Hashrate is picking up
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I was really quite pleased with the hash rate / difficulty adjust / etc… . I think we gained about a 35% reduction in difficulty at the last change and only lost about 7% in exchange value. Therefore profitability went up to 70 or so %. If this continues into the next adjustment then it will make things even more attractive for miners.
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[quote name=“Pathosverdes3” post=“9065” timestamp=“1370273080”]
block time and network hash is hilarious.
Not sure that it’s even technically possible but i believe that the hard fork should have reset not just the 504 block count but also the current difficulty to a reasonable value that matched the hash rate of the network at that point. This is taking way too much time to reach acceptable values.
[/quote]Again. You can have acceptable values quickly and short lived or wait and have them stable. Time * variation is a constant. This is money printed by the users not money trickled by a bunch of banksters. The users end up with as much responsibility as they get freedom.
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[quote name=“justabitoftime” post=“9068” timestamp=“1370273287”]
[quote author=Pathosverdes3 link=topic=1161.msg9065#msg9065 date=1370273080]
block time and network hash is hilarious.
Not sure that it’s even technically possible but i believe that the hard fork should have reset not just the 504 block count but also the current difficulty to a reasonable value that matched the hash rate of the network at that point. This is taking way too much time to reach acceptable values.
[/quote]I can’t speak to hilarious, I laugh quite a bit throughout my day but generally not about hashing and forking. Although the joke about spooning leading to forking always made me grin, but that’s another tangent.
Some agree, some disagree… I simply accept. This is the hand we’re dealt with, how we respond as a community is all that matters.
[/quote]We got a spork not a spoon or a fork. It’s the result of all this touchy feelly stuff. The power of the Spork is ever so evident and can’t be ignored!!
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[quote name=“jeremiel” post=“9106” timestamp=“1370282870”]
The power of the Spork is ever so evident and can’t be ignored!!
[/quote]
[img]http://4.bp.blogspot.com/_0ppLhuA3OSo/TCTm8r_T6zI/AAAAAAAABRk/pAPvC2ByWe0/s1600/spork-notesjpg.jpg[/img] -
This is very good news!
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Hope it keeps growing. It has a long way to go. I’m only making 24 of the estimated 106 FTC a day right now. :'(
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[quote name=“Radacoin” post=“9034” timestamp=“1370263603”]
Yes, hashrate stabilizes. [b]But …[/b]At the current hashrate (180 GH/s) difficulty should be at 5.8 to reach our block target of 2.5 minutes. But at the moment difficulty is at 94 (and because of this we only get a block every 40 minutes).
So either one of those must happen to get back to “normal” (finding a block every 2.5 minutes):
- Network hashrate has to go up to 2880 GH/s
or - difficulty has to go down to 5.8. But because difficulty is only adjusted max.[b] %41 per 504 blocks[/b] we have to wait for 8 of those retargets.
God or bad thing. I don’t know. History will show.
[/quote]I was under the impression that the 41% max was only to the upside in difficulty. Not to the downside.
Please correct me if my assumption is wrong.
- Network hashrate has to go up to 2880 GH/s
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No it’s 41.4% both ways.
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[quote name=“sheepson” post=“9120” timestamp=“1370288974”]
No it’s 41.4% both ways.
[/quote]Link?
After speaking with Bushstar that was the impression I was getting that it was a difficulty ceiling change not a floor change.
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[quote name=“zythen” post=“9114” timestamp=“1370286796”]
Hope it keeps growing. It has a long way to go. I’m only making 24 of the estimated 106 FTC a day right now. :'(
[/quote]Huh? What pool are you with? My estimated is only 53’ish off 1260kH/s and I earnt 62 yesterday and so far 41 today (with a block needing 6 confirms for approx another 11) - And this is with wemineftc :o (whom incidentally I have never had any issues with)
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[quote name=“Smoothie” post=“9121” timestamp=“1370289225”]
[quote author=sheepson link=topic=1161.msg9120#msg9120 date=1370288974]
No it’s 41.4% both ways.
