Post
Topic
Board Announcements (Altcoins)
Re: [ANN][LGC] Logicoin | DGW | X11 | No Premine | DGW3 Incomming!
by
Logicoin.info
on 16/05/2014, 13:12:54 UTC
There is no block for the last 36 mins? Does it mean trade my bit has left?

Okay I'm going to try and explain this as clearly as possible.

Trade my Bit believes we are still on 50 LGC per block which puts us as #2nd most profitable x11 coin.

So heres what happens.

They jump on the network and start mining LGC. Difficulty skyrockets to 60-70 at which point they leave and start mining something else. They have left the network and have taken their hashrate with them which means that untill we solve a block we are stuck at a difficulty that is way higher than it should be in comparison to hashrate. We solve that block after 10-30 minutes and DGW adjust's hashrate back down to the -10 range. Trade My Bit then thinks that because of the low difficulty we are again profitable so they jump back on the network and the whole process starts over again.


I have contacted Trade My Bit about the incorrect block reward and asking that LGC be deslited from their multipool. Any assitance you guys could offer would be amazing.

Here is their BTCTalk thread https://bitcointalk.org/index.php?topic=386554.0
And IRC irc.framper.com in #pool