Life Support (Updated with hash donators)
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@ bushstar / justabitoftime - so what’s the plan now? We’ve been drumming up support for a few hours and things aren’t getting better.
We NEED a public update from you to reassure the hash donators that are loosing money trying to keep ftc alive and pursuade other potential miners that its worth it. I can’t keep my miners here indefinitely… I/we need a timescale :-\
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Around 700 MHash now.
The current price is good as a lot of latecomers can pick it up. Unfortunately people are so scared that they will let the opportunity pass by.
Also, all the alts, including LTC have been losing ground steadily. Its not confined to FTC only.
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[quote name=“DigitalDoom” post=“2390” timestamp=“1368249074”]
[quote author=justabitoftime link=topic=364.msg2383#msg2383 date=1368238609]
No time for personal nonsense, we have a lot to figure out as a community. Once I hear back from Bushstar, I’ll start coordinating efforts with everyone.If you’re not sure why I put the edit in your response, please feel free to pm me directly. Here’s what we’re going to do:
- Stay on task
- Avoid name calling
- Attack direction not the person
There’s plenty of other boards that the above 3 is acceptable, this is a place that’s accepting of different ideas and approaches.
[/quote]So what you gonna do?
FTC is dying rapidly…I’ve seen lots of suggestions in here but nothing being done. Are you guys going to try and save it or let it die? If something isn’t done to turn things around soon, it’ll be a footnote in history. Already it’s worth less than a squirt of piss. By tomorrow morning it’ll be negative zero.
Real shame things went this way. I had really hoped the best for FTC…then it hit the exchanges and it looked like it stood a real chance. Almost immediately after, it began the downward spiral. So…what are you all going to do now?
[/quote]Your concerns are obviously valid. Bushstar didn’t leave his current position to work on this fulltime to watch it die.
“glad I only wasted 3 days mining it. Now if I could only unload the 500 I have on some fool…”
You can certainly unload the 500 on me, I’d be happy to buy it up.
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[quote name=“Nutnut” post=“2400” timestamp=“1368254779”]
@ bushstar / justabitoftime - so what’s the plan now? We’ve been drumming up support for a few hours and things aren’t getting better.We NEED a public update from you to reassure the hash donators that are loosing money trying to keep ftc alive and pursuade other potential miners that its worth it. I can’t keep my miners here indefinitely… I/we need a timescale :-\
[/quote]We appreciate everything you’re doing. I know Bushstar is weighing options, I agree a public timetable needs to be set… but more importantly, the right one needs to be set. Please give us a little more time.
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[quote name=“Magic8Ball” post=“2401” timestamp=“1368254862”]
Around 700 MHash now.The current price is good as a lot of latecomers can pick it up. Unfortunately people are so scared that they will let the opportunity pass by.
Also, all the alts, including LTC have been losing ground steadily. Its not confined to FTC only.
[/quote]Not sure you’re right. Whilst the stats page says 700MHs, thats averaged over nearly 400 blocks. At this block rate, that covers for an avergage over the last 5 days or so. The pools report 380MHs though I’m not sure over what timescale.Can we get a report over the last 10/20/50 blocks so we have a visual on whether we’re winning the fight?
Edit: getting my MHs/KHs in a twist :-[
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I’ve actually been pointed towards FTC for the past week now (despite a low hash rate currently). The confirmation/block generation is slow, so I figure anything I can throw at it will help speed it up and hopefully help get this currency revived.
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[quote name=“raptorak” post=“2410” timestamp=“1368257404”]
I’ve actually been pointed towards FTC for the past week now (despite a low hash rate currently). The confirmation/block generation is slow, so I figure anything I can throw at it will help speed it up and hopefully help get this currency revived.
[/quote]Thank you, thank you! I’ll make sure I take care of those that helped us along the way… not sure how yet, maybe some massive coin giveaways.
It’s 2:56am here… I took a quick nap and now I’m back up fighting the FUD being spread. As long as you guys walk with me, I’ll continue to push forward.
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2.4Khash here
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[quote name=“pyxis” post=“2426” timestamp=“1368261054”]
2.4Khash here
[/quote]Thank you so much.
