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

[crazy987]

i'm wondering about something.
I'm mining on p2pool, current node http://p2pool.etyd.org/
However, i'm also seeing that there are a lot of blocks found in the last hours, when i check my miner i see shares being accepted.
But, i havent recieved any transactions for 8 hours already but in that timespan about 14 blocks have been found already.

Either i'm missing something or i'm not getting payed all the time.
Anyone who can explain?

You only get paid if you have shares in the sharechain. Click on Graphs and find your address, you can see a history graph of how much value you had in the share chain plotted over time. If you run less than a couple MH you might try mining on my east node for now, I'm running a test patch to p2pool to lower variance for smaller miners. (Your shares are worth less value but you find them more often, so payments are more steady. You don't make any more/less income though.) Pool link in my sig. (West node is not running test patch.)

US is a bit far from the EU, so better not do that
But this is what i'm seeing in my miner:


setup your own node, and payout issues will go away.  im assuming you have quite a bit of horsepower if your payouts are this large.  i was getting sporadic payments with 600kh/s.  setup my own node, and never had an issue again


This is the payout scheme for me btw:

setup your own node, and payout issues will go away.  im assuming you have quite a bit of horsepower if your payouts are this large.  i was getting sporadic payments with 600kh/s.  setup my own node, and never had an issue again

Do you have a good how-to?
I have 2 VPS's at my disposal, 1 windows, 1 linux

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[pangu]

big buywall at coinedup: 20 BTC @ 0.0053

[Lloydie]

As a bitcoin and litecoin investor, I like Vtc because it promises to be truly ASIC resistant. I can see regulations coming that might crush bitcoin. Of course Btc will likely fork to ASIC resistance too if that ever happened.

So Vtc's strength comes from decentralisation in my view. Vtc decentralises mining. For example just look at the pools that have been setup with people helping each other. It's so different to bitcoin and litecoin.

Here is another area where regulators will attack bitcoin: the exchanges. If Vtc can help people setup very micro exchanges for Vtc to other cryptos, similar to what you guys did with pools, Vtc will see no limits.

Vertcoin will truly be by the people and for the people.  

[nasone32]

there was another one on bter of 10 BTC now it's 5.x
vertcoin is getting interest or are they preparing for another pump?

[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/

[mfpowernl]

Iam already a couple of days bissy with making a vert news site. It gone be mix between serious and funny articles.
My goal is to introduce the vertcoin to the mass! If you have tips or ideas please let me now

[BorisTheSpider]

I sent VTC to cryptsy for 15 hours ago and it has 381 confirmations yet it hasnt even showed up as pending at cryptsy. Has anyone else experienced this?

Hi!

Deposits are credited after 1 confirmation, plus up to sixty seconds, at https://CryptX.io.

Is there anything else I can do or add that could win your business?

Hi CryptX.io - nice to see attentive customer service there - added you guys to the official vertcoin.org site.

[CryptoMF]

Just sent a little over 4 VTC to the African Well Project. Great idea!

[turtoro]

Just sent a little over 4 VTC to the African Well Project. Great idea!

nice 1 mate

[pwpwpw]

sent 3VTC

[roede94105]

there was another one on bter of 10 BTC now it's 5.x
vertcoin is getting interest or are they preparing for another pump?

Aside from the "big down" correction after the first TREMENDOUS rise, the only two times vert coin really lowered is the two times Bitcoin went batshit crazy regarding the exchange issues.

This bit coin uncertainty is not over yet, but every time the markets seems to calm down a bit, interest rises again for vert coin.

I'm not saying anything, but I can't wait to see what happens when we finally get a bit of calm after the storm.

[pangu]

Iam already a couple of days bissy with making a vert news site. It gone be mix between serious and funny articles.
My goal is to introduce the vertcoin to the mass! If you have tips or ideas please let me now

interested in vertcoinmagazine.com ?

