Life Support (Updated with hash donators)

justabitoftime

[quote name=“Radacoin” post=“2617” timestamp=“1368299640”]
Dude you have to provide a fix [b]ASAP[/b].

We are losing precious time and miners every hour!
[/quote]

A solution has been established, Bushstar wants to run it against a well known developer in the community before implementing. I understand the urgency, however, we need to make sure this hard fork is done correctly. The retarget is a big deal and something we want to make sure is mapped out perfectly. As Bushstar mentioned, we want to make sure we don’t become bubblecoin with huge leaps in difficulty and left in the dust.

With ASICs starting to push GPU big-rigs and apps to auto mine the most profitable coin, I don’t a little more time to make sure we do it right. If you’ve been following LTC, it’s difficulty is about to cause quite a stir.

svennand

Is it meaningless to mine feathercoins now before the new fork comes out?
Should i redirect my miners to ltc and wait for the new fork to come out?

raptorak

[quote name=“justabitoftime” post=“2620” timestamp=“1368300115”]
[quote author=Radacoin link=topic=364.msg2617#msg2617 date=1368299640]
Dude you have to provide a fix [b]ASAP[/b].

We are losing precious time and miners every hour!
[/quote]

A solution has been established, Bushstar wants to run it against a well known developer in the community before implementing. I understand the urgency, however, we need to make sure this hard fork is done correctly. The retarget is a big deal and something we want to make sure is mapped out perfectly. As Bushstar mentioned, we want to make sure we don’t become bubblecoin with huge leaps in difficulty and left in the dust.

With ASICs starting to push GPU big-rigs and apps to auto mine the most profitable coin, I don’t a little more time to make sure we do it right. If you’ve been following LTC, it’s difficulty is about to cause quite a stir.
[/quote]

How will the hard fork affect mining pools? Will we need to stop mining at our pool for a while until fixes are made, or can we just continue with no negative impact?

Also, how will it impact our older earnings (ex. I don’t keep my FC client open, just open it every few days to get the latest transactions).

zerodrama

[quote name=“justabitoftime” post=“2620” timestamp=“1368300115”]
[quote author=Radacoin link=topic=364.msg2617#msg2617 date=1368299640]
Dude you have to provide a fix [b]ASAP[/b].

We are losing precious time and miners every hour!
[/quote]

A solution has been established, Bushstar wants to run it against a well known developer in the community before implementing. I understand the urgency, however, we need to make sure this hard fork is done correctly. The retarget is a big deal and something we want to make sure is mapped out perfectly. As Bushstar mentioned, we want to make sure we don’t become bubblecoin with huge leaps in difficulty and left in the dust.

With ASICs starting to push GPU big-rigs and apps to auto mine the most profitable coin, I don’t a little more time to make sure we do it right. If you’ve been following LTC, it’s difficulty is about to cause quite a stir.
[/quote]

Huge leaps in difficulty is constipated coin. Bubblecoin is difficulty moving up too slow vs hashrate. You have to fight both tendencies. That’s why it should have a normal mode and an evasive action mode.

Bushstar

The fork will be done in a seamless way. People update their clients and carry on as normal. When we hit a certain block the new difficulty adjust will start working, at this point old clients will not be compatible.

The only thing you need to do is update your clients when the new version is released.

svennand

has the new client been released?

UKMark

[quote name=“DigitalDoom” post=“2631” timestamp=“1368303292”]
[quote author=Bushstar link=topic=364.msg2629#msg2629 date=1368303131]
The fork will be done in a seamless way. People update their clients and carry on as normal. When we hit a certain block the new difficulty adjust will start working, at this point old clients will not be compatible.

The only thing you need to do is update your clients when the new version is released.
[/quote]

OK…where do we get that new client? I just updated a couple days ago…is there another new one now? And if so, where do I get it?
[/quote]

No there is no new client yet, bush will announce when and what needs to be done, when it’s ready to be done. 8)

UKMark

[quote name=“svennand” post=“2632” timestamp=“1368303746”]
has the new client been released?
[/quote]

Don’t you start :D

UKMark

@DigitalDoom
They won’t be worthless, otherwise no-one would still be buying them, me included. :)

justabitoftime

[quote name=“DigitalDoom” post=“2637” timestamp=“1368304352”]
[quote author=justabitoftime link=topic=364.msg2406#msg2406 date=1368257042]
[quote author=DigitalDoom link=topic=364.msg2390#msg2390 date=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.
[/quote]

Sorry, I just checked the responses to my post yesterday. That may have come across wrong…I was really frustrated…still am! I’ve been putting much of my own effort into mining FTC with the faith that it will pay off in the end. However, it has so far returned very little. I couldn’t even connect a miner for about 2-3 days last week and became convinced the whole coin just vanished after hitting the exchanges.

Trying to keep up with things, but it’s difficult for someone who doesn’t have a lot of free time to put into keeping up. I just downloaded the new client 2 days ago and now being told another one will need to be downloaded…it’s a lot to try and keep up on.

Now there’s going to be a “hard fork”? Which sounds to me like my previously mined coins will become worthless and a new one is being introduced under the same name.

I don’t know…maybe trying to help out with a new coin is better left to those with more free time to invest. I can’t seem to keep up with all the changes and news being announced. It’s quite frustrating and I totally see why people have their doubts about new coins. Hell, I’ve had a hard enough time just trying to keep track of where everyone is…this is the 3rd forum I’ve tracked FTC through.
[/quote]

People have doubts because they’re mainly younger males who like the ‘My team rocks, your team sucks’ type mentality. Now, for the rest of the reasonable people… yes, new coins haven’t had the same opportunity to mature as something like Bitcoin. Now, looking back at Bitcoin’s history, that path wasn’t completely smooth sailing either.

Your coins will be fine, a new client coming soon. As far as 3 forums, feel free to just spend time with us… we’ll keep you in the know. Too much FUD out there on certain sites, we’re handling business here locally. While I can appreciate the ‘microwave generation’, it doesn’t hurt for us to take a step back and make smart decisions. I can’t imagine going to my former board of directors and trying to ram a solution down their throats.

Saving? That implies this coin is somehow dying. No. We have a full time developer, I’m treating this as a 2nd job (credentials in the ‘what do you do for a living’ section) and a community that’s second to none. I realize there’s some in the crypto world that wishes we’d just go away, well, it’s nice to dream. :)

If we can help you with anything specific, please let us know. I expect an announcement in the next 48 hours.

justabitoftime

It’s an interesting time in cryptos:

ASICs coming online
GPU miners moving to scrypt coins
Tools to autojump between most profitable mining
LTC difficulty sky rocketing

Everyone has a right to be nervous. All I can say is I’m not going anywhere… as long as I have a community behind me. I’ll do and spend whatever it takes to move us forward. I’ve hired quite a few people outside the community for projects help, I’m okay with bringing in resources.

Cheers to all of us.

deroekeloze

just grabbed some more *cheap* coins and pointed the lowly 6850 in my wife’s box to the pool. i figure i’ll try to fry it mining FTC like i did with the 6870 that it used to share the box with. maybe she won’t kill me should i let the smoke out of her remaining card 8)

justabitoftime

[quote name=“DigitalDoom” post=“2646” timestamp=“1368306618”]
[quote author=justabitoftime link=topic=364.msg2642#msg2642 date=1368305339]
[quote author=DigitalDoom link=topic=364.msg2637#msg2637 date=1368304352]
[quote author=justabitoftime link=topic=364.msg2406#msg2406 date=1368257042]
[quote author=DigitalDoom link=topic=364.msg2390#msg2390 date=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