Status as of Monday, March 11, 2019
Posted: Mon Mar 11, 2019 12:24 pm
- Monero had a hard fork yesterday to a new proof of work algorithm. We had to disable CryptonightV8 as a result. Vance is working on support for the new CryptonightV4 algorithm, and he hopes to have Monero back available within a few days.
- After some thought, I decided to focus my time on adding new coins rather than adding new algorithms. There are so many algorithms available that it would take two or three people full time just to maintain them all and to keep up with coins as they change. The Monero hard fork will cost hundreds of dollars just to restore the same functionality as before, and many of the smaller algorithms might earn $100 in revenue (not profit) per day. Plus, there are tons of "zero fee" pools out there that somehow offer 50+ algorithms on the same site. I'm not sure how such a pool can maintain all of them and remain operational, and there's no way that we can compete with those pools.
- For public relations, a customer suggested that we contact whattomine.com to get the site listed, as well as contacting some other sites. Unfortunately, whattomine declined the listing opportunity and the other sites have yet to reply.
- We're going to make a change to the share inserters this evening to automatically deal with negative balances. Before, miners had to explicitly mine the coins that had overpayments in order to eliminate the debt. Now, those coins will be automatically mined until they reach a zero balance, and then the system will resume as before.
- Vance next expects to have NEM available for payouts.
- I'm going to be focusing on adding the Graviex exchange. This is another maintenance task that will allow us to continue offering coins that TradeSatoshi is planning to discontinue at the end of the month.