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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1293721 times)
cryptomommy
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June 29, 2015, 08:49:36 PM
 #18041

"While the altcoin markets were not as exciting as they usually are, there were still gains made this week. Altcoin markets seem to be reflecting similar trends to Bitcoin, with the interest in trading declining. The coins that received higher gains this week were of lower volume, like Mintcoin, with its approximately 90% increase.

While there were altcoins that had greater earnings this week, they were all of minuscule market cap and volume which could have been the work of just one entity controlling the market. Mintcoin is 15th on the list of 7-day gains but is the 1st to on the top 100 coin market capitalization list.

While Mintcoin does have a low volume in comparison to bigger cryptocurrencies like Bitcoin or Ripple, there does seem to be a continuing demand for Mintcoin."

http://bitcoinist.net/bitcoin-market-wrap-621-628-btc-holds-steady-mintcoin-demand-increases/
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June 29, 2015, 09:05:57 PM
 #18042

My question is, why doesn't peercoin do it then? Peercoin has one of the greatest PoS developers in the world...Sunny King created Proof of stake. Obviously there is a reason why he designed it the way he did. Is there any discussion that includes Sunny on this topic? I for one would like to hear his take on this issue.

FYI:
Some are looking into it, but peercoin has not responded yet?
https://github.com/ppcoin/ppcoin/issues/82


 Cool

If I understand correctly this is what presstab is offering to work on for Mintcoin as he has found a fix on his other project HyperStake. The thing is it requires a hard fork - something I feel is extremely important to make sure it is done; however I am wondering if it is something deserving of an immediate hard fork or if we have some time to let the new wallets take one or two times before requiring the upgrade?

It is up to your community, the timewarp attack is very simple to do and can even happen by accident.
If it does happen, the signs are your network difficulty will drop like crazy, up to ½ per block until it is a very low amount, and if you check your block explorer , only a few or as low as 1 mint address will be getting every stake in a row until they run out of stakable coins.

Now this will not harm transactions as they will go thru normally, your number of blocks created will also be faster than every 30 seconds, which will cause your network to give a higher interest rate than designed.  

The biggest dangers are the difficulty drop which will weaken network security , possibly allowing an attack that is currently blocked. Also almost no one else will be able to stake except the ones running the attack which is a bad PR issue as it destroys fairness in staking.

But with that much control of the blockchain , other dangers could arise , such as a person doing that on 1 side to set the difficulty really low , and then bringing up another wallet for a 2nd attack , with sightly higher difficulty and length and overwriting your blockchain after a few days, which would erase all transactions before the original attack started.
That would be worst case as transaction history must be protected at all costs.

FYI:
Fix is mainly just changing the timedrift from 2 hours to a lower amount.
Less time involved , the less the difficulty will drop.
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June 29, 2015, 09:12:35 PM
 #18043

My question is, why doesn't peercoin do it then? Peercoin has one of the greatest PoS developers in the world...Sunny King created Proof of stake. Obviously there is a reason why he designed it the way he did. Is there any discussion that includes Sunny on this topic? I for one would like to hear his take on this issue.

FYI:
Some are looking into it, but peercoin has not responded yet?
https://github.com/ppcoin/ppcoin/issues/82


 Cool

If I understand correctly this is what presstab is offering to work on for Mintcoin as he has found a fix on his other project HyperStake. The thing is it requires a hard fork - something I feel is extremely important to make sure it is done; however I am wondering if it is something deserving of an immediate hard fork or if we have some time to let the new wallets take one or two times before requiring the upgrade?

It is up to your community, the timewarp attack is very simple to do and can even happen by accident.
If it does happen, the signs are your network difficulty will drop like crazy, up to ½ per block until it is a very low amount, and if you check your block explorer , only a few or as low as 1 mint address will be getting every stake in a row until they run out of stakable coins.

Now this will not harm transactions as they will go thru normally, your number of blocks created will also be faster than every 30 seconds, which will cause your network to give a higher interest rate than designed. 

