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

[naplam]

While p2pool gets fixed, adn for miners who don't like p2pool I've set up a normal pool:
http://vtc.crunchpool.com
ZERO FEES for life for those who help us mine our first block. and zero fees for the first few blocks for everyone.
Come mine with us!

[1714222928]

1714222928

[nasone32]

and they were planning another pump on vertcoin... and someone ruined it with a huge sell wall! AHAHA

[lemfuture]

pos/pow? or both? 

[deky_]

Just donated to press release project on vertcoinmarket.com, almost there guys, just a few more coins

[Stephen304]

Hey guys, I made a new MPOS pool if you want to help get it off the ground! 1% fee, which will be reduced as the pool grows, and proportional pay:

http://vtc.stephen3.com/

[aleks648]

Vtc.Kilovolt.co.uk is back and running on high voltage!  Trusted pool run by Aleks_N.

Traditional pool available for VTC, running vardiff and prop payout.

MPOS pool: http://vtc.kilovolt.co.uk




We are back and running at 0% fees to bring users back.  We are smashing through blocks again!!

Find me on the #vertcoin IRC channel on freenode.  Username Aleks_N.

[bearsworth]

Hey guys, I can't seem to get my wallet to sync fully. I've tried adding nodes and it still stuck always with 3 days or 4 days. If someone has found a fix, please help me, thanks. 1 VTC reward to the person who figures it out.

[rsx19]

Hey guys, I can't seem to get my wallet to sync fully. I've tried adding nodes and it still stuck always with 3 days or 4 days. If someone has found a fix, please help me, thanks. 1 VTC reward to the person who figures it out.

you can try redownloading everything

[Nmonic]

CoinWarz now lists Vertcoin to their list of crypto currencies:  www.coinwarz.com/cryptocurrency/coins/vertcoin

Note that this is not the mining profitability chart, but a good step forward.

[Jeezy911]

I feel like this is the time to get out of Doge, no pun intended. You guys think vert is low at 3.50? Feels like a smart move.

[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.

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)

With regards to Lloydie's suggestions, I think multipool.us already offers something approximating this arrangement - you mine, choosing what coin, then later you can convert it into BTC.

However, it's a massive leap to go from running a pool like this, to running an exchange for fiat. Any time you interact with fiat, by nature, you're playing it by their rules, and that means regulations and paperwork - most pools (especially the smaller ones of which Vertcoin has correctly encouraged a plurality so far) won't be interested in taking on, or capable of handling, the hassles associated. "Decentralizing exchange to fiat" is much easier said than done; you can't code your way out of this, because what's stopping it isn't a computer problem, it's a regulatory one.

Alc raised some great points. I think one of the key weaknesseses in bitcoin is the large regulated exchanges. For example, Bitinstant chose to be registered as a money transmission business. Therefore, AML and KYC rules applied to Charlie. However, at the other end of the spectrum, localbitcoin traders are completely unregistered. Why? Because they are too small and there are too many.

Now just use the same logical process with vertcoin pools being the mediators and the miners selling bitcoins like localbitcoins. It will be virtually impossible to regulate. There will be too many people in the world GPU mining, selling and buying vertcoins.

It will be what bitcoin was meant to be before big business took over. 

Now the first step is to enable miners to sell some of their vertcoins for other cryptos...

There will be quite a lot of coins in profits for the first person who manages to link mined vertcoins at a pool directly with a vertcoin market.  Just think the amount that could be made via fees on coin sales alone.

After that, it's a small step to allow non-miners to deposit crypto coins at each pool to buy and sell Vertcoins with other cryptos.

Vertcoins could be the backbone of the exchange mechanism in crypto world, with decentralised mining, decentralised pools and decentralised exchanges.  It would be a regulator's nightmare to regulate.

[naplam]

CoinWarz now lists Vertcoin to their list of crypto currencies:  www.coinwarz.com/cryptocurrency/coins/vertcoin

Note that this is not the mining profitability chart, but a good step forward.

Yeah, it's getting more and more attention by the minute

[steve_abel]

https://vertcoinheavyindustries.com/external/vhi_ad.png

Hope no one minds me advertising https://vertcoinheavyindustries.com. I've tried to keep the ad short since some of the other longer ads are annoying to scroll past.

Either way I think it is pretty insane and awesome how large Vertcoin has become. Back when I joined the largest miner was CryptoHash at 10MH/s and he had about 5% of the network hash rate. Now the network hash rate has grown so much the entire heavy industries pool is 5%!

[bearsworth]

would i just have to copy my wallet.dat file and thats it? thanks.

[lagur]

What's the advantage of mining vtc in lower pool?

[dedicatedpoolcom]

What's the advantage of mining vtc in lower pool?

THIS

https://i.imgur.com/ktEmOE6.png

Nobody from my pool is going to tell you about the best kept secret because they are greedy and want all the coins for themselves.

But just look at those block percentages!!

http://dedicatedpool.com/images/logo.png

VTC.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

• Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
• Full 24/7 support available at admin@dedicatedpool.com
• Mine uninterrupted - dedicated servers w/redundancy, DDoS protection.
• Trustworthy admins who care about your experience and mining.

[rsx19]

What's the advantage of mining vtc in lower pool?

THIS

Nobody from my pool is going to tell you about the best kept secret because they are greedy and want all the coins for themselves.

But just look at those block percentages!!



VTC.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

• Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
• Full 24/7 support available at admin@dedicatedpool.com
• Mine uninterrupted - dedicated servers w/redundancy, DDoS protection.
• Trustworthy admins who care about your experience and mining.

but 2% fee and your widthdrawl rate is high  

[matt4054]

What is the limit of connections per IP address on your pool?

[deky_]

Hope no one minds me advertising https://vertcoinheavyindustries.com. I've tried to keep the ad short since some of the other longer ads are annoying to scroll past.

Either way I think it is pretty insane and awesome how large Vertcoin has become. Back when I joined the largest miner was CryptoHash at 10MH/s and he had about 5% of the network hash rate. Now the network hash rate has grown so much the entire heavy industries pool is 5%!

Very happy with this pool, been with them since the very beginning.

[XTR]

Man someone is on a mission to drop the price of VTC on cryptsy.  The trade history is all over the place.