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

[kadger]

Hi all. Love the coin.

Just came across this, thought you'd like to know, supports VTC:

https://bithold.eu/

It's an escrow service.

Nothing to do with me, just found it.

[1714623147]

1714623147

[aleks648]

One of VTCs oldest pools, http://VTC.KILOVOLT.CO.UK is now back on new servers!

*High End Dedicated Servers
*Fully Redundant, Fault-Tolerant Architecture
*Automatic Backup of Wallets and Databases
*Technical Support from Experienced Coin Devs and Pool Owners (Aleks_N from Team VTC Dev)

*Mining here supports the development of VTC.  25% of pool profits go to fund the ongoing dev of VTC.

Please send some hash back our way.

Look forward to seeing you all soon!

Aleks_N

[Lloydie]

Anonymity is important to people. I was disappointed the devs backtracked on their promise to implement zerocash. IMHO, Darkcoin is doing well and is ASIC resistant, plus mines much cooler. I hope drk considers zerocash protocol.

[turtoro]

Anonymity is important to people. I was disappointed the devs backtracked on their promise to implement zerocash. IMHO, Darkcoin is doing well and is ASIC resistant, plus mines much cooler. I hope drk considers zerocash protocol.

Full anonymity=scare mainstream

smart anonymity (ie vert and stealth wallets)= mass adoption.   

[JohnnyDaMitch]

Hi everyone!


Hear you someone about GridSeed ?
New asic miner for scrypt 350kh/s only 7W!

Can this ASIC mine vertcoin (n-scrypt) ?
Thanks for info!

No, it can't. That's kind of the whole point.

[leckey]

Hi everyone!


Hear you someone about GridSeed ?
New asic miner for scrypt 350kh/s only 7W!

Can this ASIC mine vertcoin (n-scrypt) ?
Thanks for info!

Have you even read anything about Vertcoin? Check the thread title, it'll answer your question

[mega]

Vertcoin IS the future!
I mean, its no way around! When ASIC's start to really kick in on scrypts, VTC will really kick on makrketcap.
As I said before. I'm NOT another older. I'm a believer!

[hammerbrain]

It's true. People are already dumping whole farms to avoid the glut. Getting some nice deals on fleabay. 

[dolphinss]

Hi everyone!


Hear you someone about GridSeed ?
New asic miner for scrypt 350kh/s only 7W!

Can this ASIC mine vertcoin (n-scrypt) ?
Thanks for info!

Have you even read anything about Vertcoin? Check the thread title, it'll answer your question

Nothing beats having independent confirmation from those that have the ASIC...

[BorisTheSpider]

Dev's (Boris), can you please update that VTC has been added to https://bittylicious.com/ on https://vertcoin.org/ ?

Thanks for the reminder (I'm going to be using Bitty myself for VTC) - I'll add it right away.

Thanks Boris! Also, do you mind sharing some info behind the scenes for us? What is cooking in there? What happened to our promo video? It was supposed to go out by now if I'm not mistaken. And another thing, remember those weekly dev updates that we mentioned some time ago, any progress on that?

Thanks

Hi Deky,

Sorry for the lack of updates. I did spend a couple of hours just now (after seeing your post) trying to get blog.vertcoin.org up but I think Bushido has accidentally cloudflared it and there's an issue with the SSL certificate (the blog doesn't have on, the main site does) which is preventing it loading properly, so I'll aim to get it up ASAP for regular updates (I just emailed Bushido to ask him to fix the cloudflare issue) but give you an update here now.

The animation, I saw a sample of recently, and it looks really good. I expect Webbs might even have tried to contact me about it, but I've been unavailable for a couple of days - I'm sure you'll see that soon.

Tech wise, we've been really busy with a couple of things. Bengtake has been implementing cold-wallets in the GUI client (so you can track your VTC savings, while keeping them safely in cold storage, but viewing the balances in the live wallet) - I need to get a progress update from him, and I know he needed me to help debug/test some stuff last time I spoke to him.

We've also been really busy working on a vulnerability in the difficulty adjustment algorithm. The vulnerability seems mild(ish) as vulnerabilities go - it seems to permit a 51% attacker to do something extra that they shouldn't be able to do (change the difficulty) - there's an interesting thread at https://bitcointalk.org/index.php?topic=504103.0 with some discussion about it. We've got several solutions under consideration and have been meeting regularly about this the last few days.

