Download logo (vector)
: https://www.dropbox.com/s/pa4pil2ggyd51yv/vert_roundel_logo_18_02_14.svg Official website : https://vertcoin.orgWhat is Vertcoin?
Vertcoin is a cryptographic currency, similar to Bitcoin and Litecoin, with one major difference. As the forerunner of the digital currency movement, the original Bitcoin developers were unable to perceive all potential threats that would arise to challenge it's mission as a decentralized currency.
Millions of dollars were spent by various companies to build application specific integrated circuit (ASIC) computers in an attempt to monopolize mining. These devices made it so GPUs and CPUs were no longer useful in the mining process. As a result, the vast majority of Bitcoin mining and transactions would now be processed by large data centers that required hundreds of thousands, or millions of dollars in investment.
Now that Bitcoin computational power is handled almost entirely by large data centers, the currency has rapidly changed from a distributed, decentralized currency, to one that is much more centralized and vulnerable. Companies such as Cex.io are routinely hitting 40% PoW computational power on a daily basis, and will soon be able to perform 51% attacks at will, if they so choose.
Due to the problems ASIC chips brought on the digital currency platform, a new currency, Litecoin was created. Litecoin attempted to utilize the Scrypt hashing algorithm, which is more memory intensive than SHA256, to deter ASIC use. As of January 2014, there are now Scrypt ASIC chips being deployed by the Chinese for mining. So far, around 1000 Mhash of Gridseed ASIC chips have been brought online and used on the litecoin and middlecoin.com network.
The Chinese chips have not been released on the greater market at large, but eventually they will, and the same problems that SHA256 currency faces will come to the Litecoin and other Scrypt currency networks next.Where does Vertcoin fit into this?
Scrypt was utilized by Litecoin to try and deter ASIC use because large memory requirements are the best way to try and make ASIC financially unfeasible. Litecoin held out for a while, but the original memory requirements in the barebone litecoin distribution were just not high enough to lock out ASIC completely.
Vertcoin has now been released as the logical evolution of Litecoin and introduces what's known as "Adaptive N-Factor". The N-factor component of Scrypt determines how much memory is required to compute the hashing functions. Vertcoin N-factor increases with time to stay one step ahead of any possible ASIC development.
For the long, foreseeable future, GPU computing will be the fastest method of computation for Vertcoin, but CPU computation will eventually make gains as N-factor increases.
Due to the large demand for having a more ASIC proof currency ( https://bitcointalk.org/index.php?topic=359323.0
), Vertcoin was created using Litecoin as a base, and has an adaptive N-factor applied based on the timestamp of blocks generated. Instead of using a fixed value of 10, such as Litecoin does, the Vertcoin N-factor begins at 11 and gradually increases over time using the following schedule:
| N | Memory | Timestamp | Date/Time | |
| 2048 | 256 kB | 1389306217 | Thu, 09 Jan 2014 22:23:37 GMT | |
| 4096 | 512 kB | 1456415081 | Thu, 25 Feb 2016 15:44:41 GMT | |
| 8192 | 1 MB | 1506746729 | Sat, 30 Sep 2017 04:45:29 GMT | |
| 16384 | 2 MB | 1557078377 | Sun, 05 May 2019 17:46:17 GMT | |
| 32768 | 4 MB | 1657741673 | Wed, 13 Jul 2022 19:47:53 GMT | |
| 65536 | 8 MB | 1859068265 | Tue, 28 Nov 2028 23:51:05 GMT | |
| 131072 | 16 MB | 2060394857 | Tue, 17 Apr 2035 03:54:17 GMT | |
| 262144 | 32 MB | 2463048041 | Sun, 19 Jan 2048 12:00:41 GMT | |
| 524288 | 64 MB | 2999918953 | Fri, 23 Jan 2065 06:49:13 GMT | |
| 1048576 | 128 MB | 3536789865 | Wed, 28 Jan 2082 01:37:45 GMT | |
| 2097152 | 256 MB | 5684273513 | Mon, 16 Feb 2150 04:51:53 GMT | |
| 4194304 | 512 MB | 7831757161 | Sat, 07 Mar 2218 08:06:01 GMT | |
| 8388608 | 1 GB | 9979240809 | Thu, 25 Mar 2286 11:20:09 GMT | |
| 16777216 | 2 GB | 16421691753 | Fri, 19 May 2490 21:02:33 GMT | |
| 33554432 | 4 GB | 22864142697 | Sun, 15 Jul 2694 06:44:57 GMT | |Technical Details:
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Symbol : VTC
Max Coins: 84 million vertcoins.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithm
Block Rewards: 50 coins per blockPremine
There is no premine except three, normal blocks done to test the network (150 coins). You can use the block explorer below to look them up. Unlike many other coins, no one has received a large amount of free coins to dump on an exchange.Explorerhttps://explorer.vertcoin.orghttp://cryptexplorer.com/chain/VertCoinhttp://t-ut.obi.vg/chain/VertcoinGraph & Statisticshttp://graph.vertcoin.orgHow to Mine
1) GPU mine using CGminer modified for Vertcoin support (currently fastest method):
1. Windows Version https://vertcoin.org/downloads/vertminer-0.5.3.zip
2. Source code for both Windows and Linux https://github.com/Bufius/vertminer-gpu
Build HOWTO for vertminer: https://vertcoin.org/gpu-miner-build-howto.html IMPORTANT: Please note that the Vertcoin algorithm requires different GPU settings, and that you will attain, at most, 50% of the normal hashrate that you would get mining a normal scrypt coin. Everyone else will also of course have at most half their normal hashrate, so you will remain equally competitive and mine the same "slice of the pie" as you normally would.
