guys I might have a stupid question here... if the coin is ASIC resistant (and I understand why) then how is one guy, doing 226MH? I mean thats sick, at least 450 to 500MH normal scrypt.. x500 R9 290x farm ? for real ?
Yes, why not? what's impossible?
This coin will defeat Litecoin in short time. All the people that put so much money into their GPUs to have scrypt ASIC come out and risk their whole
investment will switch to Vertcoin.
All coins from Vertcoin onward will be Nfactor. And this coin will be the new LTC.
All the miners of the world will buy this coin and mine it to show they will not be compromised by the threat of ASIC mining.
And Litecoin will fall. It's evolution.
hell yeah!
Welcome to The Revolution
Due to the large demand for having a more ASIC proof currency (
https://bitcointalk.org/index.php?topic=359323.0 ), Vertcoin was created using Litecoin as a base, and has an adaptive N-factor applied based on the timestamp of blocks generated. Instead of using a fixed value of 10, such as Litecoin does, the Vertcoin N-factor begins at 11 and gradually increases over time using the following schedule:
| N | Memory | Timestamp | Date/Time | |
|----------|--------|-------------|-------------------------------|---|
| 2048 | 256 kB | 1389306217 | Thu, 09 Jan 2014 22:23:37 GMT | |
| 4096 | 512 kB | 1456415081 | Thu, 25 Feb 2016 15:44:41 GMT | |
| 8192 | 1 MB | 1506746729 | Sat, 30 Sep 2017 04:45:29 GMT | |
| 16384 | 2 MB | 1557078377 | Sun, 05 May 2019 17:46:17 GMT | |
| 32768 | 4 MB | 1657741673 | Wed, 13 Jul 2022 19:47:53 GMT | |
| 65536 | 8 MB | 1859068265 | Tue, 28 Nov 2028 23:51:05 GMT | |
| 131072 | 16 MB | 2060394857 | Tue, 17 Apr 2035 03:54:17 GMT | |
| 262144 | 32 MB | 2463048041 | Sun, 19 Jan 2048 12:00:41 GMT | |
long time...
| 524288 | 64 MB | 2999918953 | Fri, 23 Jan 2065 06:49:13 GMT | |
| 1048576 | 128 MB | 3536789865 | Wed, 28 Jan 2082 01:37:45 GMT | |
| 2097152 | 256 MB | 5684273513 | Mon, 16 Feb 2150 04:51:53 GMT | |
| 4194304 | 512 MB | 7831757161 | Sat, 07 Mar 2218 08:06:01 GMT | |
| 8388608 | 1 GB | 9979240809 | Thu, 25 Mar 2286 11:20:09 GMT | |
| 16777216 | 2 GB | 16421691753 | Fri, 19 May 2490 21:02:33 GMT | |
| 33554432 | 4 GB | 22864142697 | Sun, 15 Jul 2694 06:44:57 GMT | |
Technical Details:
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Symbol : VTC
Max Coins: 84 million vertcoins.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithm
Block Rewards: 50 coins per block