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almightyruler
Legendary
 Offline
Activity: 2268
Merit: 1092
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February 08, 2014, 10:14:22 PM |
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No, that was a totally different problem; the network stalled due to a negative retarget. (I was the person that got GRW moving again) Peacecoin is 'stuck' because difficulty quadrupled, and will not be changing back down for a very long time. This is the same problem that has plagued other coins - people jump on it, then difficulty suddenly leaps, everyone leaves because the high difficulty means it is no longer profitable, and the network effectively stalls. There is no technical problem with the client (apart from the ridiculously long retarget period), it's just that barely anyone is mining it now. The loss of the only exchange that could trade PEC was probably also a factor. How can it be fixed? In the short term, someone nice could throw some hashing power at it to keep the network moving. Being re-listed on an exchange would also pick up interest again. In the longer term, the dev needs to release a newer version that retargets every block... but the OP account hasn't logged in for 5 days... |
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ice00
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February 08, 2014, 10:23:12 PM |
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How can it be fixed? In the short term, someone nice could throw some hashing power at it to keep the network moving. Being re-listed on an exchange would also pick up interest again.
Thanks for the information. Unfortunately I can give only 19Kh/s to the newtwork, maybe a lot below difficulty of 16  |
NXT: 1408301140704352478
EMC: Ec2TpuRxcYr4WHMp12vZYck5ch3ymzskbZ
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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February 08, 2014, 10:28:53 PM |
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I've had a think about it and concluded it may actually be possible to pull off the same trick with PEC that I did with GRW. It would be more difficult but should still be doable.
The big problem is that doing this would invalidate the last ~165 blocks of the current chain, which means those who mined it lose their funds. That's 144k PEC down the drain. On the other hand, they're worth near zero if the network stays stalled...
The other problem is that if the coin takes off again we may see another 4 -> 16 diff jump, and we're back to square one.
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ice00
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February 09, 2014, 08:25:13 AM |
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If the programmer didn't come back in a week to solve, and no one with big power take it, maybe your ticks is the latest possiblity.
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NXT: 1408301140704352478
EMC: Ec2TpuRxcYr4WHMp12vZYck5ch3ymzskbZ
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tron666
Member
Offline
Activity: 112
Merit: 10
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February 09, 2014, 05:23:11 PM |
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just start mining otherwise nothing will happen
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CCO MNVPaetsHpxr97mRDqqPuV6PQoSVbFgPVE NEM-test TBZXHE-TD6AO6-PHSFZL-SZ7MWS-JEEI7C-EFCUC2-7Y7V
LTC LcAQUMNhqDYesRRYMxMAsE5rhAAseDMDp7
XPM AHDtLd993oYke4Zrm5dDG5WGtgyaUaMTCK
NXT 16706883867271464458
DOGE DBGiKBD1HZ8yfTdTcX5m8T7mY4X4cUVnEz
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tabnk
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February 15, 2014, 11:03:35 AM |
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What happen to this coin ?  |
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ice00
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February 15, 2014, 11:32:48 AM |
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It has a big difficulty, so only people with powerfull mining hardware can make the blocks to go ahead, until difficulty will retarged again
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NXT: 1408301140704352478
EMC: Ec2TpuRxcYr4WHMp12vZYck5ch3ymzskbZ
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tabnk
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February 16, 2014, 01:53:43 AM |
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Another FORGOTTEN COIN !!!!!!!!!!!!!!
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TheHodoo
Newbie
Offline
Activity: 52
Merit: 0
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February 16, 2014, 01:59:46 AM |
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Another FORGOTTEN COIN !!!!!!!!!!!!!!
Until you decided to bring it back up. |
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tabnk
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February 19, 2014, 02:16:12 PM |
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We need POOOLLLLL  |
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ice00
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February 19, 2014, 02:40:23 PM |
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We need POOOLLLLL I can create a pool in the weekend if needed, but we need lot of miner to go at 16 difficulty |
NXT: 1408301140704352478
EMC: Ec2TpuRxcYr4WHMp12vZYck5ch3ymzskbZ
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uygar2580
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February 19, 2014, 08:04:25 PM |
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Wait... is wallet working ? is there any trade market available ?
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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February 20, 2014, 01:51:09 AM |
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Wait... is wallet working ? is there any trade market available ?
The wallet is working but barely any blocks are being found. It has taken more than 3 weeks to find the last 7 blocks. PEC was listed on one exchange which abruptly shut down a couple of weeks ago. See my earlier posts for detail on why this coin has stalled. |
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uygar2580
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February 20, 2014, 11:11:45 AM |
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no hope from me. 33k PEC was flied away...
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bluewhackadoo
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February 20, 2014, 07:35:18 PM |
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Will donate my 25k PEC to anyone willing to attempt a jumpstart of this stalled coin.
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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February 20, 2014, 07:40:10 PM |
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Will donate my 25k PEC to anyone willing to attempt a jumpstart of this stalled coin.
I can probably get the network moving again, but it won't fix the retarget issue. See my earlier post in this thread about this. |
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Lydian
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February 25, 2014, 12:20:44 AM |
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WTS 7211 PEC |
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almightyruler
Legendary
Offline
Activity: 2268
Merit: 1092
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February 25, 2014, 06:09:55 AM |
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WTS 7211 PEC Bear in mind that the network is virtually stalled. To generate sufficient blocks for a modest 3 or 4 confirms could take a week. |
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CHAOSiTEC
Legendary
Offline
Activity: 1358
Merit: 1002
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February 27, 2014, 05:36:56 PM |
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Will donate my 25k PEC to anyone willing to attempt a jumpstart of this stalled coin.
I can probably get the network moving again, but it won't fix the retarget issue. See my earlier post in this thread about this.
if all miners that are left would rally to it, i could reopen the pool, but we still need to get a retarget fast, so im all for your idea |
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