★[ANN] [Fatecoin] [FATE] IS ON YOUR SIDE! No Premine - CPU Friendly★

[tersagun]

Thanks for your effort in behalf of the community trademark :-)

But I've got a couple quetions;
do you have to mine non-stop for a while in order to find the correct blockchain or is it totally luck based? So, giving small breaks/pausing the client actually hurts your chance of finding "correct" blocks?

And once FATE is on your "balance", is this final or there is a chance that it's actually "fake" and your coins will be withdrawn after 4-5+ hours?

Thanks in advance!

[trademark]

Thanks for your effort in behalf of the community trademark :-)

But I've got a couple quetions;
do you have to mine non-stop for a while in order to find the correct blockchain or is it totally luck based? So, giving small breaks/pausing the client actually hurts your chance of finding "correct" blocks?

And once FATE is on your "balance", is this final or there is a chance that it's actually "fake" and your coins will be withdrawn after 4-5+ hours?

Thanks in advance!

Yes, it is best to mine non stop. In the beginning, I was being impatient and kept closing and opening my wallet and ended up with 0 fates in like 3 or 4 days. 

When FATE is in your balance and you are not out of sync then yes, they are actually yours.  Once in a while I would close my wallet and reopen it just to make sure.  If the coins are fake. They will disappear faster than David Copperfield.  Good luck! 

[Sopalin06]

Any tips to compile wallet on ubuntu without gui ?

Thanks

[tersagun]

Thanks for your effort in behalf of the community trademark :-)

But I've got a couple quetions;
do you have to mine non-stop for a while in order to find the correct blockchain or is it totally luck based? So, giving small breaks/pausing the client actually hurts your chance of finding "correct" blocks?

And once FATE is on your "balance", is this final or there is a chance that it's actually "fake" and your coins will be withdrawn after 4-5+ hours?

Thanks in advance!

Yes, it is best to mine non stop. In the beginning, I was being impatient and kept closing and opening my wallet and ended up with 0 fates in like 3 or 4 days. 

When FATE is in your balance and you are not out of sync then yes, they are actually yours.  Once in a while I would close my wallet and reopen it just to make sure.  If the coins are fake. They will disappear faster than David Copperfield.  Good luck! 

Then I was totally lucky finding my first block in the first minutes ;-)

Once you're in the correct chain, does that mean you'll stay forever, meaning you'll find lots of block if you don't stop at all?

And one more question; is there a way to see your calculation power/hash by any means? So I can compare different CPU's?

[trademark]

Thanks for your effort in behalf of the community trademark :-)

But I've got a couple quetions;
do you have to mine non-stop for a while in order to find the correct blockchain or is it totally luck based? So, giving small breaks/pausing the client actually hurts your chance of finding "correct" blocks?

And once FATE is on your "balance", is this final or there is a chance that it's actually "fake" and your coins will be withdrawn after 4-5+ hours?

Thanks in advance!

Yes, it is best to mine non stop. In the beginning, I was being impatient and kept closing and opening my wallet and ended up with 0 fates in like 3 or 4 days.  

When FATE is in your balance and you are not out of sync then yes, they are actually yours.  Once in a while I would close my wallet and reopen it just to make sure.  If the coins are fake. They will disappear faster than David Copperfield.  Good luck!  

Then I was totally lucky finding my first block in the first minutes ;-)

Once you're in the correct chain, does that mean you'll stay forever, meaning you'll find lots of block if you don't stop at all?

And one more question; is there a way to see your calculation power/hash by any means? So I can compare different CPU's?

Being on the correct chain based in my experience doesn't mean much. One of my PC's is going on 10+ hours and hasn't hit a block. I just restarted my wallet this morning, so we'll see.  

Someone, please correct me if I'm wrong, but there is no way to calculate your FATE earnings. There isn't a formula for LUCK.  That's what makes this coin unique and keeps away the big miners.  

[tersagun]

Being on the correct chain based in my experience doesn't mean much. One of my PC's is going on 10+ hours and hasn't hit a block. I just restarted my wallet this morning, so we'll see.  

Someone, please correct me if I'm wrong, but there is no way to calculate your FATE earnings. There isn't a formula for LUCK.  That's what makes this coin unique and keeps away the big miners.  

I thought it has a very low difficulty for CPU's but because there is a difficulty and you're actually calculating something, having a faster CPU should result in a better score. Is my logic false here?

[Sopalin06]

Someone is using fatecoind on linux atm ? I can't compile it on ubuntu and mega.co.nz link doesn't work

[goodluck0319]

how do I mine solo with this coin?

[trademark]

Being on the correct chain based in my experience doesn't mean much. One of my PC's is going on 10+ hours and hasn't hit a block. I just restarted my wallet this morning, so we'll see.  

Someone, please correct me if I'm wrong, but there is no way to calculate your FATE earnings. There isn't a formula for LUCK.  That's what makes this coin unique and keeps away the big miners.  

I thought it has a very low difficulty for CPU's but because there is a difficulty and you're actually calculating something, having a faster CPU should result in a better score. Is my logic false here?

I'd say a faster CPU does make a difference since I've noticed my Core i7 has more coins that my i3, but to calculate an exact amount per day, I'd say it's impossible. I could be wrong. Maybe the dev has a better answer.

