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

[Romir]

the thing is, there is supposed to be 84 million coins and there is only 1.5 million so far

this coin will be heavy to maintain

It is no heavier than Litecoin is today. We get 28800 new coins a day at $5 per coin, yielding $144k daily coin maintenance cost. This is currently 1/5 the maintenance rate of Litecoin.  VTC is the heir apparent, so attracting new funds away from other coins e.g. DOGE (lol) should not be an issue.
 
 

Errm, 1/5 the maintenance of Litecoin with less than 1/50th the market cap?

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[maxvolts]

Maxvolts, I've got 290s. Given the price difference I'd buy 280x's if I had to build a new rig.

Thanks for the advice, will save me a few quid!

[lagur]

In vtc.poolz.net
 - quite concerned that I'm only getting like 2/3rd only of the actual hashrate in vertminer console. Expecting a little fluctuation +/- of my actual.
 - also getting 2-3% invalids.

Anyone experiencing this?

2-3% is quite normal with high intensity (19-20). I have <1% but my cards are R9 280x with I 13. Please check HW errors in your miner as well - there should be 0.

I see... I remember I did some trial and error vertminer configurations at same block that might cause rejects badly.

Now looking at <1% invalids and 0 HW errors.

Anyway I do have 2x 280x (367/375 kH/s) and a 7950 (257 kH/s) at the moment using same settings as doges' -I 13.

[UdjinM6]

cryptsy down ?

"502 Bad Gateway" for about 5 minutes

checked time - 15 minutes actually 

[BBZ]

if i ever meet vern in rl ill kick his balls without warning. Same as he does to me with this unannounced downtime.

[Basnoff]

Maxvolts, the 290s do about 30 kH/s more than my 7970s (280x is basically a rebranded 7970). There's a 100 euro price difference where I live, so the 290s are not worth it IMO. (I had hoped I could squeeze more out of them...)

[prometheianz]

Dead cat bounce? or buy time?

[inqd]

transaction was at 2014-02-05 22:08:02

[Basnoff]

BBZ, lol! Add one for me please.

[s4ndm4ns]

taking forver to confirm my BTC transfer.. i will miss out on discounts

[Basnoff]

inqd, I don't know what timezone you're in. Is that roughly 2 hours and 20 minutes ago?
But any way it could take some time. Never took 2 hours from them to my wallet before though...
Checked addresses and the such?

[prometheianz]

Miners haven't been deterred.. a good sign.

[HinnomTX]

theres one thing i dont understand though

how will the price maintain when there comes 82 new million coins??

are only at 1.5million coins now

feels like a bad investment tbh

What you see as a bad investment may turn out to save the coin from the pump and dump graveyard. The current distribution of this coin is incredibly fair (no pre-mine or insta-mine). With 82 million coins left to mine (over many years), everyone has an opportunity to save and amass wealth either through mining or direct purchases of the coin. By keeping the mining focused on a GPU-centric ecosystem, we preserve some form of equal opportunity by avoiding botnet (CPU) mining on one hand, and avoiding ASICs on the other hand.

Also, the inflation halves over time. In 3.8 years the coin subsidy drops from 50 to 25 coins per block. VTC and LTC follow the same distribution model as BTC. The miner incentives and coin adoption rate are pretty well balanced. It was wise of the VTC developers not to deviate from the BTC/LTC distribution model.

[cherominerito]

Someone is tryning to manipulate market selling a few coins at low price.

[prometheianz]

Someone is tryning to manipulate market selling a few coins at low price.

It's all good if you've got buy traps

[ieatm3s]

Wow, that volatility. Im just gonna sit this one out.

[Basnoff]

Someone is tryning to manipulate market selling a few coins at low price.

Yep, noticed that too.

[BBristow79]

Sitting out is what I'm doing to. If I had more btc I'd be buying currently all in VTC.

That being said I'm sure I could help lower the price but I don't want to do that

[spiffcow]

Funny how people are talking about the coin tanking when its going price is 20% higher than it was the day before yesterday.  Every coin peaks when it hits cryptsy, then plummets, then usually evens out after a week.  I just wish I had sold more when it peaked (I tried, but cryptsy wasn't letting deposits go through).

[HinnomTX]

Miners haven't been deterred.. a good sign.

Always a good idea to watch what the miners are doing. They are smart asset allocators, and they know this coin is legit.