Topic: Miners - Please give Feathercoin (FTC) some love right now (Read 1529 times)

FTC is one of the few alts that has an active community & so I'm happy to help out.  With that said, us miners also need to go where the profit is to keep things economical (especially here in Aus when I'm paying $0.30 per KWH!)

Pointing 1Mh/s at it for a little while to help speed up the trip to 33000 (about a third of my mining capability, the rest stays on WDC )

Cheers

The problem we're seeing with FTC is usually only a problem early in a coins life. I don't think anyone needs to become a miner to protect the value of their BTC because it is so well established.

Young coins are highly speculative and risky until the winners and losers are sorted out.

I have quite a few FTC. I keep them on reserve for my game. But I'm not a miner.  Should non-miners have to become miners for a coin to succeed? It's not like one can just flick a switch and suddenly know how to do mining well. Some (day traders) like me simply have no idea what's involved with setting up the hardware, software for it, etc.

If FTC is going to die without novices botching together some hashes, then please tell me so I can just sell up.

To extend the argument further, should my grandfather have to learn about mining, to protect the value of his 2 btc?

From a purely selfish perspective, if you don't currently have any FTC, you shouldn't. 6572800 coins have already been mined, and someone has to have these coins at the moment.

Sending hashes your way.

If the currency cannot support itself then it should die. Why would I help put this coin on life-support?

If people aren't willing to mine to protect the value of the coins they own, they deserve for them to be worthless.

The crypto nerds say FTC is dead, clearly it must be true.   Come visit our community and get a quick education... there's more than just this little bubble my friends.

Miners, please give [insert coin that I have lots of] some love!

Time will tell. These are very interesting times for cryptocoins. We're watching the sausage get made here, folks...  

FeatherCoin is dead. Let it rest in peace 

 exactly and just editing a few variables in an existing coin software is not going to cut it.  It needs to be rebuilt from the ground up.  I have my own thoughts on how to handle the propagation issue you mentioned.  I'm rewriting some of the bitcoin coin code, only taking what I think is useful but its a full redevelopment.  I'm playing with my own distributed network.  So far its promising.  I'm not sure how it will scale and I have other issues that I need to iron out before it can be a functional tool.  miner abandonment for one.  

Feathercoin needs to stay dead. Nothing but a pointless clone.

Worldcoin was broken by design from day one. I don't take any coin seriously that has 15 second block times (orphan city). I hope WDC never makes it to an exchange.

In most cases, 15 seconds is not even long enough for a block to propagate across the entire WDC network.

Miners are results oriented.  They only react to what is profitable.  The feathercoin community was not aggressive enough with establishing it as a currency.  Games, pools and an exchange are not enough.  It requires that the developers establish relationships with vendors to carry the currency. 

If there are no vendors then there is no reason for the public to use the currency.  When physical currencies are convenient and there already one possibly two established leaders in the digital world, what did feathercoin bring that was not already available.  And I don't mean to miners so they can get rewarded.  What did it bring to vendors to trade in it and the public to hold it as a unit of exchange.

All these digital currencies are have a very difficult path to establishment.  BTC and LTC didn't pave a way for them they made it rockier.  With so many miners out there looking to make a BTC/LTC they throw around a lot of hashing power.  A new coin does not have a year ot two to build a community around it, it has a couple weeks. 

So developers have to be smart, most of them know just enough to be dangerous and that is about it.  They need to figure out that to get a (real) currency established now (post BTC/LTC) they need to weaken early (first year) mining rewards, provide fast confirmations, and put 90% of their time giving vendors and the public incentives to adopt the currency.  Getting on the exchange is not a goal.  Getting in Joe Q. Public's hands is THE goal.

If they don't they will all die like FTC.  Worldcoin is already on that path as it has done nothing to establish itself.

If all scrypt based coins die, that will be a true statement, but I have yet to see anyone release an ASICs device that can mine a scrypt based coin. LTC is doing well right now and may hit Mt. Gox soon, but the difficulty is going through the roof which is why another viable scrypt based coin should be a good thing for GPU miners.

you mean affordable right?

When ASIC chips are widely available to everyone, GPU mining will be completely pointless.

I just hope there are more viable scrypt based alt coins in the future.

I hope we don't end up in a situation where ASIC miners dominate Bitcoin, and GPU miners fight over Litecoin scraps, but that seems like the direction we're headed...

If it was a couple % lower profitability than BTC/LTC mining then maybe i might, but when its 50% less.... no thanks.