Bitcoin Forum

New Client
Feathercoin 0.6.4 has been released and is available from the links below.

There is a mandatory update at block 33,000. After this block old clients will no longer be compatible. All coins and transaction are safe and will be the same in the new client.

At block 33,000 the difficulty was adjusted by 41.4% to help speed up transactions. After this block the difficulty will now adjusted in multiples of 504 making the difficulty adjust four times faster than Litecoin. The difficulty can change by a maximum of 41.4%.

Downloads
GUI Version for Windows - Official Site (http://www.feathercoin.com/dl/FeatherCoin.zip) - Google Drive (https://drive.google.com/uc?export=&confirm=no_antivirus&id=0B3j45cVgrEz0ckVUZFQwdzVjUlU) - Dropbox (https://dl.dropbox.com/s/8jlquc060x63ext/FeatherCoin.zip)
GUI Version for Mac OSX 10.6 or later - Official Site (http://www.feathercoin.com/dl/feathercoin-mac.zip) - Google Drive (https://drive.google.com/uc?export=&confirm=no_antivirus&id=0B3j45cVgrEz0N3BYaG03XzZnZDQ) - Dropbox (https://dl.dropbox.com/s/l8s9y3m797x4sve/feathercoin-mac.zip)
Windows Daemon - Official Site (http://www.feathercoin.com/dl/feathercoind.zip) - Google Drive (https://drive.google.com/uc?export=&confirm=no_antivirus&id=0B3j45cVgrEz0MDk4MUl6U3hoeG8) - Dropbox (https://dl.dropbox.com/s/7i9fshlp8erp6rz/feathercoind.zip)
Source Code - GitHub (https://github.com/FeatherCoin/FeatherCoin)

Upgrade
Shutdown the client
Download the client from the link above and extract over your existing Feathercoin folder
Start the client
Check the version by going to the Help menu and selecting About Feathercoin
If it shows 0.6.4 you are using the new version

Network stats
Retarget Time and Next difficulty (http://stats.feathercoin.com/)

Pools running Feathercoin 0.6.4
Coinotron (https://coinotron.com)
d2 Pool (https://ftc.d2.cc/)
Dig Feathercoin (http://fc.ltcoin.net/)
FCPool (http://fcpool.com/)
Feathercoin is a Geek (http://feathercoin.is-a-geek.com/)
Featherpool (http://featherpool.ru/)
Give Me FTC (https://give-me-ftc.com/)
Mining Foreman (http://ftc.mining-foreman.org/)
We Mine FTC (http://www.WeMineFTC.com)

Lol.

upgrade,lol

good to see that it goes in a good way, keep up the good work  :)

Good work.

Any estimate on when that block will be reached? 1 day, 5 days?

It should be around one week on the 22nd May, though I expect we will have a hash power rally when we get a bit nearer :)

Cool.

Should get this stickied.

I thought FC was defunct now we have FC2.

Actually FC2 is defunct now that the sunrise coin aka FTC3 is coming.

That was a joke/troll Hazard. I, nor anyone else working on Feathercoin has anything to do with FC2.

great to see the dev is working on fixing this, ftc has quite a community going so i think it's one that will stick around.

How about you let your shitty pump and dump coin die?

How about you take a good look in the mirror kid.

Thank you.

FC is traded on an exchange so unlike FC2 it should probably be taken seriously.

This is the reason you don't see this guy on the news talking about Bitcoin... they need to hide 'this' segment of the user base. :)  Anyway, please perform the mandatory updates and join on us on the official forum.

Thanks for update! FTC is great ::)

Do you know what that means?

So Chinacoin should be taken seriously? YaCoin too?

Seriously, is that what you guys do all day? Argue? This thread is devoted to the hard fork update. Is it too much to ask to stay on topic, even here?  If you need some warm fuzzies, feel free to visit us in the official forum.  Too many central planners around here, I wish all coins the best.

"So x should be taken seriously?"

I don't know, I'm not you.  Have a great day.

Before putting hard earned money into a coin you need to do some research. Check if there is a community that supports the coin, if there is active development working on the code base and if there are active plans to further the use of the coin with merchants and services.

Feathercoin is what I spend all my time on and I take it very seriously.

Wallets updated Bushstar!! Let the coins roll in :P

Very nice move!

Thank for support and updates Bushstar!!

Can someone please sticky this?

