Posts made by stulowe

As value rises on the exchange then 133 will be more profitable. It’s really because value is around 0.001 at the moment which makes it close to LTC profitability.

I’m also interested in the idea of a different algorithm. My concern I guess is how much of our hashing power is community based and how much is transient across coins. From my own perspective when I was switching coins I was mining a month or so ago I found myself avoiding going back to SHA256 ones just because it was easier to stick with my scrypt set up. I wonder how much we would lose and not recover.

But saying that maybe it’s not a problem if the approach is very much that we are building scrypt-jane from the ground up and are unconcerned that initial hash will take a heavy hit when changed. A good opportunity could be missed by not taking the risk with a new algo.

Feathercoin had to start with a difficulty of 0. Just as LTC did as well. The fact is that many many times more people were mining and knew about crypto currencies than when LTC launched. Sure the big miners will clean up in this situation and take a lot of the initial coins. It’s not a pre-mine, it’s a fact of life. Live with it and carry on either advancing crypto currencies or trading for profit (whatever your motivation is). But seriously, listening to the trolls and the negative people at BTC-e helps no currencies at all it just drags us all down.

Seem to be in quite a good place with hashrate and profitability now. Hanging around in positive percentages and readjust not too far away.

Gulp! BTC-e down now… Either I’m seeing paranoia everywhere or they are making a push for delisting

Especially as profitability will have dropped below LTC now. Fingers crossed they run out of financing for their venture soon.

True but instant addition of 2.5mh the moment the difficulty changed is suspicious. Let’s hope we stay above 5mh total

Hash rate just jumped by an additional 2.5mh again at difficulty change

perhaps a screwy side effect of the 51%. Find out in 6 hours time.

[quote name=“jeremiel” post=“12109” timestamp=“1370833406”]
[quote author=stulowe link=topic=1468.msg12030#msg12030 date=1370828678]
26 more confirms on fcpool and then we will see whether the last run of blocks are valid.
[/quote]
I got a payout. Not much but something. Not enough to send to a wallet. The net hashrate looks like it’s correcting to the feathercoin site.
[/quote]

Yes seems they have gone to the new chain now at fcpool. Question is whether these blocks that looked like they were on the old chain were or not. I don’t know the technical ins and outs of it but is it possible that the attacker already mined these blocks on the new fork and is waiting to sync them and replace these blocks?

[quote name=“Tuck Fheman” post=“12044” timestamp=“1370829936”]
[quote author=stulowe link=topic=1463.msg12037#msg12037 date=1370829567]
[quote author=Tuck Fheman link=topic=1463.msg12034#msg12034 date=1370829371]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.

I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]

I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.

But I respect your right to have your own opinion.
[/quote]

Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.
[/quote]

Oh well, ya got me! I’ve never mined FTC a day in my life and have never purchased under .004 and I spend all my time here trying to drive the price up to make back the vast empire I have lost investing too high.

Ok, gigs up guys I’m out!
[/quote]

That wasn’t targeted at you.

Be good to get some confirmation on what’s going on with the pools. is fcpool.com on the wrong chain now?

[quote name=“justabitoftime” post=“12040” timestamp=“1370829675”]
[quote author=stulowe link=topic=1463.msg12028#msg12028 date=1370828601]
[quote author=Simber link=topic=1463.msg12025#msg12025 date=1370828433]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]

Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.
[/quote]

This is inaccurate. There was no ‘ignoring’… please take a minute and look through the thread, there are a number of argument… no choice is going to be universally agreed upon. We’re human and doing our best. These are attacks… it’s not like we’re dealing with business as usual.

[b]Your objection is noted.[/b] We don’t need to start down the ‘way to go’ sarcasm route, we just don’t. Honestly, [b]I’m sorry we disappointed you[/b], I’m sorry we might lose your support… I really am. I’m willing to accept that our choice doesn’t sit well with you. I just want to make it clear that there was no ‘chose to ignore’.

