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

[dotnetmin]

Getting 502s again on cryptsy. Moving my VTC out of there.

CoinedUp is slow as molasses but I trust them a lot more.
Maybe Poloniex, I'll have a look.

Poloniex works quick and perfect

[inqd]

Poloniex support has been very response and helpful.

[dotnetmin]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

[Fastpow]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

KGW wasn't implented right at the start so blocks were solved alot faster before KGW was implented.

[dsergeevich]

what happens to the price? who sells so many

[BBristow79]

You can find Steve Abel the admin on IRC @ #vertcoin and ask for updates

Anyone know when vercoinHeavyIndustries website will be back up and running. Can't get into the chat right now.

I miss the web interface.

+1 me too!

I can't get onto IRC atm at work. I was hoping that someone had some news they could share.

If it's any reassurance for you, I emailed the autoconfirm account last night. It was monitored luckily. Here's what I got back in reply:

I do have good news for you, the website really is done for your
protection. My task tonight and maybe tomorrow is to inspect the mpos
code base and find where the hack occurred.

Until I feel confident the site is safe we'll continue to run without
the interface.

So if that's enough for you, after hearing it from someone you don't know who heard it from someone they don't know then continue on!


EDIT: the hack he was referring to was KILOVOLT, not heavyindustries

Thanks! I'm good with that

[perl]

New pool for mining Vertcoin

http://vtc.crypto-pool.fr/

+Low statum diff
+Low fee for manual and autopayout
+now fee for launch pool
+Physical server
+Located in a datacenter in France ( Good for all EuropaRegion )
+For next block for add more person. I have increase reward 50 to 55 ( +10% VTC  more )

Good lantency and stability:
Pool Valid   40,049
Your Valid   2,328
Pool Invalid   102 (0.25%)
Your Invalid   0 (0.00%)

[samson]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

How come we're getting approximately one new block every 1.25 minutes on average over the last 29 days then ?

The worst thing is - if you fix this now it creates a new problem - early miners got rewards way above what they should have.

[samson]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

KGW wasn't implented right at the start so blocks were solved alot faster before KGW was implented.

I see so it was an 'instamine', by accident of course ?

[Fastpow]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

KGW wasn't implented right at the start so blocks were solved alot faster before KGW was implented.

I see so it was an 'instamine', by accident of course ?

Well to be really honest i've got no idea why there are alot more coins in circulation, was just thinking of possibility's why this is the case.

I'm sure the dev will be able to answer your question tho.

[BBristow79]

Cryptsy is trading such a low volume of coins right now that someone with a few BTC could shift the price +/- 20%

Looks like most people are holding and those either inexperienced or are trying to manipulate the rate are trading.

Take a look at the volume since the last dump. It's tiny.

I've had about enough of Cryptsy. I thought it would add to the value of VTC not screw with it.

[spiffcow]

Considering this was announced on January the 8th and today is February the 6th

In only 29 days 1.5 Million VTC have been mined.

Coin settings :

Block time: 2.5 minutes
Block Rewards: 50 coins per block
There should be 576 blocks per day

Theoretically we should have this :
16,704 blocks mined by today resulting in 835,200 coins

In reality we have this :
30,707 blocks mined by today resulting in 1,535,400 coins

So there's nearly double the amount of VTC than there should be.

WTF ?

That's because the blocks are generated faster than 2,5 min. Hence the ever increasing difficulty

So only the difficulty readjustment is broken, not the whole coin ?

No, the difficulty readjustment isn't broken. The total hashrate is just ever increasing, wich means that as soon as the difficulty is adjusted more hashrate comes in meaning the blocks will be solved faster than 2,5 min again. Ofcourse the difficulty will adjust accordingly again but as long as the hashrate is growing the blocks will be solved faster than 2,5 min. As soon as hashrate stabalizes we'll see the intended 2,5 min blocks

Guys, before posting bullshit understand how coins work.
This KGW work perfect. Target is to solve a block each 2.5 minutes, independent whatever hash comes into the coin

How come we're getting approximately one new block every 1.25 minutes on average over the last 29 days then ?

The worst thing is - if you fix this now it creates a new problem - early miners got rewards way above what they should have.

Oh quit bitching.  You all knew it was here, and you ignored it because doge was getting you $40/MH during that first week, and it never occurred to you to look anywhere else.  Those of us who decided to take a chance got to reap the rewards.

[BBristow79]

Early miners did have an advantage. Like any early miners would.

The initial difficulty was set at one level for a set duration of blocks.

IE. Diff 1

The coin gained in popularity and blocks were discovered at a much faster rate then 1/2.5 min for all of the blocks associated with the initial difficulty (lets say 1000 blocks)

The next diff level kicks in it's now 3 which brings us back to the 1/2.5 min ratio. It again gains popularity and is solved much faster for the next 1000 blocks.

This continues until we hit the gravity well. Now rather then readjusting every 1000 blocks it does it every 1 block. This keeps the ratio very very close to 1block/2.5 min.


So initially miners could mine faster than the set ratio, but since the gravity well came into place you cannot anymore.

At the end of the day the coin is stronger now than when it first came out because of this. Some coins just die when the difficulty goes up and a large percentage of people jump ship and mine another coin. This leads to blocks taking much longer to solve than intended. Which I might add happened to Vertcoin at around 8 diff, for a while it took 4 min to solve a block.

[uswapme]

do u guys watching litecoin price? its falling slowly

[Basnoff]

Cryptsy is trading such a low volume of coins right now that someone with a few BTC could shift the price +/- 20%

Looks like most people are holding and those either inexperienced or are trying to manipulate the rate are trading.

Take a look at the volume since the last dump. It's tiny.

I've had about enough of Cryptsy. I thought it would add to the value of VTC not screw with it.

Yeah, just moved everything out of there. Going back to CoinedUp even though I can make coffee while the page loads.
I would like to use PoloniEx, but I don't see any volume there... Too bad really, feels pretty fast.

[ieatm3s]

Im thinking people are using autosell on fucking CRAPTSY, so when they released deposits, ofcourse the price plumetted. Damn I wish I had some BTC lying around

[illodin]

do u guys watching litecoin price? its falling slowly

Incoming asics just make people wanna ditch vanilla scrypt coins.

[Zombie123]

Getting 502s again on cryptsy. Moving my VTC out of there.

CoinedUp is slow as molasses but I trust them a lot more.
Maybe Poloniex, I'll have a look.

I think best is coinmarket.io though in beta but pretty fast

[Basnoff]

Getting 502s again on cryptsy. Moving my VTC out of there.

CoinedUp is slow as molasses but I trust them a lot more.
Maybe Poloniex, I'll have a look.

I think best is coinmarket.io though in beta but pretty fast

Thanks, I'll have a look at that one!

[WutriCoin]

Azure Vertcoin Pool - DDOS reisistant P2Pool Node

http://cryptopool.cloudapp.net:9171/

To connect to this P2Pool node simply point your miner at:

URL: stratum+tcp://cryptopool.cloudapp.net:9171
Username: Your vertcoin address
Password: Anything

Sample configuration

cgminer.exe --scrypt -o stratum+tcp://cryptopool.cloudapp.net:9171 -u VbNPoxNeiNg6Bj9RwjjS4GazDbKLgUqNDP -p X

Fast facts

1. P2Pool nodes are all part of one single, big, distributed pool
2. When any p2pool worker on any node finds a block, everyone on all the nodes gets paid their share
3. There is no pool wallet, and hence no payout threshold. Payments go directly to your wallet
4. The distributed nature of p2pool resists DDoS attacks

Decentralize the hashrate!

http://cryptopool.cloudapp.net:9171/