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

[Alakazam2000]

Vertcoin is soo tricky to set up. I'm only getting 180 Kkash on 7950 and 250 Khash on 7970 on basic settings. Any advanced options and that modified cgminer keeps crashing or HW erorrs occure.

It's normal, you get half your normal hash rate

[Fastpow]

Honest question time gang.

Why would someone ever "keep the price down" for any coin, by dumping it?  

Doesn't that mean they *own a lot of that coin* in order to be able to dump it?  

Why would they benefit from this when they can just wait till it rises as high as it can and *then* dump it?  

Doesn't it make a lot more sense to assume that this "VTC hater"  is not being irrational and evil, but is just one of the early bigger VTC miners or else someone who bought a boatload of it at 10 Satoshi or whatever, and is now milking all the people in the market for easy and huge profit?

I don't think there needs to be a conspiracy to explain this, just plain old profit taking off the lower levels of the pyramid.  

Regardless, they can't have an infinite supply of it.  They'll sell out of their stash sooner or later and then it might move again, if people haven't lost interest in VTC by then.

Nope, you are wrong here, now i'm typing this on my ipad so i'll keep it short.

They are keeping the price low by trading very small amounts of vtc with themselves and they keep going a little lower every time they do it. When they decide enough people are panicking and panick-selling they will buy up all the cheap VTC. when they do this everyone sees the price is going up again and they'll just go with the flow and start pumping it again. Then when the people that bought the vtc when it was cheap enough to them will just wait untill the price is high enough again, (10-30% profit) and then just sell it all again, making the price drop again.

They'll just keep repeating this process for easy profit.

It's called market manipulation and is illegal in normal stock/fiat markets.

[mikeymillie]

Honest question time gang.

Why would someone ever "keep the price down" for any coin, by dumping it?  

Doesn't that mean they *own a lot of that coin* in order to be able to dump it?  

Why would they benefit from this when they can just wait till it rises as high as it can and *then* dump it?  

Doesn't it make a lot more sense to assume that this "VTC hater"  is not being irrational and evil, but is just one of the early bigger VTC miners or else someone who bought a boatload of it at 10 Satoshi or whatever, and is now milking all the people in the market for easy and huge profit?

I don't think there needs to be a conspiracy to explain this, just plain old profit taking off the lower levels of the pyramid.  

Regardless, they can't have an infinite supply of it.  They'll sell out of their stash sooner or later and then it might move again, if people haven't lost interest in VTC by then.

Nope, you are wrong here, now i'm typing this on my ipad so i'll keep it short.

They are keeping the price low by trading very small amounts of vtc with themselves and they keep going a little lower every time they do it. When they decide enough people are panicking and panick-selling they will buy up all the cheap VTC. when they do this everyone sees the price is going up again and they'll just go with the flow and start pumping it again. Then when the people that bought the vtc when it was cheap enough to them will just wait untill the price is high enough again, (10-30% profit) and then just sell it all again, making the price drop again.

They'll just keep repeating this process for easy profit.

It's called market manipulation and is illegal in normal stock/fiat markets.

Why can't everyone use the same strategy and neutralize this then?   Also (I dont use Cryptsy so I don't know how they charge) doesn't selling to oneself cost trading fees?

[dotnetmin]

better to trade on coinedup than cryptsy. cryptsy sucks

Agreed.  Just seems like cryptsy is the one heavily controlling the price of VTC at the moment.

cryptsy seems wants throw down VTC to hell. I repeatedly noticed wall for sale in 30 btc in any attempt to growth
and cryptsy have problems with deposit VTC. Still a feeling that the deposits comes one huge pile and sell all at one time

Its each day the same, they collect all deposit for 12 to 24 hours and then they release them all at once.
I follow this now for 4 days, each day the same game.
I send always small amounts of coins to see when the come in my cryptsy account, Short after the come to my account prices goes down.

just a dirty f*cking game cryptsy

i think next incomming sell wave becaus once off all release in 6-8 hours by cryptsy

you're right

To all of the above.  STOP TRADING THERE.

Seriously why you trade there and then complain here? Four days you watch this? There are a half dozen options for trading VTC, none of them sit on your deposits for a day, most not but a few minutes, so pick up your marbles and split.

I do not trade there

I also do not trade there but i watch what is going on. You can´t ignore cryptsy is setting the price of VTC. All other exchanges only follow cryptsy.

New incoming sell wave at cryptsy. Deposits all again at once

[dotnetmin]

If i see all these sellwalls at cryptsy and the lot´s of selling orders on coinedup for me it looks
like the same will happen as RPC, steady price going down until it´ll be there from where it came - 0.00040000 BTC

As so often - only burned BTC

[Alakazam2000]

F**k Cryptsy, really.

[WutriCoin]

Azure Vertcoin Pool - DDOS reisistant P2Pool Node http://cryptopool.cloudapp.net:9171/ No registration - No minimal payout!