Nice. Keep up with the good work.

:) go bushtar :) good job

+1 
work on existing coins instead of making new ones!

Finnaly SOME hope for this otherwise dying coin.

Thank you! Now I hope I can turn my loss in a small profit again.

Thank you to the moderators for the sticky concerning the hard fork, much appreciated.

Nicely done Bushstar! Excited to see the change go into effect. Thanks for keeping this community alive and healthy.

Well, good to finally see that there's something about this coin that's different from LTC now :P Have fun

If people could help us mine to get to block 33,000 so the lower difficulty kicks in that would really be appreciated.


Am FTC pool can be found at   https://fc.dontmine.me
or if you prefer p2pool like I do http://91.121.142.166:19327

good job, cheering for this one

Wow why are so many coins forking this week?

Because they are all derived from the same buggy Bitcoin code that hadn't thought through the high difficulty low hash rate scenario.

my pool http://fc.ltcoin.net has updated the new version.

I also will upgrade my scripts of http://fc.ltcoin.net
before block 33000
with holes all fixed.
also i will open the function "request payment", so you can get paid any time.

Yeah seriously. Transactions are taking forever with FTC right now. I tossed literally every CPU/GPU I have at mining last night. Block confirms are moving tortuously slow.

ed: On the pool I'm mining on right now, I'm sitting on ~5000 unpaid shares or more. Really want that lower difficulty.

All this fork does is inflate the supply of FTC in circulation.

Seriously a difficulty adjustment cap down 10 times?

Lol

Price of FTC will crash...just watch lol

Take your profits folks.  :D

I want to like FTC, really.  So someone, please correct me if I'm wrong here:

FTC difficulty is currently 188.19.  At block 33000 it will go down 41.4% to 110.28.

Further increases and decreases in difficulty are capped at 41.4% and may occur every 504 blocks.

Correct?

If so, then the network hashrate (currently 267 MH/s) will have to shoot up over 10x to approach the target 2.5 mins/block.

If the hashrate "merely" triples to about 800 MH/s, we will have 10 minute blocks for about 3.5 days till the next difficulty. Next diff after that will drop another 41.4% to about 94.84.

Keeping the 800 MH/s in mind, we're still talking 8.5 min blocks for another 3 days.

It's anybody's guess as to the actual network hashrate, but hopefully you get my point: dropping the difficulty only 41.4% just isn't going to be enough.

*Squeezes Cheeks*  My grandmother would love you when you make cute little statements.

This fork just cures the symptoms of the dying coin, doesn't address the actual disease.

And why is it dying oh wise one?

Death by further inflation of coin supply (this new fork)

OR

Death by really low hash/transfer rate (current fork)

Pick your poison. There really isn't much other options for FTC.

That logic doesn't add up, nor does it match what has happened to other coins in similar situations. Feathercoin continues to be viable for the simple fact that it has a VERY active community who is leading it's adoption in all the same ways the Bitcoin community did in the early days of Bitcoin. I've watched the forums grow from 100 members to 700, I've seen it get adopted more rapidly in exchanges than any other coin as a result, and I continue to see massive progress with regards to both it's innovation as a coin and it's expansion through marketing and coding. This inflation you speak of is simply getting it back to the rate it was SUPPOSED to be at in the first place, and KEEPING it there. That's the reason for the fork, and that's the reason why it continues to be viable while other coins wither and die on the vine.

I've seen plenty of alt-coins come and go. I've never seen a community this strong in this short a time frame around one, and it continues to expand.

Don't believe? Don't buy it while the price is dirt cheap. Wait 3 months and see who was right.

Smoothie, yesterday I saw a post where you said you were brutally honest and I thought, perhaps he really does think he is doing everyone a service, it is just a shame that he generally gets it wrong :)

Is response to exahash who pointed out a real concern that the recovery would be too slow. We do not want out coin to recover and jump straight back to the top of CoinChoose again for the reasons Smoothie said. We would rather it comes down to a more workable level so we can keep mining and supporting our coin while everyone else chases the most profitable coin. When I started mining Litecoin I did not do it because it was the most profitable. I did it because I believed in it and I enjoyed it.

So basically FTC will die because you think it's crap. But then why do you folks care to pay attention for it?

+1

Current Network Hashrate    254,234 KHash/s
Current Block    32811

It's going to take days to get to block 33,0000, people just aren't interested in helping mine.

