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

[BorisTheSpider]

[mfedorov]

hehe, teasing us

[Spoetnik]

I recommended to othe a little bit back that VertCoin be merge mined with PrimeCoin now, as I see PrimeCoin, now with open source GPU mining, as being the main competitor.

I'm not sure what will happen with VertCoin in the long run, but the network hash rate has been falling and I suspect this is the reason.

No.

The network hashrate has has dropped because there was a surge in multipool profitability this past weekend. It's more profitable to mine multipool right now and buy coins with BTC than it is to mine VTC directly due to the high difficulty.

yup i did..

[silencesilence]

We can not wait - when is the date
 

[GTX77]

I've just seen this article on BBC News website.
http://www.bbc.co.uk/news/technology-27143341

If you scroll down, there is an article to the right about alt coin mining, and it is about VertCoin.
Would have been nice to have the coin logo there too.

[louiseth1]

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[dotnetmin]

boris, give us a bit more details please - 

[styxical]

So I'm curious... what is the point of Monocle? What is it accomplishing? Proof of concept or what?

It seems to me like the same work yielding extra coins on top of VTC will make the price of vertcoin go down? Someone correct me?

[GeminiSimba]

Styxical, learn about side chain technology. Listen to this podcast and understand a bit more about what merge mining does- http://letstalkbitcoin.com/e99-sidechain-innovation/#.U1FT_VdK_pA

As to vertcoin specifically, think about all the features or improvements (potentially) that the devs may want to experiment on for the coin but if they make hasty changes to vertcoin who knows the consequences right? However with side chain technology you basically are using a coin (that runs on the same block chain as the main coin, in this case vertcoin) to run experiments on the side coin to see what COULD happen if that experiment was implemented into the main coin.

It's a way to test new theories and possibilities without compromising your main coin. At the same time having more coins run on Vertcoins blockchain will strengthen overall security of it's blockchain because people are now mining multiple coins on 1 blockchain.



PS- it may do positive for the price of vertcoin, it may do negative, it may do positive for the price of monocle (since there are only 8 mill) but it doesn't matter because the price isn't the reason for side chain technology.

[BorisTheSpider]

boris, give us a bit more details please -  

More details you say?




J/K - more details coming very soon.

[mfedorov]

boris, give us a bit more details please -  

More details you say?




J/K - more details coming very soon.

hahaha, yes, give us heads up so we could buy as much VTC as possible before release of monocle

[MichBjukenon]

I've just seen this article on BBC News website.
http://www.bbc.co.uk/news/technology-27143341

If you scroll down, there is an article to the right about alt coin mining, and it is about VertCoin.
Would have been nice to have the coin logo there too.

This is the bit about VTC,its great stuff



Alt coin mining


Technical considerations drove the choice of crypto-cash enthusiast Sean Houlihane who is now a dedicated miner of Vertcoins.

Vertcoin's developers have modified its mining algorithm which generates the coins. Despite its name, mining actually involves getting a computer to search for the answer to a hard mathematical problem. The miner who finds the answer typically gets rewarded with newly minted coins.

Mr Houlihane liked Vertcoin because, he said, it is designed to be hard to mine with dedicated processors. The rise of these purpose-made processors have made it all but impossible for the vast majority of people to mine Bitcoins. The mining is dominated by groups that have tied together hundreds of dedicated processors with which the average home miner cannot hope to compete.

By contrast, he said, Vertcoin cuts out the professionals in favour of the amateurs.

"The combination of needing different software and being new means that not too many people are mining Vertcoin today," said Mr Houlihane. "Obviously if the popularity increases significantly, the price goes up and what I've mined so far becomes worth more."

[spikers]

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[Macno]

Has this already been adressed? Hidden VTC instamine?

https://bitcointalk.org/index.php?topic=576107.msg6397907#msg6397907

[othe]

Yeah nice theory...Nothing to address from that bullshit if you ask me.

Oh wow someone mines it after launch...on every coinlaunch people rent tons of rigs and other mining resources to mine every coin...
Some "team insider" is funny indeed, because we all got to join vtc way after it was launched anyway....

Oh and surprise the guy who writes is was only active in execoin thread before - our #1 copy.

[tprogex]

Yeah nice theory...Nothing to address from that bullshit if you ask me.

Oh wow someone mines it after launch...on every coinlaunch people rent tons of rigs and other mining resources to mine every coin...
Some "team insider" is funny indeed, because we all got to join vtc way after it was launched anyway....

Oh and surprise the guy who writes is was only active in execoin thread before - our #1 copy.

its very clear what first adopters and sure most of whem will be persons who is in roots of coin in every coin has advantage to start mine with low diff also they can buy with low price when it starts so its ok. and that amout of vtc will not affect market at all. And they mine after launch not before if someone likes this they can join and mine also .

[rapsac]

Has this already been adressed? Hidden VTC instamine?

https://bitcointalk.org/index.php?topic=576107.msg6397907#msg6397907

There were hardly any miners mining this coin, especially when it was cpu only. I stumbled on vertcoin 2 days after the gpu miner was released and have been mining it from then on. The diff was at ~2..4 when i got in.
Sure, the diff must have been low at the start, and there were only a handfull of miners, and the diff retarget was slow, giving those miners a FAIR advantage. Anyone could have stepped in at that time. If you were not smart enough to get in then (like i didn't) and did not have the vision to do so then you call the early miners insta-miners? What about the early bitcoin and litecoin miners? Insta-miners too?
And why hidden? All coins were mined after the release no? Hidden insta-mine = mine before release, obviously that hasn't happened to vertcoin.
This is just someone pissed at not getting in early by ignoring the coin at the release.

[Kartoffelknilch]

errr... insta mining?

well... twc = 0.5% premined

86,400,000 * 0.005 = 432,000 coins premined.

vs

111,550.81 coins (normal) mined on CPUs by early adopters who spended money on renting rigs/CPU power after official release.

conclusion: nearly 4 times more twc than vtc.

And YES i wish i had the money to rent CPUs on a cloudservice... but i have not... so i mine "the good old way"...

[tprogex]

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[silencesilence]

https://www.mintpal.com/voting.
Great work here.
Keep voting here its very important .
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after You can vote 5 times per hour.

Done