veertje
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Activity: 952
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October 20, 2014, 10:05:44 AM |
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strataghyst
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October 20, 2014, 10:21:04 AM |
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Just to continue with what Geert has said, we will have to come up with our own solution catered towards the guldencoin blockchain. DGW works for darkcoin and Digishield works for digibyte but it doesn't mean there solution works for every other coin perfectly. Also when changing things it's not just about sorting out the block times , securtiy, stability, vulnerabilities, abuse options all need to be looked into with a fine comb.
We will have more updates this week about the plan moving forward but please continue with the discussion, we appreciate the constructive criticism because it means people care about Guldencoin being as close to perfect as humanly possible.
The good news is we have capable developers who are 100% focussed on this and a month isn't long as this is a longterm project and the crypto landscape is always changing and we will have to continually review our processes and development strategy to cater for major changes that could effect the coins network in a positive or negative way.
Please keep the ideas and suggestions coming so we can look at all possible solutions. Together we can get this right!
I am reading a lot about nite's gravity well and think it's idea is first born here. https://bitcointalk.org/index.php?topic=552895.0Maybe we should contact nite himself te help us think out a solution. |
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veertje
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Activity: 952
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October 20, 2014, 10:51:06 AM |
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- work out how a block reward based on block time. e.g.: `reward = 1000 * (secsSinceLastBlock/150)` with a max of, say, 3000 (after 3x the target blocktime).
I think you can do a lot with that! |
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LTEX
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Activity: 1023
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ltex.nl
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October 20, 2014, 10:54:04 AM |
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I am reading a lot about nite's gravity well and think it's idea is first born here. https://bitcointalk.org/index.php?topic=552895.0Maybe we should contact nite himself te help us think out a solution. [/quote] Already have  |
A fool will just look at the finger, even if it points to paradise!
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strataghyst
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October 20, 2014, 11:10:37 AM |
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Already have [/quote] Nice!  |
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bram_vnl
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Activity: 1148
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October 20, 2014, 11:42:18 AM
Last edit: October 20, 2014, 01:56:45 PM by bram_vnl |
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TamiLee
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October 20, 2014, 11:42:45 AM |
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54 merchants is really a great achievement and shows that people are really getting behind Guldencoin. Just hope the difficulty adjustments get smooth'd out with the next changes and more focus will go onto other things from the team itself. |
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veertje
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October 20, 2014, 02:06:23 PM |
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Last 10 to go.... Edit: Sorry, 9 to go.... |
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bram_vnl
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October 20, 2014, 02:09:59 PM |
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Last 9 to go.... i see your edit |
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Dutchyyy
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October 20, 2014, 02:11:03 PM |
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All I want to hear is 1 Thunderclap! |
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Halofire
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October 20, 2014, 02:17:48 PM |
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Is there anything wrong with Nite's Gravity Well? Seen it in action for a coin I once played with, worked pretty good.
UFO coin also has nite's gravity well with some other security features maybe something to look at Yes it does, that was the coin I was talking about. Yes, Nite's GW was born from AUR. |
OC Development - oZwWbQwz6LAkDLa2pHsEH8WSD2Y3LsTgFt
SMC Development - SgpYdoVz946nLBF2hF3PYCVQYnuYDeQTGu
Friendly reminder: Back up your wallet.dat files!!
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twente-mining
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Activity: 176
Merit: 10
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October 20, 2014, 03:00:29 PM |
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over 4 hours to find a block ?
Something isn't right here
pff...i'm out...
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▄▄▄▄▄▄▄▄▄▄▄▄
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ny2cafuse
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HODL for life.
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October 20, 2014, 03:00:38 PM |
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At first there are more than two solutions so there is some preselection done.
Readjustments wont work, there is no clever way, because they always come late. How smart you design the algo when it rises and the hashrate drops dramaticaly your stuck with a high diff. Nothing can be done about that. Thats why Sathoshi took a lot of blocks to calculate the diff anyway... If you want to act fast, rejection is the only way so that would have a chance but probably other problems. Another way more elegant would be lowering the diff midstream but that would be a huge change in protocol.
Blocktime based reward looks promising to me but don't put a limit on either side. The coin is designed for 1000 NLG every 150 secs avg. So putting a limit on hard blocks would decrease the supply and those hard blocks are compensated with fast low reward blocks anyway. It also would be an incentive for miners to stay at high diff because the jackpot is rising.
