Vertcoin [VTC][ANN] Segwit Activated | ASIC Resistant Decentralized GPU Mining

[TheCoinFinder]

SysCoin isn't really a market favourite.

Unlike vertcoin.

However, while Vrn can continue to mine invalid v4 blocks, we can't do a lot.

If we can generate a CSV transaction with a locktime for an output TXID, and get Vrn to mine a block that spends that transaction before it should be spendable, we should be able to get it to fork away, I think?

Anyone capable of doing this or saying that this is nonsense?

[1714042743]

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[1714042743]

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[cyberguru]

Why is Segwit percentage going down?

Why so many miners do not support Segwit

experimental Asics mining software does'nt support it...

[TheCoinFinder]

It's not the miners that need to support it. Its the pools.

[cherry11800]

Why is Segwit percentage going down?

Why so many miners do not support Segwit

experimental Asics mining software does'nt support it...

Vtc activation Segwit is difficult

[connexus]

Syscoin already upgraded to Segwit and the market didn't care.

Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit.

[granat]

Vertcoin pool available to mining with autoswitching pool + merge mined coins
Lowest payout
payout only on GAME and DASH (request type payment coin will be added if some miner need it)
bonus reward every 100GAME or 1DASH in total payout will be get 1 GAME and 0.01DASH
Multipool with algo scrypt, sha256, x11 and lyra2rev2

https://granatgas-pool.info

Happy Mining  

[etang6000]

Vertcoin pool available to mining with autoswitching pool + merge mined coins
Lowest payout
payout only on GAME and DASH (request type payment coin will be added if some miner need it)
bonus reward every 100GAME or 1DASH in total payout will be get 1 GAME and 0.01DASH
Multipool with algo scrypt, sha256, x11 and lyra2rev2

https://granatgas-pool.info

Happy Mining  

Is your pool supporting SegWit ?

[coinsmarkets]

So what will happen if i will not update old vertcoin wallet ?

[VertyCoiny]

So what will happen if i will not update old vertcoin wallet ?

You will lose your coins then!

[xadsa418]

If we can generate a CSV transaction with a locktime for an output TXID, and get Vrn to mine a block that spends that transaction before it should be spendable, we should be able to get it to fork away, I think?

Can you provide more info about it? What is Vrn? Does Vertcoin already activated CSV?

[cryptomass]

I was expecting more buzz while 75% is creeping up, but it's quite silent here.
Where are you all chatting ?

[TheCoinFinder]

If we can generate a CSV transaction with a locktime for an output TXID, and get Vrn to mine a block that spends that transaction before it should be spendable, we should be able to get it to fork away, I think?

Can you provide more info about it? What is Vrn? Does Vertcoin already activated CSV?

Yes, CSV is activated. But the network is still accepting v4 blocks. But if we can generate a CSV transaction, we can make them fork away.

[etang6000]

I was expecting more buzz while 75% is creeping up, but it's quite silent here.
Where are you all chatting ?

We are chatting on vertcoin slack . Link to join on the ANN

[SwedishGirl]

Syscoin already upgraded to Segwit and the market didn't care.

Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit.

Perhaps the market thinks that adding a scaling solution to a coin that does not need scaling is not a big deal?

[remistevens]

I was expecting more buzz while 75% is creeping up, but it's quite silent here.
Where are you all chatting ?

We are chatting on vertcoin slack . Link to join on the ANN

What am I missing here? I've been checking the network status of Segwit using the link on the front of this thread for a couple weeks. I've never seen it higher than 52%, most of the time it is between 40-50%. Seems like its a long way off to me.

[DrkLvr_]

Looks like some big miners just joined on coinotron pool (upgraded) 

[remistevens]

Syscoin already upgraded to Segwit and the market didn't care.

Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit.

Perhaps the market thinks that adding a scaling solution to a coin that does not need scaling is not a big deal?

Sure. Also, hasn't VTC kind of staked its claim as a small scale miner coin by changing the algo? I thought the whole long term strategy of this coin was to play safe and keep out big scale mining operations. Segwit adds functionality that has no relevance to that purpose that i can ascertain.

And the fork talk. People would really like to see this coin split into two? You think it has the market cap value to support that and survive? Please correct me if I'm wrong, but the Vrn miner who refuses to switch has plenty of hash on its own and could very well mine the old chain and sustain it if forced to fork away- is that right? So if  the method mentioned earlier to knock him out is successful and he doesn't switch, he would be forked away but continue on?

VTC has survived by remaining relevant to small miners and a lack of competition among early coins as many of them have died off. There are only so many coins left from that era. Age=value. Look at NMC. Its not of much use as a crypto, but remains valuable given its age and what it has outlasted. Shouldn't that be the ultimate goal here with VTC? Survival. Forking the coin and adding function it doesn't need (and done by countless newer coins already) seems counter intuitive and adds unnecessary risk for the long term goals.

