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

[sokol815]

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.)

Same thing people said about litecoin when it first came out... the bottom line is we don't know right now...

Flame wars and saying people have an average IQ of -1 really is unproductive. (btw, -1 is impossible, as IQ is an absolute scale relative to the AVERAGE human/adult/whatever)

I'm not saying everyone on the forum should be all lovey-dovey and tip-toe around on egg shells all the time, but if you want cryptocurrencies to grow I recommend not insulting people who are trying to get into cryptocurrencies, as this is really counter-productive to getting more adopters.

[aikklond]

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.)

Never been to College eh? 

[CoinHoarder]

I just wanted to point out your "logic" for FC being 1/4 the price of LTC is quite flawed. There are many more factors that determine value other than the rate a coin is minted.

And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.

You guys must have invented time machines or something to be so certain.

[zdarkazn]

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.

So much negative towards FeatherCoin..

[Peleus]

Look, we all don't know what is going to happen.

It's no secret however that miners are into whatever is profitable, they wish to make money.

At the moment, it's insanely profitable to mine FTC.

Once the difficulty adjusts, it will no longer be insanely profitable (or profitable at all?) to mine FTC.

At that point, the majority of miners who are in it for financial reasons will be faced with two options. Go back to mining a more established chain (i.e. LTC) with less uncertainty about future values and guaranteed profits -or- try and hang on to FTC, possibly at a loss, and hope that the price rises enough to justify it long term.

I'm betting the majority will fall under the first option.

[sokol815]

I just wanted to point out your "logic" for FC being 1/4 the price of LTC is quite flawed. There are many more factors that determine value other than the rate a coin is minted.

And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.

You guys must have invented time machines or something to be so certain.

Hehe... funny I was thinking about mentioning time machines in my last post.

[CoinHoarder]

So much negative towards FeatherCoin..

You guys started it by spamming your FC agenda in the ALT sub forum whilst trying to cram FC adoption down everyone's throats. Meanwhile, thwarting conversation about more promising projects and other coins due to the flood of constant FC threads... All because you want to be rich early adopters.

It is offensive to people like me that really want the best for the crypto coin ecosystem, and have it be improved upon and fully developed to the best of its capabilities. Copy cats do not help with this goal.

[skull88]

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!

I guess it's crystal meth, wouldn't touch it if I were you

So much negative towards FeatherCoin..

You guys started it by spamming your FC agenda in the ALT sub forum whilst trying to cram FC adoption down everyone's throats. Meanwhile, thwarting conversation about more promising projects and other coins due to the flood of constant FC threads... All because you want to be rich early adopters.

It is offensive to people like me that really want the best for the crypto coin ecosystem, and have it be improved upon and fully developed to the best of its capabilities. Copy cats do not help with this goal.

They even made a sticky on there forum to not stop spamming here

The rest of the forum is also very interesting, the "projects" for example:
How to promote pyramidcoin feathercoin: http://forum.feathercoin.com/index.php?topic=86.0

[UKMark]

FEAR the FEATHER.....

[erk]

So much negative towards FeatherCoin..

It's the same trolls, they are already on my ignore list from trolling other sections of this forum.

Feathercoin was designed to allow people with smaller rigs to mine something without feeling that they are being screwed by the professional giant mining rig setups. Ultimately that wont work, as the big rigs will just mine FTC until it's not worth it and move elsewhere.

What would be nice is for the FTC mining pools not to allow anyone to dominate more than say 10% of the pools total hash rate.  If people are prepared to make giant rigs to dominate, then they can also go to the effort of making their own private mining pool. Of course that would have little effect on the overall net hash rate, but it would give a moral boost to the smaller miners in the pool when they look at their stats.

[503guy]

If you want a good indicator of when all the miners will leave just wait and watch when dodg jumps off the pool, everyone will follow:

[erk]

If you want a good indicator of when all the miners will leave just wait and watch when dodg jumps off the pool, everyone will follow:

Why would you follow?

[johnmatrix]

seems strange the price is falling instead of rising.

[erk]

seems strange the price is falling instead of rising.

Well hopefully that means the big miners will pull out sooner, so FTC can address the audience it was intended for.

[aikklond]

seems strange the price is falling instead of rising.

AS production volume increases, because of all the hashing power, price falls, a bit.

When difficulty rises latter today production will go down, thus price will skyrocket.

[erk]

seems strange the price is falling instead of rising.

AS production volume increases, because of all the hashing power, price falls, a bit.

When difficulty rises latter today production will go down, thus price will skyrocket.

I hope so, atm for a lot of people it wont be covering the power costs:

http://benhohner.com/feathercoin/

Code:

Estimated Network Hashrate 	2,335,240 KHash/s (over last 1788 blocks)
Time to Retarget 	0 day(s), 4 hour(s), 45 min, 26 sec
Next Difficulty 	86.994477346339
Total Coins Mined 	5599200

[0150r]

People flocked to FTC because it was LTC with a reset difficulty. I moved my 1.8mhash/sec mining over to FTC because at the average FTC/LTC rate of exchange meant that I could turn my FTC into 3-4 times as many LTC had I been mining a LTC pool. When the difficulty goes up due to the massive influx of miners, the profitability goes down unless the price goes up to match difficulty. As soon as the profitability of FTC drops below that of LTC, you are going to see a lot of miners point their rigs back over to an LTC pool. All it will take is a one line change in the config of our miners to do it too.

There are too many new coins coming out. I'm not sure if this is happening so people can feel good about creating something "new" or if they are making it so they can get a ton of coins from being an early adopter. Probably both. FTC feels like a get rich quick scheme to me. Take LTC, change the name to FTC, play with the payout/number of coins, reset the difficulty, point your GPU farm at it, and hype it up....that's what FTC feels like to me. Keep hyping it and it's profitability to people until one of two things happen: You can cash in your thousands/millions of coins mined in the first few days for something with long term value (BTC or LTC), or keep your coins and hope that you can hype it enough so that the coin lasts and makes you a lot of money down the road. Either way, it's a pump and dump...the only difference is that you are playing for short term or long term goals with your stock pile of easily obtained coins.

A new coin should be one of two things: Revolutionary or Innovative. If you can't change the game, you should take the existing game and improve upon it. FTC does neither of these.

[Buffer Overflow]

seems strange the price is falling instead of rising.

Not really. Feathercoin is old news now. CHNcoin is the new flavor of the week.
The smart money have already dumped their feathercoins and moved on.

[live627]

Yes. Get in on the train early at cheap!

[Passion_ltc]

seems strange the price is falling instead of rising.

Not really. Feathercoin is old news now. CHNcoin is the new flavor of the week.
The smart money have already dumped their feathercoins and moved on.

Feathercoin is dead.