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Author Topic: New to Mining - Is feathercoin worth mining?  (Read 2712 times)
ethought
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May 11, 2013, 05:09:14 AM
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Hi All - Newbie alert!

I have just ordered parts for my first GPU mining rig.

I have decided to either mine for litecoin or feathercoin as mining for bitcoin is just not worth it especially with all the ASICs coming out now.

Right now it seems immediate value for hashing power is much better when mining litecoin as opposed to feathercoin.

Is feathercoin worth mining from a long term perspective?
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AzureEngineer
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May 11, 2013, 05:11:58 AM
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www.coinchoose.com gives a basic profitability in comparison to Bitcoin mining. There are so many coins out there, it is hard to keep up.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
Bitcycle
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May 11, 2013, 05:23:26 AM
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Feathercoin seems to have had a quick influx of miners, and the value has tanked on btc-e.  Possible it will recover, but it's something of a gamble now.
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May 11, 2013, 05:31:42 AM
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Feathercoin seems to have had a quick influx of miners, and the value has tanked on btc-e.  Possible it will recover, but it's something of a gamble now.

way too many different coins now Sad
ethought
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May 11, 2013, 05:33:23 AM
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www.coinchoose.com gives a basic profitability in comparison to Bitcoin mining. There are so many coins out there, it is hard to keep up.

Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it?
AzureEngineer
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May 11, 2013, 05:39:12 AM
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Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it?

As far as I know, all Bitcoin ASICs are capable of mining any SHA256 coin. I've never had the good graces of owning an ASIC, so I can't verify it.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
ethought
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May 11, 2013, 06:01:09 AM
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Yes, I agree, its hard to know what to start mining with relatively limited mining power. Although terracoin looks to currently have the best profitability it is SHA-256 based, does this mean the current generation of ASIC will be able to mine for it?

As far as I know, all Bitcoin ASICs are capable of mining any SHA256 coin. I've never had the good graces of owning an ASIC, so I can't verify it.

So as I understand it, without the privilege of owning an ASIC miner (I have ordered as ASIC from BFL, but does not look like it will be arriving anytime soon), it would be better to stay away from SHA-256 based currencies at the moment?

AzureEngineer
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May 11, 2013, 06:09:22 AM
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So as I understand it, without the privilege of owning an ASIC miner (I have ordered as ASIC from BFL, but does not look like it will be arriving anytime soon), it would be better to stay away from SHA-256 based currencies at the moment?

If a SHA256 coin (such as Terracoin) is the most profitable to mine, then mine it. Don't worry, you'll get your BFL ASIC somewhere between now and the end of time.

My name was simply a play on "Blue Engineer" from Team Fortress. I am not affiliated with Microsoft or the Azure project.
xenonhost
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May 11, 2013, 06:16:27 AM
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Is there someone who can explain me how to choose the right currency for gpu mining? I'm looking at the http://www.coinchoose.com and I don't know which one is the best atm. Any step by step how to for mining in linux?
sadface
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May 11, 2013, 09:01:23 AM
 #10

i guess ftc will have its comeback at some point
statusd111
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May 11, 2013, 09:05:10 AM
 #11

naah feather coins (no future)
just mine LTC Wink

WDC : WUqcvBVdpj1NVJwhA8juqTgrajeJLyNJaZ | Freenode @ #worldcoin | http://worldcoinforum.org/
tobobit
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May 11, 2013, 09:11:40 AM
 #12

just mine ltc. I agree.
ilostcoins
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May 11, 2013, 09:39:30 AM
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Another option is to watch for new coins announcements in the forum, and mine them when difficulty is low. People who can catch these waves early seem to do quite well out of it.

LTC: LSyqwk4YbhBRtkrUy8NRdKXFoUcgVpu8Qb   NVC: 4HtynfYVyRYo6yM8BTAqyNYwqiucfoPqFW   TAG id: 4313
CMC: CAHrzqveVm9UxGm7PZtT4uj6su4suxKzZv   YAC: Y9m5S7M24sdkjdwxnA9GZpPez6k6EqUjUt
ethought
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May 11, 2013, 04:09:32 PM
 #14

Another option is to watch for new coins announcements in the forum, and mine them when difficulty is low. People who can catch these waves early seem to do quite well out of it.

Yes, I was thinking that. Quite risky if the new coin doesnt get off the ground. But potentially quite profitable if it does.
ethought
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May 11, 2013, 04:10:26 PM
 #15

just mine ltc. I agree.

Litecoin it is then for the moment. Maybe a just a little feathercoin on the side.. Tongue
CryptoPath
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May 11, 2013, 04:12:07 PM
 #16

Litecoin is better
ChekaZ
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May 11, 2013, 05:10:17 PM
 #17

wait till retarget then FTC will rise up ! atm its not that worthy, sadly :/

BTC: 1Ges1taJ69W7eEMbQLcmNGnUZenBkCnn45
FTC: 6sxjM96KMZ7t4AmDTUKDZdq82Nj931VQvY
duul
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May 11, 2013, 05:43:30 PM
 #18

Nope. Trashcoin more like.       

Tired of altcoins being crammed into one board? Come over to AltcoinForum.com (http://AltcoinForum.com) where there's a board for every altcoin!
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