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[quote name=“justabitoftime” post=“2421” timestamp=“1368259147”]
[quote author=raptorak link=topic=364.msg2410#msg2410 date=1368257404]
I’ve actually been pointed towards FTC for the past week now (despite a low hash rate currently). The confirmation/block generation is slow, so I figure anything I can throw at it will help speed it up and hopefully help get this currency revived.
[/quote]Thank you, thank you! I’ll make sure I take care of those that helped us along the way… not sure how yet, maybe some massive coin giveaways.
It’s 2:56am here… I took a quick nap and now I’m back up fighting the FUD being spread. As long as you guys walk with me, I’ll continue to push forward.
[/quote]No problem! I think its current state is one of the reasons I like it… feeling useful and being able to actually help a cause.
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[quote name=“justabitoftime” post=“2421” timestamp=“1368259147”]
It’s 2:56am here… I took a quick nap and now I’m back up fighting the FUD being spread. As long as you guys walk with me, I’ll continue to push forward.
[/quote]We here with ya… FIGHT THE FUD! 8)
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[quote name=“Nutnut” post=“2357” timestamp=“1368226850”]
[quote author=UKMark link=topic=364.msg2352#msg2352 date=1368226412]
You have my 1.3mH/s already, please look after it! :)
[/quote]Are you NarkyMark?
[/quote]Not when you get to know me ;)
Yup, longtime gamertag! :) -
~380 kh/s at hynodeva.com
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[quote name=“benj308” post=“2436” timestamp=“1368262499”]
~380 kh/s at hynodeva.com
[/quote]Thank you!
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pushing between 640 and 720 khash.
My new mobo is on route and then I have to pick up some cheaper used cards.
Only problem is that I’m on holiday starting monday so only next saturday I can possibly add some extra hashes, not a lot but all hashpower is welcome I guess.
Many thanks to all supporters and those spreading the word.I agree with previous post that we need the network hashrate mentioned of the last 10-20 or 40 blocks instead of the nearly 400 blocks mined so far.
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[quote name=“justabitoftime” post=“2440” timestamp=“1368262869”]
[quote author=benj308 link=topic=364.msg2436#msg2436 date=1368262499]
~380 kh/s at hynodeva.com
[/quote]Thank you!
[/quote]No worries ;D
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moved 16 blocks since yesterday. it will take forever if we dont get any high power users behind us.
got 23ftc over night… remember when i got 1700ftc pr day=PAs main post request, a little transparency regarding the devs plan on this coin would be much apreciated, and
also hopefully would motivate more people to mine this coin. -
[quote name=“svennand” post=“2462” timestamp=“1368266532”]
moved 16 blocks since yesterday. it will take forever if we dont get any high power users behind us.
got 23ftc over night… remember when i got 1700ftc pr day=PAs main post request, a little transparency regarding the devs plan on this coin would be much apreciated, and
also hopefully would motivate more people to mine this coin.
[/quote]I appreciate you cranking away on the coin. Here’s Bushstar’s update:
[url=http://forum.feathercoin.com/index.php?topic=386.0] http://forum.feathercoin.com/index.php?topic=386.0[/url]
I believe the peer review is important. I agree we need to ease concerns but I also believe we need to make sure that there are no major gaping holes in the plan.
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[quote name=“justabitoftime” post=“2421” timestamp=“1368259147”]
…not sure how yet, maybe some massive coin giveaways…[/quote]
That is exactly what you should do. You (the FTC team) probably hold millions of coins and you should pay miners the change the change they lose on profitability and voila - you have a lively coin again.
I suggested this in this thread yet the responses were negative. But thats exactly what you gotta do, otherwise the capital loses of dying coin will be much higher than this.
Too bad that many newb miners can only see current price of FTC, but they can’t see the fact that there is no way to sell 1milion coins + (btc sell order depth) at the current price, and that 75$ worht of ftc is 75$ worth of ftc only at this moment, and these 75$ are nothing compared to gain possible, if FTC was alive.
The second problem of FTC is of course premine, thats why I would not want to invest anything in FTC but something, that can give immediate payout.
I still wish you good luck, its a new type of economy and its fun to watch and learn, how things are going.
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[quote name=“usahero” post=“2465” timestamp=“1368267903”]
The second problem of FTC is of course premine, thats why I would not want to invest anything in FTC but something, that can give immediate payout.
[/quote]There was no premine