eschmenk
Member
 Offline
Activity: 140
Merit: 10
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April 10, 2014, 02:24:36 AM |
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Yet more statistics reasons why it is stupid to keep mining ECC until we get a new wallet with a constant block reward
Not only does the cherry picking leave everyone else trying to mine blocks with smaller ECC rewards, it takes longer to find those small rewards than it should!!! When the cherry picker swoops in to mine the high reward blocks, he raises the difficulty. So the remaining blocks are slow. This table shows that.
Cherry Picker's Blocks Other People's Blocks
Time/Block Age/Block Time/Block Age/Block
Average 0:00:20 0.0002 0:01:00 0.0007
Median 0:00:11 0.0001 0:00:29 0.0003
Min -0:00:04 -0.0001 -0:00:09 -0.0001
Max 0:04:29 0.0032 0:18:07 0.0125
There you can see how the mostly low-reward blocks the cherry picker doesn't get last longer than they should. Everyone should be able to mine 45-second blocks on average. Yet the blocks he doesn't win take 1 minute on average. That's because the ones he wins take only 20 seconds on average.
By the way, it certainly looks like the cherry picker would be perfectly capable of a 51% attack. My guess is that he won't do it anyway. It would be self-destructive. What good would the coins he is cherry picking do if he destroys the currency? So he won't.
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DOGE: D6LQ9A9XFgxKxwPRJZKocLUgJhWtWNaFcb ECC: EX5YjWshEuJAed2tdu1ianrwMuP3fCSgsT EMC2: ENgpQLmP9kLhTKfnEJQgSoJB1FJGKcP7z8
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hostmaster (OP)
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April 10, 2014, 02:36:20 AM |
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Ok good, I updated OP BTW, this is not mandatory but recommended update. |
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hostmaster (OP)
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April 10, 2014, 02:37:36 AM |
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1.4 synched and looking good.  thx for the feedback. |
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hostmaster (OP)
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April 10, 2014, 02:42:14 AM |
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Guys let's spread hashing power to other pools, use smaller pools, lets protect our new crypto. I wish everyone equally enjoy from distribution. Our ECC PoW algo does no halves this way we can keep delivery until same block found, equally within miners.
We come to latest blocks mine-able and no more!
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marseille
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April 10, 2014, 02:45:01 AM |
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Yet more statistics reasons why it is stupid to keep mining ECC until we get a new wallet with a constant block reward
Not only does the cherry picking leave everyone else trying to mine blocks with smaller ECC rewards, it takes longer to find those small rewards than it should!!! When the cherry picker swoops in to mine the high reward blocks, he raises the difficulty. So the remaining blocks are slow. This table shows that.
Cherry Picker's Blocks Other People's Blocks
Time/Block Age/Block Time/Block Age/Block
Average 0:00:20 0.0002 0:01:00 0.0007
Median 0:00:11 0.0001 0:00:29 0.0003
Min -0:00:04 -0.0001 -0:00:09 -0.0001
Max 0:04:29 0.0032 0:18:07 0.0125
There you can see how the mostly low-reward blocks the cherry picker doesn't get last longer than they should. Everyone should be able to mine 45-second blocks on average. Yet the blocks he doesn't win take 1 minute on average. That's because the ones he wins take only 20 seconds on average.
By the way, it certainly looks like the cherry picker would be perfectly capable of a 51% attack. My guess is that he won't do it anyway. It would be self-destructive. What good would the coins he is cherry picking do if he destroys the currency? So he won't.
stop posting garbage here |
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eschmenk
Member
Offline
Activity: 140
Merit: 10
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April 10, 2014, 02:47:14 AM |
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Yet more statistics reasons why it is stupid to keep mining ECC until we get a new wallet with a constant block reward
Not only does the cherry picking leave everyone else trying to mine blocks with smaller ECC rewards, it takes longer to find those small rewards than it should!!! When the cherry picker swoops in to mine the high reward blocks, he raises the difficulty. So the remaining blocks are slow. This table shows that.
