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

[Hardwyre]

Has anyone compiled the 0.5.3 vertminer for windows?  I'm still using the 0.5.2 from the website, but I wanted to play with the auto TC calculations the *.3 version is supposed to have been improved with.  

Does anyone have the link to the compiled windows 0.5.3 binary?

VertMiner 0.53 is already out: https://bitcointalk.org/index.php?topic=404364.msg4914748#msg4914748

Link from Bufius himself: https://www.dropbox.com/s/5n70hj3izjj64y1/vertminer-0.5.3.zip

Hope this helps .

Yes, yes it did sir!  +2 VTC to you!

Wow wasn't expecting that, thanks Hardwyre !

You're welcome!  I think creating a gifting community and a reward community will also help encourage growth.  Like whenever someone posts their address and asks nicely/courteously for a little aid, I try to send a coin randomly. 

[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.  

That is a VERY good idea. I like it a lot. But how could we make it secure?

This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.

Re: security.  I think something like localbitcoins could work at the pool level for reputation and number of trades.  The pool would hold the coins and act as mediator at the same time. It can decide to pay the miner or the buyer but not itself.

[jtpeters]

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.  

That is a VERY good idea. I like it a lot. But how could we make it secure?

This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.

Bitcoin holders would trade their BTC for VTC in droves. (That will be good for 3 weeks until a new decentralized exchange comes out for the new kid on the block.. no fun intended)

I think Vertcoin should be all about safety and security (in Maslow's chart). Although I have not done a scientific poll, my talks with people as to why they would not use Bitcoin has everything to do with security of their money.

Apologies if I'm pointing out something obvious:  One of the key strengths of Vertcoin compared to Btc, Ltc and Doge, in my view, is the decentralised pools in Vtc.  It would be good to use this natural competitive advantage to decentralise exchanges somehow.  It would really cement Vtc's position as a coin for ordinary people, where people trade with people and not big businesses (like ASIC companies and big exchanges).

Colored coins should allow this, but that's is 1-2+ years away. Vertcoin could be at a significant advantage by allowing (more or less) direct P2P altcurrency exchange NOW.

This is a wonderful idea. But ideas are a dime a dozen. 1) who is going to execute the idea; 2) when; 3) how. Once we figure out those 3 then we may have something. Other coins are reading this for sure, so if we are interested in doing something like this we have to be more organized and move quickly.

[feeleep]

Just opened new pool (vardiff, proportional, 0% fee)

https://www2.coinmine.pl/vtc/
Primary Node: mine1.coinmine.pl:6350

Second block found - BOUNTY: for user who will find 10th block I will pay 10 VTCs

We are very lucky (we are finding blocks with only 73% of expected shares!) so blocks are coming fast - 9 blocks so far and next block finder will receive 10 VTC!

Seems like it's been found ! Congrats to anonymous .

Indeed - transaction done:

http://explorer.vertcoin.org/tx/083aa49e064d63278bf2d245c771058521834a3c6e0ba40c6cedc0895f848779#o1

We are still lucky so I will extend bonus once again - user who will find block no. 20 will receive additional 10 VTC

feeleep

That is going fast (extreme luck recently) - only 5 blocks left for second 10 VTC bonus!

[jtpeters]

Having a VTC/USD exchange would be the best thing to do IMO. It will allow the public to buy VTC without first buying BTC, thus removing the fear/distrust of BTC in the process. It'll also allow people like me who are not mining fast enough to get more VTC easily .

I've happily engaged people on mining, some of them get it and some don't, never hurts to try . I don't think it makes sense to explain cryptocurrency to anyone without talking about mining. Where do the coins come from then? I've frequently used the concept of actual (gold/silver) mining to explain it and get a eureka moment.

The metaphor of gold mining is exactly what I use to describe it! It need not be exact, just "close enough" so that people get the general idea.

mining the currency using a desktop computer or more powerful computer = mining for gold using a pick axe or a big drilling rig
Increasing difficulty = going deeper into the mine
Pools = teams of miners
limited number of coins = the mine only goes so deep
trading with others = taking the gold out of the mine and exchanging it with someone else
etc

When they say that the digital coins have no inherent value, I tell them that neither does gold. People value it because others do (or it is somehow useful), so therefore it becomes valuable.

There was once a time when striking oil on your land made your land much less valuable. It was a curse. Simply because others did not value oil.

[jtpeters]

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.  

That is a VERY good idea. I like it a lot. But how could we make it secure?

This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.

Re: security.  I think something like localbitcoins could work at the pool level for reputation and number of trades.  The pool would hold the coins and act as mediator at the same time. It can decide to pay the miner or the buyer but not itself.

yeah, I wouldn't trust any pool. It has to be transparent and unbiased and with no financial interest in the coin itself other than as a medium for exchange. The coins would have to be held by this system, just like you suggested.