[noobster]

here we go, VTC on another market: BTER

https://bter.com/trade/vtc_btc

xD

[ctrlzed]

Tell me if I am wrong:

So far, the only people this coin can well benefit in the near future are the miners. In all other respects (especially as a payment method), is there any way to win the race against BTC and LTC or even gain market shares from them?
Now your counter argument might be: why should we win a race? We can build our own market.
To be honest, do you really think this works? Merchants will accept what is widely adopted. This is BTC. People will accept what is widely adopted. This is BTC. Let's call miners another group in this game. As soon as ASICS conquer the whole market, they will turn to mining VTC. What is happening now?
By thinking through this process, it becomes clear that this must be a reaaaal long term investment (long term in the cryptocurrency world).
You cannot really open successful parallel markets with another cryptocurrency, can you? What is required to put VTC in a really successful position is quite a lot of transition of the whole BTC market to let's say VTC.
Hard to imagine. It will take time to enter the really important industries like retailing and so on. They just got comfortable with BTC and now you enter the door and tell them that there is a better alternative... Wow. So, I think we are very much dependent on the mining advantage. And this will probably take quite some time to convince they many people it needs to make this coin really take off. Wrong?
I hope we get that zerocoin feature implemented as fast as possible.

Of course you are completely correct., but your voice will quickly become lost amongst all the hype. The alt-coin market is not driven by a rational assessment of the future viability of each new coin: it is driven by the promise of instant wealth, and regret at having missed the Bitcoin boom. It’s driven by the desire that this coin – My Coin - will be the next Bitcoin. This time, I’m not going to miss out, This time, it’s my turn. I got in early. And everyone better jump on board the rocket ship, because it’s going to the moooon!

Watch as a new coin is created from thin air, instantly met with enthusiastic acceptance and viral hype (Yes! This coin will be the next big thing!). Watch as people frantically mine and buy as many coins as possible (Better buy now, before the price goes up). Then, after the hype dies down or the coin is listed on a major exchange, see the price drop to the floor as the smart people sell, and the ones with dollar-signs in their eyes are left holding the bag. See the graveyard of dead coins, each with their legion of loyal devotees, still clinging on in desperate hope (Come on guys, this coin can still make it. All we need is for more people to hear about it).

The reality, as you understand, is that there already is a Bitcoin. To the extent that Bitcoin has built trust, stability, and recognition, it has done so slowly, and it won’t be easy to topple.  It won’t be done simply by taking Bitcoin and adding a few extra features. ASIC-resistance is something that nobody in the wider world who may be thinking about using Bitcoin, is likely to care about or even understand. They are concerned about things like stability of the currency, risk, and legality. They want assurance that if they buy or use Bitcoin, they won’t lose all their money or go to jail. They don’t really understand crypto-currencies, and  are scared because of the news stories about Bitcoin (Is it even legal?). And aside from all these questions, they need to see a real benefit for using it, aside from an ideological one, before they put their real, hard-earned money into it.

Bitcoin does have its problems. It is inevitable that if it continues to grow and become more accepted, it will eventually be replaced by a superior currency. But that currency won’t simply be a derivative: it would need to offer a lot to differentiate itself and become widely accepted. Things like POS vs. POW, Scrypt vs. SHA, block halving times and pre-mines are relevant to miners, but are largely esoteric to everyone else. What is needed is something a lot bigger. And when that comes, people won’t be oblivious to the massive amounts of money to be made, like they were the first time. It won’t be released as a fair, free for all, and the ground floor will be closed off to all but a few.

Until then, there is some money to be made by riding the dreams of the naive and desperate. Pump and dump, sir. Pump and dump.

[mv1986]

Sorry, this is a double post, but it is a good remark on your statement.

