How much hashing power do we need?
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What we need is more difficulty adjusts under our belt. There are 75 blocks to go till the next retarget. We got mined up to a very high difficulty by the initial miners and have opted to go for a slow recovery to avoid being mined into that position again. Once we get back on target the miners would not be able to push us to such a high difficulty again before becoming unprofitable again as the adjusts are smaller.
The next difficulty adjust will see the block become 41.4% easier to mine so miners will get that many more coins and the network will go that much faster. With these two we will be able to attract additional miners.
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[quote name=“Bushstar” post=“7825” timestamp=“1369838730”]
What we need is more difficulty adjusts under our belt. There are 75 blocks to go till the next retarget. We got mined up to a very high difficulty by the initial miners and have opted to go for a slow recovery to avoid being mined into that position again. Once we get back on target the miners would not be able to push us to such a high difficulty again before becoming unprofitable again as the adjusts are smaller.The next difficulty adjust will see the block become 41.4% easier to mine so miners will get that many more coins and the network will go that much faster. With these two we will be able to attract additional miners.
[/quote]I want to start offering FTC for multi currencies, have started asking for favours from my network. However when I realised that the confirmations were 3 days I realised I needed to look at this problem. Are there any measurables you can tell me? What hashrate over all? How many miners at what hash rate do we need?
Thanks
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You guys know how long the retarget might take?
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[quote name=“drummerjdb666” post=“7844” timestamp=“1369842990”]
You guys know how long the retarget might take?
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oh yea hey that was an easy answer! HAHA!
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i would like to postulate that we are actually better getting to the next target [i]without[/i] temporary help
i may be wrong, but now that we are doing retargets each 504 blocks, if we can establish a base line of more permanent miners (vs those attracted by one time bounties) then the retarget logic that bushstar put in place will be able , over a few cycles, to get things back on track where we are making clear progress without the need for temporary miners/bountiesat that point we’ll be able to attract new long term miners , again vs the fly by night coin hoppers that can actually cause problems with quick hash rate changes
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[quote name=“FoBoT” post=“7873” timestamp=“1369849566”]
i would like to postulate that we are actually better getting to the next target [i]without[/i] temporary help
i may be wrong, but now that we are doing retargets each 504 blocks, if we can establish a base line of more permanent miners (vs those attracted by one time bounties) then the retarget logic that bushstar put in place will be able , over a few cycles, to get things back on track where we are making clear progress without the need for temporary miners/bountiesat that point we’ll be able to attract new long term miners , again vs the fly by night coin hoppers that can actually cause problems with quick hash rate changes
[/quote]I agree, while the bounties helped us get to block 33,000 and this was a good thing, we don’t want to become dependent on them, a slower but natural progression is better if you ask me. We’ll get there, only 71 blocks to go.
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You guys have had my axe (rig) for 2 weeks now. I’ll keep it mining at FCPool.com. :)
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You should j[quote name=“PhantomSTi” post=“8014” timestamp=“1369891216”]
You guys have had my axe (rig) for 2 weeks now. I’ll keep it mining at FCPool.com. :)
[/quote]You should check out the new layout and jump on ftc.d2.cc
If your a heavy hasher we could use another! almost half the speed of vern’s pool right now :/
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[size=18pt][shadow=red,left][glow=red,2,300]DO IT!!![/glow][/shadow][/size]
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52 blocks left. Maybe a small push will bring it within 2 days.
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[quote name=“d2” post=“8114” timestamp=“1369926910”]
[quote author=Red Mist link=topic=1001.msg8104#msg8104 date=1369925549]
52 blocks left. Maybe a small push will bring it within 2 days.
[/quote]It depends entirely on how many block average is used for the adjustment. I don’t recall reading or know if it was posted but seeing as they have current network hashrate on the stats page showing previous 60 blocks, I would tend to err on the side of caution.
If the 60 block average is used to calculate retarget, then the last 52 getting a significant boost could destroy our 41.4% difficulty drop but perhaps they are using previous 504 block average. If anyone knows which, I’d be interested to know.
[/quote]It is only the stats page that uses the 60 block average. Retarget is calculated from the previous 504 blocks.
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[quote name=“drummerjdb666” post=“8019” timestamp=“1369892391”]
You should j[quote author=PhantomSTi link=topic=1001.msg8014#msg8014 date=1369891216]
You guys have had my axe (rig) for 2 weeks now. I’ll keep it mining at FCPool.com. :)
[/quote]You should check out the new layout and jump on ftc.d2.cc
If your a heavy hasher we could use another! almost half the speed of vern’s pool right now :/
[/quote]I’m not really a heavy hasher. Just have 1 7950 doing around 500-550 KH/s all day. I’ll check that pool out though. :)
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[quote name=“PhantomSTi” post=“8163” timestamp=“1369938828”]
[quote author=drummerjdb666 link=topic=1001.msg8019#msg8019 date=1369892391]
You should j[quote author=PhantomSTi link=topic=1001.msg8014#msg8014 date=1369891216]
You guys have had my axe (rig) for 2 weeks now. I’ll keep it mining at FCPool.com. :)
[/quote]Still much faster than my 135kh/s gtx 660!!! :p
You should check out the new layout and jump on ftc.d2.cc
If your a heavy hasher we could use another! almost half the speed of vern’s pool right now :/
[/quote]I’m not really a heavy hasher. Just have 1 7950 doing around 500-550 KH/s all day. I’ll check that pool out though. :)
[/quote]
