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Offline NewMine

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From: http://mrx.im/pts.php?cpm=4270

*new numbers edit

Blocks to retarget: 3098
Measured: 23.16%
Estimated difficulty: 0.00632337 (15.34%)
Time to retarget: 111d 07:06:46 (2014-08-26 07:34:58 UTC+9)

Network hashing speed:
Last 100 blocks: 3,557,881.87 cpm ETA: 107d 00:58:55
Last  50 blocks: 3,421,845.28 cpm ETA: 111d 07:06:46
Last  15 blocks: 2,604,555.19 cpm ETA: 146d 05:17:17
Last   5 blocks: 4,670,302.72 cpm ETA: 81d 13:04:31



Original post below:

Blocks to retarget: 2500
Measured: 38.00%
Estimated difficulty: 0.02562563 (70.73%)
Time to retarget: 42d 06:22:30 (2014-04-14 20:57:18 UTC+9)

Network hashing speed:
Last 100 blocks: 8,467,957.85 cpm ETA: 31d 21:37:55
Last  50 blocks: 6,391,461.77 cpm ETA: 42d 06:22:30
Last  15 blocks: 7,458,464.16 cpm ETA: 36d 05:15:33
Last   5 blocks: 12,018,548.16 cpm ETA: 22d 11:26:40


Am I reading his right?
« Last Edit: May 06, 2014, 03:32:05 PM by newmine »


Offline 029xue

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #2 on: March 03, 2014, 08:20:42 AM »
That's a problem now, the transaction is very slow in recent days (avg. 1 confirmation per hr.)

Offline toast

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #3 on: March 03, 2014, 08:31:56 AM »
Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

I don't think this is a good idea, I think it's good if PTS is kept "pure".

We actually don't care if there are barely any miners, we just care that they dropped so quickly that the difficulty doesn't have time to adjust and so blocks are slowed down
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Offline barwizi

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #4 on: March 03, 2014, 08:53:33 AM »
Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

I don't think this is a good idea, I think it's good if PTS is kept "pure".

We actually don't care if there are barely any miners, we just care that they dropped so quickly that the difficulty doesn't have time to adjust and so blocks are slowed down

Implementation of the diff algo i use (PPC) for NRS with stronger limits may help. A hard limit on the maximum time that may pass before a block is solved will make retargets adjust to these swings in hash.

also recently there is talk of chain migration to PoS only. Everyone keeps their balance but we maintain high tx speed by way of micro PoS
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Offline testz

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #5 on: March 03, 2014, 03:04:09 PM »
1-2 block per hour it's not a problem, the main problem which we have it's that not all pools include tx into blocks: https://bitsharestalk.org/index.php?topic=831.msg41839#msg41839

I found one, but as I see we have another one, which I can't find, maybe it's a solo miner.

Offline zvs

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #6 on: March 03, 2014, 04:15:48 PM »
1-2 block per hour it's not a problem, the main problem which we have it's that not all pools include tx into blocks: https://bitsharestalk.org/index.php?topic=831.msg41839#msg41839

I found one, but as I see we have another one, which I can't find, maybe it's a solo miner.
re: the thread you linked, I'm 99% sure that doesn't apply here (and isn't practice by ypool anymore, anyway)

I'll quote Stan, since his extremely condescending reply on another thread would be appropriate here as well

Knowledge and understanding is the ultimate proof of work.

People are sending transactions with zero fees, there are no longer ~5-10 blocks every hour, now there are 1 or 2.  That means many of these transactions won't get into blocks for quite a long time.

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Offline testz

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #7 on: March 04, 2014, 01:23:33 AM »
1-2 block per hour it's not a problem, the main problem which we have it's that not all pools include tx into blocks: https://bitsharestalk.org/index.php?topic=831.msg41839#msg41839

I found one, but as I see we have another one, which I can't find, maybe it's a solo miner.
re: the thread you linked, I'm 99% sure that doesn't apply here (and isn't practice by ypool anymore, anyway)

I'll quote Stan, since his extremely condescending reply on another thread would be appropriate here as well

Knowledge and understanding is the ultimate proof of work.

