Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FairQuark | FRQ | CPU Mining | 4% Fair Pre-mine | Get in NOW! |
by
Hilux74
on 19/02/2014, 09:17:12 UTC
How many miners are mining this coin ?
And who can explain this will difference from QrK,

Hard to say, you can gauge the amount of CPU cores through the difficulty chart and the number of workers or addresses at the varying pools, but that's not a definite indicator. My gut feeling would be 20 to 100, with a dozen major hashers tops.

The difference is the slower decrease, meaning you can still mine FRQ effectively for a while, while QRK mining got rather pointless a couple weeks after launch and is completely pointless now unless you're a QRK holder and want the network to live: rewards of 2 QRK, and negligible fees.

QRK was mined way too fast, and the network now lives only on subsidies from the big holders, it isn't clear if FRQ is slow enough (but it's not marketed/advertized enough, that is clear).

So yes, FRQ is quite concentrated, but you can still get in, if you want to (and at the moment it's cheap on poloniex, so I wouldn't bother mining too hard)

@mkimid

FairQuark made no changes to Quark besides doubling the halving periods and sticking the hypocritical prefix 'Fair' in front of Quark.  Even stole the logo from a quark logo contest.  Such a shining example of minimal effort.

If Quark was fast then FairQuark is 1/2 fast because all they did was divide by 2.  If mining Quark was pointless in 2 weeks then logically FairQuark was worthless to mine after 4 weeks which already occurred on Feb 12.  Must be time to release FairFairQuark.  Not to mention FairQuark had a 3% premine, Quark had 0%.  Whaaaaat how is that more fair?

If you want to mine a FAIR quark based clone then FairQuark is an obvious farce, the fairest to miner options are SecureCoin and Offerings to Cthulu.  Both of these do not have the rapid reward halvings and 6 months after release are still on the same block reward as day one.  This means any new miner starting today is only linearly behind an older miner not exponentially.  WOW that sounds fair...because it actually is!!!   Wink

People in this thread are pretty nice though so that's one thing FRQ has going for it that I can't knock.   Cheesy