Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
kuroman
on 30/12/2013, 13:53:17 UTC
Quote from: kisa2005 on December 30, 2013, 01:32:30 PM
Quote from: kuroman on December 30, 2013, 01:27:41 PM
Quote from: kisa2005 on December 30, 2013, 12:55:41 PM
Three questions to tech and miner CATs:

- do you believe that large difficulty jump could hurt the CATcoin prospects?

- can the mining effort be reduced prior to recalc, to reduce the jump magnitude?

- would trust in CATcoin strengthen from the coordinated action of the stakeholders?



....
CATs network action has to be smart if you want to get to Mars!

- it's a double edged sword, a large difficulty could push miners to move to other coins, on the same time it could make the coin worth more, but again it's better to have a smoother increase

- Yes it is possible.

- I don't think it matter at much at this point, because the coin it self is still in it infancy, and the big guys didn't jump boat yet, but it might streghten the confidence of current stakeholders and might open a perspective to more.

386 blocks to go with the current hashrate of over 3Gh/s we are headed towards 400+ difficulty .... which is scary if you ask me, an increase to 100sh would be more reasonable

How much time to recalc? Who would join the effort to reduce mining? making coin "worth more" might be a very risky bet...
POOLOWNERS -> MAKES ECONOMIC SENSE TO SLOW DOWN FOR AN HOUR BEFORE RECALC?
HEDGE YOUR RISK AND MAKE THIS COIN LEGEND NOT PUMP AND DUMP!

374 blocks left till recalucl, at current hash rate we are at around 1min 30s per block which amouts to a total 33660s or around 9hours and 20sh minutes this depends on the hash rate of course so this is just an estimation using current numbers

As for lowering the hashrate, I think the only way to this effictively is to do it with pools (pools provedes the highest hashrate) after 100block mark they should ask people to turn off their miners for a bit, or the Pools can do a maintenance periode of a couple of minutes.... ect (it's up to pool owners, people should think of ideas to help with this) but my fear is that I doubt that all pool owner will play the game if they agree to do to begin with (some greedy owners would want to get the traffic from those pools that are on pause and stuff like that) but again if people are responsable and wants the coin to have a long and stable life, they should turn their off their miners or forward toward another coin when we get to the last 50 blocks or so