BioMike
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December 29, 2014, 05:19:00 PM |
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[ Hmm, one more problem when Clever gets kicked off the chain... Criptoe will get >50% of the hash rate.
This is a concern for sure, but there are at least 3 other active NLG pools, including the coiniumserv pool that was announced recently. Understand this though... I don't have an interest in running away with the network. Unlike CM, we don't need to worry if my pool breaks 50%... we just need to readjust and spread the hashes. Recently, 24Kilo has expressed interest running pools. Another member of our team, Vesperwillow, has run pools for testing and private mining. I'll see if I can help either one of them get a pool up and running to give the community additional options. I can move hashes around, but my point was to do this before DIGI kicks in.
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WaterLooDown
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December 29, 2014, 05:25:03 PM |
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This is a concern for sure, but there are at least 3 other active NLG pools, including the coiniumserv pool that was announced recently. Understand this though... I don't have an interest in running away with the network. Unlike CM, we don't need to worry if my pool breaks 50%... we just need to readjust and spread the hashes.
Recently, 24Kilo has expressed interest running pools. Another member of our team, Vesperwillow, has run pools for testing and private mining. I'll see if I can help either one of them get a pool up and running to give the community additional options.
-Fuse
Hey Fuse I remember Vesperwillow from tagcoin, also a great person to have in the Criptoe team. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) It's really good to see what awesome folks Guldencoin has behind it!
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LTEX
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December 29, 2014, 05:57:42 PM |
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmembers.club1680.com%2Fow_userfiles%2Fplugins%2Fbase%2F14-KT-Teaser1.jpg&t=665&c=RCA-JXbpaly_Xg) 15 more days..... ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) 3 days? And counting....
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A fool will just look at the finger, even if it points to paradise!
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24hralttrade
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December 29, 2014, 06:55:36 PM |
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NederlandsDe afgelopen weken hebben we de discussie omtrent de difficulty readjustment van dichtbij gevolgd en het is duidelijk geworden wat de volgende stap moet zijn. Nu is het tijd om die stap te zetten. De komende dagen zullen wij meer informatie hierover verstrekken. We zullen nauw samenwerken met ontwikkelaars in de community om ervoor te zorgen dat het een soepele overgang wordt. Als je zorgen of bezwaren hebt, maak ze bekend op het officiele forum: https://forum.guldencoin.com/index.php?topic=745.0EnglishFor the last weeks we’ve been following the difficulty readjustment discussion closely and it is clear what the next step should be. Now its time to take that next step. In the coming days we will provide more information about this. We will work closely with developers in the community to make sure it will be a smooth transition. If you have any concerns or objections please make them known at the official forum: https://forum.guldencoin.com/index.php?topic=745.0Bump, because of new page and the most important topic today ofcourse ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Good news! Im sure Digishield will do the job and if you have any questions the Digibyte team/community is willing to help you with the hardfork.
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Sharkzz1
Sr. Member
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Think differently
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December 29, 2014, 09:36:58 PM |
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Best christmas present ever!! ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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biscayne
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December 29, 2014, 11:24:19 PM |
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Congratulations great decision ! Go Guldencoin.
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24Kilo
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December 30, 2014, 07:41:25 AM |
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Community Alert!!! Digishield is not going to be a magic bullet against Clevermining. In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time. If Clevermining hits the NLG network with 10x or 20x hash-rate of the base nethash, the difficulty will hit 10x or 20x in a blink. Digishield deals very aggressively with hash-rate spikes, and when Clevermining exits, taking the hash-rate with them, the network is going to be 'stuck' at a very high difficulty. This Digishield doing its job, reacting quick enough to make it unprofitable to attack the network with high hash-rate. No one knows how Clevermining or its profitability algo will react to this change. Terk may continue to test the network looking for a way to get coins at a discount. Depends on the tenacity of the Clevermining team as to how many cycles the network has to go through till Clevermining discovers how to best handle the changed diff algo. Do not expect Clevermining to go quietly, NLG has been their cash cow for many months. I am expecting new record highs of difficulty and some long, grinding sessions before the network achieves equilibrium. What I don't expect to see is false difficulty lows and Clevermining minting the majority of the blocks in a 24hr period by attacking. If Terk decides to park 20x hash-rate on the NLG network for a few days or weeks, Clevermining will own the NLG network by brute force, but not at a discount as they have been. The NLG dev team and community need to have realistic expectations of the upcoming difficulty algo change and the above is what I expect to happen.
