The first one FTC USB block erupters be born, about 240Khash
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[quote name=“Murphy1138” post=“51223” timestamp=“1389363223”]
[quote author=Kevlar link=topic=6202.msg51165#msg51165 date=1389344410]
[quote author=Murphy1138 link=topic=6202.msg51146#msg51146 date=1389336948]
Am I the only one that does not want ASICs?I don’t want scrypt based coins going the same way as BTC.
I have 5ghs of btc asic miners that are pretty much paper weighs no. At least with some old 5850s you can still mine ftc for real cheap. Not only helping secure the network but make some coin as well. :-\
[/quote]Here’s what I hear you saying:
“I don’t want scrypt based coins to gain the backing of a huge industry, creating a embedded investment in it’s long term viability, increasing it’s value by over 5,000% in an incredibly short time, revolutionizing how we store and transact value and forcing control of our money out of the hands of institutionalized theft.
I made a bad investment in some obsolete technology, and I’m mad because I spent my money on the wrong thing. At least with some even more outdated technology, I can still acquire the currency at a higher rate than I could on the exchanges.”I don’t mean to be rude, but that’s not going to garner much sympathy with anyone who’s invested in the future of the currency. ASIC’s represent an evolution of the technology, and saying you don’t want it is like saying you don’t want to put a quarter in the slot when your game is over: It doesn’t matter. You’re going to have to if you want to continue playing.
[/quote]Not at all, BTC creation is now in the hands of the company’s/people with pockets big enough to buy the custom ASICs.
For the chap at home its almost impossible without spending many thousands of pounds and by the time the equipment turns up its obsolete and you will need to buy even more equipment to try and chase the coin. Sure my miners can help secure the network and generate me a small amount of BTC for doing it but you will never get the ROI unless the price BTC/£$ price skyrockets and the little amount you have mined then becomes profitable.I have over 1.2MH/s of power going into FTC and so what if some of those are outdated 5850s, they have already paid for themselves and secured the FTC network in that time and generated over 2000 FTC in block finding (which others would have benefited from) I have also bought goods on the FTC market place and tried to sell goods on there also and like FTC and the community.
If I end up spending my FTC that I have made on real world goods once I have spent those coins they are gone. Unless I then have something to sell for FTC the only way for me to get more of them is to spend more ££ on mining equipment to generate them ( and if ASICs are around generate far less) or buy them on a market.
Id rather be able to secure the FTC network cheaply like I do now and make coin that I can use right now ( if I see something I like in the market) and be part of it. When ASICs come out and the little guy gets pushed out. Right now all most people use FTC for is trading for BTC then selling for $$ to put $$ back into the corrupt system they think they are fighting ::)
If I have to keep spending £££ to buy FTC to buy things I can already buy with £££ there is no point to it, if it ever got the stage that BTC/FTC was legal tender and I was paid in either then thats a different matter…
[/quote]As I said in [url=http://forum.feathercoin.com/index.php/topic,6704.msg50528.html#msg50528]the newsletter[/url] what Lizhi is doing is very powerful because it should increase the distribution and diversity of the network. You cannot prevent the very human capacity for efficiency gains. If Feathercoins are valuable then there is an opportunity for someone to find ever increasing ways of getting more of them.
The real danger is specialisation. Where one group of people hoards the technology, inserts artificial risk (pre-orders) and increases the cost of securing the network. The hardware should be affordable and preferably open source. Indeed one day it maybe that miners are things like space heaters and lightbulbs, they drop away in to the background of our environment. But until then we need the stewards and those willing to treat this as a vocation.
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[quote name=“Murphy1138” post=“51236” timestamp=“1389367819”]
At least with GPU mining I can still have killer gaming PC such as a steam machine for the living room once they return little to no coins any more, with ASICS they will just be wasting power and be redundent,that is if the ASIC mining power jumps up as quickly as it has with SHA-256 ASICs at least with GPUs there is a steady difficulty curve and more even distribution of the coins.
