Hi there
Can anyone recommend any books, articles about trading in cryptomarkets..
There is no law so adaptations should be made... i guess...
Bigups
Buy low. Sell high. |
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Overall looking at this thread it doesn't look like Feathercoin is all that popular.
But I think it has one hope.
Once the difficulty starts getting too high at camp Litecoin, I think you'll get a surge of miners pointing their gear at Feathercoin.
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I'm looking forward, not backwards. Too much drama has ensued on this forum. And yes I have added to it in the past (now i'm "growing up" as SaltySpitoon says).
Now you've started your coin business (good luck by the way), I think we'll lose the old smoothie. |
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I'll offer 3 BTC if delivery is included.
And here comes the morons. Of curse he will sell it to you for BTC3 what a useful post. You must be really smart. A little more realistic than 18 BTC wouldn't you say? |
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Let's not forget that GPU mining didn't exist at the time for scrypt,
Well..... who knows...... |
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In the coming weeks, you'll see announcements of strategic partnerships with other top tier coins.
Top tier coins... Well we only have four; Bitcoin, Litecoin, Namecoin and ppcoin. |
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Go look at the BTC blockchain. Its been so close to being forked and 51%'ed recently, its insane.
When did this catastrophic near miss attack happen then? and by whom? First I've heard of it. |
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The BTC 10min block time is terrible.
Why is having a low block orphan rate terrible? |
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well...
consider this:
mining litecoin IS VERY EASY...
anyone who can build a rig can start mining RIGHT AWAY...
VERSUS
MINING WITH BITCOIN...
Well yeah it is true you can mine bitcoin with rigs... but with how much? you cannot compete with ASICS vs simple rigs...
plus you have to wait a decade to get your ASICs
Till the diff shoots up. Then what? |
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They are hurting the community. So apparently a DDOS cause by old Satoshi written code, that could be used to do a DDOS attack. So yeah when do they do testing? I am guessing never, it sounds like this should have been tested and fixed a longgggggggg time ago.
Guess what, 0.8.3 was just released and it fixed that very issue. You got the devs moving and they fixed what you just described as an issue. Still mad? 0.8.3 released. We can now officially close this thread. |
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The biggest and really significant weakness of BTC is SHA-256, that is ASICs (which are a very genuine threat feasible for any dedicated attacker, getting a design and building a semiconductor fabrication plant can be had for a few $M). All renowned cryptographers agree that scrypt is far superior. Also the hashing algorithm can never be changed for BTC because that would require resolving the entire historical blockchain to achieve the same level of security LTC brings from the start. SHA-256 coins are rightly dead, and BTC is the only one still living off its initial and very major publicity until it will be replaced by a superior competitor (quite likely LTC or possibly PXC) just like Netscape Navigator, Yahoo Search, Friendster, Myspace, or any other generally innovative tech with execution flaws was. Doesn't take a genius to see that.
Also an imo ideal compromise between block time and network scalability (those altcoins with 60 seconds blocktimes and less couldn't ever scale to even what the BTC network is now).
I wonder if you would be saying the same thing if you had 50000 BTC tucked away. But MOST of us don't have 50000 BTC tucked away. See here is where most of the large holders screw up in there thinking. When asic came out they were priced very high in BTC, and most people didn't have that many, so only a select few got them. Up went the diff on BTC to the point GPU miners could not make a profit. Now since GPU miners make up about 80%+ of the miners what did you think they were gonna do, sit by while the old guard has steak to eat, while they get bread crumbs. They are moving to the scrypt coin and nothing can be done about it. BTC are only worth something because people say they are. Well the 80%+ is getting ready to say BTC is NOT worth anything anymore. Hence LTC is rising. The old guard has not relized the the BTC train is entering the last station. You must either change trains or stay at the station. So, the GPU miners are starting to vote with thier feet. Now that it is too late, the old guard, ie large BTC holders, seeing what is happening are starting to panic. They will try anything to keep their riches. But when they are the only one left in BTC with their shiny asic what will they do? I keep hearing how in the crypto coin world the great thing is how it takes 51% to change things. Well the 80% is starting to speak, and the old guard just hates it. Ya reap what ya sow. They had it good, but got TOO greedy, and the rest are tiring of it. If they had let it spread out more this would not have happened imo. So what ya gonna do old guard? Don't think there is much ya can. Have fun with your hoard of coins soon not to be worth much  Trouble is where do all the GPUs go when the LTC diff goes sky high and then unprofitable? |
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Never knew about that Windows calculator bug. What a steaming pile.
