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

[jballs]

Nethashrate dropped from 5+gh/s few days ago to 3,5gh/s at the moment, more vtc being mined, gox bullshit, so the price is falling..that's simple as that...I sold most of my vtc for 0,013 and I'm slowly think about buyng back, but as long as nethashrate is dropping we won't see any upward movement due too many generated coins going straight to market..

p.s. nethashrate stabilized since yesterday in 3,5gh/s range...if it's stay like that for next couple of days it would be good to start buying vtc again.

I'm a noob about to school a miner on hash rates so forgive the arrogance but you're wrong. If that were at all true no coin value would go up because the difficulty always increases. If BTC hadn't got the tar kicked out of it and panic selling were not in full force the correction would have ended around .075 where it turned hard south on the chart instead of north.

Not that we can know that for sure but that dominated all other factors. Look we have been listed on all the right exchanges (which does not include crypled) in record time and there is still much bafflement outside the initiated as to how and why vtc rocked it out of the gate. The supply of coins here is nil compared to any of the rest when you relativize it to demand potential.

Obviously more coins is selling pressure but easily absorbed if the mood is right in the market. Just had very negative mood since Gox. I will add the BTC chart is terrifying me a little, but it really always has so it's nothing to take into account... aside from I am sure others are seeing the same technical picture as I am and wondering if there is a bubble bursting. Same has been said time and again of btc though so will cross fingers and hope the trend resumes.

You must learn that once coin pick up some momentum, difficulty (thus nethashrate) is highly correlated with price...How do You think, what have driven BTC prise so high? ASICS...sooner scrypt asics will be relases, sooner VTC go sky-high.

I am sure this is true when nothing else is going on. But having stared at charts for two days straight with not much sleeping involved, pretty clear vtc is in lockstep with litecoin which is in lockstep with btc. I can see a case for a flight to quality into VTC but I think we are maybe too early for the market to have figured that angle. So we probably won't get a vert rally of substance until ltc and btc rebound or at least stabilize, no matter what the hash rates are. I could be wrong, it's a new coin and I would rather be long vtc at this price than ltc at 19 if things are going to get rockier, or especially if they are going to get better. Either way it is across the board weakness, it is just exagerrated in vert at the moment as it overshot a little out of the gate.

[1715093048]

1715093048

[flipstyle]

Most people hopped on the maxcoin train including myself, which was extremely profitable. Once that dies down miners will be back Hashrate will go up and so will the price, think of this as an opportunity to buy in low.

I'm convinced.  Bought 200 vtc this morning.  I think this stuff has all the makings to shoot up big again real soon.

[bluffchain]

After a long hack session, I finally cranked out Vertdice! It has the same principle as Satoshidice - you send VTC to an address, and within a few seconds it will either send you a trivial amount of VTC (loss) or a payout (win). The website doesn't look very good ATM, and the amount of VTC you can wager is currently small to avoid going over bankroll, but please check it out and let me know if you have any questions/suggestions/concerns!

http://54.200.179.21

or

http://vertdice [dot] tk

VERTDICE - VERTCOIN's FIRST BLOCKCHAIN DICE GAME

[BorisTheSpider]

Also, can someone recommend a good pool? I will be using cudaminer.

Glad to be here, not sure how I neglected Vert earlier.

Try vtcpool.co.uk. So far a great experience. Boris keeps things running smooth.

Thanks for mentioning me! I haven't been advertising the pool recently, because things haven't been as smooth as I'd like - we got DDoS attacked very badly a few days ago, and we're not finished yet making the upgrades we need to make to let the pool scale next time VTC goes vertical, so I've been keeping a low profile, but that should change as soon as the pool is moved over to the new dedicated servers.

[patriotek]

Is there a way to mine via Nvidia GPU without cuda?  I'm operating from a few installations of Porteus 2.1 Linux, and for whatever multitude of reasons, the cuda-toolkit just will not install correctly, thus cudaminer will not build (either normal or vertcoin variants).

