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serge79 (OP)
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April 29, 2013, 09:48:40 PM
Last edit: May 02, 2013, 09:52:05 PM by serge79 |
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Congratulations to all the miners! A great result indeed!
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Tittiez
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April 29, 2013, 09:50:31 PM |
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None of them actually want to support the network, they just want in on the 300%+ probability over bitcoin. Don't thank them.
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mr_random
Legendary
 Offline
Activity: 1344
Merit: 1001
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April 29, 2013, 09:58:51 PM |
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Congratulations to all the miners! A great result indeed!
Network is growing very strong indeed.  |
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sokol815
Member
Offline
Activity: 76
Merit: 10
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April 29, 2013, 10:06:44 PM |
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I'm pretty sure I will point my new graphics cards at the feathercoin network!
For the time being, cryptonit is trading FTC for LTC at .05... about 20 cents per feathercoin.
Litecoin difficulty: 437 (14,092.87Mh/s)
Feathercoin difficulty: 40 (2,168.54Mh/s)
It seems lots of miners have decided feathercoin is a decent option right now... you realize that feathercoin has basically pulled up to 15.4% of the litecoin network? Sure with only being worth $0.20 they are nowhere near as good of an investment compared to ltc right now, but I bet they are banking on ftc's future... as am I.
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BTC: 1DGoGCg93igczMttDQn5SAE9x6zn4KZ8bv
LTC: LiP6Pskxa5tdDAhdwYeqszRFBMQev2ndBr
FTC: 6efcHwHYG3rk8SP37odyCrKqdxWom8rsen
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spiderJ
Newbie
Offline
Activity: 42
Merit: 0
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April 29, 2013, 10:16:31 PM |
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Great news. I feel sorry for the people who have slept on FTC
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skyangel
Sr. Member
Offline
Activity: 301
Merit: 260
FLO dev
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April 29, 2013, 10:27:18 PM |
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How long till FTC hash rate equals LTC?
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cannonfodder
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April 29, 2013, 10:27:47 PM |
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How long till FTC hash rate equals LTC?
87 days. |
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sokol815
Member
Offline
Activity: 76
Merit: 10
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April 29, 2013, 10:36:53 PM |
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Someone proposed in the past that the value of a cryptocurrency tends to follow the amount of hardware devoted to processing said currency...
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BTC: 1DGoGCg93igczMttDQn5SAE9x6zn4KZ8bv
LTC: LiP6Pskxa5tdDAhdwYeqszRFBMQev2ndBr
FTC: 6efcHwHYG3rk8SP37odyCrKqdxWom8rsen
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erk
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April 30, 2013, 12:02:04 AM
Last edit: April 30, 2013, 12:22:00 AM by erk |
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Someone proposed in the past that the value of a cryptocurrency tends to follow the amount of hardware devoted to processing said currency...
The value of the hardware plus the energy to run it. If a coin doesn't at least break even, then people wont mine it unless they just want to burn up money. I think FTC is undervalued atm. the recent hash rate increase has caused the ROI to halve so unless the price of the coins goes up soon people will start mining something else. I think FTC should be worth about a quarter of LTC, it's currently well below that. Scrypt mining is a lot more expensive than SHA256 and that has to be taken into consideration in the coin price. |
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destruct
Sr. Member
Offline
Activity: 1232
Merit: 250
Alexander KOSTIN | GoldMint
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April 30, 2013, 12:31:17 AM |
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Someone proposed in the past that the value of a cryptocurrency tends to follow the amount of hardware devoted to processing said currency...
The value of the hardware plus the energy to run it. If a coin doesn't at least break even, then people wont mine it unless they just want to burn up money. I think FTC is undervalued atm. the recent hash rate increase has caused the ROI to halve so unless the price of the coins goes up soon people will start mining something else. I think FTC should be worth about a quarter of LTC, it's currently well below that. Scrypt mining is a lot more expensive than SHA256 and that has to be taken into consideration in the coin price. FTC is currently 250% more profitable then BTC .. so people will continue to mine it until gets to ~110% (basically next difficulty update) Everyone believes LTC should be 1/4 of bitcoin but it hasn't gotten there yet.. give it a year or 2 and should be more realistic pricing... but about another 10000 alt coins out as well which is making the market polluted |
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serge79 (OP)
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April 30, 2013, 01:50:31 AM |
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Someone proposed in the past that the value of a cryptocurrency tends to follow the amount of hardware devoted to processing said currency...
