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

[BorisTheSpider]

New VTC Pool

https://vtcpool.co.uk/

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Come join us

[Vertcoin]

Est Next Difficulty   15.10239478 (Change in 1100 Blocks)


Soon 

where can i find that? pool website maybe?

you can find the list of pools in vertcoin.com

[blacklig]

Est Next Difficulty   15.10239478 (Change in 1100 Blocks)


Soon 

No, soon you will be remembering how great it was when diff was under 100

[jballs]

After a brief and poorly resulted attempt to run some mental stops I am now 100% in vtc and even got my coins off coined up with minimal hassles. Just slow.

Anyway if one of you is or knows the brother with the 8 bit sell wall at 5886... Dude take that down it is piss poor strategy. Your just a lean for sellers below and if someone does take all 8 down the market will scream higher.  Put up 1 or so and sell into the rally once that gets taken down and you will get a higher average price.

Just my two cents... Good luck all.

[BorisTheSpider]

IMPORTANT NEWS

Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.

There has been feedback from users on 2 points that we wanted to address and respond to.

1. The N-Factor schedule, which some people feel is too aggressive and might unfairly squeeze out older GPUs in future as N-factor increases.

2. The difficulty adjustment algorithm, with 3.5 day difficulty retargeting, which users felt (myself included) could be vulnerable to leaving us stranded at high difficulty if a multipool merges the VTC mining patches into a mining client, then leaves the network after a period of high profitability, greatly decreasing hashrate and leaving Vertcoin stranded with long block times, leaving the core VTC miners to mine through a long unprofitable period to get back to 2.5 minute blocks.

We have been testing and validating, and we're now ready to make 2 major changes:

1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).

2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years.

We'd like you all to help us decide:

1. Exactly what N-factor schedule should be used

2. How long we should wait to fork to KGW difficulty adjustment.

Please participate in the two polls linked below:

KGW implementation date poll: https://bitcointalk.org/index.php?topic=431104.0

N-Factor scheduling poll: https://bitcointalk.org/index.php?topic=431092.0

[jballs]

whatever you are going to change, do it now, and be done with it. Seriously, no faster way to reduce credibility than start hosting public discussions on how to proceed. Especially voting for god's sake. Whose expertise am I putting my money into here?

Fix it ASAP and then leave it alone.

[bengtåke]

Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.
<snip>

1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).

This is great news! The current slow difficulty adjustment is really one of the few weaknesses the coin has.

2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years, to be decided based on user feedback.

Making this regular is good, the big leap during 2015 to 4096 in feb and then again to 8192 nov, makes it hurt a little too much and a lot of todays gpus can't handle N=8192. The less aggressive approach to Nfactor is one of the reasons I got behind this coin (since it won't be a "botnet coin"). Hopefully this change keeps the coin running smoothly with hardware updates on the gpu side.

[CSM00]

whatever you are going to change, do it now, and be done with it. Seriously, no faster way to reduce credibility than start hosting public discussions on how to proceed. Especially voting for god's sake. Whose expertise am I putting my money into here?

Fix it ASAP and then leave it alone.

+1

Especially when those discussions are here.  Just do it.

But... to offer an opinion.  Diff calc change is obvious and good - see CAT and KDC.

You'll never make everyone happy with the nFactor - someone will always want their 10yo POS GPU to work or only want their R19 in 2021 to be the only card that will work.  Litecoin was supposed to be GPU-proof and now its going to be an ASIC coin.  The world changes and setting things in stone for years doesnt make sense.  

Maybe tweak the current schedule with the caveat that it can/will change based on advances in technology.

[jballs]

To make the point, I voted on both polls. Yet I know fuck all about gravity wells and n factors. Instead of that, get in touch with fellow über geek gurus in private and come up with the right solutions.

Aside from polling morons like me for the detriment of collective input, you are also speeding along the thought process of every would be and soon to be vert clone in the pipeline, decreasing your head start by N. That N I know about...

I do appreciate the open source mentality around all of this but remember you are creating money and money is a very particular sort of commodity. Confidence is paramount.

Especially since it's my money now.   .

