bcpokey
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September 01, 2011, 04:47:56 PM |
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Mousepotato
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September 01, 2011, 05:17:53 PM |
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So my question is, come block 20055, will we see an immediate difficulty drop? Or will we have to wait 24hrs for the new algorithm to evaluate block velocity first?
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Mousepotato
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bcpokey
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September 01, 2011, 06:02:52 PM |
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So my question is, come block 20055, will we see an immediate difficulty drop? Or will we have to wait 24hrs for the new algorithm to evaluate block velocity first?
A new difficulty adjustment algorithm will activate on block 20055. The current block count is 19968 so we should hit this count in about ~2 weeks. After that, difficulty retargets every 144 blocks (i.e. every 24 hours) with max increments of 10% and max decrements at 400% (like Solidcoin). The aim is to achieve a much more consistent block rate. (commit) (commit2) You will have to wait until 144 blocks occur, so ~3weeks give or take.
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wolftaur
Member
Offline
Activity: 112
Merit: 10
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September 01, 2011, 08:05:06 PM |
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i've downloaded it and started it on my computer just to annoy thomas :-P
Everyone who thinks ixcoin is a scam should do that, and mine on it.
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"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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Mousepotato
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September 01, 2011, 09:37:47 PM |
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So my question is, come block 20055, will we see an immediate difficulty drop? Or will we have to wait 24hrs for the new algorithm to evaluate block velocity first?
A new difficulty adjustment algorithm will activate on block 20055. The current block count is 19968 so we should hit this count in about ~2 weeks. After that, difficulty retargets every 144 blocks (i.e. every 24 hours) with max increments of 10% and max decrements at 400% (like Solidcoin). The aim is to achieve a much more consistent block rate. (commit) (commit2) You will have to wait until 144 blocks occur, so ~3weeks give or take. I thought it's using the same difficulty algo as Solidcoin though, where if there weren't 144 block solves by the 24hr mark, difficulty would retarget automatically.
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Mousepotato
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jackjack
Legendary
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Activity: 1176
Merit: 1257
May Bitcoin be touched by his Noodly Appendage
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September 01, 2011, 10:24:23 PM |
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i've downloaded it and started it on my computer just to annoy thomas :-P
Everyone who thinks ixcoin is a scam should do that, and mine on it. Done
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Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2 Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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September 01, 2011, 10:26:23 PM |
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I'll donate my spillover hashes to the effort, I wish I could do more but I haven't enough to toy with
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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September 01, 2011, 10:31:16 PM |
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i've downloaded it and started it on my computer just to annoy thomas :-P
Everyone who thinks ixcoin is a scam should do that, and mine on it. Done How much hash?
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Nasakioto (OP)
Full Member
Offline
Activity: 172
Merit: 283
Thomas Nasakioto
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September 01, 2011, 11:47:16 PM |
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So my question is, come block 20055, will we see an immediate difficulty drop? Or will we have to wait 24hrs for the new algorithm to evaluate block velocity first?
A new difficulty adjustment algorithm will activate on block 20055. The current block count is 19968 so we should hit this count in about ~2 weeks. After that, difficulty retargets every 144 blocks (i.e. every 24 hours) with max increments of 10% and max decrements at 400% (like Solidcoin). The aim is to achieve a much more consistent block rate. (commit) (commit2) You will have to wait until 144 blocks occur, so ~3weeks give or take. I thought it's using the same difficulty algo as Solidcoin though, where if there weren't 144 block solves by the 24hr mark, difficulty would retarget automatically. The new difficulty algo will reduce the speed at block 20130 by 4x. After that, it'll continue readjusting every 144 blocks. If it does take longer than 24 hours to mine the next 144 blocks, it'll decrease the difficulty (and vice versa). By the way, block 20027 on 0.3.24.2 is now propagating.
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wolftaur
Member
Offline
Activity: 112
Merit: 10
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September 02, 2011, 07:20:02 AM |
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i've downloaded it and started it on my computer just to annoy thomas :-P
Everyone who thinks ixcoin is a scam should do that, and mine on it. Done How much hash? What would be _PERFECT_ is if ixcoin's original block speed target was at least mostly met for a while. Then (especially uninformed) people would never upgrade. And many ixcoin.2 people would switch back. Then throw as much has as we absolutely can get (Hey, Artforz, want in?) for a couple weeks... get difficulty _WAY_ up, then all abandon simultaneously one block after a difficulty adjustment. The two block chains would be nearly impossible to reconcile because Thomas made them two different p2p networks and protocol versions. And ixcoin.2 would be mostly abandoned and ixcoin.1 would be retargeting in 2150.
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"MOOOOOOOM! SOME MYTHICAL WOLFBEAST GUY IS MAKING FUN OF ME ON THE INTERNET!!!!"
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Spacy
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September 02, 2011, 08:00:30 AM |
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What would be _PERFECT_ is if ixcoin's original block speed target was at least mostly met for a while. Then (especially uninformed) people would never upgrade. And many ixcoin.2 people would switch back. Then throw as much has as we absolutely can get (Hey, Artforz, want in?) for a couple weeks... get difficulty _WAY_ up, then all abandon simultaneously one block after a difficulty adjustment. The two block chains would be nearly impossible to reconcile because Thomas made them two different p2p networks and protocol versions. And ixcoin.2 would be mostly abandoned and ixcoin.1 would be retargeting in 2150. The old .1 blockchain is useless, wasted resources if you hash on it. You can't stop the new chain to reach block 20055, then the new retargeting gets active. It all depends on the new chain, if exchanges and pools are switching... Mining on the orphan chain won't have any effect on the new one. The people who support the new chain will switch, and this new support will define the value of the new chain...
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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September 03, 2011, 01:24:24 AM |
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What would be _PERFECT_ is if ixcoin's original block speed target was at least mostly met for a while. Then (especially uninformed) people would never upgrade. And many ixcoin.2 people would switch back. Then throw as much has as we absolutely can get (Hey, Artforz, want in?) for a couple weeks... get difficulty _WAY_ up, then all abandon simultaneously one block after a difficulty adjustment. The two block chains would be nearly impossible to reconcile because Thomas made them two different p2p networks and protocol versions. And ixcoin.2 would be mostly abandoned and ixcoin.1 would be retargeting in 2150. The old .1 blockchain is useless, wasted resources if you hash on it. You can't stop the new chain to reach block 20055, then the new retargeting gets active. It all depends on the new chain, if exchanges and pools are switching... Mining on the orphan chain won't have any effect on the new one. The people who support the new chain will switch, and this new support will define the value of the new chain... What defines the value of the chain is the people who mine on it and use it to transact in. Otherwise it is rubbish.
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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