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BitShares PTS / Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« on: April 16, 2014, 03:53:16 pm »Difficulty history:
1. pre Feb. 16: 0.014043
2. Feb. 17 to 23: 0.017247 (7 days)
3. Feb. 23 to April 12: 0.036228 duration (51 days)
4. April 12 to 15: 0.01076 (3 days)
5. April 15: 0.041216.
According to http://mrx.im/pts.php, the difficulty will recalculated in 4000+ blocks.
When the difficulty decreased, many people came mining. Profitability was very high.
But as soon as the difficulty increased, we must mine 50 days with nearly zero returns.
We support PTS but with the actual prices of PTS we mine for no income during 50 days.
Once we have finished to wait 50 days, many miners came back and pump all blocks during a few days and want away.
I prefer a difficulty adjusted after each block, as the darkcoin, instead of the current situation.
The original retarget was supposed to be every week, such massive bumps in network hashrate defeat this purpose.
That wasn't supposed to be a problem when PTS was cpu only, which made difficult if not impossible such things.
So either a per block retarged, or per week (fixed), or less blocks retarged.
We are FAR from the 5 minutes block interval
Now you manage your network as you wish, for my part, I will pump when the difficulty is low.
They don't care about it all that much.
If it's hard to mine, people will buy PTS or AGS to invest in Bitshares. Since AGS is a better ROI, people will most likely choose AGS over PTS. This is to I3's benefit. It puts the money in their control/hands. They are still offering AGS until July. This is why they don't care about PTS' network. Post July, I would bet they begin to care more.
This is the only reason I could come up with as to why they didn't and don't do anything. I guess they might just not care in general.Yeah, it does suck. I don't like it at all, being the miner type, but I don't see them pulling away the resources needed from other projects to fix the issue for the remaining 19%. Correct me if I'm wrong but, it's a fork, and a client update for all. Sounds like a week or more of work for a lateral movement instead of pushing forward on BTSX, Keyhotee, etc.
They have had over 6 weeks to do something since I started this thread.
They will probably add AGS 2.0 before they "fix" PTS.