Post
Topic
Board Announcements (Altcoins)
Re: ★★ [ANN] GiftCoin [GFT] Reignited - Giftcoin is back! [BIG COMEBACK] ★★
by
manicminer44
on 24/01/2014, 13:11:34 UTC
Anyone mining this scam coin is literally wasting electricity.. the difficulty retarget is still a huge issue.

You are right, it is a huge issue. But if we examine strictly the difficulty only, it is not a waste of electricity. With 25Mhash net rate the avarage time to find a block is around one day. Dev try to make some hype to convince people to mine, seems logical. The only way to solve the problem is to increase the net hash rate, so miners are needed. With ten times the net hashrate we have now it would only take around 2-3 hours to find a block. In this case raterget could be achieved within one month. Unfortunately dev left us alone for too long time, so now only a few of us trust him.

I don't see the future in bright. I am mining at the moment on the official pool with 1.7Mhash, I would like to give a last chance to this coin. There is only another unlucky (?) man with me. If I don't see a rise in the hash rate by the time I find a block, then I will leave. We are at 62% est. shares, I expect to find a block today (local time 14:04CET).

I think these days are the last chance of this coin. I  say, this coin worth a last try, please join one of the pools and start mine. Soon we will have a block and the one find it will get a 100GFT reward.

If no miners are joining, we are dead.