[quote name=“subcapital” post=“41232” timestamp=“1386436472”]
I think the point is being overlooked here.
I am talking about potential abuses of power in the future as far as obtaining large parts of crypto networks.

visualize it…
Few years in the future, bitcoin grabs the worlds attention, the world starts using cryptos.
Different currencies emerge as well as nation states implementing their own.
New currencies are made all the time.
Cloud mining with all its appeal has become huge for those wanting to mine without dumping mad cash.
sounds great right? Mine certain coins for gigs n get paid, low risk, no hardware n drivers, just click n earn.
MASS APPEAL

But what happens when…
These cloud miner hosts are teh primary source of mining?
home mining will become inexpensive and outdated as far as profits.
As the crypto market advances
And[b] new currencies [/b]are mined, these cloud hosts will be[b] doing all or most of the mining[/b]

This places these cloud companies with all the mining power, which is of course how we execute the dreaded 51% attack. If these buisnesses start mining for everyone, the network becomes decentral and can discredit or ruin the entire movement.
Again, I am not speaking bout the individual, Im speaking about the future ability for cloud mining companies to literally OWN these (now) decentral currencies.
Think about it. Companies are stuffing massive amounts of computers into rooms to cloud mine.
Especially as new better currencies enter the market as cloud mining becomes popular, these hashing machines will be the majority of how miners mine.

Placing THIS MUCH power in the hands of companies that wanna sell you awesome deals for the ability to hash is too much of a risk to the crypto networks. This is how 51% attacks will happen in the future.
This movement becomes less about what people want and more about entities with m[b]assive resources to corner this new market.[/b]

[u]When we give our mining capibilities to a few entities, we hand over the power cryptos have.[/u]
i know youre all pleased with the hash rates, but what cost in the future?

Cloud mining looks amazing and could yield me money, hard not to hop on it.
Does anyone else see this correlation between cloud mining and market domination by a few organizations with the resources to implement said plans??
[/quote]
This can be fixed:
EXTREMLY Limit power with EXTREMLY hard algos
OR… Give each miner on the network a equal cap of max hashrate!
FTC is going to go up in flames is ASICs or FPGAs come out.

[quote name=“wrapper0feather” post=“44855” timestamp=“1387164125”]
The main problem with solo is, even these small coins difficulty is getting too high. Pools give instant feed back how your set-up is doing.

p2pool is easier for new miners, has no email registration and new miners can try it out quicker. I can see the charts / stats from anywhere in a browser, without login.
[/quote]
Resurrection? What? Where? Link?

[quote name=“wrapper0feather” post=“44847” timestamp=“1387160010”]
It’s difficult to think there will be a way, once they are programmed, GPUs are much better than CPUs at this number crunching.

What is more possible development worth investigating is a means of preventing Scrypt ASIC mining. It looks like there will always be a problem with new network attacks to “prove security and rise from obscurity” in the future.

When there are many coins and one coin is bigger with > 10x the hash power, the smallell coin is open to attack. Having a way to start new coins is essential and adding Scrypt was what saved Litecoin from being attacked out of existence, like previous coins had been.

I did look into wither you could use “Jayne” or some extra algorithm or extra level of compression. ASICs only work on one algorithm, so a new one has to be designed each time the maths are changed.

It will only be possible to mine by CPU until the GPU software is written, then the ASICs and so on. Until the network is created. The early adopter bonus reduces as there is enough coin networks to cover the need …

I’d be interested what the current state of play is with “Jayne” and alternate algos.
[/quote]
“Jayne” may be good for avoiding ASICs. But GPUs… that is a bit harder.
The only way to really kill GPUs would be logic. Sure, GPUs have logic cores, but not as good as CPUs.
This could offer a good advantage.

[quote name=“Rapzid” post=“44836” timestamp=“1387158726”]
Perhaps a first step would be to create a Feathercoin credit reporting bureau…
[/quote]
Fredit: Feathercoin cREDIT

If there was a way to give only the CPU an advantage in a Hashing Algorythm, how? What is the best way to make it so that CPU Mining would be 100s of times better than GPUs (A small disadvantage for the GPU won’t work: Because GPUs are way more scalable). I know this was the Intent of scrypt, but It has failed. If there was a way that CPUs could offer better Hashing preformance?

[quote name=“vex” post=“43226” timestamp=“1386806589”]
Do you?
[/quote]
No, I think you’re going to get a great hashrate…

So, I see everyone getting alot better hashrates than me. I get APROX (according to pool) 50/KHs at a decent point in time. I CPUMine (My rather powerful GPU just didn’t support OpenCL) with Pooler’s CPUMIineer and 2 x Quad Core Intel Xenon 2.4(?)GHz CPUs… Is this normal?
[move]I realise GPUMining offers a better hash rate over CPU Mining, but I think is a little odd because I have amazing CPUs. So, If you had a rig like this, would this be a decent outcome?[/move]

[quote name=“romanm” post=“44296” timestamp=“1387033947”]
Hi Friends,

I am newbie for FTC mining so can you please check if
the math I got here is ok:

I have mined on - wemineftc for exactly 12 hr
at hash rate: 1600Kh/s and I got 13 FTC
when the calc promises to get ~17 FTC at least.

[img]http://i.imgur.com/iwZU4rX.png[/img]

is it sound reasonable or I am missing something ?

Thanks in advance.
Roman
[/quote]
Don’t worry, 1600/khs is really good!

[quote name=“Clarey” post=“44283” timestamp=“1387031877”]
Another new member to this forum!
I have been lurking for a few weeks and decided to take the plunge and register.
I have been sporadically looking into cryptocoins since the summer when I first discovered their existence.
I loved the idea of them and I like the community spirit behind them.
This forum seems to be the nicest bunch of people - the traders on BTC-e scare the bejesus out of me ;D

Anyway, hello!
I have had an empty wallet for a couple of weeks and I made my first purchase of FTC on Bittylicious on the 12th.
I was trying to work out how to buy FTC using BTC on BTC-e and now I don’t have to :)
[/quote]
BTC-e isn’t the Nicest place on earth, but welcome!

[quote name=“kuroato” post=“38576” timestamp=“1385958667”]
Hello all, I am just curious if there is any demand for Featercoin VPS (Virtual Private Server), in other worlds Virtual PCs to Host / Run your Feathercoin - Wallet on at all times, 24/7 so you don’t have to worry about Syncing your Wallet with the Network everytime you start Feathercoin - Wallet on your Home or Work PC.

Let me know your thoughts, if there is a demand for such a service, I may be able to offer a Feathercoin VPS Service for FTC and USD. Let me know.

Thanks,
[/quote]
There would. Maybe like a 0.01% comission or something small. I don’t know, there are plenty of free onlinewallets out there.