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

[xorion]

need some help..
where do i create workers to mine for vertcoin?

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[micryon]

I have 10K+VTC. I do not care about the price. I just know - that Vertcoin will cost 50+$ next year.

Once ASICs really start hitting litecoin.. everyone will flock to VTC.. i've got the same mind as you...

[silencesilence]

I have 10K+VTC. I do not care about the price. I just know - that Vertcoin will cost 50+$ next year.

Once ASICs really start hitting litecoin.. everyone will flock to VTC.. i've got the same mind as you...

That may happen but at the moment there is a reasonable coins

now mining people that will not sell in the 1-2 years

I have to pay my electricity .... recently announced that it will rise the price of electricity - very sad 



so mining other coins and buy more VTC with the profits of other coins 

[andyatcrux]

LOL, I'm to am gonna use my ASIC to mine some crapcoins (well einsteinium isn't really crap) and buy some cheap VTC with the proceeds, how's that for irony?

[M-S-K]

I have 10K+VTC. I do not care about the price. I just know - that Vertcoin will cost 50+$ next year.

Thats a healthy stash sir. I definitely give a high recommendation to those who can to buy these cheap VTC, you won't regret it. It is extremely oversold/undervalued at this point and won't stay there for long. Easy money.

[andyatcrux]

$50 VTC would indeed be nice. Think it would need other alts to do well to reach that price or will it get there despite them?

[M-S-K]

$50 VTC would indeed be nice. Think it would need other alts to do well to reach that price or will it get there despite them?

The truth is majority of alts around now will not be around year from now. They are just clones with no real back-bone. Their trading volume will dry up, price drop and miners disappear. What I see happening is a major consolidation over next couple months from many of these useless alts into real alts like VTC. I think people are finally slowly figuring out what is what but it's going to take some more time before everyone gets smarter and able to see a true contender from fake pump/dump coins. As a professional in financial services industry, I give VTC a strong buy recommendation at these price levels. Even at $5/VTC it's still cheap. We'll see VTC within these levels in short matter of time because a lot of money will be rotating out of useless coins into real coins with future.

[gonzzo]

Haven't seen the price go up at all crying everytime I check coin market cap

Yep, that has been the case for me too since I bought in about a month ago.  As a matter of fact every coin I hold has only gone down after I buy in.   I t is a hard way to learn what the term bagholder means.

Yes, you are correct. There is 3 choices:

Hold steady.

sell at a loss, and move on

Buy more because you believe in VTC longterm

Do as you wish (do research), but to me the 3rd option is the most practical. We are involved in a crazy industry, unregulated and full of nonsense. Yet it is full of potential, and VTC is is one of the few that has merit going forward.

All the best mate, your own research/gut feeling always will always be the most important.

hahaha, how true sometimes pure nonsense
i think i will buy another 250vtc. price is alluring, can not resist ....

[mega]

$50 VTC would indeed be nice. Think it would need other alts to do well to reach that price or will it get there despite them?

The truth is majority of alts around now will not be around year from now. They are just clones with no real back-bone. Their trading volume will dry up, price drop and miners disappear. What I see happening is a major consolidation over next couple months from many of these useless alts into real alts like VTC. I think people are finally slowly figuring out what is what but it's going to take some more time before everyone gets smarter and able to see a true contender from fake pump/dump coins. As a professional in financial services industry, I give VTC a strong buy recommendation at these price levels. Even at $5/VTC it's still cheap. We'll see VTC within these levels in short matter of time because a lot of money will be rotating out of useless coins into real coins with future.

+1

[depboy]

Switched to p2pool for 30 hours, got >30% less than through regular pool.
Mined with 16Mh power...
Added +0.018288639 to the end of username
Got 70 VTC

Am I doing something wrong?

Hi.

I don't think you are doing anything wrong. The thing is, as far as I understand it, P2Pool's payouts are sometimes more delayed. I use P2Pool and believe me, I don't want anything else. I'll suggest that you do the math so you can know how much coins you should receive (In case of VTC the math is hashrate power/current difficulty). If you're receiving the correct amount of coins per day, everything is good and you shouldn't  be worried.

mega

I noticed that some of my rigs show 80% rejection rate... What's strange is that identical rigs with same hardware and miner settings show 5% rejection...
Do I need to change settings for p2pool mining?

Thanks.

That 80% reject rate is probably the big reason why earnings fell short of expectations.

I've been mining p2pool for a few days now with my 4.5Mh. I mined 32 coins yesterday and 30 so far today.

I must say I tried 2 or 3 different nodes before I found one that consistently yielded <5% rejects. Strangely the one I settled on was neither geographically closest or the absolute lowest latency. I live in the UK and my node is in the Netherlands.

Reasons to persevere with p2pool:

1. Bigger pool = lowest variance.
2. Average reject rate for the pool floats around the 15% mark. So if you can keep your reject rate well below this, you stand to gain a slighly larger share than your hashrate would otherwise warrant.
3.  0.25VTC block finder bonus and transaction fees also sweeten the pot. Not to mention the fact that you can typically expect to pay 0.5% fee to the node. The node i use is actually 0%. Compares favouably to some traditional pools that charge 2%.
4. Payouts direct to your wallet every time a block gets found. No risk of losing coins if your pool account gets hacked.
5. No downtime. If you list more than one node in your .conf file, downtime will be a thing of the past. Don't even need a backup pool.
6. Of course the above reasons are just the selfish, short sighted reasons. The bigger and better reason to use p2p is to secure the network.