To connect to this P2Pool node simply point your miner at: URL: stratum+tcp://cryptopool.cloudapp.net:9171 Username: Your vertcoin address Password: Anything

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

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

[uranian]

Just giving a shoutout to http://vtc.crypto-pool.fr/. It's a good stable pool that's small at the moment but I've had consistent payouts and it hasn't gone down on me before . And it's small (I know, repeating), so it helps to spread the hashrate.

I spent 12 hours mining on this pool and saw no payouts...from the calc, I should be looking at around 2 VTC/day, rather than zero. Nothing unconfirmed, nothing confirmed, have other people been getting more regular payouts from other pools?

[bengtåke]

P2Pool Update

We intend to update the network information for p2pool in our official repo, its just a change in networks.py. The update with that should show up sometime before the seed nodes upgrade, or you can just get it from the pull request, but the network wont be live until the listed date. This involves a change to how long a share is valid, currently a share is only valid for 3 blocks. This setting was borrowed from Litecoin, and it has proven to be too low for us. It will be adjusted to 12 with this update, that should hopefully improve the p2pool experience for people with low hashrates. As every worker's share will now be valid for a longer period.

This update requires a hard fork of the network, which means we will have two p2pool networks running in parallell for some time while everyone interested updates to the newer version. Don't panic, it won't be like hardforking a wallet, no paid coins will go invalid. It just means that to benefit from this update you need to upgrade to the new settings. It might also mean that blocks will come a little slower for a while if not everyone comes along with the update (as we will split into two). The point of this pre-announcement is to mitigate that. Also moving to this new network means that the we'll get a new sharechain, a.k.a. any shares from the old network won't transfer over.

The p2pool scanner and all the seed nodes will be upgraded to this version on 13th february at 22.00 GMT. Any node left on the old network will continue operating as normal, but will not show up in the scanner until upgraded.

Hopefully people will catch on fast and update.

Note: The best way fora miner with a low hashrate to mine on p2pool is still to run your own node with only you on it, because work difficulty is based on the entire node's hashrate (this might be changed to a per worker difficulty in a future update, but that change requires more testing first). You should be paid the same in both instances over time, but variance will be higher if on a public node. Remember that p2pool is distributed pool, all work on every node is equally valid (as long as it's not orphaned or dead-on-arrival).

[jorginto]

Is that correct:

(20,12*coins per block*my hashrate)/diff = amount per 24H?

[bitluryz]

People manipulating market in order to dump VTC price on Cryptsy... and buy cheap.

You have to Open a ticket if you want see VTC amount deposit on Cryptsy.

Big fish are coming back @VTC mining now that Maxcoin is less profitable.


So, PUMP inc soon ?

[QQCOIN2014]

https://i.imgur.com/YCVSKdF.jpg

[tabjohn]

Is that correct:

(20,12*coins per block*my hashrate)/diff = amount per 24H?

No, in case of Vertcoin it is just your_hashrate/diff = amount VTC per 24h.

[27pttp]

VterDxSQhHfkbtojoqVKqSEiXh7f24fxPv

and the last one :=)

thanks

[Hardwyre]

It is going to be amazing this time next year what Vert will be going for.  I'm going to probably be able to pay off my house.

[dotnetmin]

It is going to be amazing this time next year what Vert will be going for.  I'm going to probably be able to pay off my house.

Dremead this dream also with going into LTC @ 6US$ and later with 28 US$. - Forget it - at the end it will be a big lost

[bengtåke]

Is that correct:

(20,12*coins per block*my hashrate)/diff = amount per 24H?

(50*86400*hashrate_in_hashpersec)/(diff*2^32) = amount per 24h

[techstorm2]

Ive been mining for a couple of days on this using CPU and GPU, tried various pools, currently on stratum+tcp://cryptopool.cloudapp.net:9171   in my cgminer im showing 25000 accepted shares but not had any coins hit my wallet sine 10th feb, anyone know what im doing wrong?

 

[BorisTheSpider]

THe prophets of doom will get it wrong, they always do. Probably the best thing you can do is stop watching the chart fore a few days and let old bitty get back on her feet again. Vert had some bad timing with the Gox thing unraveling just as the steam was picking up. Such are markets, those who reap the rewards are those who take the risk. If all it was ever going to do was rise that wouldn't be very risky now would it.

Or, as someone who did rather well once said, the time to buy is when there is blood on the streets.

[SnakeEater]

Just giving a shoutout to http://vtc.crypto-pool.fr/. It's a good stable pool that's small at the moment but I've had consistent payouts and it hasn't gone down on me before . And it's small (I know, repeating), so it helps to spread the hashrate.

I spent 12 hours mining on this pool and saw no payouts...from the calc, I should be looking at around 2 VTC/day, rather than zero. Nothing unconfirmed, nothing confirmed, have other people been getting more regular payouts from other pools?

I wasted 3 times trying 3 different P2Pool 12 hours each and get zero payout as well.  The P2Pool is not more liable than the traditional pool unless the client design is changed.

Not all traditional pool is risk free and the same thing also happen to traditional pool as I encounter 10% of time pool scam and lower than expected payout, server down, missing transactions as well.  I can get max calculated 70% payout as i believe the real network hashrate is only a guessing work.