Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EFL] Electronic Gulden | Christiaan Huygens wallet released
by
MaNI
on 13/06/2015, 11:41:12 UTC

The Guldencoin block target is 250 seconds not 150 seconds, maybe you should double check your facts before you post.

Further to the above, yes blocks are still coming in slightly slow - the latest version has drastically improved things here and the next one will do so even further - but this is because the coin experiences hash rate swings between 2 and 8 gh/s - this is a problem faced by any coin that faces some level of success - and therefore has lots of pools etc. wanting to mine it - but is not yet as big in terms of hashrate as litecoin or bitcoin that hashrate never drops downwards.

If EFL is not experiencing this problem then perhaps it is because the EFL hashrate is so low (difficulty seems to hover in the 30's) that there are not wild swings or large mining pools to worry about - basically to be quite blunt, nobody actually wants to mine it - this is not a good thing it means that EFL basically fails at the single most important thing a currency needs to do which is being secure. With a hash rate that low anyone can 50% attack the network with pocket change

It seems to me that 'blocks averaging 3 1/2 - 4 minutes instead of 2 1/2 minutes' is a far better problem to have than 'Anyone who can scrap together 0.2 BTC can 50% the coin at will'
i.e. Get your own house in order instead of going around pointing fingers, you will get much further by working on improving what you have than by bad mouthing others.