Yes, just happened to catch the tail end of it.

That was really cool to see you on there!

[quote name=“HopeStillFlies” post=“54457” timestamp=“1390512714”]
FWIW, multipool does it’s switching based on what coin is easiest to mine at that current moment. That it hasn’t even made an appearance for a few minutes in nearly two months on the switch means it’s not even in the 5 easiest coins to mine. And that’s not of all the altcoins, that’s the ones with the highest network hashrate.[/quote]

No, I don’t believe that’s accurate. At multipool.us, they have a calculation that combines the factor of “how many coins can be mined” (meaning hashrate…just to make a long story short) and the trading value at that very moment of the coin. I believe that is how they calculate the figure they call “profitability” in their charts.

[quote name=“estrabd” post=“54452” timestamp=“1390510528”]
[quote author=Undone link=topic=7152.msg54438#msg54438 date=1390507503]
[quote author=estrabd link=topic=7152.msg54433#msg54433 date=1390505741]
Difficulty crept way down the other day, now it is inching upwards. That is how the supply is throttled - it is not by “reducing the number of coins”.[/quote]

No, not really. The block reward is the same, every block. The mining difficulty does not change the “supply.”
[/quote]

[b]What I mean is that it reduces the frequency at which blocks are found[/b] - at least this is my understanding. If I am wrong, please correct me. Thank you.
[/quote]

No, the bolded is not correct. It merely reduces your odds as a miner of solving the block.

Feathercoin has a block target of 2.5 minutes. This means that the network expects a block to be solved in exactly 2.5 minutes. As the network hashrate goes up or down due to more/less mining being done on the network as a whole, the difficulty level is recalculated (essentially) every 126 blocks. At which time, the difficulty is either raised or lowered so that the target time for block solution is back to 2.5 minutes.

Thus, as a function of average, blocks are solved (or as you phrased it, found) essentially every 2.5 minutes, at a block reward of 200 coins per block. Now, it is true that the block reward will halve every 840,000 blocks. But that won’t happen for roughly another 685,000 blocks. :)

**Edit** To maybe speak more plainly to your original intent though, what an increase in difficulty means for a miner [i]who hasn’t increased or decreased his own personal hashrate[/i] is that you earn less coins per day (when mining in a pool - with solo mining, you also statistically will earn less coins also because your odds of block solution go down).

[quote name=“estrabd” post=“54433” timestamp=“1390505741”]
Difficulty crept way down the other day, now it is inching upwards. That is how the supply is throttled - it is not by “reducing the number of coins”.[/quote]

No, not really. The block reward is the same, every block. The mining difficulty does not change the “supply.”

I voted!

You’re awesome, ChekaZ!!

[quote name=“ChekaZ” post=“53977” timestamp=“1390411245”]I dont even think it was an asic test. At the point of the first mature grow in hashrate I didnt know that there are multipools out there like middlecoin.com which got 17gh/s scrypt hashing power. Seems like they just “leeched” Feathercoins to drop them onto the market.[/quote]

Yes, this.

The multipools no doubt account for the drastic doubling/halving/whatever of the Feathercoin network hashrate. This was also bizarre to me at first until I understood how the multipools work.

[quote name=“estrabd” post=“53851” timestamp=“1390368477”]
I noticed the same thing. I just figured that the hashing power on the network has decreased correspondingly.
[/quote]

Just want to make sure this is clear for any that may not understand - hashrate on the network [i][b]is[/b][/i] the difficulty level. They are one in the same.

Good point.

./timetogiveup.sh

:P

mont, download GUIminer SCRYPT. Not the plain old GUIminer.

Then watch this tutorial:

http://www.youtube.com/watch?v=6krqQWpwyJk

The tutorial was made for Litecoin, but all of the coin pools are the same, essentially. You could create an account on give-me-coins.com where you can mine well for Feathercoin.

(The kid in the video is pretty ridiculou - but for what it’s worth, that’s the tutorial that got me up and running originally)

[quote name=“crazyinside” post=“53845” timestamp=“1390363433”]
looks like ftc is doomed, even the minning diff is dropping fast
[/quote]

Sorry to single out this one post…but Feathercoin is not doomed at all.

So the trading value went down for a week or two? Not really a big deal. It will come back up, because this coin and its team are awesome. There is value in Feathercoin, and sooner or later it will be recognized in the trading price.

Until then, it’s time to keep building FTC up in every way we can.