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

[techstorm2]

Not sure if this is an issue, im mining on CPU and GPU, cgminer, been mining with 500mhash for a few hours and only getting small amounts of vert, also cgminer doesnt show any accepted.

500 *Mega*H/S? I'm guessing you mean kH/s. Your CPU probably isn't doing anything useful. You should be getting around 3 VTC over 24 hours, so small aounts of VTC sounds good..

Cgminer won't do anything useful if it's the standard cgminer you're talking about. Don't you mean vertminer?

Sorry, it was showing Mhash, i must be on the old cgminer.

I'll try the vertminer.

The trickle im getting must be from my cpu mining which seems to be ok.

thanks for the help.

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[mikeymillie]

Is someone here behind the sudden $23,000 buy support above 0.006 for VTC on coinedup?

[luthan]

Guys please tell me why everyone still mine on MPOS pools - there was so many hacked servers and You still nothing learn.
Just start use p2pool and You get money instant to Your wallet.dat and if someone hack server with p2pool you DO NOT LOSE your coins!!!
So stop use MPOS pools and stop crying about losed coins. Noone help You here.

Just go to https://github.com/MPOS/php-mpos/commits/next and look how many BUGs got this software..
Thanks

I am going at 600Kh/s on a p2p and get shit for payments IF THEY COME IN AT ALL.  It is WAY too inconsistent.  One block I am on the payout list, another block I'm not.  WTF!  If you got an idea of how to get consistent payments out of a p2p, please share.

[Alphi]

No worries. The coin is software. ASICs are hardware. A simple algorithm tweak proposed by the VTC developers and agreed upon by the community will shake off an ASIC. Even a change to N-factor schedule would wreak havoc on ASIC makers' business plans. As long as Vertans say ASICs are not welcome here, we'll be able to preserve the 'hobby mining' angle for a good while.
  

this is true for any alt coin and even Bitcoin. changing the hashing function is very easy to do but quite difficulty to get consensus on.

there are a couple of things about N-Factor I don't quite understand..

A) how to calculate memory usage for each GPU and host PC based on N.
B) how N-Factor would combat a smart ASIC designer that simply designed their chips with enough memory 2xN steps ahead of the current N so that they could effectively have an ASIC that lasted up to 4 years.
 (typically as we have seen with Bitcoin ASICS.. ASICs don't even tend to last more than 6 months before they become obsolete)
 in essence wouldn't it simply just push up the cost of the ASIC?.. not actually make the design all that more complex.. particularly if it were designed with HSA standards in mind.

I think what history has already showed us is that nobody even bothers with ASICs until the coin reaches critical mass, but that also means that when a coin like VTC actually does become wildly successful then people will start working on ASIC designs both covertly and overtly.

hmmmm....

[anyone4u]

So, my rig might be hitting a wall with VTC. I have a 4 card rig, been running consistent since I started mining VTC. This morning I look, the card hooked to the monitor can no longer provide any hash power (from 300-350 down to 4). The other 3 are the same as before I went to bed.

Rebooted, tried an alternate set of settings that worked before (albeit lower hash per card), still nothing.

Also tested regular scrypt mining to see if maybe the card was dying, it works fine on regular CGMiner.

Anyone else facing similar issues?

Same problem, except that I can get up to 8-10 possibly khash, but seems to ride at 3-4 unti I get tired of looking at it and close it. I never got any settings to work for this coin yet unless u call success 2-10Khash on a gpu.

[ieatm3s]

Guys please tell me why everyone still mine on MPOS pools - there was so many hacked servers and You still nothing learn.
Just start use p2pool and You get money instant to Your wallet.dat and if someone hack server with p2pool you DO NOT LOSE your coins!!!
So stop use MPOS pools and stop crying about losed coins. Noone help You here.

Just go to https://github.com/MPOS/php-mpos/commits/next and look how many BUGs got this software..
Thanks

p2pool gives me 30% rejection rate at ~70ms latency, which is the closes node to me! If you create a node near me I will gladly keep throwing my VTC at you!

[Basnoff]

I am going at 600Kh/s on a p2p and get shit for payments IF THEY COME IN AT ALL.  It is WAY too inconsistent.  One block I am on the payout list, another block I'm not.  WTF!  If you got an idea of how to get consistent payments out of a p2p, please share.

Luthan,

You should be getting a bit over 3 VTC over 24h. The payouts are inconsistent but do they add up to roughly 3?

I joined a smaller p2pool and the payouts are more consistent but also lower. Not sure why that is though.

[dotnetmin]

my point to the ASICs

even with or without ASIC´s, the coin supply will be the same after we have KGW inside.
There are no more or less coins depending on the Nethash. Daily supply is nearly the same.

