Feathercoin [FTC]

[Rawted]

OK, Newb question...

On the feathercoin.is-a.geek.com site, there's a section that says  Estimated Per Payout

What does that mean? Is that the total FC I've collected so far? Or is it a multiplier for the shares that I have gathered??

Same thing as a round estimate.

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[paul21]

Are your reward calculations correct? I'm showing just over 1000/fc a day with 1 mh/s?

Most likely not, but let's figure this out.

1 MH/s is 1/250~ of the network.

50 blocks/hour approx are found currently

so roughly 1200 a day for 240000 coins

240000/250 = 960 coins/day

Understood, why am i then over an hour into mining there and my reward showing only 0.5 FC? is it because of the 100k pplns? because, at this rate, im looking at 12 fc/day, which is nowhere near correct.

It's partly from that, and partly from the fact that it takes over an hour to get any blocks to confirm. Your steady state earnings should be  Rounds/Hour * Round Estimate

So 1 MH/s should be something like 1.2-1.5 estimate, and currently 30 blocks/hour puts it at 30-45 FC/hour

You can also go to the transaction log and click unconfirmed to see some estimates for unpaid blocks. It's a lengthy query though, so expect to wait for it to load.

[Rawted]

Are your reward calculations correct? I'm showing just over 1000/fc a day with 1 mh/s?

Most likely not, but let's figure this out.

1 MH/s is 1/250~ of the network.

50 blocks/hour approx are found currently

so roughly 1200 a day for 240000 coins

240000/250 = 960 coins/day

Understood, why am i then over an hour into mining there and my reward showing only 0.5 FC? is it because of the 100k pplns? because, at this rate, im looking at 12 fc/day, which is nowhere near correct.

It's partly from that, and partly from the fact that it takes over an hour to get any blocks to confirm. Your steady state earnings should be  Rounds/Hour * Round Estimate

So 1 MH/s should be something like 1.2-1.5 estimate, and currently 30 blocks/hour puts it at 30-45 FC/hour

You can also go to the transaction log and click unconfirmed to see some estimates for unpaid blocks. It's a lengthy query though, so expect to wait for it to load.

Awesome, thanks for taking the time to respond. New coin + uncertainty = needing to ask the little questions. Appreciate the response.

[SnitraM]

Exactly. What I tried, that I started feathercoin-qt like this:

./feathercoin-qt -listen -rpcuser=faszom -rpcpassword=faszom -rpcallowip=127.0.0.1

I'm really not sure if I really need all these parameters, I just kept trying and added more parameters as I was trying without success.

Then I started CPUminer like this:

minerd --userpass faszom:faszom --url http://127.0.0.1:9336

Then I get this output from minerd:

Code:

[2013-04-18 20:59:22] 2 miner threads started, using 'scrypt' algorithm.
[2013-04-18 20:59:22] Binding thread 1 to cpu 1
[2013-04-18 20:59:22] Binding thread 0 to cpu 0
[2013-04-18 20:59:52] HTTP request failed: Operation timed out after 30001 milliseconds with 0 bytes received
[2013-04-18 20:59:52] json_rpc_call failed, retry after 30 seconds
[2013-04-18 21:00:52] HTTP request failed: Operation timed out after 30001 milliseconds with 0 bytes received
[2013-04-18 21:00:52] json_rpc_call failed, retry after 30 seconds

Simultenously, this appears in the debug.log of feathercoin-qt:

Code:

accepted connection 127.0.0.1:56132


PROCESSMESSAGE MESSAGESTART NOT FOUND

This is an indication that you're trying to talk to the coin daemon on the wrong port.

Your "minerd --userpass faszom:faszom --url http://127.0.0.1:9336"
says you want to talk on the port 9336.

However you don't start the daemon with --rpcport=9336.
"./feathercoin-qt -listen -rpcuser=faszom -rpcpassword=faszom -rpcallowip=127.0.0.1"
according to you.

Try adding "--rpcport=9336" to that.


I'd run ./feathercoind and not ./feathercoin-qt, but I guess that the options are the same.

[xk5]

I am now starting to get payments on http://feathercoin.is-a-geek.com/, stats aren't working right but payments look quite accurate, thanks!  It takes a bit to start getting paid because of the 120 block confirmation but I've now got a steady flow of FC rolling into my wallet 

[MashRinx]

EVERY Don_Fee is greater than the last. 

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

[Rawted]

EVERY Don_Fee is greater than the last. 

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Could it be that the donation is % based, and the pool pplns? Hence, the longer you mine, the closer you get to your maximum payout, and thus your donation amounts increase along with this.

[exahash]

server @ fc.dontmine.me

pointless to use.. arghh i give up..

It's working for me: http://fc.dontmine.me/statsAuth

Though my reported hash rate is bouncing around a lot... ranging by as much as 50% at times.  I'm guessing thats due to FC blocks coming so fast and furious.  Once the difficulty goes up blocks will come more slowly and things will stabilize.

[aysyr]

EVERY Don_Fee is greater than the last. 

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Look under transactions and on the upper right of the list you'll see unconfirmed. Click on that and scroll of to the bottom and you'll see the total you have unconfirmed. I actually just found that out myself lol, that's what I was looking.

