|
Title: What's happening with feathercoins Post by: Feathercoiner on May 10, 2013, 04:21:32 AM Looks like the miners are disappearing. What's up?
Title: Re: What's happening with feathercoins Post by: AzureEngineer on May 10, 2013, 04:24:11 AM The pump & dump rush is over. FTC's current price can't support it's difficulty, so the miners moved to greener pastures.
Title: Re: What's happening with feathercoins Post by: Feathercoiner on May 10, 2013, 04:42:15 AM will it eventually crash to zero or have some value?
Title: Re: What's happening with feathercoins Post by: AzureEngineer on May 10, 2013, 04:59:02 AM will it eventually crash to zero or have some value? I can't say either way, I'm not an economist. Title: Re: What's happening with feathercoins Post by: RobertHood on May 10, 2013, 06:17:10 AM Yes it had a nice run but appears to be over at this point.
Title: Re: What's happening with feathercoins Post by: darkfur93 on May 10, 2013, 06:21:51 AM I bought a few when they first hit BTC-E, then sold the next day at a small lost. It's never been back up. I think someone said the difficulty got f*ed up when people mined with ASIC then stopped.
Title: Re: What's happening with feathercoins Post by: lazydna on May 10, 2013, 06:27:15 AM People were exchanging FTC for ltc because there were some pretty stupid people buying FTC with ltc. This drove down the price of FTC while the difficulty raised for FTC, leading to more people abandoning FTC for a newer coin with lower difficulty and higher profitability. Also, FTC is not innovative or different then ltc, aside from rewarding early adopters more then ltc.
Title: Re: What's happening with feathercoins Post by: darkfur93 on May 10, 2013, 06:33:58 AM will it eventually crash to zero or have some value? I think it's dead... Last time I was on the client, it took like 8 hours just to update a block. :l Transactions would take many hours. Title: Re: What's happening with feathercoins Post by: loldongs on May 10, 2013, 02:32:09 PM So am I correct in assuming that without activity in terms of trading, and people fleeing the mining of FTC, the confirmations of mined blocks and confirmations of transactions is going to just take forever now? Because that'd explain why I'm not getting my coins.
Title: Re: What's happening with feathercoins Post by: Aditer on May 10, 2013, 02:36:55 PM Most of these people are not doing mining because they want the difficulty to be lower...
http://rationalwiki.org/wiki/Pump-and-dump Title: Re: What's happening with feathercoins Post by: COXRP on May 10, 2013, 02:44:22 PM pump and dump coin
Title: Re: What's happening with feathercoins Post by: loldongs on May 10, 2013, 02:47:12 PM Most of these people are not doing mining because they want the difficulty to be lower... http://rationalwiki.org/wiki/Pump-and-dump Honestly, that about sums up 90% of the stuff people are doing with coins. If I have an active miner, and I just terminate the miner program (so I can go back to LTC) I wouldn't lose the work shares I've done on my pool, right? Only if I delete the miner from the pool itself via the website. Anyone help me out on that? Title: Re: What's happening with feathercoins Post by: gambit1 on May 10, 2013, 02:52:14 PM The King is dead, long live the King. Coinking that is, a new cryptocurrency I've just made up. ;D
Title: Re: What's happening with feathercoins Post by: loldongs on May 10, 2013, 02:53:53 PM The King is dead, long live the King. Coinking that is, a new cryptocurrency I've just made up. ;D I had written a comedy press release in another thread for MugabeCoins, the hyperinflationary crypto-coin, but it got deleted. Comedy is a dead art. Title: Re: What's happening with feathercoins Post by: spawnbsd on May 10, 2013, 03:17:08 PM Like ChinaCoin and other new alt currencies, it seems like a pump and dump =(.
Title: Re: What's happening with feathercoins Post by: gambit1 on May 10, 2013, 03:24:53 PM I hear you brother ;D
Title: Re: What's happening with feathercoins Post by: freethrow on May 10, 2013, 06:41:33 PM I'd post on this other thread to ask this, but can't as I'm limited to the newbie section:
https://bitcointalk.org/index.php?topic=186539.0 I had mined with that pool when mining FTC was worthwhile, and had 11 FTC "stuck" in there, as the pool only pays out above 20. So I set about mining again just to get up to 20. The pool found two blocks in fairly rapid succession, which would have taken me up to 31 FTC but both are now showing as invalid: http://fc.ltcoin.net/blocks.php Is there any way to see if this is real info, i.e. did the pool really find those blocks and they became invalid in some way, or is it just a scam to keep people mining for free in the hope of reaching 20 FTC to be able to cash out? If it's definitely a scam and I'm never going to get the FTC I have in there, obviously I'm better off doing something else with my GPU time and electricity. Title: Re: What's happening with feathercoins Post by: Surprise on May 10, 2013, 06:43:13 PM Altcoins: not even once.
Title: Re: What's happening with feathercoins Post by: alexxy on May 10, 2013, 06:49:22 PM Its still failing =\
Title: Re: What's happening with feathercoins Post by: Wekkel on May 10, 2013, 06:56:41 PM I pointed my tiny miner to this thing just helping to get over the bump in the road. With current mining power, how long will it take FTC to reach a more reasonable difficulty that matches available mining power?
Title: Re: What's happening with feathercoins Post by: tuneman1980 on May 10, 2013, 07:02:42 PM http://benhohner.com/feathercoin/statistics.php
About 21 days. Title: Re: What's happening with feathercoins Post by: loldongs on May 10, 2013, 11:00:54 PM I'd post on this other thread to ask this, but can't as I'm limited to the newbie section: https://bitcointalk.org/index.php?topic=186539.0 I had mined with that pool when mining FTC was worthwhile, and had 11 FTC "stuck" in there, as the pool only pays out above 20. So I set about mining again just to get up to 20. The pool found two blocks in fairly rapid succession, which would have taken me up to 31 FTC but both are now showing as invalid: http://fc.ltcoin.net/blocks.php Is there any way to see if this is real info, i.e. did the pool really find those blocks and they became invalid in some way, or is it just a scam to keep people mining for free in the hope of reaching 20 FTC to be able to cash out? If it's definitely a scam and I'm never going to get the FTC I have in there, obviously I'm better off doing something else with my GPU time and electricity. I had a similar issue with the "lol just kidding you can't cash out until 20 FTC now!" thing on that same pool. I PMed the guy running it last night I believe and asked him to just pay me the balance i had on the pool, and I just got the incoming payment notice. So try that. It's hard to call it an outright scam, when it seems to be just a terribly, terribly run pool with awful documentation. Never attribute to malice that which can be explained by incompetence, I guess. Title: Re: What's happening with feathercoins Post by: nillde on May 10, 2013, 11:16:54 PM Yes it had a nice run but appears to be over at this point.
Title: Re: What's happening with feathercoins Post by: theskillzdatklls on May 11, 2013, 03:18:58 AM i put my life savings into feather coin because this guy i know said it was a good investment. now im just hoping it goes back up so i can at least afford some top ramen tomorrow.
Title: Re: What's happening with feathercoins Post by: stulowe on May 11, 2013, 03:57:43 AM It is a real shame and I hope the difficulty change makes a difference. That and I'm still holding quite a few ftc ;)
Title: Re: What's happening with feathercoins Post by: Julia Sanders on May 11, 2013, 04:02:05 AM Feathercoins are worthless now. Everybody moved on to newer coins.
Title: Re: What's happening with feathercoins Post by: Bitcycle on May 11, 2013, 04:09:34 AM It will be like this for a while. A steady stream of altcoins coming and going. But FTC seems to be headed down.
|