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Author Topic: [ANN][FT1] Fortune1Coin is not just another cryptocurrency.  (Read 17148 times)
funnow
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October 01, 2019, 02:16:37 PM
 #441

Both wallet are synced ok right now. One of them was lagged yesterday.
This did the trick for me :
Delete peer_db folder in data folder.
Yes, same here. Both wallet are now okay.
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Fortune1Coin
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October 01, 2019, 04:18:54 PM
 #442

How many min should it take for the miners to restart ?
Up to 5 mins
mikebm
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October 01, 2019, 04:53:36 PM
Last edit: October 01, 2019, 05:23:08 PM by mikebm
 #443

updated to 0.9.9. began backlog.no network connection.
Fortune1Coin
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October 01, 2019, 06:32:31 PM
 #444

Now the big answer to the big question @BTCxinyang and not only for him:

What I want to say below is actually very difficult to explain for just one single reason. The thing is that it is very simple. I will try to explain such a simple thing that it always falls out of sight of most people who look at our coin. It is very subtle. Therefore, it is so difficult to see it the first time. Therefore, I will try to add a little simple arithmetic to make it more obvious.
Let's divide the question into parts, or rather, into several introductory questions:
1. What are the most important factors of pricing for any cryptocurrency?
2. What is the difference between mining in a regular pool and mining our coin in the co-pool?
3. And finally, how does all this relate to our coin?
Consistently answering these three questions, I hope that I will be able to explain the coin uniqueness and success.
So…
1. There are only two things that affect the value of cryptocurrency in the market - this is its popularity and the fundamental factors of the market - supply and demand. It seems simple, but note that popularity can affect demand, but has little effect on supply. What does it mean? This means that by developing the popularity of a coin, you can develop demand for it, but you cannot limit the supply in any way. Why limit the supply? To increase the value of the coin - obviously. Because it is the balance of supply and demand that affects the price, not just demand or only supply. And so what do we see? We see that for the success of a coin in the market you must control three parameters of its life: popularity, demand, supply. That's all for now, but we will return to these conclusions a bit later.
2. Many have mining experience in pools. Then you know that on weak equipment you cannot mine a successful coins. You just do not earn anything. The reason is simple - ordinary pools very often do not take into account the work of low-powered miners. Therefore, we came up with cooperative mining, which only looks similar to regular mining in a pool. Technical details are not important right now, the only thing that matters is that the work of all miners is taken into account and the reward is calculated in proportion to the miner's contribution to the search for the block hash. That is, the reward is divided into ALL miners who participated in the block mining. Remember this thought - it is important. And the second important argument in favor of our pool is that there is no competition between the pools. When you mine other coins in a regular pool, you are not guaranteed a reward, because block can find another pool. And then you don’t get anything at all. In our pool, you get rewarded anyway. Even if you ever want to create your own pool for mining our coin, then it will be more profitable for you to include it in our pool than mine separately. It is a fact. And just an interesting point - regular pools do not allow you to implement an affiliate program, because formally mining goes only to one address of the pool itself. Your addresses are not rewarded, so affiliate rewards cannot be calculated.
3. And so, now the hardest part is to explain how this is all related. Phew ... In fact, everything is so simple that it could fit in one sentence. But this is the difficulty. After all, I already spoke about this in one sentence, but the result is not significant. And so, let's remember that in our coin price equation there are several variables: popularity, supply, demand. All this is in the context of the fact that the coin is mined in one pool and the reward is divided into ALL miners. Now you will understand why this is important ... We see that our affiliate program is working better and better every day, moreover, the current problems are related to the fact that the application architecture that we inherited from Bytecoin does not allow us to accept more than 400 miners . We are now confronted with this limit and the application crashes under such a load. We are urgently changing the architecture of the application, but it takes time. But the idea of ​​sewing an affiliate program into the blockchain worked, our coin is gaining popularity even without our participation. It is a fact. The popularity of the coin creates demand for the coin in the market. As soon as the coin overcomes a certain threshold of popularity (citation, etc.), demand will increase many times over. But, as we already found out earlier, for a good coin price, we also have to regulate the supply. How is this done in other coins? No way ... I don’t want to go into details now, but think about it yourself and you will realize that it’s true. And in our coin, the offer is regulated very simply. Very simple, you will understand everything now. See, block rewards are always around 35,000 coins. If you yourself opened the block, how many coins would you be able to offer the market? Right - 35,000 coins. And if there were 10 miners in the pool, how many? That's right - 3,500 coins and not the fact that all 10 miners will want to immediately sell their coins. Right? And how many coins can you offer the market when there are 1,000 miners in the pool? What about 10,000 miners? And when is a million? But you still need to pay commissions for transactions, exchanges, payment systems, etc. ... Drum roll! ... The more miners, the less the offer on the market and therefore the higher the price of a coin!

