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    Author Topic: Bitmark  (Read 622277 times)
    dbkeys
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    November 01, 2015, 09:28:35 AM
     #2301

    Someone has been hitting the bitmark network with a fairly strong hashrate.

    Coinwarz reported it yesterday as 6.45 GH/s,  I calculated it for blocks issued on 10/31/2015 as of 22:14 UTC, (143 blocks) as 6.56 GH/s, and today, 11/1/2015 between blocks 49860 and 49880, at a very healthy 21.27 GH/s, which actually resulted in the chain running fast, (about 16% faster  than the nominal 120 second block time), until about 5AM UTC.  

    Between block 49880 and the last one 49881 (which just was validated or "mined" at 9AM UTC), there was a long interblock time of 3hours 45minutes; which would point to some multipool or large private farm leaving the nework (Averaging just the last 5 blocks indicates 152 MH/s on the chain. )  So yes, bitmark is still suffering from the mutlipool crazy hash rate swings issue, but ....
            
    We're working on choosing and implementing a KGW - DGW style algo to fix this (chain either too slow or too fast) and also to regulate the subsidy block reward. My timeframe is to have it done and tested by the end of the year and and announce a mandatory hard fork for some time soon after the new year.

    Please chime in if you have ideas and/or concerns regarding either the difficulty regulating algo or the block reward (subsidy) algo, or anything else about bitmark.

    Once the coin mechanics are taken care of, we will focus on the more exciting part of this coin's future, marking.

    It seem to me there's quite a bit of life and interest in the coin yet.

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