Bitcoin Forum

Seems to be moving slower than opposed to the last week.


Anyone else experiencing lag?

With diff increase a large portion of the hashing power moved off.

The difficulty has skyrocketed, leaving all miners abandoning ship.
I anticipated moving mine off yesterday after the difficulty change, so I moved off quickly.

Its unfortunate that the difficulty has to remain so high, and that there's not a dynamically changing difficulty which will adjust, while rewarding those who choose to mine during a decline. BTB has this, I know it is based off NVC and maybe they have it also.

It's unfortunate, but we've seen now what it can do to a coin network. I first joined FTC when it was 500 mh/s, saw it jump to 8 gh/s, now it is back to 1.5 gh/s and dropping.

Could someone explain how does this affect those who didn't left the boat? Do they find more coins?

No. They do not find more coins as the mining difficulty remains the same (for now).

Is this the beginning of the end for FTC?

If there was a good answer for this, I would have clerks and hired help post this topic for me.

Blocks will still be found by the people who remain on the network. They won't find more coins, no. Our pool is now at 1/4 of the hash rate it had before the difficulty increase (40 MH/s from almost 200 MH/s) so it's taking us longer to find blocks, but the rewards are much higher to the users still on the pool. https://ftc.d2.cc


When the difficulty re-targets, more people will start mining on it again I'm sure.

I don't think so.  Price has to go up first.  If price does not go up first, after the re-target there will be more coins being generated (the normal amount).  The price could drop even faster then. 

I hope all works out, im growing quite fond of feathercoin.

My question wasn't really right.
As I understand, when there is suddenly less miners they have a great chance of finding more blocks because there are less competitors. So they get more coins than before. Am I right?

Yea this shit is moving stupidly slow right now. Last time I will deal with FTC.

Try GRouPcoin, it has adaptive difficulty but has never actually been stress-tested live. Jump on it drive the difficulty way the heck up then abandon it so we can see its adaptive difficulty in action.

It uses the same adaptation as DeVCoin, so if it works for GRouPcoin presumably DeVCoin will also be fine.

-MarkM-

Slowing down. Things don't slow up :P

Haha what pulled you into it Gambit?

Feathercoin can one day be worth whatever you want it to be worth, the only thing is that people can't only be mining and speculating, in order for any of these coins to have real value you have to build an actual ecosystem using it.  Like it or not, the real reason bitcoins are actually valuable is that people actually use them to purchase real things, whether it's reddit gold or shady shit.  If you want feathercoins to be valuable you have to go and actually build the ecosystem for them.  Build a marketplace that uses FTC for actual purchases and then there'll actually be real demand and purpose to it.  I don't own nearly enough FTC for this to be worth it for me but if you took a big stake in it why not make a store that lets you buy shit from Amazon with feathercoins or some shit?

Actually quite a lot of people, both those with little of it and a lot of it, are contributing into the ecosystem and trying to help it grow. Obviously, there won't be a noticeable difference over the course of only a few days though.

The confirmations are taking MUCH longer.....  :-\

That is , because, the difficulty is sky high, and everyone's left the network.

It is taking longer than normal for the few remaining miners to find new blocks on the network.

A generous donation from a miner friend of mine ;P

Now almost to 10 days for the re-target.  Price down even further. 

yup its tanking

FTC's demise is because of miners jumping on for profitability and leaving it stranded when the profitability tanks --- who could have seen that coming?

This same thing happened to LTC several months ago -- anyone remember that roller coaster?

Ya and the only reason LTC holds validity is because Gox may start accepting trade

Partly that, but 90% of it is because it's a refuge for GPU miners. I don't think people realise how much power miners hold in this game, especially when looking at alt coins and their survivability.