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

[SnakeEater]

dump incoming. Coinwarz gtfo

new miners incomming thanks to coinwarz! 

Yes, we could do with a few at vtcpool.co.uk!

One of the longest running, most trusted VTC pools around

P2Pool (recommended) and traditional pool available for VTC

P2Pool: http://p2pool.vtcpool.co.uk:9171
Traditional MPOS pool: https://vtcpool.co.uk

P2Pool setup guide and FAQ


Why use p2pool?

• Mined coins are deposited directly in your wallet in the generation payment for the block,
  they are never held by a pool wallet and can't be lost due to failures or hacking/thefts
• Even if the node you connect to fails, you don't lose the coins you mined - your shares are distributed on the network
• Distributed (less vulnerable to DoS attacks, less chance of big pools having enough hashrate to be capable of a 51% attack)
• Private (you are paid with coinbase transactions and your public key is never seen on the network until you spend the funds)

Feel free to use https://vtcpool.co.uk if you prefer a traditional pool. Especially, users with lower hashrates may find earnings
are better on the traditional pool. There is room for a mixture of pool types, but please help further strengthen the decentralisation
of Vertcoin by using p2pool if it works well for you.

To mine on p2pool, use your VTC address as username, and any password, so your command line should be like:

vertminer -o stratum+tcp://p2pool.vtcpool.co.uk:9171 -u Vw44xQPqgwbqZVpRzPoHe6M4jAGYceiZZP -p x

Please follow the advice in the P2Pool setup guide and FAQ about setting your minimum
share difficulty - this will prevent HW errors and stales and improve your mining income.

I was mining yesterday abou 6-7h hours with 630kh and got not only one payout. Am i doing somthimg wrong ?

http://explorer.vertcoin.org/address/VnbgyKEKufRvSye8jmi74F3UEdyqRNr1X2

Run your own P2Pool instead of joining other p2pool.  Join large traditional pool like vtcweb.poolz.net.  I have wasted 3 days experience 3 p2pool without payout.  quit if you dont get any even a small amount.  Do not believe those who tell you to run for longer as you should get 0.1 VTC confirmed even in 1 hour.

[rog1121]

2% Mining Bonus at Rapidhash Vertcoin Pool
Mine 102% of what you make

Great Community
Desktop / Tablet / Mobile Friendly Design
Active and Experienced Administrators (Part of the MPOS Dev Team)
DDOS Protected Servers
2% Mining Bonus for everyone
SSL Security
Load-Balanced Varible Difficulty Stratum Servers


https://vert.rapidhash.net

[MineP.it]

Hey guys

We've launched a new service called MinePit. It is a client application that allows you to monitor, and remotely control your miners from any web browser, and additionally is a collection of pools that can be mined with or without the software.

We've launched with 9 pools to start with and have chosen VTC coin as one of those. Feel free to have a look and jump in with the mining at https://www.minep.it.

Our main thread is here:
https://bitcointalk.org/index.php?topic=523986.0

Many thanks,
MinePit Team

[Lovok]

Problem with p2pool is simple. It is too large. That leads to high share difficulty which causes low hashrate miner very low probability of getting share. Yes, if you hash for example a month, your income 'should be' average, but with bad luck, you may also get almost nothing. Or if you mine few days without luck, not getting share, and then left, you just wasted your hashrate completely. This is caused by nature how p2pool is working. Only solution I see is to create more than one p2pool network to allow hashrate redistribution. At current time, forget about mining on p2pool if you have less than about 1Mhs, coz probability of getting share at such hashrate is about 3 hours.

[dotnetmin]

Problem with p2pool is simple. It is too large. That leads to high share difficulty which causes low hashrate miner very low probability of getting share. Yes, if you hash for example a month, your income 'should be' average, but with bad luck, you may also get almost nothing. Or if you mine few days without luck, not getting share, and then left, you just wasted your hashrate completely. This is caused by nature how p2pool is working. Only solution I see is to create more than one p2pool network to allow hashrate redistribution. At current time, forget about mining on p2pool if you have less than about 1Mhs, coz probability of getting share at such hashrate is about 3 hours.

As i set up vertminer new i won´t let it run alone over night and so i powered down the miner yesterday evening after 6-7 hours mining withou getting a payout.
This morming i started again and within 1 hour i got first payments. So i don´t understand why, but now it is working. Each block that is found now a got my share.
 

[ozzy1926]

guys i am getting 454kh/s from 290 trix oc 1020/1250 is this ok?Or can i get more kh/s?

