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

[erk]

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.

CHNcoin has a 60sec block discovery target. Thats too short, bound to cause problems. This looks a lot like a pump and dump with little regard for the practicallity.

[hughperman]

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.

CHNcoin has a 60sec block discovery target. Thats too short, bound to cause problems. This looks a lot like a pump and dump with little regard for the practicallity.

Everything looks like a pump and dump when you don't have any. When you do, it looks like a great deal

[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.

CHNcoin has a 60sec block discovery target. Thats too short, bound to cause problems. This looks a lot like a pump and dump with little regard for the practicallity.

Of course it's a pump & dump.

[Buffer Overflow]

Everything looks like a pump and dump when you don't have any. When you do, it looks like a great deal

This is the best post I've read all week. So true. 

[phrozenspite]

Well FC profitability is below that of mining ltc directly, now its time to see if the coin can stand on its own

[aikklond]

hey look at that Difficulty=82

Network Hashrate: 5587.19 MH/s WOOOOOW!

Yesterday it was 2500!!!

[imafish2002]

It was 2500 about 3 hours ago :|

[sumantso]

hey look at that Difficulty=82

Network Hashrate: 5587.19 MH/s WOOOOOW!

Yesterday it was 2500!!!

Thats not a good news, surely? It means the difficulty will keep climbing at the same rate?

[erk]

hey look at that Difficulty=82

Network Hashrate: 5587.19 MH/s WOOOOOW!

Yesterday it was 2500!!!

Well the coins/day just halved for me when the difficulty went to 82. I can't see why people are putting more hashing power into it now, the missed the easy train, that's almost half the LTC hash rate which was 12,000 MH/s the other day.

 

[killa12222]

Bloody hell! Well, bad news for us with "average" hardware 

[hdclover]

FC is dead soon

[Kryptox]

hey look at that Difficulty=82

Network Hashrate: 5587.19 MH/s WOOOOOW!

Yesterday it was 2500!!!

That hashrate is incorrect and there was no jump.  The network hashrate is calculated based on the average time blocks are found for a particular difficulty.  Network was lucky and just found more blocks than it "should've" right after the difficulty change.  It will taper out.

[erk]

FC is dead soon

All scrypt coins will die, a flawed design from day one. This is all about a fast adopter coin mine and dump, you will see many of these.

Mincoin, CNCoin, Feathercoin, etc. will all die, LTC will hang on for a while as it was the first scrypt coin, then it too will die unless low power ways to mine it evolve to sustain the network.

Notice none of these new coins start off with a reasonable difficulty from day one? They always benefit the early adopters in the first 24hours or so, that's the game plan. There is noting preventing them having moderate difficulty from day one, instead of ultra low.

[UKMark]

hey look at that Difficulty=82

Network Hashrate: 5587.19 MH/s WOOOOOW!

Yesterday it was 2500!!!

That hashrate is incorrect and there was no jump.  The network hashrate is calculated based on the average time blocks are found for a particular difficulty.  Network was lucky and just found more blocks than it "should've" right after the difficulty change.  It will taper out.

Thanks for clearing this up. I must admit I was a little confused myself as I couldn't find any Pool that had a really significant increase in hashing power.