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

[myriadcoin]

Is it possible to make something like,
Lyra2REv2 feat. Cryptonote vs X11?
just curious...

Unfortunately I don't know if Bitcoin forks can merge mine with Cryptonote coins. But it would be cool to implement a couple of the popular algorithms like X11, lyra2re2, or neoscrypt. It would help distinguish Verge from Myriad.

[leancuisine]

All -

My new News blog is up and operational - I will be posting updates periodically from here out.
http://altcoinrenegade.com/verge-upgrading-new-algo/

Cheers-

Rekt

Nice Crypto!

Fellow VERGE'ers should follow @Cryptorekt's lead and join the VERGE Herd Today!

Let's get an entire on-line network of VERGE Blogs & Crypto Websites up and running this year :-)

[Dogedarkdev]

Is it possible to make something like,
Lyra2REv2 feat. Cryptonote vs X11?
just curious...

Unfortunately I don't know if Bitcoin forks can merge mine with Cryptonote coins. But it would be cool to implement a couple of the popular algorithms like X11, lyra2re2, or neoscrypt. It would help distinguish Verge from Myriad.

distinguishing ourselves is easy, because multi-algo isnt our main feature ;]

[forzendiablo]

i love price raise since DOGED became XVG

[endoffiat]

What about the iBeLink DM384M X11 ASIC Miner that is selling for $2,000

Maybe we should count X11 out.

[Dogedarkdev]

What about the iBeLink DM384M X11 ASIC Miner that is selling for $2,000

Maybe we should count X11 out.

but the point is that if one algo starts pulling all our work, like scrypt, the other algos can fight back, so even if we have a farm on x11 and one on scrypt, at least its not one farm getting it all

[endoffiat]

What about the iBeLink DM384M X11 ASIC Miner that is selling for $2,000

Maybe we should count X11 out.

but the point is that if one algo starts pulling all our work, like scrypt, the other algos can fight back, so even if we have a farm on x11 and one on scrypt, at least its not one farm getting it all

I see your point, it doesn't matter what algo.

Edit:
I guess my point was that, could we potentially have Scrypt and X11 Algorithms both freeze up due to Asic hash rates.
It does seem that GPU friendly Algorithms are very popular though.

[bitLeap]

What about the iBeLink DM384M X11 ASIC Miner that is selling for $2,000

Maybe we should count X11 out.

but the point is that if one algo starts pulling all our work, like scrypt, the other algos can fight back, so even if we have a farm on x11 and one on scrypt, at least its not one farm getting it all

I see your point, it doesn't matter what algo.

#Blackhole Tech - Verge is the only truly untraceable crypto-currency.
Among other features #MineVerge Tech - Makes Verge the most decentralized crypto-currency in the entire crypto-currencies world.

I think it's important to go for popular algos (here you have most of them http://www.coinwarz.com/cryptocurrency) and as many as possible. I would suggest Scrypt-N, Scrypt, X11, Keccak, NeoScrypt, CryptoNight, Lyra2REv2, PoW: prime numbers(RieCoin), PoW Cunningham (Primecoin) and Blake-256.
All those algos have strong supporters. Multi-algo feature cannot be underestimated it's yet another great feature!

[endoffiat]

just edited my previous post lol

GPU friendly algorithms seem to be very popular.
 

[sandan2002]

I send yesterday some verge from my wallet to bittrex and i have only 16 confirmation in 48 hours

Fuck that mining farm from China.

[bitLeap]

I send yesterday some verge from my wallet to bittrex and i have only 16 confirmation in 48 hours

Fuck that mining farm from China.

yep and from that Verge will come out even more decentralized. 

[hakunnamatata]

I send yesterday some verge from my wallet to bittrex and i have only 16 confirmation in 48 hours

Fuck that mining farm from China.

yep and from that Verge will come out even more decentralized. 

Yeah very irritating. I went to sell some at 40 but my deposit to bittrex has been pending over 3 days. And I'm not gonna sell for the price now so i'm just gonna withdraw them when they ever clear and hold til the problem is solved.

[gravitate]

I send yesterday some verge from my wallet to bittrex and i have only 16 confirmation in 48 hours

Fuck that mining farm from China.

yep and from that Verge will come out even more decentralized. 

Yeah very irritating. I went to sell some at 40 but my deposit to bittrex has been pending over 3 days. And I'm not gonna sell for the price now so i'm just gonna withdraw them when they ever clear and hold til the problem is solved.

Well its a nice time for everyone to buy in a gain

Priced just about right to make an absolute killing on even a small pump

[CryptocurrencyNetwork]

I send yesterday some verge from my wallet to bittrex and i have only 16 confirmation in 48 hours

Fuck that mining farm from China.

yep and from that Verge will come out even more decentralized. 

?

Yes seems a little confusing but.....

What is being said here is:

 the mining farm from China hits XVG with 400GH/s plus at any given moment (which I might add is one HUGE farm $$$ someone wants Verge badly), their actions cause the blockchain to slow down due to rise in difficulty. Because of their actions, the community suffers, therefore a multi algo will solve the issue and make verge mining more decentralized.

[Beachguy]

And the sad part is they could mine more by running a more normal hash rate rather than totally
crippling the network. I still think its more from malice than anything else.

[CryptocurrencyNetwork]

And the sad part is they could mine more by running a more normal hash rate rather than totally
crippling the network. I still think its more from malice than anything else.

400 Gh/s ASIC Miner

1000 x 400 MH/s Machines or whatever

400000000 KH/s = mining top 10 profit ranked coin ( keep in mind this changes with rate, therefore the mining farm switches leaving the rest of the work to be done on the network.

http://www.coinwarz.com/ = $15K - 30K profit a day (minus electricity - who knows could be solar powered)

[chilly2k]

And the sad part is they could mine more by running a more normal hash rate rather than totally
crippling the network. I still think its more from malice than anything else.

   I tend to disagree about the malice part.  I have a feeling these farms are looking for the most profitable coins to mine.  They see a low difficulty and high price on verge so they switch.  They drive up the difficulty to the point it's not profitable, and then switch to another coin.  

   I do agree they should throttle their hash rate to avoid this, and stop shooting themselves in the foot.  You would think with that kind of hash power and $'s they would do a better job of analyzing the situation.    

[giantkin]

my question is still..  even with multi   ... how does the scrypt chain clear up?  still with the small miner going at it?

if so, it still doesnt help that section.   sure overal its all ok...  but kinda leaves one set on their own.

might make them give up and ...maybe get on the other algo's   sure... but their scrypt miner, probably point to another coin. 

thats what i am talking about avoiding.   Any ideas how to combat that aspect?

[Dogedarkdev]

my question is still..  even with multi   ... how does the scrypt chain clear up?  still with the small miner going at it?

if so, it still doesnt help that section.   sure overal its all ok...  but kinda leaves one set on their own.

might make them give up and ...maybe get on the other algo's   sure... but their scrypt miner, probably point to another coin. 

thats what i am talking about avoiding.   Any ideas how to combat that aspect?

there isnt a seperate chain for each algo, its all one blockchain. there isn't a separate "scrypt chain"

[giantkin]

my question is still..  even with multi   ... how does the scrypt chain clear up?  still with the small miner going at it?

if so, it still doesnt help that section.   sure overal its all ok...  but kinda leaves one set on their own.

might make them give up and ...maybe get on the other algo's   sure... but their scrypt miner, probably point to another coin. 

thats what i am talking about avoiding.   Any ideas how to combat that aspect?

there isnt a seperate chain for each algo, its all one blockchain. there isn't a separate "scrypt chain"

ahh ok, thats great.  i was a bit confused there.

Sounding good again
g