[ANN] Woodcoin [LOG] Pure Skein POW, Logarithmic Release, No Premine nor ICO

[Crypto Girl]

What i'm waiting is the addition of this coin into other exchanges so that we can make the market wider to give the investor and traders a wide variety of selection in terms of where to trade this coin.

[1713991131]

1713991131

[1713991131]

1713991131

[Cryptodelver]

A couple blog posts for you:

http://woodcoin.info/2017/12/10/the-rise-of-the-company-coins/
http://woodcoin.info/2017/12/09/scaling-by-forking/

Thanks, i'll check them out 

[awardotter]

i've downloaded their demo. it's true, very cool interface

[funkenstein]

Is anyone interested in a difficulty adjust algorithm change?  It seem some teams have pulled this off, e.g. with BCH, with decent effect.  We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least.  Better algos are out there for us to use if there is any interest in making it happen. 

Any comments appreciated. 

[bathrobehero]

Is anyone interested in a difficulty adjust algorithm change?  It seem some teams have pulled this off, e.g. with BCH, with decent effect.  We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least.  Better algos are out there for us to use if there is any interest in making it happen.  

Any comments appreciated.  

Since all difficulty retarget algos work based on historical time between past blocks, none of them can be accurate and avoid spikes and drops. If a block hasn't been found for hours, the difficulty can't change, only after the next high difficulty block gets solved.

Coins that are heavily mined can get away with it because the hashrate thrown at them doesn't swing wildly, but for coins like this, a few miners jumping on and off causes big swings in the total network hashrate, therefore the difficulty. And without an appropriate difficulty swing, block times would vary wildly.


One of the solution to this problem is to have multiple PoW algorithms in parallel, like it is the case for DigiByte, Myriadcoin, Joincoin, Aurora, Verge, etc. and so if let's say algo A's difficulty gets kicked to the moon because some miners jumped on it then abruptly left, the blockchain still moves on the other algos and the difficulty of algo A can also be reduced without having to find a super high difficulty block.

[funkenstein]

Is anyone interested in a difficulty adjust algorithm change?  It seem some teams have pulled this off, e.g. with BCH, with decent effect.  We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least.  Better algos are out there for us to use if there is any interest in making it happen.  

Any comments appreciated.  

Since all difficulty retarget algos work based on historical time between past blocks, none of them can be accurate and avoid spikes and drops. If a block hasn't been found for hours, the difficulty can't change, only after the next high difficulty block gets solved.

Coins that are heavily mined can get away with it because the hashrate thrown at them doesn't swing wildly, but for coins like this, a few miners jumping on and off causes big swings in the total network hashrate, therefore the difficulty. And without an appropriate difficulty swing, block times would vary wildly.


One of the solution to this problem is to have multiple PoW algorithms in parallel, like it is the case for DigiByte, Myriadcoin, Joincoin, Aurora, Verge, etc. and so if let's say algo A's difficulty gets kicked to the moon because some miners jumped on it then abruptly left, the blockchain still moves on the other algos and the difficulty of algo A can also be reduced without having to find a super high difficulty block.

Thanks bathrobehero!  Yes I also like these systems.  However it seems part of the woodcoin ecosystem now is being a leader in pure Skein hashing.  It's tempting to make a fork into one of these multi-hash algos, keeping current woodcoin addresses, a la what folks are doing with BTC these days.  Got any names in mind ?   All these systems would benefit from a logarithmically increasing money supply.  Now that fees are starting to be a driving force in market economics, people are starting to get it, and will come around to using this kind of release curve.  Let's be ahead of the game and help with this effort. 

[funkenstein]

Many Woodcoins to you!  Merry Christmas everyone. 

If anyone can locate woodcoin dev Moonpunter and wish him and his family a merry Christmas that would be fantastic.  He's been missing for several weeks now, I hope all is well. 

 

[bathrobehero]

Is anyone interested in a difficulty adjust algorithm change?  It seem some teams have pulled this off, e.g. with BCH, with decent effect.  We've been hesitant in the past because don't-fork-unless-you-absolutely-must, and hey we haven't had to, but it's worth the discussion at least.  Better algos are out there for us to use if there is any interest in making it happen.  

