Hello fellow feathercoiners

Just my opinion mind you, but a short video by Chris Ellis explaining crypto currency basics linked to a button on the front page. NO geek-speak just average internet user level folks can understand and after the video say “oh that’s really cool I want to be apart of that” Chris has a real knack for that sort of thing! Make it happen, they want to know, but they are use to easy!

peace,
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So long story short, life took me on a ride and I am just getting back to pick up some pieces. My last wallet transaction was Jun 2014. I can see all the feathercoin I mined, but when I looked feathercoin up I saw feathercoin classic and feathercoin, was there a hard fork that caused another coin? My ether did this too. What are the highlights of what I missed please? My coin value has doubled that’s nice.
thanks

Hello fellow feathercoiners

So long story short, life took me on a ride and I am just getting back to pick up some pieces. My last wallet transaction was Jun 2014. I can see all the feathercoin I mined, but when I looked feathercoin up I saw feathercoin classic and feathercoin, was there a hard fork that caused another coin? My ether did this too. What are the highlights of what I missed please? My coin value has doubled that’s nice.
thanks

This is a great thread and completely nessecary discussion.

I worry that the whole thing could be controlled by a handful of big farms and that somehow the big money players forsaw this all along? Even planned it? If it is not decentralized then I am back to real commodities I can hold in my hand.

With that said I think it needs to be kept in mind that ASIC mining is way more energy efficient. If we fight ASIC we kill the efficiency level of mining, large scale or small, it still requires electricity. I was mining using (2) 7950 GPU’s burning 550 watts at the wall to produce 1.2Mhs, switched to a ASIC for Scrypt miner burning 12 watts and producing the same or greater hashing power with way less space, heat, cost, noise, and setup hassles.

The focus needs to be on decentralization for sure, but effeciency needs to be a high priority or people won’t add miners to the network.

My two cents worth

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[quote name=“prensel” post=“58317” timestamp=“1392072933”]
[quote author=RaccoonPete link=topic=7536.msg58311#msg58311 date=1392072760]
Mine another coin temporarily and convert it to FTC. Its been working well for me so far! By doing that it increases FTC’s value and your coins will be more diverse.
[/quote]

Doing the same here, give’s me between 30% and 70% more FTC than mining directly on FTC…

[/quote]

What are good alts to mine in place of FTC?
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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=“Calem” post=“57497” timestamp=“1391692030”]
Old discussion shifted here.

[quote author=wrapper link=topic=7318.msg57484#msg57484 date=1391688200]
The only way to secure Feathercoin or Bitcoin in the long run is to ditribute hash power, such that one person or pool cannot join together to manipulate the Block chain difficulty.

I have suggested this needs to be by promoting each merchant to have a small (ASIC) miner. They know they are the bank, and will be the main users of the coins.

The trouble with Cloud mining it is open to more than one abuse and is anti distributed network(ie centralising).

That’s apart from the fact they are grooming scammers by tempting them with an easy Con.
[/quote]

[quote author=CloudScrypt link=topic=7318.msg57485#msg57485 date=1391688871]

[quote author=wrapper link=topic=7318.msg57484#msg57484 date=1391688200]
That’s apart from the fact they are grooming scammers by tempting them with an easy Con.
[/quote]

Could you clarify that? Not sure I understand…
[/quote]
[/quote]

Calem,

pretty disappointed in your use of “staff position” on this one. I guess there is no point in sharing an opposing opinion to yours eh? So I will have to just agree! “If you don’t own your own rig, your not committed”

Not really encouraging to share thoughts and opinions freely here now. I can see your more committed then me so I will respectfully bow out of this conversation.

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[quote name=“Calem” post=“57453” timestamp=“1391681375”]
And now his jeans are mass manufactured creating a monopoly where “Levi” is able to undercut the little guy pushing him out of the market all together.
[/quote]

And if FTC became as big as Levi’s, would you feel the same about them?

peace
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[quote name=“Calem” post=“57445” timestamp=“1391678698”]

Look at it like renting pick axes for gold mining. If they really saw a long term potential for gold, they would be more interested in investing in hardware to mine for them self’s.

A business does not exist unless there is a profit to be made by been the middle man.

If you truly believe, you don’t need or want a middle man dipping into your share.
[/quote]

A man named Levi saw people all running like mad to California to mine for gold. He thought before he acted and he decided to provide quality pants to the miners instead of mining with them. We still buy his jeans here decades latter. He added value to the collective.

It sounds like, because you have invested in mining gear, your looking for community validation to the story you told yourself justifying that it was a wise move. Maybe it wasn’t, maybe you’ll lose money and the guy who chose a different path and leased a rig will lose less? I hope not, because I built a couple rigs and mine now too, but I don’t tell myself I am more committed or of more worth then the person who buys a single FTC and sits on it, or the person who looks at the whole thing and says it’s a fools game and refuses to be pulled in and misses the greatest opportunity of his lifetime. . . or not? It’s all a big collective experiment try to zoom out and set aside your personal choice, just look at the bigger picture. They are all valuable, even the people who choose not to get involved but watch from a distance.

peace,
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[quote name=“Calem” post=“57438” timestamp=“1391676867”]
[quote author=jti8899 link=topic=7318.msg57437#msg57437 date=1391676656]
Who is more committed to the crypto in question, the guy who builds a rig and leases it to dump the coins it produces at a profit in fiat, or the guy who rents his rig and holds and uses those coins in place of fiat?
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[/quote]

The guy who rents the other guys rig of course. Dumping coins for fiat is obviously a show of lack of faith.

This doesn’t take into account the guy who builds his own rig and mines with it himself.

The point I’m trying to make, is investing in the hardware yourself shows more loyalty than taking less risk by allowing someone else to be left holding useless hardware.
[/quote]

Okay then who’s more committed, the guy who builds a rig for 1,000USD and mines 25-30FTC a day, or the guy who buys 100USD worth of FTC and continues to add to his positions every week with another 25USD?

I think trying to make the point that one form of investing in any collective experiment is more committed then any other form, is a fools game. They are all important, even the miner who sells his FTC is adding to the mining pool, and is therefore helping the collective experiment. To me they are all equally important and should all be encouraged and appreciated.

peace
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[quote name=“Calem” post=“57428” timestamp=“1391672449”]
If you can afford to buy a car why would you rent it?

The only reason is because you expect that you will no longer need or want said car once your done using it…

If you really believe in a particular coin, renting only shows you lack of faith in it.

Granted, regardless if your renting or owning a rig, one could easily jump ship and change coin to mine, but my point still stands. By buying the hardware, your voting with your fiat that you don’t wish to return back to said government issued currency.

I still can not understand why you would want to rent a rig. It shows lack of trust and faith.

I’ve said it once, I’m now saying it twice.

Buy the printer, don’t rent it.

Your just giving someone who has more trust in the fundamental philosophy of been in control of your own money, more of your own money…
[/quote]

Who is more committed to the crypto in question, the guy who builds a rig and leases it to dump the coins it produces at a profit in fiat, or the guy who rents his rig and holds and uses those coins in place of fiat?

I own a car, but rent one anytime I leave town on vacation so someone else deals with any breakdown issues! Just one reason someone might rent when they can buy.

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