In particular, you will need a --thread-concurrency setting of around 70% your normal setting. There is a GPU settings thread at https://bitcointalk.org/index.php?topic=416572.new#new that may help with setup, and if you are setting up on a GPU type that no-one has posted settings for yet, it would be appreciated if you would post your GPU type, settings and hashrate achieved in that thread.
2) GPU mine using CUDAminer modified for Vertcoin support
1. Windows 64 bit Version https://vertcoin.org/downloads/CudaminerWin64.zip
2. Source code for both Windows and Linux https://github.com/cbuchner1/CudaMiner
3. OSx Build of CUDAMiner https://vertcoin.org/downloads/CudaminerOSx-Aleks_N.zip
Requirement : CUDA toolkit 5.5 and "--algo=scrypt:2048" command
3) CPU mine using CGminer or CPUminer modified for Vertcoin
1. Windows version https://www.amazon.com/clouddrive/share?s=D_fMD9YnSuMm5b8Ldi-jiA
2. Source https://github.com/Bufius/cpuminer-vert
4) CPU mine with wallet (currently slowest method):
1. Open Vertcoin Wallet
2. Choose Help
3. Select Debug window
4. Select Console
5. Type “setgenerate true <number of thread(s)>”
6. type "getmininginfo" to see hashrateList of Pools
for pools list.
for p2pool list.Warning, mining on the largest pool can cause problems with the coin. Please choose one of the smaller pools
. You can find the pools total hash rate by visiting the "Home" page of most pools, or by going to Statistics>Pools once logged in.Vertcoin Mining Calculator http://www.verters.com/vertcoin-mining-calculatorWallet
Windows installer package: https://vertcoin.org/downloads/Vertcoin-setup.zip
Windows plain (non-installer) zip: https://vertcoin.org/downloads/Vertcoin-Qt-Win.zip
Mac OS X: https://www.amazon.co.uk/clouddrive/share?s=0cyjLd8fRvIjZLFf6Y3ZWg
Ubuntu users can now install from our PPA in addition to building from source;
sudo add-apt-repository ppa:vertcoin/ppa && sudo apt-get update
sudo apt-get install vertcoin
Please consider contributing your signatures to our build validation process - https://github.com/vertcoin/gitian.sigs.vtc
Trading and Exchangeshttps://coinedup.comhttps://poloniex.com/market.php?currencyPair=BTC_VTChttps://coin-swap.net/https://www.coinmarket.io/market/VTCBTChttps://openex.pw/index.php?page=trade&market=105https://www.cryptsy.com/markets/view/151https://cryptx.iohttps://bter.com/trade/vtc_btchttps://bter.com/trade/vtc_cnyhttps://vircurex.com/welcome/index?alt=btc&base=vtc&locale=enhttps://www.swisscex.com/https://coinex.pwhttps://c-cex.com/index.html?p=vtc-btchttps://bittylicious.com/https://bittrex.com/Where can I spend Vertcoin ?http://www.allin.pt/http://www.lotwin.com/http://www.cryptosextoys.com/http://vertcoindice.comhttp://vertcoincasino.com http://www.coingas.com
For those can not sync please add nodes, check out this fix:
1. Create a text file c:\users\YOUR-NAME\appdata\roaming\vertcoin\vertcoin.conf (or on linux, ~/.vertcoin/vertcoin.conf) and paste the following into it:
2. Delete everything in %appdata%/vertcoin except wallet.dat and vertcoin.conf
3. (re)start the Vertcoin wallet.
