Unsteady hash-rate demotivates miners. Real miners are leaving making it more easy to those NiceHash miners to manipulate the hash-rate. The team should react promptly to any threat to their crypto-ecosystem, especially since the leadership is centralised so they can act quickly and efficiently. But hey, they have a new green screen
And what could the reaction be? I can't see any solution that gpu nicehash hashrate goes into the ETN ecosystem whenever they want?! Expect a pure cell phone mining ecosystem or POS.
I mean it's not like with Asics that you can fork away from nicehash gpu traffic and only favour another give gpu traffic. So i'am curious to see what a solution would be.
What makes me a bit wonder is that everybody seems to be suprised with the nicehash issue?! It was just clear that this will happen and not only nicehash, just every mining rental provider + every multi-algo-auto-switching miningpool having cryptonite V7 in their porfolio would "exploit" low difficulty time frames. That's just how this multi-algo-auto system works.
I tried out of curiousity to mine ETN the last days with my I7-8700K, and found out it makes 0 sense, lol, the cell phone simulation makes me double that many coins.
I wrote about solution two pages ago:
devs should reduce the difficulty adjustment time to a minimum (possibly 2-5 blocks)!
then the blocks time will be stable 2 min as they should,
nicehasher will not have super profits and therefore it will not make sense to attack the network ETN again and again,
this terrible dump will stop finally.
many of other smaller coins already made this setting. for example: intense, iridium (this coin has only 1 dev!), and others.
here is Iridium white paper, look at Page 19:
https://ird.cash/wp-content/uploads/2018/06/Iridium-Coin-Whitepaper-v3.pdfAdaptive Difficulty (LWMA)
What is Linearly Weighted Moving Average (LWMA)? LWMA allows for the
protection against sudden hashrate variations including hash attacks. The Algorithm
ensures that a block is mined every 175 seconds on a window size of 60 blocks. Big
miners can no longer come in, mine and leave the network with a high difficulty to
resolve. LWMA allows the entire network to react very fast in case of miner attack (2
or 3 blocks). What does this mean? Small miners and big miners have equal weight in
this game.
