FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC)

[jjiimm_64]

How many more to go? 300?

ballpark 325

we solved 23 in 24 hours

[Bicknellski]

[xorxor]

how is the not dying going on?

anyone knows:

- how many blocks to retarget?
- time to retarget aproximation ?
- next difficulty aproximation ?

[K1773R]

the graph clearly shows its dieing/dead.

[Bicknellski]

how is the not dying going on?

anyone knows:

- how many blocks to retarget?
- time to retarget aproximation ?
- next difficulty aproximation ?

Read the thread... info is posted just above.

[Bicknellski]

is there a new projection when the diff will drop?

It could take anywhere between two weeks to four months. Yesterday there were only three blocks found, which means it would take almost 130 days until the difficult drops.

[markm]

Oh wow, Freicoin didn't learn anything from Namecoin's famous experience that led all (except Freicoin it seems, any others?) altcoins to adapt their difficulty adjustment systems? Sheesh.

-MarkM-

[nethead]

is there a new projection when the diff will drop?

It could take anywhere between two weeks to four months. Yesterday there were only three blocks found, which means it would take almost 130 days until the difficult drops.

four months... well.. that means that its officially dead.

Coz in the mean time more and more miners will lose their interest (and their patience)
Plus, it was a fail coin from the beginning of its time (the reasons are all in this thread)

[markm]

Maybe the fix is how namecoin did it: merged mining?

As it is people have to divert hashes away from the entire family of merged mining coins to mine this thing; add the merged mining patches to it and all those folk can just add it to their mix.

-MarkM-

[xorxor]

i"ve seen the data, just thought maybe someone calculated some estimates, not just wild gueses.

i think it's killed by it's own outdated difficulty retergeting system.

future is dead or zombie [megred] 

[markm]

What you are calling "zombie" might well just be "sleeper"... Basically allow some years for the initial distribution of coins to take place before worrying about them having value. Coins that aquire value too fast tend to not get distributed to a whole lot of people as it very fast becomes hard to get them. The coins that all the big miners think are dead are actually ones that normal folk can easily pick up instead of being crowded out by the already-rich but greedy big miners.

-MarkM-

[xxjs]

four months... well.. that means that its officially dead.

Coz in the mean time more and more miners will lose their interest (and their patience)
Plus, it was a fail coin from the beginning of its time (the reasons are all in this thread)

There are only two virtual currencies: Bitcoin and Failcoin.

[Bicknellski]

16128 - 15883   (2013-02-13 08:21:33) = 245 left...

5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.

Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.

6.536166213 Nett GH/s Difficulty:64        (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772    (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840

Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?

[bushstar]

16128 - 15883   (2013-02-13 08:21:33) = 245 left...

5 to 8 blocks a day...
so 30 to 40 days till next difficulty drop.
It would go back to 4096 or even less to 2048? Not clear on that and / or the mechanisms involved for the drop in difficulty.

Considering ASIC's are looming on the horizon there is potential for any alt-coin considering that the difficulty of Bitcoin itself will rise by a factor of 10 or more in the coming months some estimates have the difficulty for BTC to be as high as 70 million from 3 million currently by as early as June or July. What would you do with your out matched GPU if BTC also drops in value making BTC unprofitable? Don't think that FRC is a failure or dead considering the backing of the foundation will also provide FRC for grants soon. FRC has just as much potential regardless of the current drop in nethash vs difficulty.

6.536166213 Nett GH/s Difficulty:64        (Sun, 23 Dec 2012 17:19:22 GMT) @ Block 7920
6.536155284 Nett GH/s Difficulty:9772    (Fri, 08 Feb 2013 00:39:10 GMT) @ Block 15840

Maybe the sky is falling comments are a bit harsh considering were are still at 6.5 GH/s even with a difficulty of 9772? This adjustment seems reasonable and probably warranted and should allow the FRC to rebound at a more steady rate over the coming months rather than yoyo back and forth as it has. Maybe having less is not such a bad thing for the currency?

The difficulty can change at most by a factor of four. Which could make the next difficulty 2443. When it changes I will be mining FRC again.

[jjiimm_64]

The difficulty can change at most by a factor of four. Which could make the next difficulty 2443. When it changes I will be mining FRC again.

we could use some help getting it down...  maybe start mining it now?

[Bicknellski]

Wish I had a rig worthy of mining... I'd put some time on FRC. Then again with BTC at $27 can you really expect anyone to put anything into FRC at this time?

[Bicknellski]

Getting closer and closer to difficulty drop... can't be soon enough for me.

[jcpham]

hello. I want all the FRC. feed me.

[Jutarul]

Good news for the freicoin network. Current rate is about 15 blocks/day, which puts the ETA for difficulty drop to 2500 to about 12 days.

What's the status of the foundation? Are there any campaigns planned yet?

[Bicknellski]

I think there is a call for grant proposals right now... linked here http://www.freicoin.org/how-to-present-grant-proposals-t146.html and the foundation submitted it's paper work I do believe to get registered?


And that is a great news... if we can keep pace 12 days is worth the wait. 11,834,609.99488551 FRC mined... nice.