depboy
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March 16, 2014, 09:29:53 PM |
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If that hashrate hits VTC, an average miner would mine about 0.5 VTC/ day which I am sure he would not give up for only 0.001 BTC. Combine that among lots of people and the price will find an equilibrium somewhere a lot higher than now.
Yes the other thing that people miss in their (in my view) excessive focus on prices rather than value, is that a massive network hashrate is what actually protects the money invested in a blockchain in security terms, and that you can only protect as much money as you have hashrate - that is to say, you must make it unprofitable to attempt to attack a blockchain. BTC can protect several $B because it has the hashrate to do so (albeit it is not as decentralised as it should be). Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin. I notice that at the time of writing we're back up to 15% of the network.
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depboy
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March 16, 2014, 10:05:18 PM |
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Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin. I notice that at the time of writing we're back up to 15% of the network. Yeah, this. p2pool adoption has been awesome so far - let's keep it going. My own node is at http://p2pool.vtcpool.co.uk:9171 and there's a FAQ at https://vtcpool.co.uk/p2pool-guide.htmlHow come your node doesn't show up on the p2pool finder list on vertcoin.org?
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nonny12
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March 16, 2014, 10:23:29 PM |
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if all miner get in this coin , i see no reason why price would increase , there will be more dump from more miner and the price will keep getting down until small miner quit and remain only bigger one with minimal profit margin . price increase if there is a demand for the coin , not due to the number of miner , most miner are just dumper and if they will hold somethings it will be either btc or ltc
Your comment has no relevance to the quoted text.
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nonny12
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March 16, 2014, 10:26:36 PM |
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If an ASIC was created for the current N factor of 11, then it would be obsolete when the N factor raises to 12. Creating and fabing a custom ASIC chip has a startup cost of at least $500,000 and maybe closer to $1 million. Companies would have to repeat this process every 1.5 years when the N factor increases.
Memory is not the only thing keeping the current scrypt ASICs from working on N factor 11. Discrete logic is also missing in those scrypt ASICs that make them unable to calculate VTC N scrypt algo.
So, if I get it correctly, the best combo to mine Vert is FPGAs with plenty of ram? An FPGA could be reconfigured on the fly to accommodate the N factor increase, assuming that there are enough logic gates (space) to synthesize the new code. I don't think the hashrate it accomplishes would be faster than a GPU, though.
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tolguen
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March 16, 2014, 10:36:55 PM |
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agx.io
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March 16, 2014, 10:37:29 PM |
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VERT/BTC went live on agx.io on 03/15/2014! Be sure to check out agx.io to learn about our just-announced AMD Radeon R9 280x Giveaway that runs through 11:59p Sunday March 23rd 2014! Trade on AGX to earn entries in the giveaway! You can also link directly to the infographic on the promo here: http://24.media.tumblr.com/d22fc786c1528580d601aabc03fef3e2/tumblr_n2jsh3w23G1trlaa8o1_1280.png- The Austin Global TeamFind us at: agx.io bitcointalk.org/index.php?topic=507474 bitcointalk handles: "agx.io," "AustinGlobal" twitter.com/AustinGlobalX austinglobal.tumblr.com
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bengtåke
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Merit: 250
confused developer
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March 16, 2014, 11:00:29 PM |
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Another great reason to promote the use of p2pool as one of the big distinguishing features of this coin. I notice that at the time of writing we're back up to 15% of the network. Yeah, this. p2pool adoption has been awesome so far - let's keep it going. My own node is at http://p2pool.vtcpool.co.uk:9171 and there's a FAQ at https://vtcpool.co.uk/p2pool-guide.htmlHow come your node doesn't show up on the p2pool finder list on vertcoin.org? He seems to be filtering or not listening on port 9346
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BTC: 1HoDKDn6Gk7mggAhbRVA1T9UAU8kFAA6sy
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othe
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March 16, 2014, 11:23:09 PM |
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Preview of the Android Wallet. Thanks to Jon, g4estudios and everyone else who dedicated theire time for it! On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.
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othe
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March 16, 2014, 11:32:14 PM |
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Let's say an ASIC manufacturer decides to create an ASIC board with plenty of RAM so that n-factor is of no consequence if it is scaled upwards. He also ensures to have quite a lot of memory - at least double the memory that GPU carry for processing threads.
Then, the ASIC manufacturer enters the mining business and rapes the coin (to a smaller factor than SHA256 ASICs did, but still with a massive improvement over GPUs). How can this be mitigated? I mean if the coin adapts to much higher RAM demands then that will lock out the GPU users since GPU ram is pretty much fixed...
Am I missing something?
I'm bumping myself from 3 days ago, to see if anyone has an answer about this (?) 1. Please don't forget to consider the price with plenty of RAM 2. Please don't forget to consider that you are talking about ASIC which is fixed circuit Right now DDR3 is priced at ~10$/gb, which means that a 256gb RAM implementation would cost a mere 2.5k - and these are retail prices, probably its half or less for wholesale / manufacturer-to-manufacturer deals etc. If such an ASIC comes online and the coin adapts to higher factor, there would be a lack of GPUs able to cope with high memory demands because GPUs don't have that type of RAM. DDR3 is absolutely useless, the new GPUs will have GDDR6 - also Nvidia has GPUs on the Roadmap with stackable RAM - perfect for us Please also dont forget, its Software - we can fix it if something happens and we will fix it.
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pjr77
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March 16, 2014, 11:52:02 PM |
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Preview of the Android Wallet. Thanks to Jon, g4estudios and everyone else who dedicated theire time for it! On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io. Great news ! Keep it up
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othe
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March 16, 2014, 11:53:33 PM |
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Oh prelude.io already works, they will also have an anti manipulation protection - so feel free to move there for trading ;-)
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Kenshin
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March 16, 2014, 11:54:51 PM |
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Great I can't wait to have a Vertcoin wallet on my phone.
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mega
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March 17, 2014, 12:18:43 AM |
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On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io.
http://wikibrains.com/map/53225d84e4b02ea42a1c8ab7A major coin!
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Got my account back! It was hacked. Sorry about it :|
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luicon
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March 17, 2014, 01:03:27 AM |
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FNG
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March 17, 2014, 09:48:12 AM |
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Preview of the Android Wallet. Thanks to Jon, g4estudios and everyone else who dedicated theire time for it! On a sidenote, prelude.io will start trading tomorrow. In the near future it will also support EURO/VTC trading - powered by moolah.io. Nice work guys
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KRStwo
Newbie
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March 17, 2014, 10:07:28 AM |
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0,77 usd???! and is this not a bottom?
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JustLurkin
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Activity: 107
Merit: 10
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March 17, 2014, 10:22:57 AM |
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0,77 usd???! and is this not a bottom?
relax.. this coin will be fine. Just buy & hold.
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Eastwind
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March 17, 2014, 10:48:58 AM |
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What does "Vert" in Vertcoin mean?
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pjr77
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March 17, 2014, 10:59:17 AM |
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What does "Vert" in Vertcoin mean?
Green
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