Post
Topic
Board Announcements (Altcoins)
Re: [ANN][1CR] 1CRedit Coin Relaunch
by
Cassey
on 22/09/2016, 21:56:06 UTC
33 days without a block mined, that means a person can buy up the exchange and nobody can send coins to sell. People should be cautious if this problem is not fixed, wonder if maybe it is deliberate. I still have a lot of 1credit, and support it, but 33 days without a block is not a credible cryptocurrency. https://chainz.cryptoid.info/1cr/

33 days

Technically, the coin isn't broken.  The problem is that the difficulty is currently 344,503, and therefore no one wants to mine it.  You could say the difficulty adjustment algorithm is broken, but there's nothing preventing someone from throwing hashrate at 1CRedit to advance the block chain.

I wanted to correct myself.  I checked and the current difficulty is 97.51098505.  For some reason my pool is reporting it incorrectly.  I am looking into the issue right now.

Your post was dated Sept 12th and there had been no blocks produced in the previous 30 some days, or so it seemed.

Now suddenly we have blocks from one day before, like https://chainz.cryptoid.info/1cr/block.dws?56250.htm
and 2 days before, like https://chainz.cryptoid.info/1cr/block.dws?56099.htm
and 3 days before, like https://chainz.cryptoid.info/1cr/block.dws?55936.htm

In fact every day going back to Aug 3rd there are now blocks showing as having existed  Huh

I think someone orchistrated the long outage:  threw a ton of asic at it to boost the difficulty, then went private for a month or so, then rejoined the network.  I noticed the block count jumped ~6000 blocks within a day of the long block being found.  I would have anticipated a quick 1024, since that is the depth of the KGW, but not the extra 5000.  Of course, once they joined, their own breaker block would register on the chain as valid and they could flood all the private blocks they wanted.  The ~6000 is about right for the period we were offline.

I have NO idea how to block against this abuse of power.  Very VERY depressed by it - enough to want to say "Enough" and shut things down.