The value of the hardware plus the energy to run it. If a coin doesn't at least break even, then people wont mine it unless they just want to burn up money. I think FTC is undervalued atm. the recent hash rate increase has caused the ROI to halve so unless the price of the coins goes up soon people will start mining something else. I think FTC should be worth about a quarter of LTC, it's currently well below that. Scrypt mining is a lot more expensive than SHA256 and that has to be taken into consideration in the coin price. +1 ! |
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nodesupply
Newbie
Offline
Activity: 42
Merit: 0
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April 30, 2013, 01:58:38 AM |
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Wow, interesting coin to see get started.
Aside from cryptoinit.net, are there any other Exchanges trading FC?
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nesic1
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April 30, 2013, 02:06:13 AM |
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virexa but it is under construction
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igba
Member
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Activity: 111
Merit: 10
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April 30, 2013, 03:32:14 AM |
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damn, now we just wait for some exchanges to take it seriously
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Operatr
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April 30, 2013, 04:03:26 AM |
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I just saw this on the FC pool Im on...
dodg_not_botnet 219,917 kh 21,664.477 fc p d
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thep33t
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April 30, 2013, 04:04:39 AM |
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I just saw this on the FC pool Im on...
dodg_not_botnet 219,917 kh 21,664.477 fc p d
one of the biggish BTC miners jumped onto FTC. |
Feathercoin Pool - http://feathercoin.is-a-geek.com - [PPLNS][0% Fees] FTC: 6sf5CgurY5axcd2cwDHmiwdVMdAF9fw6pU BTC: 1J74TaaKuNMoy25TP5vXKG2Jw8yg1sqyyQ BTE: 8QZ2XiantPF8eWmzayo5WaXyYC8unBq5ZC LTC: LatpwWc4GQyF2teKegZHiDGEGdNEKqEPTT |
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nesic1
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April 30, 2013, 08:00:58 AM |
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new ftc exchange bter.com
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klenker
Member
Offline
Activity: 80
Merit: 10
Prospecting on the net, in a rundown old shack..
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May 02, 2013, 12:40:16 PM |
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I just saw this on the FC pool Im on...
dodg_not_botnet 219,917 kh 21,664.477 fc p d
one of the biggish BTC miners jumped onto FTC. Well, I wonder how many people lost their enthusiasm for a more equal footing when they see people with absurd hash rates from companies like that. I did, it became less something that was fun as everything gets sucked their way, and the little nubs like me with single gpus basically scrape in a few coins a day. Over all that was inevitable. But they sure do make it a streamlined process. 21,664 ftc per day, as opposed to <20 for me. Was fun at first tho. At least I did make 1000 .. just. |
BTC: 1LJk6Ck83fqwoCzFB7KqHVkurhsFfuk9zv
LTC: LP1LBMd4Cxth8uada3wF2kTZu8ub7LfyRH
FTC: 6gsQ1WqzpEi8ioQ3irkhjVj8z7Wznos12C
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baka
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May 02, 2013, 12:51:30 PM |
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I gave up too, once I saw the big dogs jump in or should I say big "dodg". Like I stated in recent thread, pool operators should have restrictions against those with high hash rates mining new cryptos like FTC and CNC, hell I've seen pools with lower hash rates than that. If the hash rate is high enough to mine solo I say they should be banned from pools and let's see them make their own pool and see who in their right mind joins it.
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Fernandez
Legendary
Offline
Activity: 1008
Merit: 1000
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May 02, 2013, 12:58:28 PM |
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I gave up too, once I saw the big dogs jump in or should I say big "dodg". Like I stated in recent thread, pool operators should have restrictions against those with high hash rates mining new cryptos like FTC and CNC, hell I've seen pools with lower hash rates than that. If the hash rate is high enough to mine solo I say they should be banned from pools and let's see them make their own pool and see who in their right mind joins it.
How will that work, though? Can't the big bad miner just set up a no of accounts? Thought I would sign out at 300 Coins, but seems very difficult now. |
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