Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[Vertcoin]

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

Hi, Bushido

There was some discusion between me and two well known GPU miner developers about POW dedicated for GPU, but hard for ASIC
https://bitcointalk.org/index.php?topic=484261.0

Project is now frozen - but some thoughts are still worth of consideration.
Should I describe it here or better more confidently, via PM for example?

Regards
JK

Thanks JK, please PM me.

[jk_14]

Thanks JK, please PM me.

Sent

[rdnkjdi]

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

Just my .02.  But I think the multipools should be attacked on the basis of securing the network by rewarding miners who secure it rather than those who are a security threat (multipools) vs doing something about it just because they are dumping coins on exchanges.  

One or two massive miners swooping in for 3 hours then leaving is closer to a threat than actually helping network security.

Longer mined block confirmation times reward those who consistently secure the network imo.  I'm not a fanboy of any solution - but I do think getting rid of them makes sense just on the basis of wealth distribution should be geared towards those securing the network.

[rokkyroad]

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

This kind of news and communication from developers makes me confident in my VTC investment.

I refuse to put any money into the newer products.  I'm thinking of the recent Silkcoin debacle and who will be next.

[mobile4ever]

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

This is great news and I will be watching even closer, which is hardly humanly possible. Keep up the good work.

[gonzzo]

Let's me summarize for you.

1. Scrypt-N ASIC, We have looking for another algorithm already. We have planed to implement it in GPU and CPU miner after we released Stealth Addresses.

2. Multiple PoW, In order to change to the new algorithm, it must be smooth transition as much as possible. We have planed to implement multiple PoW from Scrypt-N to the new algorithm. According to the plan, it will be Scrypt-N -> New Agorithm + Scrypt-N -> New Algorithm.

3. Multipool & Inflation, We still discussing the solutions with team members to find the best way to solve it, but it will do nothing until we released Stealth Address.

4. Stealth Address, It is in progressing.  

Thanks,
bushido

appreciated tx a lot!
a cooler algo would be uhm cool  if possible 

[flyingdutchmen]

Look forward for the new algo, it will be best that the ASIC is impossible to be developed under current design/fab capability

[bengx]

New X11 multipool online in beta mode - you mine X11 algo and get paid directly in VTC! Check out reddit thread here:

http://www.reddit.com/r/vertcoin/comments/292jdj/ann_greenpool_x11_multipool/

Come on, we need more hashes!

[jk_14]

New X11 multipool online in beta mode - you mine X11 algo and get paid directly in VTC! Check out reddit thread here:

http://www.reddit.com/r/vertcoin/comments/292jdj/ann_greenpool_x11_multipool/

Come on, we need more hashes!

70MH/s added

[MichBjukenon]

New X11 multipool online in beta mode - you mine X11 algo and get paid directly in VTC! Check out reddit thread here:

http://www.reddit.com/r/vertcoin/comments/292jdj/ann_greenpool_x11_multipool/

Come on, we need more hashes!

70MH/s added

10MH/s added too

ps. if someone has a good x11 config for R9 290 TRI-X OC it would make my day

[silencesilence]

New X11 multipool online in beta mode - you mine X11 algo and get paid directly in VTC! Check out reddit thread here:

http://www.reddit.com/r/vertcoin/comments/292jdj/ann_greenpool_x11_multipool/

Come on, we need more hashes!

70MH/s added

10MH/s added too
ps. if someone has a good x11 config for R9 290 TRI-X OC it would make my day

good choice for summer, half my PC are in multi pool - http://x11.greenpool.tk/ and the other half mining directly VTC+MON 

apparently many people want VERTCOIN,  multi pool has good speed

Pool Stats: Hashrate: 534.38 MH/s

People who mining here wafflepool.com, should soon be transferred because they earn less  in wafflepool.com, but more in x11.greenpool.tk

[tema-proc]

Does anyone knows what is going on with https://vert.bitcrush.info/? I cannot login, and miner not working/

[Kalizar]

I posted this in reddit.com/r/vertcoin, but I will post it here too.
I highly recommend everyone who reads this to switch over to this X11 multipool. You can currently mine more coins daily and decrease electricity costs. As this pool gets larger, it will increase buy orders on the exchange; increase VTC's price.

Summer keeps getting hotter, and "mining profit:electricity" is getting scarce. However, miners can mine the X11 algorithm and decrease GPU temperature 10+ degrees and lower electricity consumption by 50%.

For anyone who is unaware, wafflepool is a multipool that recently added Scrypt-N coins. It's currently mining 700 MH/s at Vertcoin and instantly selling it for BTC. That is 12% of VTC's network consistently selling. This has been effectively lowering VTC's price since its release.


Since 06/03/2014, WafflePool has managed to mine and sell 34,000. This number is increasing nearly every hour. Luckily, GreenPool just released their X11 multipool.

WafflePool's Scrypt-N Stats: http://wafflepool.com/stats/nscrypt

WafflePool's Vertcoin Wallet: https://explorer.vertcoin.org/address/VgoL97E5CEbPJtcfuNHw9B8rEudTgVQeC6

GreenPool's X11: http://x11.greenpool.tk/


Miners are already showing their support with, already, over 500 MH/s mining and buying VTC. Unfortunately, this is not enough. We need much more to counteract the sell pressure that is being dealt.

BONUS: Nvidia (CudaMiner) users should expect 6X increase in hash rate. (750 Ti = 2.3 MH/s | R9 290 = 3.4 MH/s)


I am willing to donate, and recommend others to join, 5+ VTC for anyone who makes a guide to help miners switch to X11 from Scrypt-N. I expect it to be comprehensive enough to easily get the most out of their GPUs and installing/configuring the X11 Miner or CudaMiner.

