[ANN] FlutterCoin FLT Proof Of Transaction Cash Back for Sending & Recieving

[thekidcoin]

made me sweat!  LOL fork is a success, reward is now 5000

[filipe3x]

http://flt.bitember.com/

[thekidcoin]

BTW if blocks are really slow its one of 2 reasons.  Miners jumping off - or large pools that have no upgraded stratum-mining (their hashrate is effectively nullified).  in this case its hashrate related...

[crycurex.com]

Would you like to have your coin listed on www.crycurex.com ?

One of the lowest trade fees - 0.09 % per trade

https://crycurex.com/info/add-currency/

[thekidcoin]

FYI I am not releasing binaries for now on the branch v0.4.6.x - I have built them and am testing.  There are some issues with syncing I am seeing.  Will release a Mac Wallet in a few days on version 0.4.5.4 (as well as updated windows binaries and linux source)

Note that the Mac Wallet has some compatibility issues with systems < 10.9.x (will not sync), trying to figure out why that is, but worst case I will release a 10.9+ Wallet.

[speedminer]

The top 20 block finders until 17/04 will each be given an additional 100 FLT each.

You can visit our pool here: http://flutter.speedminer.org

Very stable pool.  Steady payouts checked every minute, Payout after 112 confirms (lower then other pools).

[cloudminers]

made me sweat!  LOL fork is a success, reward is now 5000

Yeah we found block 22000.

[thekidcoin]

Miners are dropping off because the reward has dropped to 5000...

[seattletu]

spike down in price right before the fork, lets see if it spikes up after the successful fork

[axo]

Miners are dropping off because the reward has dropped to 5000...

why? I think the difference is small from random 1000-10000 and fixed 5000. The difference is bigger for multipools if they only mine blocks with better rewards.

[moonpool]

Miners are dropping off because the reward has dropped to 5000...

This isn't true at all, the average of the reward should have been 5,000FLT in the first place if the rewards were actually random, so they wouldn't be getting any less coins, therefore the reward hasn't "dropped".
This only matters to people specifically targeting profit as if the coin was a static 10,000FLT per block(or gaming the rewards and only targeting blocks greater than 5,000FLT).
We didn't want these people in the first place and if the hashrate has dropped because profit targeting multipools are gone, so be it, that is a good thing.

[thekidcoin]

Miners are dropping off because the reward has dropped to 5000...

This isn't true at all, the average of the reward should have been 5,000FLT in the first place if the rewards were actually random, so they wouldn't be getting any less coins, therefore the reward hasn't "dropped".
This only matters to people specifically targeting profit as if the coin was a static 10,000FLT per block(or gaming the rewards and only targeting blocks greater than 5,000FLT).
We didn't want these people in the first place and if the hashrate has dropped because profit targeting multipools are gone, so be it, that is a good thing.

multipool miners is what I meant to say.  People targeting the big blocks dropped off.

[thekidcoin]

Miners are dropping off because the reward has dropped to 5000...

why? I think the difference is small from random 1000-10000 and fixed 5000. The difference is bigger for multipools if they only mine blocks with better rewards.

Thats what I mean... MP's

[homeiss]

Miners are dropping off because the reward has dropped to 5000...

This isn't true at all, the average of the reward should have been 5,000FLT in the first place if the rewards were actually random, so they wouldn't be getting any less coins, therefore the reward hasn't "dropped".
This only matters to people specifically targeting profit as if the coin was a static 10,000FLT per block(or gaming the rewards and only targeting blocks greater than 5,000FLT).
We didn't want these people in the first place and if the hashrate has dropped because profit targeting multipools are gone, so be it, that is a good thing.

multipool miners is what I meant to say.  People targeting the big blocks dropped off.

Wafflepool is still hitting us, but at least they can't target the big blocks anymore...

Those buy orders are getting really thin. wafflepool has another 800k to dump, sub 100sat here we come?  

[seattletu]

Price is super cheap. Dat Chinese fear

[thekidcoin]

Miners are dropping off because the reward has dropped to 5000...

This isn't true at all, the average of the reward should have been 5,000FLT in the first place if the rewards were actually random, so they wouldn't be getting any less coins, therefore the reward hasn't "dropped".
This only matters to people specifically targeting profit as if the coin was a static 10,000FLT per block(or gaming the rewards and only targeting blocks greater than 5,000FLT).
We didn't want these people in the first place and if the hashrate has dropped because profit targeting multipools are gone, so be it, that is a good thing.

multipool miners is what I meant to say.  People targeting the big blocks dropped off.

Wafflepool is still hitting us, but at least they can't target the big blocks anymore...

Those buy orders are getting really thin. wafflepool has another 800k to dump, sub 100sat here we come?  

Should fork FLT into a coin that lowers the reward based on difficulty/hashrate

[seattletu]

Just fork it into a coin that is 10000 satoshi each

[thekidcoin]

You would left the rewards as they are now, maximum 5K, 2.5K, etc, but adopted a system of adjusting the rewards down/up based on difficulty/hashrate, with the current reward levels being the maximums, possibly it could alleviate some dumping.

Say a multipool wanted to mine because it was profitable at 5000, but then their hashrate hit the coin and the reward dropped to say 4000, the coin may not be as profitable and they would switch to a new coin (maybe)

If you throw 20gH at it, say with ASIC's, maybe the reward will drop to 500 or something, and they would stop mining.

[seattletu]

That negates the point of variable difficulty

[thekidcoin]

That negates the point of variable difficulty

Nope... PeerCoin uses the same model