People are sending transactions with zero fees, there are no longer ~5-10 blocks every hour, now there are 1 or 2.  That means many of these transactions won't get into blocks for quite a long time.

I place it to ypool thread because I think it's connected to jh miner originally developed by ypool owner, anyway, in our case it's doesn't connected to fee, if you look to block explorer http://ptsexplorer.cloudapp.net/chain/BitShares-PTS the blocks with 1 transactions doesn't take transactions with fee as well.
And my investigation shows that most blocks produced with 1 transaction doesn't connected to any known pools.

Knowledge and understanding is the ultimate proof of work.
« Last Edit: March 04, 2014, 01:25:49 AM by testz »

Offline bytemaster

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #8 on: March 04, 2014, 07:50:35 AM »
Actually considering PTS is not meant as a currency, confirmation times are not terribly important as it will simply increase the number of transactions included per block (grouping) while also reducing the inflation / debasement rate.   Sure it may be 'annoying', but as someone who holds a lot of PTS I see this as reducing the rate of inflation by 90% for the next month at the cost of some delays when I make a transaction.   

I am fairly sure that if you counted the 'inflation rate' as part of your transaction fees you would consider a one hour processing time a fair trade.
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Offline barwizi

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #9 on: March 04, 2014, 11:19:11 AM »
Actually considering PTS is not meant as a currency, confirmation times are not terribly important as it will simply increase the number of transactions included per block (grouping) while also reducing the inflation / debasement rate.   Sure it may be 'annoying', but as someone who holds a lot of PTS I see this as reducing the rate of inflation by 90% for the next month at the cost of some delays when I make a transaction.   

I am fairly sure that if you counted the 'inflation rate' as part of your transaction fees you would consider a one hour processing time a fair trade.

lol, problem is majority treat it as such.
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Offline AdamBLevine

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #10 on: March 04, 2014, 02:02:49 PM »
I agree with barwizi, this *is* a major problem because while you have no intention of doing anything with your stock of hundreds of thousands of PTS, it means anyone trying to use PTS as a cryptocurrency, it works worse than the majority of coins out there and the only reason is because Invictus sucked the value out of PTS without doing any sort of job explaining why someone would want it in the future.

Something like this for example https://bitsharestalk.org/index.php?topic=3363.0

You solve the miners-not-caring problem by making it likely they'll have a reason to care in the future.  It would have been better if that had been articulated and incentivized before removing Bitshares from Protoshares but doing it now is better than doing it later. 

Manage. Expectations.  or hire a CEO who will.

Incidentally Daniel, are you the perm CEO at Invictus?  I was under the impression when we spoke in December that you were moving to the CTO role and bringing in someone on the business side to take over as CEO/Frontman

Did that change?

Offline fishseeds

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #11 on: March 06, 2014, 10:00:26 AM »
Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

i stopped ming right after the snapshot. The diff increase the week before cut 2 grand on hardware in half. in 2 more weeks, it drops in half again. This will be impossible for anyone who doesn't have free power. PTS will die because of this massive diff increases. The snapshot and fork made things worse than they should have been. People were not anticipating the diff increase to be so severe. If 2600cpm gave you 1 pts a day a few weeks ago, diff increase the other week cut that that around .3 pts. Next diff increase puts you at .15. Fuck man, it is like they are trying to force people away from PTS. Which i guess makes sense but it wasn't something that was talked about. Now having all this PTS is purely a hope that BTS turns into something worthwhile, and essentially the massive price drop made all the work of mining completely worthless. If you can by a PTS share for 5-6 dollars on the 1st of march, you miss the very first fork but have BTS in everything else once you buy, you basically say "fuck you miners, you got us started and now we are ditching you." I am kind of irritated, i guess i should have been smart enough to understand that concept way before i started mining, but there were so many changes leading up the the snap shot it is just ridiculous. Now, everyone who didn't mine was able to buy massive stake in PTS to gain BTS for all the next DACs that come out. It is not like the bingo and music dacs are going to be something amazing and make any investment worth it.... It is a slap in the face, anyone who mined should have sold at $20, right when the snapshot was announced.

