[OFFICIAL] Current GoldCoin Network Status Report

[MicroGuy]

A minor bug has been discovered in the code that is causing an unintended drop in mining difficulty.

Like Fort Knox, the 51% attack defense is designed to keep your Gold safe and secure from the bad guys. This new defense system is unique to anything ever seen in cryptocurrency and perhaps not unlike the way Satoshi would have approached the issue had he stuck around and continued his work on Bitcoin.

Of course, one of the consequences of great technical innovation is that sometimes there can be kinks in the machinery, think "Wright Brothers". Well, the kinks in the new code have been identified and the development team is currently working on a solution. We expect to release a maintenance patch within the next 12 to 36 hours or sooner. This should allow mining operations to return to normal.

And please rest assured than during this entire process transactions will remain reliable and secure. 

EDIT: This was a quick write-up. I'll add some more to this when I have some time.

[superbleester]

Thank you very much for the update! The information is greatly appreciated!

[GoldNow]

Cool, thanx for the info MicroGuy.

[MrJohnny5]

Keep up the excellent work team Gold!

[MicroGuy]

Thanks for the kind words of encouragement! 

Sorry if I've been a little grumpy today I lit up some Frankincense in my office and became overwhelmed with smoke because I put too much frank on the fire. I kid you not. You know what they say about too much of a good thing.

Anyway that led to a massive migraine type head-thumper and sick stomach. If a hit the ban button too quick today that may have played a role.    I feel better now and my office is finally clear of smoke.

In regards to the update, the guys are still turning a few dials and tightening a couple of screws.

More news to follow........

[superbleester]

Thanks for the kind words of encouragement! 

Sorry if I've been a little grumpy today I lit up some Frankincense in my office and became overwhelmed with smoke because I put too much frank on the fire. I kid you not. You know what they say about too much of a good thing.

Anyway that led to a massive migraine type head-thumper and sick stomach. If a hit the ban button too quick today that may have played a role.    I feel better now and my office is finally clear of smoke.

In regards to the update, the guys are still turning a few dials and tightening a couple of screws.

More news to follow........

Honestly man, you put so much work into creating this community you deserve to be grumpy every once in a while 

[garcpu]

No worries MicroGuy. Glad to hear you are feeling better. Your efforts are greatly appreciated. Keep it up

[MicroGuy]

No worries MicroGuy. Glad to hear you are feeling better. Your efforts are greatly appreciated. Keep it up

Thanks man.

[MicroGuy]

Goldcoin Version 0.7.1.6 release is imminent.

[the56ker]

Goldcoin Version 0.7.1.6 release is imminent.

thank you and the DevTeam for all the hard work been checking forums every 30minutes since for the past 5hrs hopefully release in the next hour?

[MicroGuy]

Goldcoin Version 0.7.1.6 release is imminent.

thank you and the DevTeam for all the hard work been checking forums every 30minutes since for the past 5hrs hopefully release in the next hour?

Something like that but please keep in mind it will take 2 to 3 days for the changes to have complete effect.

[superbleester]

Goldcoin Version 0.7.1.6 release is imminent.

thank you and the DevTeam for all the hard work been checking forums every 30minutes since for the past 5hrs hopefully release in the next hour?

Something like that but please keep in mind it will take 2 to 3 days for the changes to have complete effect.

So will we be able to mine until the changes take effect in the block chain?

[MicroGuy]

You can mine now but operation will improve gradually as difficulty becomes fully re-balanced.