Move FTC to factor four diff swing over 7 days
-
Although I agree the rises and falls are profits if we only plan of thinking of crypto as a commodity. But the reality of wanting mass adoption of public or the use of merchant services relies in the smooth and consistent. Realistically attracting more investors in the process. Its hard to explain to a potential merchant that this transaction should process in a few minutes, or ten, or one, or ten…
The large sway in diff makes miners jump on and off (fair enough)… but its adjust tends to compound the time per block. As diff goes up 41% the time per block can go up 300%, and time to adjust looked like 24hrs is now 3 days…its a snowball effect.
My thoughts are with future stable adoption
-
groll and zerodrama also have concerns about real time difficulty adjusts. This is not the right time to go with real time difficulty adjusts so let’s move on from that discussion please.
The concern is that 18/504 or 9/252 is too slow to move when there are large shifts in the market. In short no one likes my idea of moving to 400% over 5 days so we’ll stick with 400% over 2.5 days.
On the other difficulty threads the most popular “conventional” solution was 9/126.
I suggest that we go with this a week after ACP is in.
-
At the risk of stating the obvious - what’s so bad about my previous suggestions of 9/126?
I’t nimble enough to adjust to big swings in the market and hash rate and there’s enough time for profit miners to make a quick a buck and move on. And above all, ultimately we are at the same overall max adjusts as currently.
…Or should i get my coat?
-
[quote name=“Bushstar” post=“26787” timestamp=“1377934884”]
groll and zerodrama also have concerns about real time difficulty adjusts. This is not the right time to go with real time difficulty adjusts so let’s move on from that discussion please.The concern is that 18/504 or 9/252 is too slow to move when there are large shifts in the market. In short no one likes my idea of moving to 400% over 5 days so we’ll stick with 400% over 2.5 days.
On the other difficulty threads the most popular “conventional” solution was 9/126.
I suggest that we go with this a week after ACP is in.
[/quote]And some how i completely missed this post! Still - good to know we’re both singing from the same hymn sheet. :D
-
[quote name=“Nutnut” post=“26796” timestamp=“1377948328”]
[quote author=Bushstar link=topic=3447.msg26787#msg26787 date=1377934884]
groll and zerodrama also have concerns about real time difficulty adjusts. This is not the right time to go with real time difficulty adjusts so let’s move on from that discussion please.The concern is that 18/504 or 9/252 is too slow to move when there are large shifts in the market. In short no one likes my idea of moving to 400% over 5 days so we’ll stick with 400% over 2.5 days.
On the other difficulty threads the most popular “conventional” solution was 9/126.
I suggest that we go with this a week after ACP is in.
[/quote]And some how i completely missed this post! Still - good to know we’re both singing from the same hymn sheet. :D
[/quote]Same.
-
[quote name=“Bushstar” post=“26787” timestamp=“1377934884”]
groll and zerodrama also have concerns about real time difficulty adjusts. This is not the right time to go with real time difficulty adjusts so let’s move on from that discussion please.
[/quote]These concerns are resolved as they have been discussed already over a month ago and again. Risk of time warp attacks is minimised by reducing allowed future time from 2 hours to 30 minutes and increasing median sampling of the past blocks from 11 to 49 blocks (4 retargets 12 blocks each + 1 block).
http://forum.feathercoin.com/index.php?topic=2866.msg26089#msg26089
http://forum.feathercoin.com/index.php?topic=2847.msg22378#msg22378It makes me wonder why me, Groll, Wrapper and others try to develop solutions to improve Feathercoin if we get ignored? You could at least try our suggestions on the testnet or we can even set up some dummycoin for testing and even simulate a 51% attack with time warp on it.
I’m not saying that my model is perfect. If anyone wants to contribute and their suggestions prove to be superior, I accept them gladly. All I’m asking is to do extensive testing on various models before deciding on the hard fork. I wonder at your unwillingness to cooperate and pushing your settings which are clearly not optimal.
By the way, about 9% over 126 blocks settings. Phenixcoin switched to them yesterday. No miracle happened and they are raided by coin hoppers still. Most of the coins generated go straight to Cryptsy to be sold for BTC and the price is near bottom (0.00006 while it was reaching 0.00060 just 2 months back). Their network hash rate jumps between 30MH/s and 700MH/s. Actual block target also jumps wildly between several seconds and several minutes literally vs. 45 seconds nominal. How come do these settings work well for Feathercoin if they work bad for Phenixcoin?
And one more thing. Why do you keep mentioning 2.5 and 5 days for factor 4 difficulty increase? I’ve [url=http://forum.feathercoin.com/index.php?topic=3447.msg26589#msg26589]pointed out[/url] already that our factor 4 is 3.5 days and has always been (Sunny’s [url=https://github.com/FeatherCoin/FeatherCoin/commit/1f97245f17c92ad622955703a649c108757ed834#src/main.cpp]1st patch[/url]).