We have already been up at this high difficulty for a while now. Some people need to focus on what is profitable right now and I understand this. If we had the 504 block adjust already things would have started moving more quickly by now. This makes me feel positive about the future.

Once I feel that we have everything in place I will pursue getting some additional has rate to get us to 33,000. After that we will see another difficulty adjust not long after at block 33,264. This will bring us back on target :)

Totally love that line!

It's good to see someone behind the coin actually cares about it, not just because it's on exchange. Just like bitcoin, it's the community that drives growth. Among all new alt coins launched recently, this is the only one I respect!

@Bushstar, instead of reducing retarget time, have you considered making difficulty retarget dynamic so just it will adjust REALLY FREQUENTLY, something similar to Bitbar?

There are other coins out there that use or are planning to implement very responsive difficulty targets. This is great from a technical standpoint and I'm sure everyone is interested to see what the full effect of this means long term. If anyone of them proves over time to be best solution I'm sure other coins will make the change, it would be daft not to :)

What we have gone for with Feathercoin is a more conventional solution, that is more native to Bitcoin and Litecoin. This change will suit us for the foreseeable future and we can now start focusing on other challenges.

+1  Oh...and I love BitBar!

True, it does seem that way.

Right now the altcoin community has been flooded with dozens of clones and joke coins.

Considering that:

• many of us do have some FTC in our wallet, and therefore a vested interest in seeing it rebound
• FTC was one of only a handful of coins to show a decent profit on exchanges
• a glance at coinchoose.com right now shows no altcoins being more than a few percent better than mining BTC directly
  

Then hopefully some more folks will throw their otherwise idle mining at FTC for a day or two.

I'm very glad to see this update to FTC, I've been hoping for something like this to get the network going like it should again.

Keep up the good work guys!

Your so smart, did it take long to think up that troll comment?



The current block rate is about one every 2 hours, not one ever 27min the stats page on feathercoin.com is erroneously telling us,  we are up to Block 32817, at my previous post in this thread 10 hours ago were were at block 32811,  so it should be early June when we hit block 33,000 at the current rate of hash decline.

I think we need to release 0.6.5 with the fork block set to 32850 that's ample warning.

The network stats page us been updated to reflect the changes made. We are currently looking at three and a half days.

Network stats
Retarget Time and Next difficulty (http://stats.feathercoin.com/)

That figure is totally wrong, FTC has only done 6 blocks in the last 10.5 hours. Your time per block calculation is flawed and out by a factor of 5 or more. It's most likely counting blocks that were done when the hash rate was much higher in the past. I suggest the Expected Time per Block formula be changed to calculate on the blocks done in the last 24 hours so as to give a more realistic estimation.

It is averaged and the hashrate can be sporadic, the last day would not be a great enough sample. There is one user who turns up on a pools that makes a large difference when around.

Lets examine the last 500 blocks back to block 32300 Mon May  6 14:28:13 2013



There is a pretty obvious deceleration going on.

Please check this BushStar, there is an error in the latest update.

https://github.com/FeatherCoin/FeatherCoin/issues/6

I have been running it on linux since it came out as the backend of a p2pool server without a hitch.

Well after we built it and loaded it it was crashing every 5 minutes and restarting.  We switched back to the old build and everything was fine.  If we wait for a block to be found could this solve the issue?

I've had it updated since it came out and haven't had a problem since the upgrade. I don't know why it's acting up for you guys  ???

Build it yourself from source.

Psuedo Code for alt discussion

i = 0;
do forever
{
var x = "<insert coin name here> + <flame>";
var y = "<insertcoin name here>" + i + "<is new best coin evarrrrrr give me your LTC>";

post x, y

i++;
}

+1

Dude get out of the house .

It will take long time if hash rate decrease continuously. I think 32,850 was perfect.

I have responded to you on GitHub.

177 blocks left - once we cross this barrier it should be smooth sailing.

177 block * 0,5h ?
so 3 days and 16h  left until price will go 2x up ? :D

Like I said before, the current block rate is closer to 2hr. so make that the start of June not 3.5 days unless we suddenly get a hike in hash rate.

Profit nothing more.

+1

I think they have to released another version with another correction. We will never be able to touch this block within 20 days.

Many on here are very impatient. Expecting a few week old coin to have basically overnight success are delusional. FTC will only be a success when the support and development for it persists past at least a year from its launch.

