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

[CryptoRekt]

When will verge start trading on polinex

I would assume when it gets listed there and thats up to poloniex management !!

This is a very valid assumption.

[Rabid Parrots]

When will verge start trading on polinex

I would assume when it gets listed there and thats up to poloniex management !!

This is a very valid assumption.

https://twitter.com/RabidParrots/status/713572038913331200

[Vlizzjeffrey]

damn those sells walls are huge, why do they want to get rid of their coins so badly, so many huge ass sell walls from 33 sat to 50 is already 104 btc.

[Dogedarkdev]

damn those sells walls are huge, why do they want to get rid of their coins so badly, so many huge ass sell walls from 33 sat to 50 is already 104 btc.

they dont want to get rid of their coins, they want to keep the price down to get even more.

[ljconstructionpa]

damn those sells walls are huge, why do they want to get rid of their coins so badly, so many huge ass sell walls from 33 sat to 50 is already 104 btc.

they dont want to get rid of their coins, they want to keep the price down to get even more.

HOW MANY VERGE COINS ARE DISTRIBUTED INTO CIRCULATION DAILY FROM MINING?

[Dogedarkdev]

damn those sells walls are huge, why do they want to get rid of their coins so badly, so many huge ass sell walls from 33 sat to 50 is already 104 btc.

they dont want to get rid of their coins, they want to keep the price down to get even more.

HOW MANY VERGE COINS ARE DISTRIBUTED INTO CIRCULATION DAILY FROM MINING?

that depends on the difficulty. on average, 6 million. next having is in 76k blocks.

also this will probably change drastically on the next release when we have more algos for miners

[MentalCollatz]

For next Wallet update, could you please consider implimenting 'kimoto gravity well algorithm' to regulate the diff please..

dont worry, we've got it all worked out now ;]

Pardon the intrusion, but I just wanted to say that I have experience in the area and have some advice.  First off, I wouldn't recommend trying writing multi-algo from scratch, because there are some serious pitfalls with non-trivial solutions.  That being said, the leading options are Myriad and DigiByte.  DigiByte's difficulty adjustment tends to produce wider difficulty swings, but ultimately is better at keeping the block times on target and giving each algo an equal share.  It also provides superb multipool resilience.  Myriad does a fine job as well, though there is an issue I identified with their "work decay" logic that I would recommend fixing if you go that route.

[Dogedarkdev]

For next Wallet update, could you please consider implimenting 'kimoto gravity well algorithm' to regulate the diff please..

dont worry, we've got it all worked out now ;]

Pardon the intrusion, but I just wanted to say that I have experience in the area and have some advice.  First off, I wouldn't recommend trying writing multi-algo from scratch, because there are some serious pitfalls with non-trivial solutions.  That being said, the leading options are Myriad and DigiByte.  DigiByte's difficulty adjustment tends to produce wider difficulty swings, but ultimately is better at keeping the block times on target and giving each algo an equal share.  It also provides superb multipool resilience.  Myriad does a fine job as well, though there is an issue I identified with their "work decay" logic that I would recommend fixing if you go that route.

yep, im aware of both options, we're already working on something. thanks for jumping in! no intrusion at all, i hope you stick around a bit n see what we do next ;]

[arseaboy]

For next Wallet update, could you please consider implimenting 'kimoto gravity well algorithm' to regulate the diff please..

dont worry, we've got it all worked out now ;]

Pardon the intrusion, but I just wanted to say that I have experience in the area and have some advice.  First off, I wouldn't recommend trying writing multi-algo from scratch, because there are some serious pitfalls with non-trivial solutions.  That being said, the leading options are Myriad and DigiByte.  DigiByte's difficulty adjustment tends to produce wider difficulty swings, but ultimately is better at keeping the block times on target and giving each algo an equal share.  It also provides superb multipool resilience.  Myriad does a fine job as well, though there is an issue I identified with their "work decay" logic that I would recommend fixing if you go that route.

yep, im aware of both options, we're already working on something. thanks for jumping in! no intrusion at all, i hope you stick around a bit n see what we do next ;]

This coin is moving up again, I seen some development from yobit and I hope it will continue to rise up very promising coins good job OP and the member of dev I'm still keeping it hope it will continue to blast on. good luck.

[ljconstructionpa]

damn those sells walls are huge, why do they want to get rid of their coins so badly, so many huge ass sell walls from 33 sat to 50 is already 104 btc.

they dont want to get rid of their coins, they want to keep the price down to get even more.