[jsgayo]

 Good launch time

[silencesilence]

BTC -> LTC -> VTC is the Future

[voephilis]

BTC -> LTC -> VTC is the Future

think so, too! when asics conquer the market, VTC will rise

[MichBjukenon]

guys i am getting 454kh/s from 290 trix oc 1020/1250 is this ok?Or can i get more kh/s?

that sounds about right

[Lovok]

Problem with p2pool is simple. It is too large. That leads to high share difficulty which causes low hashrate miner very low probability of getting share. Yes, if you hash for example a month, your income 'should be' average, but with bad luck, you may also get almost nothing. Or if you mine few days without luck, not getting share, and then left, you just wasted your hashrate completely. This is caused by nature how p2pool is working. Only solution I see is to create more than one p2pool network to allow hashrate redistribution. At current time, forget about mining on p2pool if you have less than about 1Mhs, coz probability of getting share at such hashrate is about 3 hours.

As i set up vertminer new i won´t let it run alone over night and so i powered down the miner yesterday evening after 6-7 hours mining withou getting a payout.
This morming i started again and within 1 hour i got first payments. So i don´t understand why, but now it is working. Each block that is found now a got my share.
 

Depends on your hashrate and luckiness. You got share, so now for given time, you get part of every block p2pool finds. It's simple, if you have 1Mhs -> on average 1 share every 3 hours, 500khs - > on average 1 share every 6 hours, 100khs -> on average 1 share every 30 hours. On low hashrate, you are playing lottery on p2pool, traditional pool is much better solution then (if you are not at least 1Mhs for now).

[CommanderVenus]

Man i was getting pretty discouraged because i tried solo mining knowing that i would get nowhere just to see the real difficulty, then p2pool.. This coin kinda kills that option though haha. I thought it was just me at first, good thing i came here to see that other people cant even get a share on p2pool. Oh well.

This N scrypt thing is interesting.

[silencesilence]

I'm looking for the best settings for Sapphire R9 290 / memory - hynix /

thanks   

[roy7]

Problem with p2pool is simple. It is too large. That leads to high share difficulty which causes low hashrate miner very low probability of getting share. Yes, if you hash for example a month, your income 'should be' average, but with bad luck, you may also get almost nothing. Or if you mine few days without luck, not getting share, and then left, you just wasted your hashrate completely. This is caused by nature how p2pool is working. Only solution I see is to create more than one p2pool network to allow hashrate redistribution. At current time, forget about mining on p2pool if you have less than about 1Mhs, coz probability of getting share at such hashrate is about 3 hours.

Then you trade off small miners getting more shares but the pool finding less blocks. Still results in variance for the small miners. The author of p2pool is working on a new version of p2pool for the future which will have better support for smaller miners, but that isn't a near-term solution.

p2pool does work differently than normal pools and people who don't like that should use a pool they feel comfortable with. Because it can take a while to find shares, p2pool maybe isn't good for smaller miners that jump around coins based on which coin is most profitable at that moment. But if you are mining vertcoin long-term in a "fire and forget" sort of way, the variance will even out over a long enough period of time.

[deky_]

Boris and dev's, we are looking forward to another weekly development update on blog.vertcoin.org. the last one was made exactly one week ago 

Anyone? 

[Lovok]

1 day average to get share from 750Ti simply is not an option.
I don't think that two separate p2pool networks should be the problem. Look at current situation, p2pool has about 800Mhs performance, generating block every quarter hour. If it's split into two networks, one 200Mhs with low hashrate miners, it still generates one block an hour with four times higher probability of getting share for miners. Second 600Mhs generating block every twenty minutes with slightly higher probability of getting share. It's not ideal solution, but there is not another yet. Problem is if miners will not follow recommendations in using two p2pool networks, one of them ends empty (because simply users will still think that higher hashrate network is better) or will have equival hashrate (users will prefer network with lower share difficulty) which is not so bad as first option because hashrate will be at least split into half.

[sammy007]

BTC -> LTC -> VTC is the Future

I guess current ASICs can simply make a firmware upgrade to mine Scrypt-N. Am I missing something?

[mfedorov]

BTC -> LTC -> VTC is the Future

I guess current ASICs can simply make a firmware upgrade to mine Scrypt-N. Am I missing something?

yes, they cannot.

[noerc]

BTC -> LTC -> VTC is the Future

I guess current ASICs can simply make a firmware upgrade to mine Scrypt-N. Am I missing something?

yes, they cannot.

"ASIC" and "firmware upgrade" are incompatible terms.

[OPTiK]

BTC -> LTC -> VTC is the Future

I guess current ASICs can simply make a firmware upgrade to mine Scrypt-N. Am I missing something?

I suggest you take a look at this: http://www.reddit.com/r/vertcoin/comments/1zr9hy/faq_vertcoin_asicresistance_all_the_answers_you/