lynn_402
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August 03, 2014, 04:39:15 PM |
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A little late isn't this? what Scypt coins are even left.
Litecoin? If their pools implement it, it has the potential of bringing the security of about 95% of the total scrypt hashrate to Dogecoin. Much thanks to all devs ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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pawel7777
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August 03, 2014, 05:21:25 PM |
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Today marks an important day in the history of Dogecoin. We are here to announce that we will enable the Dogecoin blockchain to accept auxiliary proof of work from other Scrypt chains. As you all know, we've been looking into a lot of options. AuxPoW has been on the table for quite some time now and has been recently again discussed at length. We have also discussed many other options, some of them which are still highly theoretical, or just deemed to be in Alpha state. We didn't see them as viable for that exact reason. AuxPoW has been around in the crypto space for quite a while now. Our topmost priority has always been to provide a stable platform for the currency and its services and of course its users. We hope that with AuxPoW we can achieve that in a better way than what it currently is like. Our hashrate has been on a decline and we hope that we can gain more of it with the acceptance of proof of work from other chains. Yes, this does mean that we are going to fork. The exact switchover is yet to be determined but will happen sooner than later. This post is here to announce it early enough for everyone to prepare for the update. The code is currently in the late testing stage and we are working on ironing out the last small issues. We will also push a new branch to the [Github repo]( https://github.com/dogecoin/dogecoin) called `1.8-dev` which has the AuxPoW switch on the testnet set for block 158,100 (Tomorrow 6:30 GMT). The updated branch will be available later today, so keep an eye on the repo if you're interested. This will be done to help pool operators test the mining on the AuxPoW enabled chain in preperation of the switch on the main chain. If you know how to compile the client, then you can certainly help us by trying it out and even mine a bit with a few KH on the testnet. What you need to know, if you already have the testnet chain synced, is to start the client with `-reindex` the first time you run 1.8. This should be automated for the final so the transition will be as smooth as possible. What this does not mean is that we're tying us to Litecoin. What we do is accepting Proof of Work from their miners if they happen to hit our difficulty target. But that is technical background stuff, which was explained several times before here. On that note, and I'm no economist, I also don't see that have any negative effect on the price, considering the amount of "dumped" coins would probably not change. Also, you as miners are not forced to mine Litecoin to get Dogecoin now. You can still mine at your current pools directly to the Dogecoin network. The Android wallet and Multidoge will receive an update if needed. I'll have to dig into this now ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Please stay tuned for any updates. We'll be pushing them through all the channels. Thanks everyone for their continued support! -langer_hans More on reddit here: http://www.reddit.com/r/dogecoin/comments/2ci90m/dogecoin_to_enable_auxpow_soon_all_infos_inside/That sounds like a good news. But can anyone clarify, does it mean that Doge will be merge-minable? I understand that you can still mine Doge/LTC directly, but if the pool enables AuxPow is it possible to mine both at the same time?
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Hueristic
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August 03, 2014, 05:32:21 PM |
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A little late isn't this? what Scypt coins are even left.
Litecoin? If their pools implement it, it has the potential of bringing the security of about 95% of the total scrypt hashrate to Dogecoin. Much thanks to all devs ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) LTC has stated many times they will not hard fork.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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voephilis
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August 03, 2014, 05:51:42 PM |
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I think it`s not the right time to complain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The switch to merge mining shows that devs are working on the future of doge.
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Hueristic
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August 03, 2014, 05:58:25 PM |
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I think it`s not the right time to complain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The switch to merge mining shows that devs are working on the future of doge. So not agreeing is considered complaining now? This would have been great 2 months ago but it is too late right now to make a turn around IMO. It should allow the coin to maintain it's current position once there are some piggybackers. It's a shame the DEV's had less foresight then just about every other coin out there. This coin has the best community (except noble in my opinion:which is too small) and should be able to maintain for years to come. I just can't see this as being a move towards growth. I really have no faith in the DEVS. But I am still a bag holder because of the community. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Bit_Happy
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August 03, 2014, 11:52:01 PM |
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Doge broke out of the quiet period to the downside: This is when we separate the adults from the puppies. Are you buying (looking for the certain bounce up) or tucking in your tail and running away?
