\[Superseded by 0.6.4.4\] Feathercoin 0.6.4 - Hard Fork at block 33,000
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Should make a massive boost to the price of the coin, been spamming btce troll box with the bounty just to try promote lol got myself banned for it
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[quote name=“ice098” post=“4599” timestamp=“1369088649”]
Should make a massive boost to the price of the coin, been spamming btce troll box with the bounty just to try promote lol got myself banned for it
[/quote]:)
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Ah, so close:
32,876 // Just 4 beside! LoL :)
32,831
32,825
32,769
32,445Thanks guys for this great idea!
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Just hit 32900, 100 left to fork, go go FTC.
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Why are you adjusting the difficulty faster than LTC? Aren’t there 4x as many possible FTC as LTC? The difficulty should increase slower not faster. You will just bottleneck the system again. Difficulty will rise faster than coin usefulness and miners will jump ship.
The reason for these issues with TRC and FTC is that unlike BTC and lesser extent LTC, the mining power and potential miners is already there and competing coins are already in place. With BTC the miners and hashing power grew somewhat steadily over time from only a few people. I think something fundamentally different needs to be done with the way additional altcoins are mined for them to be successful. They need to use completely different tech - not cpus or gpus - or at least make them use cpus/gpus substantially different so that you can’t just toss your hardware over to a pool or solo operation. The mining of additional altcoins requires additional investment in new types of mining “tools” to maintain market equilibrium.
Edit: I guess I stated that incorrectly regarding the difficulty increase - I am talking about something different than what you are.
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I understand that there is a circuit breaker: the difficulty wont change more than 41% in each instance. In a worst case scenario, everybody jumps on FTC and difficulty rises sky high in several steps. Afterwards, there won’t be 2016 blocks to mine away with 2 Radeon’s and a lost ASIC until difficulty goes to a more realistic level, but 5xx (again, with the 41% damper each time).
In the end, it should result in less trouble in case of sudden, massive mining power. I hope the difficulty reset rate is sufficient not to run into trouble with too many orphaned blockchains. It seems that a couple of hundred blocks should be okay in this respect. We will find out sooner or later.
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There’s hope ;)
Average time to find a block is going down considerably.
X-Axis: Block number
Y-Axis: Time to find a block in minutes[img]http://img824.imageshack.us/img824/3297/20130521210005.png[/img]
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[url=https://hynodeva.com]https://hynodeva.com[/url] Mining Pool has updated the client, waiting for the fork.
We have switched all system internal miners to FTC, ready for a recovering coin.Happy Mining
btw. we have extended the duration of our low fee period to June 1st.
(3 % PPS, 0.1% Prop.)hynodeva dev
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[quote name=“hynodeva” post=“5399” timestamp=“1369227764”]
[url=https://hynodeva.com]https://hynodeva.com[/url] Mining Pool has updated the client, waiting for the fork.
We have switched all system internal miners to FTC, ready for a recovering coin.Happy Mining
btw. we have extended the duration of our low fee period to June 1st.
(3 % PPS, 0.1% Prop.)hynodeva dev
[/quote]Thank you for the update!
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65 blocks to go!
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[quote name=“justabitoftime” post=“5434” timestamp=“1369233920”]
65 blocks to go!
[/quote]
60 blocks to go. -
[quote name=“Radacoin” post=“5009” timestamp=“1369163041”]
[img]http://img824.imageshack.us/img824/3297/20130521210005.png[/img]
[/quote]I can has .php?
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59 blocks to go.
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[quote name=“Vigil” post=“4996” timestamp=“1369158801”]
Why are you adjusting the difficulty faster than LTC? Aren’t there 4x as many possible FTC as LTC? The difficulty should increase slower not faster. You will just bottleneck the system again. Difficulty will rise faster than coin usefulness and miners will jump ship.The reason for these issues with TRC and FTC is that unlike BTC and lesser extent LTC, the mining power and potential miners is already there and competing coins are already in place. With BTC the miners and hashing power grew somewhat steadily over time from only a few people. I think something fundamentally different needs to be done with the way additional altcoins are mined for them to be successful. They need to use completely different tech - not cpus or gpus - or at least make them use cpus/gpus substantially different so that you can’t just toss your hardware over to a pool or solo operation. The mining of additional altcoins requires additional investment in new types of mining “tools” to maintain market equilibrium.