The difference is that the ASICs have the multiple power to mine on a very high invesment cost.
The dezentralized idea of the currency to bring these coin to much people will be destroyed by
the ASICs because big whales who have to $power to invest in ASICs will control the majority of coins
and so they can manilulate the market. Small miners have no chance.

I think we are all sad of manipulate markets and cetraliced Moneysupply like the centralbanks around the world do.

This coin will set a new trend to hold on the decentralized idea of cryptos.
BTC is controlled by ASIC, LTC will be and VTC not.

No company will invest to build a VTC ASIC because they know coin can be changed  and their chips become worthless.

So it´s on our side to choose what we want.

Be controlled from big whales / centralbanks or choose freedom.
I choose the second option

[Alphi]

So, my rig might be hitting a wall with VTC. I have a 4 card rig, been running consistent since I started mining VTC. This morning I look, the card hooked to the monitor can no longer provide any hash power (from 300-350 down to 4). The other 3 are the same as before I went to bed.

Rebooted, tried an alternate set of settings that worked before (albeit lower hash per card), still nothing.

Also tested regular scrypt mining to see if maybe the card was dying, it works fine on regular CGMiner.

Anyone else facing similar issues?

Same problem, except that I can get up to 8-10 possibly khash, but seems to ride at 3-4 unti I get tired of looking at it and close it. I never got any settings to work for this coin yet unless u call success 2-10Khash on a gpu.

you need to lower your thread concurrency... and try lowering your intensity... ultra low KH means ur settings arent right thats all.. keep playing and good luck...
I have no idea why all my GPUs get around 130khz each... doesnt matter if they are 5850 or 9790... old pc with 3GB system ram or new one with 16GB of system ram.

I've tried pretty much everything...

[goin2mars]

Has anyone here who is familiar w/ the software behind the mining know where I could find the function that calculates the variable n factor/or how it is calculated? Been digging a little bit on the github but haven't turned up anything yet.

I could find it pretty easily for the scrypt-jane based algos, but can't find it here.

[samson]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

[anyone4u]

So, my rig might be hitting a wall with VTC. I have a 4 card rig, been running consistent since I started mining VTC. This morning I look, the card hooked to the monitor can no longer provide any hash power (from 300-350 down to 4). The other 3 are the same as before I went to bed.

Rebooted, tried an alternate set of settings that worked before (albeit lower hash per card), still nothing.

Also tested regular scrypt mining to see if maybe the card was dying, it works fine on regular CGMiner.

Anyone else facing similar issues?

Same problem, except that I can get up to 8-10 possibly khash, but seems to ride at 3-4 unti I get tired of looking at it and close it. I never got any settings to work for this coin yet unless u call success 2-10Khash on a gpu.

you need to lower your thread concurrency... and try lowering your intensity... ultra low KH means ur settings arent right thats all.. keep playing and good luck...
I have no idea why all my GPUs get around 130khz each... doesnt matter if they are 5850 or 9790... old pc with 3GB system ram or new one with 16GB of system ram.

I've tried pretty much everything...

I have done the same I enter settings others have with 7950hd sapphire and same no matter what settings I enter. I went back to mining klondike because its almost as good as ver and I can do 630 Khash without loosing 2 days trying to figure out how to set it up like this coin, and still got nowhere.

[Fastpow]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

[azurex]

I created an account @ vertco.in earlier today, but I did not recieve the confirmation e-mail.

Does anyone know if this e-mail can be resent? I have already mined a bit and the confirmation is needed for enable payouts.

I have tried to conact the moderators, still no response.

[luthan]

I am going at 600Kh/s on a p2p and get shit for payments IF THEY COME IN AT ALL.  It is WAY too inconsistent.  One block I am on the payout list, another block I'm not.  WTF!  If you got an idea of how to get consistent payments out of a p2p, please share.

Luthan,

You should be getting a bit over 3 VTC over 24h. The payouts are inconsistent but do they add up to roughly 3?

I joined a smaller p2pool and the payouts are more consistent but also lower. Not sure why that is though.

i will report back

hopped on p2p again this morning at 8am Central, got on the list right away which was a surprise, got a payout of .17 coin.  i got paid for the next block as well for about the same .17.  after that i wasn't on the payout list anymore, and haven't been since then (only one more block in that period of time though)

this is the last block that paid me: 71ea8ce5159dffa609b43137bf477368050eceec4ee665e8738ae306bb7ce5e6

[samson]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

[Xperianz]

Join us today

[dotnetmin]

Cryptsy made  the same game than yesterday. Hold all deposits over hours and released them all at once.
Dump comes in.

We all should  stop trading at cryptsy. It´s a shame what they are doing.

There are other good exchanges to trade VTC

[Basnoff]

Getting 502s again on cryptsy. Moving my VTC out of there.

CoinedUp is slow as molasses but I trust them a lot more.
Maybe Poloniex, I'll have a look.

[Fastpow]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks