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Topic: How many Feathercoins were mined the first day (24 hours) 1 million or 2 million - page 2. (Read 3376 times)

newbie
Activity: 42
Merit: 0
You want to talk fair? Three days isnt enough for some people that didnt have their mining stuff ready yet. For some, it took weeks, for some they had to wait for parts, etc.

Three days is better than the Zero days Feathercoin provided........

People are always just now finding out about crypto currency and buying/waiting on hardware. I'm talking about people already in the cryptocoin community and ready and willing to accept new currencies.

That is just not a good way to start off.... hey by the way guys, I just started a new currency... yeah I might be mining the heck out of it as I type this post, but who cares... it's fair!

Three days vs zero days, a lot of people knew about cryptos by now, even I knew about, and I was ready and prepared, and lurked in this forum for quite some time before jumping onto FC and mining it, hence a couple thousands of coins from 200kh off a laptop gpu. A lot of people had their fair chance to browse this forum everyday, if they didnt decide to have their mining stuff ready like I did, then too bad for them. I felt that way when i first saw bitcoins, now, i learned from that mistake.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
Your logic is so far off base, I don't know where to start.  3 days notice give every nerd with a mining rig the opportunity to essentially rape it from day 1.  I don't have a mining rig, I happened to stumble upon it from a comment in BTC-e and bought my fair share.  Too many here feel they are entitled because they happen to sit around all day and post in the forums. The coin was released, a community built around it, get over it.

You don't get my point... announcing it a few days ahead of time gives "people that feel entitled because they happen to sit around all day and post in the forums" less power and distributes the coins more evenly to regular users...

Too bad you don't have a mining rig... that's not our fault. Are we supposed to wait until we get notice from you to launch any new cryptocurrency?

PS: I wasn't around for more than half a year after Litecoin was released... I'm not complaining. I know the initial release was fair, so I'm happy with it. Bitcoin release was even more fair than Litecoin, being announced months before the genesis block was mined.
full member
Activity: 154
Merit: 100
CoinTropolis
You want to talk fair? Three days isnt enough for some people that didnt have their mining stuff ready yet. For some, it took weeks, for some they had to wait for parts, etc.

Three days is better than the Zero days Feathercoin provided........

Your logic is so far off base, I don't know where to start.  3 days notice give every nerd with a mining rig the opportunity to essentially rape it from day 1.  I don't have a mining rig, I happened to stumble upon it from a comment in BTC-e and bought my fair share.  Too many here feel they are entitled because they happen to sit around all day and post in the forums. The coin was released, a community built around it, get over it.
full member
Activity: 154
Merit: 100
CoinTropolis
So it took barely over one full day to mine 1% of all Feathercoins that will ever be in existence?

It's less than 1%.  Think about it, there was still more than 99% left to mine after the first day.

VERY poor excuse for premining of a new useless currency. Smells like total scamcoin.

My favorite troll from BTC-e, good to see you Swede!
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
You want to talk fair? Three days isnt enough for some people that didnt have their mining stuff ready yet. For some, it took weeks, for some they had to wait for parts, etc.

Three days is better than the Zero days Feathercoin provided........

People are always just now finding out about crypto currency and buying/waiting on hardware. I'm talking about people already in the cryptocoin community and ready and willing to accept new currencies.

That is just not a good way to start off.... hey by the way guys, I just started a new currency... yeah I might be mining the heck out of it as I type this post, but who cares... it's fair!
newbie
Activity: 42
Merit: 0
You want to talk fair? Three days isnt enough for some people that didnt have their mining stuff ready yet. For some, it took weeks, for some they had to wait for parts, etc.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
Exactly... Litecoin was announced 3 days ahead of time for everyone to test their mining settings on the Litecoin testnet before actually launching the coin. There were a lot more people mining it from its inception, making it more evenly distributed.

Feathercoin gets announced and people immediately start mining it and/or were ready to go right from the OP. Whereas others don't see it for a day or two, or have trouble setting up their configs, etc..

Litecoin's release was much fairer than Feathercoin's release. If a new cryptocurrency wants to make it nowadays, they must follow the same standards as Litecoin and Bitcoin have followed as far as giving public notice before actually launching the chain.
newbie
Activity: 42
Merit: 0
I actually got about 10k from mining with an M7820 (: Go me.
sr. member
Activity: 518
Merit: 250
Haha, watch the trolls: If feathercoins werent that successfull, you would all laugh at the miner and tell them how they wasted so much eletricity for nothing, how they are all so dump etc.
erk
hero member
Activity: 826
Merit: 500


There also was not MASSIVE hash power. Block difficulty was super low, anyone with a hasher and low expiry settings was getting blocks.

