[$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!]

[chilly2k]

another exchange you can get on.   this is where i watch atm.   not only ofc. but one of

https://c-cex.com/?id=&settz=4

weve been listed on c-cex for over a year lol

Sure, but he found  you on a diff exchange and was asking for a different one.

not sure how  you meant your comment so i would defend my comment about his comment, from your comment.   

g

   That confused me too.  But giantkin, you didn't quote the original post, so Dogedarkdev thought you were just making a comment about a new exchange you found us on.  I had to read a couple of posts back from your original post to find out what you were referring too. 

Is there a preferred exchange for xvg ? I am using bittrex and the confirmation time is god awful. I don't think it should take hours for a deposit to clear -_-;

[giantkin]

another exchange you can get on.   this is where i watch atm.   not only ofc. but one of

https://c-cex.com/?id=&settz=4

weve been listed on c-cex for over a year lol

Sure, but he found  you on a diff exchange and was asking for a different one.

not sure how  you meant your comment so i would defend my comment about his comment, from your comment.   

g

   That confused me too.  But giantkin, you didn't quote the original post, so Dogedarkdev thought you were just making a comment about a new exchange you found us on.  I had to read a couple of posts back from your original post to find out what you were referring too. 

Is there a preferred exchange for xvg ? I am using bittrex and the confirmation time is god awful. I don't think it should take hours for a deposit to clear -_-;

ahh  i thought i did.  that explains that.  course, just reading my comment i can see its, odd on its own. lol.     Well, it dont help im a bit of a goofball

and typing/clicking while on the phone, taking orders, placing orders, typing up quotes etc.   might get a bit ....  disjointed lol
ofc, im a bit MORE off the wall, when im focusing on what im typing!   so theres that heh

[TheSignsGuy]

Hey Folks,
 I am looking for an ELI5 step by step explanation on how to use the Verge wallet's console to import a paper wallet's private key.
Thanks in advance.

[p75formula]

Hey Folks,
 I am looking for an ELI5 step by step explanation on how to use the Verge wallet's console to import a paper wallet's private key.
Thanks in advance.

I've never done it for VERGE but I assume it's like all the other qt wallets.

Open console
enter importprivkey <enterkeyhere>

[CryptoRekt]

I would just point out to all the people bringing up digibyte that myriadcoin was the original five algo coin that dgb forked from. Also, it seems dgb development has stalled while myriad is in the process of releasing a rebase to Bitcoin v0.11.2. So, if multi algo is chosen as the way to go, probably better to fork from myriad and bring verge up to date with a modern btc codebase.

This is a very valid point.

[myriadcoin]

I would just point out to all the people bringing up digibyte that myriadcoin was the original five algo coin that dgb forked from. Also, it seems dgb development has stalled while myriad is in the process of releasing a rebase to Bitcoin v0.11.2. So, if multi algo is chosen as the way to go, probably better to fork from myriad and bring verge up to date with a modern btc codebase.

This is a very valid point.

Just out of curiosity, by adopting another POW algo, has there been any consideration to any (if any) technical debt changing might incur?

What do you mean by technical debt? It would require a hard fork, which is pretty safe for healthy altcoins. We're not in a position like bitcoin where we would have to reach out to such an enormous global network of miners (yet!).

Scrypt miners on lower profit margins would get pushed off the network (or switch to merge mining?), but miners from the other algorithms would come online, sending the overall hash rate to new highs.

[TheSignsGuy]

Hey Folks,
 I am looking for an ELI5 step by step explanation on how to use the Verge wallet's console to import a paper wallet's private key.
Thanks in advance.

I've never done it for VERGE but I assume it's like all the other qt wallets.

Open console
enter importprivkey <enterkeyhere>

Yes it worked......was having some trouble with typos.

Thank you.

[bitLeap]

interesting read

SHA512 vs. Blowfish and Bcrypt

http://stackoverflow.com/questions/1561174/sha512-vs-blowfish-and-bcrypt

[myriadcoin]

Are you saying that in a multi algorithm system that those that use other protocols e.g. X11, will get more coins opposed to those that mine on algorithms that are not desired?
 

It's no question of desirability. Right now, scrypt miners get 100% of the blocks. Under a 5 algo system, they would get 20% of the blocks. The implications depend on whether or not merge mining is enabled.

