Despite the fluctuating difficulty, TRC has been topping the mining profitability charts often this week, enough to make me have another look at it. Found a nice little pool to use. http://terracoin.redpoint.ro only 1% donation which appealed to me over the 4% others are asking. |
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Ripples (XRP) - http://ripple.com , no mining - all coins available at start 80% foundation, and 20% develeopers. centralized, not opensource. not designed to be a currency, but an IOU exchange. Very innovative and usefull, but "not a coin" Taken straight from the description of the various coins in the stick of this forum. |
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but is there actually a credible media source that has confirmed receiving a unit?
Don't you think Wired magazine or the author of cgminer are credible? All the data from these two sources, point to pre-production prototypes...not production units, and were still painfully shy of the supposed amount shipped out at this point. If you have other evidence or thread links to the contrary this would be a great place to post them. This of course goes back to the credibility of the first post of this thread as well. If you have any evidence that they were not production units, I would like to see it. |
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but is there actually a credible media source that has confirmed receiving a unit?
Don't you think Wired magazine or the author of cgminer are credible? |
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Guys/gals, I think it's safe to say you can ignore the stats pages. There's a hard fork coming that will change the retarget time considerably.
Head to the official forums @ forums.feathercoin.com for more info.
The entire FTC p2pool network hasn't found a block in over 12hours, suire there is only 24.5MH/s atm but you would think they would have found a block in that time! |
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Well, at least the target has been finally stopped at 21 days.
Now it only needs a little push the other way.
Current Block 32693
Current Difficulty 188.192
Expected Time per Block 0 day(s), 0 hour(s), 20 min, 16 sec
Estimated Network Hashrate 664,480 KHash/s (over last 437 blocks)
Time to Retarget 22 day(s), 5 hour(s), 31 min, 47 sec
Next Difficulty 24.753813495871
Total Coins Mined 6538600 You were saying? |
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The voltage on mine certainly isn't locked it's about 3 weeks old. The only app that will change the voltage is Gigabyte OC GURU II that comes with it. cgminer wont change or display the changed voltage, but the power meter confirms it works.
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It is my understanding that the current generation of ASICs all get around 100MH/joule give or take a few million hashes. While that is upwards of 20x more efficient than GPU mining, how much more can be pushed out? Given we understand exactly the operation needed, does anybody know what the minimum amount of energy that could possibly be expended to perform SHA256?
Do you know what Moore's law is? |
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[
That being said, I am highly interested in the BFL line of products, and deeply concerned about the troubles of the company. I don't think BFL is a deliberate scam, but the business practices they have demonstrated are deeply troubling. I want to buy a couple of the high end machines, but can't currently justify the risk. I may pre order the little guy just to see what happens, but honestly it's ROI is unlikely to be very good even at that price by the time BFL ships. IF BFL ships.
Those of you who seem to have some inside influence or acquaintance with BFL would be serving your contacts well to put 'em up against a wall and explain basic economics and basic ethical business to them. It's fairly simple. Don't bullshit your customers. If you got a problem, especially on something highly speculative like this, you don't be vague, you TELL those who are invested or thinking about it UP FRONT. Most of us understand. What we don't understand is being obfuscatory. It makes you look like you are being deliberately shady, even if you're just reacting. The truth may hurt, but the rumour mill created by being anything less than honest WILL hurt more.
I understand you skepticism, I too would not order a large BFL unit until an order for a small unit is fulfilled and the worthiness of the supplier is confirmed. The delay is extremely worrying, because the ROI is dropping at an exponential rate due to the BTC difficulty increases. If the myriad of small Avalon chip projects start shipping before BFL clears a substantial portion of it's pre-orders, I suspect they will get a lot of cancellations as people want to be mining now, not months down the track. The clock is ticking. |
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The TRC difficulty (and profitability) is again very different from the other sites (15,996 vs. 52,368). Why is that? EDIT: Lol, FloridaBear was the first to ask.  The TRC difficulty on CoinChoose has not changed in hours, seeing TRC calculates a new difficulty every hour, this is clearly broken. |
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Avalon is 110nm
BFL was always been working on 65nm
This is the second time they've produced the ASICs, they already rejected the first batch because the ran too hot and then had them repackaged.
The old ASIC had a plastic package, the new one has a copper package to improve thermal conductivity.
