Search found 21 matches
- Wed Jun 06, 2018 6:54 pm
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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,...
- Sun May 27, 2018 1:11 pm
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
Re: AuxPoW Proposal: Soliciting community feedback
The NewYorkCoin dev team is pushing ahead.GregoryGHarding wrote:any movement on this?
There is no public branch at this time.
I'll post an update once the dev team has deployed on the testnet.
- Sun Apr 15, 2018 7:27 am
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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,...
- Fri Apr 06, 2018 4:19 am
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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 t...
- Thu Apr 05, 2018 7:43 pm
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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...
- Thu Apr 05, 2018 6:11 pm
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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...
- Wed Apr 04, 2018 9:36 pm
- Forum: NewYorkCoin
- Topic: AuxPoW Proposal: Soliciting community feedback
- Replies: 16
- Views: 27362
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....
- Mon Mar 26, 2018 11:12 am
- Forum: NewYorkCoin
- Topic: Vote for NYC! Jalapeño distribution platform
- Replies: 0
- Views: 8396
Vote for NYC! Jalapeño distribution platform
The top ten coins competing for the next slot on the Jalapeño distribution platform are listed at:
https://vote.jalapen.io/home#current-vote-coin
https://vote.jalapen.io/home#current-vote-coin
- Mon Mar 26, 2018 8:32 am
- Forum: NewYorkCoin
- Topic: Large fluctuations in hashrate hurt NYC value proposition
- Replies: 0
- Views: 9706
Large fluctuations in hashrate hurt NYC value proposition
We are seeing confirmation times that stretch into the 10's of minutes and difficulties that spike above 7k (difficulty is typically 1.2k). One of the selling points of NYC is fast 30 second confirmations, if we don't do something to mitigate this the coin will likely be damaged. The NYC dev team is...
- Tue Mar 06, 2018 11:47 pm
- Forum: NewYorkCoin
- Topic: Welcome to NewYorkCoin!
- Replies: 7
- Views: 18261
Re: Welcome to NewYorkCoin!
Also, another solution to this issue is to get NewYorkCoin listed on a more reliable exchange. Poloniex or Bittrex, for example, are two of the most reliable exchanges and if NewYorkCoin were offered there, this problem wouldn't exist. Thanks Steve, we have a vibrant community that is hard at work ...