HOW MANY VERGE COINS ARE DISTRIBUTED INTO CIRCULATION DAILY FROM MINING?

that depends on the difficulty. on average, 6 million. next having is in 76k blocks.

also this will probably change drastically on the next release when we have more algos for miners

The having should help the coin price drastically.  How many blocks are issued a 24hr period? Just trying to figure out how much time i have to load up on the coin before it explodes.

[MyriadAngel]

Hi Vergeans 

I'm holding a film contest and you're all invited!

Make a film explaining multi-algo and its benefits, then put it on Youtube. Send me the link here on bitcointalk.

Deadline is the 30th of April 2016. 30/04/16

Winners will be announced here at this thread on the 1st of May 2016. 01/05/16. The prizes will be awarded the same day.

The prize...
ONE MILLION MYR (~0.31BTC)
Runner up...
TWO HUNDRED THOUSAND MYR

[juanp11]

After the switch to MA... has there been any consideration to proof of service nodes? I am not sure if anyone could get behind the idea. I was wondering if users put up collateral, 100,000 minimum (about $13.50) (like Dash, for instance) to run TOR and i2P nodes, for the network. I am not sure if it would be economically viable, meaning users early on would be doing it at a loss, probably unless they ran them from home (might not be wise) a cheap or affordable VPS would be ideal... some listing on lowendbox might work.


What I am not sure of is how the reward would work for Verge. Ideally, it would not be more profitable than mining, naturally. I am also not sure where the reward would come from since some miners (please note I mine too just not on the scale of the big boys that seem to scrypt mine Verge, even after the switch to MA, I am only going to put two to four gpus on the network, whichever algo gets the best return that day for Verge) might not want to give up any part of their reward. And a new reward doled out would probably cause some great lecture on how this one guy hates, Satoshi himself, just rolled over in his grave or something along those lines.

That said, assuming the community does not implode, finger's crossed it does not, and a reward could be coded, easily... the issue would be how much then. I assume it would be portion of each block would be paid, to one node, each block, randomly generated of course.  At fisrt I thought about a 1% reward but even with the block halving someone might complain that is a lot of coins... so maybe something like .0025% when viewed from this part of the block reward era 2,124,000 to 4,248,000: 730   ----Now, I am accounting for the 15 second block time as well as halving of the reward, which would be 365*.0025=0.9125.

Assuming we hit every block that would be around 88 Verge a day to have these nodes running (I assume that people would run them).... If we were a dollar coin, then, it would still be a cheap network, which offers anonymity.

[Dogedarkdev]

yeah we can think about that.. the nodes would only collect transaction fees though, not entire block rewards..

happy holidays everyone.. im working on a video explaining what's new in the next release..

cheers!

[juanp11]

yeah we can think about that.. the nodes would only collect transaction fees though, not entire block rewards..

happy holidays everyone.. im working on a video explaining what's new in the next release..

cheers!

That beats what I wrote and would probably not cause a great deal of fuss. Of course this something that would probably happen in the future since the i2P and current TOR network seem sufficient. Conversely, I see growth as inevitable as the coin moves forward. Hopefully, we can get users to not view the coin as "cheap" (I say it all the time) and move them to thinking about Verge as "affordable" coin with top rate privacy features with a network to back it up....

[Dogedarkdev]

btw if your wallet isnt somewhere around block 307k, you might need to resync. i had two people tell me they were stuck at block ~280k.

new release should be out this week! hope you guys are as amped up about it as i am!

[A_McGriff]

btw if your wallet isnt somewhere around block 307k, you might need to resync. i had two people tell me they were stuck at block ~280k.

new release should be out this week! hope you guys are as amped up about it as i am!

Totally stoked bro! I bought another old brand new r9 290 so i'll be running a 2 x r9 290 rig on x17 or groestl, whichever algo has a miningpool ready to GPU mine xvg first 

[BITDV]

btw if your wallet isnt somewhere around block 307k, you might need to resync. i had two people tell me they were stuck at block ~280k.

new release should be out this week! hope you guys are as amped up about it as i am!

Bring it on man!!

[p75formula]

btw if your wallet isnt somewhere around block 307k, you might need to resync. i had two people tell me they were stuck at block ~280k.

new release should be out this week! hope you guys are as amped up about it as i am!

Yeah, I was stuck at 284k

reloading now.

[Rabid Parrots]

Anyone care to smack down this hater?

https://twitter.com/Donald_Cunt/status/714270473199071233

I have no idea what he's talking about.

[p75formula]

Anyone care to smack down this hater?

https://twitter.com/Donald_Cunt/status/714270473199071233

I have no idea what he's talking about.

The guy has 22 followers and "cunt" in his twitter handle. I'd say move on and not worry about him. Trolls will troll.