[BorisTheSpider]

To make the point, I voted on both polls. Yet I know fuck all about gravity wells and n factors. Instead of that, get in touch with fellow über geek gurus in private and come up with the right solutions.

Aside from polling morons like me for the detriment of collective input, you are also speeding along the thought process of every would be and soon to be vert clone in the pipeline, decreasing your head start by N. That N I know about...

I do appreciate the open source mentality around all of this but remember you are creating money and money is a very particular sort of commodity. Confidence is paramount.

Especially since it's my money now.   .

Your feedback is appreciated, and I understand your points. We wanted to involve everyone here, but rest assured - the potential ranges for the 2 polls (how long from wallet release to fork, and how fast to change N-factor) have been carefully thought about before we ever asked the questions - the extremes of the ranges we're polling are still entirely reasonable values for these decisions, and have been carefully thought about and discussed at length by the "über geek gurus" in private.

No decision will be made by majority, we will consider the poll results but might go against them. Ultimately, we will make sound decisions in private based on what is technically sound, and what protects your investment most strongly.

[blacklig]

whatever you are going to change, do it now, and be done with it. Seriously, no faster way to reduce credibility than start hosting public discussions on how to proceed. Especially voting for god's sake. Whose expertise am I putting my money into here?

Fix it ASAP and then leave it alone.

I dont think asking "public" how to upgrade coin is bad at all. I like it.
It also shows me devs are behind this coin and that it is good and live project..

And that KGW is really great.. slow diff was actually only think that bothered me bit about this coin..

[nasone32]

whatever you are going to change, do it now, and be done with it. Seriously, no faster way to reduce credibility than start hosting public discussions on how to proceed. Especially voting for god's sake. Whose expertise am I putting my money into here?

Fix it ASAP and then leave it alone.

well, they want to hear the community, what's wrong with that?
looks like a good thing to me.

[CSM00]

whatever you are going to change, do it now, and be done with it. Seriously, no faster way to reduce credibility than start hosting public discussions on how to proceed. Especially voting for god's sake. Whose expertise am I putting my money into here?

Fix it ASAP and then leave it alone.

well, they want to hear the community, what's wrong with that?
looks like a good thing to me.

[Vertcoin]

IMPORTANT NEWS

Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.

There has been feedback from users on 2 points that we wanted to address and respond to.

1. The N-Factor schedule, which some people feel is too aggressive and might unfairly squeeze out older GPUs in future as N-factor increases.

2. The difficulty adjustment algorithm, with 3.5 day difficulty retargeting, which users felt (myself included) could be vulnerable to leaving us stranded at high difficulty if a multipool merges the VTC mining patches into a mining client, then leaves the network after a period of high profitability, greatly decreasing hashrate and leaving Vertcoin stranded with long block times, leaving the core VTC miners to mine through a long unprofitable period to get back to 2.5 minute blocks.

We have been testing and validating, and we're now ready to make 2 major changes:

1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).

2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years.

We'd like you all to help us decide:

1. Exactly what N-factor schedule should be used

2. How long we should wait to fork to KGW difficulty adjustment.

Please participate in the two polls linked below:

KGW implementation date poll: https://bitcointalk.org/index.php?topic=431104.0

N-Factor scheduling poll: https://bitcointalk.org/index.php?topic=431092.0

Put it in first page already.

[nonny12]

I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500

In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.

Eh. Wrong!! to bad your too late for the party, but I found out about this coins a days or so after it came out.
It was on 1 difficulty for like 4 days. Anyone could have grabbed some serious coins those first few days. I did pretty good seeing as I have only have one GPU.

Care to substantiate your claim?

And by serious coin you surely mean 1000-5000 coins, but nothing like the 500.000 that were handed over in the first 15h. Just look at the block explorer link I've posted - difficulty started at <0.000x and was still <=0.038 after 15h.

I don't really mind if the dev gets some easy coin as an incentive for his work - work that hopefully occurs in the past and future. I hold some coin as well. What I dislike is the dishonesty saying that it was "not" premined at all. A low difficulty at the beginning is similar to a premine, so vertcoin has an effective premine of at least 0.5%. We should be at block ~8000 but we are at ~23000.

It's not similar to a premine at all. Anyone watching this forum could have jumped on mining Vertcoin when it was launched Jan 11th. A premine locks out anyone other than the devs and whoever else he gives the wallet to.