The biggest dangers are the difficulty drop which will weaken network security , possibly allowing an attack that is currently blocked. Also almost no one else will be able to stake except the ones running the attack which is a bad PR issue as it destroys fairness in staking.

But with that much control of the blockchain , other dangers could arise , such as a person doing that on 1 side to set the difficulty really low , and then bringing up another wallet for a 2nd attack , with sightly higher difficulty and length and overwriting your blockchain after a few days, which would erase all transactions before the original attack started.
That would be worst case as transaction history must be protected at all costs.

FYI:
Fix is mainly just changing the timedrift from 2 hours to a lower amount.
Less time involved , the less the difficulty will drop.


I am still not convinced. I really like the way the coin is right now. Is there a way to test this attack on a mintcoins testnet, to really examine the risk? I am not for hard working anything if it is not absolutely necessary. At this point I'm not convinced that this won't have some unforseen consequential side effects that would be detrimental.
How do you know 2 hours is too long and 15 seconds is too short? It seems really subjective, and if it affects minting rates and difficulty that is a concern. I like the balance mintcoins has to offer on its parameters. How do you know how much to drop it? What would be the problem of making it limited to say, 5 seconds?

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June 29, 2015, 09:36:55 PM
 #18044

I am still not convinced. I really like the way the coin is right now. Is there a way to test this attack on a mintcoins testnet, to really examine the risk? I am not for hard working anything if it is not absolutely necessary. At this point I'm not convinced that this won't have some unforseen consequential side effects that would be detrimental.
How do you know 2 hours is too long and 15 seconds is too short? It seems really subjective, and if it affects minting rates and difficulty that is a concern. I like the balance mintcoins has to offer on its parameters. How do you know how much to drop it? What would be the problem of making it limited to say, 5 seconds?

LOL ,

Presstab discovered the issue, if he says your coin is at risk.  Then It is.
He could tell CM how to do it , and then observe the block explorer for the results.
Difficulty halving and her mint address getting all of the staking will be your proof.



 Cool
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June 29, 2015, 09:52:40 PM
 #18045

I am still not convinced. I really like the way the coin is right now. Is there a way to test this attack on a mintcoins testnet, to really examine the risk? I am not for hard working anything if it is not absolutely necessary. At this point I'm not convinced that this won't have some unforseen consequential side effects that would be detrimental.
How do you know 2 hours is too long and 15 seconds is too short? It seems really subjective, and if it affects minting rates and difficulty that is a concern. I like the balance mintcoins has to offer on its parameters. How do you know how much to drop it? What would be the problem of making it limited to say, 5 seconds?

LOL ,

Presstab discovered the issue, if he says your coin is at risk.  Then It is.
He could tell CM how to do it , and then observe the block explorer for the results.
Difficulty halving and her mint address getting all of the staking will be your proof.



 Cool

You don't have to mock me. I'm trying to learn and understand.  If it is at risk I want to be sure, not just create FUD. Answering my questions would help. Why is 2 hours too long? Why is 15 seconds too short? How do you know what the right balance is, really? Why do we have to have to allow any amount of time at all? What factors go into affecting it? Does more people connected and staking help prevent against that sort of attack? Mintcoin is pretty established, just comparing it to some other coin that nobody used, is not the same for comparison IMO. I just want my questions answered, because obviously if there is a threat of making it too short, that would be bad too. Maybe 2 hours is actually enough. I'm trying to understand this issue. What is the reasoning for why 2 hours was chosen before?

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June 29, 2015, 10:18:53 PM
 #18046

You don't have to mock me. I'm trying to learn and understand.  If it is at risk I want to be sure, not just create FUD. Answering my questions would help. Why is 2 hours too long? Why is 15 seconds too short? How do you know what the right balance is, really? Why do we have to have to allow any amount of time at all? What factors go into affecting it? Does more people connected and staking help prevent against that sort of attack? Mintcoin is pretty established, just comparing it to some other coin that nobody used, is not the same for comparison IMO. I just want my questions answered, because obviously if there is a threat of making it too short, that would be bad too. Maybe 2 hours is actually enough. I'm trying to understand this issue. What is the reasoning for why 2 hours was chosen before?

