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

[cubevtc]

3rd p2pool network for the low-hash miners is up!

All thanks to Lovok for his hard work and dedication.   3d network is using worker port 9174.  Check out See http://lovok.no-ip.com:9174.  I have added mine http://vtc.cubeconnex.com:9174  to the 3rd network. You can change your p2pool node to the 3rd network via https://github.com/Lovok/p2pool-n.

Cheers!

[GeminiSimba]

Vertcoins first official Press Release B****es!!!

http://finance.yahoo.com/news/vertcoin-play-long-game-bitcoin-080522055.html

[styxical]

"... Vertcoins uses an algorithm that changes ..."

*cringe*

[TheCoinFinder]

Welcome to Day 1 of the Verters' Pool Challenge.

At midnight tonight (UK time), I will be setting the Fees to 0% on https://pool.verters.com - and setting a challenge.

If the challenge is met, then the next day will also be 0% fees. This will continue until a challenge is not met, or we start growing too big.

The challenge each day will be a rough average hashrate to achieve for the pool. All miners (big and small) will receive 0% Fees during this period.
Let's see how far we can take this.

Day 1: 0% Fees Begin at 09-04-14. Target Hash-rate: 300mh/s

Note: if the value is fluctuating around the target mark, this will count as being valid for the next day (so if its at 295mh/s or so).
So, if you want to take part in a Vertcoin First - Sign up now.

Fee Free Mining Begins at Midnight BST (GMT+1)

[Kartoffelknilch]

With all the hype going on with asic-scrypt miners and brand new 3th/s bitcoin miners i decided to go vertcoin.

Why?

Well... have a look on *bay and all the other sellingplatforms.

After that, read some threads about the big companies, not just one thread, visit some different forums (fori?)

But the real eye-opener was KNC!
They offer a "plan B" which means: if your hardware will be late (they cant deliver on Q2), you will get payed with bitcoin out of their datacenter...
Which they will mine "for you" with neptunes at atleast 3th/s and "all the bitcoins will be transfered to your wallet!".

So to make it really clear: they are mining AGAINST their costumers.
Killing the ROI with an increased difficult of sha (scrypt too?) using payed (from their costumers!) hardware!

I am not one of the XXX-mh/s private man, im living in germany and powercosts are too high to setup a big farm.

But i am still mining (1.5mh/s lol) because i think we need a better way than "fiat"-money.
After all: with the small profit i´m making im giving my son a bit pocket money in his study to go out and have some fun...

I am just a joe average, having a joe average job, doing joe average things...
But i believe in the power of people and not in the power of "banksters"!
just my 2 cents of wisdom...

Hi Kartoffelknilch,

how do you work out to mine on a small profibility in germany ? I have 1.3Mh eating 1300 Watt / hour.
It´s 31,3 kwh / 24 h @ 0.25€ = 7,82€ / day power cost incl. tax.
If all is fine you get 5.8 VTC / day @ 0.002 BTC = 0.0116 BTC = 5.22 US$ = 3.81 €
Alltogehter you have 3.81€ - 7.82 € = -4.01 € / day

Each day mining VTC for me would be a lost of 4.01€ / day = - 120€ Month.

Maybe you have some better conditions, but you can´t cover 100% loss against me only to cover power bill.
Don´t speak from your invest. If you have a 1.5 Mh rig you have minimum a invest of 1300-1500€.

Mining VTC in Germany is a 100% loss. I don´t know how it is in other country´s but it´s hard to get any profit anywhere
if you have to pay for your power.

@ all - on which rate are you mining and do you mine on a dayly loss ?

I can´t see any coin mining without a loss with GPU power.

I know what you mean... germany sucks with all the EEG add-ons on our powerbill + extra costs to get rid of all the nuclear-powerplants/waste...
At home im building the systems and sending them to my son. He lives in a dormitory (students resident) where he has no powercosts at all.
We bought our (bigger) systems october last year and had some luck with exploding prices of btc/ltc/ftc. We had a RoI this year on february.

My tip: mining at home => financial suicide!
Find a place on your work, some forgotten compartment... speak with your boss if you may install a "research project"/rendering machine.
Powercosts for business are realy cheap in germany.
Or get a child and let´em study

On the other side: what happends to your bill if vertcoin goes "viral" and is hitting a btc exchange like ltc?

I am pretty sure ltc will drop hard with all the asics because "joe average" cant effort even one asic to have a chance with all the whales/companies start mining on 9999,-$ machines with 200mh/s. There will be a flood of cheap ltc/ftc/doge/whatever-scrypt-coin.
So Mr. Average will change to vtc/scrypt-n to make some bucks.
And if the devs of vtc are holding their promise to do all what is nessesary to block asics, we will have some nice profits summer/fall 2014.
And even more if we are holding our vtc even longer i think.
And best of all: all thouse darn f-ing asics will rot in some cellars, 10k bucks crumble to rust

Btw: is there anything else you can do with all the cheap bitcoin-miners hitting ebay? Something like SETI@home or likewise?
Anybody interested in writing a SETI@home program for "old" and "slow" bitcoin miners?
So thouse old miners will have a last charity and fighting cancer/finding ET...
That idea sounds nice to me

[othe]

Well as a german myself, i can tell u its a harsh time atm, but it was the same with btc mining and looking back i wished i would have continued - but i sold my gpu rigs back then, and the same with ltc...

Its a gamble and it might pay off sooner or later ;-) but the whole life is a gamble anyway.

Its enough tho if btc price goes back up and the vtc/btc rate goes also a bit up again to cover all electricity payments...

