Post
Topic
Board Announcements (Altcoins)
Re: [CGA] Cryptographic Anomaly - Gravity Well UPDATE Feb 4th! - Spread the word!
by
s4w3d0ff
on 03/02/2014, 06:55:34 UTC
THERE WILL BE A MANDATORY UPDATE ON FEB 4th @ NOON PST!
We will be adding a checkpoint and Kimoto's Gravity Well Feature (in hope that it smooths out the difficulty fluctuations) as well as lowering the minimum transaction fee (0.00001).
Sounds good.

What about the problem if some pool like multipool.us or middlecoin.com hits us? As gbomb944 statet, this could be a really hard problem for the coin.

Yes we discussed that possibility and decided that it shouldn't be that big of an issue.

The reason is because of the nature of the coin itself. If a multipool hits our coin it will raise the difficulty making it more difficult for other pools to mine CGA for a while but that would also raise the number of blocks that = 0 which in turn would increase the rarity of the coin, thus (potentially) making it worth more. So miners who have been mining in CGA pools (other than multipools) who already have coins on hand would (hopefully) have there coins be worth more due to the lack of coins being generated. We don't know for sure how it will work, but we are willing to try. And normally multipools don't add coins until they are on an exchange (which we haven't yet to my knowledge) due to the way multipools work (mining the most profitable coin, but if it isn't on an exchange then it can't judge the profitability).

So I think we are fine for now.