Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Datacoin - Censorship-Free Data Storage
by
pepi
on 23/05/2018, 21:59:29 UTC
DATACOIN is fork of Primecoin, and as is DATACOIN has same "problems" as Primecoin. Algo like that has probably never been written for such big difficulty. Algo spec is 60 block per hours, so one block per minute. When in DATACOIN network only small rig with 5-6Khash start to mining, difficulty will start to rise . But when that rig left network, then problem is big: difficulty DOESNOT fall as was rise. And that is situation we have now. Difficulty is to high for this hash rate of whole network, and probably will need one or two months to get stable, to stabilize on 60 blocks per hour. That is main, and only problem this algo have. Could be fixed, I dont know, but it should be fixed

We want many good options and features.

But any such patches require hardforks.

It can be more simpler and meaningful not to make so much patches to dtc (it is difficult), but take anyone other already good coin and make fork by integrate datasaving functionality to it.

I know dtc code. Such integration can be made fast and enough simple.

But any way. Before trying it we need to make much preliminary work to define all needed features and options. It is needed to avoid any subsequent forks.

If you have "cure" for "problem" I described, I assume that all miners of DTC would agree that must be first patch or fork.
Why? Because with fork we all get much, much more "elastic" network, and network that can sustain on random enter of "big miners". And after "big" miner left, we dont need to wait as we wait now, but to network stabilize in fey days. From that behavior all profits, small or big miner. Lowering difficulty will give us all chance to get many DTC, but as always in past, profit will get only big miners! .
Why? Because big miners on lower difficulty can mine 1M DTC in day or two, and small miner can mine in same time maybe 5000 DTC. Then big miner will go to only market, sell all, and dump the price. Small miner again get nothing. Since those 5K or 10K of DTC worth nothing.
I am not for ( if lowering difficulty will become reality) to lower diff below 9.5 . Because of algo in difficulty 9.5 you can mine 3.5 x more blocks then on diff 9.9
Even that would not stop big miners to grab big piece of cake, but they could not mine as can mine on difficulty 5. So they will dump price again but that dump will not be big. And last, with only one market, and with such low buy cap, DTC can live for years, or some can pump and bump this coin. But that is beyond our reach.