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    Time to retarget

    Feathercoin Discussion
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    • D
      DeadZebra Regular Member last edited by

      haha so they’re just going to hop in and out the whole time? that’s not legit haha.

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      • S
        ShadowEW last edited by

        [quote name=“DeadZebra” post=“1253” timestamp=“1367915784”]
        haha so they’re just going to hop in and out the whole time? that’s not legit haha.
        [/quote]
        It makes logical sense, why mine the coin which is going to take you over twice as long now and provide around 1/4 of the profit that it did. Any sensible person who’s using cryptographic currencies as a way to make money will always move their hardware around to the most profitable coin.
        Swings and roundabouts, just stick with it and reap the rewards in the longterm. Casual miners are the ones who will ALWAYS lose out. >.<

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        • U
          UKMark last edited by

          Yup other than owning 20+ x 7990’s there isn’t really much we can do about it :)
          It’s annoying to think we will get through these next 2016 blocks ‘slowly’ but ‘surely’ only to be owned by the bigger rigs when they jump back on the profitability train, and then once again we will be left to mop up the shit they leave behind for us :-\

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            ShadowEW last edited by

            [quote name=“UKMark” post=“1257” timestamp=“1367917035”]
            Yup other than owning 20+ x 7990’s there isn’t really much we can do about it :)
            It’s annoying to think we will get through these next 2016 blocks ‘slowly’ but ‘surely’ only to be owned by the bigger rigs when they jump back on the profitability train, and then once again we will be left to mop up the shit they leave behind for us :-\
            [/quote]
            Mhmm, unfortunately that’s just how it’ll have to be. At best I can toodle along at 1mhash with my 7970s but until the weekend it’ll be casual mining as usual from me.
            I wish I had the money to put more investment into FTC for you all but that’s not going to happen for a few years yet :x

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            • D
              DeadZebra Regular Member last edited by

              Well I’m in for the long term and not for a quick buck. I wish more people saw the long term potential rather than quick gains pumping and dumping coins all over the show.

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              • A
                Armandoke last edited by

                It’s not good for followers of a specific coin that hopping is so easy

                Mine a lot with their supper rigs until the diff is to high and let the long term people clean it up.
                For now the confirmations are too slow to keep Feathercoin up and running.
                Retargets should be quicker if the hash rates drop like they did now.

                It’s the people with a lot of money and hardware that can benifit from crypto so why is it different from the large banks / governements this way.
                The big get bigger whilst the small keep struggling.

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                • D
                  DeadZebra Regular Member last edited by

                  When do you think we will make it to the next difficulty? it’s sitting at 11 days now.

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                  • S
                    ShadowEW last edited by

                    [quote name=“DeadZebra” post=“1271” timestamp=“1367922132”]
                    When do you think we will make it to the next difficulty? it’s sitting at 11 days now.
                    [/quote]
                    At it’s current pace and decline, I’m expecting something around the 14-21 day figure myself. Although, do note that’s my personal view of it all. :P

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                    • U
                      UKMark last edited by

                      [quote name=“ShadowEW” post=“1275” timestamp=“1367922799”]
                      [quote author=DeadZebra link=topic=249.msg1271#msg1271 date=1367922132]
                      When do you think we will make it to the next difficulty? it’s sitting at 11 days now.
                      [/quote]
                      At it’s current pace and decline, I’m expecting something around the 14-21 day figure myself. Although, do note that’s my personal view of it all. :P
                      [/quote]

                      Yup, I’ll still be here with my piddly 1.3mH/s though even if I’m the last [s]man[/s] miner standing :)

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                      • D
                        DeadZebra Regular Member last edited by

                        [quote name=“UKMark” post=“1281” timestamp=“1367924089”]
                        [quote author=ShadowEW link=topic=249.msg1275#msg1275 date=1367922799]
                        [quote author=DeadZebra link=topic=249.msg1271#msg1271 date=1367922132]
                        When do you think we will make it to the next difficulty? it’s sitting at 11 days now.
                        [/quote]
                        At it’s current pace and decline, I’m expecting something around the 14-21 day figure myself. Although, do note that’s my personal view of it all. :P
                        [/quote]

                        Yup, I’ll still be here with my piddly 1.3mH/s though even if I’m the last [s]man[/s] miner standing :)
                        [/quote]

                        haha I need my second rig to arrive so that I can help out some more.