I value our miners tremendously. We have a number interesting technical challenges ahead of us… one that any newer alt coin will face because of the sheer amount of GPU being shifted to Scrypt based coins. For those that are willing to take the ride with us, we’re investigating solutions (uncharted territory right now) and for those that choose to move on, hopefully we’ll meet again down the road… everyone is always welcome here.
[/quote]

Thanks for the reply. I appreciate it.

I just hope this decision turns out to be the right one for the community in the end.

[quote name=“Tuck Fheman” post=“12034” timestamp=“1370829371”]
[quote author=jeremiel link=topic=1463.msg12023#msg12023 date=1370828277]
[quote author=Tuck Fheman link=topic=1463.msg12001#msg12001 date=1370826406]
There is another side. Because of this event miners are now getting twice what they were, sooner.

I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]
yeah that would work if miners could actually mine. Also, it benefits just the pump and dumpers so you have just given a middle finger to the long haul people.
[/quote]

I’m not sure how pointing out a benefit can be associated with me [i]“giving a middle finger”[/i] to anyone, especially [i]“long haul”[/i] people considering my circumstances.

But I respect your right to have your own opinion.
[/quote]

Long term people as in supporters. Those who propped up the mining rate and kept the coin from dying at a loss for themselves and want to see the coin do well for the coins sake. Not the long term bag holders who bought in when it was high before and have been sniffing around the forum pretending to support until they can make their money back.

[quote name=“DaMooMoo” post=“12032” timestamp=“1370828754”]
[quote author=Vigil link=topic=1463.msg12026#msg12026 date=1370828474]
There are possibly two FTC chains right now. Different pools are reporting different Network hash rates.
[/quote]
This isn’t a good thing, right!? :-\
[/quote]

Nope but everyone will fall in line on the forked chain the attacker made in the end and screw the miners who supported the coin.

26 more confirms on fcpool and then we will see whether the last run of blocks are valid.

[quote name=“Simber” post=“12025” timestamp=“1370828433”]
It’s nice to see that the attacks had little effect on today’s market value.
[/quote]

Yep, because devs here chose to ignore the attacks rather than take a price hit. Way to go with raising credibility of the coin.

[quote name=“Vigil” post=“12007” timestamp=“1370827253”]
[quote author=Mogumodz link=topic=1463.msg12006#msg12006 date=1370827102]
[quote author=Vigil link=topic=1463.msg12005#msg12005 date=1370826955]
Maybe we should focus on finding the thief by tracking the coins.
[/quote]

What does that do exactly?
[/quote]
Suppose we think of this like a bank robbery or a mint robbery. We wouldn’t destroy the currency of a group of random people but we would know the serial numbers and we would wait until someone spent those stolen bills specifically. Whoever spent them would likely be the thief and we could “confiscate” those coins in transaction and then do whatever with them.
[/quote]

confiscate how? this is open source software and what they did is perfectly within the boundaries of what they can do if they have enough hashing power. The only thing that matters in making change is community consensus in changing the chain.

yes. is fcpool.com now on the new attackers fork we have chosen to support or am I wasting my time mining on it?

[quote name=“Tuck Fheman” post=“12001” timestamp=“1370826406”]
There is another side. Because of this event miners are now getting twice what they were, sooner.

I know it’s no consolation, but there is an actual benefit (not to mention price, more miners, stronger network) you can attribute to this event.
[/quote]

Provided this is the end of it. If the hash is so consolidated in a couple of pools then this could just be a DDOS away from happening again once a large number of blocks are waiting confirmations.

[quote name=“sl1982” post=“11995” timestamp=“1370825566”]
Am I the only one that thinks this is a bad idea? Sure i got it up the ass dry by whoever did this too, but forking back to before this started is going to make many people lose confidence in the coin. Thats not even mentioning the fact that the exchanges could pull the coin for a stunt like that.
[/quote]

I can see both sides of this. We are seemingly going to continue down the fork and assume the new price is going to keep miners happy even though they get shafted for the last two days of mining. Which damages credibility more? Depends on whether you see this as a community that stands up to attacks regardless of the short-term impact on value or do we care more about the short-term pump on value and seeming to be the most profitable? For me I would rather we made a stand against the attack.