GoldCoin™ (GLC) Thread - The Gold Standard of Digital Currency [OFFICIAL THREAD]

[Spidersbox]

it seems the are a very high amount of orphans now. i may have to remove goldcoin for the time being. in 14 hours i've gotten a total of almost 200 orphans

maybe on a wrong fork ??
looks like coinwarz is.  Block count and Difficulty is different than my wallet and gld.cryptocoinexplorer.com

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[bitkokos2]

Hi
New GLDer here.
I have tried to mine GLD on hash-to-coins for 2-3 hours and received nothing. I expected around 18-27 coins

[wolverine5pl]

Hi
New GLDer here.
I have tried to mine GLD on hash-to-coins for 2-3 hours and received nothing. I expected around 18-27 coins

go to transactions and see how many orphans you had, i have up this coin. not profitable. more than half of your hashrate is wasted.

[MicroGuy]

Hi
New GLDer here.
I have tried to mine GLD on hash-to-coins for 2-3 hours and received nothing. I expected around 18-27 coins

go to transactions and see how many orphans you had, i have up this coin. not profitable. more than half of your hashrate is wasted.

This is related to Goldcoin's 51% defense system. When large amounts of hashpower are dumped onto the network, Goldcoin's 51% defense system engages. The result is orphans. If you will notice the network hashrate is much lower than the pool's hashrate.



The network hashrate reported by the client is the actual hash power being utilized, the rest is being rejected by the network in the form of orphans. My understanding is that once these large variations in network hashpower subside, so will the orphans.

[bitkokos2]

Hi
New GLDer here.
I have tried to mine GLD on hash-to-coins for 2-3 hours and received nothing. I expected around 18-27 coins

go to transactions and see how many orphans you had, i have up this coin. not profitable. more than half of your hashrate is wasted.

duh, after so many hours I see the GLD in my account. I couldn't even see them as unconfirmed. now they are in my balance

[infernoman]

There is much more going on than a 51% system, that many orphaned blocks, when large amounts of hash is put on the network is unacceptable. the difficulty does not rise properly when a large amount of hash is put on the network, and i had over 12 hours of stable hashing since GLD was the "most profitable". There are still some issues that need to be resolved IMO. Also i run a headless client on linux, so there is no transactions tab. but i can tell you that i know i am tracking everything properly.

[MicroGuy]

There is much more going on than a 51% system, that many orphaned blocks, when large amounts of hash is put on the network is unacceptable. the difficulty does not rise properly when a large amount of hash is put on the network, and i had over 12 hours of stable hashing since GLD was the "most profitable". There are still some issues that need to be resolved IMO. Also i run a headless client on linux, so there is no transactions tab. but i can tell you that i know i am tracking everything properly.

This has been the designed behavior for nearly 2 years. That's why every multi-pool dropped GLD in 2013.

There are plenty of posts about this from Akumaburn both here and on the Goldcoin forum.

[akumaburn]

There is much more going on than a 51% system, that many orphaned blocks, when large amounts of hash is put on the network is unacceptable. the difficulty does not rise properly when a large amount of hash is put on the network, and i had over 12 hours of stable hashing since GLD was the "most profitable". There are still some issues that need to be resolved IMO. Also i run a headless client on linux, so there is no transactions tab. but i can tell you that i know i am tracking everything properly.

This has been the designed behavior for nearly 2 years. That's why every multi-pool dropped GLD in 2013.

There are plenty of posts about this from Akumaburn both here and on the Goldcoin forum.

Yep, Hence why you cannot profit on us like that. You can however, mine us for several days or more, in which case the difficulty will adjust and the number of orphans will drop steadily.

In other words, in order to get rid of the orphans, you need to mine for a prolonged enough period of time, to cause the network difficulty to rise such that it matches the new true network hash rate..

Which means, if you're only here to mine when the difficulty is to your dumping benefit. You will not make any profit.

