Seems like the DoS prevention code in GLD prevents people from hopping on when it comes to the top of the profit list.
The defense protects the network by preventing hashpower from being added to quickly.
It basically gives more power to the little guy by removing the advantage of someone using an industrial strength mining rig jumping on the network for some quick and easy coins. Mining goldcoin is no longer an exercise is raw hashing power.
Akumaburn wrote about this is detail yesterday:
https://www.gldtalk.org/index.php?topic=1262.msg6081#msg6081 It`s good on paper, in a system with no price, but the higher price is, higher hashrates will system get - and as it can`t adapt fast - it`s not possible to mine, price go higher and higher - loop.
does it really gives advantage to solo miners with small rigs - no. I was mining 5 blocks an hour - now i`m mining 1 block in 3 hours.
in that case (how this protection currently works) it even sounds that it even easier to attack whole system:
imagine.
1. price is stable for a long period of time.
2. attacker slowly buys coins
3. attacker accumulated desired number of coins
4. attack (just put 2-3 rigs to mine or even buy hashrate contract)
5. "51%" protection in work.... - orphans all over
6. price goes up
7. more people mine cause price go up - chain reaction (like now)
8. attacker waits for decent price - sells coins
9. coin price crash
- miners lost profits, time and electricity (
- only attacker satisfied.
does it sound like current situation?