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FATEr's. After reading through some of the pages. I feel FATE has a lot of potential. The Dev (fatecoin) seems honest. He put up bounties by purchasing his own creation since mining was and is very difficult. I am curious to see what his plans are for this coin.
FATE is pretty much a CPU coin. Mining it is easy (click of a button), but earning it is very difficult. After seeing how much support and IPO (173BTC) Heavycoin received due to it being advertised as a CPU coin but really has nothing else going for it. I feel we could easily get a fraction of the support due to our unique algorithm. The only thing holding us back is the lack of promotion and the Dev's lack of English. Yes, it is very hard to understand what he is saying sometimes. Someone should be appointed as the English promoter of FATE. Once we get listed, there's only one correct path which is UP! Also, the header of the thread here should be changed to something like:
★[ANN] [Fatecoin] [FATE] IS ON YOUR SIDE! No Premine - CPU Friendly★
Just a thought.
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@trademark: right! Once they confirm, they are yours. It's only that "unconfirmed" period which is uncertain  But your balance is yours - those are confirmed, owned coins. The algorithm seems to be standard Scrypt, but the dev seems to have written in some forking code which makes the blockchain split. I suspect it's a sort of "Proof of Connection" system, where the people with the most nodes (friends, as the dev puts it) have the best chance to be on the correct chain. How one influences this is beyond my knowledge. EDIT: I cannot escape the feeling with this coin that it's really going to be worth something. It's like the secret nobody knows about....if and when the dev unveils his secret plans, we'll find out. But the casino thing....can you imagine the Chinese crypto community hopping on this as the de-facto gambling currency? Those of us with coins would be worth a fortune. Of course, the chances of it happening are pretty small But them's the gambles! Fun coin though  Rit. Thanks. That's a relief! Yeah, I like this coin, hopefully I can pick up some before the word gets out. |
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Is the dev trying to get FATE in exchanges? I am really curious on how much it worth.
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Bear in mind that you could also be on the wrong chain, and there is no way to tell.
You could throw 50 Gigahash at this and mine a million in 2 hours....only to have them go poof when the chain resynchs.
It's luck
Rit.
That's if it's in the "unconfirmed" right? not in the "balance"? |
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difficulty info(GPU and CPU will be the same in fatecoin):
1.For GPU mining the difficulty is random,
0.00024414---0.24414
2.For CPU mining get the lowest difficulty :0.00024414,Difficulty is the same.
So it looks like difficulty will never be higher than 0.24414, isn't that way too low? and won't it keep prices down?
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OK, so what happens here is that the blockchain splits (forks) randomly. We do not know how many blockchains there are, or which is the right one. We can only mine. You find a block. It may, or may not be, on the correct chain. You will just have to wait for confirmations to find out. If it was the correct one, you own the coins. If it was the wrong one, you will see it in transactions as "unconfirmed" or "rejected". This means you took a wrong turn (which you cannot control). The easiest way to try to get back on the right chain is (as Serje said) to restart the wallet immediately. But you can also let it self correct, which it should do within a couple of hours. That is, the trails meet up eventually This coin is extremely unfriendly to pools because they could end up on a wrong blockchain for hours, leaving them with no coins to show for their miners. It's VERY friendly towards solo miners or people who are not running gigantic GPU farms, because the difficulty is low, and mining blocks is reasonably easy, and also if you are on the wrong chain and waste a couple of hours CPU mining it doesn't really matter much. The difficulty for CPU mining only is lowered to almost nothing permanently. GPU miners will have a random difficulty assigned to them, which can be from 1x (same) to 1000x the CPU difficulty. It's a really good, novel concept. I just wish the dev would pop in and say hello. I have alot of questions Rit. Thanks Rit. Once FATEs are in my balance, are they mine to keep forever? or could they magically disappear? Also, what algorithm is this coin? It seems very different and original. I take it, it's not a clone right? |
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Thanks. Wait, so my FATE's could be FAKE? lol, so who do these coins go to then? Seems like a game of luck. No wonder big rig miners don't want to play.