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                        • A
                          Armandoke last edited by

                          Pool Hashrate: 126.83 MH/s

                          Network Hashrate: 985.06 MH/s

                          Hashrate keeps going down, so I also expect the retarget to increase to 16-18 days :-(

                          And then all major hashrates will mine it again to an exploding diff to drop out again afterwards

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                          • D
                            DeadZebra Regular Member last edited by

                            [quote name=“Armandoke” post=“1309” timestamp=“1367933591”]
                            Pool Hashrate: 126.83 MH/s

                            Network Hashrate: 985.06 MH/s

                            Hashrate keeps going down, so I also expect the retarget to increase to 16-18 days :-(

                            And then all major hashrates will mine it again to an exploding diff to drop out again afterwards
                            [/quote]

                            Yeah this might be a problem until the FTC/BTC exchange rate stabilizes

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                            • S
                              sheepson Regular Member last edited by

                              [quote name=“DeadZebra” post=“1310” timestamp=“1367933979”]
                              [quote author=Armandoke link=topic=249.msg1309#msg1309 date=1367933591]
                              Pool Hashrate: 126.83 MH/s

                              Network Hashrate: 985.06 MH/s

                              Hashrate keeps going down, so I also expect the retarget to increase to 16-18 days :-(

                              And then all major hashrates will mine it again to an exploding diff to drop out again afterwards
                              [/quote]

                              Yeah this might be a problem until the FTC/BTC exchange rate stabilizes
                              [/quote]

                              Yes and LTC/FTC

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                              • D
                                DeadZebra Regular Member last edited by

                                [quote name=“sheepson” post=“1313” timestamp=“1367934348”]
                                [quote author=DeadZebra link=topic=249.msg1310#msg1310 date=1367933979]
                                [quote author=Armandoke link=topic=249.msg1309#msg1309 date=1367933591]
                                Pool Hashrate: 126.83 MH/s

                                Network Hashrate: 985.06 MH/s

                                Hashrate keeps going down, so I also expect the retarget to increase to 16-18 days :-(

                                And then all major hashrates will mine it again to an exploding diff to drop out again afterwards
                                [/quote]

                                Yeah this might be a problem until the FTC/BTC exchange rate stabilizes
                                [/quote]

                                Yes and LTC/FTC
                                [/quote]

                                I think FTC/LTC would be awesome to exchange directly :)

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                                • S
                                  sheepson Regular Member last edited by

                                  It’s here: https://cryptonit.net/exchange/ltc/ftc

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                                  • D
                                    DeadZebra Regular Member last edited by

                                    [quote name=“sheepson” post=“1319” timestamp=“1367935075”]
                                    It’s here: https://cryptonit.net/exchange/ltc/ftc
                                    [/quote]

                                    Thanks man! Do you think BTC-E would implement something like this sometime?

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                                    • S
                                      ShadowEW last edited by

                                      Those last few exchanges have been quite bad. Could of gotten ~5FTC more on this transaction:

                                      LTC Rate FTC
                                      2.04487531 0.085 24.05735662

                                      Going LTC -> BTC -> FTC
                                      2.04488 LTC -> 0.0608324 BTC -> 29.0683 FTC
                                      @ BTC-E

                                      :P

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                                      • D
                                        DeadZebra Regular Member last edited by

                                        [quote name=“ShadowEW” post=“1323” timestamp=“1367935412”]
                                        Those last few exchanges have been quite bad. Could of gotten ~5FTC more on this transaction:

                                        LTC Rate FTC
                                        2.04487531 0.085 24.05735662

                                        Going LTC -> BTC -> FTC
                                        2.04488 LTC -> 0.0608324 BTC -> 29.0683 FTC
                                        @ BTC-E

                                        :P
                                        [/quote]

                                        Going LTC -> BTC -> FTC :) yeah this is how I’m trading at the moment.

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                                        • D
                                          DeadZebra Regular Member last edited by

                                          These days are going up lol

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                                          • S
                                            sheepson Regular Member last edited by

                                            Yeah >:( the new difficulty will be very low tho, probally alot of miners will come back then.

                                            As shadow said, they will be hopping on and off then…

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