[RE-ANN][FCK] ★FCKBANKS REBORN ★(New Devs and team) ★ - page 65.

yak

sr. member

Activity: 266

Merit: 250

Quote from: teksensei on February 15, 2014, 11:43:00 AM

Quote from: feomat on February 15, 2014, 10:25:11 AM

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

that's one fact people always think but in reality it often looks different and people are leaving coins. Look at Doge atm dunno if its only temporarily but many moved to panda because doge halved.

Doge is still profitable so there are still quite a few 250,000+ k/hash farms hitting it. Panda mining is hard on cards, it'll slow down as it kills them off. These things just aren't moving at the moment.

please don't compare fckbanks to a coin where the creator is a known fraud who will likely be in prison soon.

teksensei

full member

Activity: 153

Merit: 100

Quote from: feomat on February 15, 2014, 10:25:11 AM

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

that's one fact people always think but in reality it often looks different and people are leaving coins. Look at Doge atm dunno if its only temporarily but many moved to panda because doge halved.

Doge is still profitable so there are still quite a few 250,000+ k/hash farms hitting it. Panda mining is hard on cards, it'll slow down as it kills them off. These things just aren't moving at the moment.

feomat

full member

Activity: 196

Merit: 100

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

that's one fact people always think but in reality it often looks different and people are leaving coins. Look at Doge atm dunno if its only temporarily but many moved to panda because doge halved.

yak

sr. member

Activity: 266

Merit: 250

Quote from: Nullu on February 15, 2014, 09:02:21 AM

Quote from: yak on February 15, 2014, 08:57:20 AM

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

yup, like ive been saying, slow and steady wins the race... we don't want to be another meme coin... if someone wants to mine and dump, thats their business since we can't control the miners. we aren't in this for the short term we are trying to set this up for the long term. if you are the type of person who just wants to 'mine the most profitable coin' and dump it, more power too you, but the people who do that are the people who sold doge at 30satoshi rather than making 10x that, i suspect the same will be said here

Well, if we plan to be a long-term coin, then we can't sit on our laurels and hope for the coin to gain value. We need a game plan. If we sit around hoping the price will go up, people will lose interest and move on.

yup, we will have a new official logo within the next few days, new site design will come shortly after that, we are already going to be rolling out the new version of the client within.. well the next few days as well
edit:
if any of you guys are good at marketing or internet marketing or enjoy social media let us know if you want to help spread the word, thats what we really will be needing next once we get those things more solid.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: yak on February 15, 2014, 08:57:20 AM

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

yup, like ive been saying, slow and steady wins the race... we don't want to be another meme coin... if someone wants to mine and dump, thats their business since we can't control the miners. we aren't in this for the short term we are trying to set this up for the long term. if you are the type of person who just wants to 'mine the most profitable coin' and dump it, more power too you, but the people who do that are the people who sold doge at 30satoshi rather than making 10x that, i suspect the same will be said here

Well, if we plan to be a long-term coin, then we can't sit on our laurels and hope for the coin to gain value. We need a game plan. If we sit around hoping the price will go up, people will lose interest and move on.

yak

sr. member

Activity: 266

Merit: 250

Quote from: Nullu on February 15, 2014, 08:34:16 AM

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

yup, like ive been saying, slow and steady wins the race... we don't want to be another meme coin... if someone wants to mine and dump, thats their business since we can't control the miners. we aren't in this for the short term we are trying to set this up for the long term. if you are the type of person who just wants to 'mine the most profitable coin' and dump it, more power too you, but the people who do that are the people who sold doge at 30satoshi rather than making 10x that, i suspect the same will be said here

Nullu

hero member

Activity: 532

Merit: 500

Yeah, I think the block halving will have a big impact. The reduction of new coins will help the market pricing.

It only takes the price to go up by a few Satoshis to spark a huge buying frenzy. I'm watching intently.

yak

sr. member

Activity: 266

Merit: 250

Quote from: Spekske on February 15, 2014, 07:35:55 AM

Quote from: Nullu on February 15, 2014, 06:54:02 AM

Quote from: Svangr on February 15, 2014, 06:51:28 AM

Alright, I hear you. Just thinking this coin won't blow up without a decent amount of holders, people who won't profit much from buying in at 2, rather than 1.

1 Satoshi is expecting too much. KittehCoin was pretty cheap before it took off, but it was a few Satoshis a coin for a long time. When Fckbankscoin takes off you'll wish you bought them in at 2/3 Satoshi. If the market isn't letting you have them for 1 Satoshi then it has a good reason.