All of the above add up to making p2pool mining pretty much a no brainer for me. Even though the price and difficulty have consprired to make VTC much less profitable to mine lately, I would only jump ship if there was a significantly more profitable coin to mine (I'm talking multiples higher.)

[M-S-K]

For those that are serious and if you are diligent and fast, then do your DD (Due Diligence), VTC outshines 98% of alts. This is game of patience currently as buying pressure builds up over coming weeks. Do your DD. Buy VTC early (NOW) and watch price go parabolic when the crowd arrives after they "DISCOVER" it. You guys are in right now, watch where you'll be few weeks from now you won't believe it. This is how I've paid off my mortgage from coins. True contender + early discovery = serious profit.
Enjoy the ride 

[Pelok66]

Update 2014.03.08

VTC / Vertcoin   517 votes
Advantage: Scrypt-Adaptive-Nfactor
QQ Group: 1 Group(907 members)
Exchange & Volume: bter.com 20 BTC   cryptyy.com 72.0 BTC
Official: http://vertcoin.org/

NXT   464
C2 / Coin2   436
SmartCoin   151
Execoin   144

I'll learn them recently.

[mfedorov]

Switched to p2pool for 30 hours, got >30% less than through regular pool.
Mined with 16Mh power...
Added +0.018288639 to the end of username
Got 70 VTC

Am I doing something wrong?

Hi.

I don't think you are doing anything wrong. The thing is, as far as I understand it, P2Pool's payouts are sometimes more delayed. I use P2Pool and believe me, I don't want anything else. I'll suggest that you do the math so you can know how much coins you should receive (In case of VTC the math is hashrate power/current difficulty). If you're receiving the correct amount of coins per day, everything is good and you shouldn't  be worried.

mega

I noticed that some of my rigs show 80% rejection rate... What's strange is that identical rigs with same hardware and miner settings show 5% rejection...
Do I need to change settings for p2pool mining?

Thanks.

That 80% reject rate is probably the big reason why earnings fell short of expectations.

I've been mining p2pool for a few days now with my 4.5Mh. I mined 32 coins yesterday and 30 so far today.

I must say I tried 2 or 3 different nodes before I found one that consistently yielded <5% rejects. Strangely the one I settled on was neither geographically closest or the absolute lowest latency. I live in the UK and my node is in the Netherlands.

Reasons to persevere with p2pool:

1. Bigger pool = lowest variance.
2. Average reject rate for the pool floats around the 15% mark. So if you can keep your reject rate well below this, you stand to gain a slighly larger share than your hashrate would otherwise warrant.
3.  0.25VTC block finder bonus and transaction fees also sweeten the pot. Not to mention the fact that you can typically expect to pay 0.5% fee to the node. The node i use is actually 0%. Compares favouably to some traditional pools that charge 2%.
4. Payouts direct to your wallet every time a block gets found. No risk of losing coins if your pool account gets hacked.
5. No downtime. If you list more than one node in your .conf file, downtime will be a thing of the past. Don't even need a backup pool.
6. Of course the above reasons are just the selfish, short sighted reasons. The bigger and better reason to use p2p is to secure the network.

All of the above add up to making p2pool mining pretty much a no brainer for me. Even though the price and difficulty have consprired to make VTC much less profitable to mine lately, I would only jump ship if there was a significantly more profitable coin to mine (I'm talking multiples higher.)

I am simply so fed up switching to shit coins, even though it is easy for me now with CG Remote software that I am with VTC since I believe in it, even got a t-shirt, lol.
Looks like my pool is just unlucky with 87% efficiency now

[depboy]

I am simply so fed up switching to shit coins, even though it is easy for me now with CG Remote software that I am with VTC since I believe in it, even got a t-shirt, lol.
Looks like my pool is just unlucky with 87% efficiency now

Agree 1000%. Been there, done that. Biggest beginner lesson I ever learnt was that "profitability" of a shitcoin is so often illusory. By the time you move your mined coins to an exchange, more often than not you find you've been beaten to the punch by other dumpers and the price that you based profitability calculations on is long gone. Profitability simply evaporates.

[bengtåke]

Let's try to enjoy the cheap coins while they are still cheap

[mfedorov]

Let's try to enjoy the cheap coins while they are still cheap

Well, now, since I bought at 0.0021, it will go down more

[Mogg]

What is DOA stat? (its near local rate, P2Pool)

[bengtåke]

What is DOA stat? (its near local rate, P2Pool)

There are two reported kinds of stales in P2Pool: "DEAD ON ARRIVAL" shares and orphan shares. Dead shares were too old by the time they arrived at your local P2Pool. Very high dead rates can indicate miner misconfiguration. Orphan shares are shares which were not extended by the rest of the P2Pool network, because some other miner's share was accepted first. Very high orphan rates may indicate network connectivity problems.

https://en.bitcoin.it/wiki/P2Pool#Stales

[tolguen]

Yoohoohoo,

find today's web & communications report here: http://de.scribd.com/doc/211292110/Report-Vertcoin-20140307

Thanks for reading and tipping me:
VTC: VotAKLDKZDtFGcT5UAY1A3YjNNC8BLCfaz
BTC: 1EpUm3MoLgF7bFHqAXxJnCR4bQ174DQx86

[turtoro]

Yoohoohoo,

find today's web & communications report here: http://de.scribd.com/doc/211292110/Report-Vertcoin-20140307

Thanks for reading and tipping me:
VTC: VotAKLDKZDtFGcT5UAY1A3YjNNC8BLCfaz
BTC: 1EpUm3MoLgF7bFHqAXxJnCR4bQ174DQx86

keep this up. Vtc tip sent