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I think the large dumps we are seeing lately are from people (large investors) fearing that they won't be able to exchange for fiat in the near future.
So, imagine if this intensify. Basically I think the U.S. has every reason to destroy Bitcoins taking the least actions possible, just by letting FUD do it's work...
For sure, if you can't exchange BTC for fiat, then BTC is worthless (monetarily speaking).
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In fact, 'the next one' here is WM-Center. Well, as they did in the past for a few sites they can't seize because they are off-shore, they seize the domain name (so people can't go to that site anymore). Another reason why no-one should use a .com, .net, .org or other TLD that are under U.S. control. |
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Sadly, the FRC value is "crashing", everyone seems to just be dumping right now. Hashrate is pretty high, so expect profitability to get worse  |
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coinchoose now updated too  |
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cryptocoinexplorer.com: UPDATED and running fine
Difficulties for last 3 blocks are exactly the same, shouldn't they differ? If I understood fix correctly, difficulty should be dropping gradually until block time is around 10 minutes.  Retarget is now at every 9 blocks. It will, every 9 blocks  |
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Look at that, coinotron jumped from 8GH/s to 46GH/s...  |
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Cool The explorer must have something wrong (old client?). It's not me who got that block though  |
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Yeah, after reading again, I was not sure if that's what he meant. Well, no one knows, as it depends on a lot of factors, mainly the profitability. If it goes above 100%, that it will go fast. If people start buying FRC, it will drive the prices up (and increase profitability). We are already seeing movement on BTER. However, if profitability can't keep up, we may just have to sit and wait for a while longer. However, every 9 blocks, retarget occurs. Eventually, difficulty will match hash rate, and if hashrate stay low, profitability WILL get above 100% within the next few days |
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In a few minutes, when I find block 28336, everything will go back to "normal"  How fast to 2 TH/s? Where do you get 2 TH/s numbers? I would say that currently the rate is about 20~40GH/s. It's hard to tell as there's a lot of solo mining. I'm doing 3.54 GH/s. My chances are slim but not negligable, but I always keep hope By the way, at 37K diff, that makes about 2 blocks per day solo, so the chances are there! |
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In a few minutes, when I find block 28336, everything will go back to "normal" |
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That's it! Let me check... Nah... It ain't me It's contributor mavric at coin-o-tron actually, too bad the pool is keeping the transaction fees. I'm going for block 28336! My freicoin client API is also reading 148K difficulty. Block 28335 was solved by Coinotron. 1000 FRC goes to user mavric ! As soon as block 28335 reaches 120 confirmations Nice! Thanks |
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I edited my post, but since a few more added in the meantime, here's my findings That's clearly a bug in the API. Difficulty report 148K. Packed difficulty from Getwork report convert to 37.3K. The "target" from getwork is also correct. Just the "Difficulty" as floating point representation is wrong. TODO... Devs! |
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That's it! Let me check... Nah... It ain't me It's contributor mavric at coin-o-tron actually, too bad the pool is keeping the transaction fees. I'm going for block 28336! My freicoin client API is also reading 148K difficulty. Edit: That's clearly a bug in the API. Difficulty report 148K. Packed difficulty from Getwork report convert to 37.3K. The "target" from getwork is also correct. Just the "Difficulty" as floating point representation is wrong. TODO... Devs! |
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Are we there yet?
LOL! It's so painfully slow... I keep checking the FRC explorer every 10 minutes, asking the same question, as a kid on a long way trip |
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Just a quick question, 28336 have 7500FRC bounty payout, but what is there about 28335? There is also a mention of 200FRC transaction fee donated to block 28336 (or is it 28335?) Eric |
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Just 1 more to go... |
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I started solo mining, let's hope I find 28336. There's a bounty too as mentioned in a prior post |
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No fear Bick, 32 and 33 just came in at just a little over an hour apart. Now just 3 blocks to go.
Actually, there's just 2 more to go. Block 36 will be under the new scheme, with lowered difficulty needed to find it Run FRC, run! |
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Ok, thanks, that's how I understood it I updated my Freicoin client too. It updated the chain and it's staying "out of sync" but from what I read, it may just be because the last block date from too long...  |
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Humm, maybe I'll switch to it... Adding 3.54GH/s
But the thing is that as long as profitability doesn't get above BTC, people will not jump in. 4x the rate of finding blocks still make it for a slow blockchain. I'm not sure I understand this new algo completely, but from what I understand, retarget every 9 blocks, using a filter over the last 144 blocks. So, if hashing stay low, with the difficulty change limit of +/- 1.055x every 9 blocks, we may still halve difficulty every 117 blocks (and double profitability), right?
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