Feathercoin (FTC) is a decentralized cryptographic currency that functions on the peer-to-peer technology. It delivers fast, global, and secure payments with near zero transaction fees. Powered by the scrypt hashing algorithm, payments made under Feathercoin are borderless and all transactions can be processed by anyone with affordable computer hardware using open source software. Just make sure you have your Feathercoin wallet with you, so you’ll be able to experience these incredible features.
One of the major key points of Feathercoin (FTC) is the scrypt-based hashing algorithm. This offers a different solution to Bitcoin which uses the SHA 256 algorithm. Scrypt is the only feasible solution for CPU and GPU miners as Bitcoin mining is now dominated by expensive and top-of-the-line hardware specifications. In effect, users are allowed to use consumer-grade hardware when mining FTC.
The network has a coin cap of 336 million coins; this makes it four times higher than that of Litecoin. With roughly 130,000 blocks produced, you will have so much time generating blocks and cracking complex algorithms to cash in tempting block rewards. Another great thing about Feathercoin mining is that it banners an attractive block reward of 200 FTC, a 2.5-minute block time, and bares a Feathercoin difficulty adjustment of 504 blocks. Keep in mind, though, that the block reward retargets every 840,000 blocks, so better start mining now before the huge block reward lasts.
Should you wish to earn more coins than the usual, you can participate in some Feathercoin mining pools online. Although pooled mining offers a lot of advantages compared with solo mining, you also have to consider some factors like pool fees and required number of confirmations when it comes to payouts.
Indeed, mining necessitates time, effort, and ample computing power to make profits. To this end, miners are encouraged to determine their mining profitability through the use of Feathercoin calculator. By simply keying in the difficulty, block reward, hash rate along with other details like exchange rate, power consumption, and hardware costs; you can see your estimated expected earnings in your desired time frame.
On the other hand, if you feel that your wallet needs extra coins, then look for some Feathercoin faucets online to get your free supply of FTC.
Due to its increasing popularity in the crypto-currency arena, Feathercoin (FTC) is now traded in a number of exchanges like Vircurex, Bter, Crypto-trade, BTC-e, Cryptsy, and mcxNOW, and Coins-E. With so many exchanges to choose from, you’ll be spoilt for choice. Not only that, you’re guaranteed to find the best deal for buying and selling FTC. After all, the Feathercoin price/value settles on a competitive price point than other altcoins. This puts FTC above the other alternative cryptocoins in terms of market performance.