I'm with thsminer on this one. Block limits would be an effective approach. Setting a limit on the number of blocks that can be mined in X amount of time would throw the high hashing multis of the chain. The BTM solution is probably the easiest change to the code and coin. I'm pretty sure that would literally be one line of code. As far as the drawback mentioned earlier with getting stuck with periods where the hoppers drop, I don't think it would be an issue. You're not changing the difficulty scheme, so the coin should essentially work the way it worked before. It just takes longer for the block to mature. That increase in time may be enough to keep the multis off the chain, and keep the chain running smooth. As far as the coin reduction per block, I'm not sure I'm all on board with that. What happens when the difficulty drops, and a small pool like mine pegs a block, and then gets lucky with another block almost immediately. Reducing the block reward vs time would essentially take away the benefit of being lucky, wouldn't it? I guess I would need to see the algorithm to make an educated decision, but in my mind I don't think it would be an ideal fix. Either BTM or block rejection. BTM would be an easier implementation. Block rejection would be a more aggressive/effective fix. -Fuse |
Community > Devs
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veertje
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October 20, 2014, 03:10:30 PM |
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BTM would be an easier implementation.
-Fuse
From the ANN of BTM: https://bitcointalk.org/index.php?topic=660544.msg9253396#msg9253396: Quote from: johndec2 on October 19, 2014, 11:58:36 AM Buck. It's not xhash's fault. The coins take 720 blocks to confirm and this current round of 720 has taken a few weeks. Everybody is in the same boat. In a day or so we will move to the next round of 720, the diff will drop and the whales and multipools will move in and 720 blocks will disappear in a few hours... Then everyone will sit back and wait for the painful process to repeat. |
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ny2cafuse
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HODL for life.
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October 20, 2014, 03:21:51 PM |
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From the ANN of BTM: https://bitcointalk.org/index.php?topic=660544.msg9253396#msg9253396: Quote from: johndec2 on October 19, 2014, 11:58:36 AM Buck. It's not xhash's fault. The coins take 720 blocks to confirm and this current round of 720 has taken a few weeks. Everybody is in the same boat. In a day or so we will move to the next round of 720, the diff will drop and the whales and multipools will move in and 720 blocks will disappear in a few hours... Then everyone will sit back and wait for the painful process to repeat. Johndec2 is a member of the Criptoe team. I'll catch him in chat and get some insight into this. I can see the disparity though, as the difficulty algorithm there isn't doing what it needs to do. BTM isn't a difficulty algorithm, and can't handle highs and lows. DGW3 can when properly tuned. Using a straight difficulty algo like LTC/BTC with BTM = no bueno. Using it with a more advanced difficulty algo would most likely be just fine. -Fuse |
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Furio
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BTC | LTC | XLM | VEN | ARDR
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October 20, 2014, 03:26:03 PM |
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over 4 hours to find a block ?
Something isn't right here
pff...i'm out...
Nice support from the communitym, peeps, have some patience.... |
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ny2cafuse
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Activity: 1582
Merit: 1002
HODL for life.
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October 20, 2014, 03:32:32 PM |
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over 4 hours to find a block ?
Something isn't right here
pff...i'm out...
Nice support from the communitym, peeps, have some patience.... It's ok. He's most likely a profit miner, not a supporter. -Fuse |
Community > Devs
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pijpenstelen
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October 20, 2014, 03:46:21 PM |
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I know this might sound like a crazy idea but why don't we let the price fall to around 300 and then the ratio between dedicated miners and multipools will decrease. Then after it's fixed we can start buying again? This would require a lot of collaboration I know but if everyone just removes there buy orders and let the price drop, the multipools will sell out at any price.
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ny2cafuse
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HODL for life.
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October 20, 2014, 03:52:03 PM |
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I know this might sound like a crazy idea but why don't we let the price fall to around 300 and then the ratio between dedicated miners and multipools will decrease. Then after it's fixed we can start buying again? This would require a lot of collaboration I know but if everyone just removes there buy orders and let the price drop, the multipools will sell out at any price.
This isn't a fix. Price drops, miners drop, difficulty drops. Difficulty vs price ratio would be the same and the multis would continue to mine. Then the price goes back up and the multis continue to mine. Price manipulation will never fix a coin. In fact, price should be the last thing people think about in terms of working coin dynamics. -Fuse |
Community > Devs
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