What's your strategy to get back on your feet ?

Hi guys !

I finally got my rig running and operational 2 weeks ago, and received and installed all the gpus last friday (3x7950 at the moment)

It’s great, 1900 khs avg, wu 1800, 0 hw, blablabla…

Now, how can I get the most out of it ? Is it possible to support Feathercoin without mining it ? I’m wondering because I see a lot of the big rig guys in here talking about other currencies, and I wonder if they still mine feathercoin to get back on the investment at first.

I mean : What do you do get you ROI back ASAP ?

What would you do with 1900 khs, keeping in mind that you believe in FTC but also want to expand your mining power ?

My general thoughts are that the trickiest thing in cryptos is actually making a choice of what to do with your hashes…

Thanks for your feedback !

sheepson

With the current difficulty your ROI will be very fast, in like 2 months (depending on your kw/h price etc).
You can calculate it here:
[url=http://calc.feathercoin.com/]http://calc.feathercoin.com/[/url]

Im just mining for FTC, and when i need cash for powerbill or something i cash some FTC out :).

wrapper

There arenâ€™t any other coins worth considering at the moment, they have all been attacked to death or are one man bands. I have been particularly looking for a safe place to point an ASIC, if you can’t mine Bitcoins.

I have only seen discussion on Feathercoin forum of other coins for CPU miners, where they have very low hash rate and won’t get any coins, compared to GPU mining. Or, for ASIC miners where they are not Scrypt.

I think you could mine Feathercoins or Litecoins, with your rig and (currently) it will be profitable. You will make more Feathercoins, because Litecoin is more established, there are more miners, and therefore it’s Difficulty is higher.

My rig is very small compared to yours. In the past FUD has been created because, if more miners mine a coin they will increase the difficulty, and make the current miner earn less. One of the reasons many Alt-coins are promoted, is to spread the miners load.

I’d say mine Feathercoin, members have been spending months arranging the forum and creating guides for you to do that.

lizhi

[quote name=“sheepson” post=“42428” timestamp=“1386675000”]
With the current difficulty your ROI will be very fast, in like 2 months (depending on your kw/h price etc).
You can calculate it here:
[url=http://calc.feathercoin.com/]http://calc.feathercoin.com/[/url]

Im just mining for FTC, and when i need cash for powerbill or something i cash some FTC out :).
[/quote]

difficulty will go to 500. Greater risk of future , Careful :)

Thanks guys for sharing your thoughts !!

I guess i’m gonna follow your opinion and my guts by going all-in with mining FTC.

It does feel weird though to see difficulty changing your daily profit, even if it’s part of any crypto deal, it’s kind of hard to accept.

angloblaxon

[quote name=“drumamat” post=“42596” timestamp=“1386700391”]
Thanks guys for sharing your thoughts !!

I guess i’m gonna follow your opinion and my guts by going all-in with mining FTC.

It does feel weird though to see difficulty changing your daily profit, even if it’s part of any crypto deal, it’s kind of hard to accept.
[/quote]

i toy around with other currency. I got some pointed at FTC, LTC, WDC, and PXC. Most of my hash sits where i can hit ROI faster while still banking coins

PhantomSTi

Been mining Feathercoin since it was released. Best long term bet investment I’ve made so far.

Thanks for your insight !

I did try multicoins pools. For only few hours, then I said to myself that I didn’t care about instant profits because I genuinely feel that FTC are going to worth way more. And yes, I did invest an amount I was comfortable with, but buying two more rigs right now would be harder…

On an other notice (careful, million FTC idea, or stupid one, but who knows…) :

I saw that difficulty was changing with the network hashrate. The more people mining the more difficulty raises.
Why not having some sort of program (on the pools side) that would artificially disconnect/reduce power of the users on the few last blocks before retarget ? That could keep the difficulty low and profit to all miners/pool owners !
I mean, I understand that the currency needs to become harder to mine (among other things) to gain value, but nobody ever thought of something like that ?

Kevlar

[quote name=“drumamat” post=“42739” timestamp=“1386713707”]
Thanks for your insight !

I did try multicoins pools. For only few hours, then I said to myself that I didn’t care about instant profits because I genuinely feel that FTC are going to worth way more. And yes, I did invest an amount I was comfortable with, but buying two more rigs right now would be harder…

On an other notice (careful, million FTC idea, or stupid one, but who knows…) :

I saw that difficulty was changing with the network hashrate. The more people mining the more difficulty raises.
Why not having some sort of program (on the pools side) that would artificially disconnect/reduce power of the users on the few last blocks before retarget ? That could keep the difficulty low and profit to all miners/pool owners !
I mean, I understand that the currency needs to become harder to mine (among other things) to gain value, but nobody ever thought of something like that ?
[/quote]

It seems like a good idea on the surface, doesn’t it?

The fact of the matter is retargeting (in Feathercoin) uses a moving average window to prevent such deception.

It used to be that people would even take it a step further, and set the timestamp on the block as far back as the network would allow it, making it look like it was taking a really long time. This is called a “time warp attack”, and it was a real problem for difficulty for a while before the new retargeting scheme.