Post
Topic
Board Announcements (Altcoins)
Re: ••• [ANN][SMC] SmartCoin • GET 60 FREE SMC • FAIR DISTRIBUTION • RELEASE INFO •••
by
The One
on 23/01/2014, 13:10:15 UTC


PoW Algorithim: Scrypt
Block Interval: 40 seconds
Starting Difficulty: 0.00024414062
Difficulty Retarget: Every 540 blocks (6 hours)
Total Coin Supply: ~51,200,000



I feel like the difficulty retarget time needs to be reduced dramatically. Take a look at catcoin, and ronpaulcoin. As soon as a multipool hits this coin, they'll mine until next retarget, difficulty will skyrocket, they'll leave, and then there will not be enough hash left for us to meet the next retarget time.

Its far better to set retarget time to something like ~54 instead of 540 blocks, and to limit the change to 10% or so instead of allowing it to jump 5000% because one multipool joined in for a few minutes.  This can be handled otherways, this just seems like the easiest way to have a smooth difficulty retarget.

Every coin i've seen with a retarget this high either forks 2 weeks after launch or dies.

Concur with ctench.....lower the DR to 50 to 60 or implement the Kimoto's gravity well. The coin will die.....RPC will survive the mistake due to the popularity of the name (branding) but Smartcoin branding is weak at the start.