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

[styxical]

First i say that i do not know much about specifics of how the diff change algos and stuff works.
So not sure if i make any good sense.

But what about such idea:
When multipools enter they cause spike in network hash rate.
and as hash rate increases diff increases i do not know if it is linear relation or not.

But what if in case of big spike in hash rate change, the difficulty rate would overreact.
So lets say 600mh enters suddenly network then diff would jump exponentially (overreacting) and would take some time to calm down to the level it should be at such network hashrate.
Like creating resistance or inertia.
So when Multipool jumps in it must initially stay in not profitable environment and wait for it to become profitable. So all kind of jumping is discouraged.

And if network hasrate grows in normal slow rate then such resistance would be practically non existent.

This seems like a good idea. Anyone have reason why this is a bad idea?

[trogdorjw73]

What do you think? 1 GH scrypt-n miner?

https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/

LOL

Nah, I don't trust it, I live in France so if this wasn't a scam, we would already hear about it in the french bitcointalk part

And seriously.... 1 Gh in this small pizzabox, what the fuck

In fact, even not in a 1u rack, 1 GH idiot scam, 200 mh in scrypt-n would be ok but 1Gh...

Looks like a total scam to me as well. 1GH Scrypt-N? I guess that would make it 2GH Scrypt, right, or will ASICs that can do Scrypt-N not scale the same as GPUs? Also, isn't the first N-Factor adjustment coming in January? I would assume it's theoretically possible to make an ASIC that will handle any N-Factor, but it will still scale like GPUs (and it would need a lot of RAM I believe in order to be able to run higher N-Factors effectively).

[silencesilence]

Today I thought of starting a project ..... but apparently some have already done it

Anyone know who owned of this domain?
http://vertmap.com/

I was pleasantly surprised 

[trogdorjw73]

Another question on Stealth Transactions:

Where exactly are the coins in between the time you send them and when they show up on the block explorer? Are blocks with Stealth Transactions exclusively SX, or can SX be mixed with "normal" transactions in a block (I'm guessing this is the case)?

As far as I can tell, the problem right now appears to be that many (most?) VTC wallets/servers are not running the latest code, so they don't support SX and thus they won't relay any coins from an SX. So I guess what needs to happen is that a pool/miner that supports SX needs to find a block, and only then can the transaction show up. If that's the case, is there some way to find out the percentage of nodes being found by SX enabled pools/miners -- and probably light a fire under the pools that haven't updated?

[iGoodw1n]

Today I thought of starting a project ..... but apparently some have already done it

Anyone know who owned of this domain?
http://vertmap.com/

I was pleasantly surprised 

http://www.reddit.com/r/vertcoin/comments/20p3o6/to_celebrate_the_first_merchant_monday_i_have/

[dertalseidm]

Vertcoin come up again.

[iGoodw1n]

Another question on Stealth Transactions:

Where exactly are the coins in between the time you send them and when they show up on the block explorer? Are blocks with Stealth Transactions exclusively SX, or can SX be mixed with "normal" transactions in a block (I'm guessing this is the case)?

As far as I can tell, the problem right now appears to be that many (most?) VTC wallets/servers are not running the latest code, so they don't support SX and thus they won't relay any coins from an SX. So I guess what needs to happen is that a pool/miner that supports SX needs to find a block, and only then can the transaction show up. If that's the case, is there some way to find out the percentage of nodes being found by SX enabled pools/miners -- and probably light a fire under the pools that haven't updated?

When you send to SX address, it will be send in next block and will be registered in blockchain as transaction to some random wallet address that is not associated with receiver address.

[ymer]

Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

[jk_14]

What do you think? 1 GH scrypt-n miner?

https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/

LOL

Nah, I don't trust it, I live in France so if this wasn't a scam, we would already hear about it in the french bitcointalk part

And seriously.... 1 Gh in this small pizzabox, what the fuck

In fact, even not in a 1u rack, 1 GH idiot scam, 200 mh in scrypt-n would be ok but 1Gh...

Looks like a total scam to me as well. 1GH Scrypt-N? I guess that would make it 2GH Scrypt, right, or will ASICs that can do Scrypt-N not scale the same as GPUs? Also, isn't the first N-Factor adjustment coming in January? I would assume it's theoretically possible to make an ASIC that will handle any N-Factor, but it will still scale like GPUs (and it would need a lot of RAM I believe in order to be able to run higher N-Factors effectively).