Any comments appreciated.  

Since all difficulty retarget algos work based on historical time between past blocks, none of them can be accurate and avoid spikes and drops. If a block hasn't been found for hours, the difficulty can't change, only after the next high difficulty block gets solved.

Coins that are heavily mined can get away with it because the hashrate thrown at them doesn't swing wildly, but for coins like this, a few miners jumping on and off causes big swings in the total network hashrate, therefore the difficulty. And without an appropriate difficulty swing, block times would vary wildly.


One of the solution to this problem is to have multiple PoW algorithms in parallel, like it is the case for DigiByte, Myriadcoin, Joincoin, Aurora, Verge, etc. and so if let's say algo A's difficulty gets kicked to the moon because some miners jumped on it then abruptly left, the blockchain still moves on the other algos and the difficulty of algo A can also be reduced without having to find a super high difficulty block.

Thanks bathrobehero!  Yes I also like these systems.  However it seems part of the woodcoin ecosystem now is being a leader in pure Skein hashing.  It's tempting to make a fork into one of these multi-hash algos, keeping current woodcoin addresses, a la what folks are doing with BTC these days.  Got any names in mind ?   All these systems would benefit from a logarithmically increasing money supply.  Now that fees are starting to be a driving force in market economics, people are starting to get it, and will come around to using this kind of release curve.  Let's be ahead of the game and help with this effort. 

http://www.tribalmania.com/images3/fijianfork7.jpg

Merry Christmas!

A few months ago I was thinking, what if the same algo would be used multiple times in parallel. Like instead of Digibyte having SHA256/Scrypt/Groestl/Skein/Qubit algos, what if a coin had for example Skein/Skein/Skein. That alone wouldn't really help, but what if each algo had different blockrewards and difficulty modifiers, for example;

SkeinA: 1x blockreward, 1x difficulty
SkeinB: 2x blockreward, 2x difficulty
SkeinA: 0.5x blockreward, 0.5x difficulty

So that both small and big miners could realistically solomine and all 3 algos would have to be heavily mined to stall the blockchain. Though, thinking about it now, bigger miners would probably quickly learn to jump between them probably ruining it for small miners.

Anyway, there's also always Proof of Stake that can move the blockchain while the PoW difficulty is too high, but it can be problematic.

[funkenstein]

Merry Christmas!

A few months ago I was thinking, what if the same algo would be used multiple times in parallel. Like instead of Digibyte having SHA256/Scrypt/Groestl/Skein/Qubit algos, what if a coin had for example Skein/Skein/Skein. That alone wouldn't really help, but what if each algo had different blockrewards and difficulty modifiers, for example;

SkeinA: 1x blockreward, 1x difficulty
SkeinB: 2x blockreward, 2x difficulty
SkeinA: 0.5x blockreward, 0.5x difficulty

So that both small and big miners could realistically solomine and all 3 algos would have to be heavily mined to stall the blockchain. Though, thinking about it now, bigger miners would probably quickly learn to jump between them probably ruining it for small miners.

Anyway, there's also always Proof of Stake that can move the blockchain while the PoW difficulty is too high, but it can be problematic.

Interesting idea, but yeah I think you're right - miners would jump from one skein-algo to another and in the end it would be the same for everyone, just as if there were only the single skein-algo. 

As much as we'd love to help small miners, there's no way to prove one is a small miner and not just a little piece of a big miner's operation. 


 

[woh0dly]

Many Woodcoins to you!  Merry Christmas everyone. 

If anyone can locate woodcoin dev Moonpunter and wish him and his family a merry Christmas that would be fantastic.  He's been missing for several weeks now, I hope all is well. 

 

I've been idling the irc for a while and I haven't seen him.

There is someone in there working on an Android version of the wallet who has some questions. I think you guys have been just missing each other.

