Time to retarget
-
The retarget occurs after an a certain amount of blocks are found, I think 2016 in FTC’s case. Since the difficulty is higher, it takes longer to break a block. If the network hashrate gets cut in half, it takes twice as long to complete a block. Thus the time to complete all 2016 blocks takes longer.
-
That sounds pretty spot on to me, the less hashrate and driving force there is the longer it takes to break the 2016 block count before a difficulty change.
The longer it takes, the lower the difficulty of the next 2016 blocks too! -
Oh ok that makes sense :) thanks very much. I guess the next week is just going to be very slow on the feathercoin mining side haha
-
I’m just glad there are those still supporting it through mining during this rough patch :)
-
Yeah indeed, lets not hop to a different coin and mine these blocks!
-
;D We will get through these blocks don’t worry. I’m getting my second rig sometime this week and will be setting it up to mine some FTC as well.
-
[quote name=“sheepson” post=“1197” timestamp=“1367860788”]
Yeah indeed, lets not hop to a different coin and mine these blocks!
[/quote]I’m all in and miner is on full throttle! Ambient temperature in my shed where my miner is setup is currently 44.5oC :o , patiently awaiting spontaneous combustion :D
-
What are your guys predictions for the value of FTC in 3months?
-
Well I’m hoping it will be as good as decision as buying BTC was in January will be. :)
Not sure of an upper value just yet, but I’ve got buy orders in all the way down and including 0.00101 .
If/when LTC moves to GOX I reckon FTC will be the 3rd main traded currency and should it see further adoption as a purchasing medium then 1/4 LTC in Value is not unrealistic. -
I can’t speak for the developer, only myself. I’ve ran grassroots type projects/campaigns for many years… I’m putting my heart and soul behind Feathercoin. There is no reason when Litecoin goes to 20 on gox, we’re not at $5 a coin. I’m pulling in quite a few resources from the business community, we’ll see how it pans out. I’ve been asked to help with different coin campaigns. my total focus in Feathercoin.
-
Thanks for that I really appreciate it :) glad to be part of a growing community dedicated to what they’ve started.
-
8days ++ lol
-
We need some big players now.
-
[quote name=“UKMark” post=“1199” timestamp=“1367861713”]
[quote author=sheepson link=topic=249.msg1197#msg1197 date=1367860788]
Yeah indeed, lets not hop to a different coin and mine these blocks!
[/quote]I’m all in and miner is on full throttle! Ambient temperature in my shed where my miner is setup is currently 44.5oC :o , patiently awaiting spontaneous combustion :D
[/quote]Well I’m currently living in the basement (still in college/living with my parents) and I have 4 rigs set up down here haha. I can barely plug anything else into the outlets else the circuit breaker goes off. Anyways, it’s like 90-100 C in here in average and I sleep here xD
-
[quote name=“aysyr” post=“1211” timestamp=“1367871844”]
[quote author=UKMark link=topic=249.msg1199#msg1199 date=1367861713]
[quote author=sheepson link=topic=249.msg1197#msg1197 date=1367860788]
Yeah indeed, lets not hop to a different coin and mine these blocks!
[/quote]I’m all in and miner is on full throttle! Ambient temperature in my shed where my miner is setup is currently 44.5oC :o , patiently awaiting spontaneous combustion :D
[/quote]Well I’m currently living in the basement (still in college/living with my parents) and I have 4 rigs set up down here haha. I can barely plug anything else into the outlets else the circuit breaker goes off. Anyways, it’s like 90-100 C in here in average and I sleep here xD
[/quote]Sod that for a game of soldiers :D - You may be toast in the morning :o
-
Haha nah I’m all good. I’ve had this running for weeks no problem, just warm is all :) Too bad it’s not winter anymore lol
-
10days++ where do you guys think it will stop?
-
[quote name=“DeadZebra” post=“1239” timestamp=“1367908267”]
10days++ where do you guys think it will stop?
[/quote]
@ + 2016 blocks from the last one :D
Network hash is less than 1/4 of peak so if at 1/2 peak it was 7 days, it could be 14 days or more from now, either way I’m seeing this one out and then watch the network hash rate return once the profitability does. -
[quote name=“UKMark” post=“1244” timestamp=“1367911607”]
[quote author=DeadZebra link=topic=249.msg1239#msg1239 date=1367908267]
10days++ where do you guys think it will stop?
[/quote]
@ + 2016 blocks from the last one :D
Network hash is less than 1/4 of peak so if at 1/2 peak it was 7 days, it could be 14 days or more from now, either way I’m seeing this one out and then watch the network hash rate return once the profitability does.[/quote]
Sounds about right, the difficulty will drop down, confirmed changed, then all the mining rigs will hop back in, mine a ton of coins before the next difficulty increase, hop back out, repeat. :P -
Yeah it’s gonna take a while before the next difficulty >:(