[trademark]

how do I mine solo with this coin?

Through the wallet. Click on the mining button on the top. Good luck.

[markj113]

been mining this coin for 39 hours and currently have 5238 coins.

So averaging 139 coins per hour

Using an overclocked I5 @ 4.8

[tersagun]

been mining this coin for 39 hours and currently have 5238 coins.

So averaging 139 coins per hour

Using an overclocked I5 @ 4.8

Seems about right. I'll update this post once I've gathered more data but so far my Phenom x965 and i5 laptop results are near to that value.

I do wonder if anyone is mining with a GPU though. Noone to share his results?

[Sopalin06]

8 CORE on cloud hashrate 30khash any tips to increase this number ?

Core based on Intel(R) Xeon(R) CPU           E5620  @ 2.40GHz

[eugenetsou]

Being on the correct chain based in my experience doesn't mean much. One of my PC's is going on 10+ hours and hasn't hit a block. I just restarted my wallet this morning, so we'll see.  

Someone, please correct me if I'm wrong, but there is no way to calculate your FATE earnings. There isn't a formula for LUCK.  That's what makes this coin unique and keeps away the big miners.  

I thought it has a very low difficulty for CPU's but because there is a difficulty and you're actually calculating something, having a faster CPU should result in a better score. Is my logic false here?

I'd say a faster CPU does make a difference since I've noticed my Core i7 has more coins that my i3, but to calculate an exact amount per day, I'd say it's impossible. I could be wrong. Maybe the dev has a better answer.

1.YES! my CPU's i3、i5 、G3220、G1820 alomst same qty of FATECOIN，but E3-1230 V3 is better!
2.calculate an exact amount per day, I'd say it's impossible! <----- YES!  it's no meaning, my G1820 sometimes got nothing in all day!

Thanks @trademark for what you have done for FATECOIN~

[kaene]

Is anyone able to explain how this coin works without the "magic" part in plain English?

What is the PoW? What is scrypt-jane + time limited algo?

What is that "to be on the wrong/right chain"? Is it part of the algo or just the chain being forked all the time?

And how do you mine using GPU or CPU? How do you select this?

Without any serious explanation, I'm sorry but this is just BS.


Edit: I went to the QQ channel and asked how it works. If I understand it right, diff doesn't readjust, but block time is fix 30 seconds, so the "wrong/right chain" basically means that there gonna be a lot of orphans because there is going to be only 1 block every 30 seconds. PoW is scrypt-jane, but it's more about luck because it's like basically during the launch of a coin.

[Orangutanho]

many chinese mining

[tersagun]

Is anyone able to explain how this coin works without the "magic" part in plain English?

What is the PoW? What is scrypt-jane + time limited algo?

What is that "to be on the wrong/right chain"? Is it part of the algo or just the chain being forked all the time?

And how do you mine using GPU or CPU? How do you select this?

Without any serious explanation, I'm sorry but this is just BS.

Valid questions. I'm curious as well.

[goodluck0319]

what exchanges accept this coin?

[kaene]

Is anyone able to explain how this coin works without the "magic" part in plain English?

What is the PoW? What is scrypt-jane + time limited algo?

What is that "to be on the wrong/right chain"? Is it part of the algo or just the chain being forked all the time?

And how do you mine using GPU or CPU? How do you select this?

Without any serious explanation, I'm sorry but this is just BS.

Valid questions. I'm curious as well.

I went to the QQ channel and asked how it works.

If I understand it right, diff doesn't readjust, but block time is fix 30 seconds, so the "wrong/right chain" basically means that there gonna be a lot of orphans because there is going to be only 1 block every 30 seconds. PoW is scrypt-jane, but it's more about luck because it's like basically during the launch of a coin.

I haven't mined it, but looks like it has to be an orphan festival all the time. In any case it sounds interesting, at least different, CPU friendly because hashing speed is not the most important. Will give it a try I guess...

[tersagun]

Is anyone able to explain how this coin works without the "magic" part in plain English?

What is the PoW? What is scrypt-jane + time limited algo?

What is that "to be on the wrong/right chain"? Is it part of the algo or just the chain being forked all the time?

And how do you mine using GPU or CPU? How do you select this?

Without any serious explanation, I'm sorry but this is just BS.

Valid questions. I'm curious as well.

I went to the QQ channel and asked how it works.

If I understand it right, diff doesn't readjust, but block time is fix 30 seconds, so the "wrong/right chain" basically means that there gonna be a lot of orphans because there is going to be only 1 block every 30 seconds. PoW is scrypt-jane, but it's more about luck because it's like basically during the launch of a coin.

I haven't mined it, but looks like it has to be an orphan festival all the time. In any case it sounds interesting, at least different, CPU friendly because hashing speed is not the most important. Will give it a try I guess...

It's indeed an orphan fest; I do not monitor all the time but I get an orphan block in about every 20. block (probably even more). But can you clarify it a little bit better;

What I understand from you is;

-There are 100 miners with various systems.
-20 of them is going to solve the block in the 30 sec period because it's easy to solve.
-Only 1 will be in the correct chain and the other 19 solved the block in the wrong chain.

If it's like this, how is the "correct chain" selected; does the system know it before sending out the block information at start or how does the system works? The ones with orphaned coins were in the wrong chain since the start or it's determined after everyone solves it?