[FCN] Fantomcoin. CN based, anonymous. Merge mine with BCN, XMR, QCN, duck.

[jc12345]

I transferred coins to Polo nearly 60 hours ago & they never appeared in my wallet, I lodged a support ticket & shortly after they took it offline.  Coincidence?

I once had an issue with a transfer to to Polo, but that that was because I typed the payment ID incorrectly. Due to the nature of Cryptonight coins, I think everyone sends it to the same wallet at the exchange, but that the payment IDs differs. This means that they allocate it to your account based on the payment ID. It is like depositing money in a bank account of one bank at another bank. You deposit it to the banks account with that bank but with your unique identifier in the reference field and this is how they know it is yours. If you don't use the correct payment ID, it will remain in a suspense account until correctly allocated. It is very complex to pay with CN wallets and very easy to make a mistake with the payment ID. There is also no way to correct a mistake and once you press enter the payment is done without a chance of confirming the details. It is very cumbersome and time consuming for the exchanges to correct user mistakes, find unallocated coins and allocate them correctly. This is however a universal problem and not isolated to FCN as far as I know.

Have you checked that your payment ID is 100% correct? I make a copy of each payment and paste it in a separate doc for future reference.

[1714171466]

1714171466

[ellave]

I transferred coins to Polo nearly 60 hours ago & they never appeared in my wallet, I lodged a support ticket & shortly after they took it offline.  Coincidence?

I once had an issue with a transfer to to Polo, but that that was because I typed the payment ID incorrectly. Due to the nature of Cryptonight coins, I think everyone sends it to the same wallet at the exchange, but that the payment IDs differs. This means that they allocate it to your account based on the payment ID. It is like depositing money in a bank account of one bank at another bank. You deposit it to the banks account with that bank but with your unique identifier in the reference field and this is how they know it is yours. If you don't use the correct payment ID, it will remain in a suspense account until correctly allocated. It is very complex to pay with CN wallets and very easy to make a mistake with the payment ID. There is also no way to correct a mistake and once you press enter the payment is done without a chance of confirming the details. It is very cumbersome and time consuming for the exchanges to correct user mistakes, find unallocated coins and allocate them correctly. This is however a universal problem and not isolated to FCN as far as I know.

Have you checked that your payment ID is 100% correct? I make a copy of each payment and paste it in a separate doc for future reference.

Yes it was correct, I too have my CN transfers 'commands' in a txt file  so I can just copy & paste into the wallet

[c789]

And do you know of any cpu-only coin that are hot right now, make it cpu only and it will FAIL, Your setting it up to fail from the getgo.

Not at all. At first, BTC was CPU-only, and BTC has done, is doing, and will do quite well. That's all I really need to say about that.

But...IF a coin can truly be mined ONLY by CPUs, then that is not a bad thing for several reasons. If everyone has relatively the same amount of hash rate available to them, I think that's a good thing. Then, only those willing to mine and those who want to and/or can invest in more powerful CPUs can avoid the CPU-GPU-ASIC arms race that we've seen with other coins. I haven't bought any new SHA mining equipment for 6 months because, unless you're willing to plop down $4,000+, almost all of it will lose money over time. As much as I love mining, I grew tired of that scenario. But if a coin can be mined only on CPUs, the craziness is greatly reduced.

Now, I doubt that coins that were intended to be CPU-only can remain that way. There are lots of creative and motivated devs who will find a way to make it minable on GPUs and ASICs. I know that it's more than likely that this will eventually become ASIC as well (it's happening on a not-so-efficient level with GPUs now). The need and demand for CN is definitely going to grow, so whatever happens with mining, it will be worth keeping up with. I'm just enjoying the relative calm now

[bitcoinbear]

And do you know of any cpu-only coin that are hot right now, make it cpu only and it will FAIL, Your setting it up to fail from the getgo.

Not at all. At first, BTC was CPU-only, and BTC has done, is doing, and will do quite well. That's all I really need to say about that.