Promotion wise, I've seen a lot of activity with some Chinese marketers and investors that have been in contact with several members of the team, but I don't know the fine details right now. Also, I keep hearing from Joe about the conference in NY, and am supposed to be talking to him about that today or tomorrow.

Again, sorry for the delay in getting the weekly updates started - I take full reponsibility for it, and I'll make sure we get blog.vertcoin.org online soon and start updating regularly so you can get an insight into what's going on behind the scenes.

[activecoin]

So what happens when the vertcoin developers offend someone and drive away all the hash power in 5 years? Pro Asic here and I am just wondering why it is better to go without millions of dollars investment in hardware going towards your blockchain security? Makes no sense to me! If Bitcoin did not have Asic mining then you would have seen alot more people with "Goxxed" written on there walletts.

[deky_]

Dev's (Boris), can you please update that VTC has been added to https://bittylicious.com/ on https://vertcoin.org/ ?

Thanks for the reminder (I'm going to be using Bitty myself for VTC) - I'll add it right away.

Thanks Boris! Also, do you mind sharing some info behind the scenes for us? What is cooking in there? What happened to our promo video? It was supposed to go out by now if I'm not mistaken. And another thing, remember those weekly dev updates that we mentioned some time ago, any progress on that?

Thanks

Hi Deky,

Sorry for the lack of updates. I did spend a couple of hours just now (after seeing your post) trying to get blog.vertcoin.org up but I think Bushido has accidentally cloudflared it and there's an issue with the SSL certificate (the blog doesn't have on, the main site does) which is preventing it loading properly, so I'll aim to get it up ASAP for regular updates (I just emailed Bushido to ask him to fix the cloudflare issue) but give you an update here now.

The animation, I saw a sample of recently, and it looks really good. I expect Webbs might even have tried to contact me about it, but I've been unavailable for a couple of days - I'm sure you'll see that soon.

Tech wise, we've been really busy with a couple of things. Bengtake has been implementing cold-wallets in the GUI client (so you can track your VTC savings, while keeping them safely in cold storage, but viewing the balances in the live wallet) - I need to get a progress update from him, and I know he needed me to help debug/test some stuff last time I spoke to him.

We've also been really busy working on a vulnerability in the difficulty adjustment algorithm. The vulnerability seems mild(ish) as vulnerabilities go - it seems to permit a 51% attacker to do something extra that they shouldn't be able to do (change the difficulty) - there's an interesting thread at https://bitcointalk.org/index.php?topic=504103.0 with some discussion about it. We've got several solutions under consideration and have been meeting regularly about this the last few days.

Promotion wise, I've seen a lot of activity with some Chinese marketers and investors that have been in contact with several members of the team, but I don't know the fine details right now. Also, I keep hearing from Joe about the conference in NY, and am supposed to be talking to him about that today or tomorrow.

Again, sorry for the delay in getting the weekly updates started - I take full reponsibility for it, and I'll make sure we get blog.vertcoin.org online soon and start updating regularly so you can get an insight into what's going on behind the scenes.

Boris, thanks a lot for the update, much appreciated. So to summarize:

1. We will have blog.vertcoin.org soon where we can check the latest developments
2. Animation - probably almost done, follow up with Webbs
3. Cold-wallet in the GUI client coming up soon - testing/debug phase in progress
4. Vulnerability in difficulty adjustment algorithm found - looking into it
5. Upcoming NY conference

That's quite a few things in the pipeline  

[BorisTheSpider]

Pro Asic here and I am just wondering why it is better to go without millions of dollars investment in hardware going towards your blockchain security? Makes no sense to me!

Well, I've always been open to the "ASICs secure the network" argument (or rather, open to the idea that I am wrong and other people are right), however I think https://blockchain.info/pools shows that ASIC mining is scalable in a way GPU mining really isn't (in fact, that pie chart looked uglier last time I looked, so well done BTC for spreading the hashrate around a bit) and that this leads to more centralisation of hashrate. I think it's probably still to early to say conclusively what impact ASICs will have (or cryptocurrencies as a whole - we're still in the complete infancy stage here, even with BTC).

I also think it's entirely possible that there's a good future for both networks that welcome ASICs and those that actively resist them as we do. Either way, we're all on the same side vs. fiat currencies, central banks and their orbiters, so long live BTC long live VTC.