Excuse me, it is my normally playful ways, not meant to insult or degrade.
Take no offense, it's just how I am.  Smiley

Time Drift was created , because not everyone PC clock keeps accurate time.
Without it a network could freeze up due to lacking stake-able blocks.

Mint makes blocks every 30 seconds, which means their should be 120 blocks per hour.
Your Time drift is 2 hours or 240 blocks.
When someone uses the timewarp to cheat , their block timestamp could be up to 200 blocks ahead,
when mint generates the difficulty setting it looks at those timestamps, and think the difficulty was too hard and drops it so that the next block can be found in a 30 second timeframe. This dramically lowers the difficulty.

15 seconds is lower than your generated blocks ,and would cause a massive increase in your # of orphans.
FYI: Mint already has issues with the orphans , that is what is causing new people to have so much trouble syncing, but that is an issue for another day.

More people staking can not stop the timewarp attack as no matter the number, it lets the attacker jump in front of them for staking.

As why 2 hours was chosen, we probably have to PM Sunny to find that out.

FYI:
If dropping your timedrift to 1 minute was a major concern, you could always change your block time to 1 minute and get away with a timedrift of 2 minutes.

 Cool
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June 29, 2015, 11:06:34 PM
 #18047

Okay, well since mintcoins has faster blocks (approximately 30 seconds) then it makes sense to reduce the time down.

If peercoin is 2 hours, with 10 minute blocks,  it will have a limit of 12 blocks ahead. So in order for mintcoins to be comparable, we should have it set at 6 minutes. Mintcoins should be 6 minutes with 30 second blocks. It will then have a limit of 12 block ahead .

Correct?

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June 29, 2015, 11:16:29 PM
 #18048

Okay, well since mintcoins has faster blocks (approximately 30 seconds) then it makes sense to reduce the time down.

If peercoin is 2 hours, with 10 minute blocks,  it will have a limit of 12 blocks ahead. So in order for mintcoins to be comparable, we should have it set at 6 minutes. Mintcoins should be 6 minutes with 30 second blocks. It will then have a limit of 12 block ahead .

Correct?

Not correct because PPC does not have the exact same difficulty adjustment code. You could stake as many blocks as you so please in the timedrift window. They do not need to have any chronological order according to the network rules. I could stake some MINT that is 30 minutes into the future and it would bring the diff way down low because the network thinks it took 30 minutes between finding blocks. The next block could come in at normal time, but since the code has a section that doesnt allow the diff to calculate as a negative number, the network thinks that it took 1 second to find the next block... thus jumping difficulty up a little bit, but not near as much as it dropped. then i could publish one another 30 minutes in advanced, and rinse and repeat until difficulty is next to nothing.

Pulling it down to 6 minutes would make a lot of difference. My personal recommendation would be 2-3 minutes. With 30 second block times, and the terribly low network stake weight that MINT has, it could really be played with (and I thought about it before, but decided not to get into the business of having too much fun with other peoples money).

Anyways, keep up the discussion, it is interesting.

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June 29, 2015, 11:21:42 PM
 #18049

Okay, well since mintcoins has faster blocks (approximately 30 seconds) then it makes sense to reduce the time down.

If peercoin is 2 hours, with 10 minute blocks,  it will have a limit of 12 blocks ahead. So in order for mintcoins to be comparable, we should have it set at 6 minutes. Mintcoins should be 6 minutes with 30 second blocks. It will then have a limit of 12 block ahead .

Correct?

