[quote name=“Wellenreiter” post=“46107” timestamp=“1387449914”]
It’s very simple and it is exactly the same as for Bitcoin and most -if not all- other coins.
The basis of the network are the miners.
By mining, they generate the blocks, that contain all transactions.
Miners connect to other miners and build the p2p network this way.
The intensive in mining is, that each new generated (found) block has a given number of coins attached to it,
that will be owned by the miner finding that block. Currently it’s 200 FTC
As it takes a long time to find a block when doing solo mining, miners build pools to accumulate their computing
power to find more blocks per day/hour
when doing pool mining, every miner, that participated in the calculations to find a block get a percentage of
the coins contained in the found block.
There are several calculation schemes, most common are PPLNS (pay per last number of shares) and PPS (pay per share)
you may google PPLNS and PPS for details
If you want to participate you have to:
download a Feathercoin wallet (see links on
feathercoin.com)
download a mining program most common programs are guiminer, cfminer and bfgminer.
install/setup/run your wallet
install/setup/run your mining program
[/quote]
+1 rep