[activecoin]

Pro Asic here and I am just wondering why it is better to go without millions of dollars investment in hardware going towards your blockchain security? Makes no sense to me!

Well, I've always been open to the "ASICs secure the network" argument (or rather, open to the idea that I am wrong and other people are right), however I think https://blockchain.info/pools shows that ASIC mining is scalable in a way GPU mining really isn't (in fact, that pie chart looked uglier last time I looked, so well done BTC for spreading the hashrate around a bit) and that this leads to more centralisation of hashrate. I think it's probably still to early to say conclusively what impact ASICs will have (or cryptocurrencies as a whole - we're still in the complete infancy stage here, even with BTC).

I also think it's entirely possible that there's a good future for both networks that welcome ASICs and those that actively resist them as we do. Either way, we're all on the same side vs. fiat currencies, central banks and their orbiters, so long live BTC long live VTC.

+1 well said, IMO the developers of the chips need to be recognized for the part they have played in bringing BTC into the light, they too started against centralized fiat, a pool will never actually be centralized as its made up of many many pieces, i too think there is a place for both network's, thanx for the reply.

[Bionic345]

Pro Asic here and I am just wondering why it is better to go without millions of dollars investment in hardware going towards your blockchain security? Makes no sense to me!

Well, I've always been open to the "ASICs secure the network" argument (or rather, open to the idea that I am wrong and other people are right), however I think https://blockchain.info/pools shows that ASIC mining is scalable in a way GPU mining really isn't (in fact, that pie chart looked uglier last time I looked, so well done BTC for spreading the hashrate around a bit) and that this leads to more centralisation of hashrate. I think it's probably still to early to say conclusively what impact ASICs will have (or cryptocurrencies as a whole - we're still in the complete infancy stage here, even with BTC).

I also think it's entirely possible that there's a good future for both networks that welcome ASICs and those that actively resist them as we do. Either way, we're all on the same side vs. fiat currencies, central banks and their orbiters, so long live BTC long live VTC.

+1 well said, IMO the developers of the chips need to be recognized for the part they have played in bringing BTC into the light, they too started against centralized fiat, a pool will never actually be centralized as its made up of many many pieces, i too think there is a place for both network's, thanx for the reply.

The ASICs market is controlled by a hand full of chip development companies, the idea of saving power is indeed not the issue here. The real problem is that the market is controlled my those companies and their fucked up PRE order systems and prices which are sky high. That is not what Bitcoin was meant to be created for. That's far from decentralized and even further away from the idea not to have anyone control the market. I pay way to much for power and I might have to switch off my miner soon if mining scrypt goes down further the pit hole, but I rather give up mining than supporting companies which put you on a queue and letting you pay thousands of $ just to give you  the product you ordered at a time when it's outdated already. I liked the idea of ASICs until I realized how much it ruins the market...

[Mogg]

Which build of vertminer would perform best on 2 hd 6870s? 0.5.2, 0.5.3 or 0.5.4?

[aleks648]

One of VTCs oldest pools, http://VTC.KILOVOLT.CO.UK is now back on new servers!

*High End Dedicated Servers
*Fully Redundant, Fault-Tolerant Architecture
*Automatic Backup of Wallets and Databases
*Technical Support from Experienced Coin Devs and Pool Owners (Aleks_N from Team VTC Dev)

*Mining here supports the development of VTC.  25% of pool profits go to fund the ongoing dev of VTC.

Please send some hash back our way.

Look forward to seeing you all soon!

Aleks_N

[deky_]

I don't know if anyone saw this, but if you haven't, enjoy:

http://www.cryptocoinsnews.com/2014/03/08/vertcoin-active-coin/

[BorisTheSpider]

I don't know if anyone saw this, but if you haven't, enjoy:
http://www.cryptocoinsnews.com/2014/03/08/vertcoin-active-coin/

I'd already seen it myself, but thanks for re-posting - this is _fantastic_ news - there's nothing I want to see more for Vertcoin than people actually using it as a currency, and this shows that is happening.

[Wh1teKn1ght]

Anonymity is important to people. I was disappointed the devs backtracked on their promise to implement zerocash. IMHO, Darkcoin is doing well and is ASIC resistant, plus mines much cooler. I hope drk considers zerocash protocol.

Full anonymity=scare mainstream

smart anonymity (ie vert and stealth wallets)= mass adoption.   

what are these stealth wallets and when are they expected to be available??