serge79 (OP)
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April 30, 2013, 09:36:23 PM |
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erk
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April 30, 2013, 09:40:37 PM |
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Not stable, been 2.66GHs 8hours ago, back down to 2.44GHs atm.
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serge79 (OP)
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April 30, 2013, 09:46:11 PM |
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Not stable, been 2.66GHs 8hours ago, back down to 2.44GHs atm. Very curious to see prices adjusting after a 100%+ difficulty jump
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aikklond
Legendary
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Activity: 1148
Merit: 1000
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April 30, 2013, 09:50:27 PM |
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Not stable, been 2.66GHs 8hours ago, back down to 2.44GHs atm. Very curious to see prices adjusting after a 100%+ difficulty jump +50% up at least.
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CoinHoarder
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Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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April 30, 2013, 09:51:07 PM |
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0150r
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Activity: 58
Merit: 0
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April 30, 2013, 09:52:35 PM |
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If it jumps that high and the price doesn't go with it, I think a lot of people will jump ship and go back to LTC. I have been mining FTC with the sole purpose to convert to LTC at a 25FTC/1LTC rate because it's been more profitable that mining LTC. Without the increase in price, FTC would become less profitable.
Who knows though? FTC's price might triple and stay ahead of LTC. If that's the case, I'm going to regret selling all the FTC I had mined already.
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erk
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April 30, 2013, 10:08:29 PM |
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If it jumps that high and the price doesn't go with it, I think a lot of people will jump ship and go back to LTC. I have been mining FTC with the sole purpose to convert to LTC at a 25FTC/1LTC rate because it's been more profitable that mining LTC. Without the increase in price, FTC would become less profitable.
Who knows though? FTC's price might triple and stay ahead of LTC. If that's the case, I'm going to regret selling all the FTC I had mined already.
The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
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thep33t
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April 30, 2013, 10:09:33 PM |
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If it jumps that high and the price doesn't go with it, I think a lot of people will jump ship and go back to LTC. I have been mining FTC with the sole purpose to convert to LTC at a 25FTC/1LTC rate because it's been more profitable that mining LTC. Without the increase in price, FTC would become less profitable.
Who knows though? FTC's price might triple and stay ahead of LTC. If that's the case, I'm going to regret selling all the FTC I had mined already.
The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC. Not that I wouldn't enjoy that, but what makes you come to that conclusion, other than, "I said so" or "I heard it from others"?
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Feathercoin Pool - http://feathercoin.is-a-geek.com - [PPLNS][0% Fees] FTC: 6sf5CgurY5axcd2cwDHmiwdVMdAF9fw6pU BTC: 1J74TaaKuNMoy25TP5vXKG2Jw8yg1sqyyQ BTE: 8QZ2XiantPF8eWmzayo5WaXyYC8unBq5ZC LTC: LatpwWc4GQyF2teKegZHiDGEGdNEKqEPTT
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CoinHoarder
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Activity: 1484
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In Cryptocoins I Trust
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April 30, 2013, 10:09:55 PM |
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The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Give me some of what you're smoking, share the wealth!
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erk
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April 30, 2013, 10:11:39 PM |
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The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Not that I wouldn't enjoy that, but what makes you come to that conclusion, other than, "I said so" or "I heard it from others"? It's pretty obvious, it takes the same energy to mine an FTC block as an LTC block assuming they are on the same difficulty, but the FTC block gives you 4 times as many coins.
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thep33t
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April 30, 2013, 10:15:38 PM |
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The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Not that I wouldn't enjoy that, but what makes you come to that conclusion, other than, "I said so" or "I heard it from others"? It's pretty obvious, it takes the same energy to mine an FTC block as an LTC block assuming they are on the same difficulty, but the FTC block gives you 4 times as many coins. So my thep33t coin, which happens to give 1337 per block, and same block rate as FTC should be worth, roughly, 1.337 LTC?