I have nothing more to explain, I explained the whole main gameplay of our coin. Now you see that the affiliate program itself is not so important (only for popularity in the first stage). It should be considered only together with cooperative mining. Affiliate program + cooperative mining in one pool is the key to the wealth of miners. Especially those who now have the opportunity and luck to receive great rewards. When there are more than 3,000 miners, the reward will be less than one coin. A few hundred people will become rich (unless they offer their coins to the market immediately after being placed on the exchange).

Respectfully to all members of our beloved community.
mikebm
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October 01, 2019, 06:38:18 PM
 #445

https://pastenow.ru/d56eb0d6ba7bdf1fb431b6b665cfec11
screenshot link to
Fortune1Coin
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October 01, 2019, 07:54:59 PM
 #446

Did you restart your computer?


Pool restarted. Check your miners plz.
mikebm
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October 01, 2019, 08:11:14 PM
 #447

Did you restart your computer?


Pool restarted. Check your miners plz

yes, rebooted.
translation is not correct enough. can i use russian?/quote]
airat9000
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October 01, 2019, 09:55:45 PM
 #448

Huh Huh 9.9 Not fixes in cores mines  Embarrassed back in me 0.9.7

I can’t choose the number of cores .. again the system now loads 95%, especially AMD pfenom
In the old version, you also could not choose the number of processor threads. This option did not work. Therefore, we have turned it off for now. I recommend you upgrade.

o peers for the new version!

it's used to be 5-8 peers as soon as open the wallet, but it's 0 for hours today after I downloaded the new versoion...
anyone got the same problem ?
Delete peer_db folder in data folder, plz.

The most basic function of the coin cannot be guaranteed. The team is really great. Continue to do so and you will die. Pay attention to time and efficiency


The basic functions of the coin are guaranteed properly. There are some things whose implementation is delayed, but this is normal. After all, there are only 24 hours in a day, and we are not cyborgs. In addition, folk wisdom says that the best is the enemy of the good.

PS. I am currently preparing the answer for the Chinese miners, which I promised.
PS2. Pool restarted check your miners plz.
Looks we have a nasty bug left.
When pool restarts miners stay dead, there is no restart.

in general, the bottom line is that in the previous version I set 1-3 processors, but it didn’t interfere with me, neither programs nor games. And now, if I’m lining up with me, let’s say the game war tander, and it’s very sensitive to any changes. here ..
On the whole, it got a little better .. but not everywhere.
I just apologize for tormenting you - but just so that there would be no problems later.
airat9000
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October 01, 2019, 11:19:43 PM
Last edit: October 02, 2019, 03:26:08 AM by airat9000
 #449

 Tongue Embarrassed
bug
1) Not connection in wallet

2) Miner is work..

update
1) 1 pc work version 0.9.8

2) 2 pc work version 0.9.8 and version 0.9.9 - not work in
message - the wallet is lagget
not connection in wallet
miner work

IP address one
Illogical
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October 02, 2019, 01:40:04 AM
 #450

Hey Fortune1coin, could you change your settings in your messages to allow newbies to send you personal messages? I had a question that i'd like to ask but don't feel it needs to be posted here in the forums.
sehmet@sev
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October 02, 2019, 04:47:26 AM
 #451

