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

[bitcon]

so we got pwned?!

no, they tried to submit their own blocks but failed.

how would they even try this?  arp-replay on already captured and sent packets?

[1714231941]

1714231941

[1714231941]

1714231941

[1714231941]

1714231941

[ljconstructionpa]

so we got pwned?!

no, they tried to submit their own blocks but failed.

My android wallet has 0 balance what happened? All transaction history is also gone

[ljconstructionpa]

so we got pwned?!

no, they tried to submit their own blocks but failed.

My android wallet has 0 balance what happened? All transaction history is also gone

Someone help I'm freaking out

[bitcon]

so we got pwned?!

no, they tried to submit their own blocks but failed.

My android wallet has 0 balance what happened? All transaction history is also gone

Someone help I'm freaking out

there's nothing to freak about, just be patient.  they are probably working on an update that we will have to download.

[ljconstructionpa]

so we got pwned?!

no, they tried to submit their own blocks but failed.

My android wallet has 0 balance what happened? All transaction history is also gone

Someone help I'm freaking out

there's nothing to freak about, just be patient.  they are probably working on an update that we will have to download.

God I hope I have a lot of coins moved them from bittrex so they can be safe

[Dogedarkdev]

electrum server (for android wallets) should be back up within an hour or so, its resyncing now.

[hakunnamatata]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

[BITDV]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

You have to get onto bittrex about that one !!

[bitcon]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

if a site does anything like this to me twice i no longer use that exchange or service. i tried playing at a crypto casino (which i won't promote, but the last 2 letters of their URL are: ag) and both times after requesting a withdrawal they waited until i contacted their support before they would actually process the withdrawal.  What if there's a crash in 10 minutes and i get word of it and want to sell before my coins are worth less, but instead they are frozen in an order on a site for whatever good reason?

[Beachguy]

This doesn't seem to be Bittrex "fault"

[UnklAdM]

All,

The only real solution on that board is X11.

Here is why.

X11
The “X” series of algorithms first debuted with Darkcoin and was invented by Darkcoins creator, Evan Duffield. X11 is a hashing algorithm that includes eleven different hashing algorithms bundled up in one package. The original intent of X11 was to protect the network from what its creators called, Single Point Failures, which is a scenario where a hacker could theoretically crack an algorithm, making it vulnerable to attacks. Unlike SHA-256 and Scrypt, which are based on a single hashing algorithm, X11 features eleven different algorithms, all of which would all have to be compromised for an attack to be successful. The “X” series of algorithms extends beyond X11, and includes X12, X13, X14 all the way up to X17.

The simple difference between these algorithms is the amount of hashing algorithms intertwined in the package.

X11 is by far the most popular of the “X” series of hashing algorithms and has a number of attractive features to boot. X11 is best mined using GPU’s, and has a 1:6 efficiency ratio between CPU and GPU’s, thanks to better mining software, the GPU/CPU gap has been widening since the introduction of the algorithm. At this time X11 remains ASIC resistant and there are no publicly announced ASIC’s in development for the algorithm, however its widespread popularity and profitability may make it a target for ASIC developers in the future. X11 is also less power hungry then both SHA-256 and Scrypt, keeping your house cooler and quieter especially in the summertime, and keeping your significant other slightly happier about your mining operation. X11 happens to be the most dependent on the mining software you use compared to any other algorithm; specific mining software can give you huge advantages over others, potentially increasing hash power up to 40% with just the right software and settings.

But lets compare this to what we are currently using right now which is:

Scrypt

Scrypt was first introduced in cryptocurrency mining with the introduction of Litecoin. Benefits of the Scrypt algorithm included lower block times than Bitcoin, and ASIC resistance (Which unfortunately for us currently the "lower block time" doesnt apply given our current SPV issue). Scrypt was originally invented by Colin Percival for the Tarsnap online backup service, the service touts that Scrypt makes it tremendously expensive for custom hardware attacks to be conducted and is thousands of times more secure than many popular cryptographic algorithms in use today. Scrypt requires attackers to either use more memory to conduct a brute force attack, or use less memory and conduct a slower attack, this trade off is intentional and makes Scrypt very secure.

