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Author Topic: 20,000+ FRC so sell @ 3 BTC  (Read 25079 times)
ehoffman
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March 26, 2013, 11:28:54 AM
 #1

I have a little over 20,000 FRC to sell @ 3 BTC (that's 0.15BTC per 1000FRC).

PM me if interested Smiley

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FuzzyBear
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March 26, 2013, 01:25:59 PM
 #2

Just some calculations for peace of mind... and a free bump for ur post Smiley

currently mining on coinotron at roughly 550MH gives me 1000FRC a day
current mining on Bitcoin network at 550MH gives me 0.0413 BTC a day

using http://dustcoin.com/mining for some verification of the reward per MH

so mining wise currently, 20,000 FRC to mine would take 20 days (at the same difficulty) as opposed to mining 0.826 BTC in 20 days

So at current difficulty your 20K FRC seems rather overpriced, but the BTC difficulty has just risen sharply, and the FRC difficulty has dropped considerably hence y ur asking price seems so skewed to the mining rewards.  

Difficulty for FRC is more than likely far to low as it a newish coin, and yet to see massive adoption or speculation, yet the difficulty dropped to 2240 from 9400 recently... if one was to look at the mining capability of FRC at the higher difficulty, I would only be able to mine about 250FRC a day making it about 80 days to mine 20,000FRC .... 80 days mining BTC would give me 3.6BTC if difficulty stayed at same rate (which it obviously won't Tongue).

So in conclusion although this seems somewhat overpriced atm, the difficulty speculation on BTC and FRC would suggest that 3btc for 20,000 FRC is actually not that bad a deal if you want to invest in FRC.  (Just watch out for the demerging!! and the BTC difficulty rising to)

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Jorgeminator
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March 26, 2013, 07:30:20 PM
 #3

FRC has no uses whatsoever. One can't even gamble with it.
Do you still remember back in April 2009, when Bitcoin was so widely known? (sarcasm intended)
DarkHyudrA
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March 26, 2013, 08:16:07 PM
 #4

FRC has no uses whatsoever. One can't even gamble with it.

Think the hell that would be if SatoshiDice would raise in 2010. lol

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