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

[Nmonic]

i tested p2pool for the last 8 hours and it gave me nice and constant payouts.
I received the first payout after ~30 min of mining.

But what i wonder about is that the p2pool page (http://vtcpool.co.uk:9171/static/) only shows around 600 kH/s (stale shares included) and my cgminer says i have around 800 KH/s
Whats up with the difference?

So i've been mining p2p now for the last couple of hours but it is normal that my last payout was almost 2 hours ago? I'm hashing just fine..

Same here...last payout 2014-02-03 05:50:53   but I'm hashing all the time since ~9hours...

I had a 1,5h break of payouts between 6:50 and 8:20 (CET)
Since then payouts are coming constant again every 10 to 20 min.

What about your hashrates? Do you see differences as well between p2pool shown rate and cgminer?

I also have seen several long breaks in p2pool VTC payouts.   During these breaks my miners are showing consistent hashrate, and very low rejects (I am 17ms to the p2pool node) and the P2Pool graphs are still showing accepted shares. I am also seeing p2pool blocks being paid out, but my payout address is not among those being paid during these breaks.  Other miners that are continuously mining on the same P2Pool are being paid for these blocks, and others are not.  Do I need to cite examples?

[mmihai1978]

@nmonic - I have also an 9 hour break which is clearly an issue:

i was mining at http://p2pool.etyd.org:9171/static/

i see that recent blocks in that node above have stopped at 28584. I think the node has an issue.  

[rahrahrah]

Just wanted to say how awesome the Vertcoin installer package is. THIS is how a wallet should be released - with an installer and nodes in the config file. Boom, done, open... starts syncing immediately. Good stuff guys.

[mattbigblue]

Tip for everyone on P2P mining..
On intenisty 20 I was getting 17-28% stales!! and 450kh/s with r9 290
Same settings just intensity 17 and ~3% stales with 429kh/s.

awesome!

I can add to this.

After messing around with tuning today after I started getting permanent artifacts. .I17 on these 290 cards seem to be the safest setting w/o destroying your card in modified cgminer.

I16 drops hashes significantly, and I18 I start getting an unresponsive desktop. This is coupled w/ constant engine usage drops to 0%, engine clock dropping a few hundred Mhz, and my lights literally pulsating. At I17, the pulsating goes away, I have a responsive desktop, I use less power,the core clock stays stable at 20% powertune, core also never goes down to 0% and recovers, I have one reject after about an hour and a half, WU sits at about the same level as I had it on I20, and only lose a few hashes.

Seems to be a no brainer at this point that I'm going to run @ I17. . anything above I17 is killing my cards and I've got a permanent artifact as a result. Sitting at 454 k# OC'd 1075/1470

Is it 290 or 290x? Thos engine clock makes You thoose artefacts! Do You use any diff modificator next to Your wallet addres? what TC are You using with theese locks 1075/1470?

[Basnoff]

I'm not sure this has anything to do with which P2Pool you're on.

I've tried a few pools (including one with only 5 workers, where I had the highest hashrate), and they all behave the same.
Other than a slightly different latency that is.

Have a look at the Graphs section of your P2Pool site.

The behaviour seems to be the same for everyone with the same hashrate, I'm around 1 MH/s and everyone else with a similar hasrate seems to have frequent long gaps in the payouts.

People with higher hashrates (say around 6 MH/s) seem to have more regular payouts, although with different amounts.

Now I wonder whether the total will add up to the predicted VTC/day? I'll see in 24 hours I guess.

[YoyodyneSystems]

The 0.001 wall is gone.

Heading to 2 million cap.

[mmihai1978]

ok, my total payouts from p2pool for the day are equal to the 24 h estimate (+-5%). faith in humanity restored!

[jballs]

The 0.001 wall is gone.

Heading to 2 million cap.

Noticed 2.92BTC order traded on poloniex earlier at .00146 for 2,000VTC  

Guess someone really doesnt like trading on coinedup. That is high so far though.

[YoyodyneSystems]

The 0.001 sell wall gives us some time to take a breathe and mine the last easy coins until it gets broken. I really worry about the next days, if it will climb up too quick, it may attract too many speculative traders moving the price irracionally and causing the coin to die as an ordinary P&D coin and being hated by its own community.