Over 5 billion has already been mined and personally I will mine for a long time to come, I am not thinking for a second to sell any of my coins for the current low price, a reasonable price would be 20 and upwards.

yup, almost 10% of all fcks have been mined, 10% of the coins will be mined by friday-saturday of this coming week.

7,725,800,000fcks have been mined (which includes the premine, which we have been using for a lot of things, there is a public ledger you guys can look at so you can see)

and at a rate of 60 blocks an hour that is 6,000,000fcks an hour at the moment or 144,000,000fcks/day

the halving will be occurring roughly around march 20th at which time there will have been 10,000,000,000fcks mined total, at which time the reward will half from 100,000fcks to 50,000fcks

its a bit of a 'mexican stand off at the moment' as far as price goes, but then again we haven't even done much in the way of promotion as we are still rebuilding the foundation to be rock solid.

i can tell you tho at the moment at 2 satoshi, fcks are actually 16.75% more profitable than any other coin listed on coinwarz at the moment.

Spekske

hero member

Activity: 673

Merit: 506

Quote from: Nullu on February 15, 2014, 06:54:02 AM

Quote from: Svangr on February 15, 2014, 06:51:28 AM

Alright, I hear you. Just thinking this coin won't blow up without a decent amount of holders, people who won't profit much from buying in at 2, rather than 1.

1 Satoshi is expecting too much. KittehCoin was pretty cheap before it took off, but it was a few Satoshis a coin for a long time. When Fckbankscoin takes off you'll wish you bought them in at 2/3 Satoshi. If the market isn't letting you have them for 1 Satoshi then it has a good reason.

Over 5 billion has already been mined and personally I will mine for a long time to come, I am not thinking for a second to sell any of my coins for the current low price, a reasonable price would be 20 and upwards.

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Svangr on February 15, 2014, 06:51:28 AM

Alright, I hear you. Just thinking this coin won't blow up without a decent amount of holders, people who won't profit much from buying in at 2, rather than 1.

1 Satoshi is expecting too much. KittehCoin was pretty cheap before it took off, but it was a few Satoshis a coin for a long time. When Fckbankscoin takes off you'll wish you bought them in at 2/3 Satoshi. If the market isn't letting you have them for 1 Satoshi then it has a good reason.

Svangr

newbie

Activity: 8

Merit: 0

Alright, I hear you. Just thinking this coin won't blow up without a decent amount of holders, people who won't profit much from buying in at 2, rather than 1.

asdlolciterquit

hero member

Activity: 1666

Merit: 565

Quote from: Svangr on February 15, 2014, 06:24:13 AM

No one willing to sell at 1 satoshi on Crypto Rush?

Not profitable for miners anymore or what, I have a feeling (and looking at the 1 sat buy wall) that a lot of people are interested in this coin, but won't buy in any higher at the moment.

uhm...for me the price is too low. 2 o 3 satoshi will be ok!

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Svangr on February 15, 2014, 06:24:13 AM

No one willing to sell at 1 satoshi on Crypto Rush?

Not profitable for miners anymore or what, I have a feeling (and looking at the 1 sat buy wall) that a lot of people are interested in this coin, but won't buy in any higher at the moment.

The problem is we need profit miners as well as loyal supporters to keep the coin going, so it's not good if there are no active sells.

Svangr

newbie

Activity: 8

Merit: 0

No one willing to sell at 1 satoshi on Crypto Rush?

Not profitable for miners anymore or what, I have a feeling (and looking at the 1 sat buy wall) that a lot of people are interested in this coin, but won't buy in any higher at the moment.

Lombaqe

sr. member

Activity: 252

Merit: 250

Quote from: qiwoman on February 15, 2014, 01:09:32 AM

I still waiting for some btc to come through so I can buy more as well. I not got much money at the moment but am doing as much as I can. I would love to see a microlending with fckbankscoin like help peeps who can't pay their mortgages off or who are getting foreclosed or businesses that can't get funding from banks..If we can give them an alternative to the banks to work with..all the disenfranchised will come to us. With about building fckbankscoin coops? We all invest in a coop and we make profits and this way even the poorer peeps can get involved with a small share. I would love to be able to share with the Team my ideas ..Can we have a live brainstorming session at all? Where is the chat we can chat live?

