I dont want to be negative, but I am very sure mtgox have a very effective business model and structure. Surly leaving that side of things may be a better solution. I would be willing to bet money on the inclusion of ftc will be based purely on how much $ they make from ltc trading (ok plus a little on the market value of ftc)
Im also pretty sure they have access to these forums - nothing personal but pumping and dumping comments may not help.

thank you very much for taking the time to answer my questions :) I had made a decision to stay and continue mining, although my questions may have seemed somewhat materialistic. here in the uk when i started mining the cost of elastictrickery means i am on a loser from day 1.
after mining for 26 hours and getting 7.5ftc alarm bells started ringing :( hence the questions :(
I feel a lot happier now :) and am pleased to stay put :)

a couple of questions. please be kind i am new to mining :)

1. is this rut normal or is it a follow on from the 51% ?
   2)looking at the stats the current 650,525 KH/s if i asume that most people have the same kh/s as me (im sure some will have less and a lot will have more) my current is about 720kh/s that makes about 903 people currently mining. the hash rate needs to increase for the transactions to function properly, is anything going to be done to increase the hash rate (other than to wait for the vultures to return once the difficulty drops)?
   just to add i understand that increasing the popularity of the coin will in turn increase the hash rate and i understand people are working very hard on that side.

looking at things the current difficulty is set to drop by basically one third, surely quicker but lesser drops would be better.

[quote name=“Vigil” post=“16424” timestamp=“1371650189”]
[quote author=sl1982 link=topic=1741.msg16414#msg16414 date=1371648408]
Thats not how it works at all. If you have a dynamic difficulty of every block I can just on the network for 10 minutes with a ton of hashpower and jack up the difficulty so much that if will take you hours to find a block. Once you finally do I can jump on again for a little while.

See this article for example of what happened to Terracoin
[url=http://cryptojunky.com/blog/2013/04/15/terracoin-price-recovering-following-technical-problems/]http://cryptojunky.com/blog/2013/04/15/terracoin-price-recovering-following-technical-problems/[/url]
[/quote]

I don’t know. I don’t think what you are talking about is the same as what I am talking about.

Good comments from SixGun. Yes, it has to be independent of the miners. That is what I was trying to get at - regardless of hashing power we need to always hit the block time target.
[/quote]

“See this article for example of what happened to Terracoin
[url=http://cryptojunky.com/blog/2013/04/15/terracoin-price-recovering-following-technical-problems/]http://cryptojunky.com/blog/2013/04/15/terracoin-price-recovering-following-technical-problems”

isnt this pretty much whats happening now to ftc?

there is your answer :) well sort of.
lock the pools - admittedly it would be difficult as 98% of those who only mine the highest profit coin will already have pool accounts.
how to create a new pool is well documented but of sufficient difficulty to deter those after the highest profit.
as it stands now those that continue to mine will only gain profit should ftc reach a higher exchange rate - that takes a lot of faith.
things will continue on a swing where hashrate falls off as difficulty gains, only to be exploited when difficulty drops.
there has to been an incentive to mine at the higher difficulty.
like right now. and i am starting to wonder.

Lol… i know the feeling, i have an old 4870 sat round that i know would give me 120 kh/s i know it would use more in power and then running 5 pcs to mine would raise my profile on the wifes pointless technology radar.
fortunately i am a pci-e power cable short :) - (i think in more ways than one :))
Ill just go back to checking the mining page every 5 mins to see if the next round has started :)

signed up and done :)

Hi all,
I took up mining a couple of weeks ago. mostly for fun. I started out with my main pc, upgraded the gpu to a 7870 im poor :( but ive built a further 3 more computers out of spare bits.
running a 5750, 5770 and a 4850.
I mostly like monitoring the stats :) used to be a software engineer in a past life but left the rat race. gives me an excuse to mess with computers again :)