We should launch small conferences about VTC at universities in all countries we can find a representative for. When I talk to people who have "heard of it" but do not really know what it is, they have a lot of questions. And they tell me that they would love to be part of this project in terms of investment or whatever. In most cases they have the feeling that this train is already gone. To be honest, I am not even sure what to tell them. I don't know if investing in BTC is a big thing anymore since competition is rising. If there was a cool informative event at my university, I would go there. It could - or even should - start with cryptos in general and it can well end with VTC and its advantages. Although technical, 45 minutes can be enough to explain everything that's important. I mean, you are not talking to idiots there (at least most of them are not). Also, the probability that some people will attend this at university is quite high in my opinion.
We could work together on a presentation with very nice explanations and many more features. W could also convince people to mine it by explaining how face to face. Our representatives could work as contact persons in their environment.
Not all people are coming to this forum. We could pick them up where they are. Any input on this?

[WutriCoin]

There are many excellent ideas in this thread. It's a joy to read constructive posts.

[luthan]

i'm wondering about something.
I'm mining on p2pool, current node http://p2pool.etyd.org/
However, i'm also seeing that there are a lot of blocks found in the last hours, when i check my miner i see shares being accepted.
But, i havent recieved any transactions for 8 hours already but in that timespan about 14 blocks have been found already.

Either i'm missing something or i'm not getting payed all the time.
Anyone who can explain?

You only get paid if you have shares in the sharechain. Click on Graphs and find your address, you can see a history graph of how much value you had in the share chain plotted over time. If you run less than a couple MH you might try mining on my east node for now, I'm running a test patch to p2pool to lower variance for smaller miners. (Your shares are worth less value but you find them more often, so payments are more steady. You don't make any more/less income though.) Pool link in my sig. (West node is not running test patch.)

US is a bit far from the EU, so better not do that
But this is what i'm seeing in my miner:


setup your own node, and payout issues will go away.  im assuming you have quite a bit of horsepower if your payouts are this large.  i was getting sporadic payments with 600kh/s.  setup my own node, and never had an issue again


This is the payout scheme for me btw:

setup your own node, and payout issues will go away.  im assuming you have quite a bit of horsepower if your payouts are this large.  i was getting sporadic payments with 600kh/s.  setup my own node, and never had an issue again

Do you have a good how-to?
I have 2 VPS's at my disposal, 1 windows, 1 linux

1. get a linux wallet
2. setup this p2pool - https://github.com/donSchoe/p2pool-vtc

if you are not familiar with compiling stuff in linux, try to run p2p in windows.  The link in 2 describes how.

[SnakeEater]

I sent VTC to cryptsy for 15 hours ago and it has 381 confirmations yet it hasnt even showed up as pending at cryptsy. Has anyone else experienced this?

Hi!

Deposits are credited after 1 confirmation, plus up to sixty seconds, at https://CryptX.io.

Is there anything else I can do or add that could win your business?

Hi CryptX.io - nice to see attentive customer service there - added you guys to the official vertcoin.org site.

Yes same here.  My Cryptsy took long time to show up as well.  Maybe there is a auto account freezed logic when you create support ticket.

[Lloydie]

This is a very early thought/concept: is it possible to setup "exchanges" connected to every Vtc pool? So, the pool will have a bunch of Vtcs sitting in reserves that everyone can see (avoiding mt gox transparency problems).

Miners can elect the percentage they wish to keep and the percentage they wish to make available on the exchange and what crypto they are willing to accept. The percentage made available would be sold by the pool and then paid to the miner in the crypto of their choice.

Over time, miners can also add bank details to accept dollars via the pool/exchange mechanism, to sell Vtc for fiat.

Just an idea. Feel free to point out obvious problems with this setup.  

[inqd]

Not sure why you guys are arguing..

More of everything is good for Vertcion.  More marketing, more memes, more gimmicks, more development, more tech, more blogs, more word of mouth, more viral marketing.

More, more, more.. let's fire on all cylinders!

In the classical sense, as debate, yes. It is healthy, I think. No need to pretend we are in Disneyland. Vertcoin has lots of potential, and we can uncover it by doing just this.

+1, I'd like to see it very professional, very trust worthy to associate with my website. Any that's actually read something like Niall Ferguson's book has to realize that scarcity, not the abundance of easily mined coined is what will sustain long term growth. Mining coins quickly is like printing too much money & causing inflation.