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BayAreaCoins
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August 04, 2014, 12:55:46 AM |
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I think it`s not the right time to complain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The switch to merge mining shows that devs are working on the future of doge. They are too late. I was telling this to Jackson months prior to C. Lee gave his 2 cents. GTFO while you still can. No offense to you DOGE holders, but hell... you are holding it for fun anyways who cares what the market is! For those of you who do care... I would say cut your losses and run.
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Bit_Happy
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August 04, 2014, 01:31:49 AM |
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.... For those of you who do care... I would say cut your losses and run.
You are a puppy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Seriously, the downside break is bad, but there WILL be a big % bounce up....learn from history.
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alani123
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August 04, 2014, 07:31:33 AM |
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I think it`s not the right time to complain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The switch to merge mining shows that devs are working on the future of doge. They are too late. I was telling this to Jackson months prior to C. Lee gave his 2 cents. GTFO while you still can. No offense to you DOGE holders, but hell... you are holding it for fun anyways who cares what the market is! For those of you who do care... I would say cut your losses and run. I don't think that the new update will do muck good n the price either. I feel like the developers tried to favor the minres but didn't find a good enough way to protect the price from falling and recreate interest. Merged mining will not atract investor interest, instead powerful miners will jump in and start dumping coins. Makes me even happier I sold @ ~200 sat.
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adamas
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August 04, 2014, 09:52:27 AM |
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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franckuestein
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August 04, 2014, 11:19:44 AM |
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^@adamas What a logo creation! haha Recommendation from a newbie designer: delete the white background ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It's better to have a clear background rather than another one ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) DogeLite.
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cannon
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August 04, 2014, 11:27:03 AM |
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some told me Doge got less unmined,is it ture?
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adamas
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August 04, 2014, 12:39:01 PM |
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^@adamas What a logo creation! haha Recommendation from a newbie designer: delete the white background ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It's better to have a clear background rather than another one ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) DogeLite. Thanks, but not worth mentioning, it's just for fun ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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TookDk
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August 04, 2014, 12:45:57 PM |
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Thanks, but not worth mentioning, it's just for fun ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Nevertheless, nice work, I see your idea here. The shibe got more streamlined, more mature. Almost like DOGE grew up after merged with LTC ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Many serious, Almost Husky, Much adult - wow.
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Cryptography is one of the few things you can truly trust.
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Hueristic
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August 04, 2014, 02:08:35 PM |
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some told me Doge got less unmined,is it ture?
Your syntax is poor, please elaborate.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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lynn_402
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August 04, 2014, 02:29:37 PM |
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I think it`s not the right time to complain ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The switch to merge mining shows that devs are working on the future of doge. They are too late. I was telling this to Jackson months prior to C. Lee gave his 2 cents. GTFO while you still can. No offense to you DOGE holders, but hell... you are holding it for fun anyways who cares what the market is! For those of you who do care... I would say cut your losses and run. I don't think that the new update will do muck good n the price either. I feel like the developers tried to favor the minres but didn't find a good enough way to protect the price from falling and recreate interest. Merged mining will not atract investor interest, instead powerful miners will jump in and start dumping coins. Makes me even happier I sold @ ~200 sat. It's not the devs job to create interest for speculators through shiny new technology, their job is to secure the coin and this is a very good solution towards that goal. Dogecoin is already mined mostly by multipools anyway, so there won't be much more dumping. Plus, this will be balanced by the dogecoin miners who will sell their LTC for doges.
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C10H15N
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August 04, 2014, 02:47:42 PM |
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It's not the devs job to create interest for speculators through shiny new technology, their job is to secure the coin and this is a very good solution towards that goal.
Absolutely. Securing the coin from the assholes who want to destroy/exploit it is the immediate concern.
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Only when the tide goes out do you discover who's been swimming naked. -Warren Buffett
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pawel7777
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August 04, 2014, 03:09:25 PM |
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It's not the devs job to create interest for speculators through shiny new technology, their job is to secure the coin and this is a very good solution towards that goal.
100% agree, no one said the whole AuxPow transition is to increase the price, it's all about adding security and stability. Dogecoin is already mined mostly by multipools anyway, so there won't be much more dumping. Plus, this will be balanced by the dogecoin miners who will sell their LTC for doges.
... and counter-balanced by LTC miners who will sell their DOGE for LTC (?)
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