For miners, Scrypt is GPU friendly and the vast majority of Scrypt miners are GPU miners. Scrypt takes up more memory than SHA-256, however this is offset by the fact that Scrypt mining uses up less electricity than SHA-256 mining. With less electricity comes lower heat output and less noise coming from your miners, however mining Scrypt can still increase your AC bills during the Summer, and lower your gas bills in the Winter. It needs to be noted that ASIC’s for Scrypt mining are on the market, thus if you are a GPU miner mining Scrypt, you may be in for some competition. As more and more Scrypt ASIC’s are expected to hit the market, expect the difficulty to rise on Scrypt coins and your market shares to decrease, along with your profits.

Alternatives:

SHA256
No.

Lyra2REv2

Though Verticoin's implementation of Lyra2REv2 was successful - There is not enough data to suggest that this is a long term algorithum worth switching too. Also current Verticoin's currently standing network hash rate signifies that there is very little adoption to this algorithm. See:
http://www.coinwarz.com/network-hashrate-charts/vertcoin-network-hashrate-chart



Final thoughts for x11 to clarify earlier mentioned points -


Security: The algorithm uses eleven hashing functions from the Blake algorithm to the Keccak algorithm making it very secure which is what Verge ($XVG) touts.

Effectiveness: The X11 Algorithm gives amazingly fast hashes for both GPU’s and CPU’s. It also keeps GPU’s over 30% cooler making your expensive graphic cards less prone to overheating.

Power Cost: Due to how effective it is, graphic cards do not require that much power in order to mine it. Therefore, you will see significantly lower electricity costs at the end of the month. This makes coins running this algorithm to be a favorite in places where electricity costs are far from bearable.


Obviously this does not cover all the choices on the pole such as Multi but this is intended to help people understand some of the core mining algo's.


Cheers-

Rekt
 

and when x11 asic comes on market - what next?

It has already happened...

http://www.dualminer.com/iBeLink-DM384M-Dash-Miner_p_36.html

 - UnklAdM

[giantkin]

the asic miner for x11
https://bitcointalk.org/index.php?topic=1374252.0   one reference. im sure there is more.

anyone actually HAVE one, and can verify that its even legit or just vaporware?


so far looks fake.

so x11 might be fine.
wont know til i see a pic of someone at home using one
lol (and then im not convinced)

g

[Dogedarkdev]

have no fear. new release is coming soon ;]

i have our slack (mostly) set up. since inviting people one at a time is a pain in the ass, i set up this form, and it'll auto invite you within 5 minutes, via email.

ill have a relay in it to our irc and vice versa.

https://verge.typeform.com/to/RxDLtL

[giantkin]

Slack?

actually, you might want to rethink that.

Look at Discord instead.

its like ...skype and slack ...and something else rolled into one.

im playign with it now


oh and you can use it as an APP on various devices..OR  just on the website.  (chat or voice)

really sweet.

Here is my server link (just me on it atm) but u can test it:

This link is good forever: https://discord.gg/0swfPBbBLjlx4sFF  (or until i close that room)  this is the TEXT chat room.
there is also a VOICE room:  https://discord.gg/0swfPBbBLjngnxjS   

if u use both, then u can chat and voice at same time.  or just one ofc.   I think u can join either, and get in both etc.

(i have the app, so hard to test exactly)

So, if u join the voice, you should join the txt just in case someone wants to txt something ...ie links etc.

or just the txt one, and not hear any voice...and so on.

(im not explaining it well am i)  just check it out

oh the link first asks to open the app, u can close that, and just hit continue... to website.

g

[giantkin]

ah, i was able to log out of my stuff,  and log in as a test.

i can see all the rooms, from either link.

cool.

[otp]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

It would seem at this point Bittrex has cancelled all open buy and sell orders.

[ShadowBits]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

It would seem at this point Bittrex has cancelled all open buy and sell orders.

Oh snap!  Looks like I have a lot of work ahead of me when the markets open up again then.  =P

[Beachguy]

It would seem at this point Bittrex has cancelled all open buy and sell orders.

Yep, My sell orders were canceled as well.

[GamblingIsWrongWay]

It would seem at this point Bittrex has cancelled all open buy and sell orders.

Yep, My sell orders were canceled as well.

and my deposit still pending 

[hakunnamatata]

thats lame...

i wish i could at least cancel my open orders.  now i have 10.6 btc on verge order thats just stuck in limbo. at least let me cancel order so i can buy some doge or something.....

That is annoying. I Dont see why we can't cancel them.

It would seem at this point Bittrex has cancelled all open buy and sell orders.

I'm glad they did. Hopefully it doesn't take too much longer  for the maintenance.