Offline zvs

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #12 on: March 06, 2014, 12:43:05 PM »
Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

i stopped ming right after the snapshot. The diff increase the week before cut 2 grand on hardware in half. in 2 more weeks, it drops in half again. This will be impossible for anyone who doesn't have free power. PTS will die because of this massive diff increases. The snapshot and fork made things worse than they should have been. People were not anticipating the diff increase to be so severe. If 2600cpm gave you 1 pts a day a few weeks ago, diff increase the other week cut that that around .3 pts. Next diff increase puts you at .15. Fuck man, it is like they are trying to force people away from PTS. Which i guess makes sense but it wasn't something that was talked about. Now having all this PTS is purely a hope that BTS turns into something worthwhile, and essentially the massive price drop made all the work of mining completely worthless. If you can by a PTS share for 5-6 dollars on the 1st of march, you miss the very first fork but have BTS in everything else once you buy, you basically say "fuck you miners, you got us started and now we are ditching you." I am kind of irritated, i guess i should have been smart enough to understand that concept way before i started mining, but there were so many changes leading up the the snap shot it is just ridiculous. Now, everyone who didn't mine was able to buy massive stake in PTS to gain BTS for all the next DACs that come out. It is not like the bingo and music dacs are going to be something amazing and make any investment worth it.... It is a slap in the face, anyone who mined should have sold at $20, right when the snapshot was announced.

Well, yeah.   I had roughly 15 that I was able to sell on Cryptsy, but the other 80 got stuck on beedui.com when they decided to freeze the wallet at 20:00 local time, which I assume is because they had nfc as to when this was actually taking place, otherwise shutting off trading and withdrawing 15 hrs early makes no sense (err, well, unless you plan on taking everyone's stuff and closing the exchange).   I transferred them to beedui since there was a bid in place that was approx. 15% higher than what PTS was selling for on cryptsy.  By the time it got there (confirmations were slow), the bid was gone.  I decided to put an ask up and wait a bit and see if anyone would bite... after about an hr, I decided it was too risky to wait any longer and that's when I noticed that I could no longer withdraw my PTS.  LOL.

A lot of people here seem rather blasé about the whole situation.  Alas, I'm not loaded with money, so the $1,000 I lost actually has meaning.  There is no way in hell that those Bitshares are going to make up for what I lost... and I don't want to hear the crap about how "miners" should be informed.   The exchanges, including Cryptsy, didn't even know wtf was going on....... I wouldn't be surprised if the majority of the people on this forum didn't, either.  I was planning on selling on the 27th, but I figured there might be a last second rush on the 28th from the ignorant and/or uninformed, so I held longer.  However, I still would have sold at a minimum of .023 on Cryptsy, which is a hell of a lot better than .009 or whatever it's at now.

... and, pls, none of the BS about how PTS wasn't meant to be a currency or w/e.  I ran a PTS node for 5 months, I ran a memorycoin node for a couple months, I've been posting on these forums for months.  The indifference & cavalier attitudes on display here by the ""people in the know"" sure as hell doesn't inspire me going forward.  You bet as soon as I'm able to sell those PTS that I'll do so, even if they're at .005.
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Offline AdamBLevine

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #13 on: March 06, 2014, 01:05:09 PM »
Maybe it's time to do a proof of burn into a proto-asset that actually trades on the first Bitshares chain.  Seems miners don't understand why they'd want to keep mining now that Bitshares has split off.

