Considering the current speed of coin's interest and value, it has big community support and will make it to the market very soon (days).
Funny thing is that you are so convinced that the price will rise when the coin finally hits an exchange. What happend to YAC when it hit bter? What happend to BTB when it (after alot promotion) entered bter? Both prices tanked bigtime....end of story. You forgot FTC, CNC, and just about every other alt coin that hit the exchanges. Ultimately a fast block rate coin will replace BTC but this one isn't it without changes. So it boils down to do the devs want to do the work to make WDC the next standard, or are they just looking for a place to dump what they have mined? |
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My opinion is that it should be pushed up on market pretty quick, because it's a fast transaction coin, and if it stays too much on let's say average, it will go "idle" and suffer of a big depreciation.  Also, there may be other altcoins that could overtake it on the market, and then we'll have only ~average altcoins and no successful coins. It has to move quick, as it's transactions do, but not too quick as it may create huge spikes and eventually downfall. I disagree, WDC has some of the most unique features to date, however it needs work if it is going to survive. The rapid block chain growth is unsupportable, it need to have a thin client like Multibit ported across and ditch the standard client. This needs to be done really soon. |
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Seeing there is no proper exchange for WDC you calculations mean little, as you only have a highly variant small sample price to work from.
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We have started a Feathercoin pool !
Payouts will be enabled soon, after extensive tests.
Important:
1. Pool works only in stratum mode.
2. You can use any LTC miner supporting stratum.
3. On our website choose worker type FTC. Point worker to coinotron.com, port 3337.
4. Depending on worker type you can have PPS or RBPPS rewards.
5. Fees: RBPPS = 2%, PPS = 5%
cgminer example:
cgminer -o stratum+tcp://coinotron.com:3337 -u workername -p password --scrypt
I'm very dissapointed to see you decided to support altcoin that brings nothing new to cryptocoin scene and is nothing but pump and dump scheme. I am very disappointed you have no taste. The 41% difficulty feature you probably haven't examined. Coinotron is a mining pool, an expensive one at that, they can choose whatever the want to support, it's not going to change the world. |
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177 block * 0,5h ? so 3 days and 16h left until price will go 2x up ?  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. |
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I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two.
Use your website calculator and you'll find the video card has about the same ROI time as two of these devices. Once you get to ROI, you will be making more bitcoin due to lower energy costs. With a video card you have to put up with heat, noise, bigger electricity bill, and one useless computer. Anyways, if you are mining with a video card you should not be mining bitcoin. Yes that's true, you normally mine what's the most profitable on the day, mainly scrypt coins, then convert to BTC. |
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I must admit it's pretty quick, 43 confirmations already!
You are going to have to implement some block chain pruning pretty soon.
Perhaps have a look at a thin client like porting Multibit to WDC.
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WUXYxDZ6sa5hG4Gx425WNtfLk7TXGHzZBT
tyvm
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Ripple is not a coin, it's a kind of an IOU debt system, it has tokens, but that's the only similarity.
Who wants debt.
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Hmm. Something is wrong with this picture.
For $400 you can get a 7970 that can easily get 600mh/s with a lot of power drain.
For $400 you can get two of these that gets the same with a fraction of the power drain.
How is a GPU ROI faster?
M
I get over 600MH/s off a 7950 that costs $300 and the USB device does only 300MH/s and costs 1.99 BTC= $235 or $470 for two. You can do even better than that if you use cheaper video cards like a 5830 for $65 that does 300MH/s see https://en.bitcoin.it/wiki/Mining_hardware_comparison for some examples. The USB ASICs get more cost effective if you have several, however if you are going to go down that path you are probably better off waiting for a Klondike board or one of the other numerous Avalon chip projects on this forum. |
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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? Build it yourself from source. |
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These things are not very profitable compared to a normal video card. The ROI on a video card is normally 2 months. Plug in 300Mhz into this calc and see for yourself, don't forget to put in the power consumption of the host system and your electricity price. http://www.bitcoinx.com/profit/The ROI I got was over 7mths. |
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I have been running it on linux since it came out as the backend of a p2pool server without a hitch. |
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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 Block Timestamp Delta(secs) Time per block(mins)
32300 1367814493
32350 1367827487 12994 4.33
32400 1367844513 17026 5.67
32450 1367882120 37607 12.53
32500 1367942063 59943 19.98
32550 1368031928 89865 29.95
32600 1368139213 107285 35.76
32650 1368240752 101539 33.84
32700 1368345509 104757 34.91
32750 1368482631 137122 45.70
32800 1368654713 172082 57.36
There is a pretty obvious deceleration going on. |
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Most miners seem to have stuck with LTC @ 20 gh/s. Only a small fringe are actually mining the niche coins. At worst they are having a mildly dilutive effect on LTC not really hurting anything
True, BTC and LTC are the only coins I know of that can be easily traded for USD, the other coins are a lottery because places like Coinchoose only use spot prices in their BTC exchange formula and there is absolutely no certainty of getting that price because the trade volumes of the alts are small and volatile. |
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What would be hardware good enough to accommodate 100 - 1000 miners?
The answer is, more than I've allocated so far, because the web page for mine is starting to lag with ~50 workers! Will scale it up shortly and let you know  If your miners get disconnected, it shouldn't be for more than 30 seconds. What is the weakest link or bottleneck when running P2Pool? I guess RAM but I would not bet on that, LOL, I actualy don't even know how pool works behind the scene but I'll need to learn or find someone trustable to do it for me. I would like to do it with classic pool and PPS payout system though so that miners can use YAC as soon as they submitted share. The p2pool web extended interface doesn't scale well with lots of miners, it crashed my Firefox after a while. I replaced the web-static folder with the standard p2pool boring one. Both are crap, but the standard one doesn't crash the browser with pushes. p2pool needs a new web interface that can organize the stats for a lot of miners, the current liner graph page is a joke when there are more than 10 or so miners on the node. |
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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. |
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New fork should be called: FeatherCoin - Zombie edition
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. |
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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.
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