But...IF a coin can truly be mined ONLY by CPUs, then that is not a bad thing for several reasons. If everyone has relatively the same amount of hash rate available to them, I think that's a good thing. Then, only those willing to mine and those who want to and/or can invest in more powerful CPUs can avoid the CPU-GPU-ASIC arms race that we've seen with other coins. I haven't bought any new SHA mining equipment for 6 months because, unless you're willing to plop down $4,000+, almost all of it will lose money over time. As much as I love mining, I grew tired of that scenario. But if a coin can be mined only on CPUs, the craziness is greatly reduced.

Now, I doubt that coins that were intended to be CPU-only can remain that way. There are lots of creative and motivated devs who will find a way to make it minable on GPUs and ASICs. I know that it's more than likely that this will eventually become ASIC as well (it's happening on a not-so-efficient level with GPUs now). The need and demand for CN is definitely going to grow, so whatever happens with mining, it will be worth keeping up with. I'm just enjoying the relative calm now

Scrypt ASICs are not quite ready yet. At least it's not delivered. And scrypt was released in 2011.

So, basically, we have 3 years before the CN ASIC moment. Don't think that it is a problem now.

I'm more concerned by the GPU mining - is current level of hashrate on GPU's is a maximum? Or there is still a room for improvement?

[restless]

lots of room for improvement.
ATM top Radeons make 300-400H/s
No idea about Nvidia, but it seems only 750Ti can be used atm and the miner is hybrid cpu/gpu - probably better optimised too.


Are there pools for merged mining, except minergate?

[bitcoinbear]

lots of room for improvement.
ATM top Radeons make 300-400H/s
No idea about Nvidia, but it seems only 750Ti can be used atm and the miner is hybrid cpu/gpu - probably better optimised too.


Are there pools for merged mining, except minergate?

Not yet. I wrote to 33zer0w0lf (open-source pool marketing (somewhat) guy) recently - he said he will ask developers about the progress on merged mining. It was friday if I recall correctly. Still no answer.

[Zickafa]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

[Lyomon86]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

Perhaps there's just testing going on.

[restless]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

there is closed-source version of ccminer which mines cryptonight. As FCM mining will be for free...

[GVanelly]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

there is closed-source version of ccminer which mines cryptonight. As FCM mining will be for free...

How does closed-source of ccminer and free FCM mining connected?

[BreakingBAD]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

there is closed-source version of ccminer which mines cryptonight. As FCM mining will be for free...

Did you mean that, someone made GPU miner for himself?

[SunSeeder]

Difficulty went up from 2m to 10m over the last few days. Probably because of GPUs entering the scene.

Don't think so, if GPU would enter the scene, the source will be here.

there is closed-source version of ccminer which mines cryptonight. As FCM mining will be for free...

Did you mean that, someone made GPU miner for himself?

I think this is not that easy..and also it would take a lot of time.

[wedgy2k]

Hi

Any news as to why still frozen on poloniex please?
Still active trading on Bittrex.

[followtheboss]

Hi

Any news as to why still frozen on poloniex please?
Still active trading on Bittrex.

+1 we still don't know why FCN is frozen on poloniex

[wedgy2k]

Poloniex unfrozen 

[Spekulatius]

Is it possible to merge mine all CN coins out there? Maybe not right now but can this be deviced?
FCN would shoot up as CN coin #1 if miners could mine all the CN chains simultaneously FCN+BCN+MRO+DUCK+MON+QZR..

Thats a feature I would wish for.

[mirny]

Is it possible to merge mine all CN coins out there? Maybe not right now but can this be deviced?
FCN would shoot up as CN coin #1 if miners could mine all the CN chains simultaneously FCN+BCN+MRO+DUCK+MON+QZR..

Thats a feature I would wish for.

what is the difference between MRO and MON?

[Billyboy402]

can some one please Dropbox the blockchain , 1 day take at least 1 hour to sync

[bitcoinbear]

Winners of the logo contest.

1st place, 0.25 BTC and 250 FCN are going to... sadface!

2nd place, 0.15 BTC and 150 FCN are going to pipipipopopo

3rd place, 0.1 BTC and 100 FCN are going to Rafilsk!

Congratulations to winners!

FCN rewards are sent. Will send BTC rewards as soon as amphibian arrives.

Thank you!

[ciocgun]

can some one please Dropbox the blockchain , 1 day take at least 1 hour to sync

+1