eTok must change retarget difficult time. How many days until difficult changes? Already huge drop of hashrate. If we want speculators back into mining better if retarget time will become less then now.
wooo I love
// +1 eTOK tip
http://explorer.poolz.ws/t/6maDf4aW5A few replys earlier there were some concerns about difficulty retarget time. Can you please clarify why is it benefit to keep current retarget or if it is not then if you plan to change the retarget time?
We are not planning to change the difficulty re-target, which is set on 5040 blocks.
When the block target will be reached (2 minutes), the difficulty will re-target every 10080 minutes, so every 7 days.
eTOK not working like most coins here. We don't want a low diff re-target time because we are betting on the long term, we want eToken stable on mining and stable on the markets.
eTOK stable in mining will mean, stability on the market.
The firsts altcoins on coinmarketcap.com (except ripples, megacoin & co) are all very stables because the devs did strong maths, that's including the diff re-target.
Quark is an exception. The devs wanted a fast coin, and they did it. BUT they failed into stabilizing it, and they had to take extra measures (from quark btctalk frontpage):
Difficulty retargets every 20 blocks (maximum 10% up or 50% down).
Do you see how the maximum is nerfed ? It's exactly because of the reasons I mention below, in my example.
Here a small example, even if he is bad ^^.
Admit eTOK has a 4 hours difficulty re-target:
The network hashrate is 100MH/s with 100 miners.
A big guy coming, and the network hashrate is now up to 200MH/s.
From now, you're sure in 4 hours the diff will grow by a lot, because of this guy.
So in 4 hours, 100 users will be penalised because the difficulty re-target to fast. If he stay 4 more hours, it's even worst.
The same case with our 7 days:
Even if the network hashrate going crazy (up or down), peoples will still able to mine on a known difficulty during 1 week.
The difficulty recalculation will check a 7 days history, instead of a 4 hours history making the coin very stable on long-term.
Low difficulty re-target time allow peoples with big mining stuff to control. It's not what we are looking for.
For us, low difficulty re-target mean less shares between peoples, and no stability on a market.
If you have other questions or idea, go ahead