Not correct because PPC does not have the exact same difficulty adjustment code. You could stake as many blocks as you so please in the timedrift window. They do not need to have any chronological order according to the network rules. I could stake some MINT that is 30 minutes into the future and it would bring the diff way down low because the network thinks it took 30 minutes between finding blocks. The next block could come in at normal time, but since the code has a section that doesnt allow the diff to calculate as a negative number, the network thinks that it took 1 second to find the next block... thus jumping difficulty up a little bit, but not near as much as it dropped. then i could publish one another 30 minutes in advanced, and rinse and repeat until difficulty is next to nothing.

Pulling it down to 6 minutes would make a lot of difference. My personal recommendation would be 2-3 minutes. With 30 second block times, and the terribly low network stake weight that MINT has, it could really be played with (and I thought about it before, but decided not to get into the business of having too much fun with other peoples money).

Anyways, keep up the discussion, it is interesting.
How would pulling it down to 6 minutes make a lot of difference? If you say you pull down the difficulty, rinse and repeat, what difference does it make? It is the same effect right?

Edit:

I get that loweribg it to 6, 2 or 3 minutes will make it harder to pull down the difficulty,, but will it be enough to stop it from perpetually going lower? How do you stop difficulty from perpetually going lower by using that technique? What would be a complete fix?

Edit2:
How does network weight affect it? Are you saying if the network stake weight was higher, this issue would be mitigated?

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June 30, 2015, 12:06:14 AM
 #18050

How would pulling it down to 6 minutes make a lot of difference? If you say you pull down the difficulty, rinse and repeat, what difference does it make? It is the same effect right?

Edit:

I get that loweribg it to 6, 2 or 3 minutes will make it harder to pull down the difficulty,, but will it be enough to stop it from perpetually going lower? How do you stop difficulty from perpetually going lower by using that technique? What would be a complete fix?

Edit2:
How does network weight affect it? Are you saying if the network stake weight was higher, this issue would be mitigated?

Network weight will mean higher difficulty, and higher difficulty means it will be harder to get it into this type of spiral to begin with.

120 minutes = 7200 possible hashes to try and find a stake (although you could target only the say highest 5000 timestamps)
6 minutes = 360 possible hashes
3 minutes = 180

6 minutes reduces the possibilities by a large amount, but narrowing down to 3 minutes still cuts those chances in half. Is 3 minutes too large? It could be.. MINT's 30 second block time doesnt exactly help in this scenario (I recommended to cryptomommy to also put block time up for vote, but I had longevity of chain syncing in mind not this particular issue). The small block time makes it easier to over shoot. For HyperStake I have used a 60 second time. The only problem I have had so far with it is that the default implementation of PPCs stake hashing goes 60 seconds, so if you clock does not properly read consensus time it is possible to orphan blocks because they minted outside the timedrift window. So even a 1.5 minutes timedrift would probably do the trick.

Just some food for thought.

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June 30, 2015, 12:07:17 AM
 #18051

Listen i am a real scrub when it comes to code and everything around it, but after reading this discussion. Is it possible to let the wallet check the real time and match it with the PC time? And if this is way off unable it from minting.

just some random thought, and again i don`t know what is possible within a wallet and what is not.
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June 30, 2015, 12:24:11 AM
 #18052

How would pulling it down to 6 minutes make a lot of difference? If you say you pull down the difficulty, rinse and repeat, what difference does it make? It is the same effect right?

Edit:

I get that loweribg it to 6, 2 or 3 minutes will make it harder to pull down the difficulty,, but will it be enough to stop it from perpetually going lower? How do you stop difficulty from perpetually going lower by using that technique? What would be a complete fix?

Edit2:
How does network weight affect it? Are you saying if the network stake weight was higher, this issue would be mitigated?

Network weight will mean higher difficulty, and higher difficulty means it will be harder to get it into this type of spiral to begin with.