Edit: I guess I stated that incorrectly regarding the difficulty increase - I am talking about something different than what you are.
[/quote]We already have a few ideas.
Difficulty didn’t rise faster than coin usefulness. The mob that came had no interest in the coin to begin with. They simply dumped it and left.
Then we had to pull through slowly.Difficulty cannot rise or drop faster than 41.4% now.
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I’m happy about the fork for numerous reasons. Obviously the regulation of difficulty swing combined with more frequent retarget will help stave off slow block rates. But here’s the bigger reason.
It seems like too many people out there write off FTC as an also-ran. Countless times I’ve heard people ask “how is it different from Litecoin except there are more of them?”.
Until now the only answers we had were to talk about the awesome developer and the tremendously active community. How fast FTC elevated itself to useful parity with LTC and how we anticipate it being accepted and traded in more places than the coin it was built upon.
But those arguments often fall upon deaf ears. Few out there seem to grasp the value, the necessity of the community to push a cryptocoin’s potential.
So at least now we can trumpet the faster retargets and limited diff change. Those are technical features that can attract the naysayers. Surely some will still write FTC off, but it might be enough to turn heads that would otherwise remain uninterested.
Truly the dev and community are the biggest assets of FTC, but the technicals may act as the hook that reels the doubters into the fold.
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[quote name=“dgiors” post=“5639” timestamp=“1369285917”]
I’m happy about the fork for numerous reasons. Obviously the regulation of difficulty swing combined with more frequent retarget will help stave off slow block rates. But here’s the bigger reason.It seems like too many people out there write off FTC as an also-ran. Countless times I’ve heard people ask “how is it different from Litecoin except there are more of them?”.
Until now the only answers we had were to talk about the awesome developer and the tremendously active community. How fast FTC elevated itself to useful parity with LTC and how we anticipate it being accepted and traded in more places than the coin it was built upon.
But those arguments often fall upon deaf ears. Few out there seem to grasp the value, the necessity of the community to push a cryptocoin’s potential.
So at least now we can trumpet the faster retargets and limited diff change. Those are technical features that can attract the naysayers. Surely some will still write FTC off, but it might be enough to turn heads that would otherwise remain uninterested.
Truly the dev and community are the biggest assets of FTC, but the technicals may act as the hook that reels the doubters into the fold.
[/quote]Justabitoftime JUST BLEW ME AWAY when I saw him on trollbox. I could not believe he was that motivated. Reminded me of early litecoin. The technicals will bring in the miners.
We are 2x what we had just 2 days ago.
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[quote name=“zerodrama” post=“5642” timestamp=“1369288442”]
Justabitoftime JUST BLEW ME AWAY when I saw him on trollbox. I could not believe he was that motivated. Reminded me of early litecoin. The technicals will bring in the miners.
We are 2x what we had just 2 days ago.
[/quote]I love it.
[sycophant]
Allow me to thank the entire team, but most of all Bushstar for taking the long-view. It’s easy to launch a crypto for quick gain, but it’s a labor of love to nurture it for the future. Thanks for taking quick action doing what needed to be done by creating the fork. The BTC reward was a stroke of genius too.
[/sycophant]Kudos to all who stuck with FTC through better and worse.
Now let’s get everybody fired up for the crypto we love best! -
You know why this coin will be a success? Because compared to all the other coins we have [b]such a great community![/b]
Where is the WorldCoin community? Where is the PowerCoin community? Has anyone even seen the creator of CHCNCoin ever again? Vanished after the first day.
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10 blocks to go. hell yeah.
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Wont be long now :D
