Quote from: LaudaM on August 12, 2013, 08:27:01 PM

Quote from: bholzer on August 12, 2013, 08:24:21 PM

We're ~15,000 blocks away from another reward reduction -- it's going to be important to have the new difficulty adjustment in place before this hits. Like I mentioned from the start, we can't expect people to continue mining through another one of these. I wasted hundreds and hundreds of dollars and represented between 1/3 to 1/2 of the hash power throughout the last situation...and I refuse to do it again. Without any crowd to attract more miners, it will literally just sit there. I'd rather implement the fix now to keep things flowing smoothly (in fact, it will actually help with the stability right now as well. The burst/crawl simply doesn't work unless a currency is as established as FTC/LTC/etc where people will keep mining regardless.)

Basically, we're talking about 2000% spikes and drops -- let's reconfigure things to respond more rapidly to the changing mining strategies of altcoins. Otherwise, the only way anybody will mine MΣC will be in multipools. Things work fine during spikes...but going the other way the difficulty actually continues to increase for a while (despite no hash power and taking hours to find blocks) resulting in confirms taking forever too (making MΣC just as difficult to use as it is to mine.)

Maybe adjustment each block or something of the likes?

Yeah...or even if the exact formula stayed in place but the adjustment was every 2 blocks instead of every 10 I could live with that. If nothing is done, it could take months to recover in a few weeks.