I'd love to see VTC's algo added to the standard bfgminer (unlikely, due to dev's lack of scrypt interest), cgminer, etc, but until then, is there a way to mine with OpenCL?

[jballs]

OKay, BTC putting in a solid floor at 700 and nice reversal pattern with a strong buywall on crypled. VTC is diverging now from the ltc price action... I think maybe people ARE selling litecoin and moving to vert. Starting to anyway. Best setup for a rally thus far on the technicals in VTC, long as btc holds this floor I think the lows are in.



Shelter from the storm...?

[BorisTheSpider]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

[pangu]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

+
http://www.reddit.com/r/vertcoin/comments/1xcnne/i_am_the_developer_of_vertcoin_here_to_explain_to/

[dedicatedpoolcom]

Come join a pool that is doing awesome with mining VTC.

This is a HARD coin to mine.  But if you want help/instrucitons, please join our IRC chat ##dedicatedpool.  Big payouts for those who take the time to tweak their configs.


http://dedicatedpool.com/images/logo.png

VTC.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

• Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
• Full 24/7 support available at admin@dedicatedpool.com
• Mine uninterrupted - dedicated servers w/redundancy, DDoS protection.
• Trustworthy admins who care about your experience and mining.

Server Infrastructure

• SIX(6) SERVERS IN CLUSTER
• DDoS protection at switch level
• 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
• Ramdisks, memcaches, to make things go extremely quick

[dotnetmin]

Guys, only to throw in something.

Daily supply of the coin is the same, even if there is a Nethashrate of 1GH or 10GH. KWG tries to regulate and hold blocktargettime on the same level (+- 10-20%)
The more miners are into the coin the higher diff goes and the lower is the share you are able to mine of the dayly supply.
So you get lower share.

My experiance is, if nethash is very high on a coin,  the more big whales are mining only to exchange their share to BTC or LTC -> more dumping
( like multipools do ) The lower diff is, the more loyal miners are into who mine to hold it or only sell to cover powercost.

If for the moment hash slowers down, no problem in my brain.

I am not able to mine VTC, so i do not know if at the momentary price and diff VTC is profitable to mine ?

Is there a profitability calculator already for VTC ?

VTC is not listed on coinwarz, maybe it won´t because it can not be calculatet as other scrypt coins.
Would be the best if they not list it.

Sorry for my english i hope you can follow and comment this
  

[Vertcoin]

Guys, only to throw in something.

Daily supply of the coin is the same, even if there is a Nethashrate of 1GH or 10GH. KWG tries to regulate and hold blocktargettime on the same level (+- 10-20%)
The more miners are into the coin the higher diff goes and the lower is the share you are able to mine of the dayly supply.
So you get lower share.

My experiance is, if nethash is very high on a coin,  the more big whales are mining only to exchange their share to BTC or LTC -> more dumping
( like multipools do ) The lower diff is, the more loyal miners are into who mine to hold it or only sell to cover powercost.

If for the moment hash slowers down, no problem in my brain.

I am not able to mine VTC, so i do not know if at the momentary price and diff VTC is profitable to mine ?

Is there a profitability calculator already for VTC ?

VTC is not listed on coinwarz, maybe it won´t because it can not be calculatet as other scrypt coins.
Would be the best if they not list it.

Sorry for my english i hope you can follow and comment this
  

Vertcoin Mining Calculator
http://www.verters.com/vertcoin-mining-calculator

[caloriemate]

Is there a profitability calculator already for VTC ?

http://www.verters.com/vertcoin-mining-calculator

[Basnoff]

In the AMA the term Zerocash is mentioned a few times.

A quick google search returned mostly usernames, does anyone have a link to read up on that?

[mattbigblue]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

Being focused on diferent project then VTC I guess it's a bad thing, isn't it?

[Basnoff]

In the AMA the term Zerocash is mentioned a few times.

A quick google search returned mostly usernames, does anyone have a link to read up on that?

Ah, should that have been Zerocoin? That does yield interesting results...