4 weeks and Already a fork? Lolz

Almost got it right.  As far as a profit motive, that's fantastic. As a free market guy, profit is a wonderful motivator and I'm grateful for the opportunity to participate in growing a product. What you got wrong was the 'nothing wrong' statement.

While everyone will attach to a coin for their own reasons, mine is interest in leading a community. As someone that's established in their career, I have the time/resources to work on projects I find interesting. I've had opportunities to lead grassroots campaigns in the past, I'm curious if the same 'stone soup' approach can work in the crypto community.


You are absolutely right, Feathercoin is barely a month old. I look forward to visiting with you in a year and see where we end up.  I have teams working on everything from merchants to marketing. We've grown from a few stragglers on the official forum to over 700 strong. People dedicate THEIR time because that's where they choose to put their energy.

Not everyone needs the money. I know that's an evil phrase to say these days, but it's the cold hard truth. Some of us enjoy a great project and want to work with others to achieve it.  While some look for every reason why something won't work, I try to keep my head down and continue to work.

Too many people here get the 'lolz' watching other people work. They simply want to see others fail. Instead of finding anything being done right, they will always find the opposite. Whether it's 700 or 7000 members donating time, there will always be those that will find a reason why they don't like us. That's fine, we have a community that won't be out worked.

I agree.  At best, you'll see today's network hashrate hold up.  At worst, it will shrink by half every week as the savior miners throw in the towel.

Block 33,000 is too far out if we want to see any rebound.  It might be best to release again with a fork at 32,900.  Or even 38,500.

Carry the FTC momentum while we still have it.  It's painful to release again, I know. But waiting another 3+ weeks might kill the coin entirely. 

I have been mining sole FTC for the past week. Have 70 coins! LTC blows.

I got the new client. It currently shows 0 active connections to the network and out of sync, but that will be resolved when the next block is found? Should I just switch back till then?

They were all built from source.  The old version which has no issues and the new version that crashes were built on the same box, using the exact same packages.  I am going to try to recompile again and see what happens.

Did you clone a fresh copy from GitHub?


33,000 is getting closer. I've just got up and will now continue the mission to get us some hash power.

At this rate FtC will retarget in 30 days or so.

Actually it looks like we are picking up a bit of steam as blocks are ticking faster. We should not be sitting around for that long.

Smoothie where have you been anyway?

There have been so many coins coming out and a lot of them need your attention. This is not one of them by the way. The fact that you are chasing us now makes me think you only target coins you deem a threat. If true this puts you on par with the trolls in the troll box, I always thought you were better than them but just misguided :)

Back to business, I mine 35 coins a day now that I've tripled my mining setup. Looking forward to the next difficulty though it cannot come soon enough now.

Doesn't seem to be getting any faster to me, current block is 32837


97min per block average for the last 37 blocks. The stats on feathercoin.com is still claiming it's 30min per block which is just crazy wrong.

At this rate even if the difficulty reduces from 188 to 110, the block rate will still be terrible.

We would need to put some custom code to get the time from a smaller sample of blocks. What do you think would be a suitable number for a sample of block at this point in time?

After the change transactions will move quicker and we will be able to pick up some additional miners on the way. This should restore some confidence to the market without seeing people mining just to dump. We are looking for a slow and steady recovery the first step of which is to get to block 33,000, after which we only have 264 block to get to the next change at 33,264.

No more than 200 blocks in the sample, if you look at my table the rapid decline started at block 32450, I am using 50 block data points since then and when I chart them it has a steep gradient.

A better technique would be to use a number of days, say an average over the past 7 days. (604,800 secs) so you subtract that from the last blocks timestamp and find the closest block to it, in this case it would be block 32656  which means 181 blocks in the past 7 days or 55.69min per block average over the past 7 days.

Can someone post a link to the 0.6.3 client? I need a client that works for now until 0.6.4 is repaired.

What's supposed to be wrong with the 0.6.4 client? Work fine fore me on Window, Mac, Linux.

This is what I get in the console: {
"version" : 60400,
"protocolversion" : 60001,
"walletversion" : 60000,
"balance" : 64.33841680,
"blocks" : 32828,
"connections" : 0,
"proxy" : "",
"difficulty" : 188.19010869,
"testnet" : false,
"keypoololdest" : 1368285686,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"mininput" : 0.00010000,
"errors" : ""
}

I have no connections to the network and out of sync. Ideas?

