Evrmore has launched!
Posted November 28, 2022 by Hans Schmidt ‐ 3 min read
The Evrmore blockchain launched on 2022/10/31 and is operating!
This blog entry is WAY overdue. But it has been such a busy month!
The Evrmore blockchain launched on 2022/10/31 with Block #1 mined at 15:03:40-UTC. It was one of the most exciting events in which I have ever participated.
Mining software providers worked in advance to get their software ready. Pool operators prepared to take on new miners as quickly as possible. Miners prepared their hardware rigs. Everyone was waiting for the core evrmored/evrmore-qt software release so that they could download, run, and mine as many blocks as possible quickly.
The difficulty of mining a block increases as more hashing power is added to the network. Evrmore targets 60 seconds between blocks. When more hardware is doing the hashing, blocks are found more quickly. If there is less than 60 seconds between the blocks, the core code increases the difficulty. This continues happening until the time between blocks becomes longer than 60 seconds because the difficulty rose too high or because some of the miners gave up and stopped hashing, at which point the core code reduces the difficulty to tune into the 60 seconds target.
Evrmore uses the Dark Gravity Wave difficulty adjustment algorithm, which changes the difficulty of every block based on a moving average of the difficulties of the previous 180 blocks (limited by some max change limits). When the blockchain first starts up, the difficulty is fixed at a low arbitrary value for the first 180 blocks, after which DGW kicks in. After that, it takes hundreds of blocks for the difficulty to rise to a fairly high level.
Everyone knew what that meant- the first 180 blocks would be very easy to mine, and there would be continued opportunity to easily mine until the difficulty algorithm caught up. I had uploaded the core software to github in advance, and was very precise about changing the setting from “private” to “public” at exactly 15:00-UTC. Everyone raced to download the software and start mining!
The first 180 blocks were set to a fixed difficulty of 0.004, which meant that even someone with a single GPU card could mine multiple blocks per minute. The first block was mined at 15:03:40-UTC. The remaining 179 blocks were mined in just over 2 minutes. The 500th block came in at 15:09:57 with difficulty still within the grasp of a single GPU card. This is what everyone had been waiting for- it was virtually a block give-away!
But then the difficulty started to rise quickly. Block #1000 arrived at 15:45:18 and required 3 GigaHash/sec. Just 5 hours after the chain launched, block #1503 arrived at 20:02:17 and required 98 GigaHash/sec. Hash rate continued to rise so that by block #3000, it required 276 GigaHash/sec. Since that time, mining has stabilized in the 150-220 GigaHash/sec range. and some new mining pools have started up.
What a wild ride !!
Evrmore is now transitioning into the adoption phase.
- Solus has provided a very nice customized block explorer at “evr/cryptoscope.io”
- The beta version of Moontree wallet for Android/iOS with EVR support has become available
- An exchange has begun supporting EVR trades at “safe.trade”
- Uilities have emerged for storing EVR on Ledger and Trezor hardware wallets
- Artists are starting to post their NFT art and a great-looking NFT marketplace has emerged at “evrsea.io”
- “miningrigrentals.com” has begun renting GPU rigs set up for Evrprogpow
People are slowly claiming their EVR from the airdrop by moving them to a new Evrmore address. So far, rougly 5% of the airdrop coins have been claimed. Remember to claim your airdrop EVR before block #86,400 (expected around 2022-12-29 19:00-UTC) or they will expire and become unspendable. You can claim your airdrop coins simply by moving them to a new EVR address.
It is amazing how much has happened in just the first 3 weeks after Evrmore’s launch !!