Topic: Why is everyone loving Feathercoin so much? - page 2. (Read 12469 times)

Someone doesn't understand how 51% attack's work...

That would be brilliant! Nobody would mine or use it though because of that reason though.

Don't forget to build in that once in a month the difficulty swings unexpectedly from high to low and back to high and we don't understand how the hell this is possible.
The client also should crash in that time of the month if you pay for porn with your coins.

How is "Lite" any more female-friendly than "Bit"? Because girls love to feel slim?

Think I'll launch tamponcoin next month - a female-only currency.

female friendly names?? conservative nature?? lol

anyway cant wait when this retargets in 16 hours...

because the hashpower should correlate to the expected volume

It is a currency. Currencies have speculation.


The fact is that Litecoin and Feathercoin both are the most female-friendly coins in terms of their names, and conservative nature.

You have a coin which is driven purely by speculation and has no actual services built for it.

It exists in a vacuum of other speculators and miners who all want to get rich and don't want to be the ones left holding the bag 

Well FTC* is newer than BTC and LTC. The LTC volume is puny compared to BTC. I fail to see your point.

The amount of volume FC moves is puny compared to BTC and LTC, and that trend will continue once LTC is listed on Mt. Gox.

That's not what I see happening subSTRATA. There are people like myself who will no longer mine BTC and LTC, they are looking towards another coins.

Ah but look for the silver lining! Maybe there *will* be an easier other side, as maybe litecoin will be so lucrative the rapists *won't* come back for another gangbang when the difficulty does eventually settle back down!

Maybe this might yet become another haven for CPU miners, like I0coin and GRouPcoin and CoiLedCoin and GeistGeld and Tenebrix and others before it!

-MarkM-

Except it won't actually be easier, because sites like coinchoose will look at the difficulty and think it is profitable, since they do not know that the instant the difficult changed all the rapists came back for another gangbang.

So miners all over will be told by sites like coinchoose, probably incorrectly, that joining the gangbang will be profitable...

-MarkM-

If I recall correctly the answer I had had in mind to convey was basically yes others had the illusion of taking off wonderfully, but we won't know if its an illusion until we reach the part where the difficulty has taken off too far and the miners hop to the next chain they want to rape and drive to massive difficulty. Ideally there will be enough chains that there will always be one ripe for raping when they reach the point that raping the current one has reached the nadir or apex of the diminishing returns curve.

-MarkM-

I will be very interested to see what happens at that point. I cannot imagine that it will be as bad as some others. If you remember Freicoin getting stuck high for three months. Miners kept going for a while before they gave up and left it trickling along on what seemed like only a handful of low performance GPUs.

Feathercoin's blocks are targeted for 2.5 minutes, which is four times faster than Freicoin. There is a large user base of people who do not hop around according to coinchoose and will continue on Feathercoin. No one's patience will last forever but it will not take that long.

I am not expecting us to be held up at a high difficulty for long and look forward to the easier mining on the other side

But that doesn't answer my question...

I suspect the crucial part of the history you have described is the rapidly increasing hashrate.

Once the hashrate gets too high to be profitable (as in more profitable than some other coin whose difficulty has meanwhile gone down while miners hopped to this one) we'll see what happens.

There is some luck here too, in that some other coins that got jumped on by miners thus had rapidly increasing hash rate went high enough in difficulty fast enough that the miners hopped elsewhere before exchnges and such were operational, perhaps. Managing to get exchanges running before the miners hop elsehwere might keep the miners mining longer because they can cash in their coin easier.

The crucial point though tends to come when the miners move on. How many months or weeks or days will it take for difficulty to come back down? How many hours or days betwen blocks in the meantime?

Those are the things that caused problems for other coins that got a lot of hashing very fast.

Also I expect to a lot of people what oyu are seeing as success, maybe because you own GPUs, a lot of people are seeing as failure, in the sense that yet again a nice new coin, hopefully therefore a nice new opportunity for grass roots mining by normal people, got stomped on by big miners so that it almost instantly skyrocketed in difficult far out of the reach of normal people. Historically the next step after that has been for the big miners to move on, leacing the coin still far out of reach of small miners, then come back to rape it again when after maybe even weeks or months its difficulty finally manages to adjust back down.

-MarkM-

What other alt coin has a history similar to Feathercoin?
-hashrate increase in similar timeframe?
-adoption on multiple exchanges in less than a month
-profit 289.41% listing at http://www.coinchoose.com/ in less than a month
-community support that is similar

I'm seriously asking, because I wasn't around for the release of any of the other alt coins.
-

The Market, and the people using it. While I see your point, I'm a part of this market, and I'm free to say "I don't think we (the market) need this". I'm not saying anything that comes from me is fact, it's my opinion of the market as a whole. I apologize if your offended, but I think your taking opinions a little to seriously


This mining advantage isn't going to last at all, the difficulty is already where litecoin was a month ago, and is rising fast


Just to say, I'm not saying Feathercoin is dead or dying, I just don't see it becoming as popular or as valuable as LTC or BTC because it's just a clone of Litecoin with some variables changed.

Well Internet Explorer is better than a paper book (USD or Euro).