[mmouse]

Its a gamble and it might pay off sooner or later ;-) but the whole life is a gamble anyway.

This is certainly true.
But it doesn't change a thing on the fact that mining isn't profitable atm with powercosts of 0.20-0.25 Eur.

If you think VTC value will rise in the future, just take your money to cryptsy and buy some VTC there. It's cheaper than to mine them.

[TheCoinFinder]

Challenge has Begun

https://bitcointalk.org/index.php?topic=562435.new#new

[Lovok]

2nd p2pool (http://p2pscanner.no-ip.org/) is going very well and now it's continuously under 2 hours to block which is ideal value due to parameters p2pool uses (12 block/24 hours share validity) to achieve steady payouts. Additional increase of hashrate mainly increases share difificulty for miners. So it's now time for 3rd network? Only time can tell so try it.

Scanner available here: http://lovok.no-ip.com
Main test node is now running here: http://lovok.no-ip.com:9174
Node source with option for 3rd network: https://github.com/Lovok/p2pool-n (run with --net vertcoin3)

3rd network helps mainly to miners with low hashrate (up to 500khs) but I think that anybody with hashrate up to 1,5Mhs can profit from 3rd network. Also, at current stage, any miner is welcome to help reach some reasonable hashrate.

Settings for mining on 1st, 2nd and 3rd networks are the same, only worker port is another (but check node dashboard as port is not 100% assurance of network it uses as port can be changed easily). Generally:
9171 - 1st network (for example http://lovok.no-ip.com:9171)
9172 - 2nd network (for example http://lovok.no-ip.com:9172)
9174 - 3rd network (for example http://lovok.no-ip.com:9174) - WARNING: 9173 is used for Execoin p2pool network, 9174 is for 3rd VTC p2pool

[inductiveconcepts]

Introducing the Inductive Concepts Vertcoin Pool

http://vertpool.inductiveconcepts.com/


Active Support
Stratum
0% Fee
PPLNS
Var diff
Automatic payments with low payment threshold
Just getting going so we need some miners

BONUSES:
For 10 blocks, every blockfinder gets EXTRA 1 VTC out of the pool operator's pocket !!!

We have found our first block!
Happy mining everyone!

[Spoetnik]

you know it would nice if most of all comments on every coin topic were about the coin..
rather than an endless supply off pools that pop up non stop forever begging people to join in + gimmicks.
it makes looking at these topic a waste of time..

there was a security issue and i came to see feedback about that and maybe a wallet update
and i see nothing at all except people using this as a lengthy discussion forum for mining and how they are not making enough money
because their local power bill is too expensive and pool operators advertising and posting promotions.

i'm not looking back to read page after page after page after page after page of the same crap.. i'm just going to leave and say screw it. (like others do i bet)

i wish people would use their brain and try not being so selfish..

and i seen what i think is an update on the first post so i think i got what i need ?
and i won't be back to sift through more of the crap i just mentioned to see if anyone responded to what i said.. it's pointless.

i can't stand this forum section it's a stupid mess over run by selfish little kids that spam their posts counts through the stratosphere..

start your own topics people, don't flood the coin topics with your random misc garbage please.

edit:
VTC Coin dev.. you forgot to update the windows .exe resources so the version number matches the old version right now

edit2:
Also i launched the updated windows Qt .exe and i was shown a warning message box about my date and time. (never seen any other wallet do that to me before)
not sure if you guys all seen that but it seems to work still and yeah my time and date are fine so i have no idea why it said that..

edit3:
I am back again.. lol
ok i have no clue why but i think my time is one hour too fast on my windows install according to some places online.. weird

[bengtåke]

there was a security issue and i came to see feedback about that and maybe a wallet update

Yeah, the mac, windows and linux wallets have been updated. For future reference the first place to get newly built Windows and MacOS X releases is the github page https://github.com/vertcoin/vertcoin/releases

[GeminiSimba]

I came here to see important updates and feedback and wallet stuff!!

You sir are at the wrong place. Click the link below and be amazed
http://vertcoinforum.com/index.php?PHPSESSID=0774da79305e63ac9310a734381c37c2&board=6.0

[Equate]

edit2:
Also i launched the updated windows Qt .exe and i was shown a warning message box about my date and time. (never seen any other wallet do that to me before)
not sure if you guys all seen that but it seems to work still and yeah my time and date are fine so i have no idea why it said that..

wallet is working fine for me.Which version wallet you are using.

[nonny12]

Should we also change our wallet encryption passwords because of the Heartbleed bug?

"... Vertcoins uses an algorithm that changes ..."

*cringe*

The algorithm stays the same, but the memory requirement increases. It's a small variant on scrypt mining.

[voephilis]

Its a gamble and it might pay off sooner or later ;-) but the whole life is a gamble anyway.

This is certainly true.
But it doesn't change a thing on the fact that mining isn't profitable atm with powercosts of 0.20-0.25 Eur.

If you think VTC value will rise in the future, just take your money to cryptsy and buy some VTC there. It's cheaper than to mine them.

bought a lot @ 0.89$ yesterday. now it`s more than 1$. buy as long as its low!

[Equate]

Vertcoin are still cheap , i bought few yesterday and i am also mining . I believe in VTC and hold it for future.

[PROFIT]

Excellent growth rates coins!




I mined as a miner on two HD7990 and now hold a coin. Payback and profit is!


Invite miners most of profitable and reliable pool with 0% commission - http://vtc.coinsprofit.com/


.

[mining-man]

Getting pumped nicely atm.

[MichBjukenon]

IT HAS BEGUN !!! ))

ps. damn vertcoin made me sell all my btc again