[becausePool]

Our Vertcoin pool is up and running
https://becausepool.com/vtc
0.5% Fee, Prop payout, Vardiff

[ieatm3s]

Guys, just want to remind you that we have another 1000VTC to raise for charity. Currently we are at ~400 and that is with 3 VERY generous 100 VTC donations. http://www.reddit.com/r/vertcoin/comments/1xjq8i/african_well_project_underfunded_due_to_drop_in/

[Shuxy]

Having a VTC/USD exchange would be the best thing to do IMO. It will allow the public to buy VTC without first buying BTC, thus removing the fear/distrust of BTC in the process. It'll also allow people like me who are not mining fast enough to get more VTC easily .

I've happily engaged people on mining, some of them get it and some don't, never hurts to try . I don't think it makes sense to explain cryptocurrency to anyone without talking about mining. Where do the coins come from then? I've frequently used the concept of actual (gold/silver) mining to explain it and get a eureka moment.

I'm pretty sure you just made it a easier for me to explain to others how mining works, I can't believe I haven't though of that example 

Nice ! Glad to be of help here haha. I guess it helps that I've some small investments in silver and gold as well so I can draw the analogy from there.

[muhhentuhhen]

moonishere.com Stratum Mining pool for VTC:

vert.moonishere.com

• Running on MPOS
• VARDIFF + STRATUM
• Prop. Payout System
• Minimum Auto-payout 0.1
• TXfee 0.001
• Fees 1%

Help us find our first block!

There will be a block finder bonus as soon as i can find some



VuD2BwMzybgihFyMqKweHbLLV4fapLS3eR

[odaxis]

Guys... Can we pick it up where worldcoin left? http://www.reddit.com/r/vertcoin/comments/1xjq8i/african_well_project_underfunded_due_to_drop_in/

Sent 5VTC

+1

We need lots more Vertans to donate VTC to this, even small amounts are worth doing!  We are in critical early stages of VTC, this will give us something to put in the press release, as well as being for a good cause.

+5

[FL123]

Having a VTC/USD exchange would be the best thing to do IMO. It will allow the public to buy VTC without first buying BTC, thus removing the fear/distrust of BTC in the process. It'll also allow people like me who are not mining fast enough to get more VTC easily .

I've happily engaged people on mining, some of them get it and some don't, never hurts to try . I don't think it makes sense to explain cryptocurrency to anyone without talking about mining. Where do the coins come from then? I've frequently used the concept of actual (gold/silver) mining to explain it and get a eureka moment.

I'm pretty sure you just made it a easier for me to explain to others how mining works, I can't believe I haven't though of that example 

Nice ! Glad to be of help here haha. I guess it helps that I've some small investments in silver and gold as well so I can draw the analogy from there.

I posted on reddit about the possibility of selling 40% of charity funding in the vertmarket with paypal.  It would be a nice first step on the VTC/USD transition.

[micryon]

Guys, just want to remind you that we have another 1000VTC to raise for charity. Currently we are at ~400 and that is with 3 VERY generous 100 VTC donations. http://www.reddit.com/r/vertcoin/comments/1xjq8i/african_well_project_underfunded_due_to_drop_in/

Count me in..


Guys donations are a great way to get media exposure.. you guys saw what the Bobsled charity effort did for DOGE..

Not only is this helping a people that are in need, you can also think of it as an investment in your value of VTC!

[ivanrebroff]

https://i.imgur.com/9QNAqFm.png

Come and join us at http://vtc.coinvention.net!
* Stratum for CPUMiner and GPUMining
* 0.5% fee
* We re constantly finding blocks and have a very low TX fee from 0.001 Manual/Automatic
* Guide for Mining with CUDA, VERTMINER, CPUMINER
* Every 15 min Payout Schedule
* Servers Located in Germany with Low Latency

freenode #coinvention
http://vtc.coinvention.net!

[Hardwyre]

I would also encourage the Vert community to take on the idea of being a gifting community similar to the Burning Man Principles. 

Give and share with the community for it's own betterment.  Contribute to charity projects, and fellow users alike.  If someone does something for you that you find helpful, reward that kindness.

Further more, randomly donate coin to folks who graciously ask.  I've been sending random addresses I've seen pop up now and then a coin or two here and there.

[dotnetmin]

What´s going on with http://coinmarketcap.com/
Down for a few days now

[twoez]

What´s going on with http://coinmarketcap.com/
Down for a few days now

Working fine here. Haven't had any downtime.

[securedform]

HERE IS MY ADDRESS I HAVE WITHDRAW VTC BUT AFTER 24 HOURS STILL I HAVE NOT RECEIVED MY MONEY.
VjtQDVtFwFZCNQfEPp6s9zcjvU54LLyhpQ   

[bwfighting]

hi, guys, i'm a noob to the VTC coin, i just wonder how many coins i can get mining 24 hours with my 700 kh/s 280x card, any suggestions?

[ahnonamis]

hi, guys, i'm a noob to the VTC coin, i just wonder how many coins i can get mining 24 hours with my 700 kh/s 280x card, any suggestions?

You'll get ~50% the hash rate you normally get on scrypt mining Vert. So assuming you had a hash of 350, that's around ~3 VTC/day currently.