At least they now have some hardship to help build character for a real coin/community

Lets see if they can even get to the for position of 32000 as It is looking really really bad....

Of all the total rubbish that has come out recently FTC had a flash mob community feel to it

Anyway good luck..i hope u provide some diff relief to LTC.....but it is a long and hard road to call yourself a coin...everybody has to start somewhere :D

Injected 650 kHps into network. The block 33,000 becomes closer. Good luck.

Can you backup your wallet.dat, then remove everything from your .feathercoin folder except your wallet.dat, start the client up again and let me know if it connects?

Try leaving it running for a while as well.


Thanks :)

Time would work fine now but probably not as much once we are three or four difficulty adjust in and looking at retargets every day. It would be ideal to have something that works better when blocks are going slow and fast. I think it would be safer to aim for 50 blocks at the moment and see how that behaves now and after the difficulty adjust.

I pointed 4.5 Mh/s at FTC last night.

My wallet has been backed up. I deleted the client and the file in Appdata/Roaming. I re-downloaded the .zip and ran the client, still nothing.
Could it be something with UPnP? Should I try the  SOCKS proxy?


EDIT 1:I installed the feather coin client (0.6.4) on a windows 8 laptop I have and it too is not connecting to the network. My location is Ottawa, Ontario.

EDIT 2:I need to try the 0.6.3 client again to confirm its not the client. Any download links available?

That is very odd indeed and I'm wondering if it is something local if multiple computers are having the issue.

Have you restarted your router?

Can you ping and get a response from the Feathercoin DNS Seed nodes below?

dnsseed.feathercoin.com
dnsseed.fc.altcointech.net
dnsseed.alltheco.in
dnsseed.btcltcftc.com

There is no old copy of Feathercoin online. If you PM me your email address I can mail it to you.

So while trouble shooting I noticed Steam could not also connect to it's network. I contacted my ISP and they reset a switch to my home, after 20min, I can now connect to the steam network and most importantly; the feathercoin network! Thanks for you assistance, if this issue arises again I will inquire about changing ISP's.


EDIT1: To restore the wallet backup I have, I typed -rescan in the console so the client can find the .dat but it's not. Where do I place the backed up wallet so it can be restored?

EDIT2: Solved, I just replaced the wallet.dat in the roaming file with my back up, and done! back to mining!

At the rate these new coins get created even I can't keep up. Now I resort to picking and choosing the most entertaining one to troll.

In that case you should head over to Bitcoin, I bet a lot of them do not know that Bitcoin is just a Litecoin clone. That would be an interesting reaction.

The stats page has now been updated to get the block time and retarget time from the last 120 blocks so not always the last retarget. If the retarget is less than 120 block before the current block, then it will count back to the retarget.

http://stats.feathercoin.com/

Expected Time per Block   0 day(s), 1 hour(s), 7 min, 41 sec
Time to Retarget   7 day(s), 8 hour(s), 0 min, 42 sec

A 41% drop in difficulty is not going to be enough to get the profitability to a point where people are going to start mining this again on a large scale unless the price rises..  Maybe after the second adjustment.

That's right, I pointed it out earlier, most likely some time in July the block rate will be attractive to miners again. The next change will bring down the time between blocks to around an hour, and there are over 500 blocks to do until the change after that, which will be late June, but it's arguable if that difficulty will be good enough so yet another change will most likely be required putting it well into July.

This is a complete repeat of what happened to name coin in summer of 2011.

Making changes like this fixes nothing really.

Prepare for the FTC price drop as the diff adjust is capped on each adjustment.

FTC can be profitable again, diff just needs to drop, A LOT.

Remember, you'll need to find some sucker to buy them off you as well. Good luck with that.

There is no shortage of FTC trades on BTC-e.

I was referring to profitable trades.

That's a function of mining difficulty more so than just price. Atm you would be mad selling any FTC you mined whilst the difficulty was, high, in fact you couldn't as it hasn't had 120 confirmations yet if it was mined in the last week or so. Most of the people mining today are just trying to push the blocks to 33,000 to trigger the new difficulty, I am sure the know the coins are not profitable at the current price.

