Your Coin tv-programma
Feathercoin is an alternative to electronic payment systems. It is still not very popular, tho’ it has bot on the market for a long time. What type of cryptocurrency it is, and how it differs from the competition, will be discussed ter this article.
General Information About Feathercoin
Feathercoin appeared on the cryptocurrency market ter April 2013. The precies author of the system is unknown. During development, the founders were not only focused on Bitcoin but also paid attention to its forecasters, Litecoin.
The crypto-currency Feathercoin (FTC) wasgoed released ter April 2013 spil a fork from Litecoin using the then popular proof-of-work (PoW) Scrypt algorithm. Te latest years the situation has switched, many other coins have appeared on fresh algorithms and the Scrypt ASICs algorithm became available. The popularity of this cryptocurrency dropped sharply.
Ter order not to lose the position achieved by the early commence, the developers carried out a hard fork on the cryptocurrency on October 26, 2014, and announced the transition to a fresh algorithm, NeoScrypt. When the fresh NeoScrypt algorithm launched, the then popular resource MiningRigRentals.com made ASIC Equipments available te large quantities for rent and with large megahash rates.
The main task wasgoed to modernize the system. The improved product, however, is not much ter request.
The Main Similarities Inbetween Feathercoin and Litecoin
Feathercoin has borrowed many elements of the Lightcoin system, so the two currencies have much te common.
Use of the Algorithm
It is known that Bitcoin works on the onderstel of SHA-256. The fresh algorithm complements the functionality that ensures a quick interaction with the memory. Such modernization enables rapid currency punt. The formation of a block takes Two.Five minutes.
Spil with many other cryptocurrencies, Feathercoin does not have a single centre. The equality inbetween users ensures the independence of the currency, for which price is determined only by supply and request.
The main aim of the developers wasgoed to modernize the system. However, the cryptocurrency has some significant differences that make it attractive to investors.
Number of Coins
Ter the case of Bitcoin, the maximum possible amount of coins te circulation is 21 million, Litecoin has a limit of 84 million, and Feathercoin has 336 million. Only 189 million coins have bot issued so far, so the cryptocurrency still has fine potential regarding its punt.
Low popularity leads to low difficulty ter coin mining, so the complexity of creating a fresh unit remains insignificant. Ter other cryptocurrencies, the coin stock has already exceeded two-thirds, while Feathercoin has released less than 60%.
Projection of System Development
Feathercoin appeared on the market on May Trio, 2013, with a beginning price of $0.499 dollars. After the market entry, the price fell instantaneously due to low request. The cost of a coin, for example, averaged Ten cents across 2013.
FTC/BTC Price Chart
The only significant hop occurred ter early 2014 when almost one dollar wasgoed paid for an FTC. Feathercoin, however, could not hold on to this level and wasgoed quickly sold off. The system is mainly used by miners te the hope of reviving the cryptocurrency.
FTC User Terugkoppeling
Only those who participated ter the currency mining of the cryptocurrency before its listing on the stock market remained sated with the system. At that time, investors managed to make a considerable amount of money. However, most of the proceeds from FTC speculation were very likely earned by the developers themselves.
The main problem of Feathercoin is the low request spil the market chooses better-known cryptocurrencies. The work of the official Feathercoin webstek gives hope for the continued existence of the system.
Mining – How to Mine Feathercoin
Feathercoin uses NeoScrypt so it can be mitigated with the processing power of both CPUs and graphics cards (GPUs), the latter being the most efficient. You can mine with your own existing hardware or with a mining equipment designed specifically for hashing with NeoScrypt or similar algorithms.
While advanced users choose to mine themselves, most commence joining a mining pool that combines their hashing power with others. Thesis blocks are formed quicker and the prizes are distributed according to the computing power.
Albeit the Feathercoin does not even rank among the top 100 altcoins te terms of market share, there are still some fairly active mining pools, including The Blocks Factory, Give Mij Coins and the P2Pool.
Profitability of Mining Feathercoin
On the eve of the hard fork, the FTC cryptocurrency experienced a acute rise ter price, with a similar decline te difficulty. Some well-trained miners were able to make a good profit on the very first day of the hard fork.
With a 10-megahash scripting algorithm, you could earn FTC te the omschrijving of 1 BTC on the 26th of October. Spil a result of rising prices, the hard fork managed to place FTC 17th te market capitalization, with earnings of $Two.Three million.
The hash rates (speed) of popular graphics cards are presently:
Related movie: Altcoin News – Cryptocurrency Market, Litecoin and Cryptos Surging, Bitcoin $40,000? South Korea