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Feathercoin Pool - http://feathercoin.is-a-geek.com - [PPLNS][0% Fees] FTC: 6sf5CgurY5axcd2cwDHmiwdVMdAF9fw6pU BTC: 1J74TaaKuNMoy25TP5vXKG2Jw8yg1sqyyQ BTE: 8QZ2XiantPF8eWmzayo5WaXyYC8unBq5ZC LTC: LatpwWc4GQyF2teKegZHiDGEGdNEKqEPTT
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sokol815
Member
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Activity: 76
Merit: 10
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April 30, 2013, 10:22:31 PM |
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Here is the math he is doing: say we have 2 units of processing power on LTC. LTC pays out at 50 coins per block. LTC is worth about $4.00
say we have 2 units of processing power on FTC. FTC pays out at 200 coins per block. LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
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BTC: 1DGoGCg93igczMttDQn5SAE9x6zn4KZ8bv LTC: LiP6Pskxa5tdDAhdwYeqszRFBMQev2ndBr FTC: 6efcHwHYG3rk8SP37odyCrKqdxWom8rsen
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thep33t
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April 30, 2013, 10:23:37 PM |
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Here is the math he is doing: say we have 2 units of processing power on LTC. LTC pays out at 50 coins per block. LTC is worth about $4.00
say we have 2 units of processing power on FTC. FTC pays out at 200 coins per block. LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
I know the math, and mine in my above example (roughly) is correct, using that math.
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Feathercoin Pool - http://feathercoin.is-a-geek.com - [PPLNS][0% Fees] FTC: 6sf5CgurY5axcd2cwDHmiwdVMdAF9fw6pU BTC: 1J74TaaKuNMoy25TP5vXKG2Jw8yg1sqyyQ BTE: 8QZ2XiantPF8eWmzayo5WaXyYC8unBq5ZC LTC: LatpwWc4GQyF2teKegZHiDGEGdNEKqEPTT
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sokol815
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April 30, 2013, 10:25:18 PM |
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nope, because your block rate gives out 1337 coins compared to ltc's 50 coins, each "thep33t" coin would be worth 50/1337 or .037 LTC (assuming same hashing power and same block rate as LTC)
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BTC: 1DGoGCg93igczMttDQn5SAE9x6zn4KZ8bv LTC: LiP6Pskxa5tdDAhdwYeqszRFBMQev2ndBr FTC: 6efcHwHYG3rk8SP37odyCrKqdxWom8rsen
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CoinHoarder
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Activity: 1484
Merit: 1026
In Cryptocoins I Trust
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April 30, 2013, 10:25:53 PM |
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Here is the math he is doing: say we have 2 units of processing power on LTC. LTC pays out at 50 coins per block. LTC is worth about $4.00
say we have 2 units of processing power on FTC. FTC pays out at 200 coins per block. LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC.
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sokol815
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April 30, 2013, 10:29:09 PM |
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seeing as this is all theoretical... assuming that each coin had the exact same amount of processing power, utilities, markets, etc... the above would be true.
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BTC: 1DGoGCg93igczMttDQn5SAE9x6zn4KZ8bv LTC: LiP6Pskxa5tdDAhdwYeqszRFBMQev2ndBr FTC: 6efcHwHYG3rk8SP37odyCrKqdxWom8rsen
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aikklond
Legendary
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Activity: 1148
Merit: 1000
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April 30, 2013, 10:32:10 PM |
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Here is the math he is doing: say we have 2 units of processing power on LTC. LTC pays out at 50 coins per block. LTC is worth about $4.00
say we have 2 units of processing power on FTC. FTC pays out at 200 coins per block. LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC. This is exactly why FTC will rise and rise and rise. Implemented in major markets? = Price Goes up Get to be used as currency without conversion?= Price Goes up Difficulty Rise fast? = Price Goes up Eventualy Traded for USD?=Price Goes up easy no?
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erk
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April 30, 2013, 10:34:32 PM |
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The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Not that I wouldn't enjoy that, but what makes you come to that conclusion, other than, "I said so" or "I heard it from others"? It's pretty obvious, it takes the same energy to mine an FTC block as an LTC block assuming they are on the same difficulty, but the FTC block gives you 4 times as many coins. So my thep33t coin, which happens to give 1337 per block, and same block rate as FTC should be worth, roughly, 1.337 LTC? No, it should be worth 50/1337
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CoinHoarder
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Activity: 1484
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In Cryptocoins I Trust
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April 30, 2013, 10:39:18 PM |
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wow.. it seems the average IQ of a Feathercoiner is -1 This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
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erk
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April 30, 2013, 10:42:27 PM |
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Here is the math he is doing: say we have 2 units of processing power on LTC. LTC pays out at 50 coins per block. LTC is worth about $4.00
say we have 2 units of processing power on FTC. FTC pays out at 200 coins per block. LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC. This is exactly why FTC will rise and rise and rise. Implemented in major markets? = Price Goes up ATM you can trade FTC for CNY which is probably a better currency for stability. Get to be used as currency without conversion?= Price Goes up Difficulty Rise fast? = Price Goes up Eventualy Traded for USD?=Price Goes up easy no?
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