A lot of you out there have questions about how pools work and what goes into running a successful one. Today we’re checking out an interview with FunkyPenguin who runs probably one of the coolest setups I’ve seen so far with all of the pools I’ve seen. Maybe I’m just a nerd, but I have a big appreciation for the way he’s doing things.
A while back we used to do an interview series called Out Of The Shell. This was a series of interviews done by an actual journalist, Gigantomachia, who would pull aside members of the community for an article, and when it was over the person being interviewed would pick another member to be next. The series was great, but sometimes life gets in the way, and this interview with SoreGums sat on the shelf for a few months.
With all the commotion about the next fork upgrade, and the debut of our new hashing algo, CN Turtle, I wanted to make sure everyone has the run down about the fork upgrade before it arrives in a few weeks. Today, I got with IBurnMyCD who has been the lead on this algo and got a short interview about what is CN Turtle and what does it mean to me, both as a miner and a user.
Some time ago we began a series of interviews with pool owners who operated mining pools with unique flair about them, or who had ventured off the beaten path in what they offer their miners. The goal was to help decentralize the network’s mining power, which we actually accomplished. We still want to interview our service operators though, both because it’s fun and it helps you guys get to know those in your local community.
TurtleCoin has 30 second block time which makes transactions on the network faster than other projects; however, it poses some challenges in making sure that new blocks propagate across the entire network as quickly as possible to prevent the creation of unnecessary network forks. While increasing the number of nodes on the network helps to achieve this goal, reducing the size of the blocks that are transmitted between nodes allows us to propagate a block so fast it’s almost as if they were transmitted by lightning.
I think I need to listen the to the Kevin Rose TRTL podcast again – the only reason I really ended up in TurtleCoin in the first place is that of the core concept of a “network” with “applications” and “TRTL is just the currency one”. There was a bunch of other details that I liked as well technically, hence probably warrants a relisten.
The core development team has observed the fact that the network hash rate has climbed substantially over the last few weeks. Luckily, the hashrate has remained rather decentralized and balanced over the large number of pools that the community operates. However, the significant increase in hashrate has made it more difficult for the project to meet one of its core goals. To remain mineable for everyone. After careful consideration, we believe it’s once again time to perform a soft fork to a new Proof-of-Work (PoW) algorithm.
Well, when a coinbase transaction and a fusion transaction love each other very much…
Folks, an unfortunate consequence of running a really great pool is that you attract more miners. Unfortunately for one pool, they’ve far exceeded a share of the network than what is healthy for all of us, so I’m asking you today to move.
I’ve been teasing at this announcement for a few weeks now on Twitter, and I’ve heard guesses all over the place for what it could be. Finally I can give you guys the news about a TurtleCoin feature that nobody else in our space has yet. Starting today, you can one click enable TRTL crypto tips on your Twitch.tv streams and start taking money immediately! I was so excited about this news for you guys that I wanted to interview the creator himself, Watter. I know you guys will enjoy this one 🙂