Did FeatherCoin Die? or do you guys just not mine any more?
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Coin of the week has been a long tradition at GridSeed Wholesale, Every week we feature a new coin as our coin of the week offering discounts on gridseed miners, and free consumer/retialer marketing and awareness for that coin. Every week we post the next coin of the week on their respective sub reddit, and in turn do free marketing based on how many sales we recieve based on that particular coin.
Two weeks ago we chose MemoryCoin, a coin we all know for sure now is 99.999% dead, but even they had 1 order in that week. With 24 hours left to go with FeatherCoin as coin of the week, we have received 0 orders from the community and furthermore 0 chatter on the thread. So, we have to ask, is FeatherCoin more dead than MemoryCoin? Or did you guys just quit mining? That question is not out of sarcasim though it may seem like it. We track the coins we feature as it helps us to better select the future coin of the week for others, and we have to say we are SHOCKED at the lack of response from this community and are trying to find out why.
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We are busy changing the hashing algorithm from scrypt to NeoScrypt essentially making Feathercoin ASIC resistant again. Scrypt mining is plagued with multipool hopping and the switch should give GPU miners a chance and also help keep our mining base decentralised. As one negative effect of ASICs so far has been to reduce the overall number of miners essentially pricing normal miners out of the market and making mining into a much more high stakes arena.
Thanks for the offer I know of quite a few of our members who do use ASICs. I don’t monitor the market but it may be that your offer was not as good value as your competition or perhaps all our members are happy with their current mining power.
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It’s not “FUD” as you want to brand it, its a question, and your response although immature answered it.
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No, on the contrary, Feathercoin is switching to a more advanced hashing algorithm, Neoscrypt. This will make the existing rigs and ASICs tuned for Scrypt obsolete, that’s why they don’t sell anymore. We are waiting for a GPU mining algorithm, after which we have agreed to hard-fork Feathercoin to Neoscrypt.
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It’s not “FUD” as you want to brand it, its a question, and your response although immature answered it.
We are switching to ASIC resistant algo as we speak. With that said it is obvious ftc miners are not the biggest ASIC fans.
- iawgoM is right, your miners are way to expensive. But what troubles me even more is that they will literally become
useless garbage in few months (as this is fate of all ASICS). Do you really belive somebody will ROI your product by mining and selling only
(without speculative trading part)??
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Hi and welcome to Feathercoin -
I’ve already got gridseeds. But we’re re spending all our time and energy on developing our own hashing algorithm to keep Feathercoin secure. Neoscrypt is open source so you will be free to build a neoscrypt ASIC.
