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Author Topic: Is FTC / FC dead?  (Read 1892 times)
naphto
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May 10, 2013, 10:29:12 AM
 #1

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?
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cryptohunter
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May 10, 2013, 10:31:40 AM
 #2

not dead but since its no longer profitable to mine right now willl sink in value until diff drops and then it will get mined again and value will rise, it's only a ltc clone so i suspect .001 is the value for now perhaps 0025 if in 6 months or longer.

this is just me guessing i don't think anyone really knows what will happen to any of these coins.

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redmist
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May 10, 2013, 10:35:20 AM
 #3

I agree with cryptohunter.
When the diff drops it will become profitable again and people will pump the price up more... And hopefully the price will stay up there Cheesy

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naphto
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May 10, 2013, 10:37:00 AM
 #4

But it was overpriced as start ... People who bought 100k+ should be mad Sad
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May 10, 2013, 10:42:34 AM
 #5

But it was overpriced as start ... People who bought 100k+ should be mad Sad

i think most ppl that put in 100k orders got it for the price it is now or less. Even if they paid more they can probably quite easily afford it. Also those that grabbed 100k probably dumped out even higher, there is a reason they can swoop in and grab 100k, they know markets and when to buy then dump. Im guessing they are holding only 30% of that now and already made a profit, all about timing i guess. Long term i think it will gradually rise, the developer has put quite a lot of work in and it has a growing community unlike some of the others.

I cant even get the feathercoin wallet to sync atm? anyone else having this issue??

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Buffer Overflow
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May 10, 2013, 10:43:33 AM
 #6

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?
Yes. But you knew that from the start, right?

MrWizard
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May 10, 2013, 10:55:44 AM
 #7

I agree with cryptohunter.
When the diff drops it will become profitable again and people will pump the price up more... And hopefully the price will stay up there Cheesy
Your logic is flawed.  When it becomes profitable to mine, people will jump on it to mine and then quickly sell.  There is absolutely no mechanism to drive the price higher based on lower difficulty.

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bushstar
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May 10, 2013, 10:59:13 AM
 #8

Feathercoin has an active team and community behind it. There is an update in the link below.

https://bitcointalk.org/index.php?topic=178286.msg2060107#msg2060107

There is a Feathercoin forum available from the link below.

http://forum.feathercoin.com/
cryptohunter
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May 10, 2013, 11:10:21 AM
 #9

Feathercoin has an active team and community behind it. There is an update in the link below.

https://bitcointalk.org/index.php?topic=178286.msg2060107#msg2060107

There is a Feathercoin forum available from the link below.

http://forum.feathercoin.com/

why will none of my feathercoin wallets sync for hours on end?

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cryptohunter
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May 10, 2013, 11:16:52 AM
 #10

I agree with cryptohunter.
When the diff drops it will become profitable again and people will pump the price up more... And hopefully the price will stay up there Cheesy
Your logic is flawed.  When it becomes profitable to mine, people will jump on it to mine and then quickly sell.  There is absolutely no mechanism to drive the price higher based on lower difficulty.


Yes, perhaps it will happen like that. However the HUGE unload from miners that mined on zero difficulty is underway now and i think that is driving the price into the ground. Perhaps when a more widespread distribution of coins then more ppl will take a genuine interest and not just want to dump them all. Also when the mining diff goes low and its profitable, the diff will then start to rise as more ppl jump in again?

I'm not really sure though since i only been looking into crypto for a few weeks and have not been here to witness enough of these cycles to see how it will pan out. I do like that the developer has put some work in and is around with a website and own forum which is growing. I guess it will be a gamble like anything else. The market is so tiny any big player can push it up and down at will atm. Needs months to mature and become a litlte more stable i guess.

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May 10, 2013, 11:20:26 AM
 #11

FTC Net Hash: 407.15 MH/s,      CNC  Net Hashrate:   511.75 MH/s

However FTC will go down in the history books as the worst difficulty re-target to date. A text book case on how not to do it.

Code:
Current Block 32603
Current Difficulty 188.192
Expected Time per Block 0 day(s), 0 hour(s), 18 min, 25 sec
Estimated Network Hashrate 731,415 KHash/s (over last 347 blocks)
Time to Retarget 21 day(s), 8 hour(s), 19 min, 54 sec
Next Difficulty 27.24731746752
Total Coins Mined 6520600

The devs better go back to the drawing board and fix it so it can't happen again, unless they want miners to ignore the coin.
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May 10, 2013, 11:21:27 AM
 #12

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?