Just to add insult to injury

Every feathercoin site including ben hohmer stats has a MAL/Get h virus warning from SOPHOS from work etc

High Risk Website Blocked
Location: stats.feathercoin.com
Access has been blocked as the threat Mal/HTMLGen-A has been found on this website.
sophos anti-virus

It might be a false positive but oh well .. u now have aids as well ... hows life at the top at the moment ...a new coin  was not meant to be easy then u get aids and die ... lol

Thanks for that Sophos. I will speak to them about this, funnily enough they are not far from where I am. Perhaps I'll drive over and bang on their door :)

To get things moving along I have started a 10BTC bounty.

https://bitcointalk.org/index.php?topic=210854.0

Adding a 5BTC speed bonus bounty on top of it.

I've been "out of the loop" lately and I'd like to ask what specific merits FeatherCoin has. From what I can tell on BTC-e, it's attracted both a lot of hype and a lot of doubt. Why should I mine it? Why should I buy it?

main reason for me is the active dev that puts a lot of effort into ftc

For all the same reasons Litecoin has merit. It's essentially a Litecoin fork, but it targets faster transactions making it more suitable for the internet where people expect purchases take the time required to reload a web page.

It ran into a serious problem when the difficulty shot up due to a massive first wave of interest, but the community supporting it has remained VERY strong. To address this, the developers did a hard fork exactly the same way Bitcoin did one recently in order to introduce a more responsive difficulty retargeting, while being very careful to not allow it to plummet too fast. This, coupled with a massive marketing campaign has lead to a resurgence of interest in the coin, since it is effectively the best of all worlds (the security of bitcoin, the quickness of litecoin), because it continues to innovate and has a community that makes it relevant and is rapidly pushing adoption.

You should buy it because we've already hit the floor with regards to the price, and now that it's relevant due to the hard fork and interest is surging again, the price is going to continue to rise. New services are already in development for it, and it has the technical necessary and the community support to see it continue to gain rapid adoption.

You should mine it for the same reason, AND because there's bountys attached to mining certain blocks in order to help it reach the hard fork and retarget difficulty, AND because in another few days when difficulty drops the amount of coin you can earn will increase. All of this equates to profit. Some people look at the price and go "No, it's not profitable." Those same people are still pissed they didn't buy BTC when it was $13 dollars a coin, because... that's right... it wasn't profitable.

Look at the technical. Look at the community (Feathercoin.com forums just passed 800 registered users and it's been up a month). Look at what's happening with it's adoption. Look at the price over the past 2 days. Look at what's about to happen when we reach the hard fork (hint: more miners). Look at what happens to a coin when more miners jump onto it, and a large community presses for it's rapid adoption. Then decide for yourself what you should do.

Thanks for your reply. I think I'll invest in some at my own risk.

Mmmmm, doing a little research disturbingly reveals a very large percentage of those 800 members are actually inactive accounts. (Registered days ago, but no posts.)

I strongly recommend people take some of these facts and figures with a large pinch of salt.

We have had 62 people register today and yesterday. On posts slightly less than half the user base have made at least one post. Users have to post at least once in the newbie section to post elsewhere. If the number of users not posting is higher than average then I will look into ways to make sure people find the newbie section.

I'd say you are a bit grandiose there with your disturbing research.

Don't you get it? You're literally witnessing the next generation of entrepreneurs invent themselves. These guys are putting their time, energy, and money into building a community, pushing adoption, providing leadership, increasing effectiveness, and doing everything they can to make it successful. As a result the value of their stock is increasing. What they've done is figured out a new way to start a new form of business while bypassing the existing bureaucracy and governance, and the free market of which you are a voting member will decide their fate. This is the early days of the internet all over again where anyone with a bright idea can make a quick buck, but those with the patience and skills to see it through the long haul will be rewarded on the long tail... and good on them for doing so I say. Capitalism wrenched from the hands of the elite and put back in control of the people, by the people, and for the people. All business owners are early adopters. Labeling that as "pure greed" is shortsighted to say the least. I say what better way to make a dollar?

The FTC hash rate seems to have picked up a lot in the last day an a bit, something you have done is working. Though the stats don't seem to reflect the change, my calculations do and the hash rate has at least doubled recently perhaps tripled.

If completed by:

May 25, 2013, 12:15:15 PM (server time)

+5BTC speed bonus for 33,000 block

When this same thing happened to Namecoin (in October 2011) what soon followed after was a deep decline in price.

