Difficulty has increased to 55882!
Re: Difficulty has increased to 55882!
It'll be near the 14/07 and a difficulty of 60/70% (rough estimates). This is the boomerang effect :p
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
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GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
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My bitcoin Identity - Send messages to bitcoin users
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Re: Difficulty has increased to 55882!
Good, makes things more interesting.khal wrote:I'll be near the 14/07 and a difficulty of 60/70% (rough estimates). This is the boomerang effect :p
If prices stay the same or rise (NMC side), there will probably be BTC miners switching to NMC miners after the next BTC difficulty increase, If not, then there will be after the NMC difficulty adjustment (decrease).
Us miners (short term gain) are suffering from duel personality disorder ... BTC miner, NMC miner, BTC miner, NMC miner,
Khal, do you know where I can get info on coding (php) difficulty increase for NMC and BTC. I wish to set up a dynamic display on the site I am on ? Crypto Currency on Max in Montreal
Much like your http://dot-bit.org/tools/nextDifficulty.php
Re: Difficulty has increased to 55882!
A better estimation with the new algo of http://dot-bit.org/tools/nextDifficulty.php :
Date : 11/07/2011 17:42
Difficulty : 32268.31
Ratio : x0.58
Date : 11/07/2011 17:42
Difficulty : 32268.31
Ratio : x0.58
I use a patched version of namecoin to get raw block data (like the one on blockexplorer for bitcoin) and i use the time difference to calculate all data.Chucksta wrote:Khal, do you know where I can get info on coding (php) difficulty increase for NMC and BTC. I wish to set up a dynamic display on the site I am on ? Crypto Currency on Max in Montreal
Much like your http://dot-bit.org/tools/nextDifficulty.php
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
Re: Difficulty has increased to 55882!
Thanks Khal, for the info
I like the new look of the difficulty page.
It looks like we are going to get an instant difficulty adjustment of 62% decrease. My guess will be no later than 12 noon GMT tomorrow (24th of June)
I like the new look of the difficulty page.
It looks like we are going to get an instant difficulty adjustment of 62% decrease. My guess will be no later than 12 noon GMT tomorrow (24th of June)
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Re: Difficulty has increased to 55882!
I think you read it wrong. The next difficulty adjustment is estimated to occur somewhere around the middle of July. Probably a month away if the network gets any slower. I think for any new bitcoin related currencies learning from the namecoin experience, one thing to do would be to reduce the difficulty adjustment time. It's too easy for big power to come and go causing having with block times.Chucksta wrote:My guess will be no later than 12 noon GMT tomorrow (24th of June)
Re: Difficulty has increased to 55882!
oh....doublec wrote:I think you read it wrong. The next difficulty adjustment is estimated to occur somewhere around the middle of July. Probably a month away if the network gets any slower. I think for any new bitcoin related currencies learning from the namecoin experience, one thing to do would be to reduce the difficulty adjustment time. It's too easy for big power to come and go causing having with block times.Chucksta wrote:My guess will be no later than 12 noon GMT tomorrow (24th of June)
what does the instant part mean ?
I thought that was some sort of sageguard, applied if too many or too few coins are being mined. In this case, too few. Therefore need to make it easier to find the coins.Instant 14759-14879 23/06/2011 12:18 21'190.34 x0.38
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Re: Difficulty has increased to 55882!
'Instant' is just the difficulty based on the time taken to mine the last 120 blocks. It gives an idea of the actual network hash rate. The date on that is the date of the last block (block 14879).Chucksta wrote:what does the instant part mean ?
Instant 14759-14879 23/06/2011 12:18 21'190.34 x0.38
Re: Difficulty has increased to 55882!
ah, okay, cooldoublec wrote:'Instant' is just the difficulty based on the time taken to mine the last 120 blocks. It gives an idea of the actual network hash rate. The date on that is the date of the last block (block 14879).Chucksta wrote:what does the instant part mean ?
Instant 14759-14879 23/06/2011 12:18 21'190.34 x0.38
Re: Difficulty has increased to 55882!
Hopefully at some point a cross miner will be created to avoid this problem.doublec wrote:Chucksta wrote:I think for any new bitcoin related currencies learning from the namecoin experience, one thing to do would be to reduce the difficulty adjustment time. It's too easy for big power to come and go causing having with block times.
Re: Difficulty has increased to 55882!
It's likely though that after two BTC difficulty increases the hashrate will return to namecoin (or after one if the price increases). This will definitely happen before middle of July. Eventually it should settle down around the point where NMC and BTC are equally profitable.