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Sorry guys - I'll be MIA for a bit this week, moving to the states.
he's traveling to the past!
not sure if you're still active over here
we'd like to move to fixed block rewards + a dynamic difficulty retarget to stop multipoolers
Kimoto's Gravity Well (KGW) isn't ideal, but we're looking at another algo
psuedo code over at:
if anyone wants to help out on the PR that'd be great :)
maybe this'll send you a notification
yeah .. ummm
out of what I would feel comfortable doing
how would this stop multipools?
it just stops it from changing fast
so they get more time to ramp up the difficulty, right?
then it takes longer for it to ramp down?
the fixed rewards stop coin jumping due to predictable random rewards
and the retarget algo stops spikes in difficulty
when the multipoolers jump on us
but the difficulty will raise when the jump on, right?
and the multi will leave as soon as the difficulty goes up
and if the difficulty goes down fast, they will just jump back on until it goes up again
but, I don't know enough to
have an informed opinion, I am just guessing
it stops crazy spikes
so when profit = high
multipools jump on and get all the blocks
then doesn't retarget for 4 hours
KGW retargets every block
so it's more fair once the multipoolers leave
won't the multi just come back again?
and get all the next blocks?
I don't get how it works, really.
what does the targeting use to set the difficult of the next block?
if it's the current block, then it will still be hard for 1 block
then if it goes down
the next block will be low
and the multi will jump on that one
raising the next block, but leaving when that happens
so the multi will get all the easy blocks
and leave the hard blocks for everyone else.
again, just guessing how targeting works
also, how multis work
the only thing that would work is creating some kind of way to make it impossible to jump in and out of mining
if the point of mining is to make transactions work, then why not make the reward for mining the ability to do transactions
then you don't have to artificially make mining any harder than it needs to be.
still, I don't understand this, in effect.
I don't know enough about targeting vs. multipool tactics to know what the right answer is
I'll try to read about it, but I expect that every scheme will be susceptible to manipulation by big pools to some degree