I understand this is troubling, especially for those who do wait, who find themselves getting orphans anyways because a large amount of hash power has tried to metaphorically dominate the network.. but the alternative is giving difficulty control to those who mine only to dump. Which in my opinion is worse than a few orphans. Think about it, in our scenario you get some orphans, in an ordinary scenario difficulty sky rockets (you can't even get a block, let alone an orphan), and you end up with some pretty risky scenarios with network difficulty control going to whomever decided to point their multi-pool at GLD for the day.

As regards to the github having "rundeps" and "builddeps" in it. No I'm not getting rid of them. There is a branch specifically for people not looking for development related dependencies. It's called barerepo and you will find it on the GoldCoin (GLD) GitHub page.

As towards the POS/POW argument, you can read my reply to "Samurai" here: https://www.gldtalk.org/index.php?topic=3222.msg14283#msg14283

[hdmediaservices]

Cryptsy is having issues with GLD (and you cannot make deposits or withdrawals):

We are currently experiencing a problem with GLD chain and we are still waiting
for a fix from the coin's development team. Unfortunately, we do not have an ETA
as to when the coin will be back online yet. However, I can send you a note as soon
as it is up.

Any idea what is up?

[nzgrant]

Is Cryptsy going to dump GLD??

I have been unable to deposit GLD for days.  Does anyone know whats up ?

[hdmediaservices]

I'm starting to think mining this coin may have been a complete loss.

[MicroGuy]

Is Cryptsy going to dump GLD??

I have been unable to deposit GLD for days.  Does anyone know whats up ?

As I mentioned a little earlier, anytime a coin has a fork, Cryptsy puts the wallet into maintenance mode.

I'm in contact today with the Cryptsy technical team and they're in the process of updating their gateway wallet to the latest version.

[hdmediaservices]

So why do they tell me that they are having issues?

Again they say:

We are currently experiencing a problem with GLD chain and we are still waiting
for a fix from the coin's development team. Unfortunately, we do not have an ETA
as to when the coin will be back online yet. However, I can send you a note as soon
as it is up.

[nzgrant]

Is Cryptsy going to dump GLD??

I have been unable to deposit GLD for days.  Does anyone know whats up ?

As I mentioned a little earlier, anytime a coin has a fork, Cryptsy puts the wallet into maintenance mode.

I'm in contact today with the Cryptsy technical team and they're in the process of updating their gateway wallet to the latest version.

Thanks for that MicroGuy

Lets hope we get onto some more exchanges soon.

[MicroGuy]

Thanks for that MicroGuy

Lets hope we get onto some more exchanges soon.

Cryptsy is the gold standard of altcoin exchanges but it would be nice to have GLD on another exchange or two.

We have a paid position open for the role if anyone is interested: https://www.gldtalk.org/index.php?topic=3186.0

---

EDIT: The Cryptsy Goldcoin wallet is now out of maintenance mode and ready for your pleasure!  

[smarterhash]

We are still having a problem with the slowness of the new wallet and the developer has never gotten back to me about this problem.

it may be fine for solo mining but under stress it's very slow.

regards

[hdmediaservices]

No wallet issues on hash-to-coins.com  --  working like a charm!

[MicroGuy]

We are still having a problem with the slowness of the new wallet and the developer has never gotten back to me about this problem.

it may be fine for solo mining but under stress it's very slow.

regards

Our developer has reviewed your email and concluded that nothing in the latest update could be causing your issue. There are no other reports from any pool, exchange, or related service provider.

If you think you've found a bug, we kindly ask that you report it here: https://www.gldtalk.org/index.php?board=27.0

[coinerer]

250 MB is too much for the mix of source code, some dependancies and .exe. All of that is not necessary. We need clean goldcoin source only.

Remove subfolders:

BuildDeps
RunDeps

from github sources.

[MicroGuy]

250 MB is too much for the mix of source code, some dependencies and .exe. All of that is not necessary. We need clean goldcoin source only.

Remove subfolders:

BuildDeps
RunDeps

from github sources.

We have this: https://github.com/goldcoin/gldcoin/tree/barerepo

Is that okay? I think some people might want the dependencies and others not. This way we have both.