Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DGC] DigitalCoin.Co | Instant \ Stable \ Reliable | Usable for Purchases
by
techbytes
on 08/08/2013, 18:41:21 UTC
Network hashrate: 316.84 MH/s
Current difficulty
4.5503
Next difficulty
1.8623
Is again some coin-switching pool jumping on dgc?

Again? It did not stopped

Multipool of course. They are also bringing a tone of orphans with them (lover coin difficulty with sudden flow of high hashrate miners "fighting" for a block). What is funny after that found is bashing on a coin and Developers Angry.  

It has happened again.
Current Diff: 1.879  
Global Hashrate: 1,213,870 KH/s
Next Diff:  5.1274

We should look for ways to build circuit breakers into DGC to prevent the swarm of locusts from pumping and dumping DGC like a cheap hooker.  Here is a few ideas I've seen thrown around: Rejecting blocks from a single source with more than %40 of the hashpower, To reject or que blocks that violate the minimum block time, or adjusting the difficulty at a faster rate.  CartmanSPC suggested "Develop the wallet/coin to throttle new blocks found based on an average of blocks found over the previous "x" period of time."

I know these solutions will produce orphans during spikes but I fear what will happen if we do nothing. In the short term its creating shortage of dgc and pushing the price up, which seems good in relation to the block reward dispute.  But in the long term it may drive off loyal miners making dgc vulnerable to attack between or during hashspikes (like what happened to FTC a few months ago).  If you look at the Multipool thread you will see the admin has a sadistic attitude towards most alt coins in general.  Something needs to be done before people loose confidence.

Multipool Discussion Referenced: https://bitcointalk.org/index.php?topic=263827.0

I hope something is done, its getting more difficult to remain loyal mining this coin. Of course I love this coin so will still carry on mining but I wouldn't blame someone for jumping ship, majority of the time we are stuck mining it with the difficulty at 5.0+


I agree with you guys. Let us see what Baritus has to say about it? Coin is stucked dead in the muddy water. Some  younger ALT coins doing much better bcs mutlishitmiddlebraindead and similar pools are not jumping on them(CGB,DMD,etc...). If everything stay the same DGC will be half dead coin like what happened to ARG. I was minnig DGC for one whole month but now not any more because of those jumping idiotic pools. I might be back if i can see some progrees regarding that topic. If Developer(s) do not care why shoud I?


I see your concerns but imho, once DGC gains traction from bank/exchange and services, the multipools will be nothing but a small potholes on the road.


-tb-