[MashRinx]

EVERY Don_Fee is greater than the last.  

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Could it be that the donation is % based, and the pool pplns? Hence, the longer you mine, the closer you get to your maximum payout, and thus your donation amounts increase along with this.

I don't care.  Why would you ask a question where a statement of fact would be more appropriate?  My donation % on FC Simple Pool is 0%, but yet an increasing amount is being "donated" with no statement anywhere as to where this is coming from, why or at what rate.  Maybe it is Bullshit pool, not Bullshit coin, but I've wasted all the time I intend to on this.

[paul21]

EVERY Don_Fee is greater than the last.  

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Actually, it was 0.2 %, and "Don_Fee" is donation + fee

You got paid:
141.91556044

In fees you paid:
0.18962156

Troll?

[blastbob]

solo mining is always an option

[MashRinx]

EVERY Don_Fee is greater than the last.  

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Actually, it was 0.2 %, and "Don_Fee" is donation + fee

You got paid:
141.91556044

In fees you paid:
0.18962156

Troll?

Not usually.  Where is this fee stated?  If I missed it, I will gladly retract my negative statements.

[kendle]

Its on the top ...  WELCOME DUDE1234, ACTIVE ACCOUNT: 0.2% POOL FEE

[exahash]

Actually, it was 0.2 %, and "Don_Fee" is donation + fee

You got paid:
141.91556044

In fees you paid:
0.18962156

Troll?

Not usually.  Where is this fee stated?  If I missed it, I will gladly retract my negative statements.

Once you're logged in its in the light gray "welcome" bar:

WELCOME, EXAHASH ACTIVE ACCOUNT: 0.2% POOL FEE (YOU ARE DONATING 1% OF YOUR EARNINGS)

[paul21]

EVERY Don_Fee is greater than the last.  

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Actually, it was 0.2 %, and "Don_Fee" is donation + fee

You got paid:
141.91556044

In fees you paid:
0.18962156

Troll?

Not usually.  Where is this fee stated?  If I missed it, I will gladly retract my negative statements.

I've run it between 0 and 1%, usually 0.2% but it gets rounded a little bit so your net was 0.45%.

If you don't like it go somewhere else; it costs me time and money (and FC when I make a mistake) to run the pool for a coin that can't pay the bills. It's just for personal enjoyment, no need to get so tense about it.

[MashRinx]

Its on the top ...  WELCOME DUDE1234, ACTIVE ACCOUNT: 0.2% POOL FEE

Okay, fair enough.  I agree, and do retract my statements as I said I would.

That being said, it should be much more visible than as a message when someone logs into the pool.

[MashRinx]

EVERY Don_Fee is greater than the last.  

My first Don-Fee was 0.00022248 at 2013-04-20 04:43:48
Most Recent             0.00590691 at 2013-04-20 05:12:48, just 30 minutes later.

I call "bullshit coin"

Actually, it was 0.2 %, and "Don_Fee" is donation + fee

You got paid:
141.91556044

In fees you paid:
0.18962156

Troll?

Not usually.  Where is this fee stated?  If I missed it, I will gladly retract my negative statements.

I've run it between 0 and 1%, usually 0.2% but it gets rounded a little bit so your net was 0.45%.

If you don't like it go somewhere else; it costs me time and money (and FC when I make a mistake) to run the pool for a coin that can't pay the bills. It's just for personal enjoyment, no need to get so tense about it.

I'm good.  I apologize for coming across as an ass....really.  I missed it, and admit that I did.

[kendle]

Its on the top ...  WELCOME DUDE1234, ACTIVE ACCOUNT: 0.2% POOL FEE

Okay, fair enough.  I agree, and do retract my statements as I said I would.

That being said, it should be much more visible than as a message when someone logs into the pool.

Were you looking for a free pool?  Servers do cost money and I believe a 2% fee is very reasonable.

The only thing I can think of is placing the fee in the 'About' area also?

[MashRinx]

Its on the top ...  WELCOME DUDE1234, ACTIVE ACCOUNT: 0.2% POOL FEE

Okay, fair enough.  I agree, and do retract my statements as I said I would.

That being said, it should be much more visible than as a message when someone logs into the pool.

Were you looking for a free pool?  Servers do cost money and I believe a 2% fee is very reasonable.

The only thing I can think of is placing the fee in the 'About' area also?

Using the currently most popular Bitcoin pool as as example, going to www.btcguid.com includes text that is very clear on what to pool fees are:

BTC Guild offers two methods for miners to receive payments. Pay-per-Share (PPS) provides miners with the lowest variance of any pool payment system, at a 5% fee, and Pay-per-Last-N-Shares (PPLNS), at a 3% fee, which has some variance, but also includes block transaction fees.

Once I saw that there was a fee being subtracted from my mining, I really did try to go through the different pages of the pool to find an explanation and could not find one.  I certainly understand a pool does have costs associated to it.  With such a new coin, and the pool as well, I was too quick to come to a point of judgement (shame on me) but I do suggest that stating any and all fees early and often is always a good approach.  The fees you ARE charging do appear to be more than reasonable, given the circumstances.