All About BTC, LTC, ETH mining as well as other alternative crypto currencies
There was a momentary panic sale apparently caused by a network fork for DOGEcoin, but it seems things are getting back to normal now. There could be some delays processing transactions though due to some pools and exchanges not running the latest version of the doge client software, and some pools such as Multipool have temporary disabled DOGE withdraws until they fix the problem. Just don’t get the panic get a hold of you, things are already getting back to normal. Below is some info from the developers:
The network has forked around block 104678. From my first investigation, it looks like the version below and above 1.5 disagree on the correct blockchain. Currently, the clients below 1.5 stopped accepting new blocks. Solely the 1.5+ clients are now generating and accepting new blocks. Older nodes will generate blocks too, but those will be rejected by the network as 1.5+ nodes are used by more than 51% of users.
THIS IS NOT A 51% ATTACK!
We are actively looking into why this happened. I can’t say much yet (I’m at work), but the safest currently is updating your client to 1.5.1.
Pool owners: I know about that issue with 1.5+, but there is currently no other way, as we can’t patch 1.4 so fast. We have to investigate why that fork happened. A debug.log of a 1.4 node could help.
Try to reduce your transactions to a minimum while this is being worked on. Check your block count in the bottom right corner of your wallet to see on which side of the chain you are. As of writing this, my client shows ~104773 blocks. This seems to be the currently longest, therefore “correct” chain.
DOGE coin is on the rise again, after being one of the best alternative scrypt-based crypto currencies to mine instead of LTC a few weeks ago. If you are currently mining LTC directly, then you should reconsider and start mining DOGE coin and after that selling the DOGE for LTC. This way you will make much better profit than directly mining for LTC coins, at the moment directly mining DOGE coins and selling for LTC you can double your profit. Simply said by mining DOGE coins you can end up with twice the profit than directly mining LTC coins at this moment and the profitability may go even higher than that. So if you have GPUs mining for LTC switch them to mine DOGE for now.
The other good thing about mining DOGE coins and trading them for LTC is that the LTC difficulty will not rise as much and in fact may even drop a bit, so it will be easier to mine Litecoins if and when DOGE is not that profitable anymore to mine. So definitely a win-win situation – you get about double profit and will make LTC easier to mine in the feature.
Where to mine DOGE coins?
– List of Dogecoin Mining Pools