i stopped ming right after the snapshot. The diff increase the week before cut 2 grand on hardware in half. in 2 more weeks, it drops in half again. This will be impossible for anyone who doesn't have free power. PTS will die because of this massive diff increases. The snapshot and fork made things worse than they should have been. People were not anticipating the diff increase to be so severe. If 2600cpm gave you 1 pts a day a few weeks ago, diff increase the other week cut that that around .3 pts. Next diff increase puts you at .15. Fuck man, it is like they are trying to force people away from PTS. Which i guess makes sense but it wasn't something that was talked about. Now having all this PTS is purely a hope that BTS turns into something worthwhile, and essentially the massive price drop made all the work of mining completely worthless. If you can by a PTS share for 5-6 dollars on the 1st of march, you miss the very first fork but have BTS in everything else once you buy, you basically say "fuck you miners, you got us started and now we are ditching you." I am kind of irritated, i guess i should have been smart enough to understand that concept way before i started mining, but there were so many changes leading up the the snap shot it is just ridiculous. Now, everyone who didn't mine was able to buy massive stake in PTS to gain BTS for all the next DACs that come out. It is not like the bingo and music dacs are going to be something amazing and make any investment worth it.... It is a slap in the face, anyone who mined should have sold at $20, right when the snapshot was announced.

Well, yeah.   I had roughly 15 that I was able to sell on Cryptsy, but the other 80 got stuck on beedui.com when they decided to freeze the wallet at 20:00 local time, which I assume is because they had nfc as to when this was actually taking place, otherwise shutting off trading and withdrawing 15 hrs early makes no sense (err, well, unless you plan on taking everyone's stuff and closing the exchange).   I transferred them to beedui since there was a bid in place that was approx. 15% higher than what PTS was selling for on cryptsy.  By the time it got there (confirmations were slow), the bid was gone.  I decided to put an ask up and wait a bit and see if anyone would bite... after about an hr, I decided it was too risky to wait any longer and that's when I noticed that I could no longer withdraw my PTS.  LOL.

A lot of people here seem rather blasé about the whole situation.  Alas, I'm not loaded with money, so the $1,000 I lost actually has meaning.  There is no way in hell that those Bitshares are going to make up for what I lost... and I don't want to hear the crap about how "miners" should be informed.   The exchanges, including Cryptsy, didn't even know wtf was going on....... I wouldn't be surprised if the majority of the people on this forum didn't, either.  I was planning on selling on the 27th, but I figured there might be a last second rush on the 28th from the ignorant and/or uninformed, so I held longer.  However, I still would have sold at a minimum of .023 on Cryptsy, which is a hell of a lot better than .009 or whatever it's at now.

... and, pls, none of the BS about how PTS wasn't meant to be a currency or w/e.  I ran a PTS node for 5 months, I ran a memorycoin node for a couple months, I've been posting on these forums for months.  The indifference & cavalier attitudes on display here by the ""people in the know"" sure as hell doesn't inspire me going forward.  You bet as soon as I'm able to sell those PTS that I'll do so, even if they're at .005.

They don't care.  Saying you want to sell your PTS means you're just a "non-believer".     Remember, mining was only the thing they asked everyone to do at the beginning of this process, once they realized they wanted to change the deal they got permission from four or five random community members who hang out on the forum and made the necessary changes.


Online Troglodactyl

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #14 on: March 06, 2014, 01:48:51 PM »
No one here changed the PTS difficulty, and no one changed the algorithm by which it is determined, so I don't see how the difficulty increase can be seen as an insult to miners.  The miners are the ones who raised the difficulty anyway, because they (collectively, clearly some miners disagree...) thought it was worthwhile to invest in mining lots of PTS before the snapshot.  The current difficulty is a consequence of that community action, and slow blocks really aren't going to hurt PTS for anything for which it should be used.  I'm pretty sure no one is using it at point of sale to buy fast food anyway...

 

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