To no one! It's like walking on a road, and you have to find some bananas! At some point you have 2 options left or right! Let's assume you take right and this is not the good way! You will find a lot of fake bananas because you are on a wrong road! You go to left and you find one banana this means you are on the right one! Also if you found 2-5 blocks in a matter of minutes then you are on the wrong path! Cool analogy, but let's use gold instead of bananas. I can only eat 1 anyways but can handle as much gold as I find. Ok, if that's the case I'm finding fools gold and not 24k, how do I go upon walking on the right path? |
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Thanks. Wait, so my FATE's could be FAKE? lol, so who do these coins go to then? Seems like a game of luck. No wonder big rig miners don't want to play.
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That's a cool idea Always wanted to visit China! Yeah. Same here. I have some coins that are immature, how does it move over to unconfirmed and then confirmed? Thanks. |
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Yes, they are hard to mine. Do you guys know how many are currently on the market? Also, what plans and usage do the devs have for this coin?
If anyone has more than 30 or 40K of this coin, I will be amazed. It took me since launch to mine the ones I have, and I am nowhere near that number. The block reward at the moment is 6-100 random. So you can only guesstimate the number in circulation by taking the current block and then multiplying it by 52 (the average). I can't check from here what the current block is, but I am sure you can check it. Plans-wise is where it all falls down tbh :/ The user fate coin is delivering news from the dev, and I might be wrong, but using google translate to do it. The OP stated there'd be a casino, but we have not had any word on this yet.....of limited interest to me anyhow, tbh. There may be huge plans, or there may be none at all, we just don't know. The coin could be massive already in the Chinese crypto-community, but it's hard to find as an english speaker. If anyone's got more info on Fate, I'd love to learn about it Rit. Chinese love casinos but the problem I see is there are not enough total coins for gambling, but maybe if there were a casino that plays chinese games like pai gow or big2 (chinese poker) against real players that will bring interest. Since it seems like the dev is from China. He/She should hook up with a travel agency or something and maybe people will be able to go on tours to China with FATE. Slogan could be "It's your FATE to discover China" or something like that. That would be original and would skyrocket FATE! |
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And don't forget that we only have 66.666.666 coins
not like other altcoins that have 90.000.000.000 or 900.000.000
when you compare fate to other coins don't do it on the difficulty!
do it on the maximum coins number and how hard is it to get it!
Don't forget that this coin is not so tempting for big miners because they might end up on a wrong chain and would mine without a fast profit!
All the big miners like to mine coins that get them a lot of coins/block
Yes, 66,666,666 is low compared to other coins, but I am not sure why the dev didn't use 88,888,888 since 8 is a lucky number in China. Coin looks good, wallet is the best looking one I've seen so far. Just curious on what usage this coin brings. I hope its not a coin where I can only stare at the number in my wallet.  |
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Yes, they are hard to mine. Do you guys know how many are currently on the market? Also, what plans and usage do the devs have for this coin?
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Is fatecoin on any exchanges?
Not yet mate! If you want to buy pm me! we will use escrow! Not sure if I want to buy yet, since I'm mining. Just curious, what is the current rate for each FATE right now? |
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Is fatecoin on any exchanges?
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yes i hope china are in on this one, could be interesting specially being with the year of the horse in china for 2014
Yeah but what happens to this coin next year 2015 in the year of the Ram? |
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How do I know if I'm mining or not in my wallet? I checked the "Mine Heavycoin" box in options.
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How do I know if I'm mining or not in my wallet? I checked the "Mine Heavycoin" box in options.
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How long before the Official Darkcoin Pool gets moved to the new server? Are my coins safe?
Yes, your coins are safe. Is the official pool, the dev is the owner. Don't worry Thanks. |
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How long before the Official Darkcoin Pool gets moved to the new server? Are my coins safe?
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how can a coin with 2 failed launches have more than 200 pages? :-) marketing?  Because it is a good coin and the community appreciate its distinct features of the coin. It is not just for pump and dump coin. It actually has a business behind it. Future coins should have business + dev team not just dev, worse dev + scammer. It has 200+ pages because about 50 of them are broken pools spamming the thread about how awesome they are, 10 of them are people spamming/advertising other coins, and 130 of them are about how ceisure-inducing-mind-blowingly-fail the launch was. The remainder are on topic. Didn't you get your refund already? Why are you still here? Thanks for allowing me to up my IPO. |
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