Increase Feathercoins buy volume.
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[quote name=“Pyxis” post=“52198” timestamp=“1389728106”]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners, they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]THIS.
Coin-hoppers saved our asses when we were under attack, but now every single alt gets wrecked by them.
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[quote name=“TrollboxChamp” post=“52208” timestamp=“1389730280”]
https://bitcointalk.org/index.php?topic=414657.0 Read as if its discussing feathercoin.
[/quote]Wow, sentiment is really bearish on that thread with a few even called it a Ponzi/Pyramid scheme!
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We are in a bear market. Nothing signaling a push back past 1200 in the near future. Atleast from my viewpoint. Its cool to read the different viewpoints on this topic. I guess i may have been wrong. I could see things going a lot of ways personally.
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[quote name=“Pyxis” post=“52198” timestamp=“1389728106”]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
[b]thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners[/b], they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]
I would tend to agree that the above is accurate. While I’d love it if the network hashrate dropped for my own benefit in mining FTC, I think it would hurt the overall stability of the coin.But, I love the passion that the OP is conveying, for sure.
I did buy some FTC with some LTC I had mined last month over this last weekend, and it did feel really good, though.
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[quote name=“Undone” post=“52220” timestamp=“1389732279”]
[quote author=Pyxis link=topic=6892.msg52198#msg52198 date=1389728106]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
[b]thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners[/b], they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]
I would tend to agree that the above is accurate. While I’d love it if the network hashrate dropped for my own benefit in mining FTC, I think it would hurt the overall stability of the coin.But, I love the passion that the OP is conveying, for sure.
I did buy some FTC with some LTC I had mined last month over this last weekend, and it did feel really good, though.
[/quote]Thanks man. Appreciate that. Only trying to brainstorm ways to bolster FTC. I am glad were all able to come together and have a civil discussion with opposing viewpoints. Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
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[quote name=“TrollboxChamp” post=“52221” timestamp=“1389732468”]
Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
[/quote]Actually I have a strategy for that.
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[quote name=“chrisj” post=“52233” timestamp=“1389734141”]
[quote author=TrollboxChamp link=topic=6892.msg52221#msg52221 date=1389732468]
Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
[/quote]Actually I have a strategy for that.
[/quote]Look forward to hearing it when you’re ready to share with us. 8) For now. Off to work!
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[quote name=“mmyhre” post=“52210” timestamp=“1389730523”]
[quote]While the strategy made here may work in the short term it may end up having negative effects in the long run. The most effective method is for each of us to approach one merchant a day and ask them to accept Feathercoins. Give Feathercoins away using [url=http://feathertipper.com/]http://feathertipper.com/[/url] and selling things for Feathercoin on the market place: [url=https://feathercoinmarket.com/]https://feathercoinmarket.com/[/url][/quote]This is the correct approach.
FTC biggest problem is that the production of coin is far greater than the demand at this point in time. Difficulty should be higher to lower production.
[/quote]This is the myth i hate being perpetuated all over. The number of coins minted is supposed to be as near to constant as possible. Its the amount of coins per miner that drops, thus spreading it over more people.
But, the total number of coins produced never rises or drops.
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I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
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[quote name=“eaxvac” post=“52293” timestamp=“1389757678”]
I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
[/quote]Wow, thank-you so much.
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[quote name=“eaxvac” post=“52293” timestamp=“1389757678”]
I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
[/quote]
Maybe over time we can get some of these freakin btc-e walls down. Probably not i think its some serious whale action. :-\ -
I’ve been thinking about some of these same ideas in the last week. I split my mining rig into two separate rigs. I put one R9 290 in one rig, mining nothing but FTC constantly, to support the network. I put my 2nd R9 290 into another computer to mine the most profitable coin, then trade that in for FTC on the exchanges. I think the biggest thing that anyone can do to support is, like chrisj has suggested, talk to some merchants! Get people accepting FTC as payment for goods and services. This is my ongoing project with my boss. I work at a screen printing shop and we supply/run a handful of t shirt websites. At [url=http://www.countdownzed.com]www.countdownzed.com[/url] we’ve made the leap to accepting FTC and I’m working toward offering the option locally at the shop for custom orders.
