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

[depboy]

If that hashrate hits VTC, an average miner would mine about 0.5 VTC/ day which I am sure he would not give up for only 0.001 BTC. Combine that among lots of people and the price will find an equilibrium somewhere a lot higher than now.

Yes the other thing that people miss in their (in my view) excessive focus on prices rather than value, is that a massive network hashrate is what actually protects the money invested in a blockchain in security terms, and that you can only protect as much money as you have hashrate - that is to say, you must make it unprofitable to attempt to attack a blockchain. BTC can protect several $B because it has the hashrate to do so (albeit it is not as decentralised as it should be).

Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin.  I notice that at the time of writing we're back up to 15% of the network. 

[1715455882]

1715455882

[BorisTheSpider]

Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin.  I notice that at the time of writing we're back up to 15% of the network. 

Yeah, this. p2pool adoption has been awesome so far - let's keep it going.

My own node is at http://p2pool.vtcpool.co.uk:9171 and there's a FAQ at https://vtcpool.co.uk/p2pool-guide.html

[depboy]

Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin.  I notice that at the time of writing we're back up to 15% of the network. 

Yeah, this. p2pool adoption has been awesome so far - let's keep it going.

My own node is at http://p2pool.vtcpool.co.uk:9171 and there's a FAQ at https://vtcpool.co.uk/p2pool-guide.html

How come your node doesn't show up on the p2pool finder list on vertcoin.org?

[nonny12]

if all miner get in this coin , i see no reason why price would increase , there will be more dump from more miner and the price will keep getting down until small miner quit and remain only bigger one with minimal profit margin .
price increase if there is a demand for the coin , not due to the  number of miner , most miner are just dumper and if they will hold somethings it will be either btc or ltc

Your comment has no relevance to the quoted text.

[nonny12]

If an ASIC was created for the current N factor of 11, then it would be obsolete when the N factor raises to 12. Creating and fabing a custom ASIC chip has a startup cost of at least $500,000 and maybe closer to $1 million. Companies would have to repeat this process every 1.5 years when the N factor increases.

Memory is not the only thing keeping the current scrypt ASICs from working on N factor 11. Discrete logic is also missing in those scrypt ASICs that make them unable to calculate VTC N scrypt algo.

So, if I get it correctly, the best combo to mine Vert is FPGAs with plenty of ram?

An FPGA could be reconfigured on the fly to accommodate the N factor increase, assuming that there are enough logic gates (space) to synthesize the new code. I don't think the hashrate it accomplishes would be faster than a GPU, though.

[tolguen]

Yoohoohoo,

find today's web & communications report here: http://de.scribd.com/doc/212752280/Report-Vertcoin-20140316

Thanks for reading and tipping me:
VTC: VotAKLDKZDtFGcT5UAY1A3YjNNC8BLCfaz
BTC: 1EpUm3MoLgF7bFHqAXxJnCR4bQ174DQx86

[agx.io]

VERT/BTC went live on agx.io on 03/15/2014!

Be sure to check out agx.io to learn about our just-announced AMD Radeon R9 280x Giveaway that runs through 11:59p Sunday March 23rd 2014! Trade on AGX to earn entries in the giveaway! You can also link directly to the infographic on the promo here: http://24.media.tumblr.com/d22fc786c1528580d601aabc03fef3e2/tumblr_n2jsh3w23G1trlaa8o1_1280.png

- The Austin Global Team

Find us at:
agx.io
bitcointalk.org/index.php?topic=507474
bitcointalk handles: "agx.io," "AustinGlobal"
twitter.com/AustinGlobalX
austinglobal.tumblr.com

[bengtåke]

Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin.  I notice that at the time of writing we're back up to 15% of the network. 

Yeah, this. p2pool adoption has been awesome so far - let's keep it going.

My own node is at http://p2pool.vtcpool.co.uk:9171 and there's a FAQ at https://vtcpool.co.uk/p2pool-guide.html

How come your node doesn't show up on the p2pool finder list on vertcoin.org?

He seems to be filtering or not listening on port 9346

[othe]

Preview of the Android Wallet.
Thanks to Jon, g4estudios and everyone else who dedicated theire time for it!


On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.

[othe]

Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.

Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...

Am I missing something?

I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?)

1. Please don't forget to consider the price with plenty of RAM
2. Please don't forget to consider that you are talking about ASIC which is fixed circuit

Right now DDR3 is priced at ~10$/gb, which means that a 256gb RAM implementation would cost a mere 2.5k - and these are retail prices, probably its half or less for wholesale / manufacturer-to-manufacturer deals etc. If such an ASIC comes online and the coin adapts to higher factor, there would be a lack of GPUs able to cope with high memory demands because GPUs don't have that type of RAM.

DDR3 is absolutely useless, the new GPUs will have GDDR6 - also Nvidia has GPUs on the Roadmap with stackable RAM - perfect for us

Please also dont forget, its Software - we can fix it if something happens and we will fix it.

[pjr77]

Preview of the Android Wallet.
Thanks to Jon, g4estudios and everyone else who dedicated theire time for it!


On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.

Great news ! Keep it up 

[othe]

Oh prelude.io already works, they will also have an anti manipulation protection - so feel free to move there for trading ;-)

[Kenshin]

Great I can't wait to have a Vertcoin wallet on my phone. 

[mega]

On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.

http://wikibrains.com/map/53225d84e4b02ea42a1c8ab7

A major coin!

[luicon]

[FNG]

Preview of the Android Wallet.
Thanks to Jon, g4estudios and everyone else who dedicated theire time for it!


On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.

Nice work  guys

[KRStwo]

0,77 usd???! and is this not a bottom?

[JustLurkin]

0,77 usd???! and is this not a bottom?

relax.. this coin will be fine. Just buy & hold.

[Eastwind]

What does "Vert" in Vertcoin mean?

[pjr77]

What does "Vert" in Vertcoin mean?

Green