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

[micryon]

I believe this coin will have a great future, because of the solid community behind it.  Comparing this to many of the other pump and dump coins: reading those threads with lots of negativity, scam accusations, and just general clowning.. makes me feel like this coin has a greater chance of longevity.

Having watched this community grow from launch, it really does feel like a community driven project, launch day there was very little in terms of documentation, tools and support, but since then much has been added by volunteers.

The strength of any currency is in the faith and belief of a group of people; and it seems to me that beyond the technological advantages of vertcoin, the community of vertcoin is strong in this regard.

We could always use leaders to step up and create initiatives (even if just through word of mouth promotions) to help this coin succeed.  

[elviselvis101]

thx

[jballs]

I believe this coin will have a great future, because of the solid community behind it.  Comparing this to many of the other pump and dump coins: reading those threads with lots of negativity, scam accusations, and just general clowning.. makes me feel like this coin has a greater chance of longevity.

Having watched this community grow from launch, it really does feel like a community driven project, launch day there was very little in terms of documentation, tools and support, but since then much has been added by volunteers.

The strength of any currency is in the faith and belief of a group of people; and it seems to me that beyond the technological advantages of vertcoin, the community of vertcoin is strong in this regard.

We could always use leaders to step up and create initiatives (even if just through word of mouth promotions) to help this coin succeed.  

I fully agree. Not that it shows (hehheh) but I did not know this forum existed two months ago and had heard random murmering of bitcoin somewhere in the background noise. Have encountered the whole sordid rainbow of humanity on here since, this project is pretty dialed and glad I found it.

Equally glad the buy wall on coinedup has grown about 400% since yesterday, currently at 19 BTC with a really nice rising pennant on the chart. I daresay we see the first 70 print tonight or tomorrow.

PR progressing, I have logistics covered and I haven't done the math yet but I think the boost today in VTC covers the overhead for the first campaign with what I've got so, I will go ahead and set it up tonight. Thanks to all for kicking in.

Last thought for now, happy mining/developing/trading/taking-back-the-world...

[BorisTheSpider]

I am the operator of this pool. Source code downloaded by links from http://vertcoin.org/ What does it mean "updated wallet" in this case?

Hi Coinsprofit.

There was a hardfork a couple of days ago. Unless you have updated your wallet, you will not be able to hit blocks.

Please pull the source from https://github.com/vertcoin/vertcoin and rebuild from the current version.

[BorisTheSpider]

Trading volume for Vertcoin overtook dogecoin today

That's very impressive. I also agree with jballs, the price action, and in particular the market depth really suggest we've seen all the consolidation around 0.0005 we're going to, and that we're set for a move up to a "new normal".

I've been working on some gitian builder stuff, some of you might be interested to check out https://github.com/vertcoin/gitian.sigs.vtc/blob/master/README.md - unfortunately, I seem to have lost the commit I build v0.8.6.2-20140126 (the new KGW wallet) from, so if you want to verify the binaries on the vertcoin.org site please do it against the ones that are there _now_ not ones you previously downloaded - we'll make sure tags in the repo are kept consistent in future so all future builds are verifiable in this way. I'll also reorganise the website in the next couple of days to archive the old builds in some organized way so it's possible to go back and download older ones to validate etc.

The rebuild is called v0.8.6.2-20140201, there are no actual changes, so you don't need to update if you don't want to verify the builds. OTOH, I did notice that I forgot to build UPNP into 20140126 so if you wouldn't mind taking a minute to do it, updating to the latest download from vertcoin.org will help the network by making your wallet accept connections to help new users to sync their wallets. http://vertcoin.org/downloads/Vertcoin-setup.exe if you want the installer, http://vertcoin.org/downloads/Vertcoin-Qt-Win.zip if you prefer just the plain files.

[bengtåke]

P2pool is really starting to kick into gear now, I believe we have one of the highest percentages of any cryptocurrency network that are mining in p2pool*. This is amazing, guys. Keep it up!

