GB Coin: Real Team & Workshops & Financial Goals

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vertminer.exe --scrypt-vert -o stratum+tcp://gbpool.zapto.org:3333 -u Chris180.1 -p 12 -v 1 -w 256 -I 13 -g 2 --lookup-gap 2 --gpu-powertune -20,-20 --temp-overheat 85 --temp-cutoff 90 --gpu-memclock 1500,1500 --gpu-engine 1000,1000 --thread-concurrency 8193

Quote from: Crypto-t on April 14, 2014, 02:36:47 PM

Have a read of this:

Quote

It is no secret that our current difficulty solution is being exploited by the multipools to take the value of out Feathercoin mining. They use our solution against us to mine without moving the difficulty by much. Wrapper and Wellenreiter have spent a long time simulating our current problem and coming up with better solutions. What we have come down to is a much shorter retarget and the use of two averages compared to just the one.

We suffer from 'peck' attacks as Wrapper likes to put it, where the multipool throw a huge number of hashes at us for a small amount of time. Due to the 126 block retarget and the 504 average they can do this and leave the difficulty pretty much where it is but this does leave the difficulty higher overall removing room for loyal miners. It is hard to convince people to mine Feathercoin when the profit is so low due to the way multipools mine us.

For a while the current difficulty solution did its job but the multipools have now looked at how to maximise their profits and the cost to regular Feathercoin miners. With the new solution we hope to see a significant increase in the amount of coins that can be mined by regular miners as the effect of 'peck' attacks will be greatly reduced.

In addition to this something that was raised in the past is increasing the block time. This allows us to react faster to the 'peck' attack over a smaller amount of time. The coin reward has to be reduced proportional to the time reduction. Blocks that are too fast suffer from a large number of orphan blocks being created. The orphan rate drops off significantly at 45-50 seconds and we aim for a block time target of 60 seconds to be safe. Kevlar pointed out before that shortening the block time reduces the risk of double spends. We would also be the fastest coin on BTC-e so that's an additional feather in our cap. Block reward will be reduced to 80 coins to maintain our current inflation model.

Soure: https://forum.feathercoin.com/index.php?/topic/6697-dev-hard-fork-to-change-retarget-averages-and-block-time/

Unfortunately, because Cryptos are now a serious emerging sector, you have to expect these kind of attacks/exploits more.

In fact, Cryptos are the near-perfect tax avoidance/evasion tool! So you can imagine this kind of stuff happening even more because of the potential high-reward.

Unfortunately it has been proven lately that bitcoin is more traceable that most of other payments.
That's why darkcoin project has been launched.

	Author	Topic: GB Coin: Real Team & Workshops & Financial Goals (Read 47622 times)
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