-
[quote name=“erk” post=“26804” timestamp=“1377957946”]
9% every 126 blocks is too slow, even for a 45sec coin, that’s like 95min. It would be worse on FTC. These hopping pools jump in less than 10min.Just look at the FTC block explorer. [b]When the FTC diff goes up, it typically takes less than 20 blocks before the block time is way too high, it only took 10blocks last time from 74088.[/b] I have punched the timestamps into a spreadsheet and looked at how quickly the changes are occurring. I use a 10 block moving average to smooth out the random fluctuations, and assume the target should be 150sec +/- 10%.
[/quote]That’s it. I’m getting sick of explaining why we really need frequent difficulty adjustments.
-
[quote name=“ghostlander” post=“26803” timestamp=“1377954681”]
These concerns are resolved as they have been discussed already over a month ago and again. Risk of time warp attacks is minimised by reducing allowed future time from 2 hours to 30 minutes and increasing median sampling of the past blocks from 11 to 49 blocks (4 retargets 12 blocks each + 1 block).http://forum.feathercoin.com/index.php?topic=2866.msg26089#msg26089
http://forum.feathercoin.com/index.php?topic=2847.msg22378#msg22378It makes me wonder why me, Groll, Wrapper and others try to develop solutions to improve Feathercoin if we get ignored? You could at least try our suggestions on the testnet or we can even set up some dummycoin for testing and even simulate a 51% attack with time warp on it.
[/quote]I never got back to you on this and I should have. I got some peer review of your suggestion without positive result and did not pick it up from there. We should get public feedback of the proposal and trial put it on the testnet. I was very stretched at the time and parked you solution.
[quote author=ghostlander link=topic=3447.msg26803#msg26803 date=1377954681]
I’m not saying that my model is perfect. If anyone wants to contribute and their suggestions prove to be superior, I accept them gladly. All I’m asking is to do extensive testing on various models before deciding on the hard fork. I wonder at your unwillingness to cooperate and pushing your settings which are clearly not optimal.
[/quote]Technically anything other than real time is not optimal. We want a difficulty patch that does not exclude profit miners and will not affect the market adversely. I am not convinced that your solution can cover those two points in the current crypto climate. I believe that you have a very technical focus but there are broader issues.
The miners want a difficulty fix now and I do not have the time to test and implement your solution to the level I would like to in only a few weeks. Past this upcoming change we have the move to 0.8 which is going to be a huge task on which your help would be greatly appreciated.
[quote author=ghostlander link=topic=3447.msg26803#msg26803 date=1377954681]
By the way, about 9% over 126 blocks settings. Phenixcoin switched to them yesterday. No miracle happened and they are raided by coin hoppers still. Most of the coins generated go straight to Cryptsy to be sold for BTC and the price is near bottom (0.00006 while it was reaching 0.00060 just 2 months back). Their network hash rate jumps between 30MH/s and 700MH/s. Actual block target also jumps wildly between several seconds and several minutes literally vs. 45 seconds nominal. How come do these settings work well for Feathercoin if they work bad for Phenixcoin?
[/quote]I know, they have profit miners and next to no loyal miners at the moment. Their recent patch which saw them take a tumble has been a learning experience for them.
[quote author=ghostlander link=topic=3447.msg26803#msg26803 date=1377954681]
And one more thing. Why do you keep mentioning 2.5 and 5 days for factor 4 difficulty increase? I’ve [url=http://forum.feathercoin.com/index.php?topic=3447.msg26589#msg26589]pointed out[/url] already that our factor 4 is 3.5 days and has always been (Sunny’s [url=https://github.com/FeatherCoin/FeatherCoin/commit/1f97245f17c92ad622955703a649c108757ed834#src/main.cpp]1st patch[/url]).
[/quote]Because I’m an idiot. At the top of my head I had Bitcoin at 10 days when everyone knows it is 14 days.
Is there any possible way that you could come to the Feathercoin meet in Oxford? It would be excellent to have you there. Let me know if you need help getting here.
-
[quote name=“Bushstar” post=“26869” timestamp=“1377985988”]
Technically anything other than real time is not optimal. We want a difficulty patch that does not exclude profit miners and will not affect the market adversely. I am not convinced that your solution can cover those two points in the current crypto climate. I believe that you have a very technical focus but there are broader issues.[/quote]Making bet on profit miners is not good. That’s Terracoin way. They will not help us willingly if anything bad happens. Loyal miners will do. All miners don’t mind profits though. However, long term profits come from merchants and institutional investors, and merchants they don’t want large difficulty jumps influencing actual block target to unpredictable levels. It hurts business simply.