So WTF is P2pool you might ask? Well, in short; it is a peer-to-peer distributed pool, that shares the payout of all blocks that are found in it fairly (based on submitted valid shares, PPLNS). It uses the coinbase transaction to pay the miners for shares (this means you will get coins sent directly to your wallet when the block is found, yay!). Due to the payouts being in the coinbase transaction; p2pool nodes never have any coins in their wallet (if they're configured correctly), and as such miners losing all coins due to a node getting hacked is a non-issue. P2Pool is also DDoS resistant due to its distributed nature.

Come join the fight on centralization! Pick a node with low latency at http://scanner.etyd.org or make your own node and start mining now!

Please, if you have a few minutes, read this great guide:
A guide for mining efficiently on P2Pool, includes FUD repellent and FAQ

There is also an FAQ maintained by BorisTheSpider here: https://vtcpool.co.uk/p2pool-guide.html


* Percentage of total hashrate mining on p2pool (just picked a few at random)
Vertcoin 16.2% (63 MHash of 394 MHash)
Dogecoin 1.4% (1.44 Ghash of 100 GHash)
Bitcoin 0.66% (140 THash of 21157 THash, 75% of this total rate being in four pools!)
Litecoin 0.22% (1.17 GHash of 79.2 Ghash)
Digitalcoin 0.2% (2 Mhash of ~1Ghash)

[jballs]

Market update... Over 5,000 VTC bid in the 50's on coinedup, buy wall at 21BTC.

Solid.

[jpeggt]

* Percentage of total hashrate mining on p2pool (just picked a few at random)
Vertcoin 16.2% (63 MHash of 394 MHash)
Dogecoin 1.4% (1.44 Ghash of 100 GHash)
Bitcoin 0.66% (140 THash of 21157 THash, 75% of this total rate being in four pools!)
Litecoin 0.22% (1.17 GHash of 79.2 Ghash)
Digitalcoin 0.2% (2 Mhash of ~1Ghash)

This is good, what would be the best percentage to stabilise at? 30%, more/less?

[bengtåke]

* Percentage of total hashrate mining on p2pool (just picked a few at random)
Vertcoin 16.2% (63 MHash of 394 MHash)
Dogecoin 1.4% (1.44 Ghash of 100 GHash)
Bitcoin 0.66% (140 THash of 21157 THash, 75% of this total rate being in four pools!)
Litecoin 0.22% (1.17 GHash of 79.2 Ghash)
Digitalcoin 0.2% (2 Mhash of ~1Ghash)

This is good, what would be the best percentage to stabilise at? 30%, more/less?

30% would be awesome, 51% would be godlike (to prevent attacks, but we need a lot more hashrate total in the network to be safe(r) anyway, right now).

Edit: Think I misunderstood your question, I'm not sure what optimal hashrate would be.

[steve_abel]

Want to warn people: It appears that vtc.pool.pm was not updated with the new wallet. Their block statistics show them solving most of the blocks within their own blockchain: https://vtc.pool.pm/index.php?page=statistics&action=blocks

Just today on irc we had one user quit on vertcoin after finding their mining efforts were wasted. If you're on pool.pm please switch pools, and maybe consider switching to a pool which focuses on vtc. I know for sure that Boris has updated VTCPOOL.CO.UK, Alex has updated kilovolt, and that I've updated VERTCOINHEAVYINDUSTRIES.COM.

Is there a developer who would be willing to run a mailing list for warnings? Best case would be to have all pool operators pay attention but bar that we don't want users losing their hashes.

[jballs]

Also on the priority list is getting on the larger exchanges, I know you have been pushing for that here too. Looked like 50BTC volume today on coinedup if coinmarketcap is accurate, that is pretty significant for trading around 40 cents.

Traded up to 70 briefly on Poloniex, some selling in thin volume in this morning across the board after the new highs.

[Cryptomancer]

I could not understand, that reminds me of the logo Vertcoin. And then I remembered! But the sign is reversed, apparently Vertcoin when fighting, ready to repel the invasion of ASICs . When the peace - the logo is restored  


THIS IS VERTCOIN ! NO ASICS !

oh man someone recolor the shields to vert and white colors 

[MiXXiM]

Network difficulty has changed to 12 already?

https://i.imgur.com/F70Ae5K.jpg

[jballs]

Network difficulty has changed to 12 already?

