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

[jytou]

Just wondering why the memory increase is based on a schedule rather than an adjustment just like the difficulty is for any other coin. What if the near future suddenly provides us ASICs with lots of memory? I must admit I prefer more complex algos (or combinations of algos) that force the usage of GPU/CPU because an ASIC for them would actually be a CPU...
Sorry if this question has been already answered in the previous pages, didn't read them all...

[dmcx]

We have to hold this coin. It´s innovative so It become the new Litecoin in the future. I am mining and holding.

Thats right.. this coin is just perfect.. no premine, no instamine, no scrypt clone... bright future )

do you guys see chart on coined up updated?
I still see same pattern as during lunch time.. orders being paired but not displayed on chart.. I dont see any spikes over 0.0005 price etc. although there were trades for even more..

My charts are also stuck. i'm using ff, didn't try anything else.

[blacklig]

Just wondering why the memory increase is based on a schedule rather than an adjustment just like the difficulty is for any other coin. What if the near future suddenly provides us ASICs with lots of memory? I must admit I prefer more complex algos (or combinations of algos) that force the usage of GPU/CPU because an ASIC for them would actually be a CPU...
Sorry if this question has been already answered in the previous pages, didn't read them all...

its not about lots of memory in ASICs, but about n factor changing and you can build efficiently ASIC only with predefined N factor.. once it changes, it is useless..
dev is talking about it in article..

[nasone32]

Interesting, I don't know the details of the algorithm. But we can modify the codes to test if the
list at http://explorer.yacointalk.com/graphs.htm#tech make sense of Vertcoin.

One poor thing is the memory of Video cards can not grow for this coin, the size of the memory of video cards always determined by the requirement of games.  But the memory of asic can adapt to this coin. But it's the future situation we don't know.

as the other user pointed out, we will simply reduce the number of threads on GPU to accomodate for the new N-factor
for ASICs i'm sure it's a big problem, memory actually takes the biggest number of transistors in the die of those scrypt chips, and that's the reason why they are so cheap and efficent apart from the specific optimization. they work in-cache and are specifically designed.

[blacklig]

lol, that coined up.. that really is a thing
I bought some VTC so I was trying to withdraw it..
it took me like 15 minutes and I had to put put numerous of orders for withdraw to get it out


   23/01/14 22:39:45   339.999   VTC   VhJ8fwYjgL5fRLqYXuLPdi7eEr9eRgsmfY   pending      
No   23/01/14 22:37:00   339.999   VTC   VhJ8fwYjgL5fRLqYXuLPdi7eEr9eRgsmfY   completed      
No   23/01/14 22:34:15   399.999   VTC   VhJ8fwYjgL5fRLqYXuLPdi7eEr9eRgsmfY   rejected      
No   23/01/14 22:24:39   399.999   VTC   VhJ8fwYjgL5fRLqYXuLPdi7eEr9eRgsmfY   rejected   

[shirenlihei]

Interesting, I don't know the details of the algorithm. But we can modify the codes to test if the
list at http://explorer.yacointalk.com/graphs.htm#tech make sense of Vertcoin.

One poor thing is the memory of Video cards can not grow for this coin, the size of the memory of video cards always determined by the requirement of games.  But the memory of asic can adapt to this coin. But it's the future situation we don't know.

as the other user pointed out, we will simply reduce the number of threads on GPU to accomodate for the new N-factor
for ASICs i'm sure it's a big problem, memory actually takes the biggest number of transistors in the die of those scrypt chips, and that's the reason why they are so cheap and efficent apart from the specific optimization. they work in-cache and are specifically designed.

But why N=8192 for yacoin, the hashrate of 6990 is 0kh/s? Because the hashing algorithm is Scrypt (SHA-3/Keccak512 hash function + ChaCha20/8 mix function)? Thank you.

[blacklig]

Whoever have not voted  yet, please vote now:


https://cryptsy.freshdesk.com/support/discussions/topics/64057/

 

[shirenlihei]

 ???Another thing I don't quit understand is if difficult can fluctuate why N can not fluctuate, but only keep grow? Is it had to build a model to test it?