[AlexZR]

To anyone who wants to quickly hack BAMT to use vertminer do this as root:

Code:

git clone https://github.com/Bufius/vertminer-gpu.git /tmp/vertminer
cd /tmp/vertminer
./buildit.sh
cp -R /tmp/vertminer /opt/miners/vertminer
cp /opt/miners/cgminer/ADL_SDK/* /opt/miners/vertminer/ADL_SDK/

Then create your vertminer.conf file in /etc/bamt/

Now edit /opt/bamt/gpumon...

Modify the IF loop around line 374-ish like so:

Code:

if (${$conf}{'gpu'.$key}{'cgminer'})
{
        ## MODIFIED FOR VERTMINER! 
        # system("screen -r cgminer");
         system("screen -r vertminer");
}

Then edit /opt/bamt/common.pl...

Modify the ELSIF loop around line 960 like so:

Code:

elsif ($pid == 0)
{
        $ENV{DISPLAY} = ":0";
        $ENV{LD_LIBRARY_PATH} = "/opt/AMD-APP-SDK-v2.4-lnx32/lib/x86/:";
        $ENV{GPU_USE_SYNC_OBJECTS} = "1";

        ## MODIFIED FOR VERTMINER! 
        # my $cmd = "cd /opt/miners/cgminer;/usr/bin/screen -d -m -S cgminer /opt/miners/cgminer/cgminer $args"; 
        my $cmd = "cd /opt/miners/vertminer;/usr/bin/screen -d -m -S vertminer /opt/miners/vertminer/vertminer $args";

Restart your miners and you should be using vertminer.

I'm now in the middle of creating my own ubuntu 13.10 live distro which includes BAMT and is dedicated for vertcoin - will start a thread when I get a chance.

If this was helpful to anyone hit me up with some LTC or VTC - I'm poor  
V: Vo49uyrJdQaYzpygauqw5WBgPTMyfN6sGP
L: Lewz5683RUKfSidU7rofN6bheiqYafNU7S

xx

MB

when working with vertcoin and replacement cgminer on vertminer not value changes "gpu-engine" and "gpu-memclock"
for any values ​​are 1000 and 1400 respectively!
how to change these values​​? through file cgminer.conf or vertminer.conf does not work!

[jballs]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

Personal view aside, which is that you guys have done positively awesome in efery aspect, I have read many a launch thread. Latest being the last couple pages of the max debacle. By any comparison you have managed this impeccably and head and shoulders above the rest. A thing i learned once upon a time as a broker is some people love you when they are making money and hate you when they are losing money. Either way its got nothing to do with you its about then abd their money issues.

Vtc needed a cool down, would have preferred if btc had behaved but such is life. People think there is anything that never goes down have apparently never seen a market ever.

[BorisTheSpider]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

Being focused on diferent project then VTC I guess it's a bad thing, isn't it?

Maybe you misunderstood - these priorities are to get these things developed in Vertcoin, not as separate projects!!!

[goin2mars]

I'm not selling because if I dump, price will go a lot lower...  What will happen in a week? The devs are silent, no communication, no plans, nothing. I think that is the reason why people are loosing faith.

Sigh. The dev group in this coin are probably the most active anywhere. Even I need to sleep occasionally. Sorry if the communication hasn't been quite as good as before, I'll try to post a few more updates.

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

Being focused on diferent project then VTC I guess it's a bad thing, isn't it?

Maybe you misunderstood - these priorities are to get these things developed in Vertcoin, not as separate projects!!!

I'm seeing where the confusion is here. Not everybody knows what Zerocoin is. So could you please talk a little about this development would do for Vertcoin, without mentioning Zerocoin in the description?

[ieatm3s]

At the moment, the top dev priorities are:

1. Zerocoin

2. Android wallet

This is what I found about Zerocoin & Zerocash: https://www.youtube.com/watch?v=FXU65XsLiFk
As far as I have read on reddit, Zerocash is a more viable option for VTC.