Official FTC Newsletter 36
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Thanks Mirrax, a very secure and prosperous new year to everyone…
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Awesome! Some very good news to start 2016, lets keep moving forward!
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firstly its great to see development still ongoing in ftc, and full credit for lizhi for keeping the work up.
though 2 questions,
this “We have better and uníque algorithm”, better?
Neoscrypt was one of ftc biggest mistakes, warned by many then you guys went that path which has almost seen the death of ftc, yet for some insane reason you didn’t learn?so apart from almost completely killing any market for ftc how is Neoscrypt better?
now why the disconnection from litecoin and the switch to deriving the wallet from btc?
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@kelsey What do you suggest? To lay down and die? Switching back to Scrypt would be a sure disaster. It’s ASIC dominated and LTC has nothing interesting to offer. Just a quick BTC clone, though old and well known.
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I agree with Ghostlander. The arguments against Neoscrypt you make arn’t logical the majorty of members thought it was the right move, some people spent a lot of money and did a lot of work to make it happen.
FTC made a lot of moves, right or wrong, it was perceived no move would be “death” eg ssl updates, eHRC, one minute transactions etc.As someone who bought ASICs and argued against Neoscrypt…
If Scrypt was better than Sha256 (requires more memory and uses more than one “encryption / hash”) then Neoscrypt is also better than Scrypt. That is the reason behind that, security by additional steps.
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@kelsey So how much you invested in Scrypt ASIC? I bet a lot…
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I ended up with about 6 Gridseeds and a Zeus, used only on scrypt, my friends/son had 5 also, so not many. I’m only a hobbiest miner, into the distributed aspects, not a farm. But a lot quieter and efficient than the GPUs
They cost between £90 (second hand when they were down to about £130 new) for the first one down to £20 for the last 4. I got about 1/2 back when I sold them, when FTC went neo.
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@wrapper said:
I ended up with about 6 Gridseeds and a Zeus, used only on scrypt, my friends/son had 5 also, so not many. I’m only a hobbiest miner, into the distributed aspects, not a farm. But a lot quieter and efficient than the GPUs
I use NVidia GPUs and cudaminer. These are more cost efficient than the AMD ones. I get ~ 120 khash at 29 W on my GPU with Neoscrypt…
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@mirrax said:
@kelsey So how much you invested in Scrypt ASIC? I bet a lot…
well you’d lose that bet.what someone says about some else says more about that themselves then the person they are making assumptions about.
i on the other hand never do anything in crypto for personal gain, never made any fiat out of it ever. i’ve never invested in any crypto mining equipment of any kind, (most i’ve ever done in token mining on an old laptop (experimental type)).
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@wrapper said:
If Scrypt was better than Sha256 (requires more memory and uses more than one “encryption / hash”) then Neoscrypt is also better than Scrypt. That is the reason behind that, security by additional steps.
so you’d say that feathercoin is more secure then lets say litecoin, and bitcoin? hardly can be more secure if it sends the miners away? no?
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@ghostlander said:
@kelsey What do you suggest? To lay down and die? Switching back to Scrypt would be a sure disaster. It’s ASIC dominated and LTC has nothing interesting to offer. Just a quick BTC clone, though old and well known.
so where heading down the same ignorant path as you guys did last time i raise this opinion?
if you seriously think thats all litecoin is then you are lost mate and don’t have a clue at why litecoin is a huge success comparative to feathercoin.
but again i feed you guys the truth over and over and i’ll just be attacked, so yeah not about to waste my time unless you guys are actually open to save the basket case of a coin?
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Excuse me Mate, who are us guys?
Calling people ignorant is not an argument.
I’ve already told you the reasons I was against the move to Neoscrypt but 51% of the community voted with their feet and allowed it to happen. Even so I have kept miner going, updated an sgminer guide and helped stop spam on the forum, exactly to increase the distributed mining.
The members that were for Neoscrypt( except Ghost) have mostly left us to pick up the pieces.
But most of the members left here did loads of work for FTC, and or pay for services, how are they culpable?
Unfortunately, I think you will find the open source evolutionary system does look “basket case” to those that don’t understand it. Also railing against fellow contributors is not effective method of development.
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@kelsey OH look at that, we have guy who NEVER REALLY MINED, yet he criticize our mining algorithm. Funny. From now on I take your mentions about Neoscrypt as noise.
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I hope to finished 11.1 February, then greatly popularize block 3
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As a Miner I cant wait to try this out! Great news! The NeoScrypt Algo Rocks!
Cryptsy…I think deep down, most people knew this day would come, it’s not exactly the most professional exchange out there…in Dec I converted all my BTC and LTC from Cryptsy to FTC and withdrew to cold storage…best decision I made since I come back from holiday and Crypsty is more trouble than when I left.
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@kelsey Neoscrypt is here and there is nothing you can do about it. So why still digging in this. Besides once we go POS which I hope will eventually happen this discussion will be completely unnecessary.
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@kelsey I see you suggest nothing actually. There is no use to cry over spilt milk.
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@ghostlander said:
@kelsey I see you suggest nothing actually. There is no use to cry over spilt milk.
seeing how i haven’t even presented my ideas yet.
