A challenger appears.. (well, you know, meme...)

Yuudachipoi

Hey guys ! :D

New to cryptomining, I read lot of texts trying to understand how to mine and to be efficient.
Everything is ready, I just need to go back home to start mining but my knowledges on cryptomoney and on Feathercoin are still limited… :/

I saw in the forum that the money is going to be halved ?
More than halving the reward for a block, what are the consequences on the money ? The value in $ will raise ? Will the difficulty be reduced ?

I’ll mine on NSGMiner with my GTX 770 and hope to reach 400-500 kH/s (I don’t know if it’s much for this GPU) trying to get some FTC for a long term investment (I got some trust in FTC and the future of the cryptomoney in general).

Also, do you think it’s better to keep FTC and wait or to change all FTC to BTC every week, month or so…

If you have advices for a newbie like my I’ll be happy to have them ! :D

wrapper

Hi there, welcome to the forum

AcidD

Hello, welcome to the forum.

all the answers to your questions have been laid out for you here:
https://forum.feathercoin.com/topic/8523/faq-new-forum-member-most-asked-questions-try-here-first/

We like to ask newbies to check that section first as 99.9% of the time their question has already been answered there.

Feathercoin is like Bitcoin and litecoin and a host of other cryptos in that it incorporates a supply/reward drop.

Will the value in $ rise ? - I personally do not know the answer to this, basic Supply and Demand says the price should go up…but no one knows for sure.

Will the difficulty go down? it only goes down when miners move to another coin…

as far as what to do with your FTC…keep it in BTC or keep it in FTC. That decision is up to you. I personally do not tell people what to do with their own money… My advice is to keep it safe and secure…no matter what coin you decide to store your wealth in.

I hope this helps.

Yuudachipoi

Thank you for your answer :D It’s a bit “wait and see” and I’ll look to secure my money like you said.

AcidD

@Yuudachipoi said in A challenger appears.. (well, you know, meme...):

Thank you for your answer :D It’s a bit “wait and see” and I’ll look to secure my money like you said.

Well… the more volunteers we get the more progress is made.

Right now our team is busy working on the Feathercoin Core software. We do have a few different projects going that have been put aside for different reasons.

Feathercoin is not like Bitcoin or Litecoin with fully funded developers and large investors.
We are an opensource community… if you want the price to rise so badly…contribute ;-)