NA

[johndec2]

Just looking back through the block explorer and Hardcore's block stats it appears to me that the new diff algo in it's current form has not worked.  The only blocks that Hardcore are finding are the high diff blocks every hour or two which then opens the flood gate for Clevermining to rape the coin, leave, rinse and repeat.  

I've mined NLG on and off since day 1 but I haven't mined it for weeks due to the diff adjustment problems and frankly, the recent algo change appears to not have made one iota of difference.  This is a shame as I saw huge potential in this coin.  How are your merchants going to be able to accept the coin if it takes over an hour for one confirmation?

[veertje]

 How are your merchants going to be able to accept the coin if it takes over an hour for one confirmation?

Transactions in the shops are still within seconds. Confirmations are done afterwards. So customer and merchant are happy.

Keep the spirit high  

DGW3 adjusting things slowly and is improving a bit, in comparance with hashrate jumps:

[Digithusiast]

@guldencoin

Why don't you limit mining to a minimum, or even stop it, for a few days or a week? In the meantime you can work out a good solution.

I mentioned this before, and some people here began shouting about it, but as devs your first priority now is protecting Guldencoin.

Why would you let others break down NLG?

[CIG]

The update to DGW3 has been succesfull, but it looks like it is not the best solution for the blocktime issue. However we don't want to jump to conclusions to quickely, so we will be monitoring this situation closely for a few days. Guldencoin is a longterm project and we are confident that we will eventually find the best solution, with the update we showed we have the community/development strength to execute such an update very smoothly and we can do it again.

Its important that we hear different opinions and discuss ideas/solutions, it is still our number 1 priority. As for the merchants, most of them wont notice these blocktimes as they are using LitePaid, so transactions are done within seconds. So yes our focus is on merchants, but like we said in the beginning thats starts with a strong foundation.

Monitoring and finetuning DGW3 is covered by /GeertJohan. It's in good hands.
Just wondering, isn't there an algorithm for intra block difficulty adjustments?

[CIG]

Just looking back through the block explorer and Hardcore's block stats it appears to me that the new diff algo in it's current form has not worked.  The only blocks that Hardcore are finding are the high diff blocks every hour or two which then opens the flood gate for Clevermining to rape the coin, leave, rinse and repeat.  

I've mined NLG on and off since day 1 but I haven't mined it for weeks due to the diff adjustment problems and frankly, the recent algo change appears to not have made one iota of difference.  This is a shame as I saw huge potential in this coin.  How are your merchants going to be able to accept the coin if it takes over an hour for one confirmation?

Merchants will be happy if the confirmation is done afterwards. But how do we keep the miners happy?

Option 5 (by Dutchyyy) is probably the best for the short term. Terk is cooperative and it's more profitable for Clevermining too (stats show Clevermining could earn the same amount coins with less power). Be aware that this is a workarond. First of all there are many more multipools. Have a look at http://poolpicker.eu/table?algo=scrypt. Secondly it still leaves only the hard blocks for dedicated miners.

And Thirdly it's very risky to leave someone having more then 50% of the power for a long time.
Can we finance a solid dedicated NLG pool? (Crowd funding? Premine?)

[Dutchyyy]

Just looking back through the block explorer and Hardcore's block stats it appears to me that the new diff algo in it's current form has not worked.  The only blocks that Hardcore are finding are the high diff blocks every hour or two which then opens the flood gate for Clevermining to rape the coin, leave, rinse and repeat.  

I've mined NLG on and off since day 1 but I haven't mined it for weeks due to the diff adjustment problems and frankly, the recent algo change appears to not have made one iota of difference.  This is a shame as I saw huge potential in this coin.  How are your merchants going to be able to accept the coin if it takes over an hour for one confirmation?

Digishield and dgw3 work best with 1 minute block times
If it's possible to set block time to 1 min and divide 1000 by 2.5 for block reward. That will help a lot.

[johndec2]

The update to DGW3 has been succesfull, but it looks like it is not the best solution for the blocktime issue.

Well you got that right. Block 124631 took over 2 hours to find (by Hardcore as usual), then 46 blocks were found in less than 5 minutes and now the cycle repeats.  It's not working guys.

[CIG]

Meanwhile I'm somewhat behind in supporting the dedicated miners.
Here's the fix.

On Sept 25 Kloink @HCM found the first block after the update. Including the downtime during the update, the gap was 146 minutes. Well, maybe it's not fair to include the downtime in the longest block gap of the day, on the other hand the whole community was waiting for the first blocks to be found. And Kloink, you prevented me getting RSI hitting that F5 button! Thank you. I donate the 2000 NLG to the HCM adres. The pool admin will take care of it.

Sept 26. An exciting day. How will DGW3 react? What's the longest block gap? The answer is 71 minutes. #Blocks found by HCM dropped from 40 to 7. Keep mining fellows! If you quit the problem gets worse. One of those 7 blocks was block 124479. It was digged up by rjf19. Thanks a lot. If the price of NLG rise again you can get yourself a statute. I donate another 2000 NLG to the HCM adres. The pool admin will take care of it.

[LTEX]

And Thirdly it's very risky to leave someone having more then 50% of the power for a long time.
Can we finance a solid dedicated NLG pool? (Crowd funding? Permine?)

First of all, I want to state I'm not worried one bit. This will get resolved one way or another. My trust in this community and especially the dedication and competence of the DEV team is 100%. In the end, the Dutch will succeed, as we always have 

I am willing to support any idea that can help the miners out. The merchants and users have no problems, since confirmation is instant via LitePaid. The idea CIG brings up for a dedicated pool is nice and I'm even willing to set it up. Only problem is the same I stated before, it's called centralization... Perhaps the BTM solution is one to look at as well?