13:52 Lvl4Sword: woh0dly, Know anything about Android?
14:00 Lvl4Sword: https://explorer.woodcoin.org/rawtx/d508b7916ec00595c1f8e1c767dc3b37392a5e68adf98118bca80a2ed58331d6 - 'n' being the difficulty target, right?
14:51 Lvl4Sword: arams.java#L30 ... are all things I'm looking at to properly generate the genesis hash for Woodcoin
15:28 Lvl4Sword: Hmm
15:29 Lvl4Sword: So MainNetParams.java had genesisBlock.setDifficultyTarget(0x1d00ffffL);
15:29 Lvl4Sword: Which, going through the genesis block, it appears that's wrong and that 0x1e0ffff0L would be proper
15:29 Lvl4Sword: So, edited that and am recompiling to see what I get
15:52 Lvl4Sword: and it does nothing.

[funkenstein]

Thanks woh0dly!

We have made some progress on the woodcoinj project, a pure java implementation, which is currently syncing the chain on its own. 

The repo is:

http://www.github.com/funkshelper/woodcoinj-dev

This is currently good for SPV wallets only, there are some bugs still in the full-node version. 

This should enable a number of other projects to proceed. 

[funkenstein]

As a yule LOG treat, here's Vihart explaining logarithms. 

https://www.youtube.com/watch?v=N-7tcTIrers

[dsg21]

what miner should I use for AMD cards?

[funkenstein]

what miner should I use for AMD cards?

This has been an ongoing question.  People don't seem to be sharing the answer. 

This code could do the trick. https://github.com/hyc/wolf-xmr-miner/blob/update/wolf-skein.cl

but I don't know anyone packaging it up for us, sorry. 

[woh0dly]

what miner should I use for AMD cards?

This has been an ongoing question.  People don't seem to be sharing the answer. 

This code could do the trick. https://github.com/hyc/wolf-xmr-miner/blob/update/wolf-skein.cl

but I don't know anyone packaging it up for us, sorry. 

I'm going to be turning on a gtx 700 soon and I'd like to point it at Woodcoin. Do you have a script I could follow for nvidia cards? I saw the ccminer was on the woodcoin website.

[batgrzl]

what miner should I use for AMD cards?

This has been an ongoing question.  People don't seem to be sharing the answer. 

This code could do the trick. https://github.com/hyc/wolf-xmr-miner/blob/update/wolf-skein.cl

but I don't know anyone packaging it up for us, sorry. 

I'm going to be turning on a gtx 700 soon and I'd like to point it at Woodcoin. Do you have a script I could follow for nvidia cards? I saw the ccminer was on the woodcoin website.

ccminer.exe -a skein2 -o stratum+tcp://yiimp.l8nit3-miners.com:5233 -u WTvwZQxiyFqKYgTfggLnshrFyj2rxyB5sN -p c=LOG

[woh0dly]

what miner should I use for AMD cards?

This has been an ongoing question.  People don't seem to be sharing the answer. 

This code could do the trick. https://github.com/hyc/wolf-xmr-miner/blob/update/wolf-skein.cl

but I don't know anyone packaging it up for us, sorry. 

I'm going to be turning on a gtx 700 soon and I'd like to point it at Woodcoin. Do you have a script I could follow for nvidia cards? I saw the ccminer was on the woodcoin website.

ccminer.exe -a skein2 -o stratum+tcp://yiimp.l8nit3-miners.com:5233 -u WTvwZQxiyFqKYgTfggLnshrFyj2rxyB5sN -p c=LOG

Thank you.

[funkenstein]

Heads up for folks running a lot of coin nodes: 

  "Bitcoin Gold" also chose port 8338 for default port and so will cause problems when running on the same box as a woodcoin node. 

[funkenstein]

Android wallet for testing by request:  

https://woodcoin.org/files/woodcoin-wallet-debug.apk

[edit: now at https://woodcoin.org/files/woodcoin-wallet.apk]

Known bugs:

Sometimes hangs when sending, requires a restart of the app to finish sending a transaction.  

[Geekxplore]

What is Woodcoin Coin?
Woodcoin Coin, also referred to as logarithmic bitcoin , is a decentralized cryptocurrency that can be mined using a proof-of-work algorithm .
Read More https://www.geekxplore.com/what-is-woodcoin-coin.html