Here we go again today with another 9hr High difficulty rate and only 1 hr at a lower difficulty rate once it resets.
Any idea on the time frame these difficulty changes might be implemented?
We def need to get this change going soon… This is killing loyal miners with the hash rate so low, and it will take over 9 hours to re-target???
LOL looks like my post got locked out! and for good reason, so much for my ignorance in joining forces!
Good call on trying to stay away from those shady guys. Lite coin has become the walmart of the coin industry… Take out the little guys to increase market share!
I guess Feathercoin is Target and Litecoin is like Walmart LOL (American retailer joke)
Hey guys, not sure if anybody has seen this or not, but there is some talks about Doge coin and Lite coin joining mining forces…
Is this something that we might be able to jump in on as the “Big 3” ??
Litecoin, Feathercoin and Dogecoin???
Just a thought for price stability and a way to get us out there as possibly part of the Big 3!
Check out the article:
http://www.coindesk.com/charlie-lee-proposes-merged-mining-litecoin-dogecoin/
Well hopefully China quickly decides what they are going to do with Bitcoin and Mt. Gox can give back all their bit coins back to the rightful owners…
But unfortunately the damage has been done!
I wonder if there is an way to determine if miners are bailing out across all crypto currencies or not?
The Past few weeks I have been trying to determine what my cost basis is vs the profitability of the coins that are being mined.
Right now @ 3,000Kh/s I am generating ~45-55 FTC coins a day…
Average 50 FTC
(Exchanged @ .0003 FTC / BTC) = 0.015 BTC (@ $550/BTC) = $8.25
Power: ~2000 Watts @ .10cents / KWh = (.20cents/hr or $4.80/day)
Net Revenue: $3.45/Day
This does not even included the added BTU that has to be pulled out by the AC running because of the heat that is generated from 4 R9 280x cards and the box fan running to keep them cool.
At this point I think that I would be lucky if I was breaking even…
This is hardly worth my time to ensure the rig is working, checking rates, exchanges etc. I am seriously debating on just getting out of mining all together and selling equipment.
What is everybody’s thoughts?
Thats what I was going to say… is this Scrypt-N?
Why not call it “F”-Scrypt (Feather… not the other word you thought of!!) … or even better… YOLO-Scrypt haha O0
A-Scrypt would be cool as for “Advanced” Scrypt
Ya scrypt jane blows… even with 4 R9 280x test cards that I have… i was only pulling 420kh/s!!
Soon before we know it we will be running in decimal .03kh/s lol
Also check out some new coins that are coming out that are “Anti-Asic” - UltraCoin??
Coindesk just posted a video about a new Scrypt ASIC coming out for $10,000 USD it delivers 100MH of scrypt hashing power…
This is the conclusion that I have come to as well… once ASIC’s were brought into bitcoins picture it raised the stakes for bit coin as a whole. IT required more of an investment to mine, thus raising the price of the coin considerably because it became more valuable.
Think of it as the way the diamond industry has done this, Diamonds were pretty cheap compared to todays standards however since they limit the number the comes onto the market it has created / demanded a higher price for them.
This is the same way a currency (FTC) will probably operate. In the next few years as ASIC’s come into the picture, very few will control the vast amount of coins on the market because they hold the power to do so, as a result, price goes up. This is what happens typically in free markets as it does here in the U.S. of A.
Doge coin created their own frenzy and kicked it off great at the beginning, sucked people in with high amounts of coins, and a relatively easy difficulty causing people to go on a frenzy to jump in with both feet. However, after just a few months the reward block halved and lots of people are locked in and propping it up because they perceive value in the coin.Not necessarily what technology the does / doesn’t offer.
I’ll sacrifice a couple of Doge coins :-) Maybe that will appease them! LOL
