Re: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools
Please explain why he's wrong coinhunter.
Sure, since the difficulty can only raise in three bands 2%, 6% and 10%, and decrease to whatever level is necessary (upto 4x) where is he getting this 20% figure from?
If we are at target hash rate it will maintain that level within 2%. The other thing to consider is the target hash rate is more like "the maximum" wanted, it's different to BTC where 10 minutes is "Desired". "3 minutes" isn't necessarily desired in SolidCoin, it's the maximum.
CoinHunter, I am wondering how did you expect "Maximum coin generation of 18.9 million (18900000) to be reached by ~2022" if you do think that 3 minutes is not necessary for a block and 3 minutes is the maximum in solidcoin.
Because I can't tell you exactly what it will be. All I can say is at 3 minute blocks it will be roughly 2022.
Even bitcoin developers can't reliably tell you their chain lifetime. Bitcoin could be dead in a week. Yet no bitcoin developer realizes it. SolidCoin will still be working, and very fast, as long as someone is hashing. Just check the average block times over it's current life vs any other chain. Then look at the massive amount of mining power variance. Miners have very little influence over the speed and reliability of the SolidCoin network, and this is what end users and businesses want. Reliability. They don't want to have to tell their customers "oh 20% of the miners electricity costs were too high this week so they stopped mining and that's why there was a 12 hour waiting period for your sale."