[ANN][VRM] Verium PoWT | CPU mining | scrypt² | Scaling | New Roadmap Released

[souljah1h]

There may be a countdown, but definitely an announcement about exact launch time a couple days prior.

Good. Waiting to see the launch. A countdown timer is always better as it serves all people around the world regardless of different time zones.

Agreed.

[effectsToCause]

We are preparing a fresh testnet, with optimized parameters and bugs squashed. We are also setting up a dns-seeder on second testnet to aid with connectivity. If all goes well this be the final parameters for mainnet Verium which will be launched after we run some tests on second testnet. This we be a fresh testnet chain, so if you want to try to mine on it again you are welcome. New wallets will be posted with these final parameters on vericoin.info/ico.html when they are ready. Key parameter change that will effect mining is we are dropping the memory requirement from 256MB to 128MB, to support older and hyperthreaded systems, speed syncing and loading the block index. This is still a very hard memory so won't advantage gpus or asics in any significant way.
As a reference this likely final memory requirement is exactly 1000x more memory hard than standard scrypt. So we may end up calling it mega-scrypt.
in this context standard scrypt would be kilo-scrypt
standard scrypt is 128kb memory requirement

[MAD945]

There may be a countdown, but definitely an announcement about exact launch time a couple days prior.

Good. Waiting to see the launch. A countdown timer is always better as it serves all people around the world regardless of different time zones.

Agreed.

Second that! We need a countdown timer, just use the one from the ICO

[pwpwpw]

I'm curious will an old core2 duo be able to mine it or its way too slow?
agree on countdown timer!

[jeewaka]

We are preparing a fresh testnet, with optimized parameters and bugs squashed. We are also setting up a dns-seeder on second testnet to aid with connectivity. If all goes well this be the final parameters for mainnet Verium which will be launched after we run some tests on second testnet. This we be a fresh testnet chain, so if you want to try to mine on it again you are welcome. New wallets will be posted with these final parameters on vericoin.info/ico.html when they are ready. Key parameter change that will effect mining is we are dropping the memory requirement from 256MB to 128MB, to support older and hyperthreaded systems, speed syncing and loading the block index. This is still a very hard memory so won't advantage gpus or asics in any significant way.
As a reference this likely final memory requirement is exactly 1000x more memory hard than standard scrypt. So we may end up calling it mega-scrypt.
in this context standard scrypt would be kilo-scrypt
standard scrypt is 128kb memory requirement

The way you mention very hard for GPU's to mine, is this a reference meaning this could be mined with GPU's currently?
Will there be pools for this or just solo mining via the wallet only?

[effectsToCause]

We are preparing a fresh testnet, with optimized parameters and bugs squashed. We are also setting up a dns-seeder on second testnet to aid with connectivity. If all goes well this be the final parameters for mainnet Verium which will be launched after we run some tests on second testnet. This we be a fresh testnet chain, so if you want to try to mine on it again you are welcome. New wallets will be posted with these final parameters on vericoin.info/ico.html when they are ready. Key parameter change that will effect mining is we are dropping the memory requirement from 256MB to 128MB, to support older and hyperthreaded systems, speed syncing and loading the block index. This is still a very hard memory so won't advantage gpus or asics in any significant way.
As a reference this likely final memory requirement is exactly 1000x more memory hard than standard scrypt. So we may end up calling it mega-scrypt.
in this context standard scrypt would be kilo-scrypt
standard scrypt is 128kb memory requirement

The way you mention very hard for GPU's to mine, is this a reference meaning this could be mined with GPU's currently?
Will there be pools for this or just solo mining via the wallet only?

We haven't been able to mine it with a GPU, anything is possible, even if you were able to make it work, you would likely have to use a fraction of the available processors in a GPU at one time, in which case it would be less competitive than a CPU because GPU cores are slower.

[jeewaka]

We are preparing a fresh testnet, with optimized parameters and bugs squashed. We are also setting up a dns-seeder on second testnet to aid with connectivity. If all goes well this be the final parameters for mainnet Verium which will be launched after we run some tests on second testnet. This we be a fresh testnet chain, so if you want to try to mine on it again you are welcome. New wallets will be posted with these final parameters on vericoin.info/ico.html when they are ready. Key parameter change that will effect mining is we are dropping the memory requirement from 256MB to 128MB, to support older and hyperthreaded systems, speed syncing and loading the block index. This is still a very hard memory so won't advantage gpus or asics in any significant way.
As a reference this likely final memory requirement is exactly 1000x more memory hard than standard scrypt. So we may end up calling it mega-scrypt.
in this context standard scrypt would be kilo-scrypt
standard scrypt is 128kb memory requirement

The way you mention very hard for GPU's to mine, is this a reference meaning this could be mined with GPU's currently?
Will there be pools for this or just solo mining via the wallet only?

We haven't been able to mine it with a GPU, anything is possible, even if you were able to make it work, you would likely have to use a fraction of the available processors in a GPU at one time, in which case it would be less competitive than a CPU because GPU cores are slower.

Thanks for the reply, I would love to test the second testnet test . Roughly when will be be online?

[pnosker]

I'm curious will an old core2 duo be able to mine it or its way too slow?
agree on countdown timer!

Everyone's got a shot here, it's the core count that seems to matter most as well as memory speed.

[HellSpawn.]

When will be release the Mainnet?

[kahir]

can't connect 0 connection to network

[HellSpawn.]

can't connect 0 connection to network

me neither.

[effectsToCause]

Supernodes are currently down as we prepare second testnet. New testnet wallets should be posted by tomorrow morning.

[effectsToCause]

Hey guys,

We are reconfiguring our supernodes for testnet2 as they have been giving us problems.  So holding off till later on testnet2 launch till the supernodes are behaving properly. If you have any testnet 1 clients up feel free to take them down.

[HellSpawn.]

Hey guys,

We are reconfiguring our supernodes for testnet2 as they have been giving us problems.  So holding off till later on testnet2 launch till the supernodes are behaving properly. If you have any testnet 1 clients up feel free to take them down.

Morning can you tell me, When will be release the Mainnet?

[effectsToCause]

Hey guys,

We are reconfiguring our supernodes for testnet2 as they have been giving us problems.  So holding off till later on testnet2 launch till the supernodes are behaving properly. If you have any testnet 1 clients up feel free to take them down.

Morning can you tell me, When will be release the Mainnet?

If testnet2 goes as expected will only run it for a couple days then prepare mainnet.

[cyberspacemonkey]

This project looks very interesting, is it a new algo? It says on the op that it's ASIC and possibly GPU resistant so how would be mine it? or is it only for staking?

[effectsToCause]

testnet2 is up! http://www.vericoin.info/ico.html Clear verium data folder including wallet.dat if you were on testnet1 it's a fresh chain.

[effectsToCause]

This project looks very interesting, is it a new algo? It says on the op that it's ASIC and possibly GPU resistant so how would be mine it? or is it only for staking?

Algo is very memory hard version of scrypt requiring 128MB of memory per thread. No one has successfully mined it on a GPU yet. CPU mined with UI mining support.  Testnet2 is up if you want to try http://www.vericoin.info/ico.html

[jeewaka]

testnet2 is up! http://www.vericoin.info/ico.html Clear verium data folder including wallet.dat if you were on testnet1 it's a fresh chain.

How long does it take to sync the network?
I have more than 4 connections and still seems to be stuck at "145 blocks remaining"

[effectsToCause]

If you were on testnet1 make sure you deleted everything including wallet.dat from testnet1.  If you did or weren't on testnet1 it should sync up soon, also make sure you are using testnet2 wallet 1.0.1.