New blog post: Multipool trouble
http://blog.spaincoin.org/2014/03/21/multipool-trouble/
tl;dr: Multipools are hitting us, causing trouble for miners and lowering the coins value. The Spaincoin network itself is completely healthy thanks to KGW. Well fix this issue completely with a hardfork soon, so multipools will stop hitting us.
that would explain why the diff has been jumping from 100 to 700 lately...
SpainCoinDev: is there any way to make newly mined blocks mature after some large amount of time, like 2-4 weeks, while still having fast transaction confirmations? That way you can't just mine them and dump them, you have to hold for at least awhile
Nobody will mine if they have to wait 2 weeks to get their coins.
i would personally still mine, i think others with a long term mentality would as well.
Maybe two weeks is a bit much, but theres some point where the multipools won't mine it because their customers won't be willing to wait that long for payouts. our miners just have to be
slightly more patient than the multipool miners to win in this scenario.
as you said yourself on the blog, its all these new miners jumping on the multipools. their greed factor is high, and level of patience small, so it really shouldn't take that big a hike in maturation time to price out the multipools. plus its just changing one parameter, rather than the entire validation process
my 2 cents.
theres a reason they've been doing this for 4 decades in the real world by letting options/share payouts take time to vest.