@ Yak thanks Bro also for explaining me the wallet thingy..

yeah we've been also brainstorming that we could be helping people and who can't get help elsewhere in future.

chat is always open in http://webchat.freenode.net/?channels=%23fckbankscoin
we're nearly 24/7 there and you can come to talk about anything and share your ideas there Wink

qiwoman

sr. member

Activity: 294

Merit: 250

I still waiting for some btc to come through so I can buy more as well. I not got much money at the moment but am doing as much as I can. I would love to see a microlending with fckbankscoin like help peeps who can't pay their mortgages off or who are getting foreclosed or businesses that can't get funding from banks..If we can give them an alternative to the banks to work with..all the disenfranchised will come to us. With about building fckbankscoin coops? We all invest in a coop and we make profits and this way even the poorer peeps can get involved with a small share. I would love to be able to share with the Team my ideas ..Can we have a live brainstorming session at all? Where is the chat we can chat live?

@ Yak thanks Bro also for explaining me the wallet thingy..

Nullu

hero member

Activity: 532

Merit: 500

Quote from: Svangr on February 14, 2014, 08:03:34 PM

I'm buying into this coin now. Seems very promising. Serious community, too.

We gon' do this.

Yeah, it's starting to pick up now.

Svangr

newbie

Activity: 8

Merit: 0

I'm buying into this coin now. Seems very promising. Serious community, too.

We gon' do this.

yak

sr. member

Activity: 266

Merit: 250

Quote from: mneehon on February 14, 2014, 04:30:48 PM

Quote from: gsupp on February 14, 2014, 03:34:46 PM

Quote from: yak on February 14, 2014, 02:51:41 PM

Quote from: gsupp on February 14, 2014, 02:21:03 PM

Is it normal to be getting about 30% rejects mining this coin on http://hashattack.com:19334?

Code:

Pool: stratum+tcp://hashattack.com:19334
 Queued work requests: 5524
 Share submissions: 1847
 Accepted shares: 1337
 Rejected shares: 510
 Accepted difficulty shares: 410173
 Rejected difficulty shares: 153680
 Reject ratio: 27.6%
 Items worked on: 9295
 Discarded work due to new blocks: 10988
 Stale submissions discarded due to new blocks: 0
 Unable to get work from server occasions: 0
 Submitting work remotely delay occasions: 0

p2pool reject rate is high because of how fast shares are done, so yea its normal for p2pool, and even though the rejects are high your overall productivity is actually higher

edit: you might want to put -s 2 -q 0 in your cgminer settings as well if they arent there

Did you mean -Q 0 for setting the queue to 0? And setting the scan time to 2 seconds helps?

Thanks,
gsupp

setting expiry to 1 helps too, as does lowering the intensity. My 7970 mines with I=13 and 7950 with I=14, anything higher, and you get "higher" hash rate but more rejects and your WU actually drops. My reject rate hovers around 2-3% on better cards.

yea, generally you want to reduce your intensity by 1 for p2pool

mneehon

full member

Activity: 174

Merit: 100

Quote from: gsupp on February 14, 2014, 03:34:46 PM

Quote from: yak on February 14, 2014, 02:51:41 PM

Quote from: gsupp on February 14, 2014, 02:21:03 PM

Is it normal to be getting about 30% rejects mining this coin on http://hashattack.com:19334?

Code:

Pool: stratum+tcp://hashattack.com:19334
 Queued work requests: 5524
 Share submissions: 1847
 Accepted shares: 1337
 Rejected shares: 510
 Accepted difficulty shares: 410173
 Rejected difficulty shares: 153680
 Reject ratio: 27.6%
 Items worked on: 9295
 Discarded work due to new blocks: 10988
 Stale submissions discarded due to new blocks: 0
 Unable to get work from server occasions: 0
 Submitting work remotely delay occasions: 0

p2pool reject rate is high because of how fast shares are done, so yea its normal for p2pool, and even though the rejects are high your overall productivity is actually higher

edit: you might want to put -s 2 -q 0 in your cgminer settings as well if they arent there

Did you mean -Q 0 for setting the queue to 0? And setting the scan time to 2 seconds helps?

Thanks,
gsupp

setting expiry to 1 helps too, as does lowering the intensity. My 7970 mines with I=13 and 7950 with I=14, anything higher, and you get "higher" hash rate but more rejects and your WU actually drops. My reject rate hovers around 2-3% on better cards.

Topic: [RE-ANN][FCK] ★FCKBANKS REBORN ★(New Devs and team) ★ - page 65. (Read 103930 times)