Post
Topic
Board Announcements (Altcoins)
Re: [ANN] PYRITE || $PYE || POW/POS HYBRID || SHA256Q || FAIR LAUNCH || NO PREMINE
by
iammackinnon
on 30/10/2018, 01:01:02 UTC
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.

Though it does make it difficult for those of us who just found this now and are trying to mine Sad

Can't try out PoS without some coin... can't get the coin without overcoming the massive difficulty coupled with the lack of base hash :/