[BorisTheSpider]

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

[shirenlihei]

I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500

In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.

Eh. Wrong!! to bad your too late for the party, but I found out about this coins a days or so after it came out.
It was on 1 difficulty for like 4 days. Anyone could have grabbed some serious coins those first few days. I did pretty good seeing as I have only have one GPU.

Care to substantiate your claim?

And by serious coin you surely mean 1000-5000 coins, but nothing like the 500.000 that were handed over in the first 15h. Just look at the block explorer link I've posted - difficulty started at <0.000x and was still <=0.038 after 15h.

I don't really mind if the dev gets some easy coin as an incentive for his work - work that hopefully occurs in the past and future. I hold some coin as well. What I dislike is the dishonesty saying that it was "not" premined at all. A low difficulty at the beginning is similar to a premine, so vertcoin has an effective premine of at least 0.5%. We should be at block ~8000 but we are at ~23000.

It's not similar to a premine at all. Anyone watching this forum could have jumped on mining Vertcoin when it was launched Jan 11th. A premine locks out anyone other than the devs and whoever else he gives the wallet to.

If people really want a fair game, the difficulty may be fixed or decrease when the hashrate increase.  

[BorisTheSpider]

VTC - MINE AND HOLD !

Love your sig!

Come and mine at vtcpool.co.uk

https://vtcpool.co.uk/

- https security
- vardiff
- PPLNS payouts
- Great support

Come join us

[svojoe]

I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500

In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.

Eh. Wrong!! to bad your too late for the party, but I found out about this coins a days or so after it came out.
It was on 1 difficulty for like 4 days. Anyone could have grabbed some serious coins those first few days. I did pretty good seeing as I have only have one GPU.

Care to substantiate your claim?

And by serious coin you surely mean 1000-5000 coins, but nothing like the 500.000 that were handed over in the first 15h. Just look at the block explorer link I've posted - difficulty started at <0.000x and was still <=0.038 after 15h.

I don't really mind if the dev gets some easy coin as an incentive for his work - work that hopefully occurs in the past and future. I hold some coin as well. What I dislike is the dishonesty saying that it was "not" premined at all. A low difficulty at the beginning is similar to a premine, so vertcoin has an effective premine of at least 0.5%. We should be at block ~8000 but we are at ~23000.

It's not similar to a premine at all. Anyone watching this forum could have jumped on mining Vertcoin when it was launched Jan 11th. A premine locks out anyone other than the devs and whoever else he gives the wallet to.

This coin is the opposite of any kind of a premine,

It was announced days in advance,  Launched fairly with ANN post bumps,  I showed up a couple hours late to the party and the competition was FIERCE,  with 2 fast desktop CPU's and 4 cloud servers I only mined 300 coins in the first day and a half.

After that I was even half a day late to the GPU party and I put my GPU's on that and that is where the majority of my coins came from.

I have amassed more VTC than most have just by being a casual miner who has been aggressive about sticking with it.   

I wasn't even close to being first out of the gate.

[BorisTheSpider]

IMPORTANT NEWS

Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.

There has been feedback from users on 2 points that we wanted to address and respond to.

1. The N-Factor schedule, which some people feel is too aggressive and might unfairly squeeze out older GPUs in future as N-factor increases.

2. The difficulty adjustment algorithm, with 3.5 day difficulty retargeting, which users felt (myself included) could be vulnerable to leaving us stranded at high difficulty if a multipool merges the VTC mining patches into a mining client, then leaves the network after a period of high profitability, greatly decreasing hashrate and leaving Vertcoin stranded with long block times, leaving the core VTC miners to mine through a long unprofitable period to get back to 2.5 minute blocks.

We have been testing and validating, and we're now ready to make 2 major changes:

1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).

2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years.

We'd like you all to help us decide:

1. Exactly what N-factor schedule should be used

2. How long we should wait to fork to KGW difficulty adjustment.

Please participate in the two polls linked below:

KGW implementation date poll: https://bitcointalk.org/index.php?topic=431104.0

N-Factor scheduling poll: https://bitcointalk.org/index.php?topic=431092.0