What is an irrational price move with $800+ btc?

Just wondering. The speculators are coming, some already here. Major factor though is supply is going to stay limited and most importantly distribution is widespread. I dont forsee very many large orders swampin the market as there are not many large holders. Yet.

The sell wall at .001 is intereting because it does appear to be one large holder. Pool maybe? 15btc were offered at .001 or close last night. This morning it was lifted and broke down to 4 and 5 orders between 94 and 100. 5 of that got chomped today but its really just one seller so vapor thin on the sell side and the buy wall building. It will fall soon I suspect so mine faster. Heheh. Poloniex traded to a least 126 on no volume. There is some size going there now, better than last week on liquidity for sure but still pretty thin.

Some was lifted but most of it was placed at just slightly below. People were buying at 0.00099 all night so no need to sell at 0.001. So people bought most of that 15 + a lot more.
And just now I watched the wall fall. There is a really really big demand for this coin. China was buying at 2-5AM PST like crazy also.
They love coins like this. And in reality this coin is unique.

As I said before - This coin may replace LTC. It's better. And it's cooler too.
Imagine have 1000 of these in a year they are worth $100 and you are thinking how cool you were to be there at the beginning.

edit - no one will ever get this coin for 0.001 again.

Congrats! You made a coin that people want to TRADE and USE!

[micryon]

The 0.001 wall is gone.

Heading to 2 million cap.

Noticed 2.92BTC order traded on poloniex earlier at .00146 for 2,000VTC  

Guess someone really doesnt like trading on coinedup. That is high so far though.

Wow next step at 0.002 now.. very exciting watching this unfold.  Even though it not as easy mining it anymore .. but still, glad to see it all play out.

[Zombie123]

This is by far the most profitable coin I have mined till now. Unfortunately putting High sell walls did not help in this coin lol

[mmihai1978]

 i have a puny r9 280x. at current prices, until diff 100, the coin is profitable compared to alternatives.

i expect multipools will do anything to try and mine it.

[goin2mars]

Tip for everyone on P2P mining..
On intenisty 20 I was getting 17-28% stales!! and 450kh/s with r9 290
Same settings just intensity 17 and ~3% stales with 429kh/s.

awesome!

I can add to this.

After messing around with tuning today after I started getting permanent artifacts. .I17 on these 290 cards seem to be the safest setting w/o destroying your card in modified cgminer.

I16 drops hashes significantly, and I18 I start getting an unresponsive desktop. This is coupled w/ constant engine usage drops to 0%, engine clock dropping a few hundred Mhz, and my lights literally pulsating. At I17, the pulsating goes away, I have a responsive desktop, I use less power,the core clock stays stable at 20% powertune, core also never goes down to 0% and recovers, I have one reject after about an hour and a half, WU sits at about the same level as I had it on I20, and only lose a few hashes.

Seems to be a no brainer at this point that I'm going to run @ I17. . anything above I17 is killing my cards and I've got a permanent artifact as a result. Sitting at 454 k# OC'd 1075/1470

Is it 290 or 290x? Thos engine clock makes You thoose artefacts! Do You use any diff modificator next to Your wallet addres? what TC are You using with theese locks 1075/1470?

It's a 290. I've had it run @ those clocks for 2 weeks straight on regular scrypt. I guess I haven't owned them very long (only about 6 weeks). . but I would think that the damage was done only when switching from cgminer to modified cgminer. I could just as easily be totally wrong though, but I've talked to quite a few people/browsed lots of threads that ran those clocks on this card with no problems in regular cgminer as their regular running speeds. Keep in mind I'm referring to hynix ram cards, not elpida.

I've had artifacts before, but they've gone away when I downclocked or lowered intensity. Now I have a permanent half centimeter by 20cm line going down my screen w/ cgminer showing up in there. It keeps going away and popping up randomly after 20+ restarts, and even when using the comp normally. I think it's definitely burned into the cards. Personally what I think did it is a power surge at >17 intensity, where the PSU couldn't filter it out by whatever means. . .as my lights were literally pulsating before I found the right intensity.

