crackfoo
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 Offline
Activity: 3458
Merit: 1126
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February 11, 2014, 01:18:45 PM |
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Can someone please explain to me in simple terms how this difficulty thing works? When and how does it increase or decrease? How does it effect coins in circulation? Where can I check the current difficulty level for KARM? Also, wth is KGW and how does it help this coin?
Difficulty is calculated based on the network hash rate and is meant to keep a single block to be solved around 1 minute, it currently gets recalculated every 240 blocks (which should average to around 240 minutes) currently though multiminers are coming in and mining while the difficulty is low thus increasing the network hashrate and solving blocks in much less time than it's supposed to be. They then leave once the difficulty is recalculated after the 240th block leaving us then stuck on a higher difficulty with less network hash rate causing blocks to take much longer to be solved. KGW will resolve this issue with calculating difficulty much sooner if the hash rate drops. won't that in turn, allow the multiminers to jack the diff up more frequently? |
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spitfire1337
Member
Offline
Activity: 168
Merit: 10
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February 11, 2014, 01:25:14 PM |
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Can someone please explain to me in simple terms how this difficulty thing works? When and how does it increase or decrease? How does it effect coins in circulation? Where can I check the current difficulty level for KARM? Also, wth is KGW and how does it help this coin?
Difficulty is calculated based on the network hash rate and is meant to keep a single block to be solved around 1 minute, it currently gets recalculated every 240 blocks (which should average to around 240 minutes) currently though multiminers are coming in and mining while the difficulty is low thus increasing the network hashrate and solving blocks in much less time than it's supposed to be. They then leave once the difficulty is recalculated after the 240th block leaving us then stuck on a higher difficulty with less network hash rate causing blocks to take much longer to be solved. KGW will resolve this issue with calculating difficulty much sooner if the hash rate drops. won't that in turn, allow the multiminers to jack the diff up more frequently? Yes but, that's if they choose to mine the coin now since they can't manipulate it to their advantage. I.E they mine on low diff so they get coins more frequently, when they where mining at the lower diff they were able to get coins as fast as every 17 seconds (that's the lowest block time i've seen, it could have gotten lower) but now it'll be 1 minute no matter what. EDIT: The important thing to remember though is if they leave we will no longer be getting stuck on a ridiculous difficulty with block times over 4 minutes anymore. |
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vtbean79
Member
Offline
Activity: 82
Merit: 10
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February 11, 2014, 01:33:48 PM |
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Can someone please explain to me in simple terms how this difficulty thing works? When and how does it increase or decrease? How does it effect coins in circulation? Where can I check the current difficulty level for KARM? Also, wth is KGW and how does it help this coin?
Difficulty is calculated based on the network hash rate and is meant to keep a single block to be solved around 1 minute, it currently gets recalculated every 240 blocks (which should average to around 240 minutes) currently though multiminers are coming in and mining while the difficulty is low thus increasing the network hashrate and solving blocks in much less time than it's supposed to be. They then leave once the difficulty is recalculated after the 240th block leaving us then stuck on a higher difficulty with less network hash rate causing blocks to take much longer to be solved. KGW will resolve this issue with calculating difficulty much sooner if the hash rate drops. won't that in turn, allow the multiminers to jack the diff up more frequently? Yes but, that's if they choose to mine the coin now since they can't manipulate it to their advantage. I.E they mine on low diff so they get coins more frequently, when they where mining at the lower diff they were able to get coins as fast as every 17 seconds (that's the lowest block time i've seen, it could have gotten lower) but now it'll be 1 minute no matter what. EDIT: The important thing to remember though is if they leave we will no longer be getting stuck on a ridiculous difficulty with block times over 4 minutes anymore. Thanks spitfire. Do you know how/where I can check the current diff? |
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spitfire1337
Member
Offline
Activity: 168
Merit: 10
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February 11, 2014, 01:49:28 PM |
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Can someone please explain to me in simple terms how this difficulty thing works? When and how does it increase or decrease? How does it effect coins in circulation? Where can I check the current difficulty level for KARM? Also, wth is KGW and how does it help this coin?
Difficulty is calculated based on the network hash rate and is meant to keep a single block to be solved around 1 minute, it currently gets recalculated every 240 blocks (which should average to around 240 minutes) currently though multiminers are coming in and mining while the difficulty is low thus increasing the network hashrate and solving blocks in much less time than it's supposed to be. They then leave once the difficulty is recalculated after the 240th block leaving us then stuck on a higher difficulty with less network hash rate causing blocks to take much longer to be solved. KGW will resolve this issue with calculating difficulty much sooner if the hash rate drops. won't that in turn, allow the multiminers to jack the diff up more frequently? Yes but, that's if they choose to mine the coin now since they can't manipulate it to their advantage. I.E they mine on low diff so they get coins more frequently, when they where mining at the lower diff they were able to get coins as fast as every 17 seconds (that's the lowest block time i've seen, it could have gotten lower) but now it'll be 1 minute no matter what. EDIT: The important thing to remember though is if they leave we will no longer be getting stuck on a ridiculous difficulty with block times over 4 minutes anymore. Thanks spitfire. Do you know how/where I can check the current diff? it's also displayed on pools as well. You can go to any pool and click the pool statistics page and it will show the current difficulty. |
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vtbean79
Member
Offline
Activity: 82
Merit: 10
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February 11, 2014, 01:55:27 PM |
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Can someone please explain to me in simple terms how this difficulty thing works? When and how does it increase or decrease? How does it effect coins in circulation? Where can I check the current difficulty level for KARM? Also, wth is KGW and how does it help this coin?
