Username: salvorhardin

Great new site.  Congratulation!

Was not able to login earlier either.  But the support resolved the issue within minutes.  Thanks!

I presume that the hardcoded minimum difficulty is done based on the typical hashrate seen throughout the lifetime of TRC network, i.e. around 30~40 G h/s from diehard supporters.  The inability to go lower would significantly reduce the problem of huge numbers of orphan/invalid blocks seen at really low difficulty.  Hopefully, this would enable pools like Coinotron to bring back the TRC pool and make the network more secure.

Actually there is a way to test this theory.  Using the latest TRC client, there is "banned IP" list of misbehaving clients suspected of hashing/relaying fake blocks.  Just match these sets of IP addresses to those found on BTC's Blockchain.info and you should see some overlap right away, since obviously 0.5 ~ 1 Tera hash/second hashrate would not just come out of nowhere.  Though obviously some of those on the banned list is likely innocent, since they are just relaying fake blocks from malicious attackers, or they could have been spoofed.

Are you using the latest client?  Because I thought the current difficulty is at 5255 and block number 104364.  Perhaps you are on one of the forked chain?

So the Terracoin development team is located in East Coast, United States?

I got into Terracoin at the start of this year to learn about the cryptocurrency network.  BTC is just too valuable to waste on test and experiment.  Believe me, I have learned so much thru TRC (including the current debacle) than I ever will via BTC.  Plus, the few active member such as Crazy Rabbit, Fuzzy Bear, and Walter Rothbard all seemed really nice (note the fuzzy animals and puppets in these user names).  So it is a real shame that TRC has come to this.  

I really don't understand why someone with 500 Giga to 1 Tera hash/second hashrate would attack the TRC network instead of making a load of money mining BTC.  Note that this attack has gone on for many days now, while BTC has gone all the way to USD$250 and beyond.  So instead of making up to $5,000 mining BTC everyday, this person is screwing around with the TRC chain and got maybe 50K~60K TRC coins, worth only $10,000 at the current exchange rate.  So the person basically spent $30,000~40,000 in lost opportunity cost to attack the TRC chain.  That frankly is not rational.  

But in any case, best of luck to the TRC team in trying to find the solution.  

I thought that's the reason Coinotron close down the TRC pool, pretty much all the blocks found by the pool was invalid.  Furthermore, the person who is attacking the TRC chain for days now, is still using the time-travelling exploit via really high hashrate, hashing 30 blocks in secret and then dump them all at once every hour (the dump used to be every 15~30 minutes).

Thank you for gracing us with your presence, your majesty.

Just to note that many who got in early are not doing it for money, but for ideological reason or intellectual/academic interest, hence quite unlikely to sell, especially for fiat.  In the 2011 crash, many also blamed the early adopter for cashing out and crushing the market, but that has turned out to be mostly false.   In any crash, it is the weakest hand that always get shaken out, because they can't afford to lose the money and/or lack conviction.   If one truly understand bitcoin and its implication, then one should care less about its market price, especially in fiat terms.

This is what I posted a few weeks ago on educating people about bitcoin.

"Also, try to dissuade people from promoting Bitcoins from an investment angle, i.e. its potential returns. Viewing Bitcoins in terms of fiat is completely missing the point, and hence totally irrelevant.  BTC is a tool or an "enabler" for the people against the government and the banks. If serfs and slaves escape a life of indenture by fleeing into the sewers, you should lead them out of the sewer and into a better life, not by leading them back to the old world of enslavement!  Bitcoins is the ticket into the sewers and hopefully out of it into a better world.  By thinking BTC in terms of fiat, and how much fiat one can made, one is at risk to becoming like Cypher from the movie Matrix, i.e. wishing that he had never learned the truth and leave the Matrix (fiat world) in the first place. They will be the first to betray Bitcoins if given enough incentive by the fiat world ruler."

That being said, having a deflationary currency by design and periodic mass exposure by the media, first in 2011 and now in 2013, is going to cause huge volatility in BTC exchange rate as people rush in and out, hoard and dump, from time to time.

So when someone‘s post count is at 1337, it shows up as "leet"?  As per Mike Christ above.

Presumably the said supercomputer is for academic research or corporate use,  and not owned by you?   If you had shown up a few weeks ago when LTC difficulty is at 14 to 16, you would account for about 25 to 30% of network hashrate.  But now even such hashrate is only 1.2 to 1.5% of network.  Also you seem to have very high stale/invalid at 10%.

Thankfully the developer reacted quickly.  Difficulty dropped all the way from 67000 to almost 0 then back to 45000!  Over 1000 blocks mined in the last few hours alone at near 0 difficulty.  I thought that it's related to the difficulty collapsing exploit explained by SunnyKing a few days ago.  Having network hash rate going from 100~200 Giga hash/second to 4.5 Tera hash/second, then back down again is just crazy.  This is almost as bad getting 51% attacked by a pool. 

I have seen the estimated hash rate of TRC network going from 4.5 Tera hash/second to less than 200 Giga hash/second over the last 10 hours.  Similarly, in the last 10 hours, the difficulty has gone from 2000+ to nearly 60000 now, with blocks being solved every 30 seconds to no block being solved during an entire hour.  Surely someone is directing huge amount of hash power in and out of TRC network.  Is this the "intended" and "expected" performance of TRC network given the recent obligatory TRC client fix/update?

Terracoin network now has an estimated hashpower over 4.5 Tera hash/second!  I thought that it must have been a mistake, but then again people and the mining pools may have finally finished the obligatory upgrade to the latest client.   PPC has close to 2 Tera hash/second as well.

Received.

Thanks!

Is there something wrong with the PPC network today?  Only 3 Proof of Work blocks are found today and the estimated hashrate is all the way down to a low of 10 G Hash/Second!  Is there something that I am unaware of post-update 2 days ago?  

4XbuY3tg87uQSVJDritdDKPjL2NDnh8bNG

Thanks in advance.   

1MXk9BDmL3z8TBMkDZfapzu3K5ecMMYj8E

Thanks in advance.   

Congratulation.  This is much faster than expected, likely due to the renewed interests across all Alt cryptocurrencies, even long dead ones like coiledcoins.  Any idea about the current hash rate of the FRC network, post difficulty drop?

Thanks for the details on how the system actually works.  As most of us would not have had enough PPC or the time dedicated to test it empirically.