Nicehash Attacks about graft-ng HOT 1 CLOSED

The approach is attractive because hundreds of coins implement it in their infancy as a quick measure!

This cheap solution provides the only defense until a coin is matured enough to provide its own defense in the form of hash rate provided by 2 things.

1 Miners belief in the coin and pumping hashrate on the assumption the coin will contain future value as they eat the cost to mine by paying more in electricity then the coins is currently worth. They do this until the coin's price on the exchange covers their initial investment in electrical payments.

2 Investors pumping up the price and thus Hash rate following it!

Of course the 2nd tier network is an excellent long-term choice. I believe Dash and Loki are implementing such Ideas. I don't think any other crypto night coin is doing so.

Until the coding is done on it. Then I do believe the choice to do a fork for an algo is appropriate. If not then you would bascily be forcing miners and the exchange not just the network to endure Nicehash attacks .

This would result in the price on the exchange getting dumped pushing their electrical investment down tremendously.

Right now the network is 455,170 coins a day and a network value of
2,326.44 USD a day.

When a 51 percent happens it directly affects the exchange who would be at risk of eating the cost of the 51 percent attack.

So its not just the network at risk. Its the exchange delisting and miners leaving if they lose faith in mining. Currently the best thing to do was to fork. This put faith back into miners in the form of electrical cost to mint. This also protects the "only" exchange until a longterm solution is applied.

A decision to wait until "a longterm solution is in place because of the amount of work required" basicly tells the community. Endure until we fix it. Im glad you guys made the decision to fork!

Remember their was poll where over 90 percent of the mining community thought you should fork. A decision against the community would be a terrible mistake at this point.

While it might not be a permanent solution. ( its not really a difficult one for a blockchain dev).

FireiceUk came into the mining telegram and told the members it could take him merely a few hours.

Could you please tell me what other method their is to stop Nicehash? until a longterm solution is applied? The only thing other projects can do is fork. There really isn't anything to study.
I realize "forking' is a headache. Hence: in the last algo fork I asked you guys to "tweak" it then.. you ignored me.

This issue was opened and closed in the same day with no comments are user input. Listen to the community! It's your network but its the miners investing.. (if they lose trust they will just mine and dump all other investors purchases) instead of mining and holding and eating current cost of electricity.

Im not just "trolling you guys" are insulting you. I literally am trying to help because I really felt you guys didn't understand. Your decisions without community input are really the only issue ive seen this project have. ( all coding bugs that were exploits were literally brought about by closed source mentality on opensource code).

Im not saying I could do it or that it is easy to do it. But those that do know how to do it say its simple to implement. Forgive me but I trust FireiceUk opinion over the current Dev team's

Tradeogre the only exchange put deposits up to 200 confirmations (6.66667 hours) to protect itself from 51 percent to double the cost to attack. so it cost at least 760.00038 USD to attack the exchange

RTA is important but not at the risk of the stability of the network. At this hashrate if btc hits 2400 usd Graft is gonna be in some major trouble.

from graft-ng.