A good week for feathercoin
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I guess back on topic, this has been a good week with some capital growth in FTC; however, we do have to realize that we/the coin are getting passed up more and more it seems by other coins growing in market capital at a faster rate, value, etc. I remember a month ago FTC was around 5 or 6 in the list and now it is as 13, e.g. worldcoin, megacoin, and primecoin recently blowing past FTC by a good $5MM between FTC and the next up…
What can we do to get and stay towards the top in these still initial phases, stand out more, professionalize the look, increase adoption, etc are our main obstacles.
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I think a FTC/USD market on BTC-E would make a big difference.
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I don’t think they are going to do that… I have also tried to ask them.
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[quote name=“StevenFeather” post=“49665” timestamp=“1388828202”]
I think a FTC/USD market on BTC-E would make a big difference.
[/quote]Yeah I’ve sent a request for that enhancement to be added as well; told them I’d prefer it instead of sending over from coinbase every time.
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[quote name=“travwill” post=“49726” timestamp=“1388853544”]
[quote author=StevenFeather link=topic=6549.msg49665#msg49665 date=1388828202]
I think a FTC/USD market on BTC-E would make a big difference.
[/quote]Yeah I’ve sent a request for that enhancement to be added as well; told them I’d prefer it instead of sending over from coinbase every time.
[/quote]Yes it will be much more easier to trade FTC without looking at BTC price, I also sent a request to add this.
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Stocked up an additional 20k FTC today with its price at 0.0005 of BTC :P
I’ve faith in this community… -
[quote name=“eaxvac” post=“49758” timestamp=“1388865604”]
Stocked up an additional 20k FTC today with its price at 0.0005 of BTC :P
I’ve faith in this community…
[/quote]
WOOOW , an additional ?!? 20k FTC , how much did you have before :)) ? -
[quote name=“ghitzafunny” post=“49762” timestamp=“1388867477”]
[quote author=eaxvac link=topic=6549.msg49758#msg49758 date=1388865604]
Stocked up an additional 20k FTC today with its price at 0.0005 of BTC :P
I’ve faith in this community…
[/quote]
WOOOW , an additional ?!? 20k FTC , how much did you have before :)) ?
[/quote]Probably just 1000 that I mined myself with my GPU :P
Ok, this is why I bought the 20k FTCs outright… I was, was about to pre order the ASIC from Alpha technology, but a second thought came to my mind…
I did some calculation in terms of getting Alpha’s ASIC to mine vs buying them outright right now. Here it is:
Buy 39,354 FTCs with 12,000 GBP (Instant! no trouble)
[b]VS[/b]
Buy 25MH miner for 12,000 GBP. You’ll get 488 FTCs daily starting from 6 months from now.
To get 39,354 FTC with the ASIC miner you need 80 days (488 coins/day at difficulty of 200).If the price does goes up without difficulty increasing a lot, this might well proof me wrong. But the chance of that happening is almost zero.
The mining business is never easy, and its always a loss making at the start. I’m choosing the easy way out here.
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You are right , now the difficulty is 220 :( , and I have just invested all my coins in 1 month at 1 MHs of cloud mining ( by user FTClover ) , the mining will start from 20 January , first I expected 80 % profit , but with the prices and difficulty rising , I will be lucky to get over 50% profit :( , but is still better than buying my own rig :P
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[quote name=“ghitzafunny” post=“50031” timestamp=“1388946867”]
You are right , now the difficulty is 220 :( , and I have just invested all my coins in 1 month at 1 MHs of cloud mining ( by user FTClover ) , the mining will start from 20 January , first I expected 80 % profit , but with the prices and difficulty rising , I will be lucky to get over 50% profit :( , but is still better than buying my own rig :P
[/quote]When did difficulty go up? :( I think the value of feathercoin will see some significant rise over the next couple of months so that will probably make up for it :) Also I will be offering discounts on Mh/s to existing customers when we buy more rigs which should be around mid march so still a great investment!
Oh and I’m expecting the motherboards to arrive tomorrow so I will be posting an update on the site blog as soon as they arrive :D