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Author Topic: What's happening with feathercoins  (Read 1009 times)
Feathercoiner
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May 10, 2013, 04:21:32 AM
 #1

Looks like the miners are disappearing. What's up?
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AzureEngineer
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May 10, 2013, 04:24:11 AM
 #2

The pump & dump rush is over. FTC's current price can't support it's difficulty, so the miners moved to greener pastures.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
Feathercoiner
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May 10, 2013, 04:42:15 AM
 #3

will it eventually crash to zero or have some value?
AzureEngineer
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May 10, 2013, 04:59:02 AM
 #4

will it eventually crash to zero or have some value?

I can't say either way, I'm not an economist.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
RobertHood
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May 10, 2013, 06:17:10 AM
 #5

Yes it had a nice run but appears to be over at this point.
darkfur93
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May 10, 2013, 06:21:51 AM
 #6

I bought a few when they first hit BTC-E, then sold the next day at a small lost. It's never been back up. I think someone said the difficulty got f*ed up when people mined with ASIC then stopped.

BTC: 1GXFRtMFTyw1KVqkpH2DPiZMmxcyr8wSbX
lazydna
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May 10, 2013, 06:27:15 AM
 #7

People were exchanging FTC for ltc because there were some pretty stupid people buying FTC with ltc.  This drove down the price of FTC while the difficulty raised for FTC, leading to more people abandoning FTC for a newer coin with lower difficulty and higher profitability. Also, FTC is not innovative or different then ltc, aside from rewarding early adopters more then ltc.

CoinOn
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May 10, 2013, 06:31:23 AM
 #8

will it eventually crash to zero or have some value?

I think it's dead...

AltCommunity Coin [PoW][PoT][PoS 180%][Airdrops][Bounties]
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darkfur93
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May 10, 2013, 06:33:58 AM
 #9

will it eventually crash to zero or have some value?

I think it's dead...

Last time I was on the client, it took like 8 hours just to update a block. :l Transactions would take many hours.

BTC: 1GXFRtMFTyw1KVqkpH2DPiZMmxcyr8wSbX
loldongs
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May 10, 2013, 02:32:09 PM
 #10

So am I correct in assuming that without activity in terms of trading, and people fleeing the mining of FTC, the confirmations of mined blocks and confirmations of transactions is going to just take forever now? Because that'd explain why I'm not getting my coins.
Aditer
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May 10, 2013, 02:36:55 PM
 #11

Most of these people are not doing mining because they want the difficulty to be lower...

http://rationalwiki.org/wiki/Pump-and-dump

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May 10, 2013, 02:44:22 PM
 #12

pump and dump coin
loldongs
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May 10, 2013, 02:47:12 PM
 #13

Most of these people are not doing mining because they want the difficulty to be lower...

http://rationalwiki.org/wiki/Pump-and-dump

Honestly, that about sums up 90% of the stuff people are doing with coins.

If I have an active miner, and I just terminate the miner program (so I can go back to LTC) I wouldn't lose the work shares I've done on my pool, right? Only if I delete the miner from the pool itself via the website.

Anyone help me out on that?
gambit1
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May 10, 2013, 02:52:14 PM
 #14

The King is dead, long live the King. Coinking that is, a new cryptocurrency I've just made up.  Grin
loldongs
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May 10, 2013, 02:53:53 PM
 #15

The King is dead, long live the King. Coinking that is, a new cryptocurrency I've just made up.  Grin

I had written a comedy press release in another thread for MugabeCoins, the hyperinflationary crypto-coin, but it got deleted. Comedy is a dead art.
spawnbsd
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May 10, 2013, 03:17:08 PM
 #16

Like ChinaCoin and other new alt currencies, it seems like a pump and dump  =(.
gambit1
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May 10, 2013, 03:24:53 PM
 #17

I hear you brother  Grin
freethrow
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May 10, 2013, 06:41:33 PM
 #18

I'd post on this other thread to ask this, but can't as I'm limited to the newbie section:
https://bitcointalk.org/index.php?topic=186539.0

I had mined with that pool when mining FTC was worthwhile, and had 11 FTC "stuck" in there, as the pool only pays out above 20. So I set about mining again just to get up to 20. The pool found two blocks in fairly rapid succession, which would have taken me up to 31 FTC but both are now showing as invalid:
http://fc.ltcoin.net/blocks.php

Is there any way to see if this is real info, i.e. did the pool really find those blocks and they became invalid in some way, or is it just a scam to keep people mining for free in the hope of reaching 20 FTC to be able to cash out? If it's definitely a scam and I'm never going to get the FTC I have in there, obviously I'm better off doing something else with my GPU time and electricity.
Surprise
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May 10, 2013, 06:43:13 PM
 #19

Altcoins: not even once.

alexxy
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May 10, 2013, 06:49:22 PM
 #20

Its still failing =\
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