The inability of NLG to be used for wallet to wallet transactions is starting to sour me on this coin. Yesterday the network was stuck at a diff of 777 for well over 2 hours, and again this morning the network was stuck for over an hour at a diff 497, during which time it is impossible to transfer NLG from wallet to wallet.
It is all fine and good that LiteBit? approves NLG transactions immediately regardless of network status, but for NLG to not be useable for wallet to wallet transactions is killing NLG.
The dev team must assess and address this immediately, there are plenty of coins that are using retargeting algos that are effective when dealing with network hashrate spikes. This is not rocket science, the dev team seems to burying their collective heads in the sand and hoping for the best.
DGW3 is not working, find a solution. Now!!!
I'd have to agree with 24Kilo on this one. I tried to make a deposit to Bittrex last night and the time it to confirm was 140 minutes or more. The price was 510 I finally gave up waiting and just went to bed. When I woke up, I sold at ~470 or so. That's a big hit just because of confirmation times. Sure I could have stayed up and waited it out, but with non-uniform block times, who knows what it would have taken.
Truth of the matter is that Terk's pool is still hitting upwards of 70-90% of the blocks on any given day, which is a huge security concern to me still. That pool's influence on the chain is more than I would have accepted a long time ago. I would have IP banned them from the get-go, but I'm a bit more extreme sometimes.
We keep saying that we will even out when there are more dedicated miners, but we won't get dedicated miners with the current dynamics.
We need to knock multipools off the chain, and we need to do it sooner than later.
-Fuse