Bitcoin Forum

try bidding for three days, cannot get any, too long for a pump. it is like something is happening  >:(

btw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins.

Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.

Vertcoin golden days starts when Scrypt Asic's come

How this coin would appeal to non-miners over other coins?

vertcoin seems to appeal to miners more than the market.  Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it.  

The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future.  As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized.  The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized.  With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does.  The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic.  Also, Litecoin started dropping in value the same day...

Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins.

Also, the VTC wallet (on windows at least) supports the vertcoin: protocol for accepting http requests from QR Code scanners.
So you can display a QR Code on your website, customer scans the qr code & the vertcoin wallet opens to confirm & authorise the request.

How many other alt-coins have implemented this?
I believe BTC, LTC, DOGE, VTC have this functionality... If you know of others, let me know.

I'm surprised it isn't stronger...

Vertcoin is the 3rd coin, the (new) GPU coin

It's just the beginning ;)

GPUCoin, VertCoin, EXECoin, EmuCoin and ThorCoin will be the go-to coins for us non-ASIC miners.

centralizing the mining aroung gpu only is not decentralization

i'll give vertcoin mining a try.  thanks, people in this thread.

Thirtybird has had a lot of success mining YAC with R7 GPUs.

YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.
There are another two big N factor increases scheduled for this year.

Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.

https://bter.com/trade/yac_btc

https://www.cryptsy.com/markets/view/11

YAC has been largely forgotten in the excitement of the other new coins but it will deliver.

The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains.

isn't x11 or the heavycoin algo better? your vga run much cooler comapred to scrypt-n


you can't centralized around gpu, because gpu can be obtained by everyone, asic instead, not so much(not talking about low hash asic)

If you can't afford to buy VTC at current prices, there are other ASIC-resistant coins available. MicroCoin is especially cheap right now.

Litecoin 2.0

every good coin gets ASICs there's no running away from that.

yeah but not now, that's the deal, before they release an asic for vert, at least one year will pass, in the meantime another anti asic algo will pop up and so on...

I seem to be thinking very childish and elementary on this, but couldn't you stop ASICs by making the algo REQUIRE a GPU or CPU?  Have some sort of hardware detection process, and if you don't run a certified AMD/NVIDIA GPU or Intel/AMD CPU then it won't give you work/shares. 

I'm not sure if that is really possible in the realm of mining, just something I thought of the other night.

Yacoin was abandoned by the developer and later received some patchwork help by random people.  I don't know what the current state of the coin is, but it's probably still in limbo.

You clearly spend very little time reading the VTC forums.

Pls stahp posting

I think most of people didn't realize the advantages of this algo, it keeps your GPU much cooler, and your power bill is much lower, because it draws less power from the wall.

Vertcoin is what litecoin was supposed to do and failed at. Period.

no, it is not making money. it is just a last resort that GPU miner can rest. >:(

Yes. Because this guy did a video on it saying he's been researching coins for weeks and decided Vert was the only one he'd invest in. Then the video got an airing on BrotherJohnF's "Bitcoin Channel". Within 25 hours of it appearing, the price started rising. (Unjustifiably).

Now that that video's fading into history, it will start to dump again and you'll be able to get some.

http://www.youtube.com/watch?v=SGJN3sHLZS0

I think the shift to ASIC resistant coins is interesting, but also an inherently misguided unless the coin offers some other substantial benefit to owning it.  Darkcoin for instance, is very asic resistant with the X11 algorithm, and yes it draws less power and allows the GPU cards to mine cooler at higher hashrates, however this alone would be uninteresting to me.  

But Darkcoin is also fixated on making it's privacy features trustless and native to the client, offering additional benefits that other open ledger cryptocurrencies can't provide.  The idea of trying to "taint" or blacklist darkcoins just isn't feasible, and you'd never need to trust or a 3rd party service for coin mixing.

Beyond that, it's reward schedule is limited not by halvings, but by very gradual 7% annual reductions in the block reward.  One to watch if you ask me.

https://i.imgur.com/z8BufxJ.png

Rofl
Yes... And nothing to do with the fact that scrypt asics just came out.....
And Iraq has WMDs lol

the video has only been viewed 2000 times. that can pump a coin 3x? could not even finish watching the video, is that a research for 5th grader? geeee, I should post a video on youtube to pump something, or anything

 ???

scrypt miner pre-orders started and they sold like 2 million worth or something and they are reported to be WAAAY faster than gpu's..
so scrypt coins may be dropping in value soon.. i have been mining VTC for a couple months now and have dropped my scrypt coins and bought some VTC.

here is a link to the scrypt asic pre-order story posted recently..
http://www.coindesk.com/scrypt-asic-race-intensifies-knc-scores-2m-preorders/

Yeah, just hoping that folks don't start making even sillier stuff like LeBron James coins, Justin Beiber coins, Miley Twerker coins...etc.  :)  Hmmm, do the mutant ninja turtles have their own coin yet?

Why does a coin get more valuable when you can't mine it with ASICs? It doesn't make any sense. ASICs make the coin more secure. This is like saying that some internet connections are DSL-proof, so only modem 56k can use it and therefore it is more valuable...

The alternative to ASICs is POS - for now. (let's see what the future brings)

i dont think vtc and other coins has that algo are asic-resistant
because they just doubled an default integer value and thats all i am sure by a new fw old scrypt asics can hash scrypt-n coins

real simple.. do you gpu mine Bitcoin ? of course not nobody does and if you did your a moron.

and to the other guy ya the asic resistance is built into how it works and you clearly don't know how it does so go read up on it.
i'll give you a hint.. it changes over time.

when asics take more of a strangle hold on all the scrypt clone i have no doubt at all that Vertcoin will become far more popular and valuable.

So? How does it make a coin valuable when some old miners with GPUs can mine it? Would Bitcoin be at 10 000$ if it would be ASIC proof? Just think about it. What makes a coin valuable? Are this the cheap transaction? Independency from state or banks? transaction time? Anonymity? Or is it because you can mine it?

as long as we're talking about independence from banks, the rise of the cloud mining, datacentre mining, and the concentration of hash power results in just another centralized currency.  i think 2014 is the end of the home miner for bitcoin as serious miners move to a few dedicated mining farms.  meet the new boss, same as the old boss.  

Part of the value of the coin resides in its resilience to attack.  a distributed blockchain is more secure than a blockchain controlled by a handful of entities.

and then vtc presumably changes the N value again, or changes algorithms. 

If you want to reach a higher level of security, there is no way that every normal PC can mine it. Miners want to make profit and look for more efficient mining hardware. It is even more efficient to have a GPU or CPU farm instead of one graphic card in a gaming PC.
Let's assume, the current hartrate of Bitcoin gets divide to individuals with the same hashrate, one GPU with 600KH/s(a 7950). We have now 40 000 000 000 000kh/s, so this would be 67Mio. individuals. Each of them would get 0.000054btc every day. Depeding on your country you need 0.002-0.005btc electricity.

So now, tell me, how this should work.

 ;D ;D ;D  :D