120 minutes = 7200 possible hashes to try and find a stake (although you could target only the say highest 5000 timestamps)
6 minutes = 360 possible hashes
3 minutes = 180

6 minutes reduces the possibilities by a large amount, but narrowing down to 3 minutes still cuts those chances in half. Is 3 minutes too large? It could be.. MINT's 30 second block time doesnt exactly help in this scenario (I recommended to cryptomommy to also put block time up for vote, but I had longevity of chain syncing in mind not this particular issue). The small block time makes it easier to over shoot. For HyperStake I have used a 60 second time. The only problem I have had so far with it is that the default implementation of PPCs stake hashing goes 60 seconds, so if you clock does not properly read consensus time it is possible to orphan blocks because they minted outside the timedrift window. So even a 1.5 minutes timedrift would probably do the trick.

Just some food for thought.
So if we all keep our wallets online for minting it will help. Good to know. We need to let everyone know to do this.

What would be the downsides of setting the timedrift to 1.5 minutes?  Orphans? How bad would it be? Do you think it would really be an issue? Any adverse side affects?

Edit:
Also, what would be a good network weight level needed to prevent this?

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June 30, 2015, 02:24:23 AM
 #18053

Time Drift was created , because not everyone PC clock keeps accurate time.
Without it a network could freeze up due to lacking stake-able blocks.

This is the issue... If you drop the timedrift window down, you increase the risk of a network freeze; and it can thus reduce the "randomness" of who is going to be getting the next block, by excluding some people who's clocks are not accurate.
The thing to find out is how big of an issue is this? Do we know what the average, or median divergance typically is from keeping an accurate time for a large pool of nodes? If 98% are within 2 minutes, then it makes sense to me to do it. But does anyone know this information? How can we know what a good timedrift is? Is there anyway to track this data?

Are there any sort of configuration settings that can be done to improve this, and make it more accurate.

One thing to find out is what % increase in orphans will it cause? If it increases them by a mere 5% or something then it is probably acceptable. Is there anyway this can this be tested?

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June 30, 2015, 02:31:14 AM
 #18054

What would be the downsides of setting the timedrift to 1.5 minutes?  Orphans? How bad would it be? Do you think it would really be an issue? Any adverse side affects?

Edit:
Also, what would be a good network weight level needed to prevent this?

Orphans:
Worst case would freeze the mint network and block syncing for a lot of users.
Especially for new People syncing the 1st time.
Best case , then no problem.

FYI:  Mint already has orphan issues, they are just not noticed as much, due to the fact that so few are staking 24x7 .  For example at the moment only 3.2% of coin are staking, so your orphan rate is lower.
Your staking rate changes daily and on days where you have over 10% staking your Orphan rate is higher.
Easy test , start a new mint wallet and sync it from scratch when your staking rate is higher, you will notice it freeze up on blocks during the sync, check the debug.log file and you will see the orphan problem.

If your timedrift is set too low for a 30 second block and your staking rate improves to 20 or 30 % , your orphan rate it gonna go sky high, unknown if high enough to block syncing or not.
So a increasing/normal staking rate should be a factor in the final decisions.

 Cool
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June 30, 2015, 02:43:39 AM
 #18055

This is the issue... If you drop the timedrift window down, you increase the risk of a network freeze; and it can thus reduce the "randomness" of who is going to be getting the next block, by excluding some people who's clocks are not accurate.
The thing to find out is how big of an issue is this? Do we know what the average, or median divergance typically is from keeping an accurate time for a large pool of nodes? If 98% are within 2 minutes, then it makes sense to me to do it. But does anyone know this information? How can we know what a good timedrift is? Is there anyway to track this data?

Are there any sort of configuration settings that can be done to improve this, and make it more accurate.

One thing to find out is what % increase in orphans will it cause? If it increases them by a mere 5% or something then it is probably acceptable. Is there anyway this can this be tested?

http://blog.codinghorror.com/keeping-time-on-the-pc/

Network freeze is most likely not going to be an issue as blackcoin & clams are on 15 seconds and they get by ok. So anything 2 minutes or more won't be an issue.