Cherry Picker's Blocks Other People's Blocks
Time/Block Age/Block Time/Block Age/Block
Average 0:00:20 0.0002 0:01:00 0.0007
Median 0:00:11 0.0001 0:00:29 0.0003
Min -0:00:04 -0.0001 -0:00:09 -0.0001
Max 0:04:29 0.0032 0:18:07 0.0125
There you can see how the mostly low-reward blocks the cherry picker doesn't get last longer than they should. Everyone should be able to mine 45-second blocks on average. Yet the blocks he doesn't win take 1 minute on average. That's because the ones he wins take only 20 seconds on average.
By the way, it certainly looks like the cherry picker would be perfectly capable of a 51% attack. My guess is that he won't do it anyway. It would be self-destructive. What good would the coins he is cherry picking do if he destroys the currency? So he won't.
stop posting garbage here THAT IS NOT GARBAGE!!!! THAT IS FACT!!!! I posted links in my earlier comments. You can verify everything! Don't make accusations without bothering to do that. |
DOGE: D6LQ9A9XFgxKxwPRJZKocLUgJhWtWNaFcb ECC: EX5YjWshEuJAed2tdu1ianrwMuP3fCSgsT EMC2: ENgpQLmP9kLhTKfnEJQgSoJB1FJGKcP7z8
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hostmaster (OP)
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April 10, 2014, 03:15:47 AM |
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If you want to win keep mining it. We take care if it's proven such a thing (if not dreaming) now you better spread hashrate to other pools. there maybe other internal reasons with pool to show stats differently.
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marseille
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April 10, 2014, 04:12:14 AM |
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Yet more statistics reasons why it is stupid to keep mining ECC until we get a new wallet with a constant block reward
Not only does the cherry picking leave everyone else trying to mine blocks with smaller ECC rewards, it takes longer to find those small rewards than it should!!! When the cherry picker swoops in to mine the high reward blocks, he raises the difficulty. So the remaining blocks are slow. This table shows that.
Cherry Picker's Blocks Other People's Blocks
Time/Block Age/Block Time/Block Age/Block
Average 0:00:20 0.0002 0:01:00 0.0007
Median 0:00:11 0.0001 0:00:29 0.0003
Min -0:00:04 -0.0001 -0:00:09 -0.0001
Max 0:04:29 0.0032 0:18:07 0.0125
There you can see how the mostly low-reward blocks the cherry picker doesn't get last longer than they should. Everyone should be able to mine 45-second blocks on average. Yet the blocks he doesn't win take 1 minute on average. That's because the ones he wins take only 20 seconds on average.
By the way, it certainly looks like the cherry picker would be perfectly capable of a 51% attack. My guess is that he won't do it anyway. It would be self-destructive. What good would the coins he is cherry picking do if he destroys the currency? So he won't.
stop posting garbage here THAT IS NOT GARBAGE!!!! THAT IS FACT!!!! I posted links in my earlier comments. You can verify everything! Don't make accusations without bothering to do that. all random superblocks use the same scheme, the multipools can jump in if the block payout is high and jump out when it is low. Because the mining is a random process, they are not guaranteed to get the higher paid blocks, but their chances to get it is bigger, as they have big hash power. I'd just go with multipool, and you can't fight with big hashpower guys anyway. |
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hostmaster (OP)
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April 10, 2014, 04:14:36 AM |
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well the variation 100K-300K is not big we can make it a true random, but it requires a hard fork, which can cause big problem we have 10 days to go, by the time I have the code ready, most time will be gone so forget it and just live with it if multipools choose only the more profitable blocks to mine (say 200K-300K), then just mine with multipools.