Tongue Embarrassed
bug
1) Not connection in wallet

2) Miner is work..

update
1) 1 pc work version 0.9.8

2) 2 pc work version 0.9.8 and version 0.9.9 - not work in
message - the wallet is lagget
not connection in wallet
miner work

IP address one

Delete peer_db folder in data folder.
airat9000
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October 02, 2019, 04:50:45 AM
 #452

Tongue Embarrassed
bug
1) Not connection in wallet

2) Miner is work..

update
1) 1 pc work version 0.9.8

2) 2 pc work version 0.9.8 and version 0.9.9 - not work in
message - the wallet is lagget
not connection in wallet
miner work

IP address one

Delete peer_db folder in data folder.

thanks - work!
bbbbb3344
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October 02, 2019, 12:39:42 PM
 #453

It's foolish that I need to restart the mining process every day to make it work.
AnyBany
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October 02, 2019, 01:22:17 PM
 #454

It's foolish that I need to restart the mining process every day to make it work.

It's foolish to make money by just clicking one button just one time per day.
keseoma
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October 02, 2019, 02:55:32 PM
 #455

so now the new version support 2 or more computers?

sehmet@sev
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October 02, 2019, 03:16:35 PM
 #456

so now the new version support 2 or more computers?

Only 1 computer, for one active wallet
Fortune1Coin
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October 02, 2019, 03:49:34 PM
 #457

If there are four hundred miners tomorrow, the wallet will crash again. is it? If it can be solved, you need speed. What I want to tell you is the membership program you are proud of. Our Chinese miners. I personally account for one-third of the number of miners. There are also many Chinese miners who are digging a lot of computers. I want to say that you are too confident. If our Chinese miners want to dig. Three thousand miners are not difficult. Miners with a large number of computers are very common, and the key is whether it is worth paying. We usually like coins and try to dig him first. Then prepare to invest in coins. But seeing the current situation, some disappointment
Unfortunately, until the problem is resolved, the pool crashes periodically. We are working to resolve the issue. We understand how important this is.

We replied to you on the forum because we want to see something and let us have the confidence to dig. Because people have different angles. The team can continue to stick to their own ideas. Just want to say that we have a lot of computers and money waiting for this project, but we need more information about coins, it all depends on the team. Although I know that you are a part-time developer, time and efficiency are slow. But this will affect the development of coins! I hope that the coin will move forward better and can say a lot. This is the first and last reply. I hope that the team can calmly think about the future. But already
We are grateful to you for your attention to the project and for your feedback. This inspires us to achieve results. We work purposefully and hard. We will certainly achieve the goal, there is no doubt about it. All problems will be left behind. The current pool instability will not last long. I am sure that next week everyone will even forget about this nightmare and will focus on listing on the stock exchange.

Hey Fortune1coin, could you change your settings in your messages to allow newbies to send you personal messages? I had a question that i'd like to ask but don't feel it needs to be posted here in the forums.
Done.

It's foolish that I need to restart the mining process every day to make it work.
We are working on a bug fix.

translation is not correct enough. can i use russian?
You can try this, but moderators may respond.
funnow
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October 02, 2019, 04:01:25 PM
 #458

It's foolish that I need to restart the mining process every day to make it work.
It's foolish having trollers here.
z941
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October 02, 2019, 04:25:53 PM
 #459

I have a few questions: 1: How many team members? 2: Why not show personal computing power, and now some people have questions. When digging, the wallet will use our computing power to mine other coins. opaque. (This is the most important question!!! Must answer!) 3: The official website is too simple and needs to beautify. This is the first impression. 4: The necessary synchronization and mining of block browsers and wallets is a must-have feature. This is a major issue whether you are part-time or not. 5: The total amount of mining has not been disclosed. You know that decentralization needs transparency. 6: If you want to develop this kind of token, you need to take it seriously. Otherwise, you are not responsible for the miners.
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October 02, 2019, 06:45:07 PM
 #460

Correct me if I'm wrong, but the miner is still single threaded, right? As in no true multicore support?
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