How often does difficulty readjust on these Feathercoins?
Every 2016 blocks. Next change on block 16128. I'll put this on the first post. |
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Not sure if anyone has bought/sold at this rate, but I've seen multiple people post that they will buy 10k mincoin for 1 BTC... In fact, I'll take that price. If you have Mincoins to sell, PM me how many you have and we can work out a sale.
10,000 Mincoins is exactly 1% of the total number of Mincoins that will ever exist  |
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Premine has nothing to do with the availability of mining pools.
It refers to the advantage of developers and their close circles over the public. Moreover new coin developers should also choose a reasonable starting difficulty and reasonable advance notice of release so people don't have to camp on the forum 24x7 in order to participate in a new coin launch. If you start difficulty too low people would consider it deliberate and 'effectively' a premine.
So perhaps we can declare the public premine over when the difficulty gets high enough. This is difficult to quantify what constitutes a high enough difficulty. It bugs me when people complain about PPC premine as there was no private premine, this is one of the reasons I started this thread. Starting with a low difficulty has probably benefited PPC. Those who got to PPC first with decent hash power were the exact sort of people who can build services for a coin. It was those that first got to the coin who helped it get to where it is today along with its excellent developer of course. |
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There are a lot of altcoins out there but only a few of them are Scrypt based.
As far as I know these are the only Scrypt based coins.
Litecoin
Feathercoin
Novacoin
Mincoin
There is BQC, also scrypt and still a little bit easier to solo mine, lower diff as FC but also lower Block reward. And diff rose dramatically the last days! Thanks. I didn't realise that BBQCoin was Scrypt. It was a shame to see a just-for-fun coin be given such a hard time at the start, and at a time when BitCoin was cheap and LiteCoin were only cents. |
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Not another alt-coin!
Whats next? ButtCoin?
There are a lot of altcoins out there but only a few of them are Scrypt based. As far as I know these are the only Scrypt based coins. Litecoin Feathercoin Novacoin Mincoin I've been waiting for another Scrypt based coin but none have come forward. I am a big altcoin fan and look forward to any additions to the altcoin family. I imagine a lot of people simply see altcoins as a threat to whatever altcoin they support. As no coin was forthcoming and the scrypt coins that came out did not appeal. Novacoin I decided not to per sue as there was a private premine and the whole 110k NVC donation to BTC-e put me off. Mincoin only has a a block reward of 2 and has a cap of 10 million coins. This would make it rarer than LTC which I do not think is sensible unless you want to try and become the new Litecoin. So yes, another altcoin. This one is the light version of Litecoin, making it as light as a feather |
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I think this word has been thrown around so much that it has lost some of its definition. I do have a solution to this.
Premining typically meant, mining that happens before a coin is publicly launched. As soon as it is made available to the public there ccould be no more premining.
Now people apply premining to the days or weeks after a coin is released. This seems problematic to me, when do we decide that the premine is over.
I have a solution to clear up the any ambiguity with two new terms.
Private premine - when a coin is mined before it is made publicly available.
Public premine - when a coin is launched with no advanced notice and low difficulty (Based on SunnyKings response below)
My old definition.
Public premine- when a coin is mined after public release but before a pool is available.
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The source code does not build: /bin/sh ../share/genbuild.sh obj/build.h
fatal: Not a git repository (or any of the parent directories): .git
g++ -c -O2 -pthread -Wall -Wextra -Wformat -Wformat-security -Wno-unused-parameter -g -DUSE_IPV6 -DBOOST_SPIRIT_THREADSAFE -I../../deps/include -I/usr/src/bitcoin/feathercoin-0.6.3/src -I/usr/src/bitcoin/feathercoin-0.6.3/src/obj -DHAVE_BUILD_INFO -fno-stack-protector -fstack-protector-all -Wstack-protector -Wl,-z,relro -Wl,-z,now -D_FORTIFY_SOURCE=2 -MMD -o obj/version.o version.cpp
g++ -c -O2 -pthread -Wall -Wextra -Wformat -Wformat-security -Wno-unused-parameter -g -DUSE_IPV6 -DBOOST_SPIRIT_THREADSAFE -I../../deps/include -I/usr/src/bitcoin/feathercoin-0.6.3/src -I/usr/src/bitcoin/feathercoin-0.6.3/src/obj -DHAVE_BUILD_INFO -fno-stack-protector -fstack-protector-all -Wstack-protector -Wl,-z,relro -Wl,-z,now -D_FORTIFY_SOURCE=2 -MMD -o obj/checkpoints.o checkpoints.cpp
In file included from bignum.h:14:0,
from main.h:9,
from checkpoints.cpp:13:
util.h:587:8: error: ‘pthread2_t’ does not name a type
make: *** [obj/checkpoints.o] Error 1
It seems to be trying to create a build.h file from a repository that does not exist. -MarkM- I have now changed the source code to fix this error and have uploaded the code. Hope you are having fun with the coin. To many miners now, we are too far behind to get a block or enough blocks to make it worthwhile, some people already have 10,000+ FC
The only solution for our low hashrates would be a pool.
You can still solo mine easily. There are four times as many FeatherCoins as LiteCoins so you'll still be able to get 10,000FC together. |
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Malware warning in Chrome when I tried to download the GUI file. Just saying.
The warning is that not many other have downloaded the file. I'm sure someone else can come on and independently confirm this to be malware free. |
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"You has been banned. 317 minutes left."
The garbage is overflowing from BTC-e chat to here.
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Cool. I'm number three in the rich list and I only mined for 24 hours.
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15 blocks down and 15 more to go. Good to see that this is still ticking along. I thought it might end up doing a Freicoin and get left by miners in a three month lurch. Rabbit makes a good point, with the rising BTC the fall against the dollar is not actually that great.
When TRC hits the bottom I might pick some up just for fun. With confirms hitting again I expect we might see a fair few people cashing out.
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Really looking forward to all my BFL ASICs
This is an excellent exercise in patience.
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I expect that site was going to say April Fools but if the creator has any sense they'll give it a proper site and wait to cash in. I'll be waiting with them |
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Maybe we can dedicate this thread to all the crazy things that come up on BTC-e chat.
Apparently "yeyexx: OBAMA CONFIRMED TO BE MINING LITECOINS AT THE WHITEHOUSE!!!!"
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It did not happen. Do not listen to the trolls on BTC-e.
I just checked the chat and apparently Putin is giving away Litecoin to everyone with rubles. I think it best to leave the mis-information on the troll box.
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This coin should go no where. If it does get value then great as I mined a lot just for fun, but fool on those who gave it value for my dump.
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Random troll information from BTC-e is making it over to here. There was no fork and Coblee is working on the 0.8.1 version of Litecoin.
All is well and Litecoin is heading to Gox so exciting times.
drawingthesun please leave the garbage on BTC-e or we'll end up with all that mis-information over here.
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I've been looking at the bids of 0.1BTC per 1,000BTE and have not even been tempted to part with my 25,000BTE.
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