Search found 24 matches

by moonshot
Wed Jul 25, 2018 8:05 pm
Forum: NewYorkCoin
Topic: Version 1.3 - Security Update Wallet
Replies: 4
Views: 2588

Re: Version 1.3 - Security Update Wallet

Image
21% of the network has upgraded over the last 12 hours.
by moonshot
Wed Jul 25, 2018 11:39 am
Forum: NewYorkCoin
Topic: Version 1.3 - Security Update Wallet
Replies: 4
Views: 2588

Version 1.3 - Security Update Wallet

Hello all, After a few months of hard work we are happy to announce that work on the 1.3 wallet version is now ready for public consumption! Key updates for this version: --Supports upcoming security fork at block 4.8 million (Late October) - This includes a new difficulty adjust algorithm (Digishie...
by moonshot
Wed Jul 25, 2018 11:36 am
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

Hello all, After a few months of hard work we are happy to announce that work on the 1.3 wallet version is now ready for public consumption! Key updates for this version: --Supports upcoming security fork at block 4.8 million (Late October) - This includes a new difficulty adjust algorithm (Digishie...
by moonshot
Wed Jun 06, 2018 6:54 pm
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

The pool targets the assignment of dynamic miners so that no more than 50% of the network is mined by us. In addition to avoiding control of any one coin, it also doesn't make sense for a single pool to mine more than 50% of the blocks. Otherwise, it just pushes up the difficulty of its own blocks,...
by moonshot
Sun May 27, 2018 1:11 pm
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

GregoryGHarding wrote:any movement on this?
The NewYorkCoin dev team is pushing ahead.
There is no public branch at this time.
I'll post an update once the dev team has deployed on the testnet.
by moonshot
Sun Apr 15, 2018 7:27 am
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

The pool targets the assignment of dynamic miners so that no more than 50% of the network is mined by us. In addition to avoiding control of any one coin, it also doesn't make sense for a single pool to mine more than 50% of the blocks. Otherwise, it just pushes up the difficulty of its own blocks,...
by moonshot
Fri Apr 06, 2018 4:19 am
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

NYC has been under sustained "attack" from miners coordinating on https://www.mining-dutch.nl/pools/newyorkcoin.php This appears to be reflected in the hash totals here at Prohashing, 0.6% of hashrate yesterday vs 3% 6 days ago. update Friday April 6: Prohashing is now back in control of the hashrat...
by moonshot
Thu Apr 05, 2018 7:43 pm
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

Will merged mining NYC only be when litecoin is being mined or other coins as well? I guess the idea of mining here is to mine coins that are worth MORE than litecoins so there is higher value than just mining straight litecoins. NYC pops up as a higher than litecoin valued coin. If that is going t...
by moonshot
Thu Apr 05, 2018 6:11 pm
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

Re: AuxPoW Proposal: Soliciting community feedback

NYC seems like it pops up a lot for the high profit coins. If that gets moved to merged mining, how will that affect the profit of the coin. If it lowers it, how will that affect the miners on the autopool payouts? AuxPoW/Merged-Mining theoretically allows a large number of coins to be mined togeth...
by moonshot
Wed Apr 04, 2018 9:36 pm
Forum: NewYorkCoin
Topic: AuxPoW Proposal: Soliciting community feedback
Replies: 16
Views: 4063

AuxPoW Proposal: Soliciting community feedback

ATTENTION: NewYorkCoin Miners! NewYorkCoin is considering a switch to AuxPoW. Primary reasons are: 1) Network Security 2) Even out hashrate to keep block timings near 30 seconds for all blocks 3) Energy Efficiency see: https://digiconomist.net/how-auxpow-affected-dogecoin-mining/ https://www.reddit....