[FTC] 12 hours to next difficulty jump (40 to 86!)

[serge79]

http://stats.feathercoin.com/ 2.3GH/s and stable 

[erk]

http://stats.feathercoin.com/ 2.3GH/s and stable 

Not stable, been 2.66GHs 8hours ago, back down to 2.44GHs atm.

[serge79]

http://stats.feathercoin.com/ 2.3GH/s and stable 

Not stable, been 2.66GHs 8hours ago, back down to 2.44GHs atm.

Very curious to see prices adjusting after a 100%+ difficulty jump 

[aikklond]

http://stats.feathercoin.com/ 2.3GH/s and stable 

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.

[CoinHoarder]

http://stats.feathercoin.com/ 2.3GH/s and stable  

How many FCs do you own? 200,000+ ??

And why must you spam us with FC threads?

https://bitcointalk.org/index.php?topic=191184.msg1981369#msg1981369
https://bitcointalk.org/index.php?topic=189414.msg1962907#msg1962907
https://bitcointalk.org/index.php?topic=189332.msg1961784#msg1961784
https://bitcointalk.org/index.php?topic=187015.msg1937200#msg1937200
https://bitcointalk.org/index.php?topic=186999.msg1937068#msg1937068
https://bitcointalk.org/index.php?topic=185996.msg1926438#msg1926438
https://bitcointalk.org/index.php?topic=185148.msg1923688#msg1923688
https://bitcointalk.org/index.php?topic=185178.msg1922223#msg1922223
https://bitcointalk.org/index.php?topic=184171.msg1916472#msg1916472

That's 10 FC threads created in 1 week including this one...  

Stop with the FC spam... no need to update us on the network speed at each difficulty change. Notice no one else does that with any other coin...

You are trying your best to pump up that FC value, but it is quite obvious what is going on to everyone else. You are not the only FCer doing this either, otherwise it might not be such an annoyance.

[0150r]

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.

[erk]

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.

[thep33t]

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"?

[CoinHoarder]

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!

[erk]

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.

[thep33t]

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?

[sokol815]

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)

[thep33t]

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.

[sokol815]

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)

[CoinHoarder]

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.

[sokol815]

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. 

[aikklond]

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?

[erk]

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

[CoinHoarder]

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.)

[erk]

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?