Ultimatley capping the difficulty adjustment to 41% per round is inflating the FTC in circulation.
With it's original diff adjustment it would be capped at 400% so that allows for much more FTC to be created with less hash power ultimately depressing the FTC price when using the new 41% cap..

Let's watch. Time will tell.

Valid consideration, we'll keep working and see how it plays out.

Difficulty adjustment is limited at 141% per round but each round is also 4x as short (504 blocks). So the max difficulty change rate is the same as litecoin except adjusting more responsively, thus more adaptive to fast hashrate change environment.

Although ppcoin's continuous adjustment would suit better in my opinion. But this is what bushstar wanted to achieve based on better community understanding and support as ppcoin's adjustment algorithm is still only understood by very few.

With a 10 times decrease on the max diff and the 4 times less blocks is net inflationary. Thanks for that note about the blocks. I must have missed that when I read the op.

Thank you for acknowledging it's a great coin, we have a strong community putting their blood, sweat and tears into it. I also appreciate the comment on the logo, again, built from community effort. It's amazing how so many people have a difficult time understanding what made different Linux implementations successful.  How could an OS make money when it was given away for free? How could it make money with very few differences?


Support makes all the difference, community makes all the difference, merchants that eventually attach to the coin makes all the difference, availability of funding makes all the differences, good documentation on mining makes all the difference, volunteers that are collecting community feedback makes all the difference and programmers willing to experiment with new features on testcoins makes all the difference. Bitcointalk snipes don't make much difference. :)


 I feel the teen angst... maybe I'm just too old to care. We're not going anywhere, period. Let go of the sarcasm and spend a few minutes in our community for a change. You might feel a bit better and far less bitter.

Ah greed, is there nothing it can't solve ;D I am impressed, it's over doubled the hash rates.

About ready to send the extra 5 BTC to Bushstar. 10 BTC for block 33k, that's not a bad deal by any means. 

Except that almost all of them are just tiny tweaks of bitcoin/litecoin.
They're lazy ass bastards that hope for a get-rich scheme, not entrepreneurs.
What you're whitnessing is pure greed driven copy-cat behaviour without any eye for the future.

Yeah, we're rolling in dough over in the FTC community. Oh wait, I went to BTC-e last week to buy 2500 more coins out of my own pocket to hand out to the community to say thanks. It's easy to be cynical in these types of boards, I understand.  We can can continue to bring on merchants, keep assisting miners that are often too much of 'noobs' for certain forums, keep pushing initiatives forward and there will always always be those in hardcore communities that miss the big picture. I accept that, it's just odd. Coming from the Linux community in the early 90s, maybe I see things differently. Flavors of Linux didn't necessarily jump to the forefront because of huge technical differences. In fact, profitability came from the ability to support it and build services around a distribution.

If there weren't critics, we could turn lazy.  If you're just getting your FTC info from Bitcointalk, we invite you to step in our community for a few minutes and see what we're working on daily. If not, that's fine too. We're quickly approaching 1000 members, we're not going anywhere.

That's that, right? Looks like we're on block 33000.

How did everything go?

It happened. We are past block 33,000. I'm just running round now checking that everything is ticking as it should be :)

Maybe I can relax tomorrow and go for a hike up our modest hills.

finally.  ;)
But still i think price will be the same, until miners dump masses of FTC  :-\

FTC is still dead because of the restriction on the difficulty re-target.


20min per block is hardly a useful coin compared to it's 2.5min design.

The pool I am on http://feathercoin.is-a-geek.com hasn't found a block in 9 Hours 29 Minutes which is kind of pathetic.

The block explorer at http://cryptocoinexplorer.com:5750 seems to have choked on the re-target

That is due to a much higher difficulty for the majority of the time.

Either:
A - Hashrate will pickup, and it will correct itself, or
B - Hashrate will remain the same, and next retarget will bring it back to 2.5 mins. The limit on target recalculate will ensure that it doesn't jump hundreds of percent at a time.

It is a slow recovery remember. What we did not want to do was end up top of the CoinChoose straight away. Remember that the next difficulty adjust is at 33264 which is only 252 blocks away now.

True, the Coinchoose tables are wrong anyway, as they work off the latest spot price not the weighted average, so they are easy to manipulate with small timed sales.

I was actually afraid FTC profitability would spike on coin choose, thus bringing in the flash miners. Not something I wanted to deal with straight away. I am actually very pleased with where things are at. :)

The flash miners are exactly what FTC needs to get the block time back in order.

