[ANN][KARM] Karmacoin - New Initiatives - Helping People Do Good

[ShawnLeary]

I have now 100 millions of them. How many would you recommend should one have?

Use your wealth for good and start giving small amounts away on www.reddit.com and you will see some nice gains on your coins worth.

People are CRAZY for selling right now.  There is currently 29BTC buy orders for 2 and 1 satoshi.   Only a fool would sell at that price. 

[1714878678]

1714878678

[c4shm3n]

what.... whats is happening.... 14 GH/s now

awesome coin with awesome hashrate! i think many people want karma now diff allready at 130 and rise fast, it should reach 220 very soon, price will rise or people drop mining and diff go down we will see, very interesting....

[imine253]

My wallet won't sync past block 15915 now.

[c4shm3n]

My wallet won't sync past block 15915 now.

do you have the latest wallet version? download latest one, it should work

[nivexuck]

We need your help to vote

http://www.allcrypt.com/beta/voting.php

[CryptoMF]

This is very interesting watching what looks to be either multipools or large private pools jumping on Karmacoin now. The latest Kimoto defense seems to be working as planned. Difficulty is climbing fast to match. Love seeing them waste their hashes here. They will bugger off after awhile and things will return to normal. Well done devs! LOL!!!

[DogeDurango]

yeah kimoto working well it seems!

[nrg_wolf]

wonder if the price will be pushed down lower after this rape fest.....

[BlkdOut]

There isn't going to be any more coins in the exchange because they switched to it... Difficulty retargeting. So my guess is no there will not be a decrease in price. Possibly an increase though if people think they should trade in using BTC.

Total coins stayed the same, your proportion of those coins is what changed with the 'rape fest'.

[DannyTom]

what happened?  coin changed and now the amount in our wallets decreases? more details please.

[blueangel01]

Are we being hit by the whales? The Kimoto should be working right?

[Evolvo]

- 120 BTC volume in the last 24 hrs. on coinmarket.io
- 54th overall in market cap and growing fast as supply increases quickly
- #1 most profitable coin to mine according to altcoinstats.com for 10 days straight
- price staying steady in the face of hastily increasing supply
- growing community with a good message and a lot of energy
- let's find ways to continue to help the community grow!

[CryptoMF]

wonder if the price will be pushed down lower after this rape fest.....

No rape fest as they they were not able to get many coins due to the difficulty rising quickly. You can see the hashrate getting back to normal after they gave up. No need to worry.

[wawaderwaran]

wonder if the price will be pushed down lower after this rape fest.....

No rape fest as they they were not able to get many coins due to the difficulty rising quickly. You can see the hashrate getting back to normal after they gave up. No need to worry.

Are you sure? It didn't go up quite as quickly as it should have to prevent the reaping.

[stompix]

Are we being hit by the whales? The Kimoto should be working right?

Kimoto is not protecting you from a multipool.
It's just protecting you from a pool switching out and in to take advantage of the low difficulty.

But if the coin is still profitable even after the difficulty adjustment , multipools will continue mining it. kwg or not.

[imine253]

My wallet won't sync past block 15915 now.

do you have the latest wallet version? download latest one, it should work

I have the latest one, It was working fine until I woke up this morning and noticed it was stuck on block 15915

Edit: I just re-downloaded the new wallet and it still didn't work. Then I deleted the blockchain and it still gets stuck at block 15915.

[DjstarX]

wow ! look at the volume on coinmarket! 122 btc..

[CryptoMF]

wonder if the price will be pushed down lower after this rape fest.....

No rape fest as they they were not able to get many coins due to the difficulty rising quickly. You can see the hashrate getting back to normal after they gave up. No need to worry.

Are you sure? It didn't go up quite as quickly as it should have to prevent the reaping.

Looking at the block chain: http://explorer.karmacoin.info/chain/Karmacoin it appears you are somewhat correct. The diff didn't quite rise as fast as it could have. This is public knowledge so I feel there is nothing wrong with posting this here.

My block counts per hour are (all times PST for 2/16/2014):

11 to 12 am = 59
12 to 1 pm = 211
1 to 2 pm = 190
2 to 3 pm = 102
3 to 4 pm = 6
4 to 5 pm = 9
5 to 6 pm = 11

So the average over those 7 hours is 83 blocks per hour which is above the 60 per hour ideal. Remember though that whomever put the amount of hashrate that we were seeing at this coin could have made a nice profit on at least a dozen other coins if they didn't choose Karma. The best protection from these attacks is for the price of Karma to rise so more miners are on the coin on a consistent basis to minimize the % hashrate increase. Thankfully this will average out over time and the length of the attack was very short in the grand scheme of things. If you are a consistent miner of Karma then you should see a decent average return as the diff and total network hashrate comes down.

It is good to see we are making progress and I hope we have more to come. I think there is room for improvement here though. Dev's what do you have to say about optimizing the KGW to react faster to massive hashrate changes? Maybe reduce the number of blocks before re-target or change the algorithm for calculating the next black diff to better reflect total network hashrate?  Vertcoin as an example seems to have a good system as the difficulty varies very little and the total network hash stays fairly high and constant. Of course Vertcoin uses N-factor Scrypt but that shouldn't make a difference in the KGW implementation.

[bitwho]

Are we being hit by the whales? The Kimoto should be working right?

Kimoto is not protecting you from a multipool.
It's just protecting you from a pool switching out and in to take advantage of the low difficulty.

But if the coin is still profitable even after the difficulty adjustment , multipools will continue mining it. kwg or not.

this. KWG helps us once the rape is done. to hep us recover in few blocks

[loewen.brad]

My wallet won't sync past block 15915 now.

do you have the latest wallet version? download latest one, it should work

I have the latest one, It was working fine until I woke up this morning and noticed it was stuck on block 15915

Edit: I just re-downloaded the new wallet and it still didn't work. Then I deleted the blockchain and it still gets stuck at block 15915.

Mine isn't syncing either. I'm stuck at block 15915 as well. Stopped about 18 hours ago, was working up until then. I hope this isn't a permanent stoppage. I have several hundred thousand coins in my wallet. And yes, I have the latest client.