facebook : https://www.facebook.com/vertcoin
twitter : https://twitter.com/Vertcoin
reddit : http://www.reddit.com/r/vertcoin/
IRC : #vertcoin on freenode
forum : http://vertcoinforum.com/Media
Followthecoin : http://www.followthecoin.com/interview-creator-vertcoin/
MadBitcoins : http://www.youtube.com/watch?v=RJvDIJ0Hr2A
Vertcoin: About to Go Vertical? : http://www.holynerdvana.com/2014/01/vertcoin-about-to-go-vertical.htmlhttp://www.ibtimes.co.uk/bitcoin-litecoin-dogecoin-more-all-report-heavy-losses-wake-shrem-arrest-1434099http://www.cryptocoinsnews.com/2014/01/28/interview-fluffypony-open-rigs-owner-long-time-miner/http://coinchomp.com/2014/02/02/a-brief-introduction-to-vertcoin/http://www.ibtimes.co.uk/cryptocurrency-news-round-vertcoin-surge-continues-mt-gox-frustration-builds-1435175http://www.ibtimes.co.uk/bitcoin-litecoin-dogecoin-vertcoin-how-buy-cryptocurrency-1435435http://uk.news.yahoo.com/vertcoin-soaring-cryptocurrency-set-surpass-bitcoin-165058275.htmlhttp://www.dcmagnates.com/lets-get-vertical-how-vertcoin-spiked-over-800-in-2-days/https://medium.com/p/225f5a2d4f93http://www.cryptocoinsnews.com/2014/02/20/vertcoin-developer-paul-bradley-talks-zerocoin-asic-resistance/http://www.cryptocoinsnews.com/2014/03/08/vertcoin-active-coin/How to building the modded cgminer in linux
For reference, the test build was done on a bare Ubuntu 12.04 LTS which had been freshly installed then updated using:
sudo apt-get update
sudo apt-get upgrade
Contributions of alternative instructions for different distros are appreciated.
First, prepare the necessary dependencies:
sudo apt-get install build-essential git libcurl4-gnutls-dev
Get the modded cgminer:
git clone https://github.com/Bufius/vertminer-gpu
Get the main AMD app sdk:http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/downloads/
and get the ADL SDKhttp://developer.amd.com/tools-and-sdks/graphics-development/display-library-adl-sdk/
(The ADL SDK is for temp and fan readouts in cgminer)
Manually download the above 2 files into your ~/Downloads/ folder, you cannot wget them because of the way the AMD website works, you'll
have to use a browser and manually download them.
Install the main AMD APP_SDK, make sure to decompress it in a subfolder or it untars in an untidy way:
mv AMD-APP-SDK-v2.9-lnx64.tgz amd_sdk
tar zxvf AMD-APP-SDK-v2.9-lnx64.tgz
The installer for the APP_SDK seems to break some files, or at least it did during testing. Do the following to fix it:
in here are two files amdocl32.icd and amdocl64.icd, you will find their contents (they are just text files) to be "libamdocl32.so" and
"libamdocl64.so" respectively. Edit them to include their full paths, so the contents of amdocl32.icd becomes "/usr/lib32/fglrx/libamdocl32.so"
and the contents of amdocl64.icd becomes "/usr/lib/fglrx/libamdocl64.so"
Make a folder to unzip ADL_SDK into (it unzips in an untidy way otherwise)
mv ADL_SDK_6.0.zip adl
Now copy the headers from the adl sdk into the appropriate folder in the cgminer source:
cp *.h ~/vertminer-gpu/ADL_SDK
Now we have the build environment ready, so we can:
and use the included script to build with:
You now have a vertminer binary in the vertminer-gpu folder, which you can either copy to your path, or run directly.
1. r0ach (David Muller): Site write-up, technical explanation of the coin, it's features, and the problems facing BTC/LTC that Vertcoin addresses
2. Bufius: port of cgminer and cpuminer to Vertcoin
3. Aleks_N: CGMiner Windows builds, OSx and Windows 64 bit build of CudaMiner
4. foxill1: logo design
5. candidakefyr: for providing the beautiful Vertcoin blockchain explorer
6. Cryptomancer: for creating Reddit for Vertcoin
7. sang: for creating #vertcoin on IRC
8. instacash: for compiling the souce code for Mac OS X version 0.8.6.1
9. bengt: for compiling the souce code for Mac OS X version 0.8.6.2
9. ziga: for creating first pool for Vertcoin
10. DarkriftX: for creating vertcoin.com for providing Vertcoin pool list
11. donschoe: for creating vertcoin p2pool list
12. boris_the_spider: for implementing KWG algorithm, building windows wallet, fixed various bugs, paper wallet, web design, outreach and publicity