If it is, the same scrypt miners will continue mining Verge, but on top of LTC. They will have to trade their LTC for Verge.
If it isn't, only the most efficient scrypt miners will be able to continue profitably. The rest would have to mine other coins and trade for Verge.

Basically, this will be a mild nuisance to people with older/cheaper scrypt miners. On the other hand, 80% of the coins will now be distributed among a much wider market, including sha256d ASICS and GPUs. This will ultimately increase the value, and scrypt miners who held will be rewarded for the fork in the end.

[kurniajim]

Yes!
down down down!

[bitLeap]

Are you saying that in a multi algorithm system that those that use other protocols e.g. X11, will get more coins opposed to those that mine on algorithms that are not desired?
 

It's no question of desirability. Right now, scrypt miners get 100% of the blocks. Under a 5 algo system, they would get 20% of the blocks. The implications depend on whether or not merge mining is enabled.

If it is, the same scrypt miners will continue mining Verge, but on top of LTC. They will have to trade their LTC for Verge.
If it isn't, only the most efficient scrypt miners will be able to continue profitably. The rest would have to mine other coins and trade for Verge.

Basically, this will be a mild nuisance to people with older/cheaper scrypt miners. On the other hand, 80% of the coins will now be distributed among a much wider market, including sha256d ASICS and GPUs. This will ultimately increase the value, and scrypt miners who held will be rewarded for the fork in the end.

It depends which Multi-Algorithms are used (if MA is chosen although it seems it's almost a done deal). For ex. Saffroncoin - SHA256D, Scrypt, Groestl, X11 and Blake | Myriad - Scrypt, SHA256D, Qubit, Skein or Myriad-Groestl

All in all this can help decentralize even more VERGE as mentioned it's a good thing definitely less XVG will end in same hands. Selling XVG without even realizing it's good news will make people regret deeply

[Dogedarkdev]

Are you saying that in a multi algorithm system that those that use other protocols e.g. X11, will get more coins opposed to those that mine on algorithms that are not desired?
 

It's no question of desirability. Right now, scrypt miners get 100% of the blocks. Under a 5 algo system, they would get 20% of the blocks. The implications depend on whether or not merge mining is enabled.

If it is, the same scrypt miners will continue mining Verge, but on top of LTC. They will have to trade their LTC for Verge.
If it isn't, only the most efficient scrypt miners will be able to continue profitably. The rest would have to mine other coins and trade for Verge.

Basically, this will be a mild nuisance to people with older/cheaper scrypt miners. On the other hand, 80% of the coins will now be distributed among a much wider market, including sha256d ASICS and GPUs. This will ultimately increase the value, and scrypt miners who held will be rewarded for the fork in the end.

It depends which Multi-Algorithms are used (if MA is chosen). For ex. Saffroncoin - SHA256D, Scrypt, Groestl, X11 and Blake | Myriad - Scrypt, SHA256D, Qubit, Skein or Myriad-Groestl

All in all this can help decentralize even more VERGE as mentioned it's a good thing definitely less XVG will end in same hands. Selling XVG without even realizing it's good news will make people regret deeply

yeah i agree, and the more algos we have, the more decentralization, and like you said, will make it available to a larger number of people/miners.

[bitLeap]

Are you saying that in a multi algorithm system that those that use other protocols e.g. X11, will get more coins opposed to those that mine on algorithms that are not desired?
 

It's no question of desirability. Right now, scrypt miners get 100% of the blocks. Under a 5 algo system, they would get 20% of the blocks. The implications depend on whether or not merge mining is enabled.

If it is, the same scrypt miners will continue mining Verge, but on top of LTC. They will have to trade their LTC for Verge.
If it isn't, only the most efficient scrypt miners will be able to continue profitably. The rest would have to mine other coins and trade for Verge.

Basically, this will be a mild nuisance to people with older/cheaper scrypt miners. On the other hand, 80% of the coins will now be distributed among a much wider market, including sha256d ASICS and GPUs. This will ultimately increase the value, and scrypt miners who held will be rewarded for the fork in the end.

