What The \#\#$\#
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Hey guys,
I know my title is a little risky but it is how i feel.
What is with the hash Rate spikes? currently at 17GH. With the normal rate around 3-ish. Should we be concerned with an attack.Second issue will be with the Fallout of hours of BS mining to come back to normal Diff rate.
Curious what YALL think. Thanks
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Its no attack, its a multipool leeching coins…
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[quote name=“ChekaZ” post=“57634” timestamp=“1391722301”]
Its no attack, its a multipool leeching coins…
[/quote]Can you educate us what this means and how it works? I for one would greatly appreciate it.
peace
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[quote name=“ChekaZ” post=“57634” timestamp=“1391722301”]
Its no attack, its a multipool leeching coins…
[/quote]I’m showing 6.8MHs focusing on FTC currently from multipool and I’ve not pulled any FTC from it on this rig.Maybe middlecoin is taking advantage? They don’t like reporting what coin they’re mining nor when.
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Hey Guys!
Yeah its probably middlecoin.com - They got 21gh/s hashing power.
[quote name=“jti8899” post=“57663” timestamp=“1391727980”]
[quote author=ChekaZ link=topic=7475.msg57634#msg57634 date=1391722301]
Its no attack, its a multipool leeching coins…
[/quote]Can you educate us what this means and how it works? I for one would greatly appreciate it.
peace
~//~
[/quote]If you mine at middlecoin.com, you’re getting Bitcoins for your Scrypt hashingpower. They mine the most profitable scrypt coins and dump them daily and pay all out in BTC.
So if Feathercoin is more profitable than DOGE or whatever out there, they are switching to FTC and start leeching coins. It sucks, but we cant do anything about that :)
Hope that helps.
Regards,
ChekaZ -
As community maybe we can play by multipools rules and come as a winners from situation. I had this idea 1 month ago but never talk about it, but here it is and if someone find an issue or thinks it’s bad for FTC he is welcome to put the facts.
- This sort of action needs a quite big coordination. This includes creating our protector pool that will give rewards only in FTC
- when most profitable coin isn’t FTC, pool jumps on the multi pool and get BTC
- Earned BTC convert to FTC and reward the miners
This way we get BTC from another crypto and we invest them in FTC. Isn’t too much fair but I think will do the job and protect our precious FTC.
What do you think? If yes should we start setting up the pool?
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[quote name=“slavco” post=“57679” timestamp=“1391732913”]
As community maybe we can play by multipools rules and come as a winners from situation. I had this idea 1 month ago but never talk about it, but here it is and if someone find an issue or thinks it’s bad for FTC he is welcome to put the facts.- This sort of action needs a quite big coordination. This includes creating our protector pool that will give rewards only in FTC
- when most profitable coin isn’t FTC, pool jumps on the multi pool and get BTC
- Earned BTC convert to FTC and reward the miners
This way we get BTC from another crypto and we invest them in FTC. Isn’t too much fair but I think will do the job and protect our precious FTC.
What do you think? If yes should we start setting up the pool?
[/quote]I can see something like this working. I think it needs to be more of a donation/campaign thing tho. IE
We mine the FTC constant rate but some of the extra hash rates go to more profitable coins to BUY FTC that will be used for advertisements or charity, something along that lines.
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To add to my previous post; the donation for whatever, needs to be BIG. Like “walk for the cure”. and not just couple hundred bucks. We need bigger amounts, 1k USD minimum, I know its a lot of dough but i think its needed.
I will gladly run/walk in those events or find a military buddy who will, with a BIG FTC shirt on.
Second note, there is a local salon/spa that is excepting Bitcoin, I would like to put a package together for them to except FTC. Will someone help me put together a sales package?
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Here is the local salon i would like to pitch FTC to. [url=http://www.katv.com/story/24596450/arkansas-hair-salon-accepting-bitcoin]http://www.katv.com/story/24596450/arkansas-hair-salon-accepting-bitcoin[/url] .
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to be honest I think the idea could work, but it does more damage to the coin-community than it need right now. FTC is not in a bad position in any way, the last thing we want right now is pissing others off, making FTC-community look like the very same leechers we dislike ourselves.
Fighting fire with fire is not the way to move forward with this. If any kind of protection against multi-pools shall be put in place it should come with development of new functions in feathercoin.
If you really want to make a change, start by investigating the demand for a protection. If the demand is big enough I’m convinced that the developers will look more into the matter and try to solve the problem :)
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[quote name=“slavco” post=“57679” timestamp=“1391732913”]
As community maybe we can play by multipools rules and come as a winners from situation. I had this idea 1 month ago but never talk about it, but here it is and if someone find an issue or thinks it’s bad for FTC he is welcome to put the facts.- This sort of action needs a quite big coordination. This includes creating our protector pool that will give rewards only in FTC
- when most profitable coin isn’t FTC, pool jumps on the multi pool and get BTC
- Earned BTC convert to FTC and reward the miners
This way we get BTC from another crypto and we invest them in FTC. Isn’t too much fair but I think will do the job and protect our precious FTC.
What do you think? If yes should we start setting up the pool?
[/quote]But this is almost impossible to be done because this is community and miners doesn’t give a shit what they mine until they make a money, so this would work if pool has huge hash power, split the hash rate ( to the multi pools and to it’s native currency ) based on some calculations, …
So yes, looking at current situation this is mission impossible :D -
Basicaly, “they” are manipulating the difficulty by using a > 200% network switch, In order to leach cheep coins. To me that is an attack, particularly as it appears to be manually adjusted.
http://forum.feathercoin.com/index.php/topic,7024.0.html
The only advantage of this has been cheep Feathercoins on the market. Because the leachers have no vested interest in the coins, they don’t hoard them.
