GoldCoin Talk

Main Category => Mining & Pools => Topic started by: hyoshi on June 12, 2013, 01:48:23 PM

Title: Difficulty dropped to 5 - Hard fork set
Post by: hyoshi on June 12, 2013, 01:48:23 PM

Difficulty changed to 5.19117538 - just under profitability as LTC, at the bid of .00071and pretty much even profitability VS LTC at the ask of .00081

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: bobbix on June 12, 2013, 02:32:58 PM

was this expected or was it thought to go lower?

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: Dayne on June 12, 2013, 03:28:57 PM

I think this is expected. It wasn't going to drop straight away, it will probably go lower again in 500 blocks in the network has rate has not increased by then. Don't quote me on that though.

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: akumaburn on June 12, 2013, 04:01:20 PM

Quote from: Dayne on June 12, 2013, 03:28:57 PM

I think this is expected. It wasn't going to drop straight away, it will probably go lower again in 500 blocks in the network has rate has not increased by then. Don't quote me on that though.

We are at 63% profitability which is dismal to say the least.

Hopefully the difficulty drops once again soon. I hope the dev has moved the difficulty adjustment time to lower than 200 blocks for everyone's sake.

I hate seeing stupidity ruin golden opportunities like this, but I guess I am forced to be more patient with it.

Profitability needs to stay at 98-105% for at least a week for us to grow measurably. Preferably 120%.

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: Dayne on June 12, 2013, 04:03:10 PM

I thought that is was going to be set to 128, but now I hear it's at 504.

What are the downsides to having a lower difficulty adjustment?

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: akumaburn on June 12, 2013, 04:05:46 PM

Quote from: Dayne on June 12, 2013, 04:03:10 PM

I thought that is was going to be set to 128, but now I hear it's at 504.

What are the downsides to having a lower difficulty adjustment?

None that I know of  :-\

Lets hope this week of paid mining gets us the blocks we need.

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: AZIZ1977 on June 12, 2013, 04:11:10 PM

Quote from: Dayne on June 12, 2013, 04:03:10 PM

I thought that is was going to be set to 128, but now I hear it's at 504.

What are the downsides to having a lower difficulty adjustment?

coinchoose hasnt adjusted the difficulty rate. Its still using the 7.34 diff.

Title: Re: Difficulty dropped to 5 - Hard fork set
Post by: Marink on June 13, 2013, 01:26:56 PM

Next diff adjust = profitability skyrocket ;)