Sorry if this pisses people off. Honestly I'm on the fence, but I do have a lot of concerns. I've also been into VTC from the very start, I'd hate to see one of my favorites do something dangerous soley for the purpose of hoping for some market attention and a pump.

[metalicjames]

Syscoin already upgraded to Segwit and the market didn't care.

Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit.

Perhaps the market thinks that adding a scaling solution to a coin that does not need scaling is not a big deal?

Sure. Also, hasn't VTC kind of staked its claim as a small scale miner coin by changing the algo? I thought the whole long term strategy of this coin was to play safe and keep out big scale mining operations. Segwit adds functionality that has no relevance to that purpose that i can ascertain.

And the fork talk. People would really like to see this coin split into two? You think it has the market cap value to support that and survive? Please correct me if I'm wrong, but the Vrn miner who refuses to switch has plenty of hash on its own and could very well mine the old chain and sustain it if forced to fork away- is that right? So if  the method mentioned earlier to knock him out is successful and he doesn't switch, he would be forked away but continue on?

VTC has survived by remaining relevant to small miners and a lack of competition among early coins as many of them have died off. There are only so many coins left from that era. Age=value. Look at NMC. Its not of much use as a crypto, but remains valuable given its age and what it has outlasted. Shouldn't that be the ultimate goal here with VTC? Survival. Forking the coin and adding function it doesn't need (and done by countless newer coins already) seems counter intuitive and adds unnecessary risk for the long term goals.

Sorry if this pisses people off. Honestly I'm on the fence, but I do have a lot of concerns. I've also been into VTC from the very start, I'd hate to see one of my favorites do something dangerous soley for the purpose of hoping for some market attention and a pump.

Upgrading to the latest Bitcoin Core base though adds a lot more security to the network from upstream fixes. Futhermore, SegWit will allow us to support the Lightning network once it is ready. Finally, a number of the BIPs (including SegWit) fix malleability issues that increase the security of the chain. All of this will allow VTC to outlast a great many coins.

[remistevens]

Syscoin already upgraded to Segwit and the market didn't care.

Perhaps the market thinks there's nothing special about it, most altcoins that uses bitcoin code can easily upgrade to segwit.

Perhaps the market thinks that adding a scaling solution to a coin that does not need scaling is not a big deal?

Sure. Also, hasn't VTC kind of staked its claim as a small scale miner coin by changing the algo? I thought the whole long term strategy of this coin was to play safe and keep out big scale mining operations. Segwit adds functionality that has no relevance to that purpose that i can ascertain.

And the fork talk. People would really like to see this coin split into two? You think it has the market cap value to support that and survive? Please correct me if I'm wrong, but the Vrn miner who refuses to switch has plenty of hash on its own and could very well mine the old chain and sustain it if forced to fork away- is that right? So if  the method mentioned earlier to knock him out is successful and he doesn't switch, he would be forked away but continue on?

VTC has survived by remaining relevant to small miners and a lack of competition among early coins as many of them have died off. There are only so many coins left from that era. Age=value. Look at NMC. Its not of much use as a crypto, but remains valuable given its age and what it has outlasted. Shouldn't that be the ultimate goal here with VTC? Survival. Forking the coin and adding function it doesn't need (and done by countless newer coins already) seems counter intuitive and adds unnecessary risk for the long term goals.

Sorry if this pisses people off. Honestly I'm on the fence, but I do have a lot of concerns. I've also been into VTC from the very start, I'd hate to see one of my favorites do something dangerous soley for the purpose of hoping for some market attention and a pump.

Upgrading to the latest Bitcoin Core base though adds a lot more security to the network from upstream fixes. Futhermore, SegWit will allow us to support the Lightning network once it is ready. Finally, a number of the BIPs (including SegWit) fix malleability issues that increase the security of the chain. All of this will allow VTC to outlast a great many coins.

Interesting, thanks for the reply. I'm not sure I understand the need for security upgrades, maybe you could elaborate please? If there was a security issue, wouldn't it have been exploited by now on this or countless other coins running similar codes? What security risk is being diminished? My understanding was that even the quantum computer risk can be nullified by using a new wallet address for each transaction...

Also, I thought this coin didn't have a scaling problem and therefore doesn't need the lightning network?

There are inherent risks to any fork, I don't need to be a coder to understand that. I also have a good sense of markets and trading. From that perspective forking into two chains, in my opinion if it happened, is a bad idea.

Sorry but its not convincing to me. I'm looking at cost/benefit. The cost here is a risk of forking into two coins and any inherent risks in the more complicated Segwit code that may not yet have been flushed out. I'm weighing that against the benefit that seems to be adding security upgrades that aren't needed and scaling which isn't needed. So its taking a risk, for no forseeable benefits (with the exception that it would almost certainly cause a short term pump).

[laKING]

@etang6000 In roadmap will have the Confidential Transactions?