Until this sell pressure is neutralized, this pool and VTC itself needs more hash power.
I understand the developers are working on possibilities to fend off multipools like WafflePool. In the meantime, the VTC will continuously get massively sold and this is the only countermeasure

[leiman]

https://bitcointalk.org/index.php?topic=623409.0

280x -  1060/1500 give me 3.1Mh/s
sgminer.exe -o stratum+tcp://x11.[Suspicious link removed]:3333 -u xxxx -p xxxx -g 4 -I 20 -w 256 --thread-concurrency 8192 -k x11mod

7950 - 1100/1500 give me 3.1Mh/s
sgminer -o stratum+tcp://x11.[Suspicious link removed]:3333 -u xxxx -p xxxx --thread-concurrency 8192 -I 18 -g 4 -w 256 -k x11mod

I am already mining in greenpool .

[MichBjukenon]

del *.bin
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
COLOR 0A
sgminer.exe -k x11mod -o ********* -g 2 -w 128 --lookup-gap 2 --thread-concurrency 20481 --xintensity 512 --gpu-engine 1040 --gpu-memclock 1300 --gpu-powertune 20 --auto-fan

3x R9 290 TRI-X OC

im getting 3200kh/s on 2 of them and 3600kh/s on 1 dunno why o.O

i heard 290x and 290 tri-x could get to 4100kh/s and more...

[jk_14]

Miners are already showing their support with, already, over 500 MH/s mining and buying VTC. Unfortunately, this is not enough. We need much more to counteract the sell pressure that is being dealt.

BONUS: Nvidia (CudaMiner) users should expect 6X increase in hash rate. (750 Ti = 2.3 MH/s | R9 290 = 3.4 MH/s)

With last efficient ccminer version - over 2.6 MH/s is easy with 750Ti, @ 45W from the wall (~85% PSU eff.)

Code:

Jun 26 11:33:12 kopiemtu cpuminer[5330]: GPU #0: GeForce GTX 750 Ti, 2638 khash/s
Jun 26 11:33:12 kopiemtu cpuminer[5330]: accepted: 1439/1446 (99.52%), 7936 khash/s (yay!!!)
Jun 26 11:33:15 kopiemtu cpuminer[5330]: GPU #1: GeForce GTX 750 Ti, 2632 khash/s
Jun 26 11:33:15 kopiemtu cpuminer[5330]: accepted: 1440/1447 (99.52%), 7927 khash/s (yay!!!)
Jun 26 11:33:16 kopiemtu cpuminer[5330]: GPU #2: GeForce GTX 750 Ti, 2652 khash/s
Jun 26 11:33:16 kopiemtu cpuminer[5330]: accepted: 1442/1449 (99.52%), 7862 khash/s (yay!!!)

Just go for KopiemTu v1.3, and apply the patch from post below - for having brand new ccminer with "Groestl killer":

https://litecointalk.org/index.php?topic=16800.msg186597#msg186597

[silencesilence]

"VTC per MH/s per Day: 0.59 VTC" - it is misleading

VTC per X11 MH/s per Day: 0.59 VTC - it's corect @!?!


must be corrected by the owner of the pool  http://x11.greenpool.tk/

[Kalizar]

"VTC per MH/s per Day: 0.59 VTC" - it is misleading

VTC per X11 MH/s per Day: 0.59 VTC - it's corect @!?!


must be corrected by the owner of the pool  http://x11.greenpool.tk/

It should be self-explanatory. You are on the X11 section, so you will see X11 statistics by default. Same goes for the Scrypt and SHA-256 section.

[bengx]

I posted this in reddit.com/r/vertcoin, but I will post it here too.
I highly recommend everyone who reads this to switch over to this X11 multipool. You can currently mine more coins daily and decrease electricity costs. As this pool gets larger, it will increase buy orders on the exchange; increase VTC's price.

Summer keeps getting hotter, and "mining profit:electricity" is getting scarce. However, miners can mine the X11 algorithm and decrease GPU temperature 10+ degrees and lower electricity consumption by 50%.

For anyone who is unaware, wafflepool is a multipool that recently added Scrypt-N coins. It's currently mining 700 MH/s at Vertcoin and instantly selling it for BTC. That is 12% of VTC's network consistently selling. This has been effectively lowering VTC's price since its release.


Since 06/03/2014, WafflePool has managed to mine and sell 34,000. This number is increasing nearly every hour. Luckily, GreenPool just released their X11 multipool.

WafflePool's Scrypt-N Stats: http://wafflepool.com/stats/nscrypt

WafflePool's Vertcoin Wallet: https://explorer.vertcoin.org/address/VgoL97E5CEbPJtcfuNHw9B8rEudTgVQeC6

GreenPool's X11: http://x11.greenpool.tk/


Miners are already showing their support with, already, over 500 MH/s mining and buying VTC. Unfortunately, this is not enough. We need much more to counteract the sell pressure that is being dealt.

BONUS: Nvidia (CudaMiner) users should expect 6X increase in hash rate. (750 Ti = 2.3 MH/s | R9 290 = 3.4 MH/s)


I am willing to donate, and recommend others to join, 5+ VTC for anyone who makes a guide to help miners switch to X11 from Scrypt-N. I expect it to be comprehensive enough to easily get the most out of their GPUs and installing/configuring the X11 Miner or CudaMiner.

Until this sell pressure is neutralized, this pool and VTC itself needs more hash power.
I understand the developers are working on possibilities to fend off multipools like WafflePool. In the meantime, the VTC will continuously get massively sold and this is the only countermeasure

We need more support on x11.greenpool.tk!

[MichBjukenon]

Pool Stats: Hashrate: 517.4 MH/s

keep it up,its rising every minute  

EDIT: Pool Stats: Hashrate: 524.25 MH/s