[ANN] Extremecoin (EXC) - MANDATORY UPGRADE VERSION 1.5 (Kimoto Gravity Well)

[artiface]

You still might want to look at the way difficulty re-adjusts.  I'm not sure what can be done about it, but right now the difficulty is really high 93.7255, been stuck on the last block for over 10 hours.   Extremecoin was on top of coinchoose for a while lastnight because low difficulty and the value has gone up a little, so a bunch of hashrate got added to the network, until the difficulty went way up, then everyone jumped off, now its so high the normal network can't handle it, certainly not in the 2 minute block timeframe. 

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[pliznau]

You still might want to look at the way difficulty re-adjusts.  I'm not sure what can be done about it, but right now the difficulty is really high 93.7255, been stuck on the last block for over 10 hours.   Extremecoin was on top of coinchoose for a while lastnight because low difficulty and the value has gone up a little, so a bunch of hashrate got added to the network, until the difficulty went way up, then everyone jumped off, now its so high the normal network can't handle it, certainly not in the 2 minute block timeframe. 

just mine it.

[ajqjjj]

Where is my balance? I have one day in CoinEX undermining EXC. As the coins that I have?

[artiface]

Where is my balance? I have one day in CoinEX undermining EXC. As the coins that I have?

Once they get confirmed they should show up in Coinex under Account -> Balances.

[Petr1fied]

You still might want to look at the way difficulty re-adjusts.  I'm not sure what can be done about it, but right now the difficulty is really high 93.7255, been stuck on the last block for over 10 hours.   Extremecoin was on top of coinchoose for a while lastnight because low difficulty and the value has gone up a little, so a bunch of hashrate got added to the network, until the difficulty went way up, then everyone jumped off, now its so high the normal network can't handle it, certainly not in the 2 minute block timeframe. 

Retargets every single block with +/- 400% and only the timespan it took to solve the last block makes it extremely easy for it to get diff locked when massive hash descends upon it.

[pliznau]

Some speculation on the price when the reward will drop?

[artiface]

From the jump in buy orders the last couple days seems like some people think it will go up when mining rewards stop.  I think it depends on if some exc services start popping up, at least some dice, block explorer, etc..

[CaptChadd]

Hi everyone,

OK so I am back to work again now so I will be detailing the code changes to Extremecoin and will begin the steps from tomorrow.

The first is to merge the pull request or at least make the changes that the community on this thread would like; the first being to get the client syncing and downloading the blockchain from any client including new ones, this is a must.

The second will be to set a time to change the difficulty calculation to either match what was originally planned on the OP or to come to an agreement here on what diff code would be best for a coin of this nature.

The block reward drop is drawing closer, loads of users are mining and hardly anyone is selling anywhere near the amount mined, which means massive hoarders and all these hoarders are going to want to make profit or be able to spend their Extremecoin's and it is my job to make both of these possible.

One thing everyone needs to be aware of is that I have already contacted a lot of website owners to consider adding EXC and most if not all want to see what happens after the drop, I guess they worry they might take on EXC for it's value suddenly drop once the reward drops to 1.

In my eyes, the reward drop suddenly makes this coin rare but the value of EXC must rise enough to make mining 1 EXC plus fee's worth a miners time else a risk of attack becomes an issue.

Pool wise CoinEX.pw has been totally solid and a great place to mine, I use it all the time and is also a great place to trade EXC, so if you have not checked it out yet, you really must.

So to sum up, I know what I need to do to get the client syncing and download the chain again but I would like a general agreement of what the difficulty adjustment code should be, as this will need a hard fork no doubt and I want this one to happen without any problems and be planned well in advance.

Thanks everyone.

[artiface]

I like what you've committed to github. Back on target for 2 minute blocks and 4 block retargets. That with the 4 block lookback for retargeting should help with getting difficulty stuck. 

[CaptChadd]

I like what you've committed to github. Back on target for 2 minute blocks and 4 block retargets. That with the 4 block lookback for retargeting should help with getting difficulty stuck. 

Yeah I backed up a little on the merge, just so I can get the sync issue fix first and then will set a date for the hark fork so everyone has enough time to upgrade.

The sync fix will be in the next upgrade version 1.3 and then after a set period of time version 1.4 with the hard fork will be released.

Petr1fied should get the credit for this fixes, some great work from him and he has help the coin loads with these essential fixes.

It will also help my efforts to get Extremecoin onto some decent services.

[CaptChadd]

Hi everyone,

Please upgrade to the new client Version 1.3

This upgrade fixes the blockchain download issue, now all client can download the blockchain from scratch.

It also adds another checkpoint.

Extremecoin Version 1.3 Download Link : https://www.dropbox.com/s/clfsovw2e1t9w5u/Extremecoin_V_1.3.zip

Thanks

[captainfuture]

coinEX updated:

https://coinex.pw/mining/pools/EXC

[CaptChadd]

coinEX updated:

https://coinex.pw/mining/pools/EXC

How fast was that!!

Simply amazing.

Thanks CoinEX!

[girlfawkesy]

I like what you've committed to github. Back on target for 2 minute blocks and 4 block retargets. That with the 4 block lookback for retargeting should help with getting difficulty stuck. 

This. I wish there was a way to actually target difficulty based on profitability rather than simple hash load. It would certainly help with price adjustment following the reward drop. At that point people who are mining it heavily will likely already be large holders.

[CaptChadd]

Is everyone finding the new client ok for downloading the blockchain?

I have had no complaints so far.

[girlfawkesy]

No issues here

[CaptChadd]

Extremecoin now on another service website.

http://www.cryptocoincharts.info/

[pliznau]

I like what you've committed to github. Back on target for 2 minute blocks and 4 block retargets. That with the 4 block lookback for retargeting should help with getting difficulty stuck. 

This. I wish there was a way to actually target difficulty based on profitability rather than simple hash load. It would certainly help with price adjustment following the reward drop. At that point people who are mining it heavily will likely already be large holders.

i think it doesn't matter. If it's going to have a good price it will be dumped. But after it will settle. Thanks chad and petr1fied.

[CaptChadd]

We really need a block explorer for EXC. I have been emailing and promoting this coin all day and will do again tomorrow but we need a decent block explorer so people can track payments.

Can anyone in the community set one up for Extremecoin or add it to there block explorer website?

Thanks

[artiface]

I'm working on the block explorer right now.  

http://exc-blocks.pw

not quite finished but it works to explore the blocks at least.. Just need to get the logos and css file updated.