I run in the 24550 to 25000 range. Honestly I get a couple more hashes at 25k and use 3173.9 Mb of the ram on the cards.

Either way, it's nice to see the cards happy again rather than getting sick all the time. I'm probably going back to the 1000/1500 or 1050/1450 clocks as this seems the safest alternative without having the chance of damaging from OC'ing the cards. The most stable matchup I've found has been the 947 stock engine and 1250 stock memory settings. . but I'll probably save that setting for summertime. Thank you for posting your intensity before, it's nice to hear that other people don't want housefires and RMA's too.

[bengtåke]

i tested p2pool for the last 8 hours and it gave me nice and constant payouts.
I received the first payout after ~30 min of mining.

But what i wonder about is that the p2pool page (http://vtcpool.co.uk:9171/static/) only shows around 600 kH/s (stale shares included) and my cgminer says i have around 800 KH/s
Whats up with the difference?

So i've been mining p2p now for the last couple of hours but it is normal that my last payout was almost 2 hours ago? I'm hashing just fine..

Same here...last payout 2014-02-03 05:50:53   but I'm hashing all the time since ~9hours...

I had a 1,5h break of payouts between 6:50 and 8:20 (CET)
Since then payouts are coming constant again every 10 to 20 min.

What about your hashrates? Do you see differences as well between p2pool shown rate and cgminer?

I also have seen several long breaks in p2pool VTC payouts.   During these breaks my miners are showing consistent hashrate, and very low rejects (I am 17ms to the p2pool node) and the P2Pool graphs are still showing accepted shares. I am also seeing p2pool blocks being paid out, but my payout address is not among those being paid during these breaks.  Other miners that are continuously mining on the same P2Pool are being paid for these blocks, and others are not.  Do I need to cite examples?

Share difficulty has grown with the network difficulty, so finding a share now is harder. I'm also seeing some pauses in payouts, then it starts again after a while.

[asnghost]

vertcoin going though the roof!!

[BorisTheSpider]

Satoshi Nakamoto, Bitcoin father(or fathers), made Bitcoin as decentralized. This is a mandatory condition for the cryptocurrency existence.

I think, philosophically, this is why Vertcoin is so successful - the single, most important aim of the project is to restore, protect and develop in at a core level the decentralization that is the actual reason for Bitcoins existence - all the technical stuff is a toolkit to achieve that aim.

Satoshi created something with an emergent property about it - the world changing nature of cryptos, that still has barely begun to scrape the surface of the mainstream consciousness. Then, quite legitimately I might add, some clever people came along and broke the core principle (decentralization) on which it depended, because there was a financial incentive to do so, and people quite rationally and morally think with their pockets.

VTC is the natural next step in this process - Satoshi laid the foundations, now that there has been time for the risks to make themselves apparent, something better has come along that has the benefit of hindsight and is able to deal with those risks.

I think $50 could prove to be like akin to predictions that no-one would ever want a computer in their home, or that no-one could ever want more than 640kb of RAM.

All hail Satoshi Nakamoti, builder of the foundations beneath us.

[cherominerito]

I guess this coin will be dumped soon because it is very profitable.

[BorisTheSpider]

I guess this coin will be dumped soon because it is very profitable.

It's entirely healthy for a market to shake out some sellers - they have their opinion of whether selling or buying is the better option, I have mine. The market will find a price, indeed it's the only thing that can.

[YoyodyneSystems]

I guess this coin will be dumped soon because it is very profitable.

You mean like Bitcoin? Good! Just like LTC and BTC. This can replace Bitcoin as well as Litecoin.
It has everything they have and more.

[jballs]

I guess this coin will be dumped soon because it is very profitable.

It's entirely healthy for a market to shake out some sellers - they have their opinion of whether selling or buying is the better option, I have mine. The market will find a price, indeed it's the only thing that can.

+1

Also there is not much out there to dump. You have become jaded by the clone carnies. Im not selling, still have a lot more to get bought.  Not sure what the pools can unload in a day but there are no stockpiles and i would ride it back to zero than sell here without regret so... We will see extreme volatility for sure but this ain't doge country.