[/quote]Link?
After speaking with Bushstar that was the impression I was getting that it was a difficulty ceiling change not a floor change.
[/quote]AFAIK this is correct Smoothie - both ways.
Relating to block 33,000
[quote]After this block the difficulty will now adjusted in multiples of 504 making the difficulty adjust four times faster than Litecoin. The difficulty can change by a maximum of 41.4%. [/quote]Link = Tools >> Stats
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[quote name=“Smoothie” post=“9121” timestamp=“1370289225”]
[quote author=sheepson link=topic=1161.msg9120#msg9120 date=1370288974]
No it’s 41.4% both ways.
[/quote]Link?
After speaking with Bushstar that was the impression I was getting that it was a difficulty ceiling change not a floor change.
[/quote]Without the floor change as well we would have the same flood and then difficulty would never be high enough to prevent a centralization of coins.
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Okay thank you for clarifying that.
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[quote name=“UKMark” post=“9122” timestamp=“1370289439”]
[quote author=zythen link=topic=1161.msg9114#msg9114 date=1370286796]
Hope it keeps growing. It has a long way to go. I’m only making 24 of the estimated 106 FTC a day right now. :'(
[/quote]Huh? What pool are you with? My estimated is only 53’ish off 1260kH/s and I earnt 62 yesterday and so far 41 today (with a block needing 6 confirms for approx another 11) - And this is with wemineftc :o (whom incidentally I have never had any issues with)
[/quote]I’m on give-me-ftc w/ a hash rate around 2.4Kh/s. I’m thinking I need to change then. :(
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[quote name=“zythen” post=“9134” timestamp=“1370292029”]
[quote author=UKMark link=topic=1161.msg9122#msg9122 date=1370289439]
[quote author=zythen link=topic=1161.msg9114#msg9114 date=1370286796]
Hope it keeps growing. It has a long way to go. I’m only making 24 of the estimated 106 FTC a day right now. :'(
[/quote]Huh? What pool are you with? My estimated is only 53’ish off 1260kH/s and I earnt 62 yesterday and so far 41 today (with a block needing 6 confirms for approx another 11) - And this is with wemineftc :o (whom incidentally I have never had any issues with)
[/quote]I’m working with gimme to figure out what’s going on. they’re the fastest to upgrade and repair.
I’m on give-me-ftc w/ a hash rate around 2.4Kh/s. I’m thinking I need to change then. :(
[/quote] -
[quote name=“zerodrama” post=“9141” timestamp=“1370292814”]
[quote author=zythen link=topic=1161.msg9134#msg9134 date=1370292029]
[quote author=UKMark link=topic=1161.msg9122#msg9122 date=1370289439]
[quote author=zythen link=topic=1161.msg9114#msg9114 date=1370286796]
Hope it keeps growing. It has a long way to go. I’m only making 24 of the estimated 106 FTC a day right now. :'(
[/quote]Huh? What pool are you with? My estimated is only 53’ish off 1260kH/s and I earnt 62 yesterday and so far 41 today (with a block needing 6 confirms for approx another 11) - And this is with wemineftc :o (whom incidentally I have never had any issues with)
[/quote]I’m working with gimme to figure out what’s going on. they’re the fastest to upgrade and repair.
I’m on give-me-ftc w/ a hash rate around 2.4Kh/s. I’m thinking I need to change then. :(
[/quote]
[/quote]I am over there on give-me-ftc as well and I found the last block. The more people mining the higher consistency we will have for getting blocks. It seems like we had a pretty bad streak going for a while. Once the diff goes down we should see more consistently found blocks.
I really like give-me-ftc a lot and they have by far the lowest reject rate of all the pools I have been in at about .05% to .1% and the servers always run smooth.
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Yeah it’s pretty rough.
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Just looked at the current network hashrate and it’s just below 200 KHashes at the moment… almost double of what it was before the last retarget, right? :) :) :)
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We are climbing, steady.
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Over 200 now!