[BorisTheSpider]

Everyone keep asking at https://bitcointalk.org/index.php?topic=291647.0 if you want to trade VTC at Coinex.pw

[organizer]

I really hope people with high hashrate willing to drop their hashrate till the diff adjusted .... so it won't go too high for small miners like me

I don't have a massive hashrate, but unless the price jumps from where it's at now, i would probably stop mining for a while... it won't be as profitable as other coins for me if the diff ends up at 10-12 and the price stays where it is now on CoinedUP. But i would jump back in at a diff lowering or price jump to make it at least comparable to other coins.

I made same mistake when diff jumped from 2 to 5
now I regret it.. I would have had more coins minted on diff 5..

Well, I don't agree with this. You have to look at profitablity.

Hypothetically, let's say doing a multipool thing I can net .1 BTC a day on average. This would be mining the DOGE's of the world. Ok.

So, if there's a coin I think has promise, i'll throw a % of my mining on it for speculation.

With VTC, it has been the best of both worlds so far. The profitability has exceeded what I could have made mining elsewhere. So I mine some, sell a portion, rinse and repeat as long as it holds where it is. It's been far more profitable to mine this coin for the most part than any other coin (with the exception of power-mining MOON when the diff dropped way down the past few days).

If, when the diff changes and the price stays where it's at now (i'm not saying it will), it will dramatically reduce the profitability for mining. When it switched from 2ish to 5ish, my coins a day dropped by about 60ish%. I imagine it will do the same on the upcoming diff change.

Let's say the price sticks where it is now. If my coin count drops another 60% it would drop the profitability from something like 80% more profitable to 30-40% less profitable than mining any other coin. (these are all off the top of my head calculations!)

So it would be foolish for me to stick with mining this if the price hovers here, it would be more effective to move on to other coins and if i really believe in the future of VTC, use the money I make mining other coins to buy the same amount I would mine in a single day and still have like 30% profit.

Just saying if you aren't paying attention to profitabilty it might be a mistake.

[spiffcow]

???Another thing I don't quit understand is if difficult can fluctuate why N can not fluctuate, but only keep grow? Is it had to build a model to test it?

Because then your miner would have to know what N is.  Not impossible, but certainly a pain in the ass to change the mining algorithm all the time.

[blacklig]

I really hope people with high hashrate willing to drop their hashrate till the diff adjusted .... so it won't go too high for small miners like me

I don't have a massive hashrate, but unless the price jumps from where it's at now, i would probably stop mining for a while... it won't be as profitable as other coins for me if the diff ends up at 10-12 and the price stays where it is now on CoinedUP. But i would jump back in at a diff lowering or price jump to make it at least comparable to other coins.

I made same mistake when diff jumped from 2 to 5
now I regret it.. I would have had more coins minted on diff 5..

Well, I don't agree with this. You have to look at profitablity.

Hypothetically, let's say doing a multipool thing I can net .1 BTC a day on average. This would be mining the DOGE's of the world. Ok.

So, if there's a coin I think has promise, i'll throw a % of my mining on it for speculation.

With VTC, it has been the best of both worlds so far. The profitability has exceeded what I could have made mining elsewhere. So I mine some, sell a portion, rinse and repeat as long as it holds where it is. It's been far more profitable to mine this coin for the most part than any other coin (with the exception of power-mining MOON when the diff dropped way down the past few days).

If, when the diff changes and the price stays where it's at now (i'm not saying it will), it will dramatically reduce the profitability for mining. When it switched from 2ish to 5ish, my coins a day dropped by about 60ish%. I imagine it will do the same on the upcoming diff change.

Let's say the price sticks where it is now. If my coin count drops another 60% it would drop the profitability from something like 80% more profitable to 30-40% less profitable than mining any other coin. (these are all off the top of my head calculations!)

So it would be foolish for me to stick with mining this if the price hovers here, it would be more effective to move on to other coins and if i really believe in the future of VTC, use the money I make mining other coins to buy the same amount I would mine in a single day and still have like 30% profit.