Correct, I had no trouble cutting over a small litecoin rig to see what it was all about, and mining some coins. atm I am not taking it seriously until someone like BTC-e supports it, but I will still mine a few hundred FC just in case one day it takes off, same as I did with BTC back in July 2011.




member
Activity: 70
Merit: 10

Announcement in the middle of the night and few miners with MASSIVE hash power mining 3 million coins in less than a day. Yeah, not scammy at all.

The announcement wasn't in the middle of the night, it was right in the middle of US daytime. 2:20pm on the east coast. Stop trying to spread misinformation.



There also was not MASSIVE hash power. Block difficulty was super low, anyone with a hasher and low expiry settings was getting blocks.
erk
hero member
Activity: 826
Merit: 500

Announcement in the middle of the night and few miners with MASSIVE hash power mining 3 million coins in less than a day. Yeah, not scammy at all.

The announcement wasn't in the middle of the night, it was right in the middle of US daytime. 2:20pm on the east coast. Stop trying to spread misinformation.



full member
Activity: 224
Merit: 100

Wich has just been proven to be not enough, Someone should not be able to just "collect" 1% of an Entire Currency's Fixed amount in 24 hours

Who says it was "someone" if you check the blockchain info you will see that it was lots of miners as it should be. The announcement was in a public forum, so nobody had a head start, if you missed out then don't cry here, you have 98.5% of the coins to mine, off you go.







Announcement in the middle of the night and few miners with MASSIVE hash power mining 3 million coins in less than a day. Yeah, not scammy at all.
full member
Activity: 224
Merit: 100
So it took barely over one full day to mine 1% of all Feathercoins that will ever be in existence?

It's less than 1%.  Think about it, there was still more than 99% left to mine after the first day.

VERY poor excuse for premining of a new useless currency. Smells like total scamcoin.
sr. member
Activity: 341
Merit: 250

Wich has just been proven to be not enough, Someone should not be able to just "collect" 1% of an Entire Currency's Fixed amount in 24 hours

Who says it was "someone" if you check the blockchain info you will see that it was lots of miners as it should be. The announcement was in a public forum, so nobody had a head start, if you missed out then don't cry here, you have 98.5% of the coins to mine, off you go.


5 seconds public notice before launch with planned, low difficulty may mean it wasn't *technically* a pre-mine, but it was *effectively* a pre-mine.

(And I say that as someone who owns a few; I'd like to see it succeed despite the scammy intro.)
erk
hero member
Activity: 826
Merit: 500

Wich has just been proven to be not enough, Someone should not be able to just "collect" 1% of an Entire Currency's Fixed amount in 24 hours

Who says it was "someone" if you check the blockchain info you will see that it was lots of miners as it should be. The announcement was in a public forum, so nobody had a head start, if you missed out then don't cry here, you have 98.5% of the coins to mine, off you go.





newbie
Activity: 42
Merit: 0
So it took barely over one full day to mine 1% of all Feathercoins that will ever be in existence?
And 10 days have passed and we haven't reached 2% yet. Just like the cryptos that have come before it, there is an automatic difficulty adjustment every x number of blocks.



Wich has just been proven to be not enough, Someone should not be able to just "collect" 1% of an Entire Currency's Fixed amount in 24 hours

Say that to MinCoin, 500 reward first day.
legendary
Activity: 1428
Merit: 1001
Okey Dokey Lokey
So it took barely over one full day to mine 1% of all Feathercoins that will ever be in existence?
And 10 days have passed and we haven't reached 2% yet. Just like the cryptos that have come before it, there is an automatic difficulty adjustment every x number of blocks.



Wich has just been proven to be not enough, Someone should not be able to just "collect" 1% of an Entire Currency's Fixed amount in 24 hours
sr. member
Activity: 341
Merit: 250
As far as Im concerned, any substantial premine or instamine without alerting the community prior to launch means the coin is DOA.

Just an attempt by the developer to make a few quick bucks of some hapless folks.

I wouldnt touch FC personally. If you want real value, buy LTC.

I don't doubt the author and his buddies set up multiple mining rigs+addresses to mine from the start.  I'm mining some at the moment, but I guess I too feel Feathercoin is tainted because there was no forwarning, or pre-announcement.  The first blocks were being found every 5-10 seconds, so instantmine indeed.   I had no idea it was almost 3 million though.

Definitely has a scammy feel to it; but hopefully in the long run FTC will nonetheless fill a role in the crypto world.
hero member
Activity: 756
Merit: 500
But, there's going to be 336 million coins, we'll see how it works out.  Yeah the no pre announcement wasn't the best.
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