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WaterLooDown
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December 30, 2014, 07:45:32 AM |
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BioMike
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December 30, 2014, 08:00:15 AM |
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Community Alert!!! Digishield is not going to be a magic bullet against Clevermining. In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time. If Clevermining hits the NLG network with 10x or 20x hash-rate of the base nethash, the difficulty will hit 10x or 20x in a blink. Digishield deals very aggressively with hash-rate spikes, and when Clevermining exits, taking the hash-rate with them, the network is going to be 'stuck' at a very high difficulty. This Digishield doing its job, reacting quick enough to make it unprofitable to attack the network with high hash-rate. No one knows how Clevermining or its profitability algo will react to this change. Terk may continue to test the network looking for a way to get coins at a discount. Depends on the tenacity of the Clevermining team as to how many cycles the network has to go through till Clevermining discovers how to best handle the changed diff algo. Do not expect Clevermining to go quietly, NLG has been their cash cow for many months. I am expecting new record highs of difficulty and some long, grinding sessions before the network achieves equilibrium. What I don't expect to see is false difficulty lows and Clevermining minting the majority of the blocks in a 24hr period by attacking. If Terk decides to park 20x hash-rate on the NLG network for a few days or weeks, Clevermining will own the NLG network by brute force, but not at a discount as they have been. The NLG dev team and community need to have realistic expectations of the upcoming difficulty algo change and the above is what I expect to happen. Clever taking >50% and long block times.... or Clever only causing long block times. I would prefer the latter.
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Dutchyyy
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December 30, 2014, 08:05:38 AM |
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Community Alert!!! Digishield is not going to be a magic bullet against Clevermining. In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time. If Clevermining hits the NLG network with 10x or 20x hash-rate of the base nethash, the difficulty will hit 10x or 20x in a blink. Digishield deals very aggressively with hash-rate spikes, and when Clevermining exits, taking the hash-rate with them, the network is going to be 'stuck' at a very high difficulty. This Digishield doing its job, reacting quick enough to make it unprofitable to attack the network with high hash-rate. No one knows how Clevermining or its profitability algo will react to this change. Terk may continue to test the network looking for a way to get coins at a discount. Depends on the tenacity of the Clevermining team as to how many cycles the network has to go through till Clevermining discovers how to best handle the changed diff algo. Do not expect Clevermining to go quietly, NLG has been their cash cow for many months. I am expecting new record highs of difficulty and some long, grinding sessions before the network achieves equilibrium. What I don't expect to see is false difficulty lows and Clevermining minting the majority of the blocks in a 24hr period by attacking. If Terk decides to park 20x hash-rate on the NLG network for a few days or weeks, Clevermining will own the NLG network by brute force, but not at a discount as they have been. The NLG dev team and community need to have realistic expectations of the upcoming difficulty algo change and the above is what I expect to happen. Clever taking >50% and long block times.... or Clever only causing long block times. I would prefer the latter. It's a real pity the simulator is not ready but I can see why you advised to decrease the block times to 75 seconds as it would reduce the long block times by 100%.
