Or someone could just fork the coin, give it a decent name like minibit or microblock, and replace the m7 algo with dual merge mining sha and scrypt like huntercoin; or even better triple merge mining with qubit or something gpu friendly too, to give the coin a wider distribution. I don't see the reason here for a new algo (m7) except to have private miners, so that a select few can have a mining advantage while the block reward is at its maximum. The early miners only got a small amount of coins(Less than 1mill). Around only 5million coins have been mined so far(1 month after the first day mining incident) , and the total supply is 1.8billion. You're right, I'm not trying to exaggerate and make it sound like a huge problem - the coin is emitted over a very long period of time. However, it's not really incorrect to say that there was and probably still is private miners when the block reward was at its maximum either, since the reward is constantly decreasing. I mean, there's no premine, so gotta get your coins somehow I guess, but I don't see any other reason for not just going with an established hashing algorithm, if not merge mining with one or several of them. |
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Or someone could just fork the coin, give it a decent name like minibit or microblock, and replace the m7 algo with dual merge mining sha and scrypt like huntercoin; or even better triple merge mining with qubit or something gpu friendly too, to give the coin a wider distribution. I don't see the reason here for a new algo (m7) except to have private miners, so that a select few can have a mining advantage while the block reward is at its maximum. |
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Hey guys, I just updated the new bountyboard that I made. I don't think it was mentioned here: http://birdonwheels5.no-ip.org/myriad-bountyI updated it to show who's working on the claimed bounties. Also, I did a bunch of work with my web services, so that you don't need to use non-standard ports to access them. Everything can be found at the Insight block explorer @ http://birdonwheels5.no-ip.orgEnjoy  Nice birdonwheels! Maybe you can clarify this one a bit: Algorithm Monitoring Dashboard
Algorithm Monitoring Dashboard that datamines all current algorithms used by coins but not used by Myriad |
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After starting bitmonerod.exe it synchronizes with the network for some time till it tells me that it is synchronized and I can start up simplewallet.exe
You can try deleting/moving your binary wallet file (default name wallet.bin) and just keep your keys file (wallet.bin.keys), and then let simplewallet rebuild the binary file. If you're moving a wallet file from 32-bit to 64-bit this can definitely be an issue, also moving from *nix to windows I think. |
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Maybe rather than coin just replace with bit or byte, so, minibit, millibyte, nanobit, nanobyte, picobit, femtobyte, attobit, zeptobyte, yoctobit, etc.
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It took us a very long time to find a good name which hadn't already been used, and the domain was still available. I also really like the logo we have, which I paid to have made. At this point it would be a total pain to change the name, but if you want to call it MiniCoin as a secondary name and redirect one or more of those domains to cryptonite.info I wouldn't be against it. Personally I just don't think changing the name would really benefit us very much, I think there are far more important things to focus on, and if the name is good enough now I see no reason to mess with it.
I'm sorry, but it's not a good name. You say it was chosen to avoid confusion, however there are many people who are confused because of the very name you chose (due to the already existing cryptonotes and cryptonight). The name does cause confusion while doing nothing to describe the function of the coin. Also, just because you paid for a logo doesn't make it good. It looks more like a 'v' than a 'c', imo. My idea for a name: deoxyribonucleic acid. It's a really tiny chain, there's no way anyone is using this as a coin name, and you have an awesome ticker (DNA). I know, it sucks, but it's still better than cryptonite. |
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it seems like it will just adjust the algo to something like x11, but does it change the memory hardness schedule?
Lyra2 is a completely new (password hashing) algo, not used in any cryptocurrency. Lyra2RE is Lyra2 with reduced efficiency by chaining with other algos (like x11). It's not clear if vert is going to become multi-algo (lyra2 and lyra2RE) or one or the other or what, tbh... |
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How ASIC resistant is vert anyways? It seems like once the demand comes ASIC's will follow.
The posted schedule of varying N factor makes it seem as if it would be profitable to build an ASIC even if it is only good for the time the schedule is in that N factor.
Concidering that current ASIC tech is completely obsolete in a matter of month's, the 2 year N factor hold would be no real barrier to building ASIC's for this coin.
Are there any coins which use a varying Nfactor on a per block basis? I feel like that may be more effective in the long run. at least then you would need several machines to cover the gamut of N factors in play. And even if they had ASIC's they would not fair really well at the high N factors. leaving room for CPU's. GPU's and ASIC's to lay their claim on certain blocks but not others.
Maybe you haven't heard but the algo is being completely changed, there will be a hardfork in the next month or three to lyra2: https://vertcoin.org/lyra2re/ |
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Sure, but those metals aren't used as a pseudo-currency anywhere, unless I'm mistaken.
There are plenty of random things worth arbitrary amounts of money (diamonds, printer ink, human blood, etc.), but be them as valuable as you like, they still aren't a currency nor resemble one.
Who is using gold and silver as a pseudo-currency? Afaik precious metals (Au, Ag, Pt, Pd, etc.) are a commodity, not accepted as cash payment anywhere that I know of. |
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Perhaps it is good to interpret my own post because it wasn't obvious:
As with metals, the #1 is really valuable, but the #2 is only about 1/50 as valuable. Others are not even counted.
So will it be with coins, therefore do not buy coins that aim to be #3.
I'll assume you're referring to gold and silver. Assuming that's the case, you're wrong. Platinum is more valuable than gold and palladium is about 75% as pricey as gold, and there are plenty of other metals that are more valuable per unit mass than silver (I'm not finding a list real quick, but I'd guess indium and most of the rare earth metals like gadolinium, europium, etc.). |
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Looks like some trolls here.
I don't own any duckbills (sorry, ducknotes is a poor name in comparison with the incomparably glorious duckbills), so I don't really care, but cmon dev, really? Calling your own users trolls? Such professionalism   |
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That is good. Does Bushido go to #vertcoin freenode too?
Not really anymore, unless he's just lurking... |
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It seems quite complex, By constructing the network link adjacency matrix, we can compute the Eigenvalue centrality measure which measures the influence of each node. We can cluster the graph and find the influential subclusters of nodes and then sampling nodes from the subclusters can determine if global consensus has been reached. and as some wise person probably once said, A complex system can fail in an infinite number of ways. |
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Just donated 100XMR Love you guys!  2014-08-26 15:55:14 COMPLETE: 1bd12d58c821078673ff5e821a5d443ad52521a23fa11b87987ede09fca4a8d8 We love you too! / \/ \
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VSuch ASCII art...much skill...wow... Who exactly is working on the GUI again? :/ Can't wait for fluffypony's ncurses based GUI!!! |
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agree with mikeyfinn, everything OSYA says is just 'wat'
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does duck note do anything monero does not?
I bought some a long time ago at 6 sat should I sell?
duckNote development is absolutely different comparison with Monero. duckNote has its own absolutely unique features and duckNote GUI wallet is the only "light" and "heavy" wallet both working with 1 button click. duckNote devs are working on High Level API and wallets and services based on it (there is one already), while Monero do not have Hight Level API at all. I think what dNote was trying to say is, "yes" |
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Are there (safe) linux miner binaries available anywhere? Specifically the skein miner
Usually for linux you're much better off just compiling it yourself. |
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Just have no idea what my hash rate is. Just keeps saying Detected New Block
I'm not really familiar with the simplicity software, but if you're mining at a pool, you should be able to check your address/username at the pool's website, and see you're hashrate there. |
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i received the signal,if you did ,you know what i say.
what's next, PM me, i am waiting here.
the eagle has landed?  |
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nice! I sent 20 vtc. They have a pretty big goal tho... |
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