Hyperstake works at 1 minute time drift with no issues, but they also run at 60 second blocks instead of 30 seconds.

Biggest concern is orphans and that is unknown and dependent on # of people staking.
And will change on a daily basis, don't personally know of anyway to test this, except by doing it and then monitoring the network.

Crypto Bleeding edge, you won't know for sure until you do it.

 Cool
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June 30, 2015, 03:19:34 AM
 #18056

This is the issue... If you drop the timedrift window down, you increase the risk of a network freeze; and it can thus reduce the "randomness" of who is going to be getting the next block, by excluding some people who's clocks are not accurate.
The thing to find out is how big of an issue is this? Do we know what the average, or median divergance typically is from keeping an accurate time for a large pool of nodes? If 98% are within 2 minutes, then it makes sense to me to do it. But does anyone know this information? How can we know what a good timedrift is? Is there anyway to track this data?

Are there any sort of configuration settings that can be done to improve this, and make it more accurate.

One thing to find out is what % increase in orphans will it cause? If it increases them by a mere 5% or something then it is probably acceptable. Is there anyway this can this be tested?

http://blog.codinghorror.com/keeping-time-on-the-pc/

Network freeze is most likely not going to be an issue as blackcoin & clams are on 15 seconds and they get by ok. So anything 2 minutes or more won't be an issue.

Hyperstake works at 1 minute time drift with no issues, but they also run at 60 second blocks instead of 30 seconds.

Biggest concern is orphans and that is unknown and dependent on # of people staking.
And will change on a daily basis, don't personally know of anyway to test this, except by doing it and then monitoring the network.

Crypto Bleeding edge, you won't know for sure until you do it.

 Cool


Yes I think orphans is the biggest concern. With a 2 minute drift allowance, you would be able to have your machine off by 1 minute and still be within the bounds of the timedrift window if you were to stake a timestamp 60 seconds into the future. With 3 minutes you could be 2 minutes off, etc. If you browse through your debug.log it will show the peers time offset when you connect to them. Usually everyone is within 10 seconds or so from each other.

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June 30, 2015, 03:33:27 AM
 #18057

FYI:  Mint already has orphan issues, they are just not noticed as much, due to the fact that so few are staking 24x7 .  For example at the moment only 3.2% of coin are staking, so your orphan rate is lower.
Your staking rate changes daily and on days where you have over 10% staking your Orphan rate is higher.
Easy test , start a new mint wallet and sync it from scratch when your staking rate is higher, you will notice it freeze up on blocks during the sync, check the debug.log file and you will see the orphan problem.

If your timedrift is set too low for a 30 second block and your staking rate improves to 20 or 30 % , your orphan rate it gonna go sky high, unknown if high enough to block syncing or not.
So a increasing/normal staking rate should be a factor in the final decisions.

 Cool

That's strange. Whenever I have looked over the network, it always seemed to me that during the times of highest difficulty, and highest staking rate, the orphans rate spiked down to the fewest orphans.

Regardless; are you talking about trying to sync the wallet from scratch possibly freezing? Or are you talking about a fully synced wallet all of the sudden freezing and not syncing?

At this point, I wouldn't say that orphans are really a "problem" they are still tolerable at this point.



http://blog.codinghorror.com/keeping-time-on-the-pc/

Network freeze is most likely not going to be an issue as blackcoin & clams are on 15 seconds and they get by ok. So anything 2 minutes or more won't be an issue.

Hyperstake works at 1 minute time drift with no issues, but they also run at 60 second blocks instead of 30 seconds.

Biggest concern is orphans and that is unknown and dependent on # of people staking.
And will change on a daily basis, don't personally know of anyway to test this, except by doing it and then monitoring the network.

Crypto Bleeding edge, you won't know for sure until you do it.

I thought Blackcoin and Clams were on 15 minutes, not 15 seconds.


