Bitcoin Forum
June 14, 2024, 03:57:02 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
Author Topic: [Critical Update] Feathercoin 0.6.4 - Hard Fork at block 33,000  (Read 13818 times)
bushstar (OP)
Hero Member
*****
Offline Offline

Activity: 617
Merit: 531


View Profile
May 23, 2013, 09:01:35 PM
 #141


I was actually afraid FTC profitability would spike on coin choose, thus bringing in the flash miners. Not something I wanted to deal with straight away. I am actually very pleased with where things are at. Smiley

The flash miners are exactly what FTC needs to get the block time back in order.

FTC is useless atm. it takes 4 hours for 6 confirmations of a transaction, and over 40 hours to confirm a mined coin before you can trade it. FTC is supposed to transact at the same speed as LTC.


If the block 33000 difficulty change formula can't handle the flash crowd, then it's time to go back to the drawing board.

You're talking purely from a technical stand point. The difficulty can play a different role on the market. This kind of difficulty change has done well for Litecoin and Bitcoin and I imagine it will do well for us to. We never expected to get back to a 2.5 minute block target straight away. Anyway we are 92% profitable for miners. A few more percent up and flash miners will return, if it goes down we can mine Feathercoin and keep them for ourselves Smiley

erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
May 23, 2013, 09:09:55 PM
 #142

[

You're talking purely from a technical stand point. The difficulty can play a different role on the market. This kind of difficulty change has done well for Litecoin and Bitcoin and I imagine it will do well for us to. We never expected to get back to a 2.5 minute block target straight away. Anyway we are 92% profitable for miners. A few more percent up and flash miners will return, if it goes down we can mine Feathercoin and keep them for ourselves Smiley
92% is good for mining, my issue was with the long transaction confirmations. The time is coming down, the site now says 15min per block instead of 20min it did an hour ago.

JesstersDead
Full Member
***
Offline Offline

Activity: 154
Merit: 100


I forgot where I put my wallet.dat


View Profile WWW
May 23, 2013, 09:32:56 PM
 #143

Aye, I was referring more to the market history flsh miners have left in their wake the past few weeks, rather than the actual technical repercussions. A point to which you are correct erk. Having more than just a "profit" based interest in the coin tends to make one look at more than just what happened out the gate. With block times dropping I think the fork is off to a good start. Again, my opinion was just that. And based more on my view of the "flash miner" mentality than anything else Smiley

Cryptsy.com - USD markets coming soon. Go validate your account now!
erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
May 23, 2013, 09:45:44 PM
 #144

Aye, I was referring more to the market history flsh miners have left in their wake the past few weeks, rather than the actual technical repercussions. A point to which you are correct erk. Having more than just a "profit" based interest in the coin tends to make one look at more than just what happened out the gate. With block times dropping I think the fork is off to a good start. Again, my opinion was just that. And based more on my view of the "flash miner" mentality than anything else Smiley

I am still mining FTC, I had a bit of a lull and mined WDC and DGC, but my interest came back when firstly those two alts got listed at way below what I calculated their value should be on the exchange, and secondly Coinotron started a PPS pool for FTC as I was having problems with the poor block discovery on the existing FTC pools, including p2pool. PPS gets around that, although you pay 5% for the luxury, it suits me. One of the things going for it is FTC is listed on BTC-e which is important for alt-coins, the other exchanges are full of miners dumping for next to nothing, and more importantly really low volumes.

YipYip
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
May 24, 2013, 04:26:25 AM
 #145

About ready to send the extra 5 BTC to Bushstar. 10 BTC for block 33k, that's not a bad deal by any means. 

Really awsome putting your btc on the line dude ..2 points *

* I understand u have a lot of FTC so is 50% awsome ..lol


OBJECT NOT FOUND
sal002
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile WWW
May 24, 2013, 01:53:51 PM
 #146

True, the Coinchoose tables are wrong anyway, as they work off the latest spot price not the weighted average, so they are easy to manipulate with small timed sales.


There are some filters in place to prevent tiny trades from skewing the tables, but also those tiny, out-of-market, trades hopefully get gobbled up quickly.  I have debated weighted average vs. spot and noticed a few times that sites that do weighted average (Dustcoin is a good one), have an issue in large price movements.  I may implement a second page that provides a weighted average based on all open orders (as compared to recent), to provide a second perspective, but BTER would not be an exchange on this list (as you can't get an order list from there).
smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
May 25, 2013, 10:09:34 AM
 #147

When this same thing happened to Namecoin (in October 2011) what soon followed after was a deep decline in price.

Ultimatley capping the difficulty adjustment to 41% per round is inflating the FTC in circulation.
With it's original diff adjustment it would be capped at 400% so that allows for much more FTC to be created with less hash power ultimately depressing the FTC price when using the new 41% cap..

Let's watch. Time will tell.

Well that did not take long. Price went from 0.0015btc to 0.00075btc since I posted this. 50% devaluation in 3-4 days..oh my..

 Cheesy

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
bushstar (OP)
Hero Member
*****
Offline Offline

Activity: 617
Merit: 531


View Profile
May 25, 2013, 11:12:55 AM
 #148

When this same thing happened to Namecoin (in October 2011) what soon followed after was a deep decline in price.

Ultimatley capping the difficulty adjustment to 41% per round is inflating the FTC in circulation.
With it's original diff adjustment it would be capped at 400% so that allows for much more FTC to be created with less hash power ultimately depressing the FTC price when using the new 41% cap..

Let's watch. Time will tell.

Well that did not take long. Price went from 0.0015btc to 0.00075btc since I posted this. 50% devaluation in 3-4 days..oh my..