If we please loyal miners, we also please real world business people. Some of the coin hoppers will also come. My observation shows that we’ve lost a fairly large share of loyal miners recently. We have less than 15% of them vs. over than 85% of coin hoppers. That’s still 10 times more of what we’ve had in May.
[quote author=Bushstar link=topic=3447.msg26869#msg26869 date=1377985988]
The miners want a difficulty fix now and I do not have the time to test and implement your solution to the level I would like to in only a few weeks.[/quote]Of course they want a difficulty fix. On the other hand, you see 9%/126 doesn’t work well for Phenixcoin with their block target of 45 seconds, and Erk has pointed out that it’s going to be only worse with our block target of 2.5 minutes. Let’s concentrate our efforts on something better. I’m sure we can prepare a couple of models for testnet in just a few days. There are people who can help. If everything goes as planned, we can make a release in 2 weeks.
[quote author=Bushstar link=topic=3447.msg26869#msg26869 date=1377985988]
Is there any possible way that you could come to the Feathercoin meet in Oxford? It would be excellent to have you there. Let me know if you need help getting here.[/quote]I’m doing business currently on the other end of the EU. If I have a chance to get back to the UK some day, I’m sure to pay a visit to Oxford :)
-
erk, agreed, it has to be very fine grained to get us to 2.5 minutes. 252 blocks is too slow and 18% is too big.
Ghostlander, I remember the main concern with the time warp fix was that it would hard fork. Well, we now have a hard fork coming up.
9/126 was a popular idea in the community and I can see no danger in it. I can see this solution being very suitable for some time to come.
erk and Ghostlander are very keen for very fine adjustments. Zerodrama, groll and I see the benefit in a more conventional solution. The majority want to see the 41.4% swing reduced. We can at least please the later to.
I will implement and test the 9/126 code change and Ghostlander’s changes to make time warp attacks more costly and less effective.
-
Peter, would you keep 504 blocks averaging window at least? 126 blocks averaging is too small. We shall be experiencing many 9% swings with it.
-
[quote name=“ghostlander” post=“26917” timestamp=“1378040548”]
Peter, would you keep 504 blocks averaging window at least? 126 blocks averaging is too small. We shall be experiencing many 9% swings with it.
[/quote]Okay, so please help with this conventional solution. 41.4% is too wild but 9% seems agreeable to miners, but with current diff change/block ratio that works out at 9/126.
One of the questions I was getting at in this thread was, do we need to be able to adjust difficulty by 400% over 3.5 block days?
I was hoping that question might lead to a slower adjust that could perhaps be more frequent like 9/252. We cannot have 9/504 or we will be Bitcoin slow.
The question now is that considering the solution at hand, what values would you suggest knowing that 41.4% is too great?
-
41% is too wild if done in one increment over 504 blocks. There is absolutely no problem if we do 41% over the same range in many smaller increments. In fact, we’re unlikely to reach those 41% under regular conditions as coin hoppers will go elsewhere half way if not sooner.
My idea of those increments as small as 12 blocks doesn’t seem to to be accepted warmly. Alright, I can live with it. Let it be 126 blocks. That’s 10x coarser granularity, but still better than 504 blocks at once. I’m not asking for 9% over 504 blocks at once. I’m asking for 9% over 504 blocks every time we retarget at 126 blocks. To be correct, 9% over a moving average of the past 504 blocks. We still maintain factor 4 over 3.5 days.
By the way, 9% is 1.0905077 difficulty limiter with the closest integer pair of 494 and 453. The rest of the patch is a breeze.
[quote name=“erk” post=“26919” timestamp=“1378042506”]
We have already been down this path months ago with the net stats on this site being wildly inaccurate from the averaging being over way too many block. Bush ended up reducing it to 60.
[/quote]Reducing to 30 works even better for the net stats. They’re supposed to show current network hash rate and nothing more. Doing difficulty calculations on such small window is not good.
-
[quote name=“d2” post=“26930” timestamp=“1378049246”]
[b]The smaller the difficulty adjustments, the faster they need to be performed.[/b]
[/quote]Indeed. The question is what averaging window to choose. Small allow for difficulty spikes, large are too slow. 504 blocks linear seems to be a very good choice. Maybe 2K blocks EMA (exponential moving average) window is also good, it needs to be researched further and we’re out of time.
Here is a graph of our network hash rate and difficulty for the last 2 weeks. We’ve had about 1.7GH/s of loyal miners and 9GH/s (12GH/s peak) of coin hoppers. 15% vs. 85%
[attachment deleted by admin]
-
[quote name=“ghostlander” post=“26929” timestamp=“1378048450”]
By the way, 9% is 1.0905077 difficulty limiter with the closest integer pair of 494 and 453. The rest of the patch is a breeze.
[/quote]Excellent, thanks for that.