Yes I think orphans is the biggest concern. With a 2 minute drift allowance, you would be able to have your machine off by 1 minute and still be within the bounds of the timedrift window if you were to stake a timestamp 60 seconds into the future. With 3 minutes you could be 2 minutes off, etc. If you browse through your debug.log it will show the peers time offset when you connect to them. Usually everyone is within 10 seconds or so from each other.

Sounds to me according to presstab, 1 minute timedrift is working with 1 minute blocks, on Hyper, and usually everyone is within 10 seconds of eachother, so is there any reason not to think that 1 minutes should easily work fine with the 30 second blocks that Mintcoin has? What about 45 seconds?

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June 30, 2015, 04:59:26 AM
 #18058

That's strange. Whenever I have looked over the network, it always seemed to me that during the times of highest difficulty, and highest staking rate, the orphans rate spiked down to the fewest orphans.

Regardless; are you talking about trying to sync the wallet from scratch possibly freezing? Or are you talking about a fully synced wallet all of the sudden freezing and not syncing?

At this point, I wouldn't say that orphans are really a "problem" they are still tolerable at this point


Orphan problem shows up more when trying to sync a wallet for the 1st time,
It goes over the orphan limit and locks up during the sync, until it clears no other blocks are synced.
The only thing keeping it from being noticed more is the low staking rate.

I noticed more orphan errors in the debug log, when more coins are staking than less.
If there is another explanation, would love to hear it so I could test it.

Correct at your current level Orphans are not an issue if you are fully synced, but everyone does not stay fully sync. And lowering the timedrift will increase orphans , PressTab can confirm that from his own experience. And if your staking % goes higher, your orphans should also increase again.

I thought Blackcoin and Clams were on 15 minutes, not 15 seconds.

Nope, changed to 15 seconds timedrifts,  you can check their forums.

Sounds to me according to presstab, 1 minute timedrift is working with 1 minute blocks, on Hyper, and usually everyone is within 10 seconds of eachother, so is there any reason not to think that 1 minutes should easily work fine with the 30 second blocks that Mintcoin has? What about 45 seconds?

May work fine, with 30 seconds blocks,
May not, 2 major differences Hyperstake is 60 second block time , plus it's  # of coins is less than 250 million.
Mint is over 21 billion, over 84 times the size of hyperstake coins.
More staking coins = more orphans.

A 30 second block would be safe within a 45 second time drift.
A 45 second block should be safe within as large as a 2 minute time drift.
A 60 second block should be safe within as large as a 2½ minute time drift.

Higher the time drift , lower the orphans.

Once everyone is done saying their piece,
Have CM Pick the 3 most preferred choices and then the Mint community can vote on it.
Guess the 4th choice would be No changes and hope no one hits mint with the time warp.

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June 30, 2015, 11:24:55 AM
 #18059

If I understand this it sounds like A 30 second block would be safe within a 45 second time drift - would be the most secure. Is this an accurate statement?

I do not believe this needs to be a poll. Everyone who would be concerned about these changes in the community from my social channel management experience is talking about it right now. (that's awesome).

As a large investor of Mintcoin I personally would like to go with the most secure option. If everyone agrees with this I would like to move forward with this implementation.

I have another developer on standby for these changes to be completed to make the other changes I mentioned as well. We can release the wallet with all features it looks like.

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June 30, 2015, 01:59:03 PM
 #18060

If I understand this it sounds like A 30 second block would be safe within a 45 second time drift - would be the most secure. Is this an accurate statement?

I do not believe this needs to be a poll. Everyone who would be concerned about these changes in the community from my social channel management experience is talking about it right now. (that's awesome).

As a large investor of Mintcoin I personally would like to go with the most secure option. If everyone agrees with this I would like to move forward with this implementation.

I have another developer on standby for these changes to be completed to make the other changes I mentioned as well. We can release the wallet with all features it looks like.



Okay. I think I am for it. Sounds like even at 45 seconds it would't increase orphans by much though.  Still should be plenty of time. Still will be a big improvement.

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