Best posts made by gonnaforget

I hope a bunch of people freak out about something, the price plummets and the difficulty goes back down to 5, and then people realize it was nothing and it goes back up and reaches a dollar.

Incidentally, I also hope I get a pony for Christmas.

@acidd You’re probably right that miners not switching would be the bigger problem if it happened. The UFO Twitter account is saying that 80% of the network has switched, so the word seems to have gotten out reasonably well.

I was mining fine last night, and then this morning I paused for a bit and then turned it back on and I stopped getting payments. I haven’t gotten a single one for 13+ hours of mining. (I’m connected to the p2p pool). The log in the command prompt looked just the same as last night, but my wallet didn’t receive any payments for today.

I rooted around a bit and found that my firewall had started blocking the miner. I adjusted the permissions for the miner, but I’m not sure how to check if it worked. I was still getting shares and they were being accepted while the firewall was blocking it, or that’s what it looked like, and everything looked the same as before when it was working, so I’m not sure how to check if everything is working correctly again. When I open the firewall/antivirus it brags about “blocking over 1000 bad connections” (good work, buddy xP) but doesn’t seem to tell me when these occurred so I could figure out if it’s still going on.

Another thing that’s confusing me is that the time stamps for the transactions last night that are in my wallet aren’t the same as the times stamps on the explore.feathercoin page. I don’t know if that’s related.

Gotcha. That makes a lot of sense, and I can totally see why that could be a problem, especially if ASIC miners were going around, targeting each coin for a short time then switching to the next.

@tmuir12 said in Feathercoins for mechanical wristwatches:

dying and possibly obsolete trade

Wrist watches and cuff links are the only jewelry that are acceptable for a man to wear. As long as Western Civilization lasts there will always be demand for them. Note: Western Civilization ended in 1973 at the latest. I’m in a bad mood.

If there is an interest I will start a blog showing the restoration of the watches so people can see what I would sell and go from there.

I think that would be a really cool blog.

I really like the idea, and wish you luck!

I guess you mean this:

https://bitcointalk.org/index.php?topic=1954598.0

Big if true!

I tried briefly tried looking for what you were talking about and am not sure I found it.

Their not accepting new accounts, while strange seems anti-worrying as if they were going full-pyramid it seems they’d want as many new accounts as possible.

Isn’t that potentially a security risk? Are there other pools that people might switch to? I was trying to mine on the p2p servers for a while, but found the .01 payout threshold too much, and looking over the payout charts for other miners on one of p2p servers I suspect many people with < 3 MH/sec may have found the same.

I’ve also heard the ti can be more energy efficient,

@sspano01 said in Experimental Mining Rig:

Difficulty level does not increase more than 3x its current level

Is the “current level” you were using about 80? That seems to be true so far, but if FTC stays on its current trend, that might not be the case. On the other hand, it seems to be jumping around a lot right now, varying between < 50 to over 200. As I’m typing it’s at 216, and just a half hour ago it was less than 50!

Coming back to this: I see your estimation was about 80.

Coin price in USD does not drop more than 50%

Right now that seems reasonable. It was interesting to watch the price action over the past week or so where its BTC price went down to keep the USD price the same, then the USD price went up to get the BTC price back to where it was! If BTC fluctuates more it’s hard to know what will happen. It seems there are market participants who are interested in the USD price and those interested in the BTC price. It seems there is a correlation between BTC, though, which is certainly interesting. It’s possible that your assumption is fair, given the ones who were looking to maintain the USD price where it was. On the other hand, they were the ones pushing it down. But against that, the market seems to have blown through their selling pressure. A very interesting market for sure!

Hash rate of 46MH/s online before 12/31/17

Good luck

I think I have the risk figured out ???

Crypto currency is still super volatile. The question of risk is only what you can handle. I don’t think you should put in any more than you are willing to lose, but then that goes for any investment.

I am looking at “investment time” in the 1-2 year range with a few “Experiments” to sanity check the results in 3 month moving windows.

I think the sanity checks are a good idea, especially because the landscape can change pretty quick. I really like the FTC community, and they’ve dealt with problems in the past for sure.

I am not going to freak out with a possibly “ROI” swing between $3k or $22k in a 90 day timeperiod

Hahahaha, yeah… It’s a good thing var is correlated with alpha.

Electricity power, space, and cooling is a non-issue for my facility.

Sweet.

What am I overlooking that could make my “investment” worth even less than $3k

A lot less regulatory risk than there used to be, but it still exists, also need to consider tax consequences, which can be tricky.

Those are my thoughts. I think it’s really exciting and I wish you luck!

@narbss said in Newbie Quick Start Mining Guide:

If anyone has any suggestions or changes feel free to let me know so I can implement them!

A section reminding people to exempt their mining program from their antivirus software scans might be a good thing. Plus it’s something where it’ll work for a while and then suddenly stops working for no apparent reason, which can be very confusing for people.

Hopefully the realization that normal curves are only common because the things we measure in the natural universe are often the sums of various things, and that other systems, and particularly systems that don’t lend themselves to us collecting iid-data, like markets, are not necessarily normal.

But the likelihood of that being realized by a large number of people, even the people who ought to realize it, is 0. We learned nothing from 2008.

If you have more than one miner:

1. Can you have them use different stratum but still pay out to the same address?

2. If you do pay out to the same address, is the payment you receive the sum of what the miners earned or do you get those in separate payments? (so 1 vs .8+.2)

@AcidD Might be the one who will know what to do.

@williamwalker

Have you tried downloading the blockchain.dat file and seeing if that works?

You can go here http://cryptochainer.com/dir/?page_id=881 and downloaded the .zip
Close your wallet, copy the files into the Data Folder (maybe backup the old ones, just in case…). Start your Wallet and you should only be come days behind. Wallet quickly syncs and you are good…

@wrapper Gotcha. And this is why you couldn’t just make a new p2p pool with a lower payout fee.

I wonder if there’s a way to automatically reward smaller pools a little bit or slightly penalize larger pools so something like that happens automatically. Obviously the reward smaller pools a bit more would be easier to get people to buy into.

@engetsu I thought the thing that took time is not the download, but the processing.

@tobi97l Does temperature not matter? Couldn’t having it too hot damage the cards?

@wellenreiter

Thank you! I think that explains it. If I wasn’t getting above the minimum payment I wasn’t getting anything, even if it looked to me like I was getting shares. (I was getting stratum off 1000+, so I had used the -f function to try to reduce the difficulty) I guess I could go back and check the difficulty of the blocks that I was getting payments on and see that they were the easy ones.

Was the .01 (or whatever, but I believe the .01 because all the payments I’ve gotten with Mining Pool Hub have been less than that) set back before the current run-up in difficulty? It might be a thing to reduce the threshold a touch now that the difficulty is consistently above what it used to be. Would it be possible to make it automatically scale with the difficulty?

@wrapper Does the p2p pool allow for you to set -d so that you can start out at a reasonable stratum?