Difficulty is calculated based on the network hash rate and is meant to keep a single block to be solved around 1 minute, it currently gets recalculated every 240 blocks (which should average to around 240 minutes) currently though multiminers are coming in and mining while the difficulty is low thus increasing the network hashrate and solving blocks in much less time than it's supposed to be. They then leave once the difficulty is recalculated after the 240th block leaving us then stuck on a higher difficulty with less network hash rate causing blocks to take much longer to be solved. KGW will resolve this issue with calculating difficulty much sooner if the hash rate drops. won't that in turn, allow the multiminers to jack the diff up more frequently? Yes but, that's if they choose to mine the coin now since they can't manipulate it to their advantage. I.E they mine on low diff so they get coins more frequently, when they where mining at the lower diff they were able to get coins as fast as every 17 seconds (that's the lowest block time i've seen, it could have gotten lower) but now it'll be 1 minute no matter what. EDIT: The important thing to remember though is if they leave we will no longer be getting stuck on a ridiculous difficulty with block times over 4 minutes anymore. Thanks spitfire. Do you know how/where I can check the current diff? it's also displayed on pools as well. You can go to any pool and click the pool statistics page and it will show the current difficulty. Thanks! |
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ltcjunky43
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February 11, 2014, 02:35:15 PM |
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anyone else having payout issues with pool.karmacoin.info?
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UdjinM6
Legendary
Offline
Activity: 1318
Merit: 1040
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February 11, 2014, 02:49:23 PM |
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are we dead already?  |
DASH: XsV4GHVKGTjQFvwB7c6mYsGV3Mxf7iser6
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MuffinMaster
Sr. Member
Offline
Activity: 1414
Merit: 265
Pepemo.vip
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February 11, 2014, 02:58:36 PM |
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anyone else having payout issues with pool.karmacoin.info?
nope are we dead already? Yes, sell your karma to me for 3 satoshi if you can't wait another 4 hours. thanks ! KGW is going live in 300~ blocks and there is a diff change in 28 blocks. |
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fabianno1234
Newbie
Offline
Activity: 27
Merit: 0
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February 11, 2014, 03:06:19 PM |
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are we dead already? Dead?? No The coin is only 8 days old. |
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pandher
Legendary
Offline
Activity: 952
Merit: 1000
Stagnation is Death
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February 11, 2014, 03:09:53 PM |
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hahaha people are so impatient nowadays
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Delaforetnoire
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February 11, 2014, 03:14:53 PM |
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Haha, just bought a BIIIIIG amount of Karmacoin at 4 satoshi ! Yeah !  |
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fabianno1234
Newbie
Offline
Activity: 27
Merit: 0
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February 11, 2014, 03:15:17 PM |
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hahaha people are so impatient nowadays
Haha You're right. If I had more money, I had bought a lot more coins. The coins are not worth less. |
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nosf009
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February 11, 2014, 03:16:19 PM |
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hahaha people are so impatient nowadays
Everyone heard how you get rich overnight here lol. So it's best if it's this night, lol. |
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nosf009
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February 11, 2014, 03:17:52 PM |
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Haha, just bought a BIIIIIG amount of Karmacoin at 4 satoshi ! Yeah ! You think it's really worth the speculation? EDIT: I think there's way too much pressure from dumpers, for this coin to go anywhere real soon with no real support (like 500-1000 btc interest in it). I got 11.5 mil so when greed lights up lol I could defo go for some more coins lol. |
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Delaforetnoire
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February 11, 2014, 03:29:03 PM |
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Yeah I think it will be good for us, just bought 22 000 000 Karm, and know, I support it and advertise it !
This coin need more attention, more news and communication !
I think it will go above 10 satoshi soon, after new diff and KGW implemented !
Go go go go buy when it is at 5 satoshi !
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vtbean79
Member
Offline
Activity: 82
Merit: 10
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February 11, 2014, 03:56:31 PM |
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CoinMarket.io down again? Why are they down so often? Hmm....
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UdjinM6
Legendary
Offline
Activity: 1318
Merit: 1040
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February 11, 2014, 04:29:42 PM |
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CoinMarket.io down again? Why are they down so often? Hmm....
they have bad karma |
DASH: XsV4GHVKGTjQFvwB7c6mYsGV3Mxf7iser6
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ahhmenuts
Newbie
Offline
Activity: 31
Merit: 0
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February 11, 2014, 04:30:53 PM |
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CoinMarket.io down again? Why are they down so often? Hmm....
Back up. Looks like they were applying a patch to adjust for possible transaction issues. |
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zhangs
Newbie
Offline
Activity: 8
Merit: 0
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February 11, 2014, 04:36:12 PM |
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I can't receive the email confirmation of BTC withdrawal from Mintpal so it is still at pending status.
Do you have the same problem with mintpal?
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sakkosekk
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February 11, 2014, 04:58:36 PM |
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Yeah I think it will be good for us, just bought 22 000 000 Karm, and know, I support it and advertise it !
This coin need more attention, more news and communication !
I think it will go above 10 satoshi soon, after new diff and KGW implemented !
Go go go go buy when it is at 5 satoshi !
Glad to see you have bought so much. I think there are good times ahead for Karma. |
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