Just saying if you aren't paying attention to profitabilty it might be a mistake.

I totally know what are you talking about, that is why I also stopped minting for a while when diff changed from 2 to 5, but point is,
that maybe few minutes or hours, just after diff up it was more profitable to mine doge for example, then sell it to btc, then buy vtc and you are better of than direct mining.. sure.. but another thing is, that if you can not sit behind your computer all day and every 10 minutes check price, then you can end up with less
What happened was, that price quite quickly matched increased diffictulty and if you dont sell all your alts you have benn mining instead of vert and dont buy vert for thet, then you can end up with alts and not vert and looking on already high price of vert and amount you can buy now for your alts wont be that much as if you were mining it since increased diffictulty..

anyway, diff now increased only to 8, which I think is great big hashers turned it off for a while and party goes on on lower diff with nice price.. wow..

[BorisTheSpider]

Breaking 0.0006 now - No-one will sell mr 10BTC any VTC!

[shirenlihei]

fixed 

[shirenlihei]

???Another thing I don't quit understand is if difficult can fluctuate why N can not fluctuate, but only keep grow? Is it had to build a model to test it?

Because then your miner would have to know what N is.  Not impossible, but certainly a pain in the ass to change the mining algorithm all the time.

Thank you.   It's more painful to the asic users. For GPU miners, a script or a program can solve this troublesome;D

[Revelations86]

I just bought a ton load.  If this works out, Vertcoin will be the fulfillment of Satoshi's goal of true decentralization.

[BorisTheSpider]

We were the 2nd biggest traded currency on CoinedUp today, with nearly 30BTC of volume, more than LTC/BTC, LOT and only second in volume to DOGE!



Here's our 10 day price chart since going on CoinedUp:





Remember to keep asking at https://bitcointalk.org/index.php?topic=291647.0 if you want to trade VTC at Coinex.pw

[ejhuff]

Ok, I'm going to buy two GPU's for my machine, which happens to have a gaming / overclocking motherboard and case (lots of fans).  I run Linux, and unless something has changed, I guess Linus still says eff-you to Nvidia, so I'm not buying Nvidia. 

I suppose I should ask this on the main bitcoin mining board..., but maybe some GPU boards would be better for Vertcoin future N-factors?

Which GPU should I buy?  I will be reading what google coughs up and asking on the appropriate mining board, but maybe someone here can tell me what NOT to buy for Vertcoin mining purposes.

I have an ECS Z77H2-AX, which I bought (after a few years of planning to find out exactly the right setup for running virtualization, but never doing it) because I wanted a board which was known to run Linux well, and I now wonder (after seeing it is not a really popular MB) whether the Linux benchmarking blog I read about it on had been given one in exchange for writing about it and using it to benchmark GPU's.  I bought the power supply and case which NewEgg said was often used with that motherboard.  Also I later discovered that you have to check both the CPU and the chipset for compatibility with virtualization.  Intel does not claim that the Z77 chipset has I/O virtualization, although Linux finds an IOMMU, so perhaps it "just" doesn't pass quality control...

CPU i7-3770 3.40 GHz 8MB Cache LGA1155, 77W.
PSU Rosewill RBR1000-M 1000W RT
    25W is -12V and +5Vstandby
    combined 975W:
        +12V 900W(75A) +12V, four separately regulated supplies, 2x20A, 2x30A.
        +3.3V(28A) +5V(30A), combined 180W
RAM 4 x 8GiB
three PCIe x16, compatible with PCIe 3.0, slots 1 and 2 can be used for GPU's at x16.

[ejhuff]

Whoever have not voted  yet, please vote now:


https://cryptsy.freshdesk.com/support/discussions/topics/64057/

 

Note that to vote, you click on "like" at the top of page, not just make a comment.

[shirenlihei]

Whoever have not voted  yet, please vote now:


https://cryptsy.freshdesk.com/support/discussions/topics/64057/

 

Note that to vote, you click on "like" at the top of page, not just make a comment.

important information