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Bluestreet
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December 30, 2014, 08:42:20 AM |
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Community Alert!!! Digishield is not going to be a magic bullet against Clevermining. In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time. If Clevermining hits the NLG network with 10x or 20x hash-rate of the base nethash, the difficulty will hit 10x or 20x in a blink. Digishield deals very aggressively with hash-rate spikes, and when Clevermining exits, taking the hash-rate with them, the network is going to be 'stuck' at a very high difficulty. This Digishield doing its job, reacting quick enough to make it unprofitable to attack the network with high hash-rate. No one knows how Clevermining or its profitability algo will react to this change. Terk may continue to test the network looking for a way to get coins at a discount. Depends on the tenacity of the Clevermining team as to how many cycles the network has to go through till Clevermining discovers how to best handle the changed diff algo. Do not expect Clevermining to go quietly, NLG has been their cash cow for many months. I am expecting new record highs of difficulty and some long, grinding sessions before the network achieves equilibrium. What I don't expect to see is false difficulty lows and Clevermining minting the majority of the blocks in a 24hr period by attacking. If Terk decides to park 20x hash-rate on the NLG network for a few days or weeks, Clevermining will own the NLG network by brute force, but not at a discount as they have been. The NLG dev team and community need to have realistic expectations of the upcoming difficulty algo change and the above is what I expect to happen. Clever taking >50% and long block times.... or Clever only causing long block times. I would prefer the latter. It's a real pity the simulator is not ready but I can see why you advised to decrease the block times to 75 seconds as it would reduce the long block times by 100%. I welcome the change but as for expectations: Once the price goes over 1000 you can expect Clevermining to have over 50% of the hash again BUT as long as they on a more even playing field then they currently are now. I doubt anyone minds that they mining Guldencoin the problem is they not playing fair and have caused dedicated miners to move elsewhere. Once things are more fair I think we will see more dedicated miners come back and stay for the longterm. The above should be the most important requirement about the change and not whether clevermining still mines Guldencoin, in fact we need clevermining to sell coins as cheap as possible for more people to get in at good prices and also contribute to this AMAZING community.
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Digithusiast
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December 30, 2014, 08:48:11 AM |
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24Kilo quote: "In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time." That really does not sound good.
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BioMike
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December 30, 2014, 09:40:56 AM |
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24Kilo quote: "In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time." That really does not sound good.
Depends on what "long periods of time" are. Check http://nlgstats.iblogger.org/ and see that recently the gap time has been 68 minutes as longest. That is less that before that (where long was multiple hours), if it doesn't become worse than those 68 minutes, I'm more than happy with it.
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LTEX
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December 30, 2014, 10:41:31 AM |
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I want to thank 24Kilo for giving us a fair warning about the expected short term downfall Digi might bring. This doesn't mean it will fail, it means the network (and our frame of mind) needs to adjust first. In the end, I think Clever and other MP's will drop their brutal (short) attacks and move on to other profitable coins. Let's give it some time...
I also think the other suggestions of 24Kilo might smoothen things better as well. I'll leave that up to Geert-Johan though, he is the one that knows best.
We're moving in the right direction Gents!
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bram_vnl
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December 30, 2014, 10:44:52 AM |
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veertje
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December 30, 2014, 10:52:36 AM Last edit: December 30, 2014, 12:10:21 PM by veertje |
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24Kilo quote: "In fact, expect network difficulty to hit new record highs and be 'stuck' for long periods of time." That really does not sound good.
Depends on what "long periods of time" are. Check http://nlgstats.iblogger.org/ and see that recently the gap time has been 68 minutes as longest. That is less that before that (where long was multiple hours), if it doesn't become worse than those 68 minutes, I'm more than happy with it. I think Clever will leave or lower their hashrate drasticly in time. Needs a few days or a few weeks, who knows. Maybe their total hashrate will lower to 1 GH/s again soon instead of 10 GH/s now at these prices. Dedicated miners will take over again and it will be much more profitable for dedicated miners to rent hash or to mine. That will even further lower the Clever influence in time. Other possibility is that Clever holds on for battle as priority, not profits as priority and raise their hashpower. But that won't be for long, I think. I also think the 2.5 minutes blocktime is a big factor in readjustment time of the newtork, reacting on diff spikes. Would have been good to have tested the 75 sec. blocktime. Also the discussion of changing some parameters in DGW3 was there a few months ago, but Digishield seems better after the tests. So I support the Digishield for now, because waiting took too long for dedicated miners.
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strataghyst
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December 30, 2014, 12:10:17 PM |
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Lady's and gentlemen I've got them! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FivjbPjj.jpg&t=665&c=qPk4oixlMxOVlA) Tanks for the extras LTEX ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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patrickkivits
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December 30, 2014, 12:15:48 PM |
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bram_vnl
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December 30, 2014, 12:20:39 PM |
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i'm waiting for the coin ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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