I will prepare the changes and post a link on the forum for review.
-
[quote name=“erk” post=“26977” timestamp=“1378068917”]From that graph, you can see the point I was making earlier, the hash rate does not take very many block to change either up or down. Less than 20 usually.
[/quote]We would hope to see more stick around overall as there will no longer be a 41.4% swing after the next patch. People need not be so quick to move after the next patch.
-
Good, we want the profit miners to clear off once in a while :) Not all miners use multipools or have automated scripts. Our miners are a really good bunch of people some of whom have to worry about ROI and need to pay the bills. Their point is that they cannot stick around for a large difficulty swing and it is not a huge effort to make the difficulty more agreeable to them before we start the move to the 0.8 codebase.
-
time wrap is link to retarget so i first talk about time wrap and after about the retarget.
I made a small analysis previously on the time wrap issues, and we had other discussion in many thread about ithttp://forum.feathercoin.com/index.php?topic=3077.msg23696#msg23696
the adjust time(now 35 min) need to be lower then the time window(now 2h) and the number of sampling for the median be the normal block rate for the time window -1(now 11 as it comes from bitcoins 2h is 12 block we have 48 should be 47)
Ghostlander proposed 30 min for time window so time adjust need to be change to let say 15 min and we can keep the 11 blocks (he proposed 49)
you need to know that higher the median number allow time wrap in the past for a greater period. 49 would means a block would be accept with a time of the 25 back block in normal condition a bit more then 1h, but would also result in a >4h with 10 minutes between block we sometimes get.
this number of block would be very very dangerous with a lower sampling range.with ACP in place i would also had the proposal i made in the post of taking upper of (the median or the previous block -2 time time window). so been unable to orphan blocks we are assure that every time a legit block is found a time wrap block can be added that is more than 1h back(2*30 min) so even a 51% can’t continuously make a time warp.
with 30min window we can go with anything > 75 as sampling in my view. with the actual 2h i would say 250 is the minimum. the big issue is not a one time used as it will just reset next retarget.(not funny but not too damaging) the bigger issue is when it can be used partially several times to change the retarget in a an opposite way so 2h/10.5h is 19%.
the interesting point from the grap was that we where nearly on target on 27 at 194 with some hoppers still in then down a bit at 186 and get all hopper to get us a 260 and now back at 186 and mosty at good point. so we overshoot too much in range in the retarget. on 27 194 to 192 would have done the job. now if we move more then 5% 1-2% would be enough to put us in correct place. moving a fraction of the time would help greatly and if we are way off we would get so off that the fraction would still hit the limiters like the 260 to 186 where we got ~300. hopper don’t switch on same formula so if we can get pretty stable around the middle of the hoppers group we will surf the wave.
so now we have 41.4 over 504
talk was about :
18 over 504
9 over 252
9 over 126 (linear to original that would be 4.5)i would say the shorter the smaller the limiter I would put. 41.4 over 504 is the max and seems to be more then enough. 18 can be a bit slow, not sure as chart over 7 and 14 days show very slow change of 5-7% per day max.
with the time warp corrected: I would say 7% over 126 with a .25 factor of actual the diff adjustment calculation. so actual >28% would becomes 7% and 8% becomes 2%. this would account for the hoopers movement after the diff change. as hash rate is not a constant in ALT case as it was for BTC.
-
Thanks for your time on this groll. With a hard fork coming up we can finally patch these fixes in.
I will send you, ghostlander and wrapper0feather a link so we can work on it together.
Can you explain the last part about using a .25 factor of the diff adjust?
[quote]with the time warp corrected: I would say 7% over 126 with a .25 factor of actual the diff adjustment calculation. so actual >28% would becomes 7% and 8% becomes 2%[/quote]
-
[quote name=“groll” post=“27000” timestamp=“1378094049”]
you need to know that higher the median number allow time wrap in the past for a greater period. 49 would means a block would be accept with a time of the 25 back block in normal condition a bit more then 1h, but would also result in a >4h with 10 minutes between block we sometimes get.
[/quote]Although we are unlikely to run into 10 minutes actual block targets often with more frequent retargetting every 126 blocks, we can keep median of 11 past blocks probably with 30 minutes future limit. On the other hand, larger past median makes it more difficult for the attackers to manipulate median time stamps as they have to maintain superior hash power over larger time frame. It is also interesting if a complex rule can be developed such as MAX(median of 11 last blocks, current time - 30 minutes) to make sure both ends are symmetric in the worst case as we are not likely to have actual block target above 30 minutes.
[quote author=groll link=topic=3447.msg27000#msg27000 date=1378094049]
this number of block would be very very dangerous with a lower sampling range.
[/quote]That’s why I suggest to keep 504 blocks averaging window as it reduces this effect much better than smaller 126 blocks one.