Scrypt-N ASIC scale two times worse than GPUs:

"We are using on chip memory.  N=16384 is the highest factor."
and
"As Scrypt-N is more memory intensive our hardware will mine at a proportionally lower hashrate as the N difficulty increases.  For example, we mine at 2.5MH/s per 10MH chip on Vertcoin."
https://bitcointalk.org/index.php?topic=404364.msg6797880#msg6797880


For scrypt ASIC with variable N-factor mode - N=32768 seems to be the killer value
- and not because of some "architecture blocker", but because of the power efficiency:
GPU farm would be more efficient than such ASIC...

[Crypto_EX]

What do you think? 1 GH scrypt-n miner?

https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/

LOL

Nah, I don't trust it, I live in France so if this wasn't a scam, we would already hear about it in the french bitcointalk part

And seriously.... 1 Gh in this small pizzabox, what the fuck

In fact, even not in a 1u rack, 1 GH idiot scam, 200 mh in scrypt-n would be ok but 1Gh...

Looks like a total scam to me as well. 1GH Scrypt-N? I guess that would make it 2GH Scrypt, right, or will ASICs that can do Scrypt-N not scale the same as GPUs? Also, isn't the first N-Factor adjustment coming in January? I would assume it's theoretically possible to make an ASIC that will handle any N-Factor, but it will still scale like GPUs (and it would need a lot of RAM I believe in order to be able to run higher N-Factors effectively).

Scrypt-N ASIC scale two times worse than GPUs:

"We are using on chip memory.  N=16384 is the highest factor."
and
"As Scrypt-N is more memory intensive our hardware will mine at a proportionally lower hashrate as the N difficulty increases.  For example, we mine at 2.5MH/s per 10MH chip on Vertcoin."
https://bitcointalk.org/index.php?topic=404364.msg6797880#msg6797880


For scrypt ASIC with variable N-factor mode - N=32768 seems to be the killer value
- and not because of some "architecture blocker", but because of the power efficiency:
GPU farm would be more efficient than such ASIC...

devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

[mmouse]

devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

[slapper]

So now Vertcoin gangstas have decided to troll other coins?

[slapper]

Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?

[styxical]

Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?

Actually energy is the limiting factor for pretty much any miner. So the total energy consumed by any given PoW network will reach the same limits. The power just runs through different hardware - and this community would rather that hardware be equally and easily accessible to everyone.

[slapper]

Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?

Actually energy is the limiting factor for pretty much any miner. So the total energy consumed by any given PoW network will reach the same limits. The power just runs through different hardware - and this community would rather that hardware be equally and easily accessible to everyone.

NM man, I had no intention to fud up here. Just got aggravated by constant FUD attacks from ymer in Darkcoin thread for what appears to be months now. Having being at the receiving end of such attacks, I know how exhausting it can be. Don't intend to rile you guys up. Enjoy.

[cyberhacker]

here comes what you want!

http://www.reddit.com/r/vertcoin/comments/29p5m7/ann_presenting_vertverser/

[andreibi]

Stealth addresses rely on the Elliptic curve Diffie-Hellman algorithm, originally used by Bitcointalk.org forum member ByteCoin, to generate an anonymous key agreement between payors and payees, enabling them to share a “secret” that can be used for them to divide funds.

A step-by-step diagram illusrates how Stealth addresses work in four steps:



    The payee publishes a public key ‘Q‘ and a corresponding private key ‘d‘.
    The payer generates a key pair where the private key = ‘e‘ public key of ‘P‘ where ‘P‘ is the transaction.
    The payer calculates ‘S=eQ‘, where ‘S‘ is a shared secret between the two parties. The payee calculates ‘S=dP‘ to get ‘S‘.
    With the secret shared, either side can calculate an offset to ‘Q‘, which acts as the address. The payee then checks the transaction, and if the address matches, spends the funds.

[Crypto_EX]

devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before

[jwinterm]

devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before

They say that they're working on a new algo, and __IF__ n-scrypt asics materialize, then they will implement new algo. n-scrypt asics are just vaporware, as far as I'm concerned, so I'd be surprised if new algo is introduced before new year...but we shall just have to wait and see.

[Equate]

devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before

They say that they're working on a new algo, and __IF__ n-scrypt asics materialize, then they will implement new algo. n-scrypt asics are just vaporware, as far as I'm concerned, so I'd be surprised if new algo is introduced before new year...but we shall just have to wait and see.

Who cares if scrypt-n asics are vaporware or in development , as long as Devs are ready to fork VTC as soon as Asics appear.