Post
Topic
Board Announcements (Altcoins)
Re: [ANN][RIC] Riecoin: constellations POW *CPU* HARD FORK successful, world record
by
gatra
on 16/12/2014, 12:58:34 UTC
A difference by 4 digits from the last superblock. Bearing the irony that latest superblock could had mined at the peak of 7176 instead 5565 miners with new world records well into the easy 7XX - 8XX digits range (and beyond).

What's wrong with you Riecoin Project??? C'mon, Christmas just around the corner...  Roll Eyes

It doesn't work exactly like that: the amount of hashing power at the moment of the superblock influences how long does it take to find it, but not how many digits will it have. The quantity of digits (the difficulty) is decided based on the hashing power during the interval prior to the superblock. And since the superblock is in the middle of an interval, its number of digits depends on the number of active miners in the interval of 432 to 144 blocks (expected to be 18hs to 6hs) before the superblock. It's the mining during that 12hs period that defines the superblock's difficulty.

Nothing is wrong! it was kinda expected that after the high of the first record, it would become cold... if the record is broken every week it stops being news after 2 or 3 times...

Instead of focusing on superblocks and world records, how about focusing on merchant adoption and distribution to newbies?  Tongue

I'm afraid we're not ready for merchant adoption: volume is not that high, and merchants would sell and convert to fiat immediately making the price go down. I see Riecoin as a scientific research project that pays with actual coins (instead of just "fun" like those math projects in BOINC), but it's not yet a currency for everyday use.
Distribution to newbies OTOH is something we need right now.