Best posts made by taurus

Hey @Moderators, I’ve been on the forum for a couple of weeks now, but still can only post/reply to Newbies topic. Is there a specific requirement I have to meet to be able to post to other topics? Thanks!

Looks like we’ve lost a Feathercoin logo in the menu bar :(

@digga said in Feathercoin up 400% in a week:

like it’s only gone up about 2.5 times to me. 20->50.

It’s averaging around 75 and peaking above 100 for the last 24 hours.
https://www.coinwarz.com/cryptocurrency/coins/feathercoin

Interestingly, block #1889029 took more than 41 minutes (!) to create. This just shows that the difficulty was way too high for the going hash rate at a time. Coincidentally, this block has by far the highest Tx value: 226,757. Smells fishy to me.

@vigospqr,

Agree with all your points. As I pointed out, the only way to increase coin “value” is to boost demand. I got involved with Feathercoin only recently and unfortunately my first impression is not that great. The Mac wallet takes forever to sync, there’s no mobile wallet. I’m encouraged that there’s an active forum and that the developers are involved though.

@vigospqr said in FTC development vision:

So is it possible to create a Feathercoin gadget? that someone can plug in USB and start mining or maybe a £100 - £200 device which you connect to a monitor and start mining.

Not possible, IMHO. Effective FTC mining requires a high-performance GPU these days. Those alone run into $200 - $500, not counting other components (Motherboard, CPU, memory, etc.)

Agree with @AmDD. Get 1070 if you can afford it, or at least 1060 (6GB version).

ccminer uses less 1GB, so theoretically, you could build a rig using super-cheap 2GB 1050 TI’s, but you’ll need 3-4 of them to match 1070 hash rate, so price-wise it will be the same. 2GB 1050 TI’s are cheap now because you can’t mine Ether with them.

@digga said in Feathercoin up 400% in a week:

More profits for the miners.

Actually, no. Since the network difficulty has also quadrupled, the profits are essentially unchanged.

True, but that event was triggered by the hash rate spike from 1.6 GH/s to 14 GH/s (>800%). Right now the hash rate is around 3 GH/s.

I see that difficulty jumped up to ~200 today, while it was hovering around 30 in the past weeks. This is a huge 700% jump!The network hash rate is somewhat higher than usual, but not out of the ordinary. What’s going on?

@Wellenreiter,

After mining for 4 days on P2pool @ ~6 kH/s, I havn’t got a single share. I watched someone mining at ~50 kH/s and I think they’ve got maybe a couple of shares in the same period (worth something like $0.02) Pity. ;(

At least, I know now that Feathercoin CPU mining is not feasible.

@vigospqr said in Who is buying?:

Comparatively Feathercoin should be worth much much more. Why doesn’t it though?

Comparing to what? People take “currency” in cryptocurrency too literally. Cryptos are not backed by any real assets, so they’re not currencies by definition. Even the flakiest of the fiat currencies are backed by the power of the state (the issuer) to collect taxes. Cryptocurrencies are backed by nothing, so their prices float against nothing. It’s a virtual asset with limitied supply and its price is only determined by supply and demand. There’s no intrinsic value.

@calvinweight
FWIW, mining activity also picked up in the past few days. FTC network hashrate more than doubled from around 1.5 GH/s to 3.5 GH/s. Coincidence?

@Wellenreiter
You’re correct, of course. It’s a common problem with all blockchain algo’s. It’s has fast response time to the hash rate increase, but slow response time to the hash rate decrease because the difficulty can only be adjusted on the block boundaries. So, a rapid decrease in hash rate can cause network starvation, i.e. no new blocks created for a long time.

I have not tried nsgminer, but my understanding is that it uses OpenCL API. I bet ccminer is faster, since it’s native CUDA, but I could be wrong.

@gooders said in Need help choosing hardware:

What mining software did you use to CPU mine?

I used cpuminer-neoscrypt on Intel Core2 Duo running Debian 9.1. My power consumption was running around 130W, making it awfully inefficient, even if I could muster 1 FTC per day as @looarn mentioned.

My understanding is that by the nature of p2pool’s PPLNS payout scheme, 6 kH/s is well below the noise level at current difficulty, thus yielding zilch shares.

I’ve switched to GPU mining since then, getting ~500 kH/s with much better results - ~16 coins per day. Still, it’s not profitable at the current price level due to high electricity cost in my area.

@AcidD said in Need help choosing hardware:

The only thing you can mine Feathercoin with is a CPU or GPU.

Is CPU mining still feasible or GPU is a must? Thanks!