Quote from: pyritepirate on October 29, 2018, 10:05:09 PM

Quote from: pyritepirate on October 29, 2018, 01:08:46 PM

Quote from: almonk on October 29, 2018, 08:47:43 AM

So what's the idea for this coin in a few words?

Quote from: pyritepirate on October 28, 2018, 07:35:13 PM

~~There is a community telegram run by one of the miners~~. I'm going to make a website sometime soon. There is no roadmap and no whitepaper. Coin is 6 days old and I'm doing everything by myself, so you're going to have to be patient. Maybe it will be a total failure, I don't know myself at this point. Just mine (or don't) and enjoy (or don't).

The idea is to create a fair, mineable cryptocurrency. This is not a quick cash grab or an attempt at one. It's really that simple. No gimmicks, no hidden plan. I have some ideas in my mind for protocol upgrades, but it's too early to discuss and it'll just generate unnecessary weight on my shoulders with people asking for them every day. I also have no plan to pay for an exchange listing, however small the fee might be. I am a miner just like you and hold no premine/dev fee. Coin is one week old and already there is an issue with regards to difficulty adjustment. Maybe it was just an unfortunate event or maybe a deliberate act that a miner or group of miners joined the network last night with 200+ GH/s increasing difficulty tenfold, and then left after a short period of time. What you're seeing now is a delay in block production caused by that. If this was in fact deliberate and keeps repeating I'll have to address it quickly. I'm aware of the options that are out there. This is a fork of blackcoin, so codebase is pretty old.

So, we haven't had a PoW block in 17 hours thanks to some asshole who stopped by with his farm for 2 hours and thought it was a good idea to push difficulty upwards. Not even sure there are people still mining. PoS still works, transactions get sent, blockchain moves forward if you need to make a transfer. This is not perfect, but it's something. If not enough power joins the network soon, I'll look into a way to reset difficulty via some rule and release a new binary. Would probably be best to change the difficulty adjustment algorithm as well... I don't know, funds are safu for now.

On second thought... Since PoS still works, and coins can be transmitted, maybe the archaic difficulty adjustment is not a bug but a feature. Whoever the miner was, knowingly or not, has created a scenario where Pyrite is hard to obtain. One must use a lot of hash power to generate more Pyrite to keep the "production" running, or wait a long time for the difficulty to drop, "wasting" resources. Unexpected, but fits nicely with the name, doesn't it? A true free and competitive market. It sounds cheesy, but since the coin is experimental I think I'll keep it as such for now. Unless i am an idiot and the whole logic is flawed. 200GH/s is not large in the grand scheme of things. The problem was that difficulty went up x100 in a matter of a day.