I’ve also got a much bigger project in the works, that I will share as soon as I have all my ducks in a row ;)
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[quote name=“chrisj” post=“52202” timestamp=“1389728802”]
We have seen before that BTCe like to do IPOs of coins and recently there was a big push to get FTC/USD pair trading. They may be involved in keeping the price down but it’s hard to believe they own 4.7m FTC.While the strategy made here may work in the short term it may end up having negative effects in the long run. The most effective method is for each of us to approach one merchant a day and ask them to accept Feathercoins. Give Feathercoins away using [url=http://feathertipper.com/]http://feathertipper.com/[/url] and selling things for Feathercoin on the market place: [url=https://feathercoinmarket.com/]https://feathercoinmarket.com/[/url]
[/quote]Agree with that.
I guess switching over to other coins will bring dynamics that we can’t really predict. Could be that we rent the better coin rate to others and the hashrate stays at the end the same. Could be that the hashrate drops significantly (when many start switching) and maybe some forget the value behind FTC - what would kill FTC. What for sure happens is - that you’ll invest more transaction fees ;-)
On the long run - coins with acceptance will make it. And FTC gains more and more of it.
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[quote name=“TrollboxChamp” post=“52221” timestamp=“1389732468”]
[quote author=Undone link=topic=6892.msg52220#msg52220 date=1389732279]
[quote author=Pyxis link=topic=6892.msg52198#msg52198 date=1389728106]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
[b]thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners[/b], they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]
I would tend to agree that the above is accurate. While I’d love it if the network hashrate dropped for my own benefit in mining FTC, I think it would hurt the overall stability of the coin.But, I love the passion that the OP is conveying, for sure.
I did buy some FTC with some LTC I had mined last month over this last weekend, and it did feel really good, though.
[/quote]Thanks man. Appreciate that. Only trying to brainstorm ways to bolster FTC. I am glad were all able to come together and have a civil discussion with opposing viewpoints. Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
[/quote]I agree Undone, I love these posts and I do love the passion TrollboxChamp is showing coming up with this plan.
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[quote name=“zerodrama” post=“52213” timestamp=“1389730862”]
[quote author=Pyxis link=topic=6892.msg52198#msg52198 date=1389728106]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners, they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]THIS.
Coin-hoppers saved our asses when we were under attack, but now every single alt gets wrecked by them.
[/quote]I didn’t suggest feathercoin was getting wrecked by coin-hoppers nor am I arguing the pros and cons of dump mining, re-read my post and the OP’s again.
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[quote name=“eaxvac” post=“52293” timestamp=“1389757678”]
I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
[/quote]
Awesome!! And I hope for your sake that you’re also able to wring some profit from the sheer BTC dumps for yourself for your sacrifice.Thanks so much.
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Efforts like the above and the ones by MTRisner, and threads like this will absolutely give big amounts of steam to Feathercoin.
It creates a ripple effect. Maybe a friend creates an account on BTC-e and buys his/her first crypto in Feathercoin. Maybe another friend decides to mine and long hold, thus decreasing the amount that the dumpers can dump. Maybe someone else starts accepting FTC as a merchant.
Every such move helps greatly. Kudos to you guys.
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awsome
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[quote name=“Undone” post=“52427” timestamp=“1389804536”]
[quote author=eaxvac link=topic=6892.msg52293#msg52293 date=1389757678]
I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
[/quote]
Awesome!! And I hope for your sake that you’re also able to wring some profit from the sheer BTC dumps for yourself for your sacrifice.Thanks so much.
[/quote]I think this is a great idea eaxvac. When feathercoin grows closer to its true value you will actually be happy you bought a BFL asic. :D
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Remember if you’re going to be dumping Bitcoin using a SHA-256 miner anyway, you might look to running them on multipool.us or some equivalent. Might be more efficient than just BTC alone.