FTC is useless atm. it takes 4 hours for 6 confirmations of a transaction, and over 40 hours to confirm a mined coin before you can trade it. FTC is supposed to transact at the same speed as LTC.


If the block 33000 difficulty change formula can't handle the flash crowd, then it's time to go back to the drawing board.

You're talking purely from a technical stand point. The difficulty can play a different role on the market. This kind of difficulty change has done well for Litecoin and Bitcoin and I imagine it will do well for us to. We never expected to get back to a 2.5 minute block target straight away. Anyway we are 92% profitable for miners. A few more percent up and flash miners will return, if it goes down we can mine Feathercoin and keep them for ourselves :)

92% is good for mining, my issue was with the long transaction confirmations. The time is coming down, the site now says 15min per block instead of 20min it did an hour ago.

Aye, I was referring more to the market history flsh miners have left in their wake the past few weeks, rather than the actual technical repercussions. A point to which you are correct erk. Having more than just a "profit" based interest in the coin tends to make one look at more than just what happened out the gate. With block times dropping I think the fork is off to a good start. Again, my opinion was just that. And based more on my view of the "flash miner" mentality than anything else :)

I am still mining FTC, I had a bit of a lull and mined WDC and DGC, but my interest came back when firstly those two alts got listed at way below what I calculated their value should be on the exchange, and secondly Coinotron started a PPS pool for FTC as I was having problems with the poor block discovery on the existing FTC pools, including p2pool. PPS gets around that, although you pay 5% for the luxury, it suits me. One of the things going for it is FTC is listed on BTC-e which is important for alt-coins, the other exchanges are full of miners dumping for next to nothing, and more importantly really low volumes.

Really awsome putting your btc on the line dude ..2 points *

* I understand u have a lot of FTC so is 50% awsome ..lol

There are some filters in place to prevent tiny trades from skewing the tables, but also those tiny, out-of-market, trades hopefully get gobbled up quickly.  I have debated weighted average vs. spot and noticed a few times that sites that do weighted average (Dustcoin is a good one), have an issue in large price movements.  I may implement a second page that provides a weighted average based on all open orders (as compared to recent), to provide a second perspective, but BTER would not be an exchange on this list (as you can't get an order list from there).

Well that did not take long. Price went from 0.0015btc to 0.00075btc since I posted this. 50% devaluation in 3-4 days..oh my..

 :D

This coin is still trying to find its value. Personally I think it is underpriced at the moment and am buying all the coins I can which is still not enough :)

What we have is volume which is key. We have a heavily traded coin with value that can then be used by merchants. We have faced many challenges along the way and we are working through them with the community. There are many people working on new features that could be introduced into the client. We are working to make this a product fit for the general product.

The thing is that large price movements don't matter to miners, they are mining not trading, it takes hours if not days for miners to adjust to things and make decisions, more than enough time for a sensible waited average to adjust.

If you notice I was right. But never did I say FTC would die.

Merely was speaking from an economic/price standpoint.

FTC will likely have its price creep downwards given the new max diff adjustment addition, despite making retargets 4 times more often with 10 times less ability to have difficulty increase.

The net inflationary implications are 2.5 times lower. We just watched it go from 0.0015btc to 0.006...now at 0.00078btc.

50% fall. We could definitely go lower...like I said...time will tell.

 ;D

Edit: And I wasn't trying to be cute.  :P

Does anyone else have the feathercoin android wallet? I do. It did not get upgraded before the fork and now I have lost access to the coins in that wallet.

40min block rate and rising. Took all night to transfer some FTC into BTC-e with their 10 confirmation requirement.


Has Feathercoin died on this forum, gone to it's own corner?

not a smart move to just ditch this forum imo

So you just deleted and reposted the same to bump it up? Good job.

I replaced it with the current figures thank you very much, shows how well you read the posts.

The altcoin section has turned into a cesspool of spam and "My coin is better than your coin!" dribble. So, yes, a lot of people within the FTC community have decided to spend their time elsewhere.

Well it's been over 3mths since this thread started and the FTC diff recalculation is still totally out of touch with reality.

504 block corrections with 41% adjustment is not working, almost every time I look FTC is way off the 2.5min block target. There have been at least 2 FTC releases since this thread and it's still not fixed.

FTC would probably be worth twice what it is if it worked properly.