Yeah,

http://explorer.vertcoin.org/chain/Vertcoin

Cha ching... crowded in that gravity well there.

[blacklig]

I think VTC is getting attention from bigger players
That  35k VTC + buy on coined up hitting 0.0006 is pretty impressive

[Aureliusy]

Just some random sunday morning speculation/aka braindump:

VTC growth
In a year VTC will be where LTC is now. I think it wil be zerged in the next months  VTC doesnt have a pretty face (yet) like Dogecoin, but it brings something new to the table for all the GPUers.

Da Wallet
In general the wallet system and interface + backupmethod of all alt coins is very user unfriendly and dogugly. It will need a great overhaul before it will be anything that can be used by my mother.

Tip Top Tipping
Tipping (VTC) Coins /giving Kudos or score internet points on forum's/games/FB/twitter/music for microtransactions will be part of the growth online. The coins will have actual use beyond one forum/game.
The tips will be so small you can tip without getting bankrupt and it will be so easy you can tip when you appreciate something. Like listening to a nice song/seeing a good made clip/ appreciate a nice zerg attack/shot/overtake maneuver....

Coins that can be integrated in Forums/games/internet will be the winners...

[vertoe]

Help the decentralized mining grow! Join the P2Pool!

Vertcoin P2Pool: http://p2pool.vertcoin.org:9171/

[Fastpow]

Kilovolt is down?

[BorisTheSpider]

Want to warn people: It appears that vtc.pool.pm was not updated with the new wallet. Their block statistics show them solving most of the blocks within their own blockchain: https://vtc.pool.pm/index.php?page=statistics&action=blocks

Just today on irc we had one user quit on vertcoin after finding their mining efforts were wasted. If you're on pool.pm please switch pools, and maybe consider switching to a pool which focuses on vtc. I know for sure that Boris has updated VTCPOOL.CO.UK, Alex has updated kilovolt, and that I've updated VERTCOINHEAVYINDUSTRIES.COM.

Is there a developer who would be willing to run a mailing list for warnings? Best case would be to have all pool operators pay attention but bar that we don't want users losing their hashes.

Yes, it does indeed look like they have forked due to failing to update their wallet. Anyone who's moving off of vtc.pool.pm as a result, please consider p2pool - it is better to use a traditional pool if you have a very low hashrate (ie. CPU mining, or mining with an older GPU) - as a rough approximation, I expect if you have less than about 100KH/s you're probably better off on a traditional pool (we'll look at generating a proper number for that at some point like the LTC p2pool guys do), but that means that _most_ miners are going to be more profitable on p2pool, so please use it.

[blacklig]

Want to warn people: It appears that vtc.pool.pm was not updated with the new wallet. Their block statistics show them solving most of the blocks within their own blockchain: https://vtc.pool.pm/index.php?page=statistics&action=blocks

Just today on irc we had one user quit on vertcoin after finding their mining efforts were wasted. If you're on pool.pm please switch pools, and maybe consider switching to a pool which focuses on vtc. I know for sure that Boris has updated VTCPOOL.CO.UK, Alex has updated kilovolt, and that I've updated VERTCOINHEAVYINDUSTRIES.COM.

Is there a developer who would be willing to run a mailing list for warnings? Best case would be to have all pool operators pay attention but bar that we don't want users losing their hashes.

Yes, it does indeed look like they have forked due to failing to update their wallet. Anyone who's moving off of vtc.pool.pm as a result, please consider p2pool - it is better to use a traditional pool if you have a very low hashrate (ie. CPU mining, or mining with an older GPU) - as a rough approximation, I expect if you have less than about 100KH/s you're probably better off on a traditional pool (we'll look at generating a proper number for that at some point like the LTC p2pool guys do), but that means that _most_ miners are going to be more profitable on p2pool, so please use it.

how come miners are going to be more profitable on p2pools? I have 2.5 mhs on kilovolt so does it make more sense to put it into p2pool?