[/quote]That’s one of the things we are going to lose, the repurposing of old hardware. The only way to keep it usable is to keep issuing new coins again.
As for Scrypt mining becoming specialised why does it have to be the same as with Bitcoin? Why wouldn’t something like what Lizhi is doing make it more distributed?
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PS
And I think it’s a shame that we will lose the ability to repurpose existing hardware. And there is one other option which is to change the algo to Scrypt-Jane for example.
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Doesn’t look that way to me.
The Avalons were shipped world wide. Butterfly labs shipped worldwide.
The first scrypt ASICs appear to be coming out of China, and are undoubetedly going to be shipped world wide.
[quote name=“Murphy1138” post=“51252” timestamp=“1389371630”]
If ASICS could be launched world wide and we can easily buy them and know they will turn up I would be happy to hang up the GPUs especially if the suppliers had a upgrade path and would take your old ASICS off you or upgrade them for a reduced cost.
[/quote]There’s no incentive for companies to buy back old hardware. There’s very little resale market for them once they’re more than a year old and have been replaced by the next generation of chips.
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The need to replace hardware will not be apparent so much after the initial development phase (of the alternate currency networks) is complete.
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[quote name=“chrisj” post=“51240” timestamp=“1389368248”]
PSAnd I think it’s a shame that we will lose the ability to repurpose existing hardware. And there is one other option which is to change the algo to Scrypt-Jane for example.
[/quote]Something to discuss? Set us apart from other scrypt coins…
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After finding out a bit of info. We’re better off sticking to our algo. It would be a headache and could introduce double spending…
I’m all in on these scrypt FPGA’s.
But I’ll always have my experimental rig… I’m somewhat of a tweaker :D
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lol@whoever said a 7970 retails used for $175. It goes for €350 in my country used, that is $450.
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BUMP
GRIDSEED! GRIDSEED! GRIDSEED!
:) Go Lizhi! Go Lizhi! It’s your birthday. ;)
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Hi , Start small-scale sales. I’m buying the first batch of products.
Hash rate (300K)
Price about (135$ or 450FTC).[attachment deleted by admin]
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JESUS CHRIST ON A GO-CART, TAKE MY MONEY!!! PLEASE!!!
I was about to spend $1,000 on a rig that could do 700k, and you’re offering 900k for $450.
Where do I send the FTC?
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I wanna buuuuy
TAKE MY MONEY !!
I would like to order [s]5[/s] 8 of these! :)
[quote name=“Kevlar” post=“53084” timestamp=“1390005692”]
Where do I send the FTC?
[/quote] -
Yup, put me down for [s]4 6 8[/s] 10 for starters.
How/where do we need to order?
[i]Jesus Crust[/i] I just realized what my 7950s are going for in resale.
ohh muh guh wuh tuh fuh bah buh que I want on an order/wait list [i]immediately[/i].
[url=https://feathercoinmarket.com/item.php?id=2204&mode=1]How serious I am.[/url]
[quote=Every Reasonable, Responsible, Collected Person In The Room]
geebz. calm yo self[/quote]RELEVANT
[img]http://chugworth.com/archive/comics/051203.jpg[/img]PREPARE FOR ARMADILLO STATUS, FEATHERCOIN
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Count me in for 10x. If you have that many.
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10X as well! :)
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[quote name=“Kevlar” post=“53084” timestamp=“1390005692”]
JESUS CHRIST ON A GO-CART, TAKE MY MONEY!!! PLEASE!!!I was about to spend $1,000 on a rig that could do 700k, and you’re offering 900k for $450.
Where do I send the FTC?
[/quote]Seriously! Where do i send the FTC?
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I’d love to try a few out too. Put me down for 2.
Also, since I’m a newb - what’s the deal with PSU/Controller? USB? -
My girlfriend wants 5 too ::)
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Reserve 10 right here. :)
Lets get this ASIC ball rolling. I want to see FTC getting world wide recognition and data centres full of gridseed boards. :)
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Sweet I’d love to grab 5!
