\[Superseded by 0.6.4.4\] Feathercoin 0.6.4 - Hard Fork at block 33,000
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[quote name=“Magic8Ball” post=“4440” timestamp=“1368994969”]
I still think its a temporary situtaion generated by everybody jumping on Worldcoin. In a couple of days it will either be added on an exchange, where people will dump and price plummet or it won’t in which case price will go down too. Eitherway a lot od hashes will go back to doing other struff; mostly LTC. A few will be back to FTC especially for those owners who have decent stock of FTC.For miners its difficult to resist making easy money by mining WDC instead of FTC.
[/quote]Worldcoin. And Nibble. And Digital Coin, starting Monday.
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We’re never going to convince those that will coin hop for the quick new alt coin. We need to be creative, we need to pave our own way. I look forward to hitting the gaming market heavy for your help.
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[quote name=“justabitoftime” post=“4462” timestamp=“1369017312”]
We’re never going to convince those that will coin hop for the quick new alt coin. We need to be creative, we need to pave our own way. I look forward to hitting the gaming market heavy for your help.[/quote]FTC became victim of its own success. I respect your dedication but i don’t understand why you are not looking at some obvious problems. You’ll have to convince current miners to _stay_ and mine FTC for a few more days (a constantly growing number of days by the way). The network is currently 179,993 KHash/s and slowing, the time to retarget is growing again despite the corrections to the calculation. Estimate was 7 days 10 hours yesterday, it’s 7 days 5 hours now, which is obviously a bad sign. The original 22nd of May retarget plan is nowhere. My client has been out of sync for hours now, I am not sure i could even send a transaction.
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I’ve started a bounty to get things moving along. Tell all the people :)
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why is it that the difficulty is stating 110.22563508986 on the next jump ?
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[quote name=“fishboy” post=“4541” timestamp=“1369069450”]
why is it that the difficulty is stating 110.22563508986 on the next jump ?
[/quote]
Starting from the fork and v0.6.4 the max diff adjust is 41.4%. You do the math ;D :P -
still a small jump :)
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[quote name=“fishboy” post=“4552” timestamp=“1369071657”]
still a small jump :)
[/quote]
188 -> 110, then probably will go down to 64 which will be hopefully faster, then later depending on the network it can go even lower. I think it will be big enough jump and from now difficulty will adjust in several smaller steps not big jumps - which caused the current situation. -
[quote name=“Pathosverdes3” post=“4489” timestamp=“1369042073”]
[quote author=justabitoftime link=topic=505.msg4462#msg4462 date=1369017312]
We’re never going to convince those that will coin hop for the quick new alt coin. We need to be creative, we need to pave our own way. I look forward to hitting the gaming market heavy for your help.[/quote]FTC became victim of its own success. I respect your dedication but i don’t understand why you are not looking at some obvious problems. You’ll have to convince current miners to _stay_ and mine FTC for a few more days (a constantly growing number of days by the way). The network is currently 179,993 KHash/s and slowing, the time to retarget is growing again despite the corrections to the calculation. Estimate was 7 days 10 hours yesterday, it’s 7 days 5 hours now, which is obviously a bad sign. The original 22nd of May retarget plan is nowhere. My client has been out of sync for hours now, I am not sure i could even send a transaction.
[/quote]You can’t have a string of hard forks. Some people may be out of town, etc.
People are getting tired No Community Coins.
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Well, Bushy’s bounty has really got things moving, the blocks are coming much quicker now. It was definitely the right decision to fork at 33k, we now have some seriously good publicity building up even before the fork.
Good call.
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[quote name=“spynappels” post=“4575” timestamp=“1369082789”]
Well, Bushy’s bounty has really got things moving, the blocks are coming much quicker now. It was definitely the right decision to fork at 33k, we now have some seriously good publicity building up even before the fork.Good call.
[/quote]Agreed, I can’t believe the difference it’s made - and how rapidly! The future is looking a whole lot less uncertain.
TN
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[quote name=“ThirtyNiner” post=“4587” timestamp=“1369086142”]
[quote author=spynappels link=topic=505.msg4575#msg4575 date=1369082789]
Well, Bushy’s bounty has really got things moving, the blocks are coming much quicker now. It was definitely the right decision to fork at 33k, we now have some seriously good publicity building up even before the fork.Good call.
[/quote]Agreed, I can’t believe the difference it’s made - and how rapidly! The future is looking a whole lot less uncertain.
TN
[/quote]Absolutely, great job Bushstar!
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Should make a massive boost to the price of the coin, been spamming btce troll box with the bounty just to try promote lol got myself banned for it
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[quote name=“ice098” post=“4599” timestamp=“1369088649”]
Should make a massive boost to the price of the coin, been spamming btce troll box with the bounty just to try promote lol got myself banned for it
[/quote]:)
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Ah, so close:
32,876 // Just 4 beside! LoL :)
32,831
32,825
32,769
32,445Thanks guys for this great idea!
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Just hit 32900, 100 left to fork, go go FTC.
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Why are you adjusting the difficulty faster than LTC? Aren’t there 4x as many possible FTC as LTC? The difficulty should increase slower not faster. You will just bottleneck the system again. Difficulty will rise faster than coin usefulness and miners will jump ship.
The reason for these issues with TRC and FTC is that unlike BTC and lesser extent LTC, the mining power and potential miners is already there and competing coins are already in place. With BTC the miners and hashing power grew somewhat steadily over time from only a few people. I think something fundamentally different needs to be done with the way additional altcoins are mined for them to be successful. They need to use completely different tech - not cpus or gpus - or at least make them use cpus/gpus substantially different so that you can’t just toss your hardware over to a pool or solo operation. The mining of additional altcoins requires additional investment in new types of mining “tools” to maintain market equilibrium.
Edit: I guess I stated that incorrectly regarding the difficulty increase - I am talking about something different than what you are.
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I understand that there is a circuit breaker: the difficulty wont change more than 41% in each instance. In a worst case scenario, everybody jumps on FTC and difficulty rises sky high in several steps. Afterwards, there won’t be 2016 blocks to mine away with 2 Radeon’s and a lost ASIC until difficulty goes to a more realistic level, but 5xx (again, with the 41% damper each time).
In the end, it should result in less trouble in case of sudden, massive mining power. I hope the difficulty reset rate is sufficient not to run into trouble with too many orphaned blockchains. It seems that a couple of hundred blocks should be okay in this respect. We will find out sooner or later.
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There’s hope ;)
Average time to find a block is going down considerably.
X-Axis: Block number
Y-Axis: Time to find a block in minutes[img]http://img824.imageshack.us/img824/3297/20130521210005.png[/img]
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[url=https://hynodeva.com]https://hynodeva.com[/url] Mining Pool has updated the client, waiting for the fork.
We have switched all system internal miners to FTC, ready for a recovering coin.Happy Mining
btw. we have extended the duration of our low fee period to June 1st.
(3 % PPS, 0.1% Prop.)hynodeva dev