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hostmaster (OP)
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April 10, 2014, 04:28:27 AM |
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1.4 synched and looking good. thanks for the feedback. |
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flubber
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April 10, 2014, 05:59:01 AM |
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anyone got payouts from ecchouse.com, just says "Customizing the template. Features will be reenabled shortly. Wallet 1.4. Email @ ecchousepool@gmail.com Please update your wallet to 1.4. You may find the link HERE" for me and can't get any payout as that feature is not enabled, been so for 24hrs and support don't answer ! |
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hostmaster (OP)
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April 10, 2014, 06:22:08 AM |
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{
"blocks" : 63308,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 28.20235410,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 2461538123,
"pooledtx" : 0,
"testnet" : false
}
getting less & less.
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myxamop
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April 10, 2014, 06:25:21 AM |
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anyone got payouts from ecchouse.com, just says "Customizing the template. Features will be reenabled shortly. Wallet 1.4. Email @ ecchousepool@gmail.com Please update your wallet to 1.4. You may find the link HERE" for me and can't get any payout as that feature is not enabled, been so for 24hrs and support don't answer ! Also didnot get any payouts since yesterday... |
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hostmaster (OP)
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April 10, 2014, 08:08:19 AM |
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anyone got payouts from ecchouse.com, just says "Customizing the template. Features will be reenabled shortly. Wallet 1.4. Email @ ecchousepool@gmail.com Please update your wallet to 1.4. You may find the link HERE" for me and can't get any payout as that feature is not enabled, been so for 24hrs and support don't answer ! Also didnot get any payouts since yesterday... spread hash power other pools. This is better for ECC. |
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Carlitos714
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April 10, 2014, 09:54:27 AM |
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anyone got payouts from ecchouse.com, just says "Customizing the template. Features will be reenabled shortly. Wallet 1.4. Email @ ecchousepool@gmail.com Please update your wallet to 1.4. You may find the link HERE" for me and can't get any payout as that feature is not enabled, been so for 24hrs and support don't answer ! same here. You have exceeded the pools configured ECC warning threshold. Please initiate a transfer! cant get my coins out |
Let's color the MOON: Y6k7wiCrSH1D7xSsGNxBBoxfDYJS38RYrs
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richardn1987
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April 10, 2014, 10:05:50 AM |
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Should I mine this?
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Jrubensson
Newbie
Offline
Activity: 10
Merit: 0
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April 10, 2014, 10:39:15 AM |
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Should I mine this?
Of course! In 11 days, it is too late! |
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kopam
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April 10, 2014, 11:57:37 AM |
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Just to keep you updated, today is the first day of our facebook campaign. Things are looking good so far, will post some numbers in a few days. Also do not forget to tell your friends about the big facebook giveaway we are running : http://ecoiner.org/ecc/1602-facebook-giveaway-2-000-000-ecc-win-3.htmlFor anyone that wants to donate towards this campaigns, you are most welcome : EQGw3neszSJqrRreESq9LDS726eExryvNW With the multipool for ECC and the end of the POW, things will look really good very soon  |
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grolll
Legendary
Offline
Activity: 1596
Merit: 1014
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April 10, 2014, 12:09:08 PM |
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Last 11 days,keep mining |
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hostmaster (OP)
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April 10, 2014, 12:14:02 PM |
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Just to keep you updated, today is the first day of our facebook campaign. Things are looking good so far, will post some numbers in a few days. Also do not forget to tell your friends about the big facebook giveaway we are running : http://ecoiner.org/ecc/1602-facebook-giveaway-2-000-000-ecc-win-3.htmlFor anyone that wants to donate towards this campaigns, you are most welcome : EQGw3neszSJqrRreESq9LDS726eExryvNW With the multipool for ECC and the end of the POW, things will look really good very soon just send some more :-) Our fb ads will be very nice. To: EQGw3neszSJqrRreESq9LDS726eExryvNW Debit: -100000.00 ECC Transaction fee: -0.006 ECC Net amount: -100000.006 ECC Transaction ID: 93f1ce20dc0b541e9e34d2f13de1fe424107460e86b27036e1466380a6259e40 |
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