Meanwhile I'm going to let the smart guys figure out the technical issues. I'm going to focus on Marketing beginning next week (once the project my company currently is working on is finally finished).

Just relax guy's! Het komt goed

[nigttran]

NLG is drop. Sell sell sell now

[nfigueir]

Even though it seems one of the more radical approaches to the problem, locking down the mining only to "trusted" pools might be the way to go.

For me it has several advantages:

• Keep old miners happy
• Decentralizes the coins. Having one pool with so many coins and dumping them on the market is only apparently good since I bet only a few of us are still buying (and building up the richlist)
• Keep blockrate to the intended time
• Keep old miners happy
• Keep old miners happy. Because without this the interest of the coin will just diminish to a point that even multi-pools will connect because it is not profitable anymore. Then all this effort was in vain

Please feel free to present me counter points to this because for sure there are some things I am not seeing.

Nuno

[Glen Hoddle]

And Thirdly it's very risky to leave someone having more then 50% of the power for a long time.
Can we finance a solid dedicated NLG pool? (Crowd funding? Permine?)

First of all, I want to state I'm not worried one bit. This will get resolved one way or another. My trust in this community and especially the dedication and competence of the DEV team is 100%. In the end, the Dutch will succeed, as we always have 

I am willing to support any idea that can help the miners out. The merchants and users have no problems, since confirmation is instant via LitePaid. The idea CIG brings up for a dedicated pool is nice and I'm even willing to set it up. Only problem is the same I stated before, it's called centralization... Perhaps the BTM solution is one to look at as well?

Meanwhile I'm going to let the smart guys figure out the technical issues. I'm going to focus on Marketing beginning next week (once the project my company currently is working on is finally finished).

Just relax guy's! Het komt goed

+1

I've been in this from the start and have been consistently impressed by the team behind this coin. It's so refreshing to see a team so professional and dedicated with all the amateurs and shitcoins out there. I'll be holding this for a very long time regardless of the odd bump in the road.

[LTEX]

NLG is drop. Sell sell sell now

There's one advantage! More cheap coins for me
Have faith guys, this still is the best coin around in terms of long term prophecy!

[LTEX]

Even though it seems one of the more radical approaches to the problem, locking down the mining only to "trusted" pools might be the way to go.

For me it has several advantages:

• Keep old miners happy
• Decentralizes the coins. Having one pool with so many coins and dumping them on the market is only apparently good since I bet only a few of us are still buying (and building up the richlist)
• Keep blockrate to the intended time
• Keep old miners happy
• Keep old miners happy. Because without this the interest of the coin will just diminish to a point that even multi-pools will connect because it is not profitable anymore. Then all this effort was in vain

Please feel free to present me counter points to this because for sure there are some things I am not seeing.

Nuno

I think there might be an argument here. Only problem I see is that it needs to be hardcoded into the chain. This creates a problem when some of the pools drop out (for any reason). If there would be an option of an external database that controls the list, it means the coin loses its decentralization.

I think however, this is a lead to a clever solution...

[24Kilo]

It is very harmful to NLG that its success depends on using a 3rd party processor to make transactions. This is my primary concern and has been since NLG started having extended block times.

3rd party payment processors only apply selling pressure to a coin since they carry the fiat risk of immediately converting NLG to fiat for the merchant reimbursement, they have to sell NLG at market price to offset any fluctuations in conversion rate. 3rd party processors are a band-aid fix for the real problem of NLG not being a working and usable currency.

Extended block times is crippling the adoption of NLG, it prevents wallet to wallet transfers for payments, which is absolutely essential for increased adoption of NLG. Dependence on a 3rd party processor for quick transactions limits the use of NLG to those merchants that use the 3rd party processor, which stifles circulation from wallet to wallet between users that would hold NLG for future payment of goods or services, instead transactions are funneled through payment processors that are putting the NLG on the market to fulfill fiat obligations.

I am not concerned about the price or the difficulty, my concern lies with the lack of usability.

There is not need to panic, this is not the end of NLG, but must be addressed effectively and urgently.

As I posted before, I believe that adopting the BTM diff algo is a very effective solution - https://bitcointalk.org/index.php?topic=554412.msg8870691#msg8870691

[icebear]

What about merged mining, could that help?

https://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work

[BioMike]

So, what is the break even point (exchange-rate wise) for this switching miner to stop mining NLG? Can anyone do an educated guess on that?

[thsminer]

Even though it seems one of the more radical approaches to the problem, locking down the mining only to "trusted" pools might be the way to go.

For me it has several advantages:

• Keep old miners happy
• Decentralizes the coins. Having one pool with so many coins and dumping them on the market is only apparently good since I bet only a few of us are still buying (and building up the richlist)
• Keep blockrate to the intended time
• Keep old miners happy
• Keep old miners happy. Because without this the interest of the coin will just diminish to a point that even multi-pools will connect because it is not profitable anymore. Then all this effort was in vain

Please feel free to present me counter points to this because for sure there are some things I am not seeing.

Nuno

Been working on this one to cope with the 51% problem. Technicaly it's no problem to use a whitelist, in my model I used the opposite and block miners with too much hashrate. But bottomline is you can't block pools, miners because they change clothes as you watch. When you block their wallet - easy to do - they change or even rotate wallets. When you block IP's the same story.

[BioMike]

Thing is, price needs to drop and lower difficulty needs to rise (read: more dedicated miners). This way the switching miner will not be interested in NLG any more. The question is where these limits are?

[Dutchyyy]

Thing is, price needs to drop and lower difficulty needs to rise (read: more dedicated miners). This way the switching miner will not be interested in NLG any more. The question is where these limits are?

Let it drop to under 200 , I think that will keep them off our backs. It really doesn't matter what the price of NLG is for the next 2 - 3 months. We all know in 3 years it's going to be big.