It depends which Multi-Algorithms are used (if MA is chosen). For ex. Saffroncoin - SHA256D, Scrypt, Groestl, X11 and Blake | Myriad - Scrypt, SHA256D, Qubit, Skein or Myriad-Groestl

All in all this can help decentralize even more VERGE as mentioned it's a good thing definitely less XVG will end in same hands. Selling XVG without even realizing it's good news will make people regret deeply

yeah i agree, and the more algos we have, the more decentralization, and like you said, will make it available to a larger number of people/miners.

I just voted multi algo and was very surprised to see MA with 60% of votes and 2nd 11%. Maybe it's time to start choosing which algos will be used Dev  

[p75formula]

I've got one more algo for mining and we all already have the equipment.

[A_McGriff]

I just voted multi-algorithm as well. My logic is i don't want to punish the scrypt miners who have invested themselves in mining this coin, but in order for VERGE to complete its quest of ultimate security and anonymity, it needs to secure the strength of the network by allowing everyone to mine it, not just scrypt asics.

I used to mine this coin scrypt with a 3x7950 gpu rig, but by about june of last year, the asics severely outweighed me so i turned my rig into a gaming pc But i will un game that rig and mine x11 or x15 or something now and support the network hash again  

DOGED joined the big leagues and became VERGE. I believe Puff Daddy said, "Mo money, mo problems."

Oh and hey, don't be afraid of that crazy mining farm in China (Alibaba hosted??), i take it as a very bullish sign that the Chinese will adopt this coin in-force.

The change to multi-algo will definitely thwart attempts to dominatrix our net hash.

[bitLeap]

I just voted multi-algorithm as well. My logic is i don't want to punish the scrypt miners who have invested themselves in mining this coin, but in order for VERGE to complete its quest of ultimate security and anonymity, it needs to secure the strength of the network by allowing everyone to mine it, not just scrypt asics.

I used to mine this coin scrypt with a 3x7950 gpu rig, but by about june of last year, the asics severely outweighed me so i turned my rig into a gaming pc But i will un game that rig and mine x11 or x15 or something now and support the network hash again  

DOGED joined the big leagues and became VERGE. I believe Puff Daddy said, "Mo money, mo problems."

Oh and hey, don't be afraid of that crazy mining farm in China (Alibaba hosted??), i take it as a very bullish sign that the Chinese will adopt this coin in-force.

The change to multi-algo will definitely thwart attempts to dominatrix our net hash.

Very true and very well said. There're also some die hard fans of Multi-Algorithms out there expect the community to grow even further.  

btw https://twitter.com/bit_Leap/status/709979562185269249  

[A_McGriff]

I just voted multi-algorithm as well. My logic is i don't want to punish the scrypt miners who have invested themselves in mining this coin, but in order for VERGE to complete its quest of ultimate security and anonymity, it needs to secure the strength of the network by allowing everyone to mine it, not just scrypt asics.

I used to mine this coin scrypt with a 3x7950 gpu rig, but by about june of last year, the asics severely outweighed me so i turned my rig into a gaming pc But i will un game that rig and mine x11 or x15 or something now and support the network hash again  

DOGED joined the big leagues and became VERGE. I believe Puff Daddy said, "Mo money, mo problems."

Oh and hey, don't be afraid of that crazy mining farm in China (Alibaba hosted??), i take it as a very bullish sign that the Chinese will adopt this coin in-force.

The change to multi-algo will definitely thwart attempts to dominatrix our net hash.

Very true and very well said. There're also some die hard fans of Multi-Algorithms out there expect the community to grow even further.  

btw https://twitter.com/bit_Leap/status/709979562185269249  

Looking forward to that bitLeap.

[CryptocurrencyNetwork]

Dev how long will voting take and as mentioned by some others, when will we vote on what particular algos will be part of Multi Algo?

[Dogedarkdev]

Dev how long will voting take and as mentioned by some others, when will we vote on what particular algos will be part of Multi Algo?

not sure, ill let this poll ride until friday, and then, im pretty sure multi algo is going to win, so then we'll start doing polls for what algos on monday of next week, and hopefully come to decision by the following friday

[saymissme]

Dev how long will voting take and as mentioned by some others, when will we vote on what particular algos will be part of Multi Algo?

not sure, ill let this poll ride until friday, and then, im pretty sure multi algo is going to win, so then we'll start doing polls for what algos on monday of next week, and hopefully come to decision by the following friday

nice
maybe need more time for poll,to choice the best algos
i dont like asic miner
because they have so much hashrate
my gpu can't mining anything