Yes, these are just flash-ponzis. You know who the winner is: first in, first out. The rest are left holding the bag.


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May 10, 2013, 11:36:33 AM
 #13

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?

Is Terracoin and Devcoin dead?

http://dustcoin.com/mining

EDIT: bad example. devcoin seems to be dead.

OPs concern is valid.
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May 10, 2013, 11:42:17 AM
 #14

So basically after 1 week, someone creates a new coin and the old one is unused, making some money for the first miners?

Yes, these are just flash-ponzis. You know who the winner is: first in, first out. The rest are left holding the bag.


From a noob's perspective it might look that way, but if you look at what actually happened. FTC had a great launch, nicely timed no head start, no pre-mine,  lot's of people jumped on it and the hash rate went though the roof in no time. As the difficulty increases started to kick in to compensate, we suddenly had the unexpected release of CNC at a much lower difficulty putting it far higher than FTC on coinchoose.com, so miners simply jumped ship, that caused the difficulty on FTC to remain high, so more miners jumped ship.

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May 10, 2013, 11:48:36 AM
 #15

merge mined coins like DVC and IXC won't die so easily Smiley

There will fall some of new scrypt based coins soon as they were all launched at almost same time (about 5 new coins in 5 last days). The new coins are fighting each other for afterlife (after nowdays pump & dump).

SHA-256 coins: imho Bytecoin is dying the most right now - and it will die or almost die sooner or later as it is just cheap copy of bitcoin. Another coin to maybe fall is Terracoin as there was huge issues with difficulty lately and Terracoin brings too few new features. PPCoin will persist imho as it introduced new sustainable POS.
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May 10, 2013, 11:51:11 AM
 #16

From a noob's perspective it might look that way, but if you look at what actually happened. FTC had a great launch, nicely timed no head start, no pre-mine,  lot's of people jumped on it and the hash rate went though the roof in no time. As the difficulty increases started to kick in to compensate, we suddenly had the unexpected release of CNC at a much lower difficulty putting it far higher than FTC on coinchoose.com, so miners simply jumped ship, that caused the difficulty on FTC to remain high, so more miners jumped ship.

Sorry mate. You lost out. Your FTC are sinking fast and soon to be worthless. Like one of the posters above wrote, FTC was a 100% perfectly executed pump-and-dump. Your pals who were singing the praises of FTC 2 weeks ago are now long gone and have left those naive enough to invest in FTC hanging high and dry. The community that was FTC is fast becoming a ghost town. It's over erk, it's over.

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May 10, 2013, 11:52:39 AM
 #17

Seems like opinions are divided.
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May 10, 2013, 11:57:35 AM
 #18

Seems like opinions are divided.

If you look at the people who have these opposing opinions, you will find the people who didn't buy into FTC and the pump-and-dumpers on one side, and the people who are left holding the fast-crumbling FTC in their wallets on the other side.

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May 10, 2013, 12:00:22 PM
 #19

coins never die... the blockchain keeps on chugging away...

while some people have coins and others want to buy there will always be a market... and that what the price will be based on


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May 10, 2013, 12:01:09 PM
 #20

From a noob's perspective it might look that way, but if you look at what actually happened. FTC had a great launch, nicely timed no head start, no pre-mine,  lot's of people jumped on it and the hash rate went though the roof in no time. As the difficulty increases started to kick in to compensate, we suddenly had the unexpected release of CNC at a much lower difficulty putting it far higher than FTC on coinchoose.com, so miners simply jumped ship, that caused the difficulty on FTC to remain high, so more miners jumped ship.

Sorry mate. You lost out. Your FTC are sinking fast and soon to be worthless. Like one of the posters above wrote, FTC was a 100% perfectly executed pump-and-dump. Your pals who were singing the praises of FTC 2 weeks ago are now long gone and have left those naive enough to invest in FTC hanging high and dry. The community that was FTC is fast becoming a ghost town. It's over erk, it's over.

I mined my FTC so they have been nicely profitable, and I will mine them again when the difficulty drops and they will still be nicely profitable, FTC is the 3rd most traded alt on BTC-e only beaten by CNC and LTC, way ahead of NVC, TRC,PPC, and NMC in volume of BTC traded for them(or dollar value if you want to work it out). If you call coming 3rd dead, then I can't help you.

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