We're now waiting for the second edition of the motherboard, the original one didn't have strong enough power regulators, to handle the chips unexpected power requirements. The old motherboard are still going to be used to produce the first batch of Bitforce 5's though.
It is worrying how hard they are advertising for new customers, the doubling of prices, the high order number 60k, and how few Bitforce 5's shipped from 6 wafers.
It looks like a company that needs more cash.
I doubt if BFL need cash, unless they have been bleeding it dry, they will have received several $million in pre-paid orders over the last 10mths. |
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It's possible and not difficult to mine YAC with GPU, at least for the first 1-3 month.
be safe to trade.
People with only 12 posts trolling a new coin, are a scam. |
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The icons are pretty, but without text next to them they don't mean anything to me. That's the trouble with the existing site, pretty icons no substance not even a sentence describing what the site is for! Epic failure from a web development perspective, nice from a graphic art perspective. Remember, " function defines form", not the other way around. |
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The net stats Difficulty Next calulator is way out, it read over 100 too high on the site compared to the actual LTC difficulty that occurred a couple of min ago. This one was accurate: https://www.litecoinpool.org/stats |
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There is no way Ripple is better than Bitcoin, I doubt if it will even make a ripple in the crypto-coin market.
It's nothing but a scam from the developers to get noobs to buy into a coin that the devs have a massive stash of which took little effort to mine.
It's the massive mining effort from countless people, that gives Bitcoin it's value.
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Coinchoose only shows mining profitability, which tells you very little about how a coin is doing in the market place. Some of the most profitable coins to mine are a joke to try and trade.
That is what this new chart is meant to address - http://www.coinchoose.com/piechart.phpWhat other info would you be interested in? That image is still just mining revenue. Volume traded in BTC or USD is essential in letting investors know how their coin is doing. Last trade price is also a dud metric even for miners, you want a weighted average or candlesticks, you need to know the average trades that are going on, not the spot price. Mining has lead times. I blame the confusing information on CoinChoose for the recent pump and dump by miners of FTC which has caused the coin all sorts of problems. Miners are pool jumping driven by the rapid changes on the site, from a simple change in profitability score, based on some pretty gross assumptions. Just because the spot price on a coin is X, it doesn't mean the miner will be able to sell his coins at that price, the spot price is usually not the same as the weighted average price, and it takes time, hours possibly days, to produce the coins, so by the time he has a salable parcel of coins, the price could have move all over the place. What's worse is without considering the trade volume, the miner is left to think they will always have buyers for the coins, which is often not the case unless they heavily discount, thus proving the profitability rating on CoinChoose to be misleading. Need I mention that each coin has a different lead time until the next difficulty rate changes. That should be factored into the profitability metric. |
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bitbar has 520 confirms... actually makes network and coins more secure... everyone here thinking FAR to short term....
Not at all, if you are doubting that 120 confirms doesn't work then BTC would have failed by now. |
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No existing PPC p2pool nodes, though Novacoin a PPC fork has them.
And the worst thing ever is 4 days to get 520 confirmations on coinotron. WTF was wrong with 120 confirmations like everyone else?
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Coinchoose only shows mining profitability, which tells you very little about how a coin is doing in the market place. Some of the most profitable coins to mine are a joke to try and trade.
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From a noob's perspective it might look that way, but if you look at what actually happened. FTC had a great launch, nicely timed no head start, no pre-mine, lot's of people jumped on it and the hash rate went though the roof in no time. As the difficulty increases started to kick in to compensate, we suddenly had the unexpected release of CNC at a much lower difficulty putting it far higher than FTC on coinchoose.com, so miners simply jumped ship, that caused the difficulty on FTC to remain high, so more miners jumped ship.
Sorry mate. You lost out. Your FTC are sinking fast and soon to be worthless. Like one of the posters above wrote, FTC was a 100% perfectly executed pump-and-dump. Your pals who were singing the praises of FTC 2 weeks ago are now long gone and have left those naive enough to invest in FTC hanging high and dry. The community that was FTC is fast becoming a ghost town. It's over erk, it's over. I mined my FTC so they have been nicely profitable, and I will mine them again when the difficulty drops and they will still be nicely profitable, FTC is the 3rd most traded alt on BTC-e only beaten by CNC and LTC, way ahead of NVC, TRC,PPC, and NMC in volume of BTC traded for them(or dollar value if you want to work it out). If you call coming 3rd dead, then I can't help you. |
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