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Development team. Keep up the good work.
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The biggest and really significant weakness of BTC is SHA-256, that is ASICs (which are a very genuine threat feasible for any dedicated attacker, getting a design and building a semiconductor fabrication plant can be had for a few $M). All renowned cryptographers agree that scrypt is far superior. Also the hashing algorithm can never be changed for BTC because that would require resolving the entire historical blockchain to achieve the same level of security LTC brings from the start. SHA-256 coins are rightly dead, and BTC is the only one still living off its initial and very major publicity until it will be replaced by a superior competitor (quite likely LTC or possibly PXC) just like Netscape Navigator, Yahoo Search, Friendster, Myspace, or any other generally innovative tech with execution flaws was. Doesn't take a genius to see that.
Also an imo ideal compromise between block time and network scalability (those altcoins with 60 seconds blocktimes and less couldn't ever scale to even what the BTC network is now).
I wonder if you would be saying the same thing if you had 50000 BTC tucked away. |
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do i have to say this in every fucking thread? without litecoin and other altcoins, bitcoin mining would cease to be profitable. alt coins are necessary evils because they spread the hashing power out accross multiple networks, allowing everyone to profit in some way shape or form. without litecoin and altcoins. you could multiply the difficlut by 5 and decrease your profit by 50 percent. those are just guestimates of course.
If you think Bitcoin is just about mining and profit, then afraid you've completely missed the point. |
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Why wait an hour then? You are accepting less security just starting accepting Bitcoin with 2 confirmations. Tada 66% faster.
I've recently (in the past few days) seen BTC often have over 40 minutes between blocks. LTC rarely approaches 10 minutes. If that's not an advantage, I don't know what is. So using your numbers 2 blocks of Bitcoin = ~80 minutes max (95% of time) and 8 blocks of LTC is ~80 minutes (95% of time). Why are you assumming security in Bitcoin for X blocks = X blocks for Litecoin given the second network is much smaller, and more vulnerable to low cost botnet attack. You should be waiting significantly more blocks and if you aren't you are simply holding them to unequal standards "look I don't know why people buy expensive safes, that expensive safe only has 1 lock but my cardboard box has TWO locks and it is faster to unlock". There is no free lunch. BTC & LTC blocks are relatively small now however in time they will be much larger and when they are the propogation delay will be larger a higher % of hashpower/security will be lost due to orphans. The orphan rate for LTC will grow significantly higher, significantly faster given the same transaction volume. What I'm considering is it's usability as a currency. Obviously if you're making a large transaction, you want to wait a significant amount of time/confirmations. However, if, say, you want to go buy coffee with bitcoins and your local coffee shop, if I were the merchant I would need to wait at least till that transaction had been included in a block. Since the amount used will be pretty small, (like 1-5$) numerous confirmations would generally not be necessary. But if the blocks are at times 40+ minutes apart, who's going to wait that long just to get their coffee? Not me! This argument doesn't hold water. Merchants like this would have to accept unconfirmed transactions with both Bitcoin and Litecoin, as they are both too slow for this sort of transaction. |
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I believe Satoshi set the block target time to 10 minutes for a very good reason.
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1 BTC. Still massively overpriced.
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All,
I have an older'ish server that I have laying around that has an AMD cpu, 2 gigs of ram and 1 AGP slot, it's just sitting there in the corner looking sad and unplugged.
Are there any AGP cards that will get me 200+ MH/s?
My suggestion: Linux and the world is your oyster - what do you want to do today? Oh GPU mining? No.. Yeah, I've tried linux, it's like a really shitty version of windows ! ...and begin the bashing... Linux assumes you know what your doing, even if you don't. It doesn't hold your hand and guide you like Windows. It's not for everyone. |
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