 Cheesy

This coin is still trying to find its value. Personally I think it is underpriced at the moment and am buying all the coins I can which is still not enough Smiley

What we have is volume which is key. We have a heavily traded coin with value that can then be used by merchants. We have faced many challenges along the way and we are working through them with the community. There are many people working on new features that could be introduced into the client. We are working to make this a product fit for the general product.

erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
May 25, 2013, 11:18:52 AM
 #149

True, the Coinchoose tables are wrong anyway, as they work off the latest spot price not the weighted average, so they are easy to manipulate with small timed sales.


There are some filters in place to prevent tiny trades from skewing the tables, but also those tiny, out-of-market, trades hopefully get gobbled up quickly.  I have debated weighted average vs. spot and noticed a few times that sites that do weighted average (Dustcoin is a good one), have an issue in large price movements.  I may implement a second page that provides a weighted average based on all open orders (as compared to recent), to provide a second perspective, but BTER would not be an exchange on this list (as you can't get an order list from there).

The thing is that large price movements don't matter to miners, they are mining not trading, it takes hours if not days for miners to adjust to things and make decisions, more than enough time for a sensible waited average to adjust.


smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
May 26, 2013, 02:36:37 AM
 #150

All this fork does is inflate the supply of FTC in circulation.

Seriously a difficulty adjustment cap down 10 times?

Lol

Price of FTC will crash...just watch lol

Take your profits folks.  Cheesy

*Squeezes Cheeks*  My grandmother would love you when you make cute little statements.

If you notice I was right. But never did I say FTC would die.

Merely was speaking from an economic/price standpoint.

FTC will likely have its price creep downwards given the new max diff adjustment addition, despite making retargets 4 times more often with 10 times less ability to have difficulty increase.

The net inflationary implications are 2.5 times lower. We just watched it go from 0.0015btc to 0.006...now at 0.00078btc.

50% fall. We could definitely go lower...like I said...time will tell.

 Grin

Edit: And I wasn't trying to be cute.  Tongue

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
plutuswd
Newbie
*
Offline Offline

Activity: 30
Merit: 0


View Profile WWW
May 29, 2013, 04:25:06 PM
 #151

Does anyone else have the feathercoin android wallet? I do. It did not get upgraded before the fork and now I have lost access to the coins in that wallet.
erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
June 03, 2013, 09:38:58 PM
 #152

Code:
Well the next diff correction happened earlier today:

[codeurrent Block 33337
Current Difficulty 94.08608362
Expected Time per Block 0 day(s), 0 hour(s), 40 min, 16 sec
Time to Retarget 12 day(s), 1 hour(s), 16 min, 15 sec
Current Network Hashrate 172,317 KHash/s (60 block avg.)
Next Difficulty 66.525513670707
Next Difficulty Retarget Block 33768
Total Coins Mined 6667400

40min block rate and rising. Took all night to transfer some FTC into BTC-e with their 10 confirmation requirement.


Has Feathercoin died on this forum, gone to it's own corner?


sadface
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
June 03, 2013, 09:58:01 PM
 #153

not a smart move to just ditch this forum imo
Fernandez
Legendary
*
Offline Offline

Activity: 1008
Merit: 1000



View Profile
June 03, 2013, 09:59:56 PM
 #154

Code:
Well the next diff correction happened earlier today:

[codeurrent Block 33337
Current Difficulty 94.08608362
Expected Time per Block 0 day(s), 0 hour(s), 40 min, 16 sec
Time to Retarget 12 day(s), 1 hour(s), 16 min, 15 sec
Current Network Hashrate 172,317 KHash/s (60 block avg.)
Next Difficulty 66.525513670707
Next Difficulty Retarget Block 33768
Total Coins Mined 6667400

40min block rate and rising. Took all night to transfer some FTC into BTC-e with their 10 confirmation requirement.


Has Feathercoin died on this forum, gone to it's own corner?




So you just deleted and reposted the same to bump it up? Good job.






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
June 03, 2013, 10:33:41 PM
Last edit: June 03, 2013, 11:25:49 PM by erk
 #155

Code:
Well the next diff correction happened earlier today:

[codeurrent Block 33337
Current Difficulty 94.08608362
Expected Time per Block 0 day(s), 0 hour(s), 40 min, 16 sec
Time to Retarget 12 day(s), 1 hour(s), 16 min, 15 sec
Current Network Hashrate 172,317 KHash/s (60 block avg.)
Next Difficulty 66.525513670707
Next Difficulty Retarget Block 33768
Total Coins Mined 6667400

40min block rate and rising. Took all night to transfer some FTC into BTC-e with their 10 confirmation requirement.


Has Feathercoin died on this forum, gone to it's own corner?



So you just deleted and reposted the same to bump it up? Good job.

I replaced it with the current figures thank you very much, shows how well you read the posts.
Aldanga
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
June 03, 2013, 11:05:45 PM
 #156

Has Feathercoin died on this forum, gone to it's own corner?
The altcoin section has turned into a cesspool of spam and "My coin is better than your coin!" dribble. So, yes, a lot of people within the FTC community have decided to spend their time elsewhere.
erk
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
August 25, 2013, 01:54:16 AM
 #157


Well it's been over 3mths since this thread started and the FTC diff recalculation is still totally out of touch with reality.

504 block corrections with 41% adjustment is not working, almost every time I look FTC is way off the 2.5min block target. There have been at least 2 FTC releases since this thread and it's still not fixed.

FTC would probably be worth twice what it is if it worked properly.



Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!