack the network with high hashing power for a short amount of time rendering the next block very high difficulty, as the malicious miner sustains the high block time, the smaller miners are not profiting and leave the network. A malicious miner can automate leaving and joining the network to optimise his reward

EDIT: This might actually be the best way, because to sustain a high difficulty, the malicious miner MUST mine consistently - as soon as he leaves, the block difficulty decreases

🥑12 hour retarget
A powerful miner would have to be committed to mining the Veggie network for 12 hours to drive up the mining difficulty, only then would he be inconveniencing the other miners. Then he only has a 12 hour window to mine profitably before the network rescales the difficulty. We think its sort of a sweet spot. A powerful miner would have to be mining most of the time to manipulate the network for their benefit, and not many of them do that
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March 13, 2018, 01:13:43 AM
 #363

I'm aware that a lot of you are waiting for the new mining wallet which will be an all-inclusive application that supports pool mining.

It's coming very soon. It's in its final stages of development now
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March 13, 2018, 02:37:49 AM
 #364

This new software update is huge, it'll allow anyone with a PC to Mine Veggiecoin without having to have any technical knowledge whatsoever
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March 15, 2018, 12:35:31 AM
 #365

Just paid for the listing of Veggiecoin on another exchange... Updates very soon (they say 1-2 week queue for listing!)
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March 15, 2018, 03:20:53 AM
Last edit: March 15, 2018, 04:19:56 AM by Oskii
 #366

We had a great level of support for our presentation at the blockchain centre in Melbourne last night. A really great crowd and lots of positive comments after the presentation. Thanks to all who attended Smiley

Video here: https://www.youtube.com/watch?v=EVPMeFTYz7Q&feature=youtu.be


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March 16, 2018, 03:38:53 AM
 #367

We will be running another airdrop on our Discord channel very soon! Make sure you hop onto our Discord and Twitter pages so you don't miss out.

https://twitter.com/Veggiecoin/
https://discord.gg/45Exxxw
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March 19, 2018, 12:46:20 AM
 #368

Would love to hear everyone's thoughts on potentially changing the block difficulty retarget to occur every block. It's a serious consideration for us right now
kawaiicrypto
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March 19, 2018, 01:24:56 PM
 #369

Would love to hear everyone's thoughts on potentially changing the block difficulty retarget to occur every block. It's a serious consideration for us right now

I am all for that change! Would make the network more usable and maybe attract more miners.

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March 19, 2018, 04:35:11 PM
 #370

Would love to hear everyone's thoughts on potentially changing the block difficulty retarget to occur every block. It's a serious consideration for us right now

I am all for that change! Would make the network more usable and maybe attract more miners.

Yes I think that's certainly likely
crypt0.zone
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March 21, 2018, 01:08:44 PM
 #371

Hi guys!

We have just added support for VEGGIE to our Crypto Mining Profitability Calculator: https://crypt0.zone/calculator/!

Feel free to send us some feedback.
We are open for all suggestions

Cool

Visit crypt0.zone/calculator/
Oskii
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March 21, 2018, 01:33:22 PM
 #372

Hi guys!

We have just added support for VEGGIE to our Crypto Mining Profitability Calculator: https://crypt0.zone/calculator/!

Feel free to send us some feedback.
We are open for all suggestions

Cool

Thanks for adding Veggie Smiley
fl32biz
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March 24, 2018, 10:16:01 AM
 #373

Hello, it is impossible to withdraw VEGI on southexchange.
Barnyard
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March 24, 2018, 04:19:31 PM
 #374

This will be fixed in the next couple days
moirahpascual11
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March 26, 2018, 04:51:46 AM
 #375

ooh i see,and ill be looking forward   to  show something in here,ill watch it more
Oskii
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March 28, 2018, 02:25:48 AM
 #376

ooh i see,and ill be looking forward   to  show something in here,ill watch it more

We're reaching the later stages of the fix now, so it won't be much longer
thepurplecrab
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March 28, 2018, 02:34:11 AM
 #377

Is this for real?  Grin
Oskii
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March 28, 2018, 03:18:13 AM
 #378

Is this for real?  Grin

Is what for real?
thepurplecrab
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March 30, 2018, 11:50:01 PM
 #379


Is Veggie similar to Dogecoin? Cheesy
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April 01, 2018, 03:29:42 PM
 #380

any pool to mine? Happypool - VEGI missed, altcoinpool - missed, webtop - Huh 8MHs sharerate. what a hell?
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